flesh

This has come around previously. As always and at least for some people the errors are in the assumptions. I have a close friend with 2m who will inherit about 750k within 5-10 years. He single 50 years old. He convinced he needs at least 2m and a house paid for. another good friend has 15 m and he’s convinced he just needs one more big exit and he’ll be done. Many here posit the idea that they’d be bored if they retired but presumably they won’t be when they retire at x age and with x wealth. I mostly retired at 34 with a net worth of 600k, 11 years ago. 450k of that in cash and retirement accounts. Rest in home equity. By mostly I mean I’ve worked about 2 full time years since then comprised of 3-6 month part time stints of 10-20 hours a week interspersed with sometime years of no work. It seemed rather obvious to me back then that I didn’t know what I would do to find meaning absent winning the money game and the socioeconomic status that came with it however that was the very problem I wanted to solve. I knew that marketing or investing was only something I did for money.. something I definitely wouldn’t do if I didn’t need the money. it took some years to fill that hole but I can honestly say there’s nothing to go back to and the cost of my precious time left would be far too high to ever spend any considerable amount of time doing abstract empty unfulfilling exercises. What I do is rock climb, dirt bike, read, spend time with my family and friends. Basically I’ve studied nearly everything at a conceptual level and had plenty of time to climb and dirt bike and scuba around the world and with my family. Financially, I was able to do this by cutting all costs… line by line over time.. of course focusing on and learning about what I did/did not care about. I bought a cheap house back then that already had a mother in law apt in the basement. Mortgage is 1500/month and renter pays 1200/month. I didn’t get married because that would obviously change the equation and seemed ill advised considering I only wanted one child. I found a woman willing (after some convincing) to cover half of most costs. My costs are only 35k year before vacations and extras.. like a new dirt bike etc. I actually spend about 50-60k year. Net worth has tripled since then. Nobody suspects I have money and I like it that way. I never liked how people treated me when I made 1m/year in todays dollars back in 05/6/7 etc. it’s an alienating effect. For your psyche and others. in 15 years the home will be paid for and I’ll have a renter paying 2k/month plus in the apt. I’ll have zero debt and six figures income without working. id suggest there’s much to discover and that waiting until your physically and mentally impaired is not the best time to do it. Just know you don’t know and you won’t until you have the time. The assumption of boredom I posit is the mistake. It’s not been grounded until you’ve experimented with the alternatives. In todays age you have to create the alternative. That’s the adventure. The adventure many throughout history had as default. That is, time. Time to wonder. Recently I jumped on the Bryan Johnson and slim land program. Longevity Olympic guys. When first presented with their ideas it seemed overwhelming and a bit ridiculous. That phase lasted months but I had the time for it to seep in. Now I’m three months into it. Perfect diet. 20/supplements a day. Health markers going from good to great. Now it’s easy and automated and inexpensive. Line by line. I recently did two one arm pull ups with my right arm, a pb for me at 45, been climbing since 17. Tied my pb of two one arms with the left hand. Set a new pb of hanging one handed off one pad edge longest time ever just yesterday while home sick with a cold. My circulation is improving rapidly and sleep as well. I’ll be taking the 800$ full bio marker test next year and see where I’m at with 300 bio markers. Point is, this was never my cup of tea before but now it is, and it’s obviously good and easy in hindsight and definitely not something I would have done while working hard. It’s clearly worthwhile, super health. What I do of course may not be what you would do, but most people will never know.

Lords of finance has a lot of relevant overlap of the topic. It’s also a fascinating read… who ever thought money had so much to do with govt decision making in wars? Haha

Anyone get updated brk b book value?

The advice, if true, for a holding company concentrated in Tesla for tax purposes is pretty heinous. Maybe not according to law, but who would do that?

Nc at 28.xx

Not that it's relevant, or is it? Buy a house with a mother in law, complete amenities, separate parking/entrance and rent it. My renter pays 80% of my mortgage, which is at 2.8%. In 20 years it will be paid off and the renter at the inflated prices 20 years hence will pay for 1/3- of my retirement. You don't worry or at least it seems a stretch to worry, when your renter will cover your mortgage in 5-10 years. Where I'm at 1/10 houses come with such mother in laws. No brainer. If you earn 10% a year on the 2.8% debt, your house is not only free, it pays you. Just break the rules, it's easier. The price of a single family w mother in law is the same as a single family as opposed to a duplex. Continuing this simple idea, I can rent my current house as two units, which will bring in 2x the mortgage. Using that extra cash flow allows me to buy a bigger better house that also has a mother in law for free when accounting for the basic math. So that's what I'm doing now. Well, as soon as rates come back down that is. With a 7% mortgage that changes the calculation to just a good deal but not free which isn't tolerable.

Just skimmed this last page... isnt ibkr paying me 4.82 on cash right now? Simple?

The orville was good, especially season three. Also the new star trek with captain pike is good. The three body problem an award winning trilogy written by a chinese guy is coming to netflix soon, although I have little hope of their ability to bring it to the screen. I've read the foundation series by asimov and the apple tv version literally leaves out the most interesting parts.

My buddy and I have talked about this forever... for us in Utah it's 2m and a home paid for. We assume 5-10% returns annually on the 2m although weve both done better since the gfc unsurprisingly. If you have no debt and 100-200k in income, I really don't get what more you're looking for. Personally, I can't even think of anything I care about buying that I don't have. I have trimmed costs strategically by figuring out what I actually care about. I did experience spending 2-300k/year for a few years so I know I don't care about that. Alot of it was wasted on dumb clothes, unhealthy dinners, lame vacations, new cars, undesirable women, all of a lifestyle I give zero F#$%% about now. I guess my ideal is much more realistic to achieve and nobody would think of it as rich. The books I won't read and the interesting things I won't learn/see/experience are a much larger problem than whether I have 2m or 20m. That said, alot of us will end up rich, 10m, some of us are there no doubt... it's inevitable.

It doesn't take much to have a Moral north star. If you can grant me that it's better to eat steak than to have your arm repeatedly broken every day for your entire life. This combined with an evolved psychology is all we need to get there. Using a genes eye view looking to replicate itself. My genes want to replicate themselves, my kin share some of my gene's so my genes want them to replicate as well and so on decreasingly through those that share my genes. Therefore it is good that my genes don't die and that they replicate. My instinct/morality is to ensure that happens to varying degrees depending on the degree of relatedness. Also, to some degree, at the group level/multi level, those that are better at cooperating and planning for the future outperform those who aren't so they are selected for. This could be RichardGibbons metal balls/laws/norms/incentive constraint disincentive systems incrementally tweaked over time. It's at this level that rkkabang is claiming his law principal of non agression or non coercion applies. I could go on but I think this gets us there. 1. It's better to have your arm broken than to be skinned alive. We could run tests and ask people their pain level to confirm. We could measure their bodily reactions as well. Heart rate, blood pressure, adrenalin, fmri's,whether or not they asked you to kill them and get it over with. etc. Is it subjective if all evidence points towards being skinned alive is worse than getting your arm broken? From all known perspectives? 2. Genes want to replicate themselves and you share genes with those related to you. Those people who help your genes/kins genes replicate are also valuable to a lesser degree. Is this subjective thought/reasons? Do you choose your sex drive subjectively at all times throughout your entire life? Is it subjective that women are more likely to choose symmetric and large men, costly energetically, and therefore unconscious evidence of good genes when they ovulate, but don't care when they aren't ovulating? We need laws norms that align with 1 and 2 in order to get the most out of us.

There's a huge difference to the person dying how they die. Getting shot and bleeding out in a few minutes vs what happens in martyrs is night and day. I'd kill myself and my son if the alternative was that one of us had to be a martyr. The reason they are martyred while somewhat interesting actually makes the whole idea/movie worse... because now the most evil imaginable... way beyond the holocaust and similar... has been presented with a seemingly interesting worthy reason to do it.

I highly recommend nobody watches this. There's scenes from this movie.... I saw it shortly after it's release to dvd renting it from blockbusters... that can't forget but I'd like to. It's truly shockingly evil. Something like Hostel is similar but because it's less seemingly real... it doesn't move you like this one. On the other hand if you want to test your ability to remain detached from your visceral innate responses... you could try it with this is front of your face. One of the problems with media like this is that I can't help but believe that these shows provide a recipe for some of the most deranged in the world and I really don't think they need any new ideas. I wish we could stop making templates for the most unimaginable evils. If you are still curious and thinking you'll try it, don't read anything about it just watch it. Knowing the twists beforehand ruins it. Dont read synopses or watch trailers.

Work another year or two and save like crazy, or three if necessary. Be in a position you can cover your bills and have your liquidity grow assuming moderate returns before you quit. It can be hard to go back to skilled work. Industry changes and you change. It's difficult to see what it took to get to a high paying job because some of it was probably luck that your not aware of. I was in a industry that paid me well for 10 years, took 5 years off, came back for 1.5 years with a difficult learning curve, left when a kid came.... now it's gone and there's nothing else I know how to do that pays six figures working 20 hours a week. The older you get the more difficult it is to grind it out. Do it now not later. Personally, I became a better investor incrementally as my psychology changed as a result of my portfolio growth. You should never be in a position where you need returns this year. You should be in a position of abundance ideally.

Fun for me = Rock climbing (since 97'), dirt biking/enduro (since 2016, best old man sport), reading, I haven't cried a single tear since a 9 year relationship ended in 2018 until last night reading Ordinary men. Also reading The handbook of evolutionary psychology david buss edited now, will take awhile. If you like Kahneman, taleb, pinker, the confines of what it means to be human etc take a look. Playing around with diet, bulletproof as of now/ sometimes keto. 2 Year old son is getting more and more fun, getting sick from him isn't.

I love all his books. I'm buying them all to read (used audible) so I can l have them in the inheritance collection for my son.