E. Nashton

Nothing jumps out to me as screaming buys but there's good value in the REIT sector both US/CDN side. I also agree with some of the other posters here that nibbling at high quality names that never quite reach "cheap" is as close as you can get to "guaranteed to do alright" in the long run. Examples, COST, DIS, GOOG, AMZN, MSFT, etc. I want to get back into STOR but would love to know what happened with Volk. As for reaching into the dog pile.....I will get crap for this...but I wouldn't mind tossing some dollars at PLTR at $10.

Pretty much nibbled all week long on COST, BAM, AMZN and DIS. If things continue to fall, I'd like to add to VICI, STOR, GOOG next week.

Haven't made any big moves today or YTD but did some small add-ons to existing long-term positions today including COST, BAM and AMZN.

Looking into a palantír allowed one to communicate with anyone else looking into another such stone. In addition, beings of great power could manipulate the stones to see virtually any part of the world. A wielder of great power such as Sauron could dominate a weaker user through the stone, which was the experience of Pippin Took and Saruman. Even one as powerful as Sauron could not make the palantíri "lie", or create false images; the most he could do was to selectively display truthful images to create a false impression in the viewer's mind. In The Lord of the Rings, four such uses of the stones are described, and in each case, a true image is shown, but the viewer draws a false conclusion from the facts.

The top guys at Palantir I think are in the discussion...as for adding value to shareholders...that remains to be seen. But what they have been able to achieve through their government side operations and their views on pro-western civilization (aren't afraid of sharing their views) is actually a breath of fresh air even if you don't necessarily agree with them.

Yes, guilty. But more of a thing in my past not so much now. Bingo. But logically understanding that and actually living it or adjusting one's thinking is the hard part. For me personally, I take some solace in the fact that I attempt to learn from my mistakes with a careful awareness not to bring any new erroneous biases or mental hangups into my thinking. Simplistic example. person gets burned investing in tech/growth stocks in 2000, swears off from tech forever. That was the wrong takeaway.

@spartansaver thanks for sharing the article. It sure is hard to recover from a 'loss' like that psychologically. While no where close to losing anywhere close to that in my life, I did have one large financial loss where for a moment (several months) I was unsure how bad the damage would be (illiquid asset) to point like the man in the article my personality and energy changed, became quite a bit jaded until my loving wife in not so subtle terms told me to f'ing snap out of it and though she did not say it I understood that I had to move on and 'get back into the fight' or I would lose much more than money. Aside from that, no fat finger mistakes but several selling too early calls. My favorite ones to lament on is when I bought Marvel (Entertainment) for $2 and sold at $4 (got bought out by Disney at $30) and when I got into GOOGLE very very early and sold for a double. I bought back into GOOG eventually but that was years later when I started forcing myself to forget about any price anchors I have.

I've been buying the RE stuff but on the Canadian side. Specifically AX.UN which has a new management team in place (value guys), discount to NAV they want to close, repurchase plan in place, special dividend coming and it's a REIT so sit back and collect in the meantime. I've been nibbling every few days into $V and $DIS. I don't know if they're screaming buys but probably will make out okay as my timeframe is pretty long in holding quality names. I'm also a sucker for the newish CEO of Intel.....

Added to V and DIS. Still small positions.

The conference call was a disaster. On top of items you listed the SBC is insane and they filed for a shelf offering maybe a month ago as well.

A portion of my portfolio is just broad based index or index like funds. Within that section of my portfolio I allocate about 10% to inflation protection type vehicles. I have about 5% in a CDN equivalent of GLD. I bought my position back in 2016-2018ish when no one wanted it and I've sort of just left it there since.

If I had to pick a narrative I would point to V's guidance released during the Q report and the overhang of more probes. As for short-term - no clue. Longer-term - well I'm willing to purchase shares at these levels and to add to my position if it drops even more. I don't think it's screaming cheap but I also don't think I'll lose money on this position in the long run. Bottom line, I think I can meet my hurdle rate with this over time and I welcome cheaper prices. It's a quality toll booth company and yes there's coming competition from new entrants but IMO V/MA will continue to chug along at surprisingly good growth rates (absolute not relative or comps) and unless it completely gets rerated in the long term, it's a fine position.

V as well for me.

@WFF @Blugolds11 - thanks for the responses. Sounds like we're pretty much in the same boat. The COSTCO example is actually a very good recent example of mine as well. I got in around $320 in Feb of this year based on a retracement from around $390. I knew it was still expensive but I wanted shares in this world class company so I bought in knowing I would DCA if it fell further. It never did and I was able to profit from this investment regardless. Having said that, I am a lot more selective on which type of companies I'm willing to DCA into. I was a bit too liberal about that in the past without making a distinction between cheap and quality. I am also more inclined to invest in asymmetrical bets even if the downside is a complete wipe out of the position (or close to it). I manage the risk with position sizing.

For me personally, I spent probably the first decade of my investment journey sticking to deep value investments. Into my 2nd decade, I have moved on to a more robust investment philosophy that more closely aligns to 'go anywhere' style. It's been a bit of a mental adjustment to invest in high growing or non-traditional value investments. But what I found is the move towards fractional buys, cheaper commissions or even free buys/sells has assisted in my transition. Being able to pick up a few shares here and there as starter positions even when by my own metrics the company's seem expensive has allowed me to ride certain waves I would never have executed a decade ago. Examples include investments in Shopify, CRM, AMZN (pre 2018), etc. I thought they were expensive then but I figured I'll buy a few shares and see how it goes. Once I had more skin in the game by owning those shares I did more deep dives and got comfortable with them. Added on dips and just let them ride. There is of course a debate to be had on whether this is style drift that I will pay for dearly in the next bear market or growth in my investment philosophy that is simply more robust. In all honesty, I got tired of constantly going against the grain...granted I still love me some cheap value plays and I allocate what is comfortable to me to "riskier" growth companies but it is somewhat nice to just let some positions just ride for years rather than buy/selling once it hits some superficial IV I came up with. Interested to hear from others!

Some more FB.

I'm newish to the board so I don't feel I have a place to get involved. But I am a long-term lurker of the board ...and can say without a doubt... @Gregmal has made me money. Do I agree with everything he says or recommends? No...I don't agree 100% with anyone ever (just ask my wife!). But do I think about his thinking process/rationale even when I disagree? YEP.

For the folks in Canada where we can't lock in rates for 25-30 years...what happens to housing in long-run inflationary times. I, of course, understand that real estate is an inflation hedge and should do well in inflationary times. But with prices already quite high in places like GTA (Toronto) and if rates were to rise significantly, how does that intersect with housing prices during inflationary times? Anyone that has studied this or has first hand experience...I would appreciate your thoughts. Or this is one of those ...no one knows?

FB

Tidefall Q3 Letter...RE: Fairfax https://tidefall.substack.com/p/q3-2021-letter

How many of you folks have seen this? lol...I mean the first rule when you find yourself in a hole is to stop digging...and his responses afterwards on twitter are 100% cringe...especially the fact he got someone to film him in his lambo giving a middle finger to his "trolls".

Sold out of TD and WFC positions (initiated in the last two years). Still hold a sizeable position of BAC...holder since 2012 with small tranche sells along the way sprinkled with a few buys as well.

I have been trying out TIKR and TOGGLE AI....I've never had access to a Bloomberg Terminal so I can't say much on the comparison side.

I've traded in and out of BABA profitability over the last 8-10 months. At these current prices, I wanted to establish a position again but decided to go the weaker route. Bought units in a broad emerging markets index fund...happy to add to it over time. Offers more diversification, exposure to all the beaten down names and a decent yield.

Bought the open and added to some old existing positions. STOR, AX-UN and shares in GOOG and AMZN. While nice to see a down day can't say things are cheap across the board but I'm comfortable adding shares here and there to existing positions while keeping some dry powder.