villainx

Thanks!

Your bourbon pic made me think of Costco, which made me check if there were Costco near Joe territory, which made me wonder how soon might there be Costco one.

Cheers!

I was listening to one of the podcast with Josh Brown who had a fixed income/bonds guy on as a guest. They were saying that the bond index was sort of made to be beaten, too many variables and inefficiencies. I know it's unrelated, but just made me think of it.

A good Nintendo device may help the stock go bonkers. What’s probability that they’ll release a flop or disappointment? Based on history it’s not impossible. Or does the service part cover some of the worries? I have a medium position here but it’s something I think about. I think more so with strong support / anticipation for stock and new device.

Green Thumb or Trulieve or something else? I got burned with FL's decision with a small position in AYR, seeing where is best company for reschedule possibility.

Thank you! Tom replied as you said, delivery pending Canadian mail strike delays.

Is the first 15/25 year book available for sale somewhere? It was mentioned in the pod you were a guest on, but haven’t found it anywhere.

It's interesting that MKL seems to be consistently around 1.4 book value. Bittersweet to see FFH above 1.4.

Was talking about BRK. Or why I don't have any SP500 type holding, and manage a portfolio of stocks instead. I brought up my portfolio while not 500 companies, is diverse enough to kinda be SP500 lite. And besides, a large slug of that was in BRK, which is kinda like SP500 but with a big cash pile as a safety blanket. Regardless of everything, seems like BRK is in pretty good position. Fair to smidge overvalued? Operationally seems ok. Plus a ton of cash.

"They are now 71, 69 and 66." !

When you are young(ish) it's worthwhile to take chances! Especially when good outcome severely outweighs downside. Erm... only caution would be to not discount luck? Especially when good fortune shines using increased risk. Lucky that the investment worked, at the right timing, while your own health and life also allowed the debt to remain manageable. Not saying you, but some folks underestimate luck in a successful more levered situation. And think same playbook will work again and again. When it may not. Hope you don't mind a reminder for caution.

Yep, I sensed you meant it more in this way. And you are right that 39 age onward - done right - should be wonderful. The example I gave definitely applied to me, I levered around dot com bust, and it took me awhile to recover as well as the awareness to get back into the market. Right in time for the GFC, but that ended up being a blessing. A bit older, I was able to keep a more level head about things.

That's too harsh. The lost opportunity from past was fine tuning your sensibility and biases. And you got a strong base from the play it safe approach. You never know, a bad trade at a young age might have meant taking a long break in the market. But glad we are all here now, trying to squeeze out some nice gains.

I had in my notes to look at AOS more closely when it goes under 20 trailing p/e.