DooDiligence

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

Very Impressive DooDiligence. Congrats on finishing your 4th semester. Is the learning experience different at 58 vs 18? Why do you recommend taking a graded class vs just reading about subjects? Thanks. Now the real learning starts with practical application. It's hard to compare the experience at 58 to the one at 18 because at 18 I was a drunken, pot head who slept in class a lot. Going back to school was 1st & foremost about the music & secondly, a do-over of high school without the altered state and raging hormones. I recommended graded classes because it really puts you under the gun. This might not be necessary for everyone but I never would've studied this material as thoroughly as I did if there hadn't been a bunch of instructors breathing down my neck. It also engrained a lot of academic discipline.

Agreed on all points. Moderation in all things except practical skills. As most here know, I finished my 4th semester as a music major last May at the age of 58. I got A's in every class except for a B+ in Classical Guitar & Math for Liberal Arts. It was friggin' hard. As to the "use it or lose it" aspect, for the past month I've been going through Benward Volume 1 (Music Theory) & the accompanying workbook from page 1 & doing all the unfinished exercises (many weren't assigned & I was harried as hell so I didn't do them). I'm also playing all the excerpt & examples, which I largely skipped before. The material is way more understandable now & my sight reading, transposition & improv skills are improving bigly as a result. I highly recommend continuing to study as you age. Put yourself under the gun in a graded environment & then review the original material & put it to use. It should be a subject that interests you heavily. For many people this may include learning a foreign language & then spending time in the country(s) where it's spoken. You've lived long & are successful, enjoy life & a healthy intellect even as your body slows down.

Eddie Van Halen died today after a long battle with throat cancer. He didn't invent finger tapping but he sure did put it on the map. I saw them on their debut tour with Black Sabbath in 1978 & when Van Halen left the stage I remember thinking Sabbath was going to have a tough time following their performance.

I signed up for Netflix this month & watched this show. It rings very true & it's unfortunate that the people who need to see it most won't give it a glance. The NYT writeup by minesafetydisclosures bodes well for journalism. I just signed up for a subscription. Media by consent gets a finger in the eye. Journalists thumb their noses at advertisers. Who knew there was a market for truth? Hopefully this trend will gain traction.

If you're just wanting to keep your shares from being loaned out you can place a sell order with a price that's significantly above current bids & I believe this will make them unavailable for loan. Someone correct me if I'm wrong on this.