LC

The only one I can really think of is shorting another highly-correlated-but-not-too-similar asset. But then again it's difficult to find such an asset.

I really enjoyed WB’s partnership letters. They are relatively easy to digest and he does a good job of explaining the principles underlying his investment decision.

Sure, and we are all grateful that AOL popularized home internet back in the 90s. But that doesn't mean I am going to be an AOL customer today.

This was the smoking gun in retrospect, although as it has been correctly noted, not really too important.

Or the zilions of brokers that allow purchase of partial shares. Robinhood is crap. Look at all the GME / wallstreetbets investors who were screwed when robinhood restricted trading. They are pure garbage in my eyes.

Another case of "should have bought more" a month ago

No, I was referring generally, and also as a WFC shareholder it is not the crux of my investment either.

All banks have fat. WFC has more than the rest, and it has been this way for a LONG time. I'm just saying cost reductions shouldn't be the sole driver of your investment thesis.

So I finally started an Instagram account and this is essentially the original facebook, just image-centric. And it is great. I bought some stock a few days ago and like others here, wish I bought more. To add color here, I think my original premise is still true: FB's core competency is migrating users from social platform to social platform. To add to that, each migration should (1) add some value and (2) remove unwanted features. A month ago when I posted that, I was unsure whether FB had successfully done so. Now I see that they have. Instagram is essentially the de-facto social network a la Facebook of 5-10 years ago, and actually the advertising is done much better. Also there is a sticky effect. It's easier to migrate platforms under the same umbrella, you can import friends, contact information, media, etc. Future platforms can be purchased (regulatory risk of course) or a copycat platform can be created. I don't think it's a bad bet...

I did the same. Prefer puts but the premium is a bit high. NFLX has quite a bit of headwinds ahead of it. Competition is not going anywhere and will just intensify, I am not sure where they can squeeze additional growth, and with COVID winding down, my guess is more people would prefer to be outside vs. their living room. I also rarely short so this is a smaller % of the portfolio compared to Greg's above.

I think it is a great topic. Max world population estimates are I believe 8? billion. So we have some room to grow, still. More interestingly will be the efforts to maximize human resource allocation. How much of the world is in poverty? Uneducated? No/Low skilled laborers? The big question to me (moreso than AI which I think is a bit of a distraction) is how societies will utilize these people.

Well, I'm going with history. I've said it a few times - humans have been smoking for 2000+ years. I don't think anyone is going to change that.

"18 holes" "night fishing trip" Are these expenses already baked into RCI Holdings price or are we looking at one time earnings surprises here? ? https://www.rcihospitality.com/

https://www.theguardian.com/us-news/2021/apr/17/peloton-treadmill-us-regulators-child-death

Why not just make it an option?

There is a setting in your account settings you can select for how to navigate topics.

Will echo york's question above - is anyone interested in gold or been following Kinross? Valuation looks OK and you get potential exposure to all the gold/storeofvalue drivers.

I echo the sentiments on readability. I attached two screenshots here to show. The first is DD's comment above, in this thread. So much wasted space on the screen. The second is opening the first page of a forum topic. To actually read the thread's content, we find the first post by muscleman finally occurs at the bottom 3% of the screen.

A much higher probability MLB will still exist in 20 years vs a consumer retailer. Same bet I have on cigarettes. In 20 years I think people will still be smoking tobacco. Have for thousands of years, I’m guessing the trend will last another 20 years.

Asked and answered already:

Forget trying to pick winners/losers, one exercise I always found interesting was simply trying to determine which businesses would still be around in 20, 30 years (and not as a shell of themselves). If you can do that, just bUy tHe DiP as they say.

Most may have seen already but posting here as well: https://krebsonsecurity.com/2021/03/whistleblower-ubiquiti-breach-catastrophic/ The whistleblower is referred to as "Adam" in the below.

I have never treated home inspectors as liable for anything. They should all carry insurance in case they damage something in the course of an inspection, but if they “miss” something which turns into a huge deal, I would never expect to have any course of action against them. Caveat emptor.

I bought some Visa a few days ago after the bad news.

This is the original idea of a "hedge" fund.