After considering it a bit more, it seems likely that Warren and O-C are taking a page out of the Trumpbook and making an outrageous opening bid, which they will walk back later on to look reasonable.

BTW sophie you really reveal yourself as a New Yorker with rental numbers like those

David Tepper leaving New Jersey is an example of a bad outcome I wouldn't want to risk. Ha you sure it was taxes and not... you know.. NEW JERSEY!!?? :) Poor New Jersey, they take so much shit. Even from Bloodhound Gang: We rock Philadelphia Baltimore Las Vegas Indianapolis Louisville Atlanta New O...

David Tepper leaving New Jersey is an example of a bad outcome I wouldn't want to risk.

They don't take all of the risks. Purchasing anything you don't need comes with the risk of going broke, which means there's risks for consumers. ;D Pollution and other externalities push risks to the surrounding community. Yes, it seems fair to punish people for that. Those are bad things. Taxing ...

But the socialists don't believe they built those business because of hard work, innovation, intelligence or any thing else but privilege. Look at Obama's infamous quote, "They didn't build that." That had to do with a bridge that wasn't built by the business owner that uses it to engage ...

"According to the economists who crafted the candidate’s proposal, her plan is meant to discourage the hoarding of wealth by the über-rich." So let's take the economists (Emmanuel Saez and Gabriel Zucman, from *** Berkeley ***) at face value. In the words of Craig Fugate (as quoted in Ted ...

Hmm, I found my way to a Fox News poll, 70% favored increased taxes on families earning over $10 million a year. 65% favored increasing them on families earning over $1 million a year. 44% favored increasing them on families earning over $250,000 a year. 39% didn't favor increasing them for anyone. ...

Then again, to self impwnlate myself, watch this.

Unlikely, I guess? The article mentions Obama-era proposals that didn’t make it, and these go beyond those suggestions. But, anything can happen. And of course, those with $50 million are nothing to cry over. It would set a dangerous precedent, though, and perhaps that would be enough to get some c...

Speaking practically, what does everyone think of the probability that the 2% or 70% tax changes get put into effect, with no loopholes baked into it?

It amazes me that anyone wants to be a landlord in Cali, SF in particular. The taxes make charging adequate rent to be profitable, the local government makes all of the laws pro-tenant / anti-owner, and then they even talk about rent-control. Seriously? Johnny writes about SF real estate a lot. Lik...

I love how people like to blame "lack of affordable housing" - that's a load of B-S. There's always affordable housing, you just have to travel a bit (like, inland in the case of southern California) to find it. I also think it's a mistake to require landlords to maintain rental propertie...

Now I'm leaning more towards some sort of base agribusiness direction built more on rice, beans, etc rather than on building it on the "value-add" of junk food producers. Your priorities as an investor are going to have to be different from your priorities as a food consumer. Eat rice and...

It's not just the productive Californians. https://granolashotgun.files.wordpress.com/2019/01/screen-shot-2019-01-09-at-5.33.14-pm.jpg?w=1024&h=575 Yet another friend in LA has been blogging about the ubiquitous homeless camps in his neighborhood and how everything the city does (or doesn’t do) ...

I've been listening to Joe Rogan's podcasts recently, and I'm on his (superb) #910 with Gary Vaynerchuck , and he said something that made me think of this thread (well, that article I just posted, but I felt like sharing anyways). At 1:39:20: Gary: And then you had the worst wave [of tech entrepren...

Completely out of ideas, so buy back shares, get my bonus, pump and dump. Hey, they're not totally out of ideas on how to spend dat money. Messaging startup Hustle projected the picture of Silicon Valley largess. The company spent millions of dollars raised from investors such as Alphabet Inc. GOOG...

ochotona wrote: ↑Fri Jan 25, 2019 6:22 pm The only way to go is run a Monte Carlo, parameterize it a bit pessimistically, and examine the cumulative probability of your portfolio surviving to end of life. If it does to a 95% chance, what more can you do?

Save more money

I think we had a discussion about 'age in PP' which I like, because I kinda think of the PP like a bond. But personally, I try to keep around 10 years of spending in the PP, and I'm ok with the rest in other stuff. I think I did a back of the envelope on 10 years of expenses with a 4% real return, l...

Interesting, I did not realize that came from Infowars or I probably would not have posted it. However, those racoons are pesky! Do racoons live in a swamp with the alligators, water moccasins, and wine country moguls who live behind walls? ;) If you liked the story, who cares where it came from? B...

the maga hat kid has committed a face crime... Orwell in 1984: It was terribly dangerous to let your thoughts wander when you were in any public place or within range of a telescreen. The smallest thing could give you away. A nervous tic, an unconscious look of anxiety, a habit of muttering to your...

Did Wilbur slip a subtle pwn on those freeloaders right under my nose? I must be losing my grip, mentally. I welcome my imminent death.

Ahh, going to the actual interview clears it up a bit. He was saying why would you go to a food bank when you could take out a federally guaranteed loan that the government worker's credit unions are making available, instead. Still dumb, but not as evil sounding as I thought at first. Read the room...

That's a real "let them eat cake" sentiment.

what