DooDiligence

How about a stockpile of Yen. JPY.USD is up 3%. Hooray for yen! I have a yen for Chinese food (wait that's the renminbi...) Now I'm confused. Hey isn't that Seema Modi one hot number?!?

It's been years since I had CNBC or BNN (Canadian) on at all. But that right there is reason enough to watch it on mute. ;D I work offshore & towards the end of a hitch I catch a little entertainment via TV (CNBC amuses me & Seema Mody is smokin') I don't put it on mute because I like to pretend she's actually talking to me. A mariners life can be lonely for long stretches... The idea behind this thread was to try & divert all the political roid rage to something more appealing because let's face it, no matter what happens in politics, we're all gonna continue getting laid (notice how I cleverly said "laid" instead of F-ed?) (Alas, you've all seen through my plan & chosen anger over breastesses...)

Pretty insulting comment you've made there. If you're involved in manufacturing in America's rustbelt, you have probably lost your job or seen a decline in benefits and wages. You've watched the hollowing out of America's manufacturing base by successive generations of Republican and Democrat governments over the past few decades. This free trade, lassiez faire doctrine has been economic mantra since the days of Reagan. Sure, you've seen the benefits of cheap imported goods, but the devastation reaped on middle America has hit the rustbelt hard. When you look at living standards, particularly in the rust belt, they've gone nowhere since the financial crash. As a corollary, you see corporations and the 1% growing fatter and fatter off the inflated assets prices driven by QE. Is it any wonder people are fed up with the disparity in wealth that has only widened through Democratic government? The first person who has drawn a line in the sand and said enough is enough has been Donald Trump. You can debate the merits of free market economics or protectionism if you want. The reality for the electorate is that if they're suffering, they won't care. They just want someone to come in and improve their lot. Therefore, I think to label struggling people as "jackasses" shows an incredible lack of hubris. Whether you're in Europe or the US, people on this forum who manage capital (whether their own or others) have seen huge benefits from economic/monetary policies of the last decade. We should be pragmatic enough to realise that we live in a democratic system, and we can't simply continue to reap a windfall while others out there are suffering. For the record, I am not suggesting that Trump is the man who can help make change for middle America. I think he is just a reaction to a Democratic party that has completely lost its way, a party that should never have gotten into bed with the big investment banks, hedge funds, etc. To suggest that more than half the US population (who elected Trump) is struggling is ludicrous... Basically a whole lot of sheep were told they weren't prosperous & they believed it because we are, after all, entitled to more!!!

...and remember folks; if you can't forecast well, forecast often!

Just goes to show that hatred & divisiveness are truly alive & well in the good old USA (you'd think being fat, dumb & happy would make us all, well, happy but apparently not...) The sheep have spoken & now they'll graze where they're told. On a positive note; I am loaded down with cash!

And yet Trump succeded with that very strategy (of course you COULD say he reached out but that would be a stretch...)

Awwwww c'mon - she's really the ONLY reason I ever watch CNBC...

In the interest of yanking the forum back towards value, I thought I'd bring this up!

I don't believe he's intelligent enough to navigate the landscape. Nor is he humble enough to surround himself with those who are. I predict more golf courses with seriously discounted values on city/county tax rolls...

Blessed are they who have a stockpile of cash!

That's a dubious assumption from someone who just returned from Vegas & relies on Value Line. A quick read of Warren Buffets Ground Rules & then a long study of Graham & Dodd might change your opinion on some of the ideas here. H DooDiligence, Perhaps I should of phrased it as some are gambling. There are all types of investors and speculators. You can dig into what Buffett, Munger and Graham have said about gambling/speculating in the stock market. I'm currently reading Graham & Dodd & am actually on that exact chapter. Sorry if my post was a bit, well, dickish...

Hopefully this is just symptomatic of all the angst & anger that's been getting spewed on the US presidential election thread (it's starting to resemble the Yahoo Finance forums.) Personally I wish it would all disappear tomorrow & everyone can go back to being rational & restrained...

Thanks (I hope you meant it Doo......) So back to the original topic, yesterday's 2-3% rise in the US market shows how the market is deeply worried about the choice of prez.... I am not saying the market is all-knowing or that it is pricing the market efficiently. But investors are telling you what they think with their actions........ Absolutely (on both counts!)

That's a dubious assumption from someone who just returned from Vegas & relies on Value Line. A quick read of Warren Buffets Ground Rules & then a long study of Graham & Dodd might change your opinion on some of the ideas here.

Turns out we do have something in common...

My first comment was in regards to hybrid investing (didn't even watch the other vidi & could care less about your mindless rant.) I've been avoiding the Presidential thread for this very reason (or rather; lack of reason...) You guys would probably enjoy the Yahoo Finance forums a lot more (plenty of derailed threads there.) Hack away; you'll get no further response from me. Oh & thanks for the original post ValueBull!

Ahem...

I watch her show regularly too. Always varied & interesting!

Could you provide some names of the small PBM's? From what I can read, in some circles PBMs have a bad name, but I can't really put my finger on it why this would be justified. I've seen how my Mom got PO'd when Express Scripts dropped a drug from their formulary & refused to provide it for her (this was a year or more ago & I can't remember the drug but it was some kind of antibiotic - she has a stoma with a gastro pouch that gets infected periodically.) They didn't even inform her of a substitute (just a "nope" can't have that any more.) I did some research & we got her Dr. to prescribe a substitute but I found it kind of odd/distressing that they didn't seem to care about outcomes or patient engagement even though their literature says they do. Long customer service waits/runaround won't endear you to them either...

May I come out of the corner now?!? (I promise to be good from now on...)

The pleasure of working with permanent capital - from very patient, long term investors. You meet in at the office, every day, stating to your secretary: "No calls to me today about WFC, please - thanks!". WEB has plausible deniability when things go bad (disclaimer: I don't believe this was by design.) From a May 2014 New York Times article: "By the standards of the rest of the world, we overtrust. So far it has worked very well for us. Some would see it as weakness.” I doubt Buffet is an Ayn Rand fan like Greenspan was (he overtrusted management too) although in WEB's case I tend to believe that it's because he's basically an honest guy whereas Greenspan was just deluded...

The story of Morey Fry (Uber Consumer) is not only an entertaining read... Written by Frederik Pohl; this book may be "just" scifi, but I found it to be a wonderfully cynical view on consumerism. While the postulate of an "unlimited source of power" was the prime catalyst in the book; I look at the parallel between advances in technology & robotics in the book & in our times, coupled with consumer led economies & have to wonder how sustainable all this is. (the following is an excerpt from Wikipedia because I'm too lazy to write a synopsis myself.) The lower-class "poor" must spend their lives in frantic consumption, trying to keep up with the robots' extravagant production, while the upper-class "rich" can live lives of simplicity. Property crime is nonexistent and the government Ration Board enforces the use of ration stamps to ensure that everyone consumes their quotas. The story deals with Morey Fry, who marries a woman from a higher-class family. Raised in a home with only five rooms she is unused to a life of forced consumption in their mansion of 26 rooms, nine automobiles and five robots, causing arguments. Trained as an engineer, Morey modifies his robots to enjoy helping to consume his family's quota. He fears punishment when his idea is discovered, but the Ration Board—which has been looking for a way to abolish itself—quickly implements Morey's idea across the world. ----- In the midst of all our heavy reading we need a little thought provoking entertainment (kind of kills two birds with one stone...) (Not that I'm advocating killing birds or getting stoned)

Lafittes Blacksmith Shop for an awesome intimate Hurricane!

Wow & those 2 guys made almost as much as Jain. WEB praises him in nearly every letter & never mentions them. Guess we know why no praise (wonder if there's a clawback?)

Yes, most of us knew he was originally a Pepsi drinker. But the disclaimer is in the fine print when you sign up. Right below, Thou shall not speak ill of Buffett, Munger, Watsa, Pabrai or Chou and above Thou shall not get sucked in to political discussions even if it involves Under Armour or Nike. ;D Mos def! I learned my lesson on that one...