turar
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Posts posted by turar
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Well, communism turned Russia from a capitalist dull backwater country with mostly poor illiterate population into a world superpower with almost 100% literacy rate, good free healthcare, modern living conditions, etc. And all that on top of a devastating WW2 which killed millions and destroyed most of the country's infrastructure. So there are always two sides to any story.
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I find myself holding quite a bit of cash in CAD, given the lack of bargains in the market, as well as the fact that I usually hold "non-investable" cash cushion as well. I do have a portion of it in USD as well, but majority is CAD, mostly due to higher interest. I'm starting to get nervous about holding so much cash in one currency, especially after articles like this: http://www.theglobeandmail.com/globe-investor/meet-the-hedge-fund-founder-whos-betting-against-canadas-economy/article11585150/
So I'm wondering what strategies Canadians here employ, do you diversify much into other currencies?
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I thought it was the consensus that WW2 benefited the US economically, and advanced US economic interests significantly abroad.
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Historically cash has been a pretty good inflation hedge. Interest rates go up when inflation goes up.
Hmm, it does make sense when you think about it. I guess it depends on the situation. I did live through hyperinflation once as a kid, and cash was trash basically, but that situation was somewhat different.
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The crux of the matter is to comprehend and understand that as an investor what you want in such a scenario is to be largely in near cash assets so that you can be ready to deploy the cash at attractive valuations.
I'm confused, why would you want to be in "near cash assets" when (hyper)inflation hits?
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Not sure which group was saying that, IEA is International Energy Agency.
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My understanding is that shale/tight oil production will also be peaking around 2020, and then decline rapidly.
http://ic.pics.livejournal.com/crustgroup/21152339/136207/136207_600.png
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RE: Bin Laden, I was surprised to find out he was never indicted or charged in connection with 9/11. Formally, he was still wanted mostly for the bombings of embassies in Africa in 1998. I'm no conspiracy theorist, and this was probably due to procedural or bureaucratic reasons, just an interesting piece of trivia. http://www.fbi.gov/wanted/topten/usama-bin-laden
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High-end day care center providing multiple language learning and academic instruction. High demand with many dual income families striving to put there kids on the right path. Probably $200K give or take to get going
There's a company operating with a similar model in Canada, except they add an additional twist. They contract with big local employers to provide "drop-in" daycare service for employees as a benefit. Also, employees of contracted companies are automatically put on at the top of a waiting list, etc. So they have corporate revenue stream, and also charge a premium rate compared to other daycares in the surrounding area. It's pretty successful and is running locations in several cities across Canada: https://www.kidsandcompany.ca/
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You can look into this as well: https://www.torproject.org/
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Nice flip flops. I know it's Miami, but come on, most of the audience was dressed pretty formally.
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AIMCo's white paper on timber: http://www.aimco.alberta.ca/pdf/AIMCo%20White%20Paper%20-%20Timberland%20Investment.pdf
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BLS is still objective in their statistics, but the US Department of Defense apparently may have helped cook the books for GDP by front loading their (until then declining) purchases into the latest reporting period, according to a recent Barron's article.
I wouldn't call it "cooking the books" though. More like preparing for fiscal cliff by putting all their orders in before it hits their budgets.
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The "hotel/motel" mention reminded me of a pretty good article from 1999: http://www.nytimes.com/1999/07/04/magazine/a-patel-motel-cartel.html?pagewanted=all&src=pm
It's worth a read.
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There was an intermittent issue for me that I get redirected to the home page of the site (the blog with announcements) whenever I try to access the Board's home page (the actual forum). Several times throughout last week and this week.
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Saw this on Reddit shortly after reading this board, and thought some here might like it:
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OMG, this thread has just turned golden.
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Ya'll might enjoy this one. What an unnatural abomination!
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Ohhh, I hope this turns into a religion thread! ;)
As for my own quest, I've slowly have moved from agnosticism to theism.
How does one determine good from evil if there is not something higher to distinguish them for us? For instance, how was Nazi Germany any better or worse than Mother Teresa?
You might like this article: http://www.nytimes.com/2010/05/09/magazine/09babies-t.html?pagewanted=all
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I've heard five speeches now from the conventions...Ryan, Romney, Romney's wife, Michelle Obama and Clinton.
You're missing out on the Eastwood speech then!
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I was actually playing with an idea of blindly selecting a basket of stocks discussed heavily on this forum, as well as various value investor blogs. Sort of like an index. Would be nice to have a software program for that. :)
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Go easy on USPS if it wasn't for them the Canadian Postal Service would be the worst in the world.Cheers
Actually, US and even Canada have it pretty good compared to "the world" when it comes to national postal service.
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Here are a couple of relevant articles.
http://www.valuewalk.com/2012/05/dialectic-capital-short-cast-hlf-bam-china-and-canadian-housing/
http://seekingalpha.com/article/697261-the-way-to-play-canadian-housing-market-bust
They both mention BAM as a short candidate, while BAM is probably in portfolios of a few value investors.
Fairholme/Berkowitz
in General Discussion
Posted
No, I don't think so.