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Everything posted by Liberty
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No such thing as bad publicity. All this stuff has been known about before, we're just rehashing it. He's in the news, he ran for president, this is all good for his brand. Oh, but there is such a thing as bad publicity. You think Samsung is happy about every airline having to warn passengers about exploding phones? You think Bill Crossby and Mel Gibson's careers took a turn for the better after they were in headlines so much? A lot of people who didn't see Trump as particularly political before and didn't mind going to a Trump hotel or casino or watching a TV show with him will now avoid these things. I don't even think that's controversial.
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TransDigm Group Announces Tender Offer For Any and All of its 7.50% Senior Subordinated Notes due 2021 http://www.transdigm.com/phoenix.zhtml?c=196053&p=irol-newsArticle&ID=2211602
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Good read: http://atomicdelights.com/blog/why-your-next-iphone-wont-be-ceramic
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Ashlee Vance has a new feature piece on Musk and Tesla, SpaceX, and SolarCity: https://www.bloomberg.com/features/2016-elon-musk-companies/ Also, an update from Tesla on the SolarCity proposed merger, which includes this: https://www.tesla.com/en_CA/blog/update-teslas-combination-solarcity
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Thanks man!
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When things are new, they get extra scrutiny and are faced with double standards. ICE cars have all kinds of problems all the time. Engines fail early, are less fuel efficient as they age, maintenance can be super expensive over time, they catch on fire (just search for car fires on Youtube), etc. I think that to keep things in perspective, we have to consider that EVs can be safer (more crumple zone, better weight distribution with battery in floorpan, etc), cleaner, quietier, have better acceleration and real-world performance (instant torque transfer in AWD models, etc), have lower maintenance costs (fewer moving parts and fluids, no combustion gunk that builds up), and batteries are still falling in prices (while ICE parts aren't). By the time most EV need a new battery pack, chances are the replacement parts will be a lot cheaper than an equivalent pack today.
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So Samsung has halted production of the Galaxy Note 7. Even the replacement phones were having issues. Seems like a fatally flawed design. That can't hurt Apple, right?
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If you can't tell the difference between comments about sexually assaulting women and those comments from Clinton, then you have serious problems. Edit: As a matter of fact, the response from the hardcore Trump supporters on these comments simply validates the accuracy of the "deplorables" comment. Exactly. I suppose it's the blind leading the blind...
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You missed my point. What I am saying is that a risk averse approach yields suboptimal results in life. Yes you can cut your spending down to an art, my point is it still wouldn't make much difference in your life. And if all you want is a simple living free of any modern conveniences, you might turn Amish. I think they beat MMM hands down and they've been doing it for ages. Buffet has become a poster boy for everything these days.Yes he lives simply but he is a capitalist and has billions of dollars. You and I don't and wouldn't get it just by living like him. And he risked a lot in his life. Anecdotal evidence and why this MMM riles me so much. An old friend of ours visited us last month. A 35 year old and a slave of PwC for 10 years. He told me how he just found out about MMM and would cut his spending by 50% and should be "retired" in 10 years. I asked him why don't he just quit now and open his own practice since he already has enough connections to gin up work. He said it is very risky and he doesn't know anything about opening a business He might consider doing it after he retires. A complete wuss who has an opportunity to retire in 2-3 years but instead chose the "safe" approach to slave himself away for 10 years by cutting things. I told him he should consider selling his kidney. Why keep an extra organ? And that is why MMM is so popular because it is a weak approach to wiggle out of your current situation in a "safe" way. The whole thing is a farce. If you are able to cut 50-70% of your spending, what does it say about you to start with? That you were a fool that was wasting away all that money and a blog figured it out for you. What about the job? If you hate it so much that you want to quit in 5-10 years. Aren't you wasting prime decades of your life working on the same job.People don't want to answer these questions because they are very inconvenient to your psyche. Instead "saving" for 10 years and dreaming about the life afterwards is "safe" so everyone follows that. No one wants to risk anything. And that is why these people would make terrible investors and entrepreneurs. These endeavors requires a lot of risk taking and comfort in an uncertain outcomes , a quality that just doesn't develop overnight. And no ,investing in 10 blue chip companies wouldn't make me an investor or an entrepreneur because it wouldn't move the needle for me. Its more akin to investing all your net worth in a nano cap. This is going in circles. I disagree with a lot of what you said. Taking a different path is risk taking, and MMM focuses a lot on increasing earnings, not just cutting expenses. MMM didn't hate his job, nor did I, we just wanted more freedom and variety. Anyway, let's stop here.
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Was catching up with this interview with Musk from the fall of 2015. Some interesting stuff in it, though some others here might be interested: https://www.youtube.com/watch?v=sTIH6ncIXYc