Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
"What's always screwed me up with that word is that I was indoctrinated in grammar school by the nuns saying that the Pope was infallible. Even at a young age I knew that was ridiculous"
@MikeM - You too, h'mm? In about the sixth grade I asked how …
Some of you folks seem to be getting more and more cynical. Given the way that our country and in fact much of the world is operating lately it's pretty easy to understand that.
@catch22- Wow! Thanks so much for that link- I had absolutely no idea that quantum computing had made such an advance. I thought that we were still at the point that every once in a great while they could get the damned thing to actually work right,…
"Humans are infallible"...
While some humans (a certain ex-president easily comes to mind) may believe this, it's obviously not true. I suspect that Mike meant to say "not infallible".
As Yogi just said, "report payment delays to the FDIC. While FDIC coverage won't kick in from delated CD interest payments, but it is valid to ask if the bank involved is in any kind of trouble. Both FDIC and the Fed watch banks who top the lists of…
@hank- well, Baseball_Fan does make a good point regarding the desirability of having a reasonable amount of secure fixed income for a number of years immediately after retirement. That happened to us- immediately after our retirement the great even…
"Never in my life, have I owned a CD or US treasury"
So what?? That's your life. We have, as circumstances suggested, and we are doing every bit as well as you, thank you. We have also, as circumstances indicated, ventured in real estate (both resi…
@dtconroe- I've been following all of this with great interest, as all of my CD and Treasury ladder is at Schwab. Thanks very much for your work on this and sharing the information.
This low-water situation has been developing over the last few years. The number of ship transits through the canal has been substantially reduced. Additionally, the largest freighters are being required to offload a significant number of containers…
"Let's see how many posters will try to find a word or something else I didn't mean and twist the above."
@FD1000: If you post something that is obscurely phrased then we have little choice but to speculate on your intended meaning.
If you conside…
I'm interpreting FD's "What The F--k" portfolio" comment to mean that conceptually he's ignoring what the portfolio is composed of as long as the income generated satisfies the needs of a particular investor.
My wife and I don't have anything close…
@Derf- do you mean a CD actually offered by Schwab Bank, or a CD from some other bank purchased through Schwab Brokerage?
My answer to you would be "yes" to both situations.
I may be completely incorrect on this, but isn't it common for a specific brokered CD to be offered by more than one brokerage? If so, why or how could any one brokerage be responsible for monitoring and enforcing the conduct of a non-performing ban…
I really fail to understand why Schwab, or any broker, should be held responsible for a problem from some bank. If Schwab receives the money, it forwards it to you. Are they supposed to be responsible for chasing down some issue at every bank in the…
Well, that's just the way it goes. If the other 99% had studied harder and worked harder they would be in that 1% too.
Just ask Charles Koch (estimated net worth of $66 billion) or the Sackler family ($10.8 billion as of 2020).
Thanks- the link to the article regarding water consumption is very interesting. It seems that at least some of the large users are trying to minimize consumption and release more back for agricultural and other use.
@BenWP: Thanks much for your post on this- I had overlooked that interesting series from the NY Times. For subscribers who might want to take a look at those recent NY Times reports on AI, here are all of the links.
11/22/23: Five Days of Chaos: Ho…
We need to be careful in defining "water use" in this context. For cooling purposes it's very possible to "use" a lot of water without removing it from other uses, such as agricultural irrigation.
"Water use" is not necessarily the same as "water c…
Pretty much the same experience here. A good friend, also also a retired doctor, started letting down his guard about a year ago. Started going back to the SF Symphony, and eating out with others.
Now he has Long Covid, with loss of taste.
My wif…
I just love the continuous deprecation of existing technology and the skillsets needed to service and maintain that technology. Even my familiarity with vacuum-tube circuitry is becoming unneeded.
Hearing stuff like this is why my wife and I haven't been to a restaurant since the start of Covid, and why we still mask when shopping in an area with other people close to us.
It totally sucks.
For the most part I don't "endure"... I just ignore. Much easier.
Actually, FD is an asset to MFO- just by his very presence he makes the rest of us look pretty good.
Since this thread discusses insider training, I thought that this, currently from Matt Levine, fits right in-
AI MNPI (Material Nonpublic Information)
Here you go, insider trading robot:
We demonstrate a situation in which Large Language Models, t…
Careful there with the opinions on the "elite financial leadership" folks... some MFO commentator is likely to get upset and call you-all commie political hacks.
"Well thank goodness Krugman doesn't do that and isn't a political hack .. "
No, actually he doesn't "do that". If he presents information, especially if it may be open to various interpretations, he CITES SOURCES.
Anyone presenting factual inform…
This concept is right up there with the absurdity of the Cadillac "pickup". Will likely be bought by people with too much money who never did a bit of manual labor in their entire lives.
As far a "bulletproof", since when is stainless "bulletproof"…
"CBS was reporting a Republican analysis" said...
Don't you just love the fast and loose ways that some people repeat statements of questionable accuracy and veracity so as to make them sound like actual facts?
"record amount of charges on credit cards"... yeah, I've been reading that one for over 70 years now...
"food still very expensive."... now that's for damned sure.
