Ross812

I would like to thank whoever dumped 300 shares of Fairfax this morning at the open. I got a nice fill at and below $875!

Lots of HQI this morning. It blew through limit orders at 15.50, 14.50, 13.50. I got a partial fill at 13 and have another order sitting out there at 12.50. What a blood bath.

Sold half of my BTI position today. I'm back to my cost average of $31 and it was bigger than I wanted as I bought heavily in the low $29s.

I just keep buying LUV

Added to ASHTY. Tracker in HQI. Sold Puts on LUV, CASH, and DFIN.

Bought more LUV. Getting to be a pretty big position.

I had a 21% cash position and just dropped about 4% in this morning between LHX, BTI, TOITF, and ASHTY.

We have a rural lake house and use T Mobile 5G internet for $30/m. I have a neighbor who has Starlink and it is indeed very nice, but not worth the extra $90/m incremental cost over 5G.

CHDN, CASH, BTI

I think the advantage of a kamado is being able to retain heat for long cooks. In my opinion, unless you are smoking something for more than 4 hours regularly, a Weber 22" kettle with a slow'n sear will produce the same result. Pellet grills are nice because they take the guess work/skill out of grilling and let you easily set an maintain a temperature.

Bought a starter in CHDN.

I have a buddy that is into that program and gives me bits and pieces to work on for my knees, but I haven't spent any time looking into the program myself. I'll have to check it out. The first time I tried rock climbing in my 20s I was humbled. I was a gym bro and thought I would easily be able to pull my way up a plastic ladder; One or two routes in, I had no grip left and was exhausted. I've avoided the gym since, but it looks like I'm going to have to hit the gym with a a program like ATG to get back to what I like doing.

Hats off to the guys who like to lift weights in the gym. I used to lift in my 20s and have the stretch marks to prove it. I got into rock climbing about 15 years ago and make it to the rock gym a few times a week. I can no longer bench press 245 lbs. but I would say I am as functionally strong as I have ever been and am closing in on 40. I loath going to the weight gym, running, swimming basically anything that is a workout for the sake of working out. I do much better with healthy activities - rock climbing, slalom water skiing, and pickleball are my big three. Unfortunately, my knees are catching up with me and my passions are all horrible for my knees. I've had to start doing squats, deadlifts, and backward hill walks trying to strengthen them, but it feels like a losing battle.

I bought a 5% position in BTI on Monday/Tuesday. Sold completely out of META. Top positions are FFH, GOOGL, BRK, DFIN, USB, ADSK, and NTDOY. I am at 20% cash right now.

My original point was its silly a missing sub of 5 wealthy individuals goes missing and it captures the news cycle and several governments have thrown resources into the search effort while rafts of refuges from Syria go missing all the time with little news and an absence of international resources. Why don't Syrians go to Turkey instead of Western Europe you asked? Well 55% are in Turkey and 78% in the surrounding countries versus 15% scattered across the rest of the world. Your argument seems to be that illegal immigration from "invaders" will destroy the West. No idea how this relates to what I posted in the slightest unless you are arguing we should just let these people drown because there are "invaders" mixed in. Its also kind of humorous that two of the people on the sub were Pakistani.

I specifically referenced Syrian refugees in my post so I'm not sure why you are bringing up Egyptians or Pakistanis. More than 55% of all the Syrian refugees are in Turkey, 13% in Lebanon, and 10% are in Jordan. Another 7% are in Egypt, Iraq, and Sudan. The last 15%, about a million people, are in the West with half of those in Germany.

Last I checked, there was a war in Syria . I agree. I am just amazed how much this missing sub with five seats captured the news cycle.

I just did some Googling and it seems in is uncommon but not unheard of to survive a 10,000 ft. fall... One woman survived a 30k ft. fall. The things you learn...

Think how many boats of Syrian refugees who could have been saved with a fraction of the resources devoted to this effort.

There are either 3 person tandem jumps or someone missed the "lets make sure we are buckled together" safety check given the odd number!

Trimmed half a % off DG which ran up 12% in the passed week. Sold half of my META stake. Restarted a 2.5% position in MSGE today and added a little to ADSK. Mostly I have been looking into KMX and TXRH.

Started a position in Dollar General. Its been on the watchlist for a few years and picking this up at a PE of 15 seems to be a fair price for a great company.

I guess the topic should have been - define "rich" and how much money does it take for your definition? To me, rich means not having to rely on selling my time to fund my life style. A very comfortable lifestyle for me costs around 100k/year excluding real estate. This lifestyle includes 3-4 international vacations each year flying economy and staying in budget friendly hotels, maintaining two homes (LCOL area), a few $25-$30 bottles of wine each week, and having a $150 night out every 2-3 weeks. It is a pretty extravagant lifestyle but doesn't include new cars, expensive collections (art, time pieces, etc.), $10k vacations, children, and hired help. At 3.5% (margin of safety to make me happy) this is about $3M in liquid savings. If you define rich as spending whatever you want (within reason) without thought, I stand by my $30M assessment.

The topic question is difficult to answer. Take travel for instance: 1. You drive because air travel + car rental is expensive (working/middle class) 2. You fly budget airlines (working/middle class) 3. You fly economy (middle class) 4. You upgrade your economy tickets with more expensive seats (middle class/wealthy) 5. Only fly business class (wealthy) 6. Only fly first class (wealthy) 7. Only fly private (rich) My wife and I make somewhere in the high 200's to low 300's depending on bonuses, capital gains, etc and are well over the million dollar hurdle in liquid assets and do not have kids. I would consider ourselves upper middle class bordering on wealthy. I am between 3 and 4 of the travel scale and cannot fathom paying 2.5x+ for a business class ticket because the difference between 1K and 3-4K for an international flight for two still seems significant for me. I would imagine if I had double the disposable income - maybe the equivalent of making 150k more after taxes I wouldn't bat an eye and move into the 5/6 range. I'd say that's around 400K-450k in W2 income and 300k in investment income so using the 4% rule - $7.5M to be wealthy. I'd guess 4x that, so $1.2M+ in investment income, to be considered rich - call it 30M?

Not joking. Jewish people of the time and I imagine most of humanity until a few hundred years ago married off girls after puberty. The passage in Ezekiel just goes to show the norms (morals?) of the time. Surely the author was not describing a statutory rape to exemplify the bond between God and Jerusalem? It sounds like he is saying sell everything, give the proceeds to the poor, and devote your life to following me. It sounds like you are trying to qualify Jesus's words with a convenient explanation "perfect". A rich man has a snow balls chance in hell of making it to heaven. So there is a chance?! Honestly, I don't care. I'm just pointing out the inconsistency between Christians advocating protecting children when marrying off young girls was routine in the Bible, and Jesus, in his own words, is blatant about the trappings of wealth, but the same Christians do mental gymnastics to justify holding their wealth. Maybe Jesus never said anything about it because it was not considered wrong at the time. Maybe it was justified by a couple thousand years of previous scripture? Maybe it is not wrong according to God? Clearly the moral standard of the immorality of slavery is set by society and not by God. How can slavery be wrong if Jesus never said it was wrong? Mishkat al-Masabih, vol. 3, p. 300-301 Yes, I agree each society makes up the rules as they see fit. It is the only answer I can come up with when considering Jesus thought slavery was moral (at the very least the morality of wealth deserved more attention than the morality of slavery) and I myself do not. Loaning money with interest is a sin according to the Quran and outlawed by the Catholic church until 1000 (church then needed to borrow money for the crusades so and exception was made). Loaning money for interest was not practiced by Christian laymen until the 1500's. Is owning WFC, BAC, JPM, USB a sin? For a Muslim, it is today - For a Christian, it was from 300 AD till sometime in the 1500's. The old testament is pretty prescriptive regarding usury just like with slavery and Jesus was silent on both issues. It seems like our modern opinion of slavery and usury are shaped by society and we are not following the word of God on either...