Vish_ram

BMI

Just my 2 cents 1) 99.99% of all stocks go to zero in the long enough time frame. 2) Keep the $ in broad index funds (total market, intl total etc) to cover all the needs 3) Own anything else for your wants 4) As you grow old you’ll realize that the world is changing fast and your mental faculties are in decline. #2 keeps you from becoming poor You don’t get killed by what you don’t know, you get killed by what you know for sure that ain’t so

What’s the new Harvest natural resources (HNR)?

I would love to hear some travel agent recommendations for Cairo/Nile cruise.

Went to Portland OR for legal M Mushrooms. Just a fantastic spiritual journey.

of course “Lira Billionaire" Pabrai. PIF4 is lagging almost 700% cumulative to S&P since last 20 years.

AI is revenue component for some (NVDA ASML …), cost side (LMND DUOL HIMS SPOT NFLX AXON …) for some and both (GOOGL AMZN ORCL MSFT …) for few. Even if AI bubble bursts for those that have it in cost side will tremendously benefit.

What nonsense is Spier spewing? LLMs don’t provide conviction, temperament, patience, critical thinking, future prediction/forecasting, crowd behavior, consumer behavior etc. It does provide synthesis of existing info. Fact is LLMs are available to all and levels the playing field. Internet didn’t kill value investing. Value investors killed value investing.

Once you get confident in your ability to compound, based on age, you may end up growing it 2X to 50X. most of folks here will end up spending hardly 5% of their peak net worth. as you age your interest to spend drops and material things bring less joy.

One of them has a very high dispersion in outcome (total loss to high return and in-between). such a process/result generally is incompatible with insurance float mgmt.

Finally visited Taj Mahal (Agra, India). Beautiful, clean and pristine. Delhi-Agra expressway was too good, just like in US. Munnar & Thekkadi (Kerala) was great too. My cousins in Mumbai spend 4-5 hours/day on commute. I dont know how people live and work in India. Happy to have bailed out. India is a great country and the only problem is that there are too many Indians (who lack civic sense, urban planning etc among million other things). If only 10% of Indians pride be converted to a useful resource, they can match up to China.

Most important thing about secondary incomes is that make sure you can exit if you don’t like it, it should align with your mindset, values and skill set.

Alpenwild is bit upscale. Never had any complaints. Guides did a terrific job.

Weather was mostly manageable. We had light rain on 1 day, warmer on another. Rest very pleasant in the hills. we were told that the peak of the mountain had temp go above zero for first time (mid of last week). locals say that the glaciers have receded compared to years/decades ago.

one easy thing is to get CFP and do financial planning. you can charge a decent sum. If you get a good client base, you can become a RIA (get Series 65 etc). I went the harder route of getting CFA, MBA etc, still was worth it. Secondary income stream became a full time job.