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Voodooking

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  1. I use an ad-blocker on all sites I visit (and YouTube), so ads are no problem for me at all. I prefer the free model. As other users have stated, we need new blood and a reasonably low barrier to entry to encourage people to join, and sporadically return to, our site. I will mention though that I do not like the new site appearance nearly as much as the old one. It just seems cold, plain, with quite a lot of wasted space on the page. I do like the fact that each page contains more posts though, so I can just scroll instead of seeing a few posts, then having to click onto the next page. That's an improvement.
  2. Apple MacBook Pro (probably 16") I bought mine in 2012-ish (it's the first of the retina display ones) and it still works just as quickly as the day I bought it 8 years ago. NO Windows machine would do that. They are expensive, but when I had to use Windows laptops for work they would be quick at first, then bog down and be almost un-usable after 2 or 3 years. Not so with a Mac. I use it plugged into a Dell 34" widescreen monitor and DasKeyboard at home, and use it as a laptop when travelling. I love it. All the office software works on Mac now too, so no issues there. You might be able to save a decent amount by looking for a sealed, boxed one still in the cellophane on eBay. I do that with my iPhones too (value never dies!) Good luck
  3. What are people's views on the optimal / acceptable level of discount when searching for the above type of companies? I have in the past stuck to Graham's original margin of safety of 33% discount (or 66% NCAV), but can't help wondering if I'm leaving money on the table by not buying attractive stocks with a smaller level of discount? I've also recently had success buying undervalued stocks at 70%, 80% and 90%+ of NCAV, but I'm unsure if I am being greedy or bending the rules to the extreme and taking unnecessary risk. When Greenblatt did his famous Net Net study, he included two varying purchase levels: Up to 85% of NCAV, and up to 100% of NCAV. Both worked pretty well. I'm also aware of a study done where Net Net type stocks were bought at 145% of NCAV, and this too provided a good return. I don't know whether to concentrate on a bigger margin of safety or focus on the regression to mean characteristic and allow myself to diversify more and worry about the quantitative system overall rather than heavier concentration in the stocks exhibiting the biggest discounts?
  4. 1. RA Capital - Peter Kolchinsky 2. Baker Bros 3. Himalaya Capital - Li Lu
  5. I know that this is an alien concept to most of my friends, and they live month to month with little or no savings behind them. My in-laws and my siblings are completely confused by the concept that people who are not "rich" could pay for things without having a job. Many people seem to view the stock market as 'gambling' or a 'get rich quick' scam because they haven't had any interest in learning more about financial matters in general. I thought that there must be a few other people on this board who are in the same situation. How do you guys approach it?
  6. Tenneco close to Munger's purchase price. Anyone looking at it? Interesting idea. I just pulled up the long term stock chart on Tenneco and over the decades it probably traded at an average of $30 per share, give or take. However in 2001 it dropped to $1, and then rose back up to $30, then in 2009 it fell to $1 again, before rising to $60 at points, then over the last two or three years it has fallen to around $2 again. Have you looked at the valuation or fundamentals yet? I haven't had time to dig into it. Are the reasons that it's cheap this time different from the past couple of drops?
  7. If you haven’t read Tim Ferriss’ 4 Hour Work Week book, I’d recommend it. Covers a lot of this sort of stuff with practical examples.
  8. I bought some EHIC today. Interesting Merger Arb situation with 20% spread, due to close by the end of the month.
  9. It is Ajit's son who unfortunately suffers from these health issues... I heard him discuss it in an interview.
  10. Mary Buffett / David Clark's one is very simplified and mostly a regurgitation of what you could read in Buffett's letters / Security Analysis. But it is explained concisely and is short, so can be read in under an hour..,
  11. I was searching for 'required reading' lists from Oxford, Cambridge, Harvard and all the other Ivy League universities, when I came across this amazing tool. What a great idea to make this accessible to all the people who didn't have the opportunity to attend these institutions, it's nice to see things like this becoming available. :) You can search all the major institutions and get a breakdown of their most popular required reading, and also break it down with various other filters. If you want some background info, use this link: https://opensyllabusproject.org/ If you just want to get into the lists and search for institutions, subjects etc., this is the one for you: http://explorer.opensyllabusproject.org/
  12. Steve Jobs: The Exclusive Biography by Walter Isaacson The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance All three of them have made a difference to my outlook on life and investing.
  13. Buy a push-bike and invest the car money in BRK.B ;D
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