augustabound

We bought a new Kia Sorrento and the extended warranty was for 7 years and I think it was about $1000. $1800 seems a bit steep, especially considering you payed $18000 for a used.

We're in an OK suburb (45 minutes) of Toronto and paid $350 4 years ago. Same model of home is currently selling for $500K. Toronto's not a global city until they can get their pathetic transit issues fixed. We need the Ford brothers back in office to build subways to everywhere. :D

I can only speak to Newmarket (and Aurora I believe but not positive). About 10 years ago there was a halt to all new home construction. The town council(s) said there's no more land to be developed, ever. Famous last words. A golf course was rezoned to residential, with lots of residential opposition. But not over green space issues, the local residents said their home values would plummet since they're not a golf course community anymore. Farms in the same area, west of the mall for those familiar with Newmarket, were sold and are being developed. Prices start around $800k last I looked. For a 34' by '110' lot and about 2000 sq ft. All on land deemed untouchable about 10 years ago by the town council.

Actually the Bloomberg article I read said it was a Chevy Tahoe. He doesn't seem like the Tesla type to me. You know what they're like. :P

It's sad that my first thought was suicide also. I guess lots of people think that way, a kind of morbid curiosity. When someone is trending on Twitter that hasn't been in the news recently, my first thought is of their death.

I don't know how relevant this is but the suggestion of a college course reminded me of this. https://www.coursera.org/learn/wharton-accounting Enrollment closes tomorrow but they run this every couple of months. Part 2 https://www.coursera.org/learn/wharton-financial-accounting I have all the videos of the courses but haven't watched any of them yet. His annoying animation characters are really ................. annoying. Brutal actually. But the course is free. You can always just do what I did, enroll and download the videos....................then forget about them for 6 months. ;D

I felt like that too. I think a book like this get so much attention and is pumped by people as such a great book, it's almost a letdown because you have such high expectations before even opening it.

That one says Fall 2015. They have a Winter edition already out in case you haven't seen it yet, https://www8.gsb.columbia.edu/valueinvesting/sites/valueinvesting/files/Graham%20%20Doddsville_Issue%2023_Final.pdf

My guess is he can get through the footnotes in about a quarter of the time the rest of us do. ;D

james22/original mungerville: Hussman is a brilliant individual, and a great stock picker, and I have no hesitation in saying that, but I still feel that his hedging and bets against the market were too early and too heavy handed at the time. He would help his cause if he stopped those weekly market commentary's of his. Nobody needs that. All he's doing is putting himself out there, in the market's eye once a week. When you do that you leave yourself open to all the criticism he's getting. Something like that is for ego alone.

Here is the forum's search for blog already discussed.

We missed tickets by a few minutes from someone selling on Facebook. (a friend of a friend) Cancel cable and watch almost anything, including live sports through your internet connection on your TV. Any good links to share about this? How is it different from Roku / Apple TV? We haven't cut yet but there's a subreddit about cord cutting. https://www.reddit.com/r/cordcutters/ For live sports the threads at reddit are mostly all illegal streams, so how far you go depends on your conscience. Just search "streams" on reddit and all leagues have their own subreddit about live games. We're most likely going with a local guy who programs the Android box for all you would need. It comes loaded with the app for Netflix, Hulu, Amazon etc (you would need a subscription from those vendors) and all the other apps that allow you to stream via torrents or streaming sites (no subscription since it's illegal streaming). From what I understand, Roku, myGica etc. come preloaded with all the subscription apps already on them but you would have to add any other apps to stream the illegal stuff yourself.

Just curious why the 9% hurdle for dividend growth?

We missed tickets by a few minutes from someone selling on Facebook. (a friend of a friend) Cancel cable and watch almost anything, including live sports through your internet connection on your TV.

We've hit our limit with Rogers so we're finally cutting. Most likely going with the local guy who programs the Android box and you get a controller for $120. He loads everything on for you that you could need. I'd still like to find a source for Disney Junior for the kids though. So far, Disney has a lock on their content and the only way to get it is with a cable subscription. So that will be my best purchase next month. ;D My best one now is my 10" Acer tablet. I love it. It was on clearance at Walmart in the fall for $149. In all the reviews I found before I bought it said it stacked up well against the equivalent Samsung that was more than twice the price.

I always forget about Cal Newport but like rediscovering the blog. These are my questions also. I always like hearing about peoples process from start to finish.

How do you know his fund was highly leveraged? I think it was said in "Damn Right" that he used leverage. The British Columbia Power company was being taken over by the Canadian government. I think he said he borrowed as much as he could since a deal with the Canadian government is as close to a sure thing as you could get.

I think that's a good perspective to have about the bias of the person who's advice you seek, or at the very least are forced to listen to. ;D I went but didn't finish, so count me in the group who didn't go I guess. I went for architecture but left after my 2nd year to become a general contractor and eventually built custom homes. And without a doubt those 2 years did me absolutely no good with regards to building custom homes. I'd love both our girls to go to university but I at this point I'm not really sure why..............maybe it's just my ego as a proud dad. Edit: you would think architecture and home building would go hand in hand. But the reality is, I would have been better off learning project management and some sort of interpersonal skills. Maybe as important as those, business skills.

I can only speak from North of the border but we have RESP's to save for university or college. The government adds 20% per year (up to $400 I believe). If the kids don't go to post secondary the principal portion can be transferred to our RRSP but the governement takes their portion back.

I think a lot of people believe that other people should close their accounts and start indexing. 8) To be fair, writser never said which side of the coin he is or should be on.

From everything I've read, it seems an even split among bubble believers and those who don't.

I think the times were different when he did it. He had an information advantage that doesn't exist today. Genessee Gas was one IIRC, selling for $50 with $200 in cash. He did the legwork that nobody else did to find these gems. Today every stock website in the world makes it very easy to find this kind of thing. In the '50's this worked like a charm for him but today the net cash companies don't always work out. But I think you're right that he wouldn't do that today but if he went back in time he would do the exact same thing. I would assume Buffett of 2016 would be a micro/small cap investor looking for a fantastic CEO building a business to last decades. Edit: Actually a quick Google search found this from the '99 meeting notes on doing it the same way or doing it different.

And just because he built a huge part of his business with insurance companies doesn't mean everybody else should. Not everybody needs to own an insurance company to be a successful investor.

How much will you spend maintenance over the same time? And fuel does make a difference. The average driver will spend $2400 a year in fuel and the AAA estimates the average maintenance cost is 6 cents per mile. Over 10 years assuming average driving habit that's an additional $36k, $24k on fuel alone. The model 3 is estimated to be $35k. Lets assume he's off on this like he was on the model S for argument sake and say $40k. Typically the government rebate is about $8k from what I've read. So we're at $32k for a model 3. I've read multiple articles from Tesla owners (maybe Eric can confirm) who have said the only maintenance is tires. Which is a wash since every car needs them. Even the battery is under warranty for 8 years as per the Tesla website. But I'll also say we don't really know much about maintenance past 5 years since the car is so new.

I'm going to go out on a limb and say he's not 85. ;D