Seth Klarman's Margin of Safety is a book that literally sells for thousands of dollars online. It's quite rare, as only a few hundred copies were ever printed. Here's a PDF version that I found for anyone that is interested. 4_5985509768515553987.pdf Downloaded! Thanks! You're welcome! I'm reading...

Seth Klarman's Margin of Safety is a book that literally sells for thousands of dollars online. It's quite rare, as only a few hundred copies were ever printed.

Here's a PDF version that I found for anyone that is interested.

Hal wrote: ↑Fri Sep 22, 2023 6:18 am This caught my attention while poking around Tylers site! Obviously Gold was not much use in Spain in the 70's. If you used 50% 10year bonds to more closely approximate long term bonds the results were even worse.

OUCH!

I think this really highlights the importance of global diversification.

I know Steve Bannon is the devil in some people’s eyes (and on South Park), but I have to admit, he’s an excellent speaker. In the opening minutes, talking about AT&T stock and the financial crisis…it’s just good. I’m not saying I’m aligned with the guy. https://youtu.be/pm5xxlajTW0 And special...

barrett wrote: ↑Fri Sep 22, 2023 7:01 am Double posted something. Sorry about that!

Your punishment is 10 lashings with a wet noodle.

old thread, old pick. It is not my next pick. There’s an interesting article in the WSJ about Apple’s struggle to replace Qualcomm’s modem chip with something in-house. It’s relatively difficult compared to designing their own microprocessor. In the meantime, Apple will buy the chips from Qcom thro...

Canada and the USA are exceptionally economically and politically aligned. If Canada is getting nuked, it's probably because the USA is getting nuked too, in which case I think my point still stands. But are we really worried about 1st world countries getting nuked? And if we are, isn't mere surviv...

Nah, they didn’t really show up. Neither world war resulted in invasion of U.S. territory like Germany. A nuclear bomb was never dropped on the U.S. like Japan. The Cuban Missile Crisis was similarly peacefully resolved. There’s never been a political coup. The market has never gone to zero like ma...

dualstow wrote: ↑Wed Sep 20, 2023 6:59 am Lot of wisdom in your Sun-tzu quote, Smith

Never underestimate how much a man with a pocket full of nearly expired Subway coupons can eat.”

- Sun Tzu, 503 BC

He was truly ahead of his time, wasn't he?

dualstow wrote: ↑Tue Sep 19, 2023 6:41 pm Be careful, Mom Smithers!

Fortunately, it's an induction cooktop, so quite a bit safer!

dualstow wrote: ↑Tue Sep 19, 2023 2:28 pm Btw, it looks like you left a burner on.

lmao!!! That's my mom's place. She does that all the time.

Thanks though!

I never do that because I never cook.. LOL.

I can't believe I hadn't heard of King's Quest. I had to google it unfortunately. It looks like this would have been right up my alley, but maybe just a little before my time? It’s possible that Tortoise and Xan and i even played different generations of it. Mine was on a floppy disk, the big thin ...

Okay.

This is Lily post false fire alarm.. visibly miffed.

vnatale wrote: ↑Sun Sep 17, 2023 6:33 pm
The forever lovely Lily!

I told Lily about you. She said she wants to meet your cats.

I can't believe I hadn't heard of King's Quest. I had to google it unfortunately. It looks like this would have been right up my alley, but maybe just a little before my time?

https://papers.ssrn.com/sol3/papers.cfm ... id=3689958

I based a lot of the above on this paper.

but risk did show up . we have had crashes including losing 24% in one day , wars , the collapse of the savings and loans , the great recession, covid shutting the world down , the collapse of the dot coms , recessions , etc. those returns were with all the risk showing up. if it wasn’t for that fa...

If you go back to 1980, a $10k investment in stocks would be worth over $1 million now. PP would be $200k and ST Treasuries $99k. Impressive indeed. For the person who can stomach the stock market's wild multi-year swings without bailing, and also has a crystal ball that assures them no financial o...

Elegant looking Lily.

Takoyaki is extremely yummy.



That is all.

Our Sophie is back.

dualstow wrote: ↑Sat Sep 16, 2023 9:18 am
I didn’t realize that ios/ipadOS Notes could be saved as PDFs. Takes a lot of button presses, but that’s handy.

I didn't know either till now. Good to know. Thanks.

I think gold will still have relevance in the decades to come. I don't see Bitcoin being a threat to gold so much as it is a complement. Gold has long stood alongside silver and copper, as an example. I think Bitcoin and maybe a couple other cryptocurrencies have simply enlarged our set of viable o...

I think it was debunked at least 2 years ago but always good for a laugh. :-) My best friend is obsessed with aliens and UAPs (like, Joe Rogan level obsessed) and has been giving me all the updates day by day. He's convinced that the UAPs are legit alien spacecraft piloted by extraterrestrial lifef...