DooDiligence

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

Bose makes some very good wireless bluetooth speakers. I have a SoundSport rechargeable that goes all over the place with me. I also have a Bose Compact L1 PA which needs an AC power source, but provides a lot more sound. This system also has 1/4 inch TS & XLR connections to hook up guitars, pianos & microphones.

I don’t think Thai people haggle about the price of street food. The reason you could feed 3 locals for the price of one farang alone is that they raised the prices for you. I never minded paying the Farang tax because the food was usually very good. If you eat at a regular restaurant, the menu price is the same for everyone. Bangkok has a lot of great Indian restaurants as well. One notable place with a huge selection of outdoor food vendors is the Suan Lum night bazaar, near Lumpini stadium. You buy tickets & trade them for food at the various stalls. They always had big musical stage shows going on & if it started raining, there was a huge cover that would roll over the seating area. I kind of miss the smells & sounds.

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 a weird experience for me haggling in Bangkok. For something like a T-shirt that was $6-8, it was already cheaper than what I would pay at home, but it's expected that you haggle. So I would ask for a better price and the guy would give me a small discount and I would quickly cave in and we both feel good about it. A thai friend said I should take him with me because he could get better prices on souvenirs, but that extra dollar or two I wouldn't even notice and although it won't matter to me, in a poor country it's a very big deal, so why do it? One of those vendors did math in his head better than me (and definitely works harder than me), so what separates us other than I was lucky enough to have parents that emigrated to a rich country? I bought a couple of handmade monk bowls there, made by brazing pieces of metal together over a flame, in a country where it's 95 degrees outside. They were pricey for souvenirs, but it's hard work in a poor country to do that kind of stuff so I don't get a good feeling when I see tourists trying to beat them up on price about it. I found that the Indian guys in Thailand would start with a ridiculously high price & bargain hard all the way to the close. The Thai guys usually cut to the chase very quickly. Have you been recently & is it still as nice as before all the red shirt, yellow shirt stuff? I haven't been in a decade & used to eat a lot of street food. I never haggled with street vendors as the price seemed super cheap for Thom Yum, etc. Then I met some Thai women & started rolling around town with them & suddenly I could feed 3 for not much more than 1. I continued to pay Farang prices if dining alone, rather than try & hammer a guy slaving over a hot brazier in what felt like an equally hot climate. I recommend eating close to a police station for the best food. Bangkok is one of the few mega cities that I've ever really liked. The people are wonderful.

Congrats!

Wise observation. I drive relatively slow in comparison to other traffic. It's a holdover from a DUI (over a decade ago) & me driving on a suspended license & not wanting to get pulled over. I noticed that I was a lot calmer in traffic as a result, so it stuck with me. I get tailgated a LOT, even though I'm usually doing 3 to 5 mph over the speed limit. Many times, the tailgater will furiously whip around me & the vast majority of the time I pull up behind or beside them at the next traffic light. I'm an asshole, I'm an asshole, yes, yes I'm an asshole, I'm an asshole, that's right. See you at the next light ;D -- I fold. :-X