rb

Georgia in 2020.... when you're trying to be dumber than Alabama.

Oh you value investor you...

Great observation. I guess when you make money on momentum, momo begets more momo. So more monkeys running the same strategy actually leads to better performance and can allow the monkeys to get really wealthy. I guess when it doesn't work, it unravels pretty quickly as well. Even then it's hard to do. I'll believe the stories when all of Robinhoodville shows their P&L. I'm getting the feeling that you mostly hear from the moneys that got 40 heads in a row but don't hear so much from the monkeys that tried to get 40 heads in a row but it came in tails on the 1st try. Obviously, this post is tongue in cheek. Of course, this is why I think it's so crazy that people pay so much attention to that 1% of the actors, athletes, celebrities who made it big. It is obviously justified for them. I think Connor McGreggor was on the Irish equivalent of universal basic income or welfare when he was training and working as a part time plumber. Obviously, it worked out for him. But it doesn't mean that society as a whole should do what he did. It is fun to make fun of yourself from time to time. I think running a value strategy requires a good sense of humor (unless you switched over to tech/growth in the last 10 years). Don't worry I didn't take it too seriously. Btw, I didn't switch to buying tech in the last 10 years. I was buying tech 10 years ago. Real tech, with real earnings and real cash and cash flow. I remember that was so lame back then. All the cool kids were buying mining companies. But I don't agree with your Connor McGregor analogy. That's a game where a champion emerges for whatever reason: genetics, training, stubbortness, all of the above? But did you ever meet a roulette champion?

Alright dude, keep dreaming about HCQ. I can't stop you.

Umm.... HCQ isn't an anti-viral. It's an immunosuppressant. I wonder why the whole medical community doesn't drop everything its doing because some dude with a family practice in the desert that provides basic said something. He's apparently treated thousands of COVID patients in a in a country with 268 hospital beds and and 28 ICU beds. Honestly the French HCQ quack was much better! Did you just type in google "Doctor HCQ good"?

"Many doctors" is the pandemic version of "People are saying". Most doctors say it doesn't do shit.

For some reason it's really, really important to some people that this be just like the flu. Ever hear of a recent flu season that overwhelmed hospitals? I was in London during H1N1 and it didn't even come close. Meanwhile the only systems that held this time around was... Sweden. With honorable mentions to Austria and Germany. Especially Germany which behaved admirably during the crisis. Meanwhile Houston is starting to look shaky. And Houston apparently has the largest hospital system in the country. I did not know that. All of this from a little flu, or even less then. ::) https://www.nbcnews.com/news/us-news/all-hospitals-are-full-houston-overwhelmed-icus-leave-covid-19-n1233430

Great observation. I guess when you make money on momentum, momo begets more momo. So more monkeys running the same strategy actually leads to better performance and can allow the monkeys to get really wealthy. I guess when it doesn't work, it unravels pretty quickly as well. Even then it's hard to do. I'll believe the stories when all of Robinhoodville shows their P&L. I'm getting the feeling that you mostly hear from the moneys that got 40 heads in a row but don't hear so much from the monkeys that tried to get 40 heads in a row but it came in tails on the 1st try.

John, my friend, that only happens in the movies. In reality they don't let you swipe plastic. I bought a car a couple of years ago and they only let me swipe plastic for $5,000. I had to bring paper for the rest. This wasn't a corner store place either, it was a BMW dealership. Full disclosure: I gave them a certified cheque. I didn't ask if also took Berkshire stock certificates.

Maybe he wanted to buy a boat??

Isn't that concern valid though? You can see it with the schools reopening. CDC (the place with scientists) puts out guidance on how to open the schools. The White House doesn't like the guidance. Then the CDC quickly puts out different guidance that the White House likes. If the CDC got turned into a rubber stamping political puppet why can't the FDA become rubber stamping political puppet? This considering that the FDA has been more of a political agency that the CDC has historically been.

Usual urban legend/conspiracy theory fare. ::) We have a fair :P share of these on CoBF too. Yeah, but we know that Russia is actively planting stories like these, so it could be either one, or started by one and amplified by the other. Their aim is to hurt the US, so disinformation and sowing division are tools to that aim, just like supporting Trump was. You can go back to the report on Russia disinformation in 2016 and this is exactly their style. It's not a conspiracy theory when you know they're actually doing it, even if you can't know for a specific piece of data. But if they wanted to hurt the US, they couldn't do better than convince people that the virus and masks are a political issue and/or a hoax. That'll cost thousands of lives and trillions of extra dollars over what the cost would've been otherwise. I'm gonna go with dumb people. Russian psyops spell better.

LOL @ Vodka in a plastic jug

I don't think it's that big of a deal. When I graduated high school it was during a time when high school went from 5 to 4 years for university going people. They were ok to shrink 5 years in 4 with no problem. Then in university in year 1 they pretty much cover again what you did in the last year of high school. Then if you go the blue collar way it's not a tragedy that you're not so good at trig, calculus or King Lear. So from a quality of learning I dont think it maters at all.

Not to mention even if schools manage to get solid systems and software in place for online learning there is still the issue of teachers themselves. Online teaching is a whole different ballgame. Throw in teachers over the age of 50 who have been in the classroom for 30 years and their effectiveness dwindles. Here in PA a ton of my coworkers pulled their kids from school and rushed them to PA cyber school simply because the teachers are at least trained for online learning. You're missing the point. The school system besides other important things is a giant day care program to look after kids while parents go to work so they don't become delinquents. It doesn't work online. It needs to be physical.

I'll have to try that. I've been drinking mostly just water with lime juice or black coffee. Trying to loose weight again. I've been Putting it back on since quitting the paleo diet a few years ago. You guys are ruining this topic, you know that right?

Depends on what's a "reasonable time frame". The time frame I see most often in the media is 12-18 months. It's hard not to be doubtful of that claim. From what I at this point we have the knowledge and capability to pretty much make any (most?) vaccine in 12-18 months. So I'm not so worried about the time frame. What I'm worried when it comes to the vaccine is: 1. Will it be any good? 2. Will the moron internet people actually get vaccinated? If you were under age 40 and in good health, would you pursue a covid vaccination? I wouldn't. The mortality rate and morbidity does not justify the time and the risk of side-effects for people of that age. If you are over 50 or 55, it starts to become a real risk and the vaccine might offer some real value. I hope we will see a vaccine developed, but I am not particularly optimistic about the adoption rate or the efficacy of the vaccine. SJ If you live in north america you're most likely not in good health. You may think you are, but you're likely not. Most vaccines have no side effects and the side effects and from what we see the side effects from COVID 19 look pretty bad. That's with the fact that we don't even know most effects of COVID 19. So all in all that's a pretty dumb statement.

Quite possibly. I guess then that I'm more of a surf and turf kind of white privilege as opposed to the bitter old man kind of white privilege.

Which would you prefer? A plate of hanger steak, scallops and tiger shrimp or a plate of current affairs?

The grocery thread talks about money, seafood, steaks, and erections. 4 things most of us enjoy. It shouldn't be weird it's popular.

Depends on what's a "reasonable time frame". The time frame I see most often in the media is 12-18 months. It's hard not to be doubtful of that claim. From what I at this point we have the knowledge and capability to pretty much make any (most?) vaccine in 12-18 months. So I'm not so worried about the time frame. What I'm worried when it comes to the vaccine is: 1. Will it be any good? 2. Will the moron internet people actually get vaccinated? I am by no means an anti vaccination individual. Get your vaccines and trust science. That being said, I don’t get the flu vaccine every year, and a vaccine produced for a virus we don’t truly understand does give me a bit of pause. I’m pretty much extremely low risk for covid to begin with. I probably would get it anyways, but seeing a vaccine rushed to market without any significant length of testing/long term effect analysis does make me think twice. There are people on here saying that hydroxychloroquine hasn’t been tested enough and verified with long term effects. Wouldn’t it make logical sense to be just as hesitant regarding a vaccine? Well when I'm talking about the "internet people" I'm talking about a different set of people who have let's say a different set of concerns. It's frankly frightening how many of them there are. I totally understand what you're saying though. I'm as far from an anti-vaxer as you're gonna find but I'm not filled with confidence in the process when the Orange one comes on and says we'll make a vaccine in 3 months or something like that. That when anyone that knows even the smallest bit about the process knows it's not possible. I just wish they would butt out of it and let the professionals do their job. Oh yeah, if I have a choice when the vaccines come out I would much rather get a JNJ or AstraZeneca vaccine than a Moderna one. https://www.reuters.com/article/us-health-coronavirus-moderna-exclusive/exclusive-moderna-spars-with-u-s-scientists-over-covid-19-vaccine-trials-idUSKBN2481EU

Depends on what's a "reasonable time frame". The time frame I see most often in the media is 12-18 months. It's hard not to be doubtful of that claim. From what I at this point we have the knowledge and capability to pretty much make any (most?) vaccine in 12-18 months. So I'm not so worried about the time frame. What I'm worried when it comes to the vaccine is: 1. Will it be any good? 2. Will the moron internet people actually get vaccinated?

Depends on what's a "reasonable time frame".

The problem with that is that while insurance regulators like reserves, utility regulators like leverage. If a wave of consolidation comes in the utility industry there's always that 140 billion bank account at the mothership.

This makes no sense to me. Why would they move to delver these assets given BRK's monster credit?