Seanzy

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1. Cryptocurrencies

Question: I remember reading Warren Buffett made money in gold and his rationale was that he was by buying it at a price below its cost to pull it out of the ground. Why was this sound investment reasoning? If cost to produce doesn't really affect value/market price of gold, then was he also anticipating some sort of rise in the price of gold?
2. Cryptocurrencies

JRM, I highly recommend reading "The Bitcoin Standard", in it, they discuss the ratio of stock to flow of gold, bitcoin, and others.

4. Historical Stock Data API

Does anyone know of a free API to obtain historical stock prices that are adjusted?

7. Tribe of Mentors? What's best purchase under \$50?

That's easy. A copy of "Think and Grow Rich", by Napoleon Hill. It's THE book to be successful.

Isn't there also an order queue, which is essentially having to wait in line if someone placed an order before you did but at the same price? So even if you had placed a round lot order for 100 shares, but someone had placed the order at the same price before you, wouldn't theirs fill first?
9. Berkshire 2018 Annual Meeting

THANKS!

Where are you located?
11. Berkshire 2018 Annual Meeting

Guys I would like to go to the meeting for my first time, although I've researched Buffett for eleven years. I am trying to get there from the San Francisco Bay Area and find lodging as cheaply as possible. Any advice? Thank you!
12. Brain exercises?

Download the app called "n-back". It helps you build and maintain your short term memory, reflexes, and dexterity with your fingers. It asks you a simple math problem like 8+4. You are then supposed to remember the last digit of the sum, so in this case it's "2" because 8 + 4 = 12. Then it asks you another math problem, but you are supposed to enter the 2 you remembered from before while committing to memory the current sum's second number for the next math problem. This repeats until you have completed ten math problems as quickly as possible in a timed format. It sounds complicated but it's not. It increases in difficulty based on the number of math problems you must remember. Just try it.
13. Question About Gold Mining Companies

In 2014, I wrote a blog article about McEwen Mining (MUX) on SeekingAlpha.com. You can read it here: https://seekingalpha.com/instablog/17457762-seanzy/2675201-an-investment-idea-to-consider-mcewen-mining-mux On July 23, 2015, I purchased shares at \$0.66 per share (the market cap was around \$225 million). This was just about the lowest price it had been in ten years. More important than the price I paid, however, was the reasoning, thought process, and mental model behind my investment decision. I have been trying to understand Warren Buffett's investment decision making process for over ten years. I had been working two jobs and saving up every penny for an opportunity like MUX. This is not a recommendation, and I definitely did not want to give away my secret sauce at the time I wrote my article, but if you read it, you will see some of the major reasons why I believed MUX was such a bargain at \$.66 per share.
14. Best Research Websites

Gurufocus is good or S&P Capital IQ reports (available through brokers such as Charles Schwab or Merrill Lynch).
15. California Bay Area / Valley Weekend Meet Up

I live in Walnut Creek and I am willing to travel within the Bay Area so it would be great to meet some fellow value investors.
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