Dalal.Holdings

Ray is a decision maker who focuses on macro issues unlike so many economists who focus on macro but bear no accountability for being wrong. That's what makes Ray's opinions and insights matter -- he's actually in the arena. A recent example of Ray shining amongst his lesser economist peers is the full Davos discussion on macro issues earlier this year: Summers, as usual, projects arrogance without humility. He's a prime example of someone whose career/reputation has largely been immune to his many bad ideas and projections in the past (many would say the largest being the run up in financial deregulation prior to the Great Recession). I guess one way that Summers has been held accountable is the rejection of his candidacy for Chairman of the Federal Reserve...well deserved in my opinion.

+1. When was the last true 'panic moment'? August 2015 right? I still remember that I wanted to buy some stuff around the opening but apart from IB all my brokerage accounts were inaccessible and/or unable to process orders. Complete disaster. Only IB was reliable (I use TWS fwiw). IB doesn't sell your market flow to others. Trading is usually crazy cheap and they allow access to a wide range of venues and order types. On the technical side they are just unbeatable. I personally think their reporting tools are excellent. I also love their corporate actions tool. With all other brokers I have to call / e-mail to get something done. Also, customer service might not hold your hand if you don't understand something but the ticket system works fine and they are far more knowledgeable about, for example, corporate actions, collateral, international withholding taxes and other 'advanced' subjects than all other brokers I have ever used. But yeah, sometimes it is not really user-friendly unless you are an expert. We would never trust a broker that sells our market flow orders. IB is worth it for that alone--and it shows in their rapid executions at favorable prices. Not giving TurboTax API access is also a good sign to us -- it shows that account security is held at the highest standards at IB, as allowing outside API access is a setup for massive potential vulnerabilities. We'll gladly download and import tax data manually to reduce the likelihood of malicious hackers from gaining account access.

So this is what happens to investors when patriotism wins over rationality. Being fully honest to your business partners while avoiding to take unnecessary consequences for those opinions is a smart thing to do. But if your opinion is that it is unamerican to be smart, well no objections here ;D By this logic, Trump should have been deemed a traitor for questioning the birth certificate of the last commander in chief... Oh ya, karma burns but this pres is very sensitive to criticism and will go after media, judicial branch, etc for hurting his feelings. Baupost has always kept their letters secret, long before Trump. Klarman has not exactly been secretive about opposition to Trump though, as he went public last year as written in the NYT article. Based on Klarman's investing strategy (small special situations), being secretive makes sense and is hardly cowardly (or to paraphrase Trump, "makes him very very smart"). It's interesting to see so much enthusiasm for trump in this forum when so many value gods (Buffett, Munger, Klarman, etc) have spoken against him.

Trump: "Just cannot believe a judge would put our country in such peril. If something happens blame him and court system. People pouring in. Bad!" Wow.

The 1st amendment mentions who is "fit to speak" does it? Point me to where the right is burning things, assaulting people, and destroying property to stop people from speaking? I see but hurt fascists, but not on the right. The first amendment does not regulate who gets to speak at a university. It starts with the phrase "Congress shall make no law..." Using your logic, Harvard not allowing you to give a speech on constitutional law in one of their lecture halls is a violation of free speech. Love it when alt rightists go on about free speech. It is a public university. Do some research on the 14th amendment and the incorporation doctrine. But even without the first amendment if a group at Harvard law invited me to speak and another group lit fires and beat people up to stop me, whether that is a first amendment violation or not it isn't the way civilized human beings behave. If you do not want to hear someone speak don't attend. "I don't agree with what you say, but I will fight to the death to protect your right to say it shut you up" Lol. Way to deflect from your easily debunked original 1st amendment claim. I never agreed with the violent protests and destruction of property. That guy is scum. I am against giving an editor of Breitbart news, neo nazi, KKK, ISIS member, Al Qaeda, etc a platform at a legitimate university. Their speech would add no value to discussion and would be destructive. Anyway, it's not for me to decide, it's the university. If you want to know his opinion, go read at Breitbart news. I can't wait until Breitbart opens an investing section. I hope you will go ahead and invest based on their news since you have no regard for facts or decency. What ever happened to plain old decency and a commitment to truth? Isn't this forum in the spirit of a guy like Warren Buffett?

The 1st amendment mentions who is "fit to speak" does it? Point me to where the right is burning things, assaulting people, and destroying property to stop people from speaking? I see but hurt fascists, but not on the right. The first amendment does not regulate who gets to speak at a university. It starts with the phrase "Congress shall make no law..." Using your logic, Harvard not allowing you to give a speech on constitutional law in one of their lecture halls is a violation of free speech. Love it when alt rightists go on about free speech.

And if there is anything recent events such as at Berkeley show, the left will simply not tolerate Trump supporters to exist. No, the moderator should have kept the original thread going that was at least an attempt at a serious discussion and shut this troll thread down. The alt right butthurt is strong. That speaker had engaged in doxxing, threatening people online (among many other scum tactics). He was fit to speak at a place like Trump University. At a legitimate university not so much.

On another note, how nice of our forum creator to close down the other presidential discussion thread and allow this one clearly a trolling attempt by Trump supporter to exist.

The tech bubble crash in early Bush's term did not compare to Great Depression. The 2008 crash did because it was a full blown financial (debt) crisis. This was after 8 years of trickle down Republican economics. The 2008 recession >>> tech bubble.

Exactly. Thus far, we have not seen any brilliant results from the imposed 11-D chess moves. Refugee ban on these 7 nations (where Trump Hotels also happens to do no business) is unlikely to make America safer. America has been attacked by terrorists from other nations (mostly Saudi Arabia) where Trump does business. All Trump fans can lay claim to is his election victory: an election where both candidates had historically high disapproval ratings. If Trump is a genius for winning the election by such a slim margin and losing the popular vote, Obama must be super-genius level as he won two terms with even greater (electoral and popular vote) margins. Oh wait, but Trump's 304 electoral votes and losing the popular vote was a "landslide" and his inauguration "had the most number of people ever. period". You really can fool some of the people all of the time. If Trump is a master at anything, it's fooling his followers. What else would you expect from a casino operator???

please don't slander my country, the majority of americans do not approve of trump's initial days in office. http://fortune.com/2017/01/29/donald-trump-approval-rating-gallup/ Ya, they think they have a majority because they won the election. They forget 1) they lost the popular vote, 2) many dems did not vote bc of repulsion to Clinton/favoring Bernie, 3) Trump's approval is in the shitter. Fact is that both candidates in the 2016 election started out with the highest disapproval ratings in modern history. Americans hated both and they now hate trump more than they did. Trump's EO clearly violates the 1965 Immiration act that prevents immigration from being restricted based on nationality/origin. The fact that many support such a power grab is concerning.

Trump's EO clearly violates the 1965 Immiration act that prevents immigration from being restricted based on nationality. The fact that many support such a power grab is concerning. Attorney generals do not need to obey the president, the president is not their boss (though he does appoint them) in the sense that we have bosses. The DOJ is supposed to traditionally remain independent from POTUS in operations (how would the DOJ investigate a president like Nixon if it weren't?). Trump is treating the DOJ like he's treating a subsidiary business which hurts the institution (he's causing a lot of institutional harm that may harm the country for much longer than his presidency). He is greatly expanding power of the President as if he a CEO (or dictator). http://www.forbes.com/sites/charlestiefer/2017/01/30/the-wrongly-fired-attorney-general-lawfully-refused-to-defend-the-muslim-exclusion-order/#1175674c7b8c The ban was not legal according to many experts (including the federal judge who ruled on it), especially the application to legal green card holders. It's up to the courts to decide. Of course to many on here, it's "I like trump so she was in the wrong, should have obeyed her boss, and should be fired". It's not so simple.

The left's hysterical overreaction has set the bar so low that all Trump needs to win over another term is not be Hitler. He isn't bothered by the the Hitler/facist comparisons, and probably hopes they continue. #MasterStroke

Gee whiz, I dunno why these permanent residents and citizens like that 5 yo baby are fighting to be "let in" to where they've been living. Remember tho, it's obama who was "taking away our freedoms". But I guess taking away freedoms from brown people is ok doe.

You mean the cartoonist who correctly predicted a landslide win by Trump, one year before it happened? Landslide!? Lol... "Guy who predicted Trump" is like "Guy who predicted financial crisis". Just because they got one right doesn't make them fortune tellers and sure doesn't make their other views valid. But they do love harping on that one time they got it right. It's interesting how the narrative changes when you repeat something enough. Trump called his election win a landslide. The data shows anything but. He won key battleground states by 0-2% margins. And on top of it all, he lost the popular vote by nearly 3 million votes, or 2% of the total voting public. Ya. Trump really implementing strategy of some of the most brutal leaders in history with his smoke and mirrors that work so well on his diehard supporters. You really can fool some of the people all of the time.

You mean the cartoonist who correctly predicted a landslide win by Trump, one year before it happened? Landslide!? Lol... "Guy who predicted Trump" is like "Guy who predicted financial crisis". Just because they got one right doesn't make them fortune tellers and sure doesn't make their other views valid. But they do love harping on that one time they got it right.

He's got "masterstrokes" in the sense that he uses smoke and mirrors to deflect blame from himself. Case in point: saying that the chaos this weekend was due to "Delta airlines glitch" and not incompetence from his White House. The thing is that the only people he fools are his diehard supporters (i.e. The Dilbert cartoonist who thinks he has it all figured out) who reinforce the notion in their heads that he is a genius. There's definitely some of investing lessons that can be drawn from this when it comes to shady (usually penny stock) management and bagholders' blindness. The lies grow and powerfully allow management to manipulate those shareholders. Anyone who doesn't buy the lie is a traitorous "short" of course.

It's easy to walk away from a mess created while running a limited liability company, but the country not so much.

He had tons of executive experience running "successful" businesses though. He talked about how he's "always winning" and surrounds himself with the "best people" like Steve Bannon on the national security council (in lieu of the joint chiefs and director of intelligence). Who would've expected such an epic fail so soon!?

False equivalency. Obamacare is several orders of magnitude more complex than a temporary travel ban. Green card holders are legal permanent residents who have the right to be protected by all laws of the United States. Their inclusion in the ban is a symptom of ideological extremism and incompetence. President-ing is hard. Why didn't anybody warn Trump. *Sniff*

Oops, looks like our POTUS doesn't always "know how to win": White House walks back on green card portion of executive order (which was pushed by Steve Bannon). https://www.nytimes.com/2017/01/29/us/politics/white-house-official-in-reversal-says-green-card-holders-wont-be-barred.html This whole thing reeks of poor execution and underlying incompetence.

Disagree. The problem with America is not an inevitable decline, but a decline in certain domains (ie. manufacturing). We still dominate in many other areas (i.e. tech). Many people (particularly those in the middle of the country and the uneducated) were hurt by the shift away from manufacturing. The question is if those jobs can be brought back. We (like every other nation) will always have people who do not pursue higher education and there should be opportunities for them. The Germans seem to do a nice job with that. I personally would support moves by the current admin to bring those jobs back in some form (i.e. Tesla and SpaceX are great examples of American manuf brilliance and one reason why Trump seems to respect Elon Musk). The fear with the current administration is creating self-inflicted problems for the United States. An example is the immigration order which we know would have no real effect at stopping terrorism (and may make things worse), but is largely done for show to some of Trump's/Bannon's erratic base. What was the point of putting those 7 countries and excluding the Saudis? What was the point of excluding green card holders? Were they just the countries where Trump Hotels don't have branches? Such actions are just for show to the moronic base, but they harm America's standing and in the end will make us less safe, not more.

:D Remember, it was Obama who wanted to "take our rights away". LOL

A federal judge temporarily halted our moron-in-chief's executive order. Warning: POTUS butthurt meltdown imminent... Dude overplayed his hand. He had the ability to accomplish a lot of things early in his presidency as most Presidents do if they play their cards right. Most presidents start their terms by trying to unite the country behind them so they can accomplish key points in their agenda. He, however, has succeeded in bitterly uniting his opposition against him in just a week. He could've avoided this whole immigration issue by letting green card holders in while still halting refugees (this bit of nuance probably lost on him since he's not a details guy when it comes to policy, hence the title moron-in-chief). Guess this will be a wake up call to him that his powers can be checked. He could've instead tried to lower corporate taxes, bring back manuf jobs, etc etc but he goes down this stupid irrelevant path, now it won't be so easy...

Yes, the all powerful media is out to get you. Keep swallowing that White House propaganda + butthurt.