Gregmal

And people wonder why US trades at 25x….

LOL another Twitter winner.

I dont think thats whats going on though. Whats being highlighted is simply to combat the widespread and rampant "this is what Buffett is saying or doing" stuff thats often thrown out as an excuse for taking a position. First rule of investing isnt as Buffett says "dont lose money", its "think for yourself".

Things were so extreme and emotional in Spring 2020 that there was only one direction we could have gone, and that was up. It was so screamingly obvious then, almost as much as it is in hindsight. I know plenty of people even on this board who murdered it. Was one of those generational setups.

I think CPI reporting is total bullshit and not at all reflective of inflation, but its fairly consistent in terms of what youre gonna get from the gov.

It’s hilarious reading this in the context of how he just blatantly ignores that the current administration has been cooking the books with the jobs numbers….TDS alive and well.

Well, it’s also fair to point out, in light of the ease with which we appeal to authority regarding Buffett, that much like when “Buffett was really bearish” around May 2020….he also sold much of his AAPL….like 20-30% below todays prices. Clearly not a great move if we judge it marked to market.

Theoretically you should. I don’t go to many weddings and the ones I do it’s close friends and family so the check we drop is way more than Id recommend for some bs acquaintance type event.

I think it’s a bit of both and the delivery is important. Charging people to attend is bush league. But there’s an implicit understanding that if you attend you at least pay for your plate. Today’s day and age it’s basically $250 a person. That’s not just your meal being paid for; you’re in effect paying for your share of the celebratory event for the couple getting married. That’s a gift. If it’s close family you obviously do more. The shit I don’t like is the no kids notices. If you’re inviting me, you know I have kids, either invite us all, or don’t. If I don’t want to bring my kids, that’s my choice, not yours.

I would take as much time as possible with the warning that the first little bit is a total nightmare.

Haha deep down I feel like you really know how to party. We re trying to do 4 nights in Montreal. Wanna see a Habs game. Wanna do some fishing. Wanna do some Ville-Marie things. I’ll probably fund most of it. Just asking these kids to take off a Thursday/Friday but they’re the late 20s top 5%ers who are glued to their careers and afraid to say I’m out for a few days. Doctor, Dentist, and a couple biomedical wizards. I’ll easily be the dumbest one there.

Yea I’m planning a bachelor party for my little bro and already running into “can’t get off work” for a few days from multiple people…can’t imagine living under those conditions.

Deo I’ve owned for a bit already and both TAP and STZ just seem like low hurdles that are better than bonds. MGPI has been a no brainer short since $110 but now seems fairly attractive given the portfolio, inventory, and credibility in the bourbon space. It’s got hair, but can easily see one of these undisciplined large caps throwing a couple billion at it.

Ex LMWS cuz that’s kinda a different animal; short term putting the 3 sub communities together it’s Ward Creek. Ward Creek is probably something a builder would pay $90m or so for today given its very clearly defined and has about 1200 remaining homes to be sold. There’s two types of communities JOE runs and it’s finite stuff like Ward or Park Place and then in perpetuity stuff like LMWS, Origins, Windmark, etc where they basically can build forever around them. Those you have to use the same approach as you would to valuing Ward Creek as a starting point, and then extrapolate quite a bit. My opinion is that the most valuable MPC has yet to even be built and that’s Lake Powell.

Generally, yea. They’re done and paid for, it’s cash in the bank.