DooDiligence

Seconded I'm tired of listening to old men scream at clouds...

If you search “neam” on this site, you’ll find a few threads with great info.

"Oscar Peterson: Keeping the Groove Alive" on Amazon Prime. Great guy. I never knew he was Canadian.

There s a good saying, "if it drives, flies, floats, or fucks, rent it"... That said, I totally agree with rkbabang as a boat owner. Expensive, but totally worth it. Buddy of mine says that BOAT stands for Bust Out Another Thousand! Get a used sailboat from the 70s or 80s. Someone else owned it through the steep part of the depreciation curve. They're the cigar butts of the boating world. If you really want to be frugal you can buy one for not much more than the scrap value of the lead keel. Of course then you need to learn how to sail. I bought a 2007 Sea-Doo Utopia jetboat. 20' bowrider with dual 155hp engines and the best part for lake boating: no prop to damage. Floats in just over a foot of water. The "prop damage" issue is one reason it might make sense to own rather than rent. I decided against renting a boat this summer when I checked the reviews for the only marina on the lake with rentals. A huge percentage of the reviews said they had been charged their full $1000 damage deposit for damaging the prop. I'm sure that happens with renters, but the frequency was such that either they have a gravel bar they don't mention right out front or they're scamming people. So we went go-karting instead. Another thing people don't think about is how quickly you can wear out the impeller in your outboards water pump, if you boat where the bottom is predominantly sandy. The range of tide in my area isn't huge but there are still a lot of spots that catch boaters with limited local knowledge and poor tidal awareness. You don't have to actually run aground to do damage to your water pump. Running along in shallow water & sniffing a sandy bottom with your prop will eat up the impeller. Not so bad if can change the impeller yourself (the parts are cheap), but be prepared to spend $500 +/- to have it done by a tech. Boats are great fun. Rent 1st and if you find yourself renting enough to warrant a purchase, go for it.

I'd echo the rental option. No clean up after a trip. No worries about maintenance. That said, if you rent a number of different hull types (deep v, flat bottom, cat hull, deck or pontoon) you'll discover what you like. I bought a 20' Godfrey Marine pontoon in 1994 & it is still in my boat lift. It's on it's second outboard now. I love my pontoon. The rectangular shape means no wasted space for maximum deck utilization. It's slow but I'm not in a hurry. It's stable & I've had it out in some rough weather. Inland only, I see no need to go offshore with it. If you want to go offshore, a pontoon is a poor choice. Other than that, I have 2 words of advice: fuel stabilizer. Let me add a few more words that will make your life easier: crank and run your engine every week in the off season and grease and actuate the steering too or it will freeze up.

This is great CoBF talk! it'd be nice to be able to browse through intelligent conversations without hearing a bunch of bullshit sniping for a change. The antagonistic ignorance always comes from the same quarters. I for one am sick of it & hope the admins clamp down hard soon.

I'm really looking forward to the new, politics free, CoBF. Stay confused, you'd be impossible to recognize otherwise.

I just read this on the Balance. www.thebalance.com/what-is-stagflation-3305964 I'm not informed enough to know if the conclusions the author draws are correct, particularly with regards to these statements: "The unusual conditions that created stagflation in the 1970s are unlikely to reoccur." "First, the Fed no longer practices stop-go monetary policies. Instead, it commits to a consistent direction. Second, the removal of the dollar from the gold standard was a once-in-a-lifetime event. Third, the wage-price controls that constrained supply wouldn't even be considered today." --- The article seems to provide enough citations to at least provoke intelligent dissenting opinions.

I've never posted or read anything in the politics section. If you do find a post there (and you will), the topic was moved into that insane asylum by admins. I have however, learned a lot by the many posts that I've drafted, but never uploaded to other sections of CoBF. 9 times out of 10 (random bullshit number) the draft gets abandoned. 10 times out of 10, I go further in researching an investment than I otherwise would have. I highly recommend this method. It forces you to think things through & then evaluate your thoughts. Random pithy comments notwithstanding.

What makes you think we get a 2000 style crash? Unless the Fed loses control of rates, or the Democrats break up FAAG, why would that happen? I said "might" and I also said we'll revisit this theory when we get there. ;) Mmmmm waffles No one can tell what happens in 4 months. Just like the weather, if you look outside the window, you can tell what's gonna happen in an hour but can you tell what's gonna happen in 2 weeks? Come on! And why does that even matter? Then why are you betting on it? I said clearly that I am expecting a pull back and then a really strong up move. After that, we "might" be forming a 2000 dot com top. I am currently betting on the market rally. Once it rallies, I'll revisit the dot com top theory and see if it is still the most likely case. Hope that clarifies. Yes. Now could you please pass the syrup?

What makes you think we get a 2000 style crash? Unless the Fed loses control of rates, or the Democrats break up FAAG, why would that happen? I said "might" and I also said we'll revisit this theory when we get there. ;) Mmmmm waffles

The one thing I know is that I don't thoroughly know many things & that I'm inclined to prattle and am trying to minimize the resulting twaddle. Excluding this post. --- Can't remember the last time I watched CNBC. Haven't used Twitter since 12 January 2020 at 0912 pm when they banned me for trolling someone. I just checked & the post is still up. I refuse to delete it. Grateful for the ban. (I occasionally click a link referenced here & will read the linked thread but that's it, no more hour long feed scrolling.) All of my equity investments have been leaps of faith which I had somewhat convinced myself I understood. Nope. The one investment that I've convinced myself I do know is my home. The location is excellent & it has prospects for a nice sale if I ever decide to give it up. The only hurdle I see in it is inflation vs valuation. I'm reading Walpola Rahula "What the Buddha Taught" & have been meditating for at least 20 minutes a day, for the past month now. It's a concerted effort to start seeing the truth of things. The silence is deafening (in a good way).

This link seems to be dead, or else you need a membership and they are not taking new members at the moment. Does anybody have access to this link? Is this it? https://moiglobal.com/henry-singleton-lessons/

Heinlein wrote a short story called Coventry that was presented at the end of Revolt in 2100. Everything was legal except that which caused harm to another. Humanity had advanced enough to handle this kind of society. I believe the story was simply intended to illustrate how many legal disputes are based on fictitious harm. The lead character punched someone in the nose for calling him a name. The judge deemed him guilty of assault & gave him the choice of either mental rehabilitation or expulsion from Coventry. He argued that the man had hurt him, but he was unable to prove physical harm. He refused rehab & was placed outside the gates & told that he was welcome back if he changed his mind. He started traveling the wide world outside Coventry & got waylaid multiple times by other expats. I won't spoil the rest of the story for anyone adventurous enough to take on a bit of obscure Heinlein societal satire. Revolt in 2100 is my absolute favorite dystopian story about theocracy. Canticle for Leibowitz (Miller) is a close second.

Because the radical left Democrats want to lock in more voters at such an early age. Republicans are kinda anti-LGBTQ so if the Democrats can turn a kid into LGBTQ type then they can lock in a life time voter for them. >:( That is nonsense. I just spent 2 years in Music Theory etc., with a young guy who was flamingly gay & a vocal Trump supporter. Another one claimed to be bisexual & was a bible thumping Trumper. Get your homophobic database straightened out. Did you ask them why? Of course there are always exceptions to the rules, but in general wouldn't you say that republicans are anti-LGBTQ and most LGBTQs vote for Democrates? I didn't ask them why. We didn't interact a whole lot other than time spent in class. I had a small group I studied with & these 2 weren't in it. I would say most republicans are manipulated by fear & most democrats are manipulated by hope. I'm trying to be more of an eightfold path kind of guy but am still susceptible to both.

Because the radical left Democrats want to lock in more voters at such an early age. Republicans are kinda anti-LGBTQ so if the Democrats can turn a kid into LGBTQ type then they can lock in a life time voter for them. >:( That is nonsense. I just spent 2 years in Music Theory etc., with a young guy who was flamingly gay & a vocal Trump supporter. Another one claimed to be bisexual & was a bible thumping Trumper. Get your homophobic database straightened out.

Same on mid-2013 13" MacBook Air. Recently upgraded to 1TB SSD & still going strong with Catalina. Battery just went over 1000 cycles but still holding up well. I got an OEM battery with less than 200 cycles on eBay.

I was actually being sarcastic (the internet flattens most jokes out) but since it produced this provocative take, my attempt at being an ass seems to have produced something potentially useful.

Whatever you do, don't send her to an all girl school.

You may not have intended that to be funny but it made me snort ;)

There probably should be somewhere for obsessed individuals to blast their opinions into an echo chamber and / or argue with others whose opinions disagree. Fortunately, there are plenty of these outlets & I think it would send a clear message if the new CoBF site had a link to "Politics" which sent the clicker to facebook, Twitter or Yahoo finance (does YF even exist any more? I'm too lazy to find out). If I can restrict my political rants to other outlets, it seems like other members should easily be able to do the same. Wouldn't it suck to know that you have less discipline than me?

That is from 1990. I'm looking for this one from 2020: https://www.amazon.co.uk/Civilized-modern-value-investing-Chinese/dp/7521712595 My bad.

www.ebay.com/itm/Moving-The-Mountain-My-Life-In-China-From-The-Cultural-Rev-by-Li-Lu-Hardback/383231045554?epid=5501172&hash=item593a59afb2:g:4YQAAOSwYSFepC8M and www.amazon.com/Moving-Mountain-Li-Lu-1990-06-07/dp/B01FGP6SI6/ref=pd_lpo_14_t_0/143-4111336-8716614?_encoding=UTF8&pd_rd_i=B01FGP6SI6&pd_rd_r=ee4c3e89-b644-4d19-bb38-5ba94e6a8e5e&pd_rd_w=64IO5&pd_rd_wg=qSDxQ&pf_rd_p=7b36d496-f366-4631-94d3-61b87b52511b&pf_rd_r=BQJ4DM0HDCVYBZ1B23DJ&psc=1&refRID=BQJ4DM0HDCVYBZ1B23DJ

You say you understand but the poster above didn't really explain it. Inventory went down, meaning it was sold and hence generated cash. The carrying value of the inventory would be expensed through COGS. The *total* cash flow generated from the sale is really the gross margin (from your income statement) plus the carrying value decrease (change in inventories). I thought the explanation was fine. Now do inventory write downs.

www.reuters.com/article/us-berkshire-buffett-buyback/warren-buffett-says-berkshire-could-buy-back-100-billion-stock-ft-idUSKCN1S12PA