Gregmal

Yea, basically. It is what it is. It’s funny seeing how many people I know personally here are good and we jest(yea even the liberal ones!), and then these randos come in trying to pick fights and I’m just like….meh

Yes. Twofold. I’ve been fortunate investing and compounding but also through working in financial advisory where this skill/luck could apread its tentacles. I got off the mat from not having a penny to my name as I was on my own since 17(cough, not having a 4 term politician father with a side hustle investment biz that handed me a job after university!). I was being somewhat facetious in response as my buddy @Mephistopheles acknowledged the thread started in jest as he drunkenly shitposted, but my main point was, especially in certain businesses like financials, it’s not hard to make money if that’s your only prerogative in life. Formula is actually simple, kill it in your 20s building AUM with performance similar to what is commonplace here(see annual returns thread), market well, scale, and profit share. $100m by 40(which I’m not even yet but somehow fuckeye mistook for my networth) really isn’t that hard based purely on math. And to further clarify, this takes nothing away from WEB status as GOAT as far as investing goes. It’s just life priorities. I always wanted a nice house, car, boat and family. Check those boxes and I’m out.

Name calling? Ouch!

Lmfao sure pal….no one was even talking to you but jump in again to nitpick something I have to say; to the rescue of your idol! You’ve got this weird obsession with me sometimes….dudes and their male idols….shrug

Followed a bunch. Haven’t owned many. Just seems the returns over the past decade or so with these consistently surprises to the downside. SRG to NYRT with a bunch in between. Just easier ways to make money imo. Currently own GYRO which I doubt I’ll lose money on but it’s also requiring tying up money for longer than I typically like. My guess is all the algos and computer trading quickly eliminate any inefficiencies, at least faster than what occurred 40-50 years ago.

Soooo your feelings got hurt cuz I made a comment that was in no way directed at you, and really had nothing at all to do with you, other than criticizing the worship of your idol?(a comment you admitted, and claimed Buffett even admitted was true, only to later claim the comment was “bs”). So sorry!

Aaaaaand, NJ politicians raising the "gas tax" 9% for 2026......liberal talking point...."gas isnt abnormally expensive in NJ so it's OK".....conventional wisdom, like the gold standard of incompetence in California, gas prices would be much lower if there wasnt such a major component of "government pickpocketing" attached to them.

Also I'd imagine 3 straight years of "cash being king" in terms of some of the "best ideas". As time goes on, it continues to amaze me just how awful holding cash is.

Isnt it weird when people blindly worship complete strangers(feel free to correct me if I'm wrong on this) or fail to distinguish obvious traits and differentiate? One can be the greatest of all time at one thing, and not so good at another. That seems to get lost on people at times....

I mean I’ve brought it up before but you ask them what they stand for….and you literally can’t get a straight answer. The only thing they seem to stand for is “against Donald Trump”….they wail about Trumps “tax cuts for the wealthy”….but in true stupid liberal fashion…who is REFUSING to honor the “no tax on tips” tax change that universally benefits normal people? The usual suspects…California, Illinois, New York…

It’s absolutely hysterical. After crusading against Musk and DOGE earlier in the year, this perfect representation of California then takes up an obsession with child porn, only to re emerge with a brilliant new plan; a wealth tax, and….wait for it….DOGE(just called something different of course!) But don’t worry, capital isn’t fleeing California we’ve been told. It’s all a hoax!

You cant make this shit up...now this worthless dipshit wants DOGE......as long as it means taking more money from people! https://www.cnbc.com/2025/12/30/ro-khanna-calls-for-fraud-probe-after-california-wealth-tax-firestorm.html

Hold on! #whataboutism???

Sure, and god bless him. Investing is a means to an end for me. I don’t respect people whose purpose is “more” financially. More is achieved through the lives you positively influence. For me that’s my wife, kids, friends and extended family. If my purpose was purely financially I probably would be worth $100m+ by 40. The cost would’ve been missing things too dear to me in terms of life experiences.

Blessing in disguise though. You need guys like Shapiro and DeSantis staying home and doing their thing locally. Gotta protect the few remaining places where normal people can thrive. If I didn’t move to FL, I’d either be in the Carolinas or Pennsylvania.

See what I don’t understand, is that whenever stuff like this comes up, there is always a very large faction of folks and particularly the media whom try to push the perpetrators to the side, undermine efforts to villainize the perpetrators, even excusing their conduct, and making it more about the people whom find this sort of thing appalling. It’s amusing as hell watching the Minnesota politicians and government agencies more or less colluding with some of these criminals to try and explain their way out of this thing… Tim Walz has to be one of the biggest laughingstocks we ve ever seen, and yet, there’s outfits wanting to point the finger here at things that have nothing to do with the Somali fraud. In a way it’s very similar to the whole episode at Michigan where the head coach is criminally charged for some wild and dangerous behavior, and then it’s revealed he was out there trying to fuck anything and everything that he could(while employed at a school!), and you have folks saying there’s only an issue for some with his behavior cuz he’s black lmfao….

Yup, thats why they got so bent out of shape. He was honing in on a big one and their only play call was the typical "lets smear him through our allies in MSM".....

lol the crime issue is almost purely numerical. Shouldn’t be anything political. Pure numbers tell you who and where. At least as far as the substantial majority of it goes.

I mean “fixing” the crime issue in the states is one giant hoax. There’s specific statistics you can easily pull up that gives you the profile of the substantial majority of it. Theres plenty of neighborhoods with next to no violent crime. Or when there is crime, it’s from folks whom come from out of town. The old broken windows and stop and frisk stuff worked, and now you’ve also seen how cashless bail and all that junk doesn’t.

Well to be fair, one typically steps back to spend more time with family/children, pursue hobbies, do volunteer work, etc.... Buffett was never really interested in any of that stuff.

I think it’s just a matter of consistency really. Something like MSGE spent a few years just rangebound due to immaterial drama and selling $30-35 puts 1-3 months out and just rolling worked wonders for me. Occasionally when the stock would approach $30 you could hit up the $25s. Same with the JOE $35-50 puts. You don’t need a huge position. Say 2,000 shares and the stocks at $50, you can reliably roll a pyramid of say 1 $50, 2 $45 and 3 $40s with the closest strike being the shortest duration. This represents a modest 30% add to the original position if all are assigned. But rolling this all else equal should create an additional $2500+ in income off a 2,000 share base. But in no long term situation is the valuation sustainable that low, so the options are, happily take and hold the stock and just adjust and roll more puts, or take em and trade em/sell calls against them. I guess the main thing is being confident in your valuation work. Someone always wanders in a goes “anything can happen”…sure, with that attitude you should just never invest at all. But investing is about calculated risks and if I can rationalize taking more stock or adding 30/50/100% to MSGE at 1/6 of its replacement cost or 5x AOI I’ll take that risk every day. That all this strategy so doing and I’m getting paid well to do it. The work on my part is understanding something I already understand and then pushing buttons.

Yea this seems wildly over complicated, unnecessarily. Mainly because it’s “theory” vs “reality” in terms of a lot of the nuances.

I view it as writing insurance to people whom are scared or something…I learned this because early on I always wondered why it was so hard making money buying OTM puts. Eventually I just inverted that and its become a hugely profitable aspect of my investment approach. Was reviewing ytd trades last week and even now going back a few years, it’s money in the bank 90-95% of the time and even when you get assigned, it’s fairly common to be able to flip the position profitably shortly there after. I wouldnt get too caught up in all the technical bullshit or nitpicking on everything that can go wrong. Worst case you’re committing to buy an exact amount of stock a at specific price. If you’re not comfortable doing that, don’t do it lol. Simple enough.

Yea it’s a good point actually. The people whom have non stop been “warning us” about the “Russia threat” being “imminent” basically in perpetuity, you ask them how have they’ve been preparing from a military basis; the answer? By doing nuffin lmfao