dualstow wrote: ↑Fri Jul 24, 2020 2:28 pm
While Bogleheads focus on parroting Buffett’s comments about gold — I’m not trashing them — they should be paying attention to how gold moves relative to the dollar.
What really gets me is when no one on that forums sees the obvious logical fallacy in Buffett's argument.
Buffett presents a binary choice between all the productive farmland and something like 7 Exxon Mobils versus a block of gold. He then makes the obvious choice of saying the productive assets are the clear choice.
Well, duh.
But in the real world investors don't have a binary choice between stocks and gold. There's an infinite gradation between 100/0 and 0/100. Buffett committed the logical sin of the black-or-white fallacy -- a well known flaw that even a first year philosophy major should have been able to detect.
I honestly expected a stronger argument from someone as smart as him.
Yes, that is an elementary logical fallacy: no one chooses between all the gold in the world and all the diamonds in the world either. There's this thing called "marginal utility".
But he doesn't need good arguments when people treat him as a guru.
Funny you should mention that, @dualstow. Just last week I bought some star anise for the first time ever to go in some mulled wine I was making.
It’s my favorite spice. A few pieces in a slow cooker with ribs (and cinnamon and few other ingredients) ⇢ magic.
I also put it in vodka with caraway seed and fennel.
dualstow wrote: ↑Thu Dec 17, 2020 1:45 pm
[Star anise is] my favorite spice. A few pieces in a slow cooker with ribs (and cinnamon and few other ingredients) ⇢ magic.
I also put it in vodka with caraway seed and fennel.
Cool, I'll be sure to try that. A few years ago I experimented with making different kinds of infused liquors (cherry whiskey, vanilla/ginger vodka, etc.).
Where is he indeed??? China just keeps getting more and more scary. Real life 1984 over there. Disinformation, people disappearing, a zeitgeist of conformity.
Or are we just getting misinformed by our media and China is the real promiseland?? Now that would be very 1984.
China has that law that says you can be punished for insulting the CCP no matter what country you reside in. If you travel there afterwards you could be detained. I will test that.... for science.
The Chinese Communist Party is a bunch of no good wankers.
Okay, going to China. BRB.
MM Ruby on Rails rules all www.allterraininvesting.com
Smith1776 wrote: ↑Mon Jan 04, 2021 3:07 pm
Dualstow, if I don't make it back you can have all my gold. It's buried under the shed.
As long as it isn’t under Vinny’s compost pile!
DNA has its own language (code), and language requires intelligence. There is no known mechanism by which matter can give birth to information, let alone language. It is unreasonable to believe the world could have happened by chance.
Mark Leavy wrote: ↑Fri Jan 08, 2021 1:54 pm
dualstow, I can't figure out what the emoji/icon is in your signature. Do tell.
It’s simply the white hair emoji. https://emojipedia.org/white-hair/
I put it there because I was going to change it (to something else) when I saw Pence come on the news.
Mark Leavy wrote: ↑Fri Jan 08, 2021 1:54 pm
dualstow, I can't figure out what the emoji/icon is in your signature. Do tell.
It’s simply the white hair emoji. https://emojipedia.org/white-hair/
I put it there because I was going to change it (to something else) when I saw Pence come on the news.
Smith, I just went to your "message from Harry Browne" link. I have to say, now that YouTube always gives you an ad before the video starts, that kind of link sadly doesn't work nearly as well as it used to.
They should exempt that particular video from their ads, of course.
Xan wrote: ↑Tue Feb 02, 2021 5:37 pm
Smith, I just went to your "message from Harry Browne" link. I have to say, now that YouTube always gives you an ad before the video starts, that kind of link sadly doesn't work nearly as well as it used to.
They should exempt that particular video from their ads, of course.
Le sigh.
MM Ruby on Rails rules all www.allterraininvesting.com