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Everything posted by Jurgis
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I like how everyone gets trolled by ScottHall. Yeah guys, ScottHall is completely serious! Nobody can criticize the zommander in Chief, least of all some kind of puritan roundhead from beantown! Arrest him immediately and force him to disgorge his tax returns investor letters! Throw him across the wall and make him pay for it by reprinting his book!
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There is the Marshmallow Experiment, you don't eat one then later you get two, https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment Yeah, I know the Marshmallow Experiment. The one I refer to was something different and pretty recent AFAIK.
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I did not get impression that Klarman is great marketeer. I got more of an impression that he does not give a f. Yeah, my book is selling for $3K, I could reprint, but who gives a f. I got impression he was also rather bland about his book rather than pumping it as some kind of miracle. Is his fund even looking for more investors? Isn't it closed? I never got a feeling he cared about getting more investors either.
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I've said it in the past, but I'm not really impressed with WSJ. I've had free copies of it at hotels/companies/airlines. Every time I've read a copy I felt it was not worth it. I have a subscription to Barron's and I think it's worth it. I have subscribed to digital Washington Post this year, but I don't read it cover-to-cover and I'm not sure I'm gonna renew. I got free x-week subscription to digital NY Times. Not sure gonna renew that either. Just my opinion.
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Training pigeon to receive reward by not pecking on the light: I've been told that in experiment with US university students about 2/3 could not (would not?) learn the pattern "if you don't do anything, you get reward". I don't have reference to the experiment unfortunately.
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Becoming Warren Buffett - HBO Documentary 1/30/2017
Jurgis replied to valuebull's topic in Berkshire Hathaway
+1 Google better watch their hindside, they are inviting big troubles in this area. Expect to see some major litigation. You guys are aware that all ad money allocation for this goes to original content owner as soon as the content is claimed by such owner (possibly via automatic tools) and retroactively? There is a reason why there are takedowns, but there's pretty much no litigation. -
Becoming Warren Buffett - HBO Documentary 1/30/2017
Jurgis replied to valuebull's topic in Berkshire Hathaway
Nice documentary. -
Here you go: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/your-20082009-experience/ Maybe different from what you want.
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Here you go: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/plagarizing-stock-picks-by-the-greats/20/ There is another thread on this in 2014 too...
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Tesla's tweet was in English. The rest of the article did not say much interesting IMO: some students saw Internet chatter about attracting Tesla to Lithuania for Gigafactory 2 and decided to build Gigafactory in Minecraft. There was a lot of support for that, lots of people are excited, they expect million youtube views, blah blah. (Million youtube views is not a bad moolah though 8) )
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OK: I would like to read a book by Jeff Dean or Demis Hassabis. Two guys with tons of geek cred, interesting lives/careers, and definitely not losers. 8) Make it so. ;D
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What do you want to know? ;) I don't have a one or couple paragraph summary of my insights. Maybe if I thought for a while, I could come up with something. Perhaps I should write a book... ;) Of course, my perception is gonna be colored by mostly-East-Coast, quite-a-bit-of-research-side, a-bit-of-large-company, a-bit-of-failed-startup (yeah, me loser too 8) ) perspective. Right. I guess I discarded his geek cred by his career progression and by his whining in the beginning chapters about his GS trader overlords. ;) Maybe I was too harsh. He makes some good points about certain things. And I haven't finished the book yet.
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Started to read this on the flight. It's not bad, but couple observations: - Part of the saltiness is that the authors of these books (I've also just skimmed through "How I lost 170 million dollars" - crappy book, don't bother; and read the article based on the upcoming/released book by the guy who did Silly Valley TV series) is that the authors are losers. ;) OK, maybe this is harsh, but the critique of SV from a position of "I'm an English/Business major who got into startup, had no clue, thrashed a while, got fired later" sounds a bit like sour grapes. "Chaos Monkeys" author is way more professional than the "How I lost 170 million dollars" though. - Most of these pretend to be geeks writing about geeks. But they aren't. They are English/Business majors and their observation about programmer culture is still an outsider perspective even if they have worked in tech companies for a while. They may have a good business observations and they may have a good writing style, but they don't necessarily have a great understanding of what the programmer side of SV is like. Yeah, they have some very astute observations... and some of their observations are still not understanding the geek side.
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Doh, several feet. I have probably about 50ft of books I haven't read... 8) :-\
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corporate debt going through chapter 11
Jurgis replied to negative alpha's topic in General Discussion
In case of small investor, usually (?) you just sit and wait. I've gone through one of these with an energy company. The results were crap. Bad selection of the debt/company on my part though. -
Thanks for the sentiment. I guess. Edit: Background info: some Lithuanians started a dream mill to attract Tesla to build Gigafactory in Lithuania. There are some official discussions within the government, though they seem a bit far from real discussion with Tesla. Minecraft buildout and this video is a consequence. Tesla's twitter reaction: http://www.delfi.lt/mokslas/technologijos/tesla-pagyre-lietuvius-jie-zino-kelia-i-musu-sirdi.d?id=73653646 And BTW:
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Are u indeed Mr. Pink?!? BTW, I don't know if you know, but "Mr. Pink" was Dan Loeb when he posted on SI...
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FNMA and FMCC preferreds. In search of the elusive 10 bagger.
Jurgis replied to twacowfca's topic in General Discussion
I have bought prefs in Fido last year and before that. But clearly the situation is dynamically changing and Fido does prohibit buying grey/no info stocks, so it's possible that you cannot buy the prefs anymore. I did put in a limit order today just for fun and it seems to have gone through (but not executed, since price is higher): Buy 100 Shares of FNXXX with a Limit Order (Day) at $12.00. So... I don't know. :) Maybe they allow me to buy it because I already have a position... -
Cash? Nah, I think the way to go is to buy airlines. :P
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I'm in SF for AAAI'2017. Pretty busy schedule, but if someone is interested to have dinner or post-dinner chat one of the days of coming Mon, Tue, Wed, (Feb 6-8) shoot me a PM. Not organizing a meetup. :) SF proper only, don't have transportation/time to travel, sorry. I'm staying at Hilton Union Square. This message will self destruct on Wed.
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I can't outdo ScottHall - he's the best - but I still decided to become Trumpian. I'm a rich white guy for x sakes! Go Trump! Screw Muslims, immigrants, women, working class, Mexicans, Democrats, Europe and all the other low energy people. Down with government shit. No taxes baby! Who needs EPA, NASA, public schools, abortions, and assisted suicide. Actually who needs the obstructionist Congress and Senate? Just give this guy unlimited power - none of that lawsuits against EO crybaby business. Gonna buy myself a ranch on DAPL, a bunch of guns and f u commie city liberals. There you go. Born again Jurgis Edit: this is so f liberating! You guys should try it too! Don't be gov't slaves!
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Why a Fire and not an e-ink Kindle? I use my Kobo e-ink device to read ebooks, but I don't consider that a tablet. OT. Well, Fires were just $35. ::) Kobo might be too, but for Amazon DRM-crap-Kindle books, you need Amazon device or something that has Kindle app. (Unless you're a Pirate'arian, but we won't go there). And you can do other stuff on Fires... which I almost never do.
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I have two $35 Amazon Fire 7" for reading ebooks. Oops, sorry, wrong thread. :P (Unless some Apple fans suddenly become value buyers)
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A thread is like a room. A thread like this just so happens to attract a whole bunch of people into a room to incessantly yell at each other. This isn't productive discussion, in my opinion, and it also leaves other rooms vacant. This room is more like a gigantic clusterfuck of an argument that naturally leads to posters becoming more defensive and holding even stronger to their beliefs than when they first began. There is no middle ground left. I know many here who have a libertarian bent and believe in freedom everything. But some things just aren't productive. What frank87 said. Also, this forum - for better or worse - is a community (or maybe "was"). Yeah, there are forums where I only read one thread, but not others because these forums are not communities. In these other forums a single thread may be a community. Here the whole forum was for a while. So, the participation was per whole forum and not per thread. It's possible to say that the forum community is gone and just leave this thread (btw, politics is now creeping into investment threads too, so that might be short term solution). It's not very satisfying solution, but I'll consider that as possible choice too.
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I am for "no politics" policy on investment boards. The benefits of ignoring ~50 members of this forum are not really outweighing the fact that the forum is likely going to disintegrate from the divisiveness. I am considering to leave CoFB. Not that many will care and not that my participation matters, but just an example of where this goes. Good luck.