bud split

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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Wed Apr 17, 2019 2:46 pm

Some more crap I’m not going to read...
Good luck to you and remember I was once like you.
You’ll come around just like every intelligent person before you already has.
You can number crunch all you like (remember I am in analytics and do this all day) but back-testing has no predictive value whatsoever.
Also, no one I know has invested a lump sum at some starting point but rather DCA’s into their investments over an extended time period.
I would love to sell Gold but I actually have a long-term capital gain after buying IAU at 10.39 and do not want to pay 6 figures in taxes for a collectible.
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Re: The GOLD scream room

Post by Xan » Wed Apr 17, 2019 4:04 pm

buddtholomew wrote:
Wed Apr 17, 2019 2:46 pm
Some more crap I’m not going to read...
Good luck to you and remember I was once like you.
You’ll come around just like every intelligent person before you already has.
You can number crunch all you like (remember I am in analytics and do this all day) but back-testing has no predictive value whatsoever.
Also, no one I know has invested a lump sum at some starting point but rather DCA’s into their investments over an extended time period.
I would love to sell Gold but I actually have a long-term capital gain after buying IAU at 10.39 and do not want to pay 6 figures in taxes for a collectible.
Budd, please...

You're welcome to a contrarian opinion, but you've referred to what a fellow poster wrote as crap, and then also called anybody who's investing in the PP unintelligent.

Is this your way of asking to be banned? You're very, very close.
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Re: The GOLD scream room

Post by buddtholomew » Wed Apr 17, 2019 4:46 pm

Xan wrote:
Wed Apr 17, 2019 4:04 pm
buddtholomew wrote:
Wed Apr 17, 2019 2:46 pm
Some more crap I’m not going to read...
Good luck to you and remember I was once like you.
You’ll come around just like every intelligent person before you already has.
You can number crunch all you like (remember I am in analytics and do this all day) but back-testing has no predictive value whatsoever.
Also, no one I know has invested a lump sum at some starting point but rather DCA’s into their investments over an extended time period.
I would love to sell Gold but I actually have a long-term capital gain after buying IAU at 10.39 and do not want to pay 6 figures in taxes for a collectible.
Budd, please...

You're welcome to a contrarian opinion, but you've referred to what a fellow poster wrote as crap, and then also called anybody who's investing in the PP unintelligent.

Is this your way of asking to be banned? You're very, very close.
Yes
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Re: The GOLD scream room

Post by Xan » Wed Apr 17, 2019 4:58 pm

buddtholomew wrote:
Wed Apr 17, 2019 4:46 pm
Xan wrote:
Wed Apr 17, 2019 4:04 pm
buddtholomew wrote:
Wed Apr 17, 2019 2:46 pm
Some more crap I’m not going to read...
Good luck to you and remember I was once like you.
You’ll come around just like every intelligent person before you already has.
You can number crunch all you like (remember I am in analytics and do this all day) but back-testing has no predictive value whatsoever.
Also, no one I know has invested a lump sum at some starting point but rather DCA’s into their investments over an extended time period.
I would love to sell Gold but I actually have a long-term capital gain after buying IAU at 10.39 and do not want to pay 6 figures in taxes for a collectible.
Budd, please...

You're welcome to a contrarian opinion, but you've referred to what a fellow poster wrote as crap, and then also called anybody who's investing in the PP unintelligent.

Is this your way of asking to be banned? You're very, very close.
Yes
So let it be written. So let it be done.
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Re: The GOLD scream room

Post by Don » Wed Apr 17, 2019 5:13 pm

Budd was banned for expressing his honest opinion. That banning is crap.
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Re: The GOLD scream room

Post by ochotona » Wed Apr 17, 2019 6:55 pm

Don wrote:
Wed Apr 17, 2019 5:13 pm
Budd was banned for expressing his honest opinion. That banning is crap.
There's a constructive way to express opinions, Budd chooses to not be constructive.
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Re: The GOLD scream room

Post by Tyler » Wed Apr 17, 2019 8:28 pm

Don wrote:
Wed Apr 17, 2019 5:13 pm
Budd was banned for expressing his honest opinion. That banning is crap.
Nah. Budd both figuratively and literally asked to be banned. I support Xan.
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Re: The GOLD scream room

Post by pmward » Wed Apr 17, 2019 8:52 pm

Yeah and that's not the first time, that's the second or third time I've heard him ask to be banned. The constant anger and negativity being thrown publicly at this entire board was getting old, especially since there was no logical backing to it at all. Hopefully now he can finally get the closure he needs on the situation and move on with his life.

I'm not sure how someone can get that upset about a "six figure gain" in gold... especially during a period where gold has been in a bear market for 8 years and the worst performing asset. The PP performed for him exactly as history would have suggested it should, it provided him a respectable gain with very low volatility.
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Re: The GOLD scream room

Post by Libertarian666 » Wed Apr 17, 2019 9:01 pm

pmward wrote:
Wed Apr 17, 2019 8:52 pm
Yeah and that's not the first time, that's the second or third time I've heard him ask to be banned. The constant anger and negativity being thrown publicly at this entire board was getting old, especially since there was no logical backing to it at all. Hopefully now he can finally get the closure he needs on the situation and move on with his life.

I'm not sure how someone can get that upset about a "six figure gain" in gold... especially during a period where gold has been in a bear market for 8 years and the worst performing asset. The PP performed for him exactly as history would have suggested it should, it provided him a respectable gain with very low volatility.
I was going to offer to take that gold off his hands at his basis so he wouldn't have had capital gains taxes to pay.
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Re: The GOLD scream room

Post by Don » Wed Apr 17, 2019 9:54 pm

Tyler wrote:
Wed Apr 17, 2019 8:28 pm
Don wrote:
Wed Apr 17, 2019 5:13 pm
Budd was banned for expressing his honest opinion. That banning is crap.
Nah. Budd both figuratively and literally asked to be banned. I support Xan.
Ban all speech that we disagree with. That's so leftist these days. And pathetic.
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Re: The GOLD scream room

Post by Xan » Wed Apr 17, 2019 10:08 pm

Don wrote:
Wed Apr 17, 2019 9:54 pm
Tyler wrote:
Wed Apr 17, 2019 8:28 pm
Don wrote:
Wed Apr 17, 2019 5:13 pm
Budd was banned for expressing his honest opinion. That banning is crap.
Nah. Budd both figuratively and literally asked to be banned. I support Xan.
Ban all speech that we disagree with. That's so leftist these days. And pathetic.
Don, this was not at all about disagreeing. I've said over and over again that he's welcome to disagree. Many people here aren't PPers, and that's fine. Libertarian666 for example is I guess the mirror image of Budd in terms of investing philosophy, but he doesn't run around calling everybody names and saying how stupid they are for investing the way they do.

It would be similarly unacceptable for a rabid PPer to hang around the forum telling Libertarian666 and Desert and Pointed Stick and whoever else that they're unintelligent for doing something different from the PP. It's not the ideas, it's the behavior.

It's really, really hard to get banned from this forum. Budd was banned primarily because he asked to be. Earlier today in this thread he asked how to delete his account. I said that some combination of a ban and deleting his posts would be what we could do. Then he asked to be banned. So... It's literally what he wanted.
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bud split

Post by Libertarian666 » Fri Apr 19, 2019 9:54 am

WiseOne wrote:
Fri Apr 19, 2019 7:34 am
I agree Xan, you made the right call.

Doesn't stop me from feeling a bit sorry for Budd but then it's hard to feel sorry for a guy with $13 million in the bank. Also some of his posts were kind of fun to read, in the same way that you just can't stop watching a car accident.
I don't feel sorry for him in any way.

He is a bitter man who wants to blame others for... something, but it's not obvious what.

He has a big gain in gold, after all, so he doesn't even have a complaint on the basis of losing money by buying gold. Not that such a complaint would be justified, but at least it would be SOMETHING.
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Re: The GOLD scream room

Post by pmward » Fri Apr 19, 2019 10:09 am

Yeah, I think that having opposing opinions in the think tank is an incredibly valuable thing. If this were censoring him based solely on his opinion I would be against it, but it's not. There's a difference between making an opposing argument and spewing public toxicity into the community on a regular basis. It's wasn't the opinion, it was the behavior that was bad for the community. And it wasn't a one off occurrence, it has been a consistent problem for months. Xan warned him publicly multiple times, and this also wasn't the first time Budd asked to be banned. If you look back at his history you will see he asked for it a few times, and even stated that it would be good to help him "move on". Matter of fact, if you haven't looked at his recent history beyond just the last couple days I recommend doing so, why he was banned is clear as day when you see all of his comments to other members from the last few months in one place. Budd said it himself, and I agree, that it probably is best for Budd as a person to be able to get closure and move on from whatever wrong he felt he was done here.
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Re: The GOLD scream room

Post by flyingpylon » Fri Apr 19, 2019 11:15 am

Based on his posts, it seemed that Budd's primary reason for being here was to be reassured that he is a WINNER.

WINNERS don't make the mistake of investing in strategies or assets that underperform. Underperforming strategies or assets are simply LOSERS. LOSERS that SUCK!

The dollars aren't the issue (he's won that game), the emotions are. I was tired of Budd's posts, but I sincerely hope he eventually finds his "happy place".

On a related note, anyone expecting "freedom of speech" needs to take it to the town square. The vast majority of internet forums are privately owned and operated and at the end of the day it's the owner's right to do what they feel is best for their community.
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Re: The GOLD scream room

Post by ochotona » Fri Apr 19, 2019 12:50 pm

MangoMan wrote:
Fri Apr 19, 2019 12:04 pm
Don't kid yourself, there is no free speech in the town square anymore either.
The Bill of Rights only means the Fed Govt can't make rules regarding speech. It says nothing about your neighbors.
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Re: The GOLD scream room

Post by Kbg » Fri Apr 19, 2019 3:00 pm

Wow, you are gone for a couple of days and Budd is persona non grata. No comment on Budd the person from me, but in my view the person who maintains the board (e.g. does all the work) gets to make the call and I support Xan’s privilege/right to do so.
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Re: The GOLD scream room

Post by Don » Fri Apr 19, 2019 9:14 pm

Xan wrote:
Wed Apr 17, 2019 4:04 pm
buddtholomew wrote:
Wed Apr 17, 2019 2:46 pm
Some more crap I’m not going to read...
Good luck to you and remember I was once like you.
You’ll come around just like every intelligent person before you already has.
You can number crunch all you like (remember I am in analytics and do this all day) but back-testing has no predictive value whatsoever.
Also, no one I know has invested a lump sum at some starting point but rather DCA’s into their investments over an extended time period.
I would love to sell Gold but I actually have a long-term capital gain after buying IAU at 10.39 and do not want to pay 6 figures in taxes for a collectible.
Budd, please...

You're welcome to a contrarian opinion, but you've referred to what a fellow poster wrote as crap, and then also called anybody who's investing in the PP unintelligent.

Is this your way of asking to be banned? You're very, very close.
You goaded Budd into being banned. Here's the post. Why not just let him say what he feels like saying? Why the censorship?
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Re: The GOLD scream room

Post by ochotona » Fri Apr 19, 2019 9:24 pm

Don wrote:
Fri Apr 19, 2019 9:14 pm
You goaded Budd into being banned. Here's the post. Why not just let him say what he feels like saying? Why the censorship?
As the son of immigrants, I have to pipe up and point out what is the unseen Achilles tendon of American culture at this point, and why it's all going to sh**. Americans who have been here a long time don't see it, but immigrants see it, and we talk about long time Americans behind y'alls back, by the way.

Since the days of Dr. Spock, since Woodstock, the American culture has enshrined feelings. Read your sentence, man.

Why not just let him say what he feels like saying?

You have left and right wing snowflakes who get highly offended if they think their feelings aren't being respected. Some pick up an emotional comfort python, some pick up a gun. It's all part and parcel of the post-WW2 American worship and enshrinement of feelings. It's wrecking America. It has been for 60 years.

I think on this forum we respect people with divergent ideas. Ideas are important, they have a life of their own, they deserve respect. Feelings are phantoms, they come and go, they often mean nothing. Budd bathed in and exuded toxic feelings. That's why he got banned.

We respect Budd's ideas. We reject his toxic feelings.

Ideas and feelings, do not confuse them.
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Re: The GOLD scream room

Post by Don » Fri Apr 19, 2019 9:39 pm

ochotona wrote:
Fri Apr 19, 2019 9:24 pm
Don wrote:
Fri Apr 19, 2019 9:14 pm
You goaded Budd into being banned. Here's the post. Why not just let him say what he feels like saying? Why the censorship?
As the son of immigrants, I have to pipe up and point out what is the unseen Achilles tendon of American culture at this point, and why it's all going to sh**. Americans who have been here a long time don't see it, but immigrants see it, and we talk about long time Americans behind y'alls back, by the way.

Since the days of Dr. Spock, since Woodstock, the American culture has enshrined feelings. Read your sentence, man.

Why not just let him say what he feels like saying?

You have left and right wing snowflakes who get highly offended if they think their feelings aren't being respected. Some pick up an emotional comfort python, some pick up a gun. It's all part and parcel of the post-WW2 American worship and enshrinement of feelings. It's wrecking America. It has been for 60 years.

I think on this forum we respect people with divergent ideas. Ideas are important, they have a life of their own, they deserve respect. Feelings are phantoms, they come and go, they often mean nothing. Budd bathed in and exuded toxic feelings. That's why he got banned.

We respect Budd's ideas. We reject his toxic feelings.

Ideas and feelings, do not confuse them.
What about your feelings? Are they toxic too? Who decides?
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Re: bud split

Post by l82start » Fri Apr 19, 2019 10:46 pm

I moved this from the gold topic,

ultimately our decisions are final and entirely up to us and our criteria.... bottom line...

bud was a long time poster and community member so some discussion of his request, his behaviour and ultimate ban is OK and to be expected. but if discussion of his ban gets out of hand, heated or drowns out the rational discussion of acceptable forum behaviour (and mourning buds forum suicide) we will lock it..
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Re: bud split

Post by mathjak107 » Sat Apr 20, 2019 3:32 am

let me comment here as one who is locked out of the other forums ..
i was never disrespectful to anyone here and when i i tried to convey just what would happen to the pp if rates went up i was berated and banned too ... i ended up being 100% correct too

i was 100% correct in what i tried to convey and i was totally beaten up for it .. others abused me and finally i had enough abuse and voiced my opinion then a mod came down on me after all the abuse i took , and i basically said screw this ... so while i do copy the mail and post on other topics let me say first hand differences in opinion on the pp stuff is certainly not welcome here...the fact others were so freaking nasty to me never counted .. it was only if i lashed back that something was said by a mod and only to me .....

don you are 100% correct in your view up to the point of personal attacks being done on others ... unfortunately personal attacks on the person making opposing comments don't count . .

for most of the last 50 years we have seen nothing but falling rates for the most part with some speed bumps along the way ... i kept saying for years if rates rise the only game in town will be equities and the powerful opposite pulls of the pp assets will stall the pp , it may be better to go with less interest rate sensitive diversified holdings until we see how this plays out a bit ... ... well it was certainly true that rising rates starting from the low rate bottom and not the tops like the 1970's and 80's were the pp's kryptonite.

i took so much heat for saying this and i got hit with so much nastiness here for saying such a thing that it led to me becoming frustrated and banned from the other forums .. the irony is i use long term treasuries and gold at times and add them to fly fighter cover ... but i don't use them all the time .. i use them like now where gold and treasuries had a decent roll back the last few weeks and stocks are making new highs ... i will wait for a spike , sell them and repeat ....

i made over 27k trading gld in one year just buying when it fell and selling after it went up a bit .. i did that 32x in all , i think tlt was over 4k doing the same thing .. this was in addition to my normal fidelity insight model which is my main portfolio . i can find my trading statement and see what the actual gains were in just the parts i sold

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Re: bud split

Post by mathjak107 » Sat Apr 20, 2019 5:39 am

i guess you would call this my variable portfolio as opposed to my regular growth and income model i use , since it is dynamic and i swap it out .... i simply set a stop loss and if i am wrong i am out ... i think i clocked in at about 145k in just fun trading .

but you can see gold and tlt definitely are a like of mine , just not 24/7 ....... unlike equities gold and long term treasuries are not about time in the market , they are about timing the market today . GLD was my biggest gainer .

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Re: bud split

Post by l82start » Sat Apr 20, 2019 7:26 am

just to restate... this forum has always and should always continue to encourage dissent. the constant dissection and examination of this and other investment plans, and the economics that underlie them, is what makes coming here and reading posts an almost addictive pleasure.
I am willing to discuss the reasons behind any ban, person to person via pm or email with the person who has been banned including bud or any concerned forum members, i have both moderated and participated in more than a few forums over the years and this is by far the place that has had, and has needed! the lightest touch in terms of moderating forum members. we (you/us the forum members) have kept this a place where that is possible.., not by restricting what you say... but by taking care in how and where you choose to say it..
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Re: bud split

Post by Libertarian666 » Sat Apr 20, 2019 8:37 am

l82start wrote:
Sat Apr 20, 2019 7:26 am
just to restate... this forum has always and should always continue to encourage dissent. the constant dissection and examination of this and other investment plans, and the economics that underlie them, is what makes coming here and reading posts an almost addictive pleasure.
I am willing to discuss the reasons behind any ban, person to person via pm or email with the person who has been banned including bud or any concerned forum members, i have both moderated and participated in more than a few forums over the years and this is by far the place that has had, and has needed! the lightest touch in terms of moderating forum members. we (you/us the forum members) have kept this a place where that is possible.., not by restricting what you say... but by taking care in how and where you choose to say it..
As a former moderator (for a much more rambunctious group), I appreciate your work in moderating this one. Thanks!
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Re: bud split

Post by Ad Orientem » Sat Apr 20, 2019 1:24 pm

Unfortunately, I have some experience dealing with this sort of thing as I am an administrator on the English Language Wikipedia. There is a difference between vigorous discussion vs disruption. I tend to believe in allowing the maximum amount of latitude to debates and discussions up to the point where someone has crossed the line into overtly disruptive behavior. Some signs that one may be moving into the realm of unconstructive behavior can include any of...

* Engaging in personal attacks
* Shouting
* Excessive use of profane language
* Tendentiously repeating the same arguments over and over again w/o acknowledging the points made by others
* Generally being a drama king/queen

My rule of thumb when dealing with disruptive behavior is to start with warnings and if that doesn't work then go with a temporary block, usually 24-48 hrs to start. But I also am a big believer in the three strikes rule. If I have to block someone for the same behavior three times, that's usually it. And of course those who are obviously not here to constructively contribute to the community can and should be shown the door immediately.
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