crs223

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”!

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!

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.

Do all theme parks in China look like that? I’d rather visit San Francisco… yuck!

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!

Buffett says iPhone customers wouldn’t permanently give up the brand even for $10,000… and he is right!

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!

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.

Why does the govt limit how many iBonds we can buy, but not how many TIPS we can buy?

I don’t think Buffett believes the US is heading in the wrong direction (although he did recently bemoan taxation of buybacks).

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?

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

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.

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…

Name one currency that has not hit a 16 year low in the past 20 years.

i use this app with a simple interface without ads or other intrusions: https://apps.apple.com/app/id843823256

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!

I’m stealing that phrase… thank you!

@Parsad why push anti-conservative and anti-christian issues? Site would be better if you removed political and religious hate.

I’ve never heard this, and I’ll never forget it… thank you.

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:

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!

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.

If the US wants to hurt China, it should repeal the chip ban.

$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.