Early Retirement Extreme Forums

https://www.dw.com/en/will-coronavirus-spark-a-wave-of-food-nationalism/a-52952081 This could be a problem. PS: Please don't dump the fuel in the car after a month. If you're worried about gumming up the engine, there's a product called Stabil (not a spelling error) that you can pour into the tank....

Latest Howard Marks memo, always a great read. https://www.oaktreecapital.com/docs/default-source/memos/which-way-now.pdf He seems to be bearish, which is in my very humble opinion the most probable short/mid term outcome. Too many people are still living in a fairy tale where everything goes back t...

ertyu wrote: ↑

Sun Mar 29, 2020 12:03 pm

Hospital mgt thus incentivised to skimp on ppe and not purchase equipment that will not be required past the duration of the epidemic.

Another great side effect of a privatized healthcare system

Can't remember who said it, but in order for buy and hold to work, you have to do both also when stocks go down. Having an emergency fund in cash or equivalent is specifically to survive moments like this one we're living through. If you don't have an emergency fund, I would look into selling some s...

Having read some of his stuff, the guy just seems angry. I'm actually sorry for him. If you're plenty rich and can do whatever you want, and still you're grumpy, I don't know when you'll be satisfied in life. This said, I agree with him that many overly optimistic people may be kinda panicking right...

https://nypost.com/2020/03/12/amazon-bu ... 5-billion/

Amazon purchases massive building in NYC.

It really seems those massive tax breaks weren’t needed

The price/quality differential between hosts and hotels is just too large. Strongly disagree. Hotels are, similarly to supermarkets, businesses that operate on razor-thin margins and often sell rooms below cost. Hotels pay much lower prices than the average person running an Airbnb for just about e...

great stuff Lucky C, thanks for the data

I hate AirBnb. Robs companies who follow the laws and rules of hotel regulation of business, takes away possible rentals which increases rental market, and in general makes local neighborhood which people live in, into tourist hot spots. Which honestly sucks for the common person. Same. I also have...

“a long string of impressive numbers multiplied by one single zero always equals zero”

It’s funny how people tend to forget the risks of leverage at the worst possible times.

What we're trying to avoid is going back to having a 1860s-style health care system for a while. Which is precisely what happened / is happening in Lombardy right now. Some cities (Bergamo/Brescia/Cremona) have been there for 10 days, others (Como, Milan) just a couple days. Spoke with my dad again...

I think they are firing their bullets way too soon. The USA has just barely started to feel some economic damage now. It seems inevitable that something additional will be needed further on. I personally think the Fed lost an opportunity to raise more when times were good, now at zero but without mu...

Markets are forward looking, so it's not impossible that if they anticipate both the USA and Europe will go full-japan from now on, stocks all of a sudden become more attractive. I'm not saying it's likely (I'm in the camp "nobody knows"), but it's a possibility. Meanwhile, it seems like the gold ma...

Lol 6 trillion stimulus package.
This feels like stocks could either skyrocket or lose another 50%

From the latest Howard Marks memo "What do we know? Not much other than the fact that asset prices are well down, asset holders’ ability to hold coolly is evaporating, and motivated selling is picking up. I’ll sum up my views simply – since there’s nothing sophisticated to say:  “The bottom” is the...

Barry is the best, MIB podcast is probably my favorite of all podcasts, I never miss an episode.

Key word - propaganda. Keep in mind this is the same country that actively suppressed news of the virus for months, lied to the WHO about its transmissibility, arrested the doctor who originally reported it publicly before leaving him to die, and are spreading accusations on state news that it's a ...

To add context to the part you quoted jacob: I meant it strictly in this situation. COVID does seem sufficiently "weak" (for lack of a better term) that governments could pivot to "screw that, we're going to let this roll and what happens happens". For example, I think that after a certain amount of...

The US dropped the ball on this one, both domestically and geopolitically. Americans are too busy navel-gazing - and will soon be too busy with the sheer scale of what will come - but I wonder if they will manage to regain their position as a world leader after the trump presidency + this botched p...

I really don't think you need to plan for such terrible scenarios. Before we get to the "food shortage" stage, governments are going to decide that the death toll from the pandemic is a lower cost than the crumbling of society as we know it. The worst case scenario is really bad, but not Mad Max / F...