Liberty

Correct. It's easy to beat your competitors on price and grow if you don't need to make a profit. For now Amazon is not a business. It's a non-profit. You're looking at it wrong.

Exactly. Hard to draw useful conclusions from a faulty premise...

So what did they say about CHTR yesterday? :P

Yeah, but any occasion to hear a Q&A with Maffei and Malone is worth listening to, IMO.

It isn't? That sucks. Would love some notes or a recording.

New piece by Ben Thompson about cryptocurrencies and shared myths and tulips: https://stratechery.com/2017/tulips-myths-and-cryptocurrencies/

Sometimes the value of the lesson learned from a mistake - over the long term - is higher than actually not making the mistake. I don't know if it's the case here, but hopefully that offers some consolation :)

Missing the forest for the trees. You know what he meant.

For someone living in Quebec where there's a Couche Tard on every other street corner, it was probably more obvious. I missed it too, but mostly because I felt it was outside of my circle of competence.

It can certainly be played that way, but not if you want to actually ever feel sustainably happy and satisfied and fulfilled, IMO.

http://thehappyphilosopher.com/single-player-game/ Good read, lots of wisdom in there. Relatively short but covers lots of ground, lots of "idea hooks" that you can follow deeper. Thought some here would find it interesting.

Thanks. I saw that book mentioned on a French-language forum and added it to my list, but haven't read it yet. Wasn't sure if it was actually worth-reading.

No idea where the insecurity is coming from, I feel like I missed a thread somewhere. Personally, I'm just not interested in pharma supply chain right now, so that's why I haven't really commented on anything in that field.

Give www.rocketfinancial.com a try.

Masochist? Aspiring bagholder. Couldn't think of a faster way. :-[ You could always lever up with margin :-\

Masochist?

SHLD HCG CXR

Some of the latter chapters were of little interest to me, but I can imagine that they'd be a good primer on a few things for a more general audience or investing-beginners, so I don't mind to much. I just skimmed them (realizing that I didn't have to finish books and read every word was a very freeing realization). That's the good interpretation. The bad one is that some editor said: "We need more pages".

FAQ on the Boring Company: https://www.boringcompany.com/faq/ He posted some pics recently:

Average Canadian house worth $559,317 last month, up 10% in past year http://www.cbc.ca/news/business/crea-house-prices-1.4115208

1. MSFT 2. FB 3. AMZN 4. GOOG 5. AAPL

Moody's downgrading six canadian banks: https://www.bloomberg.com/news/articles/2017-05-10/six-canadian-banks-cut-by-moody-s-over-consumers-debt-burden

I thought this interview was interesting (starts Page 36): http://www8.gsb.columbia.edu/valueinvesting/sites/valueinvesting/files/Graham%20%20Doddsville_Issue%2030_Spring%202017%20-%20v3.pdf Found via Bluegrass Capital:

I wasn't doing a trick question based on genetics, I was saying "your kid" as in "a kid you consider your own, that you raised and love" (biological or not). It's not even a theoretical question. Some people have let their kids die voluntarily because of stupid religious beliefs. Is forcing them to cure the kid more evil than letting the kid die because they don't believe in medicine?

Because to a non-libertarian, anything they consider good is a right and must be mandated by force if necessary and anything they consider bad is pure evil and must be outlawed by force if necessary. There is no grey area between must-do and must-not-do. "I'd likely do it, but I wouldn't force someone else to." is an incomprehensible position. To be completely honest, I consider forcing someone to do 'good' (or punishing him for not doing 'good') evil. I'll just move over rkbabang's strawman and go straight to the more interesting point: Situations aren't binary, and evils aren't all on the same level. Not curing your sick child when you can is evil, and maybe someone forcing you to cure your sick child is also on some level evil, but are they equivalent? And is the good that comes from your child being cured more than balancing out whatever "evil" comes from you being forced to do something that you wouldn't do voluntarily? In the real world, there are many variables that need to be balanced out and taken into account, as inelegant as that makes the model to people who like to see everything in black and white.