Signatures

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

User avatar
Smith1776
Executive Member
Executive Member
Posts: 1513
Joined: Fri Apr 21, 2017 6:01 pm

Re: Signatures

Post by Smith1776 » Fri May 08, 2020 11:32 am

dualstow wrote:
Thu May 07, 2020 10:01 am
I think Smith1776 is here today to talk about Bill Ackman's stock picking successes!
I'm quite fond of Bill Ackman! Ackman, like Buffett, "saw the light" when he discovered The Intelligent Investor. I believe there was a Forbes magazine cover that called him 'Baby Buffett', which I think is an apt description.

What's especially interesting about Ackman is that he's found an extra dimension in value investing that may be a relative safe haven from the ravages of market efficiency. That is, he practices activist value investing. What kind of opportunities can be had when a value investor can influence management?

Going even further to use CDS's in order to turn some 26 million dollars into 2.7 billion dollars. I think an operation like that would fall under Graham's definition of "special situations." I think that can fall under the rubrik of value if one thought the CDSs were mispriced (in this case it appears they were).

All this talk about stock picking is giving me that hankering...
PP + VP + Bank Cash + Physical Bullion
Knucklehead (noun): Someone who knows the expense ratio of everything but the value of nothing.
The true measurement of a person's worth isn't what they say they believe in, but what they do in defense of those beliefs. If you're not acting on your beliefs, then they probably aren't real. - Edward Snowden
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2484
Joined: Sun Apr 25, 2010 9:51 pm

Re: Signatures

Post by l82start » Wed Jun 24, 2020 9:25 am

Does anyone on this forum raise chickens?
dualstow so why the question about chickens?
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
Mountaineer
Executive Member
Executive Member
Posts: 3857
Joined: Tue Feb 07, 2012 10:54 am

Re: Signatures

Post by Mountaineer » Wed Jun 24, 2020 10:12 am

l82start wrote:
Wed Jun 24, 2020 9:25 am
Does anyone on this forum raise chickens?
dualstow so why the question about chickens?
I'm guessing the "raise chickens" means live ones, not the chicken legs I raise to my mouth and slurp. ;)

We do have a relatively close neighbor in a large new home that has a chicken pen in his yard with a dozen or two birds. You can hear the roosters crow early in the morning. Perhaps they are for eggs, perhaps for meat, perhaps to teach his children some history or how to take care of animals, perhaps for the alarm clock.
When you go into court you are putting your fate into the hands of twelve people who were not smart enough to get out of jury duty.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10626
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: Signatures

Post by dualstow » Fri Jun 26, 2020 7:40 am

l82start wrote:
Wed Jun 24, 2020 9:25 am
Does anyone on this forum raise chickens?
dualstow so why the question about chickens?
I asked you first. O0
Nah, I’m just asking because it seems to be becoming a trend. I’ve got a school friend who’s been raising them for years, but the number of friends who is raising them is suddenly increasing.
Mountaineer wrote:
Wed Jun 24, 2020 10:12 am
...
We do have a relatively close neighbor in a large new home that has a chicken pen in his yard with a dozen or two birds. You can hear the roosters crow early in the morning. Perhaps they are for eggs, perhaps for meat, perhaps to teach his children some history or how to take care of animals, perhaps for the alarm clock.
👍
Jo Jorgensen was once Harry Browne’s running mate
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2484
Joined: Sun Apr 25, 2010 9:51 pm

Re: Signatures

Post by l82start » Fri Jun 26, 2020 7:46 am

dualstow wrote:
Fri Jun 26, 2020 7:40 am
l82start wrote:
Wed Jun 24, 2020 9:25 am
Does anyone on this forum raise chickens?
dualstow so why the question about chickens?
I asked you first. O0
Nah, I’m just asking because it seems to be becoming a trend. I’ve got a school friend who’s been raising them for years, but the number of friends who is raising them is suddenly increasing.
Mountaineer wrote:
Wed Jun 24, 2020 10:12 am
...
We do have a relatively close neighbor in a large new home that has a chicken pen in his yard with a dozen or two birds. You can hear the roosters crow early in the morning. Perhaps they are for eggs, perhaps for meat, perhaps to teach his children some history or how to take care of animals, perhaps for the alarm clock.
👍
my sister raises chickens, for eggs/pets, she is living a rural farm style life, so its not exactly trendy..
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
dualstow
Executive Member
Executive Member
Posts: 10626
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: Signatures

Post by dualstow » Fri Jun 26, 2020 8:05 am

Cool!
Jo Jorgensen was once Harry Browne’s running mate
User avatar
Tortoise
Executive Member
Executive Member
Posts: 1702
Joined: Sat Nov 06, 2010 2:35 am

Re: Signatures

Post by Tortoise » Fri Jul 17, 2020 12:38 pm

I just noticed this addition to your sig, Smith. Good one!
Knucklehead (noun): Someone who knows the expense ratio of everything but the value of nothing.
infant (n.): from Latin infans “not able to speak”, from in- "not, opposite of” + fans, present participle of fari “to speak”
User avatar
Smith1776
Executive Member
Executive Member
Posts: 1513
Joined: Fri Apr 21, 2017 6:01 pm

Re: Signatures

Post by Smith1776 » Fri Jul 17, 2020 12:43 pm

Tortoise wrote:
Fri Jul 17, 2020 12:38 pm
I just noticed this addition to your sig, Smith. Good one!
Knucklehead (noun): Someone who knows the expense ratio of everything but the value of nothing.
I aim to please! O0
PP + VP + Bank Cash + Physical Bullion
Knucklehead (noun): Someone who knows the expense ratio of everything but the value of nothing.
The true measurement of a person's worth isn't what they say they believe in, but what they do in defense of those beliefs. If you're not acting on your beliefs, then they probably aren't real. - Edward Snowden
User avatar
Smith1776
Executive Member
Executive Member
Posts: 1513
Joined: Fri Apr 21, 2017 6:01 pm

Re: Signatures

Post by Smith1776 » Sat Jul 18, 2020 8:32 am

Hal wrote:
Sat Jul 18, 2020 12:23 am
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
Love the sig, Hal! ;D
PP + VP + Bank Cash + Physical Bullion
Knucklehead (noun): Someone who knows the expense ratio of everything but the value of nothing.
The true measurement of a person's worth isn't what they say they believe in, but what they do in defense of those beliefs. If you're not acting on your beliefs, then they probably aren't real. - Edward Snowden
User avatar
dualstow
Executive Member
Executive Member
Posts: 10626
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: Signatures

Post by dualstow » Sun Jul 19, 2020 7:04 am

Tortoise, there are days when I feel galaktos intolerant O0
Jo Jorgensen was once Harry Browne’s running mate
User avatar
Tortoise
Executive Member
Executive Member
Posts: 1702
Joined: Sat Nov 06, 2010 2:35 am

Re: Signatures

Post by Tortoise » Sun Jul 19, 2020 12:28 pm

dualstow wrote:
Sun Jul 19, 2020 7:04 am
Tortoise, there are days when I feel galaktos intolerant O0
Ah, the infamous gas giant...
infant (n.): from Latin infans “not able to speak”, from in- "not, opposite of” + fans, present participle of fari “to speak”
User avatar
dualstow
Executive Member
Executive Member
Posts: 10626
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: Signatures

Post by dualstow » Sun Jul 19, 2020 1:46 pm

😂
Jo Jorgensen was once Harry Browne’s running mate
Post Reply