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Everything posted by formthirteen
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Silver bullets and women, I don't know, maybe a werewolf-zombie apocalypse is coming? I better send an email to Peter Schiff and ask.
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Is Concentration a better strategy than Buy and Hold?
formthirteen replied to Viking's topic in General Discussion
Thanks for sharing the story. I hope you remember that you are living every investor's dream. Enjoy -
Sold for around 900 CAD. The position had become a bit too big for me to sleep well. FFH.TO is still my biggest position.
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I've too been trimming BAM and FFH the last couple of weeks. I should probably put the money to work in an index fund
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I Need a Laugh. Tell me a Joke. Keep em PC.
formthirteen replied to doughishere's topic in General Discussion
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I Need a Laugh. Tell me a Joke. Keep em PC.
formthirteen replied to doughishere's topic in General Discussion
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Yeah, this is probably the worst ChatGPT is going to be unless spammers figure out how to break it like they did with Google. This is the way:
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My predictions du jour: With the introduction of ChatGPT and other similar technologies, competition for the most talented workers in the top n% will intensify, while those in the bottom n% will likely continue to rely on government aid, as they do presently. The adoption of ChatGPT detection technology for fraud prevention is expected to create more millionaires than even ChatGPT itself. Due to its AI's capability to generate highly engaging content, $META is poised to become the world's largest company, surpassing even individual content creators. As trust in brands continues to grow, the most reputable ones will see a corresponding increase in their overall value. The incorporation of ChatGPT into fields like medicine, law, and engineering will result in fatalities. I'll pour myself another glass of whiskey.
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Yes, Brazilian Real. Socialism.
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WFC preferreds today and yesterday some of the regional banks I bought the same day
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I don't see how this crisis is solved yet, the bank run is not over. If the big banks are getting more deposits and the money is coming from the smaller banks, there will be more bankruptcies or perhaps the zombie banks will be merged with bigger banks? In either case, shareholders probably get nothing. Maybe someone can enlighten me on how this crisis will be solved and which banks are immune to this virus. This spreadsheet was circulating on Tweeter, I don't know how accurate it is: https://docs.google.com/spreadsheets/d/1dROQQuJmoLbrNgkM3ZYiuvVzj3dfRw2LESsIP7t5u5c/edit#gid=0
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Sold BANX to buy banks.
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I saw one cockroach bank failure, should I be worried?
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Moral philosophy transplanted from Disney thread
formthirteen replied to nafregnum's topic in General Discussion
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Who Do You Follow and What Are their Circle of Competence?
formthirteen replied to BG2008's topic in General Discussion
I follow Mr. Activity. He has his own link at the top of the page. Thank you Mr. Activity, and everyone else too. -
Weird, central planning, command economy, and communist economy does not work in practice? It's like capitalism actually works. Very weird, someone better tell the Russians (and Chinese, and Europeans, and some senators).
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I hope I'm interpreting the replies after my latest post correctly, it seems either dealraker, Gregmal, or CorpRaider is Michael B
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No misunderstanding. I wasn't clear that the question was retorical and directed at Michael Burry. I hope he's active on the forum Michael B, what's your current view on the market, I'm also guessing you're completely out of the market now that you have tweeted ”sell”? Your public portfolio's value in Q3 2022 was almost zero compared to, for example, Q2 2021. I'm looking forward to your reply. Thanks in advance. YOLO.
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Sell what? I don't know what Burry's pronouns are, but to me he's an M.D., trader, macro guy, and market timer. ”Sell” is incorrect advice, even if you identify with those pronouns. You need to know what to sell. Personally, I would sell terminally unprofitable shitcos. I have some QRTEP and PARAP which are up 25% and have a dividend of ~20%. I can consider selling them. Burry was almost completely out of the US stock market in Q3, 2021. From Q2 2020 until Q2 2021 he was heavily invested. During Q1 2022 something scared him enough that he exited the US stock market, probably the war in Ukraine. He's trying to time the market again, possibly shorting the market and/or in cash. Michael Burry is like a broken clock. His predictions will some day be correct again, nobody knows when but we will probably hear about it from the media.
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DPZ is eating itself. DVA, ELF.TO, lots of cannibals out there.
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Using the Nazi term is also a way of stopping some people from thinking. Basically the same tactic as calling someone H****r or a r****t. It works in politics, internet forums, special military operations, and everywhere by short circuiting the human brain. By the way, I think I have found the next Berkshire Hathaway. It's a penny stock, but don't let that fool you. I also know a couple of guys from Oxford who write like Warren Buffett and Charlie Munger and who invest all my money. I can introduce you to them. There's also this telecom company run by a cable-cowboy copycat in Latin America that blah, blah,
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Movies and TV shows (general recommendation thread)
formthirteen replied to Liberty's topic in General Discussion
Yes, definitely underrated. Candy is also underrated, IMO. -
Interesting cos Norway Denmark Finland Sweden
formthirteen replied to mt04's topic in General Discussion
Bredband2 i Skandinavien AB (publ) (BRE2.ST) AFAIK, third largest internet cable co in Sweden, low-capex business model (negative invested capital), 460 400 happy customers, 17% revenue CAGR 2008-2018, 24% of revenue from business customers, expanding portfolio (VPN, security, datacenters), pays dividend, P/E 17 Which companies do you find interesting?