DooDiligence

I've been largely avoiding the news. I see things haven't changed much.

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.

The title of this thread sounds like an impatient grinder post.

Nice, thanks!

That's right up my LoFi alley.

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

I would like, but am unable to upvote this post.

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.

A little more GOOGL and DIS.

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.

What was it?

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

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.

Thanks, was it Man Of The World - The Peter Green Story ? I've always loved Fleetwood Mac.

Can anyone recommend a good Fleetwood Mac documentary? A quick look shows there are a few out there.

Building Wealth One House at a Time

YouTube is indeed wonderful!

I recently watched Metallica Through The Never after seeing Some Kind of Monster Nothing like a little angry metal to spice up the jazz.

She used her Bene Gesserit voice on him.

You gotta beep a gunk a chucha Honk konk konk kadanta Each ya puna ney cha Bap pa lula ni chao Pao pati cha Ni saong kong Yeah, ride

I saw him last year, live at Avondale Brewery in Birmingham. I got right up front. What he does is insanely difficult. It's all on the spot improv. He has a huge arsenal of licks and harmonies to dip into. He's the reason I started using a Boss RC-505 looper. Long live the LoopDaddy!

Brilliant, thanks for posting! The part I found most interesting was where he produced a tip sheet that handicapped horses at an Omaha race track. He called it "Stable Boy Selections". Here's an excerpt which seems to provide the bare bones of his investment process. --- Warren discovered the Rules of the Racetrack: 1. Nobody ever goes home after the first race. 2. You don’t have to make it back the way you lost it. The racetrack counts on people to keep betting until they lose. Couldn’t a good handicapper turn these rules around and win? “The market is a racetrack too. But I was not developing elaborate theories in those days. I was just a little kid.” Buffett started to see that markets were generally roughly efficient but that there was plenty of opportunity to exploit mispricings if one paid close attention. “I’d get the Daily Racing Form ahead of time and figure out the probability of each horse winning the race. Then I would compare those percentages to the odds. But I wouldn’t look at the odds first, to avoid prejudicing myself. Sometimes you would find a horse where the odds were way, way off from the actual probability.You figure the horse has a ten percent chance of winning but it’s going off at fifteen to one.” “The less sophisticated the track, the better. You have people betting on the jockey’s colors, and you have them betting on their birthdays, you have them betting on the horses’ names. And the trick, of course, is to be in a group where practically no one is analytical and you have a lot of data. So I would study the forms like crazy when I was a kid.” Long before getting serious with stocks, Buffett was learning how to think in bets, how to recognize the impact of human psychology and decision-making biases in markets, and how to develop an edge in investing. He did it by finding a field of practice that was fun and interesting to him.

Speaking of wallflowers...

The People vs Larry Flynt A provocative look into the battle for free speech. Seems timely and there are some classic moments that will piss some people off and make others think. Flynt was a self professed sleaze but his battle against hypocrisy was righteous. edit: I'm amazed that Courtney Love can actually act, but apparently she can.

PARA (nice set of properties), but no DIS