Lazarus

The subaru car itself is a fantastic product.

Gillette is more likely to sponsor women in science, to fight toxic masculinity:

@cubsfan, no one is going to convince you otherwise. But SS is a beginner program for young people. Weightlifting can and should be done by older people, but you've drunk the SS cool aid. I have Rippetoe's book and videos, I've done the program, I even have some of his intermediate books. He's awesome. But any sort of 5x5 program (and yes, I know that Rippetoe's is actually a 3x5 program) going three times a week is way too tough for a 68 year old guy. Even Rippetoe says that you need to eat like a pig to recover, he recommends GOMAD. A program like Pavel's Power to the People is much better for older people. I like fitness. I still do squats and I can still dunk a basketball even though I'm in my 50s. But yoga is the only exercise that actually makes my body feel better.

Starting Strength is designed for young men. It requires a huge calorie surplus and is designed to be a 4 or 5 month program at most. I'd go with a program like Pavel's Power to the People instead. Much easier on the body and you don't need to eat like a pig.

I find their zero covid policy mind boggling.

(That comment was for UK)

I wouldn't put any importance to the sentiment of ma and pop investors (or cobf investors). It's the sentiment of the major institutional investors, pension funds, hedge funds, etc., that matter. The billionaires control the markets, not the random retail investor you're talking about.

Thanks for the replies. I was initially thinking there might be room for one bankruptcy / restructuring, which could cause panic and huge drop in the shares of the others to allow investors to scoop up shares on the cheap, not multiple! Sounds like general consensus is that there is a lot more pain on the way for this sector.

Cruise line companies are almost back to March 2020 lows, and CCL has dropped even lower. Makes me very interested in how low they might go and how much potential this sector represents. My thesis is fairly simple: - the demographics are great for cruises: old people love cruises, so the sector should continue to grow as boomers retire - there is pent up demand - people who cruise have not been going as much due to Covid - Covid is (mostly) over - mandates, etc., are mostly over Because of the above, I think the sector should be in position to grow. However, this sector involves discretionary spending so it is very economically sensitive. With a recession predicted, there could be more short-term pain for the sector. But again, I assume that this should be short term. The big dream is that one of the big ones (CCL or Norwegian, etc) file for bankruptcy and the whole sector tanks. Curious to know what people think are the best and worst investments in this sector? I think that LIND represents the best opportunity - it is small and involves more elite-style cruising, so it might be less sensitive to recession (the rich people who take their cruises are less sensitive to recession).

If you think there will be a lost decade, you can always shift most of your investments to high dividend stocks as a hedge. Stuff like PM.

Sorry for your losses, Parsad. We're dealing with a complex problem here, made more difficult by the emotional components. I think it's best to agree to disagree.

Exactly. If you played some pickup basketball during Covid, you were labelled a murderer. But people having orgies with strangers during monkeypox are immune from criticism.

I don't mean to pick on you Parsad, but this is a joke. Canadian hospitals were already overwhelmed before Covid - patients in hospital beds in the hallways has been a regular sight for 20 years. We went into debt a trillion dollars due to Covid, with CERB et al., but we didn't increase hospital capacity at all. Perhaps the first shutdown was needed to give time to react, but after that we should have focussed on creating space in the system for patients. For a trillion dollars, we could have built dozens of mega hospitals, huge wings of ICU care, and completely modernized the medical system. Instead, we paid people to stay home and crushed small business. It was bad policy, but governments focus on re-election and no politician wanted an image of a covid patient being turned away and sent home to die because that would kill their hopes for re-election.

Doom and gloom sells. Fact is that there is way more than enough food for the whole world - the problem is distribution, not supply. Food rots in one country while there is a famine in another.

Got it. Closing bath houses in the 80s didn't slow down HIV, so massive gay orgies should be perfectly fine in 2022 during monkeypox. Wouldn't want to stigmatize anyone, after all.

You are acting like the AIDS epidemic didn't overwhelmingly affect gay men. Why is it so hard to admit that monkeypox is also being transmitted mostly through gay sex? Science says so: a study of recent transmission in 16 countries showed that 98% of those infected were gay men: https://www.nejm.org/doi/full/10.1056/NEJMoa2207323 So no, monkeypox will not be as easily transmitted between Greg and his wife as it will between a group of men engaging in anal sex at an orgy.

I wouldn't count China out simply because of Xi. In any massive economy, business will find ways to ignore dumb rules. And on the macro side, China has huge geopolitical influence throughout Asia and into the Middle East and Africa. Even if the Belt and Road initiative isn't working yet, it's infrastructure and could still bear fruit. I think the biggest intangible is the ongoing effect of the single child policy and the strong work ethic. One grandchild among 4 grandparents - huge pressure to succeed. The surplus of males compared to females just fuels competition even more among the men. Combined with a 9-9-6 work ethic, their society is pretty much guaranteed to succeed. I'm happy putting a high % of my investments in FXI for the long term.

Ulti, you might want to give a quick summary of any link you post or at least an indication of why you're posting it. If you don't include your thoughts about the link, most people will not bother to follow the link, read it, try to figure out why you posted it, and then add their comment. Just my two cents on posting etiquette.

I've been looking at BHP too. It's P/E ratio is 7 or 8 (which is low compared to its average) and its dividend is 13%, with a strong balance sheet. They started raising their dividend dramatically in 2021, but with a yield of 13%, I wouldn't expect it to last. Perhaps if they do cut their dividend, the time to buy would be after a drop due to a dividend cut. Still, it's one of those situations that seems too good to be true, which makes me think I'm missing something obvious. Business expectations have lowered due to China's ongoing Covid shutdowns, but that won't last.

Are you looking at precious metals or mining in general. Your links make it sound like mining in general, but just checking.

The condo couple is a poor example of the housing problem facing young people. Anyone with half a brain will look at the lifestyle being described - spending money on hobbies and frivolous expenses like festivals instead of funding the basics like their home - and will shake their head in disapproval. But that's not the ordinary scenario. You have lots of young couples with more modest incomes and zero chance of buying a plain ordinary home. The average millennial after-tax family income is just $45,000 per year in Canada. Not easy to buy into the home dream at today's prices even if you are "average", let alone the working poor.

According to the Bank of Canada Act, the Bank's mandate is pretty broad: “to promote the economic and financial welfare of Canada.” This goes far beyond fighting inflation.

If you refresh the screen and then hit the "X" while it is still loading, that will get you past a lot of firewalls. Munger simply says in the interview that the fossil fuels industry still has a long life ahead of it and that renewables are also investment worthy. But avoid crypto like the plague.

I like that idea a lot. Thanks. I definitely don't want to be sitting on cash any more. I will pick 2 years as my time horizon - if the market crashes further within that time period, I will accelerate. But otherwise, just shovel money into the market so that in 2 years I am all-in. Of course, this means the mother of all crashes will come in 25 months.

Yeah, I'm guilty of investing with fear and weakness, as well as being trigger shy. I first got started with investing during the 2008 crash. I read Buffett's NYT article and thought, "this is a once in a lifetime opportunity" and convinced my wife to put our life savings into some of Buffett's biggest holding. We were recently married, in our early 30s, doing well. We put $100,000 into WFC, BAC, and various other Buffett holdings, just copying his investments. That was November or December of 2008. We watched in horror as our $100,000 dropped to $50K and then around $30K. We held on, but as soon as it got back to the original $100,000 by about May or June 2009, we pulled it all out and thanked our lucky stars we hadn't lost everything. I've done some back of the envelope calculations and we would have been quite wealthy by now if we had just left it be. Since then, I've been maybe 50% invested in index funds. Total waste of investment time! For a long time, I had my eye on Canadian oil stocks and almost invested the other 50% in it when Cdn oil dropped to negative value but chickened out. Once again, I would be sitting pretty. So I need to stop chickening out. I'm trying... I bought a chunk of BABA averaging about $110 and I'm just going to sit on it (macro view - China is going to eat our lunch so might as well buy into it). And I'm also happy to just buy BRK and forget about it. But since I have at least half my money sitting around in cash still, I want to try to make up for lost time by attempting to "time the market" and wait for the bottom. I sometimes think I'm exceptionally dense...