Castanza

As far as a vaccine goes and whether or not people will get it. I think the Supreme Court case Jacobson vs Massachusetts will come into play at some point https://supreme.justia.com/cases/federal/us/197/11/

Not to mention even if schools manage to get solid systems and software in place for online learning there is still the issue of teachers themselves. Online teaching is a whole different ballgame. Throw in teachers over the age of 50 who have been in the classroom for 30 years and their effectiveness dwindles. Here in PA a ton of my coworkers pulled their kids from school and rushed them to PA cyber school simply because the teachers are at least trained for online learning. You're missing the point. The school system besides other important things is a giant day care program to look after kids while parents go to work so they don't become delinquents. It doesn't work online. It needs to be physical. What? I agree with you. I was just saying a lot of parents I know are anticipating the lock downs again and are trying to make lemonade out of lemons.

Not to mention even if schools manage to get solid systems and software in place for online learning there is still the issue of teachers themselves. Online teaching is a whole different ballgame. Throw in teachers over the age of 50 who have been in the classroom for 30 years and their effectiveness dwindles. Here in PA a ton of my coworkers pulled their kids from school and rushed them to PA cyber school simply because the teachers are at least trained for online learning.

He has a bunch of other lectures and interviews on YT which are even better and more in-depth. Lots of pictures from his days in the KGB as well.

Troegs Field Study IPA

WFC, PBCT

Depends on what's a "reasonable time frame". The time frame I see most often in the media is 12-18 months. It's hard not to be doubtful of that claim. From what I at this point we have the knowledge and capability to pretty much make any (most?) vaccine in 12-18 months. So I'm not so worried about the time frame. What I'm worried when it comes to the vaccine is: 1. Will it be any good? 2. Will the moron internet people actually get vaccinated? I am by no means an anti vaccination individual. Get your vaccines and trust science. That being said, I don’t get the flu vaccine every year, and a vaccine produced for a virus we don’t truly understand does give me a bit of pause. I’m pretty much extremely low risk for covid to begin with. I probably would get it anyways, but seeing a vaccine rushed to market without any significant length of testing/long term effect analysis does make me think twice. There are people on here saying that hydroxychloroquine hasn’t been tested enough and verified with long term effects. Wouldn’t it make logical sense to be just as hesitant regarding a vaccine?

Depends on what's a "reasonable time frame". The time frame I see most often in the media is 12-18 months. It's hard not to be doubtful of that claim.

Does anyone believe a vaccine will be developed in any reasonable time frame? Sure, necessity is a great driver of innovation. But as far as I'm aware, not a single RNA vaccine has ever been approved for human use (correct me if I'm wrong on that). That includes former attempts at a vaccine for SARS. I guess there could be some extenuating factors that contribute to the lack of RNA vaccines other than current scientific understanding. Lack of funding, potential profit, and general interest from big pharma/govt entities could be factors as well.

Pre-civilized humanity was pretty interesting in terms of life expectancy. It was essentially a tri-modal distribution: lots of deaths around birth/infancy, around 25-30 (usually dying of tooth infections), and the remainder actually living into their late years (50s, 60s, 70s). Sources? 8) I'm not gonna dig it up for you, but I know that Sweeden has kept good mortality tables going back a long time. I was really surprised when I first found out. Big surprise, life expectancy isn't really increasing by much and it isn't increasing more than before. I did dig a bit, see my edit. And it's not as good as the "ancient humans lived to old age just fine" crowd presents. Sweden mortality tables clearly do not cover pre-agricultural society either. Edit: I have to acknowledge that I'm not an expert in this and 5 minutes of Google may be uncovering as much mis-information as information. Unfortunately, I am not sure anyone else on this thread is an expert either. So knowing what's true and what's debunked by scientific community would take much longer. I think I'm gonna cede the podium and not try to reach a definite conclusion. Have fun. Edit2: Actually, screw it. I pretty much believe these folks: https://ourworldindata.org/life-expectancy And they show it's not just child mortality that affects life expectancy. They don't cover the pre-agri societies though and they only have long data from England (and the data you mentioned from Sweden in another graph). So FWIW. 8) Life expectancy, it seems, started to improve with the industrial revolution but urbanization conditions were very poor and a significant part of the improvement (on top of more available calories and general conditions) simply came from better (water) sanitation. https://scholar.harvard.edu/cutler/files/cutler_miller_cities.pdf TL;DR version: The gist of this thread is how to deal with excessive dietary affluence but a real game-changer happened when people stopped drinking their own feces and i shit you not. Hulu recently had an interesting documentary series called “The Food that Built America” was pretty interesting from both a historical business perspective and a dietary/health standard one. As with most significant inventions, they are born out of necessity.

I eat the same thing every day for Breakfast an Lunch Breakfast $15 a week - Steel cut oats - Black Coffee - 3 egg whites - 1 Whole egg - Banana Lunch $15 a week - A whole plate of raw spinach (no dressing or toppings) - Lean meat (chicken or venison) usually grilled and prepped for the week. Dinner (Probably $45-80 depending on the week) - Whatever my wife thinks sounds good. - pasta, steak, shrimp, grilled salmon, burgers, dogs, grilled sausage, tacos, sweet potato, salad etc. When my wife works (3-4 nights a week) I generally just eat breakfast for dinner, leftovers, or I stand at the fridge and eat a deconstructed sandwich like a schmuck.

FWIW, it looks like there is some footage of the incident and the aftermath that has surfaced on various websites. However I won't share them here, but if you dig hard enough I'm sure you can find them if you really want to see them. All I will say it, there were plenty of bullets exchanged.

Congress needs to pass the PRIME act. Vegas had an interesting situation. Apparently many farms around there rely on food scraps to feed pigs. Well with everything closed the pigs were not getting enough food and beginning to starve. Since these pigs were not a specific weight the farms were not allowed to slaughter them for consumption. Instead, they had to euthanize hundreds of thousands of pigs and discard them. This is happening all over and I personally know a farmer who has been dumping milk on the ground because schools are closed and he can't sell the milk directly to individuals legally. And he had to euthanize 2,000 pigs for similar reasons. I helped him spread the milk (now used for fertilizer) on his fields a few months back and good lord there is nothing worse smelling than that. From what I understand, pigs had a similar situation to oil where there was no available storage and with processing facilities closed farmers around the country were forced to euthanize millions of pigs. Pig farmers don't really have a way to store excess pigs since farms specialize in age groups and once pigs age out of the farm they go on to the next farm or to the processing facility. A really unfortunate situation compounded by a number of laws that prevent farmers from selling pigs directly to consumers, butchering them themselves, or for smaller processing facilities to sell to consumers. I think when there is time government at all levels should take a serious look at some of the food laws that have been enacted for our "safety". Federally regulated processing plants are a clear chokepoint in the system. Food waste is heavily driven by regulations. Go to any education center cafeteria and ask what they do with the leftovers. 90% of them will say they have to trash to food. They can't even donate it to homeless shelters for the most part. Craziness

Congress needs to pass the PRIME act. Vegas had an interesting situation. Apparently many farms around there rely on food scraps to feed pigs. Well with everything closed the pigs were not getting enough food and beginning to starve. Since these pigs were not a specific weight the farms were not allowed to slaughter them for consumption. Instead, they had to euthanize hundreds of thousands of pigs and discard them. This is happening all over and I personally know a farmer who has been dumping milk on the ground because schools are closed and he can't sell the milk directly to individuals legally. And he had to euthanize 2,000 pigs for similar reasons. I helped him spread the milk (now used for fertilizer) on his fields a few months back and good lord there is nothing worse smelling than that.

WB is going to be 90 in a few months...I don't think it's naive to think with some degree of certainty that he won't be the head of Berkshire Hathaway sometime in the near future. That being said, I have no problem with him. The man is skilled and has definitely earned his championship rings. I'm just saying (as someone in their late 20's) that I don't really care what WB does in the next few years because 1.) I trust him that if he does anything it will be on the conservative side and is likely to not impair the conglomerate in any significant manner. 2.) like X said above...an under performance in the short term is insignificant to me in the long term. 3.) If one and two are both true then this provides me a few more years to accumulate shares are cheap prices. So my investment decision in BRK is not built on the back of the Wizard of Omaha's future decision making. It's built on his diligent commitment to value investing in the past, his diligence in establishing a diligent management team which embodies his general principles with perhaps some affluence to the changing climate of the world (perhaps a bit out of WB's circle of competence). I liken WB to a highly respected surgeon that is now in his 70's. Clearly respectable and renown. But unlikely to learn new methods and approaches. That's not to say he wont complete some miraculous surgeries near the end of his career to the best of his ability. It's simply he isn't likely to view surgeries in a new light with new methods which could potentially give better results maybe in a less invasive, quicker recovery type manner.

+1 I think WB's involvement is irrelevant moving forward especially if you're relatively young and holding long.

BRK, RTX

OT? I am afraid that our expectations in both of these cases are too high. In fact, I am afraid that our expectations of human behavior in general are too high. Whether applied to young people in their 20s, or people in general, or "highly rational" investment professionals frequenting certain investment forums, or even people at the highest levels of business or politics. Yeah, that makes me a misanthrope. :-\ Also see my signature. This is nonsense....I’ve seen children (first hand) in third world countries have more responsibility and act more “adult like” than your average millennial. Notice the more laws we create to coddle individuals, the softer society becomes and the more coddling it needs. If you have low expectations of society and individuals (and let them know it), you’re pretty much guaranteed to get poor results. I’m a firm believer in the saying “Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.” If I had to pick a point as to where modern society is, I would say somewhere in the bottom of the “good” inning.

Speaking the truth is not heartless. In fact it’s the most caring thing you can do. Society needs more of this and less coddling. I was about to post something very similar until I saw this. Is it sad? Absolutely. Should Robinhood reevaluate their approach and how they display information and educate investors? Absolutely. At the end of the day let’s let adults be adults and reap what they sow.

At least this one looks like a truck!

Who exactly encourages the protests and the property damage (which was done by looters not protesters)? The protests are unfortunate, but they were not organized by any party and they are not Trump’s fault either. He just poured gasoline on them by sending the national guard and the tweeting stuff like “after looting comes the shooting”, which surely didn’t help. Indeed, Trump is not the leader America needs in tough times. Below is the Robert F. Kennedy speech which is worth a listen in times like this.

I watched the ISS fly by the night of the launch. You could actually see the capsule trailing the station as it was preparing to dock. Pretty cool to see.

Why have cities always been desired? When travel and communication was more difficult and time consuming cities brought people and ideas together in one spot. Population density was a necessity for ideas to spread and serendipitous meetings to take place. Also it allowed an economy of scale for businesses. All of that still happens in cities, but, I don't know if that is still entirely necessary. People now meet and talk online just as easily as off, and with modern shipping the whole country is your marketplace. Sure, but there is also the other aspect of city living. Entertainment options. Cities are very much white collar work hard play hard. People who live in cities tend to “love the bustle”. A bit off topic, but I mentioned in some thread before that all these big tech companies never build their new branches in rural or mid sized cities. Event though in my opinion that’s a step in the right direction for “revitalizing areas” it shows that there is more to big city living than big firm jobs. People (talent) for the most part want a mix of a good job in a fun area. As I said before, for every 1 person looking to work full time remote in a lower cost of living area you will still have 10 wanting to claim their stake in the big city.

As a senior exec, I'm not sure I agree with that. I'm still missing the interaction with others at and above my level, and even more importantly I'm losing the ability to build a strong connection with those who report to me. Especially newer employees. And as those ties become looser, I think their ties to the organization as a whole will also fray, meaning that they will be more easily poached by competitors. Other great points here about the way work from home eliminates boundaries, etc. For any arguments that it's more efficient in some ways, it is damaging in other ways. I think every business is really a number of relationships, and relationships are best built and maintained in person. And this isn't a generational thing. My kids know this... no amount of video calls, phone calls, or texts with their friends is replacing seeing them face to face. good post and fair enough. onboarding employees sure isn't easy if done only virtually. I've helped to onboard probably over 200 individuals at a high level and maybe 20 deep dive technical onboarding over Skype with a bit of a language barrier (South American countries). Sure, it took a bit more time and there were some bumps in the road. But ultimately, it was successful. I don't think this argument is about whether or not remote work can be done effectively. It's about whether or not people will want to do it long term. I think short term there may be some effect. But historically speaking cities and urban centers have always been desired.

You should spend less time thinking about Trump. Tony Schwartz isn't even a psychologist.