randomep

hi, where did you get the info that weed is 3x more harmful than cigarettes?

personally, I am very suspicious of someone who markets himself well, and the good perception that results from this marketing. When he donated 750k to a lunch with Buffett, oh boy did he milk it more than if he used it to advertise, when his results are good, boy do we know about it. He puts himself out there so much that of course we want to know his results, but he only brags about his results in good years. When they are bad, we have to ask each other in hushed tones for his results because he threatens to sue anyone who puts his report out there. It is extremely disingenuous for Pabrai to hide his poor results behind the excuse it is against SEC regulations when every other hedge fund is not afraid to do put their reports on the internet. Someone who does that is not a good man in my books. I don't disagree that there is a lot of envy, maybe I am guilty of that also. BUT it is not envy of his results. It is the fact that his research and stockpicking is very poor for someone who gets so much publicity. It is the same type of visceral feeling when I hear justin beber, he can't sing and I can't stand the fact that he is a star and filthy rich! Maybe I am jealous of Justin Beber too! I haven't heard from his talks very much, but the one big thing I learned from him (because he is out there so much) is to not be married to some idea, and to not be so sloppy in ones research, basically not be so arrogant to try to beat the market doing less work than your peers.

That is funny, crumbling foundation, sagging floor support, rafters moved, among so many other problems. The "house" should be purchased just for the land, and demolished. But get this, it is sale pending according to zillow. And looking at the price chart, it was valued at $120 k just 5 years ago. What is causing Boise real-estate to be so hot? Guess I am not going to judge until I find out the final sale price. I am keeping the home inspection report as a reminder of the purpose and need of the home inspection!

Does anyone have his fund's results for 2020 and Q1 2021? I am really curious...

Speaking of IBKR, apparently it doesn't cover certain international stocks that fidelity covers. I tried to transfer the following, BTW does any know what the heck DTC eligible is? EUROPEAN RELIANCE S.A. EUR0.63(CR) ISIN #GRS277023008 SEDOL #5212770 (ERPRF)IBCS 2021/04/15 09:11:29 Dear Randomep, IB does not trade ERPRF / Security cannot be added: Not DTC Eligible - Not in DTC file: IB offers only DTC-eligible securities.

I follow calculatedriskblog.com and the author persistently predicts that housing prices are only going up because of very limited inventory. In bayarea peninsula where I live, I got a shock. My area has these houses all built exactly the same in the 50's. So the selling price is pretty much the same, around $1M, this one house listed at $1M sold for $1.3M, I follow my local market and I've never seen that before! A look on zillow at my neighbourhood clearly shows NO houses for sale. This was a real-life lesson in enconmics, when demand is there and supply is none, someone will pay $300k above what the last guy paid!

Ya looks like the word greedy is redundant!

About the wait times: I can assure you the US vs Canada is no different. I had to call several US brokers regarding stock transfer problems and the average wait time in one week was 4hrs. Yes you heard that right. I just worked at my desk and set an alarm around the time when the expect wait is done. But I feel canadian brokers/banks are a big huge ripoff when it comes to fees. They charge for everything, invactivity, minimum balance, etc. US IBKR charges almost nothing for currency exchange, other US brokers like Fidelity charge 1%, TD Canada? 2%! I need to know some good brokers in canada.

I liked the video, I haven't heard the aesop analogy. My one comment is that people think of growth and value are two points of the opposite spectrum in one dimension. It is not. But can we say they are orthogonal? I thinkso...

68 By the end of the Japanese bubble, condo prices within a 12-mile radius of Tokyo spiraled to more than 10x wage earners' annual income Why is this a big deal? Isn't the general rule of thumb that a house should cost around 10x salary? Because right now in silicon valley that's what it looks like now...... oh right we are in a housing bubble...

Looks like your perspective is that it is proof that groupthinking is focused on inflation. On the other hand, my perspective is based on what groupthinking has been doing, i.e. trading treasuries around all-time low yields and trading stocks around all-time low earnings yields, not taking into account risk of inflation showing up. Two different perspectives. I'm not saying inflation will show up in what CPI measures for sure or will not show up for sure. I'm saying we need to pay attention to both probabilities with a cool head instead of getting fixated on one extreme. Sure there are people that choose to trade and there are those that don't. Does anyone in CoBF trade treasures? I sure don't, I have 1% of my net-worth in bonds and that's only cos it is in a 401k where I have very little else to go to. Or maybe CoBF are just really original thinkers cos they follow Munger and Buffett, who would detest treasuries.....

Groupthinking has been thinking that the current inflation and interest rates at around the lowest level in decades will stay this low forever. That is still the real risk. I beg to differ again........ Groupthinking to me means, thinking something that doesn't require a lot of imagination, cognitive dissonance, basically brainpower and is repeated over and over....... Let's see, in every fed meeting for the last 12 years (I am sure) inflation fears have come up, that is broadcast around the world. Inflation fears are brought up by other central banks all over the world too. Republicans in congress are arguing against stimulous because of inflation fears, I think if there is one group of people guilty of groupthink it is the republicans. When I was young, during stagflation in the late 70's there was a lot of talk of another great recession because many people walking around experienced the great depression. Now many people can easily fear inflation because many have personally experienced stagflation of the 70s. I am not saying inflation won't happen, I am just saying it doesn't take high IQ to think money printing == hyperinflation. On the other hand, understanding why Japan is printing money like zimbabawe and is still experiencing deflation takes superhuman effort.

ya I want sanity and stability...... and most long term investors also would........

Sir I beg to differ. I bought a very average honda suv for $26k, including added after market self driving. If we go back in time to 1990, how much would such a car be worth? I mean it can almost drive itself on hwy. Based on the inflation calculator prices have doubled from 1990 to now. So can I buy a smiilar car for $13k then? I wouldn't think so, so there..... in terms of suvs the price real costs have gone down. In terms of computers, I can buy a minimalist non-laptop computer with a basic monitor for about $200. In 1990, that computer would cost 2-3k? Cell-phones? they didn't exist. Jeans, I remember I had to work hard to save $50 to pay a decent pair of jeans, now? $20! I was a kid and we weren't wealthy and I wanted a chess clock (the type you see on the Queen's Gambit on neflix), those cost $50-80, I had to deliver papers to save up to pay for it. Now? we got the digital chess clocks that are much better, and they are $35, so now I can get a better quality product for less than 1/2 price. Travelling by airlines was a luxury, now it is so common it is like taking a bus. I feel we all just too easily fall into groupthink and don't challenge the complaints and negativity in the media. Inflation index calculates the average living expenses and for the most part I feel it is an accurate reflection but the cost of really long term assets like land and money generating assets, have gone to absurd levels..... cough cough hmmmm tesla cough hmmmmm.