Jurgis

I have not read it yet, though I've read some of Anders Ericsson's articles. $2.99 on Amazon: http://a.co/1oLgOLv I was also looking at Grit: The Power of Passion and Perseverance by Angela Duckworth She has done shared work with Anders Ericsson. Let me start a separate thread on that.

https://www.npr.org/sections/thetwo-way/2017/12/01/567710447/worlds-largest-battery-is-turned-on-in-australia-as-tesla-ties-into-power-grid

Thanks. 8)

Hmm, I still see old Google finance with any link I use. Perhaps some setting in my browser makes them show old site.

Hey. I think you covered this elsewhere, but let me ask in context of this case. 8) Assume one invests something like $20K into this. This gives about 1707 shares of NEWS. Then the possible gain is about $.70 per share, which ends up being ~$1195 or 5.9% return on original investment in 3 years (I did not annualize). I guess your argument is that you get back most of the original investment in a month, so it's not fair to calculate the return this way. (Although I still don't understand how you get 30% IRR). But you still have to tie a lot of cash if even for a month. And your argument - which I don't dispute - that this is the reason why the opportunity exists and not many investors pile in. Also on absolute terms, unless you pile in something like $100K+, the absolute return is very low. But then piling in $100K may become problematic in getting position at cheap price. And it ties even more cash. And it exposes even more cash for unexpected catastrophic risks (e.g. suddenly company discovers fraud and merger falls through and you lose XX% on your big cash investment). :-\ Anything I am missing in terms of pros/cons? 8)

When Yahoo "improved" Yahoo finance, the Canadian Yahoo finance site also had old setup for a while. And then they changed it to new. So don't expect Google's .ca to remain with old functionality.

Buying bitcoin is not zero or one decision. ;D

That happened to me once. They left a note saying they needed some ethanol. They also left a stock tip for me as thanks. ... If only I had understood what they meant by "buy a googol of yahoos". :'(

Disturbing, not that I want to trade anything now but... Good that it happened on a quiet day, no? 8) Let's see when they fix it and if they offer any explanation. Hopefully not a complete takeover by Russian North Korean alien hackers.

It's a good writeup, JayGatsby. 8)

This should be posted here (and might explain recent FRMO runup): https://www.barrons.com/articles/q-a-why-a-value-investor-decided-to-buy-bitcoin-1511810246 (thanks mcliu for posting the link in http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/do-you-think-bitcoin-is-a-safe-store-of-value/380/ ). Disclosure: I sold FRMO near this year's bottom. No plans to buy back. No plans to participate in this thread, so the above is just FYI.

I read the book. There's a number of books by astronauts nowadays. I've only read this one, so it's hard to compare, but it's possible that they cover a lot of the same ground. I got couple interesting insights from the book. Somewhat spoilers below... don't read if you don't want to know... The book de-mythologizes and de-romanticizes astronaut job a lot. In essence, it's 99%+ repetitive training on Earth. You train for years... and then you might not even fly. Big spoiler: after Shuttle was grounded, every astronaut or astronaut candidate over 6'something suddenly was not going to fly again. Cause Russian ships can't take tall guys/gals. Here goes your 10 year training+ and your dreams too. Then the launch, the flight, etc.: I'm sure it's a lot of fun and wonder to go to space and to look at Earth from there, but the book covers all the physical issues. In short, hold your piss, hold your crap, hold your vomit. They can't go to craphouse for X+ hours during launch and until they dock ... I don't remember details anymore, but it's not much fun. Then at the ISS everything is an experiment. So not only you have to piss and crap in zero gravity, but you also have to take samples, etc. Fun. ::) They return to Earth and then cannot walk for month+ since the muscles degenerate even with all the exercise in space. If you are unlucky, you break your bones while landing or getting out of capsule. Ground crew drags you out if there's no emergency, so that you don't break something. On the positive side, you really have to be very positive and you have to be go getter to get through the selection process. He tells a lot of how he got into astronaut lists (multiple times) because he did a lot of extra stuff (mission control, learning Russian, Russian comms, etc.) that pushed him up the list. This might be useful for people trying to achieve something hard. In short: get the book, read it. Give it to your kids who want to be astronauts so they know what they are getting into. Also: hate to be negative, but good luck Elon to get 1000+ people who would like to do that Mars trip. ;) Yeah, I'm sure a lot of people want it, but most of the ones who want it don't have a clue what they would get into.

I really hope Tesla can work out production issues and actually produce M3, semi, roadster, etc. up the wazoo.

http://www.businessinsider.com/elon-musk-just-met-his-100-day-deadline-on-a-50-million-bet-2017-11

Chamath Palihapitiya @ Stanford

Apologies. Thanks Doo. Happy Thanksgiving all.

It took 3 posts to turn this into politics thread...

https://www.washingtonpost.com/world/asia_pacific/for-north-korean-soldiers-recovery-south-koreans-are-pinning-their-hopes-on-this-doctor/2017/11/22/83c95cb8-cf80-11e7-8447-3d80b84bebad_story.html?utm_term=.0d604a4066c1 Great work by South Korean surgeon trying to save the N. Korea defector's life.

Switched to FWONA and LILA long time ago. So any ideas of how to set up alert for ratios for all of these?

Defend net neutrality, defend Internet! https://www.eff.org/deeplinks/2017/11/today-and-every-day-we-fight-defend-open-internet

When the ratio gets close to 1:1, switch to A. When it goes to ~1:1.05, go to C. Rinse, repeat. It used to roundtrip more often, now less. It would be nice to have an alert for this (and other Liberty multiclass shares). Anyone has ideas where/how?

I am not interested in Tesla as investment. I believe they are doing great things and I believe they will do more great things if they don't implode. I support them a little via interest-free loan (M3 deposit :D) and some shares that I hold. My biggest concerns are that 1. If Tesla implodes, it could destroy other Musk companies due to various interrelationships, which would be sad. 2. Elon might drive himself to early death (or at least huge burnout, health consequences) with his overwork. This would be sad too. Dum Vivimus, Vivamus! 8)

I wonder if the multi-tier multi-sub structure is great for companies and/or consumers. Yeah, I understand somewhat the reasons why PCLN owns Kayak, Momondo, etc. And I understand why Kayak, Trivago, etc. sell the inventory to PCLN, Expedia, etc. But I still wonder if this leads to poisonous intersub relationships, infighting, subpar capital deployment decisions, etc. On the customer side, this is also somewhat an issue: I can see where customers would drive for Trivago's request that the search goes to a specific hotel page instead of adding another layer of search results in between. Maybe it all works out OK for companies. I'm a bit uneasy about it is all. (This also relates to possible TRIP acquisition.) Disclaimer: I did not graph the full web of sub/company relationships on who owns what and who advertises on what. There may be mistakes in paragraph above.

I'm happy that Jeff Bezos does not listen to you, since I think we all have enormously benefited from his investing at any cost to spur revenue growth no matter what type of return the invested capital will get. Same for Elon Musk. Can we have more of such people?