Search found 3501 matches

by Smith1776
Mon Mar 16, 2020 6:39 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

That's something of an exaggeration. It's better than the traditional methods of stirring up animal spirits.
by Smith1776
Mon Mar 16, 2020 6:35 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

What consumers need right about now is Andrew Yang's Freedom Dividend.
by Smith1776
Mon Mar 16, 2020 6:30 pm
Forum: Other Discussions
Topic: Vanguard!
Replies: 15
Views: 3708

Re: Vanguard!

Kriegsspiel wrote:
Mon Mar 16, 2020 6:29 pm
Any company that doesn't give you the option to have them call you back, instead of waiting on hold, has a 'tard-level of customer service.
You, sir, speak the truth.
by Smith1776
Mon Mar 16, 2020 6:30 pm
Forum: Permanent Portfolio Discussion
Topic: Transitioning from a Boglehead 60/40 to Permanent Portfolio
Replies: 55
Views: 16800

Re: Transitioning from a Boglehead 60/40 to Permanent Portfolio

There are occasional bright spots, but I have to agree with the assessment about groupthink in the Bogleheads community. It's really not just groupthink either. Everyone there is incredibly rude and bullying, and it's an environment that just isn't "fun." Before Larry Swedroe left he basically said ...
by Smith1776
Mon Mar 16, 2020 6:25 pm
Forum: Variable Portfolio Discussion
Topic: Is there a firearm stock I can buy..?
Replies: 10
Views: 3465

Re: Is there a firearm stock I can buy..?

Sturm, Ruger & co and Vista Outdoor may be worth investigating.
by Smith1776
Mon Mar 16, 2020 6:17 pm
Forum: Other Discussions
Topic: Are airlines worth having?
Replies: 15
Views: 4254

Re: Are airlines worth having?

https://youtu.be/2a9Lx9J8uSs

This is the speech. Start at the 17 minute mark and you will hear it.

It's a stale statistic but nonetheless noteworthy.
by Smith1776
Mon Mar 16, 2020 6:07 pm
Forum: Other Discussions
Topic: Are airlines worth having?
Replies: 15
Views: 4254

Re: Are airlines worth having?

Yes, that particular tidbit about the airlines in aggregate not making any profit since the Wright brothers can be attributed to a Warren Buffett speech made a number of years ago. Curiously, he has since bought airline stock since then, as I'm sure you know. I personally think there may indeed be s...
by Smith1776
Mon Mar 16, 2020 6:06 pm
Forum: Permanent Portfolio Discussion
Topic: Transitioning from a Boglehead 60/40 to Permanent Portfolio
Replies: 55
Views: 16800

Re: Transitioning from a Boglehead 60/40 to Permanent Portfolio

Call me salty, but I have zero sympathy for Bogleheads who have derided the PP only to find themselves in dire straits now.
by Smith1776
Mon Mar 16, 2020 6:03 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

Today was definitely the "come to Jesus" day in NYC. The virus is hitting hard. The city is practically shut down. Over the weekend, my hospital/med center had us suspend almost all research (animal & human), mandated that everyone who wasn't "essential" must work from home, cancelled all elective ...
by Smith1776
Mon Mar 16, 2020 4:33 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

Libertarian666 wrote:
Mon Mar 16, 2020 4:24 pm

How about if he is wearing an obesity suit?
In other words, I think earnings are going to be horrid for a long time after this is over from a health care crisis point of view.
Yup! I could very well be absolutely dead wrong.
by Smith1776
Mon Mar 16, 2020 4:07 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

My admittedly limited understanding of Graham is that you have to do the analysis based on actual known information. Do you know what earnings are going to be? Your guess is as good as mine. My analogy is this. If a man walks into a room and is clearly obese, I don't need to know he weighs precisel...
by Smith1776
Mon Mar 16, 2020 3:58 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

Before adopting the PP and passive investing in general, I was the biggest Graham/Buffett advocate. But since I'm relatively young I never really had a market environment when stocks generally had demonstrable bargains. I'll by coveting my copy of Security Analysis tonight and looking at some 10Ks b...
by Smith1776
Mon Mar 16, 2020 3:20 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

pmward wrote:
Mon Mar 16, 2020 3:12 pm

10 year treasuries are yielding 0.72% and S&P 500 ETF 30 day SEC yields are all around 2.25%. By that metric, stocks in general are a bargain. An inversion of stock yields to bond yields should never happen, and that extreme of a spread is not sustainable.
It’s bargain hunting time in the VP!
by Smith1776
Mon Mar 16, 2020 3:06 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

Holy shit guys. The Dow has dropped 13% today alone.

There are actually some Grahamian bargains that are now popping up with particular hard hit stocks/industries. Cineplex has fallen 80 some odd percent since this all started.

Also, I’ve watched Contagion like 3 times as many weeks at this point.
by Smith1776
Mon Mar 16, 2020 12:52 am
Forum: Stocks
Topic: Stock scream room
Replies: 1438
Views: 644872

Re: Stock scream room

The opportunity that Warren Buffett and his 100 billion+ dollars worth of cash have been waiting for has arrived.
by Smith1776
Mon Mar 16, 2020 12:51 am
Forum: Permanent Portfolio Discussion
Topic: Anyone here sorry that they have the PP instead of a Boglehead portfolio?
Replies: 21
Views: 5876

Re: Anyone here sorry that they have the PP instead of a Boglehead portfolio?

Libertarian666 wrote:
Sun Mar 15, 2020 11:26 pm
dualstow wrote:
Sun Mar 15, 2020 9:03 pm
Not thrilled that I am still stock heavy if i’m including the vp.
It was a great ride until it wasn’t.
But that's your VP. How about your PP?
Dude, you can't just go around asking people about their PPs.
by Smith1776
Mon Mar 16, 2020 12:43 am
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

Honestly, I’d love to share my comedy work with you guys, as I consider you friends. But of course, posting about it here would necessitate giving away both my appearance and identity in a totally public forum. I’ve been thinking of how I can share more discretely. Perhaps starting a thread and PMi...
by Smith1776
Sun Mar 15, 2020 10:56 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

Honestly, I’d love to share my comedy work with you guys, as I consider you friends. But of course, posting about it here would necessitate giving away both my appearance and identity in a totally public forum. I’ve been thinking of how I can share more discretely. Perhaps starting a thread and PMin...
by Smith1776
Sun Mar 15, 2020 5:34 pm
Forum: Permanent Portfolio Discussion
Topic: Is there a more perfect "bunker" in light of Coronovirus?
Replies: 15
Views: 6080

Re: Is there a more perfect "bunker" in light of Coronovirus?

dualstow, your sig reminds me of Tom Hanks' character Robert Langdon in the movie Inferno.

An underrated movie IMO.
by Smith1776
Sun Mar 15, 2020 5:30 pm
Forum: Permanent Portfolio Discussion
Topic: Anyone here sorry that they have the PP instead of a Boglehead portfolio?
Replies: 21
Views: 5876

Re: Anyone here sorry that they have the PP instead of a Boglehead portfolio?

Haha. What I really find interesting is how much higher one's quality of life is when you don't have your life savings riding in an unbalanced wreck of a portfolio. I'm viewing all of this stuff from a place of detached curiosity. Andrew Yang in his podcast with Joe Rogan remarked that if you give p...
by Smith1776
Sun Mar 15, 2020 5:15 pm
Forum: Other Discussions
Topic: Tortoise's baby
Replies: 17
Views: 4374

Re: Tortoise's baby

I hope to be a father one day. I want to be married by the time I'm 40 -- currently 31. And I want to have children shortly after. If that's your plan, and if you want your children to share your DNA, then I hope you plan to marry a woman at least several years younger than yourself :) Seriously......
by Smith1776
Sun Mar 15, 2020 4:27 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

The fed just announced they’re cutting their target interest rate to zero.

We may even see negative rates coming soon ala Europe.

I’m very interested in seeing what will happen to the PP tomorrow.
by Smith1776
Sun Mar 15, 2020 3:58 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

My employer has closed all stores for 2 weeks officially starting today. All non-essential people at head office are to be working from home too. Basically just a skeleton crew. I’m resisting the urge to add Coronavirus jokes to my next stand up set. EVERY comedian is doing it, and apparently audie...
by Smith1776
Sun Mar 15, 2020 3:54 pm
Forum: Permanent Portfolio Discussion
Topic: Is there a more perfect "bunker" in light of Coronovirus?
Replies: 15
Views: 6080

Re: Is there a more perfect "bunker" in light of Coronovirus?

I missed 2008 in an investing sense. And this is starting to “smell” a lot like it.

I agree with dualstow that simply rebalancing and trusting your I̶r̶o̶n̶ ̶m̶a̶n̶ ̶s̶u̶i̶t̶ pp/gb allocation to protect you is the way to go. If you were 60/40 I’d say all bets were off.
by Smith1776
Sun Mar 15, 2020 3:46 pm
Forum: Other Discussions
Topic: Coronavirus General Discussion
Replies: 5196
Views: 1775378

Re: Coronavirus General Discussion

My employer has closed all stores for 2 weeks officially starting today. All non-essential people at head office are to be working from home too. Basically just a skeleton crew. I’m resisting the urge to add Coronavirus jokes to my next stand up set. EVERY comedian is doing it, and apparently audien...