Sweet

That’s brutal and not nice to watch. I fully support Ukraine but I also feel very bad for those Russian soldiers being killed in that video. Many young men dying for no real cause. It’s mad. Unfortunately I also agree with @changegonnacome, this trench warfare is not good for Ukraine either, and it’s a problem if it goes on for very long. They need to pierce the French system quickly otherwise they are going to get sucked into a war of attrition that they are less likely to win.

Under appreciated comment. Unless you start out with a lot of money, chances are you will need to dip into your investments at some point. Not everybody lives to the age of Warren Buffett, but I’d also bet that Warren would give it all up to be young once again. Money isn’t everything.

I don’t get the crap that LIV wrecks the game, or the link to the Saudis and 9/11 - thinks that’s all bs. The PGA has no right to a monopoly but there is something to be said for loyalty and standing on a principle even if it costs money. So I respect Tiger and McIlroys decision, less so the multi-millionaires who took the money claiming they need it to take care of the family lol.

Why today?

Dunno Greg, many of those guys going to LIV are already multi-millionaires lol. Can take care of there multiple times only. Respect for Tiger and McIlroy on this, but they both got fucked by the PGA.

This meme sums up investing so much, particularly the GSEs. You are always at one of these stages:

I think a lot of the problems with the stocks dropping much further was the assumption that there hasn’t been a recession and we still had to bottom. Taken as a probably, the chances of a 50% drawdown are low. I still think the next 10 years aren’t going to be nearly as easy as the last 10, although as ever you can pick your spots.

Tiger turned down 700 million apparently.

They should have children before it’s too late unless they are an absolutely certain on no kids. It’s a big regret of many older people who forwent children. We know one older couple in particular who worked hard and wanted to travel during their time off, so never had kids. They say it was their biggest mistake. They’ve been all over the world, have all the money they want, but no one to share it with and nobody to come round for dinner. Get in your bothers ear.

I’m in the UK, there are places that sell it online, but I would rather know someone who can vouch for their products before I buy.

my next question was where do you get it. Never tried wagyu must see if I can get some. It’s very healthy I understand

Is Kobe wagyu? Where do you get it from?

High tech species fly light years through space just to crash land on Earth.

They def aren’t all paper but it’s telling how bad market sentiment is that the cuts were extended a year and it just yawns. Saudis should do the opposite - demand is so strong they have to lift supply… because what they are doing now is not working.

From Marketwatch: “In a bid to shore up the system after this year’s banking crisis, U.S. regulators are planning fresh rules that will force bigger banks to lift their capital requirements by an average 20%, The Wall Street Journal reported on Monday, citing sources. Any bank that relies on income from fees may also be swept up, in the first of a series of tougher rules en route for the industry. Regulators want banks to measure their loss-absorbing risk buffers on a more transparent and globally comparable basis. The Federal Reserve is spearheading the effort to boost requirements, alongside the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, with all three expected to seek comment on the proposals, followed by a vote and a few years for implementation. As part of the changes, some midsize banks will no longer be allowed to mark losses on securities held, which is a factor blamed on SVB’s collapse.” https://www.marketwatch.com/story/u-s-banks-may-need-to-raise-capital-requirements-by-20-wsj-6f8d4e06?mod=home-page How does that affect the likes of Citi, BAC, WF and JPM? Seems the bigger banks are the targets.

I agree living modestly is important, but is rich being able to live on little income? I suppose in some ways it is.

Hope this thread doesn’t come across as crude or tasteless, it’s not meant to me. Decades ago to a millionaire was to be considered very wealthy. It would have bought you just about anything you might have wanted in life short of a private jet. Today I’m not so sure that being a millionaire is that big of a deal. Of course if you are living paycheque to paycheque a million in the bank is a lot. However it’s also true that million in 1970 bought you a lot more than it does today. The prices of everything are much higher. Obviously it depends on location to a large degree, so for the purposes of this discussion let’s keep it to countries with a high standard of living. My guess, a millionaire in 1970 would probably need about 5-10 million to be in the same percentile group.

overall what’s your feeling about CRE - long decline?

How is it trending, has it seen a recent improvement.

Anecdotal and with major caveats, one of which being I don’t live in the US. However we experienced lockdown and all the same hybrid working in the UK and commercial occupancy has significantly improved. Nearly everyone is regularly back in work, hybrid working still in force in some places but not nearly at the level during covid. Could the CRE not be as bad as predicted?

Is this mostly a West Coast phenomenon?

@Gregmal https://truflation.com Its attempting to be the inflation equivalent of GDPNow and try to track inflation in real-time rather than the lagging CPI etc

You obviously exited the original position, did you exit both legs though?

@gfp @Spekulatius thanks both. Yes I misinterpreted that - it completely changes the analysis lol.

https://www.marketwatch.com/story/regional-bank-crisis-may-be-far-from-over-experts-warn-2b793d95?mod=home-page Nice chart showing the maturity of outstanding debt. All else being equal I’d imagine that those banks with more short term loans are likely to be safer because they aren’t locked into long maturity low rate debt? For me CMA stands out as being interesting.