Sweet

I would tighten my belt for $90 a week. I’m fortunate but I know others who don’t earn that much money, and would struggle with a $90 increase. It will hit demand. I am already cutting back with home heating oil burning sticks from around the house. Kerosene prices have more than doubled in the last few weeks where I live.

Years ago, when I just read this board and before I joined, I remember you posting regularly about Trump. You did more than your fair share of flaming. eg.

Biotech etfs are attractive. There is no floor at the moment though, not with the Russian invasion but perhaps more importantly for valuations an aggressive fed. So I’ve no confidence in this level. There may be better opportunities if we get a broader market sell off so I’m not decided on whether I go for the biotech. However if I decide to pull the trigger I will look to average in slowly over the next 18 months and hope my average price isn’t too bad.

Netflix is down 20% after hours, well below its 52 week low and putting it back below its 2018 peak. Is it a buy though? I don’t think it’s enough to tempt me.

As a gamer I agree. Annoyingly I’ve never thought about investing in this space despite the obvious trend. Competitive gaming I expect to be as popular as normal sports over time, if not more so. It is something I watch on a regular basis too. There are platforms that gamers use, Twitch (owned by Amazon) is the undisputed king in the game streaming space. It has a good platform, and a subscriber model that works. YouTube and Facebook are taking the space seriously by getting involved but their platforms are well behind. There are a load of competitive esports team - cloud9, team solo mid, complexity gaming, NRG, Faze etc. They run different teams across multiple competitive games. The general consensus is that the esport teams are, for now at least, lousy businesses, but in my view they will professionalise and get better. Currently, Faze is the only esports team that makes money to my knowledge. You could invest in hardware however graphics cards and computer chips are part of normal computers too, so you aren’t really singling out the ‘gaming space’ buy purchasing those companies. Although gaming focused hardware companies like Razor (just an example) might be worth considering? - no idea, never looked. My initial thoughts: the best way to go about this is to buy a company that focuses on game development. Games themselves span multiple platforms. I would avoid companies that don’t offer a concentrated play in games, eg. Microsoft is too big for gaming to have a huge impact on its revenue IMO. Here is a list of companies that produce hardware or software for games: https://www.alltopeverything.com/top-10-biggest-video-game-companies/ Interesting idea - thanks, just thinking out loud above. Worth a serious consideration for sure.

I’m of the same opinion now as I was then - I wouldn’t invest. If I could reliably spot bubbles in the making, like crypto, I would trade them - but I don’t know if that’s possible. If I had FU money I might be able to put down a fraction of my income on these types of bets - but I don’t. Being open to these types of ideas requires having deep pockets - not sure how that’s a strategy open to all. In other words, I’m not entirely sure there is much to be learned from examining the rise of crypto.

Hi all, this is my first post in the board. Hopefully there will be many others. I was watching a talk given by Mohnish Pabrai about a month ago. I quickly forgot about it after I had watched it, but a week or two later I was thinking about the video again. I realised there was an extremely valuable exercise which I missed. Mohnish recalled that he was giving a seminar and a person in the audience ask him what stocks were on his wish list, and would he mind sharing a couple of those companies with the audience. Mohnish replied that he couldn’t answer to the question, but not because he didn’t want to, but because he didn’t actually have a wish list of stocks. The question itself prompted Mohnish to start thinking and developing a wish list. And so to the purpose of this thread - developing a wish list of stocks, and the benefits of doing so. I interpreted a wish list as any stocks in a fantastic company which you don’t own (or don’t own enough of), but if conditions were right you would buy. Those conditions might be that the company is overvalued, or there are some short term risks for that company and you want to wait, or it may be that you don't have the cash right now to buy it. When I was thinking about my own wish list I identified several major weaknesses of mine: My market knowledge is shallow. I only know what I know, and I am too focused on my own investments. I couldn't give an account of other companies and sectors, and how they were currently performing. The wish list I drew up was very small, I feel this is a reflection of my lack of knowledge in point 1. I hope to add more stocks over time. Nearly every stock that I wanted to buy are all well known. Of course good business are well known, but there was not a single emerging stock on the list. Here is my list in no particular order. It's not sexy, it's still a work in progress, new stocks will be added, and some might be removed: - Amazon - Alphbet - Visa - Mastercard - Paypal - Bank of America - Well Fargo - Costco - Starbucks - Walmart - Microsoft (Yes, no Apple) Hoping that others will share their list (if they have one), and for those who don't have a wish list, perhaps they can find some benefit in participating in this exercise.