DooDiligence

So many options. All of them stand a chance of being good.

I recently got captured by Chopins prelude in e minor. It's a big departure from Bach or Rach but I find it irresistibly short and sweet. I turn it into a LoFi number with a groovebox. Seymour Bernstein can be a bit of a dick, but he plays Chopin well.

I thought it was hilarious too. Alas, they appear to be one hit wonders. I backtracked the YT channel, kinda hoping there would be a quick cover of Beatin' Around the Bush, but nope.

The previous 2 posts encapsulate everything Buffet / Bloomstran. Bloomstran has provided us all with some great perspectives. I could care less if its primary purpose was to market his services. There's a lot of self serving nimrods who give significantly less value. "We put the douche in fiduciary", does not apply to Bloomstran or Buffett. Buffett simply is, and I love the cash pile.

Hey, that's something new! /s

Re: JACK, we’ve heard a lot of announcements for multi-unit developments. Franchisee’s are given 18 months to get going. Should take maybe 10-12 weeks to build out and open a store once site selection is done. I’ll give them a q or 2 to put up some unit growth. Small slot machine position from last May. https://www.jackintheboxfranchising.com/blog/how-much-time-open-my-franchise

Maybe P & C risk gets shifted to the Waymos of the world?

I just watched Ted Lasso and there was a scene where they were talking with Roy about a relationship problem. He said he was unable to control his emotions and one of the guys said, “no problem, just let your emotions control you.” This was obviously the opposite of the solution. Good show. Bunch of hilarious wankers.

I should have added “while not being a tightwad.” There’s a well defined line between cheap and frugal.

Watch your pennies and the dollars will take care of themselves.

Most of my mistakes have been selling too soon. vs I’m just trying to catch a few swings in and out of businesses I wanna own.

Will this help them identify and retain low risk policies that they’ve been running off with higher renewal rates?

Dude’s a friggin gangster. You kinda expect to see him sporting a huge back tat and missing a pinky finger.

Edwards Lifesciences, Google and Hershey (in that order).

I never could get comfortable with PBR after watching them work. I made a small bet on Eike Batista thinking an upstart OGX could put a dent in PBR. I got Tubarăo tanked for my trouble. PBR seems to have done a good job of cleaning up operations. Congrats to longs. Nothing like a good car wash.

There’s a lot going on there. Lawyers, Guns and Money is my fav. That and Werewolves, of course. https://en.m.wikipedia.org/wiki/Roland_the_Headless_Thompson_Gunner

Sanofi just disappeared or what? https://medcitynews.com/2023/08/novo-nordisk-aims-to-succeed-where-sanofi-faltered-drugging-a-weight-loss-target/ https://inversago.com/en/2024/clinical-trial-updates-on-inv-202-and-inv-347/

I like this guys take. He talks about Buffett selling AAPL and the Yen carry trade. Doesn't he have long durations in Japan? https://youtu.be/3BcgnYlr9yQ?si=kIfG4R1oOTxUuYx4

Rebalancing seems like a buzz word for talking heads but it happens, just less frequently and usually more slowly, when you know what you own.

Oral surgery OTOH

Pat Dorsey "The Little Book That Builds Wealth" and "The Five Rules for Successful Stock Investing"

I just watched the first few episodes of the Partridge Family. In the 2nd episode, Shirley had a minor fender bender with the bus, which turned into a lawsuit (Colonel Potter shows up in a neck brace). Trial attorneys were characterized as "ambulance chasers" and their clients as "whiplash artists". This was a fairly accurate societal perception at the time. This episode came out in 1970, before the 1977 Bates vs State Bar of Arizona decision, which allowed lawyers to start advertising. Now they're respectable and openly solicit business for "slip and fall" cases while running a chorus of, "One call, that's all" and "We really are on this big truck". How's that for a switch in public sentiment? NTM the corresponding transfer of wealth. Higher premiums anyone? https://www.imdb.com/title/tt0670203/ A buddy of mine put Morris Bart's number down as his emergency contact when we applied at a LA marine transportation company (we both got hired).