DooDiligence

Nice. This is one I've just started browsing. https://www.keyboardforums.com

Naturally, such kind of exchange of information is subject to all kinds of censorship here on CoBF. Don't get any ideas! - You stay here! I don't add much to financial discussions here (surprise), but I get a ton of value from reading all you guys, so I'll be hanging around for a while, and occasionally throwing my bent, f'ed up, 2 pennies in. I'm curious about what kind of music boards Liberty visits. Are there some good theoretical & practical discussions going on about popular music of the present & past (I'd find that super helpful & would be able to contribute bigly)?

Don't suppose you were on the Hollertronix board? I've always had a slight curiosity if there's any crossover between the music boards I hung out on, and here. What kind of discussion is going on at these music boards?

Seems like just losing pocket change in the sofa.

You can put size tags on it. img width=400 or something like that. Example here is a picture with width=400: here it is with no width tag: that guy has an honest face

But isn't life a series of compromises? Take for instance (there will be a link with goats and the environment :) ), Bernard Arnault. The products offered (and potential associated returns) make us dream...But isn't there a need to reconcile instinctual desires with down-to-earth realities? Anyways, I thought you'd appreciate the following link, which you may have missed and which explores some of the subtle intricacies of the wolf in the cashmere coat's personality. https://www.forbes.com/sites/susanadams/2019/10/31/the-100-billion-man-how-bernard-arnault-stitched-together-the-worlds-third-biggest-fortune-with-louis-vuitton-dior-and-77-other-brandsand-why-hes-not-done-yet/?utm_source=newsletter&utm_medium=email#7a5eff834efb "Arnault and ten LVMH brand chiefs took turns on a brightly lit stage reciting their commitments to environmental stewardship, their presentations interspersed with slickly produced videos of models strutting down catwalks and cashmere goats frolicking on the Mongolian steppes." (my bold) To keep a reasonable balance between pleasure and guilt and because of recent concerns raised on this Board which may have been hurt by videos showing models frolicking, I include here a link describing an uncomfortable environmental side effect. :) https://www.sciencemag.org/news/2019/01/exploding-demand-cashmere-wool-ruining-mongolia-s-grasslands Apparently some people have difficulty pronouncing the word "Vuitton". It sounds very bizarre at times especially in presidential mouths. Oh, let the sun beat down upon my face Stars fill my dream I'm a traveler of both time and space To be where I have been Sit with elders of the gentle race This world has seldom seen They talk of days for which they sit and wait All will be revealed Talk in song in tongues of lilting grace Sounds caress my ear There are not a word I heard could I relate Story was quite clear All I see turns to brown As the sun burns the ground And my eyes fill with sand As I scan this wasted land Try to find, try to find what I feel Oh, pilot of the storm who leaves no trace Like thoughts inside a dream Heed the path that led me to that place, yellow desert stream My Shangri-La beneath the summer moon, I will return again Sure as the dust that floats high in June, when movin' through Kashmir Oh, father of the four winds, fill my sails, across the sea of years With no provision but an open face, along the straits of fear. (the song was not even written in or about Kashmir, but the lyrics kind of fit.) --- Interesting that Arnault wanted to be a concert pianist. I watched his son play a Chopin concerto (skip to minute 3 if you want to get straight into the piano) He definitely has the articulation down, but he's all forte & mezzo forte, and lacks the nuance of a player who has world class dynamic control, like the chick in the next link. I say this as if I'd ever be able to play this piece even as well as Arnault (not.) --- edit: Before proclaiming his vision for his conglomerate, he catches himself. “In a way, I should not say that, because you may think I am pretentious,” he says. But then he lets loose: “[LVMH] is a French monument. Because it represents France all over the world. People know better the name of Louis Vuitton, Christian Dior, Dom Pérignon, Cheval Blanc, than anything else. Maybe they know also Napoleon? General de Gaulle? We think it’s important that this group, for the long term, is controlled by a French family.” [Jeez, pretentious much?] [And out of the entire universe, he chose Trump to do ribbon cuttings on 2 new stores?] [the king of garishness & heir apparent to the role of Louis XVI] :o [[[Really?]]]

Don't u laff as stonks go hi, 4 urs may b the next to die. Ur stonks crawl up, ur stonks crawl down. Ur stonks play pinochle, while u frown. They eat your eyes, they eat your nose. They eat the jelly, between your toes. --- Happy Halloween ;) Trump or Treat :-X

The website says a new edition is coming. https://www.thejoysofcompounding.com

Finally, my role here is acknowledged. ;D

Very easy. It requires the purchase & installation of an SSL certificate. I'd contribute to the minuscule cost. https://www.simplemachines.org/community/index.php?topic=555034.0

Why counterintuitive? I would say California has its own specific idiosyncrasies but, on its own, would rank as the fifth economic power in the world and will be at the forefront of the evolving dynamics between centralized and distributed energy. PG&E has a long history, is a major player and is running into difficulties that could be considered temporary and fixable with an outcome that can be influenced by a credible partner with a long term view and deep pockets. Longinvestor and wabuffo (in another thread today) rightly suggested that bankruptcy proceedings are not a natural fit and the Oncor experience was likely a learning experience: after tracing a road map and a valuation baseline, a 'winner' comes from nowhere near the finish line and the breakup fee evaporates. Perhaps a way to win the race here is to make a surprise attack and create a winning gap by proposing (somehow) a solution that the California Public Utility Commission determines to be the only acceptable option (some kind of pre-packaged overall deal), making the emergence decision easier. https://www.caiso.com/Documents/StudyBenefits-PacifiCorp-ISOIntegration.pdf https://www.dallasnews.com/business/energy/2017/08/24/warren-buffett-not-only-was-outbid-for-oncor-but-also-lost-270-million-breakup-fee/ By counterintuitive, I mean, not a business I believe BRK would be interested in because it looks so ugly. What I call intuition is probably just a cognitive bias of some sort. --- edit: a little Zen can go a long ways towards improving quality of life & investment results.

I don't have a problem with the burnable business as the dangers are known (like you said). My problem with MO is their decision to extend themselves into the vaping business. I'm probably wrong about the negative outcomes that I believe will result. TBF, they survived cig litigation & resulting payouts, & still maintained massive FCF, so this may be a business that any idiot could run. RK, I hope you didn't take my response the wrong way. (Online posts can be easily misinterpreted.) My reference to "any idiot" referred to Howard A. Willard III. I strongly believe that the health risks of vaping are going to be as obvious, in hindsight, as the risks are now to cigs. I also believe that at $40ish, you'll make money. Not a long term hold for me any more though, and I'll dump MO if it gets into the high $60's & never look back. That said, I don't know if you've seen this guys posts but he makes a good case for owning Altria, https://twitter.com/SuperMugatu/status/1179871479628009485?s=20

:o IDK, airlines kill people by accident, occasionally, but Altria does it on purpose every day. --- I still think Bucees would be a nice little purchase that could be expanded on. The one that just opened at the Baldwin Beach Express, near Loxley, AL, is huge. They prohibit 18 wheelers & they're mobbed up every time I've stopped in. https://www.buc-ees.com/index.php --- Too bad he didn't get WhatABurger. I never see discount coupons for them. They don't need to run specials. https://www.nytimes.com/2019/06/20/us/texas-whataburger-chicago.html https://fortune.com/2014/12/29/byron-trott-billionaires-banker/ Correction: Altria provides the substances needed for people who choose to kill themselves to do so everyday. It might seem like a small distinction, but it makes all of the difference. Anyone can choose to not be in danger of being killed by Altria. (I recently bought MO at $40.) It amazes me that WFC is under so much pressure from legislators for opening some checking accounts with 0 balances, yet cigarettes companies selling an addictive product that kills people are allowed to exist. (Also bought MO at 40 and doubled at 43. But is still trying to convince my conscience that I shall double again my holdings) Whatever the distant past was like, everyone knows what the deal is with tobacco today. No one is buying it and using it thinking that it is healthy. That's why I have no problem owning it. Also they should leave WFC (which I also own) alone. I don't have a problem with the burnable business as the dangers are known (like you said). My problem with MO is their decision to extend themselves into the vaping business. I'm probably wrong about the negative outcomes that I believe will result. TBF, they survived cig litigation & resulting payouts, & still maintained massive FCF, so this may be a business that any idiot could run.

Thanks to cigarbutt for bringing up this completely counterintuitive idea. Scenarios like this, even if they don't happen, can teach how to use 2nd level thinking. Wouldn't it be a stroke if they did this & got the Applied Underwriters deal OK'd in the process?

Breeding stock, and Omaha steak / stonk.

Keith Moon & John Bonham are most definitely very, very skilled drummers, but my vote has got to be for Neil Peart. As for investing, what percentage of the general population was selling stocks at or near the lows of 2008/2009? I had several associates who would tell me that they were down 40%, and now was the time to be getting out! They were going to take their lumps and get out.... What really has me spooked is that some of these same people are now looking to get back in the market. Speaking of great drummers, we just lost one, Ginger Baker. https://www.npr.org/2019/10/06/765781758/ginger-baker-cream-drummer-and-force-of-nature-dies-at-80 Dude was a human metronome & absolutely nuts. RIP Sunday night I am going to see The Who, well half The Who, at the Hollywood Bowl. Zak Starkey, Ringo's son, will be playing the part of Keith Moon. That is if Roger Daltry's voice recovers. He had to quit midway through their show in Houston on Sept 25 and then canceled a couple of shows. Their next scheduled shows are Oct 11 & 13 at the Hollywood Bowl. Nice! It was awesome! Zak Starkey is a great drummer. Zak was a protege of Keith Moon. I need to move to a major metropolitan city. --- I've been watching a lot of documentaries about musicians lately & some notable ones have been: Bad Company, "Bad Company" https://www.amazon.com/Bad-Company-Paul-Rodgers/dp/B075ST4NQ6/ref=sr_1_1?keywords=bad+company+documentary&qid=1571090202&sr=8-1 --- Johnny Winter, "Down & Dirty" https://www.amazon.com/Johnny-Winter-Down-Dirty/dp/B07WHG3C3Z/ref=sr_1_1?keywords=Johnny+Winter+documentary&qid=1571090303&sr=8-1 --- David Bowie, "The Man Who Changed the World" https://www.amazon.com/Bowie-Man-Who-Changed-World/dp/B01KV3DZUM/ref=tmm_aiv_swatch_1?_encoding=UTF8&qid=1571090367&sr=8-1 This one got a few bad reviews based on the fact that they didn't get licensing to play a lot of his tunes during the documentary, but I found it to be well worth watching. He was such an iconic & revolutionary artist & thinker. Bowie on change, “Next Thursday won't be like last Thursday, but I'd miss it just the same if it didn't happen.”

Agreed. Two others that i appreciate readings posts from are John Hjorth (thoughtful, respectful) and spekulatius (ideas and logic). Yep & yep.

Bump http://www.cornerofberkshireandfairfax.ca/forum/berkshire-hathaway/sorry-warren!-another-year-of-dragging-ass/msg293189/#msg293189

^^^^^ Yep, yep & yep. It's like trying to pick your favorite guitarist. Impossible.

Yep, and Cigarbutt. I find their posts to be accessible for someone with my constrained finance knowledge. Both are thoughtful & reasonable, which provides a counterbalance to my off the cuff, semi-reasonable, hot takes. There's quite a few others that I find very helpful but I don't want this to turn into a page & a half response.

They should all call Howard Willard. :-\

Buy real estate in a crappy location & become a slum lord or pay your fair share of taxes. Decisions, decisions. Seeing as to qualify for the OZ tax relief, you have to spend a pretty big portion of the basis on improvement costs, you seem to misunderstand what 'slum lord' actually means. You may be right. It just smacks of a property that's been depreciated to shelter revenue & then gets swapped into another property to further avoid taxes. Minimal improvements get made & the cycle continues with jacked up rents from the new landlord. IMO, this is exactly the kind of nonsense that brings whack jobs like Bernie Sanders to prominence. I could be wrong but we don't know since the full story isn't available.

Buy real estate in a crappy location & become a slum lord or pay your fair share of taxes. Decisions, decisions.

Thinking Goethe thoughts. https://fs.blog/2019/10/the-best-of-goethes-aphorisms/

Do you think the price improvements will go away & they'll start selling order flow? https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/press-release/Fidelity-Price-Improvement-Guide-Media-Advisory_02192019.pdf