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Just finished reading his book. Great read.
+1 Agree
Numbers are strange things in that there’s often more behind the raw data (like dividends) than first meets the eye. But it is worth noting that, according to Sorkin (interview), the initial dr…
Chuckle , chuckle , chuckle!!!
I’m sure @F1000 will respond to my earlier query and confirm that as an avowed Trump supporter he is indeed donating to the ballroom along with instructions on how we average folks might join that ”select” group. I ha…
”President Donald Trump stating that it will be paid for "100 percent by me and some friends of mine, donors" , the administration has not released a comprehensive list of donors or a public fundraising mechanism.”
We used to call that bribery.
An…
Palantir, which is also a donor for the White House’s new ballroom that is under construction, just inked a contract with the U.S. Army worth up to $10 billion over the next decade.
Wonder what you’d get if you sent in a $1 donation for the ballroo…
Something sounds paradoxical about an “open” bubble?
Sing it with me..........."The wheels on the bus go round and round. Round and round. Round and round".........
Another record high today. No end in sight to the wealth being generated.
(Now, b…
+1,2,3 Thanks @Crash. Awesome Sorkin interview. I’ve only gotten 10 minutes in. Interesting that Sorkin uses the same “free money” term I used earlier. He’s certainly an engaging speaker.
Wait, Sorkin is a regular on CNBC. Yes, I recognize him.
I don’t watch CNBC. No idea what Sorkin looks like. He narrates the book (exceptionally well), an onerous chore, which is not typical of most audio books where someone other than the author n…
As a 10 year old kid in the 50s we learned at school (and thru our Weekly Reader) that as science and technology progressed it would lead to shorter and shorter work weeks for the average Joe as they partook of the benefits. Sure as hell didn’t wo…
"I have always been regretting that I was not as wise as the day I was born" - Henry David Thoreau
Well, yesterday a stock I’d bought only the day before, CZR (less than 2% portfolio weight), began tumbling before the open. I sold it at a 9.5% lo…
Too far over my head at the moment … The wide and growing wealth disparity is already a source of angst not just for you and me, but for some of the wealthiest who have at least paid lip service to it like Buffett and Dalio. On one hand, there exis…
Did anyone think to ask AI.
Here’s what he she it said when I entered your question:
If artificial intelligence replaces most human jobs, the primary concern is that widespread unemployment would drastically reduce consumer spending power, potent…
On CNBC a few weeks ago he mentioned that today is like Oct 1999, and everyone is “partying like it 1999”. “Remember, Nasdaq went up 88% from Oct 1999 to Mar 2000.”
Here, he is saying that we may have a dip in next few weeks and then may have a …
Rieder is a well known media celebrity and smart money manager. Always upbeat. If selected it would probably be with the expectation he could serve as market ”cheer-leader” as they pull out the stops to try to keep the pig flying another year. B…
I haven’t held a true “equity fund” in ages. I like hybrid funds. But, no. I’m not adding to equities! My very good long-short fund (CPLSX) has been falling of late. That’s a sign to me that markets (especially U.S. equity) are overvalued and wil…
”It sure was a fine example of an Emily Litella rant.”
Thanks for the clarification. I thought perhaps a parody of a half snockered Fox News personality.
“pity party”? LOL Just pitifully piddling verbage
LOL - FD doesn’t know what half the words mean in the garbage he posts nowadays. Are we supposed to believe he’s a successful investor? Dang!
@Mona nailed it.
Glad I didn’t stay up for the end. That was a weird looking pickoff play for sure. Never seen or heard the likes of it. ISTM the ultimate responsibility is with the base runner, late call or not. Often a batter will toss the bat and begin walking to…
Spot on @Mark. Politics aside, this is not FD’s writing. But it’s not something in the current press either as far as I could tell. (Does sound a lot like Tucker Carlson to me). I ran it through a text analyzer and an AI detector. The text analyzer…
Just checked. I remain signed in which is the normal setting. Youf situation sounds odd. Haven’t had issues with M* sign in that can recall. Good luck.
Not meant to disregard the good precautionary advice. I’d be wary too. But it occurred to me there may have been recently added to the card some “rewards” which in turn might constitute taxable income. So the request for a SS number might be for t…
No way to know because every crisis or bear market is different. With bond (“income”) funds I always look at the M* “portfolio” section which shows the % breakdown of the bonds held from AAA (top grade) thru BBB (lowest investment grade) down to …
The Detroit Lions moved to Pontiac, a city 31 miles away, sometime around 1970 when the Silverdome opened. But for some strange reason remained “The Detroit Lions.” Then the Silverdome was ripped down sometime around 2000. I don’t know where the…
Losing my short-term memory of the news du jour might make my last years easier.
Maybe I should be looking at something to dull the brain?
Appreciate the insights. I was fairly certain @Old_Joe hasn’t been using anything. :)
My doc gives me stuff…
All of us could benefit from a rereading of Orwell’s 1984. What I remember most is that the “enemy” kept changing. One day they were at war with one country and the next day it flipped and they were at war with another. I think the citizens became…
@hank: Did you see all world Wamby?
Watched Wamby play for the Spurs a couple nights ago. Bet a few cents on his team (favored) and won a bit. The guy is 7’5” tall. It’s a wonder he can even walk at that height. Main value seems to be in reboundin…
Here’s a cut & paste from the Technical thread I started an hour ago. Really weird. Has some “far right” org. hacked us?
“After I posted in the inflation & other thread, the post seemed to disappear completely. So, I re-wrote and repos…
Those (inflation) numbers do not comport with my own experience. It feels greater than what the BLS has published. Some time ago I cited a replacement window identical to one purchased 7 or 8 years earlier. The price had jumped from $400 to over $70…
“Did you guys listen to it?”
Yes, I listened to the first 50% of the video - about 20 minutes worth. Somewhat familiar with Housel having purchased and listened to one of his audio books a year ago. And I caught a recent interview Meb Faber did wi…
Housel says he’s betting to come out ahead 50 years from now on today’s investments. Must be nice.
It sounds pretty recent @Crash. He talks a good line. And his books sell. Not my cup of tea. But many find him inspirational. :)
Some bio on Hous…
”Remember that at 2% inflation it takes 5 years to lose 10% of purchasing power, still a problem for those on fixed income. But at 3% inflation, the same 10% purchasing loss occurs in around 3 years. A significant difference.”
$100 now equals $90.5…
