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Everything posted by DooDiligence
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A fascinating way to deal with N. Korea?
DooDiligence replied to DTEJD1997's topic in General Discussion
I would think that a large portion of N. Korean refugees would present a highly motivated work force (once they were deprogrammed & that would probably consist of a handful of decent meals & a few hours of watching “Boys over Flowers” or this https://www.youtube.com/watch?v=JSogXlkOAbk (give it at least 45 seconds to really get going...) -
Where are people in this forum from?
DooDiligence replied to beerbaron's topic in General Discussion
Glad you enjoyed your trip! Between the National Seashore & the beach mouse, developers can't get a lot of traction here (but it keeps the area quiet & pristine.) Gotta say, I find all your posts to be extremely astute & valuable (especially this one...) Keep a weather eye out & sand fleas catch Pompano! -
It reads like you are having a bad day today, DooDiligence. I hope that's not the case. In case, just do a bit charting of your NVO US ADRs today on your Mac, and you will likely feel better. Actually my day is going awesome with a Novo kicker to offset ESRX! Feeling financially sound enough to go ahead with my plan to turn the moon into a death star & yes, it will have hydrogen howitzers...
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Amazon has a lot of deals on kindle books today ranging from how to read a schematic to repairing 2 stroke engines & making Raspberry Pi projects. I picked up Electronic Gadgets for the Evil Genius (looking forward to building a hydrogen howitzer...)
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I noticed he bobbed his head a lot in the interview with his lawyers (subconsciously practicing for his new cellies?)
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Not the most crappy. You forgot boats. 8) and offshore drilling rigs...
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As much as I hate to say it, Cardboard is probably gonna have a good read on this...
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Content marketing at its finest! Looking forward to your new release...
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Anyone seeing Amazon stepping up to buy one of these guys? Wouldn't it be funny if Amazon started adding more & more B & M to their mix? (next stop FAST) Bricks are hard to break but easy enough to buy. (Just a flight of fancy with no factual basis for presentation...)
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Where are people in this forum from?
DooDiligence replied to beerbaron's topic in General Discussion
Perdido Key, FL -
Having an affinity for a particular product or service which solves problems for prospects & selling it with integrity makes for an unstoppable force. I believe that you need to ID yourself as a tangibles or intangibles type of person to make sure you're selling something you believe in (if you're a "things" person, you should be selling things & if you're an "ideas" person, then you should be selling less tangible items - like Scotty?) I sold jewelry for a while & was a miserable failure because I'm more of an ideas guy & I actually felt that the engagement ring biz was bogus (I should stop looking at Lucara Diamonds but damnit precious stones fascinate me even if I still think the biz is based on a fairy tale.) I just realized that I was trying to sell engagement rings & prob should've been selling love & commitment (would have required a move from B2B to B2C? nah, wouldn't have worked for me.) Following oddballs formula is a guarantee of success & helps remove the pain of rejection because you understand it's not a rejection of you (and if you're prospecting effectively, you'll have a lot more doors to knock confidently.)
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Thanks! I wonder how triple entry will affect companies like Robert Half which provides temp & ad hoc accounting & audit personnel? My skepticism for cryptocurrencies has blinded me to the opportunities in blockchain. I've frequently been blinded a by knee jerk, distaste for ideas based upon their most visible characteristics (unable to see the forest 4 one big ugly tree) (Blackberry & AIG come to mind...)
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IDK much about blockchain & this article doesn't add much to the discussion of crypto$ valuation but the Question raised by the author "Why do I want 2 remove the intermediary?" seems like it could be asked of other industries (and I'm interested in the comments of wayyyy more knowledgable posters here...) http://www.zkorman.com/blockchain.html BTW - I have no interest in trading crypto$ & instead, am interested in seeing if there are other applications for the tech beyond finance.
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Here is Warren Buffett’s first tax return, filed at age 14
DooDiligence replied to doughishere's topic in Berkshire Hathaway
He shorted ATT (no divs for that.) ----- "...he ran two paper routes and published a racing tip sheet called ''Stableboy Selections." He might have used a proxy to place bets & then classified his winnings as dividends? -
Here is Warren Buffett’s first tax return, filed at age 14
DooDiligence replied to doughishere's topic in Berkshire Hathaway
Avg wage in 1944 was $2400 & he was well on his way. Didn't he have some side hustles not reported here? -
Add to due diligence checklist: C-suite boots on the ground?
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Seems in denial re: Sears I absolutely knew he was going to say St. Joe when asked what he'd buy more of, if he could. He may redeem himself (all Flagler like) in NW FL. I love the area (haven't been over towards Destin / Apalachicola in a decade or more but I know the more rural beach communities are super nice!) Seritage could help in his redemption too. I'm not qualified to comment on Fannie & Freddie. Govt asked him - “Why are you the only guy who owns AIG & why do you own so much of it?” Now the world is asking “same Q re: Sears” --- “Just because I’m contrary doesn’t mean I’m right” “People have to agree with me or I look wrong for extended periods, until I look right again" (I rearranged his words but this was the gist...) “Keep things businesslike & be long term oriented.” “I eat my own cooking” Seems like a standup guy who may or may not be wrong sometimes. --- I wonder if BB knows how to relax?
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The problem is that humans and AI are judged using different standards. If human kills someone by accident it's OK'ish since you know it's human what can you do... If AI kills someone by accident, it's clearly broken, nefarious, and should be never used again. At least regulatory agencies subscribe to this fallacy less than regular people. Otherwise we would not have seen cruise control, autopilot or industrial robots at all. ::) Of course you are correct. Humans are not rational, which is just one more reason why they shouldn't be running things. When either a human or an AI makes a mistake you could say that it is in a way broken, but when a human makes a mistake (s)he might learn from that mistake, get better, and never do it again. When an AI makes a mistake, it might learn from the mistake and upload the new info to millions of other similar AIs who all learn from it and never make it again. AIs are superior in every way. Humans should never touch heavy machinery. I'm reading a fascinating book ("The Righteous Mind" by Jonathan Haidt) about how humans react emotionally to just about everything and use reason only later in an attempt to justify their emotional reaction. Reason is just a post hoc tool we use to explain what we already want to think. You could be that old blind guy with the super long soul patch on Kung Fu (.)
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Just buy Fairfax India
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Management looks pretty strong to me & I don't see this as anything other than a vigilant politician doing what he does. This is an important piece of infrastructure & questions regarding ownership should be asked by government leaders (they'd be remiss by NOT doing so.) However: http://www.bengaluruairport.com/ourBusiness/aboutBia.jspx?_afrLoop=519549602842127&_afrWindowMode=0&_adf.ctrl-state=195pv9apuw_329 VP Watsa is on the BOD. Does anyone have evidence of infighting or is this pretty much a hands off advisory dealio?
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Cognitive biases - the hindsight bias
DooDiligence replied to Cigarbutt's topic in General Discussion
I think this one could be the result of laziness or intellectual dishonesty or a combo of both. Hey, a gain is a gain, right? (don't look a gift horse in the mouth.) or Jeez, how could I have possibly seen that coming (just sweep it under the rug & move on.) I have been guilty of both (in the past...) but my feet are held to the fire by COBF & Twitter (mainly COBF because of the disgustingly high level of integrity displayed by members.) -
https://thedroneracingleague.com Just watched races on ESPN2 (yeehaw!)
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Grand Deja Vu? Techs tanked, BRK surged
DooDiligence replied to Valuehalla's topic in Berkshire Hathaway
Perfect description! -
Politico's scream about the artificially low interest rates but who among them is willing to cooperate with the fed to help raise them?
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Inshoring to MidWestern USA? CA & NYC vulnerable?
DooDiligence replied to DTEJD1997's topic in General Discussion
Detroit as an offshoring partner (the whole state seems like a nice crossroads.) -- Holy crap, Jack White started in Detroit... ...and then there's the Motor City Madman Whoa, welcome to my town High energy is all around tonight Whoa, you best beware Theres violence in the air tonight. Huh. Well, Detroit city, she's the place to be This mad dog towns gonna set you free https://patch.com/michigan/detroit/u-s-sen-ted-nugent-wango-tango-your-head-around -- (overall, it sounds like it could be a bargain basement compounder.) (you'll likely end up leaving a valuable real estate portfolio to your descendants!) Wang, dang