Longnose

@jokaMy father does what you describe. It has worked reasonably well for him. He got ripped on BABA, but has had a lot of success with the strategy. You will still always need to have a portion of your own conviction/thought. He follows a handful of managers that align closely with his lines of thinking and longer term holding. I do notice he gets wishy washy on new holdings that flounder but overall its worked out for him. He uses me as a sounding board on most of his investments. I do a lot more bottom up analysis but like to use 13Fs for ideas. I like looking for peoples Ideas that have declined since the 13F reporting / publication lag. Looking at other investors ideas is a great starting filter. They purchased the company for a reason. If they bought it to early can I buy it once its reached closer to the bottom? assuming there is not a fundamental deterioration of the overall business?

He's bought and sold GEO a couple times now... Definitely trading it based on valuation / technicals.

Yes, With the exception of the housing bubble. I have followed quite a few of his trades and I bet his performance is better than people anticipate. He's a smart dude and doesn't give 2 shits what anyone else thinks.

@Jaygo Where at on superior? My wife and I kayaked to the apostle islands and camped a few years back then did some of the south west shore by Duluth. It really is pretty country up there.

This is how I felt with the Jason Bourne movies. So far from the books and the books were so much better....

Watching "the sandman" on Netflix. Its unique fantasy.

MU 48% ALCO 14% Crypto (BTC / AVAX) 9% PFIE 8% EAF 6% Penny Stocks 5% BABA 4% Other 6%

Bumping this from long ago. @Gregmal What was your opinion on GLDD? I am looking at this after the big hit they took this month. I like the big barriers to entry and the mentioned issues in the conference call seem temporary to me. Curious what you uncovered when you looked back in 2020.

This isn't the first I've heard of this impending "global food crisis" My opinion is that there will be areas that could be heavily impacted. But the US will likely be largely unaffected. Maybe some extreme inflation in certain foods. Its possible other areas of the world with less resources could feel the pressure of a global food shortage. I regularly think about how how fragile the global ecosystem is. Without the global capitalistic economy we would struggle to feed the 7B people on the planet. I try not to dwell on it and remain bullish that humanity will adapt and overcome any major shortages. Humanity is pretty good at working together for good. (except when we aren't).

I'm with @rkbabang & @Viking on this one. To me its just like capitalism. Immigration may have consequences "Lower wages, higher traffic, higher stress on environment, higher rent and housing prices, higher economic inequality which leads to all sorts of social problems." But to offset those there are many positives that end up balancing out in the end and tipping the scales in a positive direction. Immigrants often have more desire and hunger for success and opportunity and while they may require up front assistance they tend to be good overall.

It does feel good I was buying btc under 20k. I do think it's premature to say we're gonna hold up though. Still may collapse again. Hope you didn't lose to much in celcius.

LOL made me think of this old video

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.