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DooDiligence

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Everything posted by DooDiligence

  1. My next 6 month policy with GEICO went up about $150., which wouldn't be so bad but Progressive offered a policy that was $150 cheaper than GEICO before the increase, for virtually the same coverage limits. GEICO deductible was $500 and Progressive is $750. Increasing the GEICO deductible to $1000 provided a laughably small decrease. I'm now a Progressive customer. I had used the GEICO app and enrolled in the DriveEasy program with a score of 98 out of 100 (no hard braking, good cornering and minimal distracted driving). I'm now signed up with Progressive's Snapshot app based driver monitoring program. I'll have to wait a week or so to see how the app presents data. This does not bode well for GEICO in the near term. Could be bad for Progressive if they're underpricing.
  2. Wrong answers only. I didn't want to muck up the Berkshire category (again), so here it goes.
  3. My big takeaway is don't watch CNBC, ever. Quality television finance bros died with Paul Kangas and Louis Rukeyser.
  4. Marmon runs a pretty wide range of businesses that could get unwieldy with a single management team calling the shots. Reading through the website indicates that they run a decentralized management system with autonomous teams for the various business segments. Kind of like a Berkshire within a Berkshire. True or false?
  5. I've been largely avoiding the news. I see things haven't changed much.
  6. I saw an old Rodney Dangerfield bit the other day where he was poking fun at hippies. "You can't tell the boys from the girls these days", yada, yada, yada. Social change is always occurring and people are constantly discomfited by it. Meanwhile, Disney keeps rolling along. Rowan and Martins Laugh-In lampooned all the same issues that we hear about today. The names have changed but the issues are the same. People want to be entertained.
  7. The title of this thread sounds like an impatient grinder post.
  8. Nearly everyone here knows the Dempster Mill story but here it is again as inspiration for the New Year. http://csinvesting.org/wp-content/uploads/2012/05/dempster_mills_manufacturing_case_study_bpls.pdf dempster_mills_manufacturing_case_study_bpls.pdf
  9. Acres of Diamonds I used to listen to Earl Nightingale, Zig Ziglar, Brian Tracy, Stephen Covey and others while driving around selling jewelry. I ultimately failed at this business and went back offshore to tidy up my mistake. My error was in choosing to sell tangible items when I should've been selling intangibles. Over the holidays, I was cleaning out closets and found an old box of jewelry inventory. I took it to Louisiana and sold all of it to an old customer in the Quarter. It was mostly 18K diamond and colored stone fleur de lis jewelry with some mixed Victorian reproduction pieces. I've been doing this for years and selling things mostly on eBay and have unlocked a lot of hidden value. It's amazing how much crap you'll acquire over a lifetime and that you can turn this stuff into cash. I've always loved the story of Buffett and Dempster Mill. I can't remember the manager they installed, but recall something about him painting a line at a certain height around the warehouse and telling employees there would be no more purchasing or manufacturing until he could see that line. IOW, sell a bunch of this crap and let's get a handle on this situation. This is different than what you guys are talking about with insurance brokers but your "acres of diamonds" quote made me think about it.
  10. I spend an occasional evening just watching trailers and adding things to a watchlist. The trailers are frequently more entertaining than the movies and most of the time you can tell which will be worth watching. Amazon has a "Free with Ads", tab that includes a lot of shows which aren't promoted on the home screen. The ads range from 15 seconds to 2 minutes and are infrequent.
  11. Some interesting works here. Spoiler Alert: an autographed 1st of How to Trade in Stocks by Jesse Livermore was #3 at $40,000. https://www.abebooks.com/books/rarebooks/most-expensive-sales-2022?cm_mmc=nl-_-nl-_-C221213-MXP-mosexpAARARE-_-b2cta&abersp=1
  12. Try this. https://www.geico.com/driveeasy/ It lowered my premiums by $280 / year. I hope I don't get jacked on renewal in NWFL.
  13. Thanks, was it Man Of The World - The Peter Green Story ? I've always loved Fleetwood Mac.
  14. Can anyone recommend a good Fleetwood Mac documentary? A quick look shows there are a few out there.
  15. I recently watched Metallica Through The Never after seeing Some Kind of Monster Nothing like a little angry metal to spice up the jazz.
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