Deepdive

In Snowball, Alice mentions that Buffett is deathly afraid of dying, so Buffett pays a lot of attention to his health. Buffett has always stayed in good shape. I agree with others that Buffett has amazing discipline because if we all ate like him, we would not have the self-discipline to stop drinking that next can of Coke.

The results have varied for the Big Short guys. I think by definition for you to have outsized returns from that episode, you need to make a concentrated bet on something that was inherently a high probability bet. It takes a certain kind of personality to pull off that trade - John Paulson has struggled since 2009, Steve Eisman launched a fund and shut it down, the Cornwall guys seem to do well, Michael Burry seems to be doing well. It's a mixed bag.

No one has mentioned this but in bull markets the actual returns tend to do better than the expected returns. During 2013, seems like every thesis panned out. Sector rotation, sometimes certain sectors are in favor than other and sometimes the other way around. You may have the right thesis, but the sector performs badly. For event-driven names, if your event doesn't turn out as you predicted you're going to have different results. The management also plays a key role - i.e. if you find an undervalued company and the management team is willing to buy back shares, the results tend to surprise you on the upside.

I completely agree, you can consume these foods and be healthy, but Coke and McDonald's are definitely not the most nutritious foods.

If we're talking about weight, it's all about calories in versus calories out. You can eat 2,000 calories of unhealthy foods and gain/maintain/lose the same weight you would if you ate 2,000 calories of healthy foods. While on the scale you may be the same weight, your body will be a mess internally if you just drank coke and ate fast food, which is when nutrients such as protein, fiber, carbs, fats, cholesterol, sugar, etc. come into play.

I'm short long exposure. Holding cash

What 50 years in Real Estate Will Teach You - About an hour long

I recently ran into someone who works under her and she kindly stated that Holmes is not as perfect as the media makes her out to be.