DooDiligence

Thread... https://twitter.com/TidefallCapital/status/1403909032377790464?s=20

Zappa was a fascinating guy. I was never a huge fan of his avant garde style but the musicianship was top notch and he was definitely a master composer. I also have a great deal of admiration for his determination to do what he liked with total disregard for commercial success. The “no commercial potential” project did pretty well with ‘We’re Only in it for the Money” and “Lumpy Gravy”, etc. I’d love to be intelligent enough to successfully satirize the left & right like he did.

Free for Amazon Kindle. Haven’t read it yet. 4 stars & only one actual review available. “Behavioral finance presented in this book is the second-generation of behavioral finance. The first generation, starting in the early 1980s, largely accepted standard finance’s notion of people’s wants as “rational” wants—restricted to the utilitarian benefits of high returns and low risk. That first generation commonly described people as “irrational”—succumbing to cognitive and emotional errors and misled on their way to their rational wants. The second generation describes people as normal. It begins by acknowledging the full range of people’s normal wants and their benefits—utilitarian, expressive, and emotional—distinguishes normal wants from errors, and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants. People’s normal wants include financial security, nurturing children and families, gaining high social status, and staying true to values. People’s normal wants, even more than their cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency.” https://www.amazon.com/Behavioral-Finance-Generation-Meir-Statman-ebook/dp/B082DQSMXM/ref=msx_wsirn_v1_5/138-8833024-2003322?pd_rd_w=6PrKr&pf_rd_p=ad02864c-dd1c-47aa-98b9-1e72a1084f6a&pf_rd_r=GRZT942Y6XJZBBE3HRNH&pd_rd_r=39381a27-165a-41fe-82de-167bea481e59&pd_rd_wg=gNfKI&pd_rd_i=B082DQSMXM&psc=1

Who you jivin’ with that cosmic debris?

Does this pass the smell test? ---

The day I get out of prison, my own brother picks me up in a police car. --- The resemblance to this guy is uncanny

I think it may be time to bring out the nukes and just start over. --- Enron's tainted history and Skilling's role in its financial demise should not have a significant impact on Veld's ability to attract business, said Ed Hirs, an Energy Fellow and lecturer at the University of Houston. The bankruptcy caught many investors by surprise. The company claimed to have $100 billion in revenue the year before it collapsed. "I don't see it as a positive or negative," Hirs said, referring to Skilling's reputation. "To succeed, they have to compete with the established firms in the business." www.reuters.com/business/energy/ex-enron-ceo-taps-mckinsey-colleagues-energy-investment-venture-sources-2021-06-03/

The narrator calls all of that retail space, but I see entertainment. Nightclubs & restaurants & coffee shops, maybe even a peep show or 2 just to keep it NY. edit: It would be interesting to see a video revisit in a year or 2.

If the owner can sell this place, they could move to NW Florida & get a nice beachfront condo & have cash to spare. I like the late 50's - early 60's VW bug.

Fixer upper?

I agree. $1,400 is cheap. I’ll keep coverage. I’m the only person on my street who didn’t file a claim after Sally (last year). Most of the neighbors have new roofs now. If I dumped coverage, it would likely be the opposite this year. I’m ordinarily an outrageous optimist but…

I own the home outright. Does “self insure” simply mean don’t pay anyone for insurance? The umbrella would cover liability, yes? I just ran a report on quickbooks & I’ve paid out over $15k in premiums since 2013 for zero return. You may be on to something. OTOH, I’m generally a contrarian indicator and if I forgo a new policy, you can bet my roof will get torn off by a hurricane this year.

Agreed, it's still cheap even with the increase. When I built the home, I was surprised at how low the premium was when compared to neighbors. My complaint is that this cancelation is happening right as we enter storm season. It smacks of douchery. Does your parents home have a wind mitigation system for window & door protection? I get a "wind loss reduction credit" of $2254. www.kin.com/faq/whats-windstorm-mitigation

I should probably get a job.

Not at all. A lot of people are going through this process. Misery loves company.

Fear of exposure would tend to explain the irrational behavior of many of our national leaders.

I just bought a new beach towel & plan on averaging up tomorrow with a 12 pack of Red Stripe.

$1,425 for a home that Zillow values at $380K. No word on the flood policy, which is also with Windstream. I expected this years October renewal to have a significant increase. It’s insulting to get canceled going into storm season.

Did I not make a disclaimer?

I've never filed a claim & always paid promptly. It's my understanding that they are having financial difficulties, as are other insurers in the state. I've found a new policy through Frontline. The premium is about 50% higher. I'd actually been planning on a similar increase at the next renewal date. I'm still pissed that they can simply walk away from a contract like this.

I couldn't agree more.

I just got a notice that my homeowners policy will be canceled on 30 June. I've been with Windstream ever since I had my home built & always pay the balance in full as soon as the bill arrives. The policy was supposed to be good through October. Douchebags want to cancel right as we head into hurricane season, and apparently, they can. They're not the only ones doing this. www.insurancejournal.com/news/southeast/2021/05/12/613541.htm Should be interesting with all the new builds and the influx of new residents.

This thread adds zero value to any discussion regarding BRK, and this is coming from someone who knows how to add zero value to a discussion involving BRK.

Up to 2 week waiting period to look at your report. Caveman tech at Lexis Nexis.

I don't care cat.mp4 BTFDKitty