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  1. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    That's true, but I don't think he's b.s.-ing here. He was honest last time around, and was even called to testify before congress while they looked for potential securities fraud. It'd be really dumb for him to put out fabricated information. He was an outsider who took on insiders, and won...
  2. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Came to post similar. He's back, having turned $50k to $290M.
  3. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
  4. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Of course. Those who can't lack perspective and imagination. -encryption gets cracked and value goes to 0 -someone gets >50% mining capacity and robs everyone else -developed nations outlaw it -we enter a depression and value of the USD skyrockets
  5. The Sandman

    Sure seems like there's a LOT of money in Non-Profits/NGOs...

    QUESTION 
    I've seen enough articles about suspicious practices to outright fraud that I'm skeptical of them all. I don't want to pursue anything distasteful but I'm wondering if there's legitimate opportunity here. Possibly something that: a) helps people who need it, and b) sends business to my...
  6. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Not my game so no play for me. Short-term trading requires too much attention. I did make a little money off it last time though lol. And I loved the movie! (Dumb Money 2023) I think we're (potentially) facing the end of the bull rally that started in 1932. When that happens we'll get a...
  7. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Roaring Kitty is back! GME is blowing up again.
  8. The Sandman

    Most Investments are Bad. Here's Why.

    INVESTING 
    Which msci index? From when to when? "A long period" means very different things to different people. MSCI started in 1969. That's only 55 years. Many people lionize Warren Buffet, and while there is plenty to admire about him, a big part of his success was starting investing at the beginning of...
  9. The Sandman

    Rule One Investing - Opportunities In Coming Recession

    INVESTING 
    Aside from the nonsense hype (Sorry, but you can lose money in the stock market that's just a fact of life. Those who say otherwise are charlatans), how is this different from "Value Investing?"
  10. The Sandman

    Most Investments are Bad. Here's Why.

    INVESTING 
    Fantastic article by Lyn Alden! Key points: -Historical data shows that the vast, vast majority of OUTSIDE PASSIVE investments perform poorly. -Owner-Operators are the winners (not OUTSIDE PASSIVE investors!) -The types of investments that worked well during the past four decades are less...
  11. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    View: https://twitter.com/naiivememe/status/1783404977576374720
  12. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Nice consolidation and testing support, getting ready for the next wave up. I draw lines because that's what I see experts do.
  13. The Sandman

    Tin Foil Hat Time: Are Aliens Here?

    HOT! 
    Physics. They're a simple, naturally-stable shape much like you get from pouring sand in a pile.
  14. The Sandman

    Tin Foil Hat Time: Are Aliens Here?

    HOT! 
    The notion that the pyramids are technologically advanced in any way is nonsense. They are impressive because they took a lot of labor. That's it. Most people today are so far removed from manual labor that they have no idea what people are physically capable of doing with simple tools
  15. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    Worked with my lawyer to put the offer together, sent it over and it came back with some weird changes. Got a bad vibe and decided to call it off. The deal was already risky and questionable if I should take it on at all, so the seller being difficult pushed it over the line clearly into the...
  16. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I'm in for the long haul. Zooming out you can barely see the pullback. I think there's plenty of room to run, and it looks like 60k will be support.
  17. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    Hired a new employee! Posted an ad on ziprecruiter and the next day she came into the store with her resume. Lots of experience and a great personality, so I felt like I'd be an idiot not to hire her. I lucked out on this one! The seller wants 20k up front, and will finance the rest. I think I...
  18. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    Everything comes barcoded, so my first inclination was to use the factory barcodes. But the POS support guy advised applying our own barcodes instead so that's what we're doing for now. I like how it's working so far. Totally agree about trying to sustain an unsustainable situation! I'm a huge...
  19. The Sandman

    I want to make money (Forestry &Timber industry)

    IDEA 
    Where are you? I'm in the western U.S. and wood products is a very mature industry that has been contracting for quite a while. Growth has been in the south-east. Need will be highly location dependent.
  20. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    It's been a year and then some, so... j/k! I'm doing pretty well. Been a whole lot of LIFE going on. My main complaint about my last job was that it was boring. Well, I don't have that problem anymore! Two days after buying the business my son hung himself at school. Fortunately he changed...
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