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tallpop

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Everything posted by tallpop

  1. A little bit of SAN. I liked it better when it was STD. 8)
  2. got them all. but it does not show anything other than i read 2 biographies of him Snowball and the Lowenstein book. Speaking of which, apart from the fact that Snowball is more recent, I preferred the education of an american capitalist. And you?
  3. \Ome I am interested in, but it is too early to say, is our own Prem Watsa. Will his deflation bet pay off?
  4. I remember laughing my head off too. Tried to get my kids to read it, but they didn't. Will pull it out again to read it over. Very funny.
  5. About 2.5 years ago, our family returned to Toronto from overseas.We wanted to live close to my wife's work and near good schools for the kids. We settled on Yonge and Eglinton. We looked at mansions for 2.5 million minimum, and decided we could not afford that. We looked at houses that were very small (or teardown) for 1.5 million. The rental market was crappy with people asking way too much for their crapholes. And condos were just too small- putting 4 people in 1100 sq feet was not reasonable. We ended up buying a triplex near Davisville and Oriole Pkwy for about 1.2 million. We moved from Toronto but kept the place because we liked it. We are told it is now worth 1.6 million (listing price- probably would sell for more), after we fixed it up (200k). 3 x 3- bedroom apt (one is a basement one) and are renting it out. It pays for itself. I just worry that we have this huge fixed asset that will be taxed to death to pay for new social programs. My wife won't let me sell it given the problems we had getting a decent place. Personally, I would sell it tomorrow smelling the bubble. And hopefully someday we will move back to the area. But until then, we just watch the bubble grow. Real estate is hard. Yes, it is a home but it is an investment too. That was the only way we could afford a living space in a decent area in Toronto. Will things sink 20%? No problem. 40%? I can handle that. It is when it sinks 60% that I will get really piXXed off.
  6. Here is Brooklyn Investor's analysis of the deflation hedge. Summary- small risk, big potential rewards. http://brooklyninvestor.blogspot.no/2015/01/watsas-massive-bet.html
  7. Hi, I am a lurker revealed as a Blackberry purchaser. I purchased cheap shares of BBRY hoping to be an arbitrage expert. Admission up front. However, is everyone not losing some respect for PM, considering how he handled the BBRY affair? He was a board member of BBRY. He knew what was going on for years. Then he insists that he will buy the company. He is a serious investor, etc. Next? He semi-backs out of putting real serious money on his offer. (convertible bonds?) Don't get me wrong. He did not do anything illegal. But this was a very shady way to handle things, in my opinion. I had bet on his good name, and was surprised when he handled it like this. Not very kosher. Victor.
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