LC

I would look at the e-sports area as well. There was a blog post a few years back on the favorable economics of businesses which run industry conferences. I think it was in relation to Nielson or Reed Elsevier (now RELX). I forget the exact company. But the jist was, organizing these trade conferences was a good business as you get paid up front by vendors and attendees, and it's a recurring item. To that end, if I were to invest here I would invest in the growth of these e-sports event organizers. The thing with gaming is, it's a lot like VC investing. Every year get tons of trash games but a few massive hits. It's difficult to know which will be the hits beforehand. But event organizers are getting paid after-the-fact, once these hit games have been established. Takes the speculation out of it.

I echo the speculation sentiment. And also the magic card game craze. I think I have a box somewhere I should probably have priced. I'll touch on Artwork: I love buying art and occasionally it appreciates in price. I have no idea how to do it formulaically or even judgementally to constitute an 'investment' operation. But what I do is buy art that I love, within my general price range. But I only buy originals (no prints etc.), and sometimes you get "lucky" in that an artist gains popularity and the prices of their work skyrocket. Concretely, pieces I've paid 500 bucks for, could sell for 10 or 15x that amount (in fact my logo on this forum is one such artist). I'd probably never sell any of them (unless it becomes crazily valued), but otherwise it's a win-win. Best case scenario is you have original, high-priced artwork that you love, worst case scenario is you have original, low-priced artwork that you love.

If you go to Montreal, have a dinner at Pastel (if budget allows). Best restaurant in the city!

Happy 4th! Happy birthday! Most importantly, enjoy the festivities!

They may be the only humans you can be sure about :D

I don’t think anyone is arguing educators inflate their numbers. But I think the point is that if colleges prices hadn’t been inflated so much, this would be less of an issue. In other words, it is not a root cause but rather a symptom of.

Just make these loans default-able in bankruptcy after 8 years.

Attack on Titan. Incredible show!

The Curry's are good stock (heh) I was pulling for the Warriors (boo injuries!) but it's a great day for Canadian basketball, so congrats Raptors!

sold TFSL, RELX, DIS, bought some freaking Visa (not with all the proceeds, just a tiny position) :o :o

I agree with SD especially regarding the working hobby aspect. Will be a better use of your time. But I'd say take 5 or so % and play with that.

The hedge costs should have the IR arb priced in. The arbitrage opportunity is if the hedge cost is <2%. But yes, essentially you would buy a Euro or Yen FX future and match durations to your IR exposure.

https://qz.com/1623418/index-funds-now-account-for-half-the-us-stock-market/ Investors have put $4.305 trillion into passive US stock market funds as of April 30, only $6 billion shy of the $4.311 trillion overseen by active US equity funds, according to a Morningstar report. This month’s data will very likely show that the passive funds have surpassed those that are actively managed.

Raps Dubs...will be great!

Ross, off topic but why metal ducting? Most woodshops I’ve seen use flexible hose as drops.

Screw my previous goals, i’m all in on this one.

Which beach is the question? San Diego area, probably the home itself worth around 1.5m :P Haha that's true. For now, Florida. I think any further south and it'd be too far to justify frequent trips...at that point might as just stay at hotels as others mentioned.

Hah I think you're blowing it a bit out of proportion. The properties - about 1.5m in total. 100k for a plane. Fly that bird myself :) Not too outrageous compared to folks on this board.

Investing is definitely a means to an end: 3 homes (city, mountain, beach) and a plane to travel among them. All paid off. And enough cash flow to live modestly, maybe a vacation once or twice/year. At this rate I need about 7-10 years. Once I hit that, I'll dump the rest into Berkshire and SPY. Life is too short to be looking at stock quotes and 10-Ks.

A good update: https://www.bloomberg.com/opinion/articles/2019-05-15/millennials-are-helping-to-sound-the-credit-card-alarm?srnd=premium First, the charge-off rate among card issuers in the first quarter increased to the highest level in almost seven years Discover CEO Roger Hochschild told Surane in an interview that “in general, we have been contracting credit policy at the margin and tightening” because of the length of the economic expansion. Some 8.05% of outstanding credit card debt among Americans between the ages of 18 and 29 was delinquent by at least 90 days, the highest level since early 2011 The New York Fed report noted that the number of credit inquiries in the past six months, an indicator of demand for credit among consumers, fell to the lowest level since the data begin.

You can also use airline miles for these types of things as well.

I see it a lot. Most professional documentation is worked on by a team (or multiple teams) of people. But yeah it’s super obnoxious when some dude writing from his couch does it.

Tilson is an interesting case. He has been following WB and Brk for YEARS, and yet his own funds returns have been lackluster. Yet, he has still attracted capital and been able to market his funds. I take two lessons from him: 1) Sometimes it's just not in the cards. You can say all right right things, do all the right things, and it just doesn't work out. To me, WT really seemed like (or believed that) he was executing the value investing playbook. And yet, no dice. 2) Despite all this, marketing still works! You can just really be sub-par, but if you spin a good yarn, you can hang around for decades.

Really scraping the barrel with that one, Whitney. Also, funny (and accuerate) poll, RTF ;D

Business in the US is extremely competitive. Munger just said recently to go to China...