CONeal

None of the comics have even a hint of those main caracters coming out. Guess it could be the anticipation of a movie being announced. Certain cards in the 86-87 Fleer set. Guess I just got accustomed to things always going down. But I kinda wish there was a way to short these types of things bc it seems like alot of excess money is going into these areas based on speculation.

Just noticed the collectibles market over the last couple of week. I know its not stocks but give me a minute. I like to collect basketball cards, and a couple of comics. Everything I have bought in 2013 & 2014 has already at least doubled and even in some cases tripled (realized prices). I'm not talking about Jordan's rookie or the very 1st Superman but this shit has gone bonkers the last two years. I wish my stocks had returns like this the last couple of years. Needless to say, I am selling the shit out of everything. I don't know if its a easy money thing or a bubble but I'll step to the side.

I had a few people at work say they are voting for Clinton Bc they think it's time to have a women for president. Of course I had to smart off.

It doesn't matter who is president we will run through a recession sometime in the next 4 years. Unless Bloomberg decides to jump in somehow. I really plan to sit this election cycle out since the only thing positive I can see about the candidates is they would fit in nicely on the Jerry Springer show.

Really enjoyed the book and provided some great insight if I ever need to put some of the lessons to use.

Guess it was a server being down. Whatever it was is fixed now

Wondering if anyone that has a Fidelity brokerage account and uses Turbo Tax is having issues linking the data into Turbo Tax. I received the 1099 yesterday but can't link the information through Turbo Tax. Fidelity said to call back Monday but wanted to see if anyone else was having this issue or if it was just something I was doing. To be more specific in Turbo Tax, to import the data I select Fidelity and then put in my username and password. For there I get a box that says tax information is not available.

Came across this and thought it would be of interest to a few of you. Not a fan of them phasing out GTC orders as it makes you more willing to trade. Also it would take away some of those times when the computers mess up and the highway is clear for easy money. http://finance.yahoo.com/news/nyse-phase-gtc-stop-trading-004039126.html

Instead of buying every month why not just wait till you have 2k saved up and then make the purchase? The commission has less bit then.

Guess we need to find out which companies haven't donated money to her as they are all on her hit list.

I've built a position in WTW over the last couple of weeks. Sure the debt is high but expect them to work it out and maybe refinance some of it. Less concerned about 2016 then 2021.

Here is a thread that should help a little about thinking differently. http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/the-100k-cash-question/msg119830/#msg119830 The best advice I can give is step out of your comfort zone to experience things your not use to. Ex. if your not into comic books go to Comicon etc. It will just start your creative juices and you will look at things in a way that others do not see. Set hard money limits at what your willing to lose in order to gain experience or to get a feel if something is worth pursuing (enough for you not to be lazy about the business, but not enough to really set you back). Ex. I set aside some money for ticket scalping. Lost money in the ordeal but gained a lot of experience about myself, got to practice negotiating, and the ticket business. Let alone, I found some ways to get tickets cheaper for future reference and how not to fall for the bs they pull to get you to buy tickets.

I don't think it's really necessary at this time. The past year has mainly been about bringing the company away from the brink and setting a foundation for the future. Not much is really discussed in the current PDH thread other then people in the US trying to figure out which broker to use to buy shares. Some great insights in that thread but until the company starts having more news flow I think the existing thread is just fine. Besides, I don't plan on nit picking every single thing the company does and really don't care about what time everyone's lunch break is :)

oh my mistake misread it as immoral.

If that occurs then I would have failed as a parent anyways which in my mind would be worse then losing money.

Thanks SD, you make some very solid points about how my proposed distribution schedule would cause some conflict with family members. Specifically the cost of a 4 year degree. If two kids go to two different schools one could end up bitching about it even though they are getting a free ride and shouldn't bitch about it. Thanks for the different model to think about. It would be handled by a trust firm and very strict rules about investments and not being able to take a load out against the assets of the trust to avoid having a ambitious egg bankrupting the trust.

I know people are going to say speak with a lawyer yadda yadda and so forth but trying to prepare my thoughts and wanted to bounce the general structure off ya'll since several of you of have thought about this. My family is about to close on the sale of the family farm that was established by my grandpa. My personal view is that my share of this specific section of the farm is really not something I earned. Plan on taking my proceeds from the sale and set it aside for what will eventually become a generational trust. (I am not married yet and have no kids) I have used my share from another section of the farm that didn't carry the emotional ties for my own personal use. Thinking about this as the general outline for disbursements of funds. Paper work would be enclosed with the trust explaining my grandpa, where the source of the funding came from, his values, etc along with details about my dad and how he kept the place up and his values and ties to the farm. Why the farm was sold and my thought process for setting this up and how the money was managed along with a few other things. -The trust would provide for a 4 year college education in state (my grandpa was also a teacher and valued education very highly). In the case where someone elected not to attend college at the age of 22 they would get the cost of attending school for the lowest tuition rate in state. - At the age of 25 they would get the equivalent of 25k (in todays dollars) to do what ever they want. The goal is to take a risk, see the world, or whatever they want to do that would broaden their experiences. They would be told that they will have another distribution later in life so don't worry about spending/losing all the money. - At age 35 they would get a second payment of 25k (in todays dollars) and this would be the last distribution they would receive out of the trust. Does anyone see a glaring problem with this? Anyone doing it a different way for me to think about?

When the 'experts' say everything is fine its time to cut down on expenses and raise cash. When 'experts' say the end of the world or they are just speechless for a long period of time is here it's time to spend like crazy.

Mt Dew and a stack of blueberry pancakes. Still awhile before the market gets to my prices.

I'm interested in your thoughts behind your selection.

Just to throw in my 10 cents (that really isn't worth that much) I looked into this company before the Buffett buyout rumor and speaking with a lot of women the biggest issue they had was... even if you wanted to buy Avon makeup it was to damn hard to find a seller. To much of a hassle when they could go to WalMart and have virtually anything they wanted within 10 minutes. They weren't necessarily against Avon just that the distribution channel sucked. less then 5% of them knew someone that could sell them Avon.

I'm just going off memory from reading Singleton's book but wasn't Singleton more deeply involved in the day to day operations of the company? Whereas Buffett really isn't and thus can spend more time thinking about pure investments. Singleton seemed to be more focused on the business first and the additions to his company had a focus of opening a new market in line with the existing business or a bolt on operation to the existing business. Singleton seemed to focus on the investment side of the business when opportunities screamed at him. Whereas Buffett seems to focus on investments first and the business second. Now his mangers may come to him with opportunities for bolt ons and such but I don't think he was actively looking at it from a pure business prospective. He had several companies just for runoff to make money off them. also another contributing factor is when you have people coming to you wanting to sell their company to him, he is going to control the price and provide a little padding that can make up the exceptional part of the outperformance. Maybe I'm trying to mix Singleton with the 2000 version of Buffett but that is how I view the difference between the two.

Why wouldn't they just agree now to pay something like 40 cents on the dollar? Since all the debt is owned by other governments. It's better for them to get something rather then nothing.

The timing of this thread is perfect since I am starting my year for goals and such today. One of the goals is to be more time efficient.

I recently did the following to free up cash. Had a vehicle buyback due to issues that was paid in cash. Took the cash and set it aside in case a recession occurs. I mean shit would have to be awesome cheap to deploy that capital. Financed a car (downsized) for 100% of the purchase value at 2.3% can easily cover with salary and will still be able to set aside money for savings. Thinking is, the last time I was taking out loans was Feb of 09 and was having to pay 7% for the loans (unsecured) through friends and family. This allows me to a little leverage if things get bad. The loan is not tied to any securities so I don't have to worry about a margin call. I don't own a house so I can't tap a HELOC or anything like that. If anyone has any ideas on rates under 3% I'm all ears.