Orchard

hahah 3.6% is the average of his holdings. He reports his returns the same way as financial newsletters. Love it! Maybe he should include the return of the average S&P stock then. Apples, oranges, who cares?

Sure. A lot more opportunity if your product or service is good enough to charge a price higher than the competition.

If an investment manager has a strategy for "winning" in roulette....RUN!

Anyone know how much Vegas' casinos charge to issue a lifetime ban? ;D

I'm not surprised at all by the quackery. Next time you pick a fund manager you know what question to ask!

In many domains you have people signaling their intelligence by walking around and talking about their gambling exploits. The question i would pose them is: If you're so good at gambling how come you don't do it full time? The most likely answer is that if you gamble in a low-risk way with a strategy that gives you favorable odds you are making peanuts. The only way to make big bucks is to play with big stakes, but due to the swings inherent in gambling you will most likely run out of money.

It's nice to see that you got to set your own terms for the bankruptcy while everyone else has to play according to the country's laws.

Which companies are keeping guidance for 2020? I'll start with Davita.

I just think that there's a risk that people will be hesitant to travel not because of money but because we don't know if there will be a 2nd wave or not.

Baby thrown out with the bathwater? Are you booking one for June? Why does the price matter whether you're going on a cruise / trip / vacation right now or not?

I think most upper income buildings with doormen have cracked down on air bnb subleasing. I'd be surprised to find much of this going on in any bigger building. From what i see, the air bnb subleasing tends to be in smaller buildings i.e. less than 10 units with no doormen.

People talk their book all the time. I don't see the issue with it. Now if you made listening to it illegal it would go all away pretty quickly. ;D

This is why any president should be barred from owning private businesses. Who will ever know that his initial ignoring of the virus wasn't because he had an incentive to keep travel going? Imagine he had reacted faster if he didn't own hotels?

If you invest in an asset that unlevered returns less than 1% you have to make it up through leverage and eventually will believe that cash is trash.

Once you get comfortable owning something at a price for the long-term.