crs223
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Posts posted by crs223
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Happy Thanksgiving everyone -- I'm thankful for the wonderful education I've received on this site over the past couple of years!
Spek: looks great! ... are those ... mini marshmallows? Lucky!Tritip on the weber kettle at our house... turkey scares me!
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7 hours ago, Spekulatius said:
Biden also does not give a diplomatic damn about calling a dictator what he is.
Bring Xi to USA and then insult him to his face. If this was a calculated strategy designed to strengthen our nation, then I'm okay with it.
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Do all theme parks in China look like that? I’d rather visit San Francisco… yuck!
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9 hours ago, Spekulatius said:
Articles won’t get written, news sources go down. Schools go down because students can’t write their assignments and teachers can’t rate them anyways. Office work snarls to a crawl.
that’s pretty funny … in the future there might be backup GPT generators in the parking lot that fire up in case of a critical outage.
I heard (water cooler talk) about a chatGPT “detector” that teachers/etc can use to see if content was generated by AI. OpenAI can get paid by students to do the work and also by teachers to detect plagiarism!
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1 hour ago, gfp said:
obviously there is a strong competitor in Android phones
Buffett says iPhone customers wouldn’t permanently give up the brand even for $10,000… and he is right!
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1 minute ago, sleepydragon said:
Iphone is the new tobacco
Wow … I’ve never heard it said that way. You are spot on.
Isn’t it amazing a product so addictive, expensive and “critical” to day-to-day functioning … and no other company can come close to offer an alternative. Insane. And nonsensical. The addiction is not to the phone/camera/calendar/maps (otherwise a competitor would have come along). the addiction is to the brand!
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1 hour ago, ValueMaven said:
I view i bonds as forced savings and retirement $$ ... I max out everything, 401K, HSA, and even do my employers ESPP which has a -15% discount at time of purchase.
Me too. I'm lucky, my company makes a huge 401k contribution so I can go to the higher "total" limit. I just "ASSume" that maxing out the iBonds is a good thing to do because it is limited... but perhaps I'm diluting myself and should be buying JOE instead like everyone else (ha!)... we think of the iBonds as our emergency fund.
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Why does the govt limit how many iBonds we can buy, but not how many TIPS we can buy?
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1 hour ago, Sweet said:
Yes, those who stay within their lane and are humble enough to know that predicting macro is bloody hard. So yes, Buffett, Munger, Marks etcI don’t think Buffett believes the US is heading in the wrong direction (although he did recently bemoan taxation of buybacks).
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1 hour ago, Gregmal said:
They love the highs of getting that 1/20 call right
Drukenmiller admits (my interpretation) he must ignore his bearish inclinations if he wants to make money.
I don't (yet) subscribe to this idea that there are two kinds of people: those who believe the US is heading in the wrong direction and those who are right about investing.
Which is what prompts me to ask: are there any human beings on earth who think US is headed in the wrong direction, yet are still respected investors?
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Please list investors to follow who believe more-or-less that the US trajectory is poor (due to drunken sailor spending, deep seated political divisions, declining education, never ending war, etc).
Seems investors who share such sentiments are 1) alway wrong and 2) vilified (possible due to being wrong).
Are there any good ones who would not be roasted in this thread?
I’ll start: Charlie Munger
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4 hours ago, Spekulatius said:
LOL - percentage of lost wallets returned as a measure of honesty by country:
Wow. Shameful. probably shouldn’t let this influence me, but it is powerful. I wish Singapore and Japan were on the list. Notice Mexico and Peru are the only two more likely to keep the wallet if it had money in it.
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7 hours ago, mcliu said:
really need to get their shit together and focus on fixing the real issues
Crime, homeless, endless wars, money printing. Let’s assume the US does nothing to fix any of these. How does that play out?
Historically (20 years) there are no consequences whatsoever.
Interest rates go up? Underwhelming. Is there a point where businesses or individuals leave? Or worse? Is there a precedent besides “the roman empire fell, so US will fall too”?
I’ve heard that Singapore has essentially no homeless, no crime, and a population that cares about one another. Is it true?
Sorry/not sorry to hijack…
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On 9/7/2023 at 11:47 AM, Libs said:
Yuan hits 16- year low. Good luck with that 'world's currency' thing.
Name one currency that has not hit a 16 year low in the past 20 years.
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i use this app with a simple interface without ads or other intrusions:
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4 hours ago, stahleyp said:
Okay guys, I'm losing my mind. We have a 16 month old and she still isn't sleeping through the night. My wife is really against "crying it out" so we cosleep with her...every night - mostly me since she has a demanding job. My other 2 both started sleeping through the night at 9 months and I figured this one would too but I was very, very wrong. I keep hoping that it will "just happen" but I'm losing hope. I've talked to 2 people and they one said 2 years for his son and the other said 3 years for her child.
Anyone have any guidance on how to not lose my mind? I know there are some courses you can buy. Anyone have any experience with those or tips for a sleepless dad? Any help is very (very!) much appreciated.
Good thing you’re getting help. If you don't take action, you will be sleeping with her until third grade.
I’m scared that it’s your wife who is against the crying, but it’s you who bears the burden. Good luck!
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On 8/16/2023 at 1:23 PM, Saluki said:
don't leave my equipment on the couch like a hobo
I’m stealing that phrase… thank you!
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18 hours ago, Parsad said:
insurrection and attempt to overturn a democratic election
@Parsad why push anti-conservative and anti-christian issues? Site would be better if you removed political and religious hate.
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On 8/15/2023 at 2:27 AM, UK said:
And in order to succeed just beeing contrarian is not enought.
I’ve never heard this, and I’ll never forget it… thank you.
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I doubt that life expectancy goes up with car ownership. But i’m willing to listen and be convinced! I’ll keep monitoring this thread.
This isn’t worth anything, but here’s what ChatGPT says:
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13 hours ago, cwericb said:
And in an emergency with cars broken down and/or stuck in a snowstorm, hurricane, or whatever
Future TV commercial: flaccid balding e-bike rider burned alive by fire apocalypse… while suburban dad whisks by in his Hummer 4, with trophy wife and kids playing iPad in the air conditioning!
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I’ve been without a car for 3.5 years. My wife has one and I have an e-bike. I take the bus if it’s raining and I use Lyft if I’m in a bind. I take a few Lyft rides per month. We have two kids (7 and 10). I work at the office 5 days a week which is 9 miles from home. My town (Santa Barbara) is perfectly “shaped” for bike riding — can get anywhere in 45 minutes.
Just the thought of paying sales tax on a new car makes me roll my eyes.
All that being said… a friend took me for a ride in a Tesla Plaid a few weeks ago and I can’t stop thinking about it. I’d like to just rent one for a few days. I’ve seen “Turo” (like Uber but for rental cars). I wonder if it makes sense to buy a fast Tesla and just rent it out on Turo… probably not.
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2 hours ago, Luca said:
Banning semiconductor devices in china is actually leading to more chinese independence
If the US wants to hurt China, it should repeal the chip ban.
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$1.3 Billion repurchased in the quarter (0.18% of outstanding shares). Most of which was in June at an average b-equiv price of $336/share. This is about the same amount of repurchasing as in 2022 Q3 when the price was $290/share.
Repurchased an additional 260k B-equiv shares the first few weeks of July (~$90 million), which we'll learn more about next quarter.
China
in General Discussion
Posted
Doesn’t CCP know that these problems can be solved by distributing printed money (“liquidity”) to troubled institutions?
Xi: I’m available to consult if you want to do it “Bernanke Style”!