roughlyright

SnarkyPuppy, Are there any Altcoins that you are bullish on? Roughlyright

RKbabang, What altcoins are you bullish on? do you care to share your thesis on the coin which is your highest conviction idea?

For example gold and human beings coexisted on this planet a long time before gold was used as money. What happened? Gold didn't change, but all of the sudden it had value where it previously did not. very well said Rkbabang!

This is funny ;D ;D I am getting old and my memory fails me. Who is this company that needed tax-payer funded bailout to tune of 25 billion dollars ? I don't remember Bitcoin network putting their hand-out asking for a bailout so far. I am a big fan of Andreas Antonopoulous who is a network security engineer. He explains in detail in his books about what makes bitcoin Antifragile. I think our beloved Jamie here is feeling, what Andreas calls "Cognitive dissonance". People who are used to centralized systems have difficulty in understanding, when there is no trusted third party on the network. Here I quote from Andreas Antonopoulos.

I have launched a crypto hedge fund recently. I don't hold any stocks, bonds or any other regular assets. I only own crypto currencies in the fund. If anyone is interested, please PM me. Roughly Right

Same here. My best investments this year have been in Bitcoin, Ethereum and Litecoin.

https://finance.yahoo.com/news/bitcoin-just-soared-1-500-162700354.html

My pick for 2017 is MOGLF (Mongolia Mining company) currently trading at $0.04 . This is in another thread on this board about 0975.hk, with reference to its hongkong listing. This company made a deal with creditors and dilutes the common only by 10%, which is big plus.

Added additional shares to MOGLF (Mongolia Mining company or 975.hk) at 0.04

http://www.talkmarkets.com/content/mutual-funds/a-good-way-to-buy-berkshire-hathaway-at-a-21-discount?post=97918

His letter came out today. It is OnDeck capital. Ticker: ONDK

Thank you all for your inputs. What I don't see in the article is what are exact stocks chosen, when. If that information is available, I could verify if the results are true. But I cannot find much information online.

I found this strategy very interesting. Why constantly expose myself to all these risks and waste time, when I can get these sort of results? I am thinking there must be a catch. It cannot be this simple. http://www.valuewalk.com/2016/02/a-simple-strategy-for-income-generation/?utm_source=mailchimp&utm_medium=email&utm_campaign=EMAIL_DAILY&utm_content=quick_link&utm_source=ValueWalk+Newsletter&utm_campaign=9f228f0fd0-%3DUTMDaily&utm_medium=email&utm_term=0_299e40291b-9f228f0fd0-50398245&mc_cid=9f228f0fd0&mc_eid=5eaf686997

ELig, can you please post more information or links to what this strategy of using VTI and VEA? Thank you. Roughlyright

That is so amazing! 70 billion square feet just this year for country with a population of 1.2 billion!

Today I read a statistic that from 2011 to 2013, in three years, China produced more concrete than the United States did in the entire 20th century. This comment comes from Aristides Fund LP monthly letter. I found that little piece of information certainly scary! He also referred to these charts, which speak for themselves. http://mebfaber.com/2015/05/31/10-bearish-charts-1-bullish-chart/ Roughly right

If I assume that Prem's theory on deflation is going to be proven correct, how can a small investor ride the coat tails of Prem? I cannot buy CPI linked derivatives in the Market as a small investor. What other ways can I profit from a deflationary world?

I am very interested in finding out what it could be. He had so many great calls. His picks are so far away from the Main Street or other popular value investors

Jurgis, Thank you for your feedback :) You bring up a good point. My idea, does not prevent people from getting the conference discount. So, people pay to the Hotel, any travel website (expedia, travelocity etc) for a exclusive access to the room. This is part everyone does today. It will continue as normal. Once they book it, they come to site, to list their specific room for sharing. For putting up with the discomfort of sharing the room with someone, they get to keep 50% of what they paid for the room or in some cases can even be 100% of what they paid. What I mean is, if they had a corporate discount of some type which gives them the room for $75/per night for a very expensive Mariott. They can turn around and list it for $75 on the site, and share with someone and get all of their money back. For the guest, who is sharing, it is great because in the absence of a corporate discount he had to pay $150 for the same room. It is good value proposition for both the host and guest. Is it not?

BTShine, Thanks for your feedback. I was thinking that the potential customers are not actually, people who travel once every year to Omaha. I was thinking of those millions of consultants, who pass their hotel bills to the client, and they don't get anything out of it. If they choose to share their expensive rooms, they get 50% of the money for themselves. It just my thinking, obviously. But reality could turn out to be different.

Pelagic, Thanks for your feedback. I plan on having both the guest and host review each other. So with time there will be lot of feedback about all users. do you think you would use a service like this? Roughlyright

I am a regular visitor to Omaha for the annual meeting on the first Saturday of May. So many times, I booked the La Quinta inn, sometimes for $200 per night. I know most value investors, including myself are cheap :) I was thinking that most hotel rooms have 2 queen beds. It should be easy for me to share my hotel room because we both will have separate beds. But that kept me thinking more and I thought of building a website, which facilitates people’s sharing of their hotel rooms. I am in the process of building the code for those site, as I am a programmer. The way site works is as follows: Somebody who already has a room is called a host and the one looking for a shared room is called the guest. A person can come to the site, search for all rooms. It shows 2 types of rooms. 1.The site lists all the shared rooms that are listed in Omaha with the hotel details with pictures and on a map etc with the prices. These prices will be half price of the regular hotel rooms at the same hotel. 2. It also shows you rooms that are exclusive to you ( I pull this from expedia and booking.com). When you try to book the room, it gives you two choices. A. Either you know who you want to share with and their email address or b. you don’t know who you want to share with. In case of A, it will take half payment from you and ask your roomie’s email address so that the site, sends an email to them. Once it collects the payment from you and your roomie, your room is booked. It sends confirmation email to both you and your friend. In case of B, you have to pay the full payment, and the site sends a confirmation to your email. It posts room as available for sharing. You can then promote it via whatsapp or facebook and ask your friends if they want to share the room and save. You room is shown along with other listings. As time goes on your hotel room and your first name and Last initial is shown to the new users. If a new user wants to book your room, the site sends a text message to you. You either have to approve or decline that person via text message or by email. If you approve, we collect payment from the guest and send confirmation emails to both you, guest and the hotel. It informs the hotel via fax that the new guest is added to the reservation. Once the guest completes the reservation, site sends a 6 digit code. When he checks in to the hotel and meets you , he can give you this 6 digit code. You go to the site, enter the 6 digit code against his reservation and the system transfers the money collected from the guest to your account. The money remains in the account, till you transfer it via check or paypal to your personal account. Site gives you a option to review your guest and vice versa. I am seeking your opinion, especially the critical, about why this will not work. If this has to work, I like to know from you, how should the user experience should be so that you would use such a free service. Feel free to ask me any questions, please.

Thank you so much Dartmonkey. I appreciate the explanation. It is like owning the hedgefund and the management company. I like the deal :)

ok thanks everyone. that 1.5% and 20 goes watsa not shareholders i thought?... ok thanks everyone. that 1.5% and 20 goes watsa not shareholders i thought?... The fees go to Fairfax, of course, not Watsa. Fairfax owns 30 million shares in the fund, so for every share of FFH you own, you indirectly own 1.5 shares of FIH. So if you own 1000 shares of FFH, you already own 1500 shares of FIH, and you are paying yourself somewhere between 1.5% (if FIH gets a return of 5% or less) and 4.5% (if FIH gets a 20% return). If you buy more FIH, you will pay more fees to FFH shareholders, but you will not get any more of them as a FFH shareholder. So no, buying FIH shares is not paying from one pocket to the other, and you should be concerned about the fees. Not that that stopped me from quadrupling my FIH stake. The fund seems attractive to me from both sides. Dartmonkey, I am curious as to why you find the FIH attractive, when we are already owning a shares of indirectly via FFH ownership. Particularly, I did not understand what you mean by "The fund seems attractive to me from both sides". do you mind sharing your thesis on FIH, Please? Roughlyright

snoball82, do you post at the valueinvestor's club as "DEVO791"? I notice that you also talk about Parkit similar to that author...