turar
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Posts posted by turar
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I wonder if all the action of the past two days was due to expectation of this.
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I haven't been using it much so far, but I think I will start more and more in the future. By the way, if anyone wants a G+ invite, leave your email address or send it to me privately.
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On taxes:
It's interesting that top tax rate is pretty low currently as compared to other periods in the last century, when the US was prospering and growing: http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213
On spending:
Seems like military spending is #2 after SS/Medicare currently. Seems like significant cuts there would go a long way in resolving the spending issue. Are tea partiers OK with those spending cuts?
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I've come across a link to this article on another site I frequent, and thought it would be interesting to board members:
http://www.grist.org/sprawl/2011-06-22-the-american-suburbs-are-a-giant-ponzi-scheme
While the title is a bit too catchy, I thought the points raised were interesting, although I'm curious to see some of the sources for numbers cited. If true, this might have pretty scary consequences. Does anyone know how close to reality the claims are?
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RIMM killed my year, probably negative now. I've been adding all the way down since high 40s. :(
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common sense should have told you this if you hadn't seen the long known data
I believe it was Shiller who came up with that data in the first place.
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And if there is anything to learn from the economic situation in the late 70s, we didn't survive. So it is blatantly obvious that there was, and presently is, no need to go long any stock, of any kind... ;)
How do you mean?
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Is there an online service to check prices of Canadian options like TRE, besides your broker?
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Seems like a lot of those videos are from internal "all-hands" meetings, which are meant to be a little crazy and funny.
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I think it's both, you have both options. Also, in the money 2013 calls with strikes like $15 are selling for $9.50; i.e. 15+9.5 = 24.5, with current price at 24.2. Or 12.5 + 11.8 = 24.3, vs 24.2. That way you don't have to worry about expiring options.
Eric, what do you mean by "One can use puts for leveraging a short position, and that's risky"? Are you just talking about risk of the premium for a put?
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He randomly chose 3 companies that he could not change throughout the year. He happened to, by chance, pick 3 defensive companies (if i recall Playboy co. and several beer companies were what he picked--i know real mature :P)
By the way, reminds me of the Playboy stock picking contest, where Playboy bunnies were picking stocks. The winner bunny completely killed most of the mutual funds and hedge funds.
http://dealbreaker.com/playboy-stock-picking-contest/
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That's true, it's all about location. Based on very preliminary due diligence, in Atlanta (i.e. surrounding area, within 20 miles of downtown) you can find single family houses selling <60x one month's rent...
Which area of Atlanta are you finding houses selling for 60K with 1100 rents? I know Atlanta varies significantly from area to area, and some neighborhoods can be downright scary to even drive through.
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Canada Pension Plan Investment Board
Wow, I wonder what else they're up to.
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That's my observation as well (I'm in Florida). It seems like a good opportunity to me.
If any board members are interested, I'd be happy to occasionally check in on their place from time to time as long as it's a short drive! ;D
Is there a difference in markets within Florida? Say Miami-Dade vs something like Naples area? Are there areas with more potential than the others?
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I do believe that the more we learn through science, there becomes more questions about some of the basic foundations of religion. I'll stay generic with that comment.
I think Feynman said it best: http://www.youtube.com/watch?v=TBCDTsgZomw
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Which part is non sensical? That they were supposed to demand Afghanistan accepts the body of the guy who ran tyranny over them? What your implying would be acting like a banana republic.
It has been stated that they did talk to other governments. They just stated they wouldnt disclose which ones they were talking to and with all this, how do you propose them to manage moving the body to another country and have him buried within 24 hrs of his death? Considering they had to ensure through DNA tests it was in fact him.
He didn't "run tyranny" over them, in fact he had wide popular support, in my understanding. And yes, that's what I'm implying, although "client state" is a more accurate term. That's what Afghanistan government is, and there's no need to demand anything, the US can just order it.
Again, the 24 hour thing is a joke in light of other circumstances. There's no hard and fast requirement of "24 hours", there are always exceptions, and I really don't think the US military cared that much about it.
Anyway, I'm gonna wrap up on my end about this issue. Just wanted to see if anyone else found it a bit surprising.
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As per Muslim law he had to be buried in 24 hrs and it has been stated no available countrys (or acceptable) were prepared to accept his body.
The killing was warranted as a previous killer of many innocent - the insult of burial as per muslim beliefs would not have been thats why they stayed the course on that.
From what I've read, it was an assumption on the part of the US government/military. They didn't actually ask any of the governments whether this in fact was the case. And like I said earlier, the US effectively controls the government of Afghanistan, for example, so that explanation is somewhat nonsensical.
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They used facial recognition software on site after the operation. They removed the body, as well as a ton of information that was present. They had one of his wives view the body and confirm it was him. They then ran DNA tests using Bin Laden family DNA for confirmation.
The burial at sea was so that there was no way for his comrades to gather around and celebrate his burial...thus the U.S. government did not ask to bury the body on soil in any nation that may have wanted him. At the same time, I'm assuming the U.S. government didn't want to offend the Muslim faith, and gave him a proper burial according to Muslim customs. Cheers!
I suppose. They could have just buried him anywhere in the US, on any military base with restricted access, or something like that. It's not like there's not enough land under US control. Then there's Afghanistan, which is under US control, or at least Kabul and surrounding areas. The sea option is quite unusual in Islam, and doesn't add up well with the explanation for quick burial out of respect for Muslim tradition. I hope there was enough serious evidence gathered and there were credible third-party witnesses besides just a single wife.
The optics of quick burial at sea are not great, that's all I'm getting at. They had to realize that.
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I'm still confused why he was buried so quickly, and at sea for that matter. The official explanations given do not sound very persuasive.
The speed is due to Muslim beliefs. Burial at sea is acceptable as I'm sure that theres no Government that would have wanted him buried on their lands. I hope they gave him the proper send off according to Muslim beliefs.
It doesn't make sense to me though. They killed the guy, shot a bullet through his head, which is clearly against Muslim beliefs, and a much greater sin in Islam, and now they're worried about proper burial? And at sea, no less?!? They haven't even asked any government, from the sound of it. Very, very strange.
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I'm still confused why he was buried so quickly, and at sea for that matter. The official explanations given do not sound very persuasive.
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Hmm.. maybe, Eddie Lampert should go to the least competitive landscapes and pummel the competition. Having said that, do you think it's only a matter of time, where the "game" is stepped up by Walmart/Target and other competitors?
The comment above say the business model is still flawed, but it's like in the land of the blind, the one-eye man is king. It's only a matter of time before great competition comes to Canada, right?
There's no Target in Canada. It just recently bought Zellers chain from HBC and now plans to enter Canada soon, and there was a lot of hoopla about it and how it's going to affect Canadian retail environment. In Canada, prices are generally higher, and selection poorer across the board, so yes, it's easier to make money for Canadian retailers. When you enter today's Zeller's or HBC stores, they're really not that much different or better than Sears stores.
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I think the competitive landscape in Canada is significantly weaker.
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This is somewhat off-topic, but I wonder if anyone here would know.
I lived in the US for sometime, and then I moved to Canada. I still had some bank and brokerage accounts in the US as of 2010, and so they sent me 1099 forms -- for dividends, capital gains, and for interest.
Do I need to file this income with the IRS? I'm not a US citizen or permanent resident, and I was not a US resident for tax purposes in 2010. I will be paying taxes on that US income in Canada. I'm just a little a confused whether I even need to bother with filing 1040NR this year at all.
Thanks in advance!
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I know that's from a while ago, and I've seen it a few times by now - but listening again I hadn't caught his comment on predicting coming disappointment among universities that all invested in timberland at the same time ("they all purchased in the same groves"). There was a similar sentiment expressed in one of the Heilbrunn Center for Graham & Dodd Investing newsletters, where the 'short' winner of Ackman's pershing square prize was a timber reit short. (the long winner was BR)
That's interesting, Grantham seems to be of opposite view. Do you have a link to that newsletter?
Any good investing podcasts out there?
in General Discussion
Posted
Bill Gross does monthly podcasts of his newsletter, you can find them on iTunes.