Longnose

Agreed, I think we've stabilized and most inflation happen last year / early this year. Unless the fed gets wild again or supply chains get worse I think we will continue to see stabilization but likely wont see many prices come down.

Figured I'd start a thread to see where everyone's favorite travel destinations are. Where do you have vacation homes? Where are your repeat vacation spots? What are must see places? (North America vs Internationally) What is your next adventure? My wife and I are doing a 7 day cruise down the Mexican coast in September. We are discussing a trip to Thailand spring 2023.

Disagree - I prefer a Whopper over anything on the McDonalds menu any day. I will agree that McDonalds has incredible consistency and efficiency wherever you go.

Sold some leaps I had on HA and LUV after todays pop.

Quite a pissing match this morning. I personally value everyone's opinion on this board. We have quite a group of very talented and intelligent people. I make very few macro oriented bets. From a macro perspective I think we are still a little over valued but certain sectors of the market are getting overpulled down from the macro pull down. I have been sinking more and more money into a few companies that I believe are getting pummeled harder than they should be.

Your wallet is not "your phone" Your wallet in most cases. is a 12 - 24 series of words. That create a hexadecimal key referencing your wallet on the block chain. you can recover your "wallet" on any device with that 12 -24 word phrase. Example your a refugee in ukraine. Your city gets destroyed you lose your phone. you some how manage to make it to a safe location someday. You have your seed phrase memorized. you connect to that phrase on a new device. You have your assets again. (cryto coins, maybe someday in the future your stocks, title to property, etc. ) While coinbase offers a wallet the base exchange is still not a wallet. Give this exercise mentioned by @rkbabanga try.

Coinbase does not hold your wallet. There is a coinbase wallet that is separate but coinbase is an exchange not a wallet. Significant difference between a wallet and an exchange. Think of a wallet as your actual physical wallet. It holds your money. It holds your ID. It holds important info and its yours. When your money is at coinbase its an exchange where you can swap $$ for crypto or other assets. but in the end you can send it back to your wallet. Even right now TD ameritrade or fidelity or whatever exchange your use technically hold your stocks for you and you hold legal right to them (unless you request physical stock certificates). But you dont hold them. If they were digital tokens you could transfer those stocks to your digital wallet. Then you own them. You give your money to voyager. they are holding your money. If they dont have it to give back to you. then you only have what the legal system gives your right to sue for.

New Album from C&C. Love the whole album but this song is nailing it. Got a bohemian rhapsody feel to it.

I buy on Coinbase and similar to @TwoCitiesCapital I transfer it out of the exchange to various wallets once the balance is high enough to justify and any fees. For ETH based tokens and other alt coins I use metamask wallet. (very versatile and most commonly accepted for decentralized applications) For BTC I use Exodus wallet and Trust Wallet. (I will eventually set up a hardware wallet but haven't bothered yet)

@Parsad knows a lot about overstock and may have an opinion.

^^This I've helped several friends take the leap to buy some crypto. Out of those I have helped probably less than 50% actually understand what they are buying and really just wanted help to get into some sort of shitcoin with a few hundred dollars on the hope that it 100X's. Then the few of us that understand the power of bitcoin continue to add our positions. BTC isn't going anywhere and adoption is only going to continue to grow for global ecommerce transactions. IMO it will become the currency of the internet once the lightning network gets further built out. I wish I could have all my assets in a wallet and not a bank...

Big fan of Zach and Kathryn at DLHC. I sold my position on the COVID run up and been too hesitant to jump back in. But IMO they are really good capital allocators in a small cap space.

Ive made a little money by looking at what he bought that has gone lower. His ideas are solid but sometimes hes early. Never bought anything of his that had gone up at time of posting.

I continue to add to BTC on the way down. Its not going anywhere and will come back up eventually. I haven't added anything POS for a long time. I still hold a fair amount of AVAX because I play and develop a little in that chain. But its value has been decimated.

That is a hell of a story! All that harassment for 10$ per month. My wife's family owns a ranch as large or larger than the one you mention in your story in the mountains of Utah. We regularly deal with trespassers although we've never prosecuted any. Most leave with a polite reminder that its private property. Last year someone ignored a turn around request and took a different road and rolled their van down into the river. They were lucky the family member that asked them to turn around was still nearby because it would have been a 10+ mile long walk back to the main road and chance of cell service in between is very low. Also have had search and rescue called in the winter on snowmobilers trespassing and getting stuck up there 2 years back. Usually one story per year.

I just took my car in for some maintenance. They recommended according to mileage that the spark plugs be changed. They wanted $1000 to do spark plugs because the plugs on this car are under the manifold... I have a friend who restores classic cars and loves to work on old cars. But only drives brand new cars with extended warranties and as soon as the warranty is set to expire he trades it in for a new one. New cars are more computer than machine and its not worth anyone's time to work on them.

Hes been very active and flipping the portfolio almost every quarter for the past year or two. I really like looking through burrys stuff but hes not playing the long game right now with current market conditions.

Fair enough going back to the original thought. Does someone's net worth translate to their societal value? Short answer No. But does wealth amplify an individuals impact on society? Yes.

mothers and fathers - thats a real answer. I had a great upbringing with good parents. They had almost not financial literacy and did enough to get by. I can attribute much of my success to having solid examples that laid a good foundation for me to continue upon. I have some friends who grew up in broken homes who would have paid a lot of money to have a different outcome from their mothers and fathers. I don't think enviroment determines a persons success but it sure influences a lot of out comes. IE (buffet's genetic lottery quote).

How confident do you feel about the deal going through??

Ive seen several sources expecting the $12K mark. Ive personally just been dollar costing into it and dont really care about current value.

BTC is very different from all the other shit coins out there and adoption is happening worldwide. I strongly believe it will become the currency of the internet and fuel a global economy. The rules are written. It is truly decentralized. You cant change the rules of the game as long as I hold a node. Parsads comments about blockchain being real and useful and shaping the future. IMO thats all the Ethereum side of things. ETH, AVAX, SOL are are all serious Layer 1 projects that will shape future blockchain business transactions. The "currency" value of these I believe is pretty bleh. I have small money staked (mining POS) in these just to cover transaction fees. Totally different worlds. All the stable coins failing are people bending the rules of the game and abusing the system. Never trusted a get rich quick scheme.

I have a few small positions in some penny stocks that are this way. to not affect the price always use limit orders and you'll need to buy over time. Look at the bid ask spreads. Usually, youll only be able to buy small blocks unless there is a big seller out there. Greg is also right, Almost always you need to look at these as investments where youll lock up the money for a period of time with expectation of a large return down the road. (more than 6 months often a year or 2) DD is key in these illiquid stocks. You sell when liquidity arrives and your thesis becomes realized.

I questioned this one too but Bill made some decent arguments that I havent looked at and want to look further at. He stated every car is presold for the next 2 years. Better margins on Electric Vehicles. And current Earnings ratio about 5-6 with a historical of 8-10. With that baseline it does seem like it could be ready for a realignment. Probably not a massive swing but a decent bump. Which is why I plan on doing my own DD to determine what price I would sell at.

Listened to this episode of TIP over the long weekend. From the 8 min mark to about the 12 min mark Bill makes mention of some companies he thinks are strong market bets right now. I've added it to my homework list to take a deeper look at these 4 companies. OMF - One Main Financial GM - General Motors TMHC - Taylor Morrison Home Company BHC / BLCO - Bausch & Loam I was wondering if anyone else has identified these as strong opportunities.