Search found 654 matches

by FafnerMorell
Thu Apr 05, 2012 6:49 am
Forum: Investing - Theory, News & General
Topic: How would a Boglehead respond to this?
Replies: 135
Views: 7268

Re: How would a Boglehead respond to this?

Well, from a later post by the OP: "My original question was how a Boglehead responds to the fact that the average public institution appears to beat the markets. Historically, I've heard the argument that the vast majority of active managers fail, so it's not worth trying to find one that might suc...
by FafnerMorell
Wed Apr 04, 2012 4:32 pm
Forum: Investing - Theory, News & General
Topic: How would a Boglehead respond to this?
Replies: 135
Views: 7268

Re: How would a Boglehead respond to this?

In the study itself, it shows there's a pretty big difference between a $25 million college and a $1 billion college. Now, if you're looking at investing > $100 million of your own money, then you'll probably have some pretty unique access. If they're telling you that "We'll take your $10 million an...
by FafnerMorell
Sun Apr 01, 2012 9:11 am
Forum: Personal Consumer Issues
Topic: Montessori or Not
Replies: 42
Views: 3101

Re: Montessori or Not

I've been extremely happy with our local Montessori school, even if it is a bit pricey - but really, you can't generalize much as to the quality of the school. If you're happy with what the current school is providing for free - I'd be inclined to stay there.
by FafnerMorell
Thu Mar 29, 2012 9:17 am
Forum: Personal Consumer Issues
Topic: I give up. Mega Millions Here I Come!
Replies: 60
Views: 5033

Re: I give up. Mega Millions Here I Come!

I'd recommend avoiding Quick Picks and random generators - instead, hire an investment advisor to pick the numbers, at the low rate of 5% of the winnings or so.

Or maybe not.
by FafnerMorell
Tue Mar 27, 2012 3:12 pm
Forum: Investing - Theory, News & General
Topic: investor.gov
Replies: 11
Views: 1184

Re: investor.gov

I complained about this site to the US Department of Redundant Governmental Duplicate Agencies, but they sent me to the Agency for Unnecessary Replicated of Government Agencies, and they sent me some carbon paper forms to fill out in triplicate, and but the fax number they gave was no longer in serv...
by FafnerMorell
Mon Mar 26, 2012 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone wealthy by being "self-made"? (No Inheritence, etc..)
Replies: 96
Views: 7795

Re: Anyone wealthy by being "self-made"? (No Inheritence, et

For the purposes of net-worth, I'd view age 28 as the first mile of a marathon (and a marathon where most of the runners won't realize they're actually in a marathon until about the half-way mark). While the Boglehead way might seem a bit too simplistic to actually work - if you can consistently sav...
by FafnerMorell
Sat Mar 24, 2012 10:42 am
Forum: Investing - Theory, News & General
Topic: Glaring problem with "human capital" concept?
Replies: 35
Views: 2401

Re: Glaring problem with "human capital" concept?

Personally, I think Nis has an important observation here. The buzzword "human capital" tends to get thrown around a lot (along with the example of "an economics professor with tenure" as having bond-like income properties), but it's about as realistic as a spherical cow. I happen to be reading thro...
by FafnerMorell
Thu Mar 22, 2012 3:38 pm
Forum: Personal Consumer Issues
Topic: Other Advantages of Vanguard Relationship???
Replies: 18
Views: 2602

Re: Other Advantages of Vanguard Relationship???

If you send them more than 10 emails, you'll be eligible for a free course in "Advanced techniques in using your keyboard - disabling your Caps Lock key for fun and profit".
by FafnerMorell
Tue Mar 20, 2012 6:18 am
Forum: Investing - Theory, News & General
Topic: How often do you check how the stock market is performing?
Replies: 31
Views: 2399

Re: How often do you check how the stock market is performin

I constantly see the S&P 500 & Dow numbers on my browser home page, but generally it doesn't register in my mind - and I'm often a bit surprised when it's moved by a few percent vs the last time I really thought about it.
by FafnerMorell
Mon Mar 19, 2012 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Apple Stock
Replies: 54
Views: 5476

Re: Apple Stock

What happened to Apple the last time Jobs left? Apple = Jobs = Apple = Jobs = ................ I'm sure they secretly have Jobs cryogenically frozen in a quasi-aware state, just like Walt Disney. What, you think Steve just gave Pixar to Disney for the money without getting a technology exchange as ...
by FafnerMorell
Sun Mar 18, 2012 5:44 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns: Trade cars instead of saving and investing
Replies: 38
Views: 3417

Re: Scott Burns: Trade cars instead of saving and investing

madbrain wrote:
SheebaElwood wrote:Article is dead wrong.
This is a great time to buy a gas guzzling luxury car.
Your reasons being ?
Maybe as the price of gas and renting goes up, you can live in the car instead of a house?
by FafnerMorell
Sat Mar 17, 2012 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Is this too simple?
Replies: 6
Views: 1136

Re: Is this too simple?

Simple is good. Offhand, I'd go with varying the bonds (50% TBM, 50% TIPs) and stocks (maybe 33% in international, 67% in US - but this is presuming that over the next 30-40 years International will probably do a little better than the US along - but probably with a lot more bumps along the way - so...
by FafnerMorell
Sat Mar 17, 2012 1:44 pm
Forum: Personal Consumer Issues
Topic: What are some profitable careers?
Replies: 140
Views: 11903

Re: What are some profitable careers?

I've been happy with my career in electrical/computer engineering. As a side note - from what I hear from other engineers, expect just about any engineering job to involve a fair amount of software writing (or at least being an incrediably-knowledgable-expert user of software) - even folks doing pet...
by FafnerMorell
Fri Mar 16, 2012 8:02 am
Forum: Investing - Theory, News & General
Topic: Poll: Boglehead Investing Is Boring!
Replies: 46
Views: 2908

Re: Poll: Boglehead Investing Is Boring!

Anytime I feel bored, I think back to how exciting the last quarter of 2008 was. Yeah, boredom isn't so bad.
by FafnerMorell
Wed Mar 14, 2012 10:27 am
Forum: Investing - Help with Personal Investments
Topic: buying a gold coin from individual
Replies: 54
Views: 4356

Re: buying a gold coin from individual

Well, when you ask for advice on the Internet, what's given tends to be extremely cautious/prepare for worst-case/scams, etc - since few folks want to just say "Well, 99 times out of 100, just wing it and you'll be fine" just in case it turns out to be the 1 in 100 time.
by FafnerMorell
Wed Mar 07, 2012 10:22 am
Forum: Investing - Theory, News & General
Topic: How Would You Invest $122 Million?
Replies: 76
Views: 6436

Re: How Would You Invest $122 Million?

I don't have time to think about that, I'm busy making my plans on where to take Angelina Jolie when she calls me and says she wants a date. So, Angie, there are some terrific classes at the Osher Lifelong Learning Center, but if you'd rather go see The Lorax at the IMAX I'm up for that, too. Or ma...
by FafnerMorell
Wed Mar 07, 2012 9:17 am
Forum: Personal Finance (Not Investing)
Topic: too many Vanguard online ads!
Replies: 49
Views: 2875

Re: too many Vanguard ads!

I like the Vanguard web ads: they help support various sites I like, and they're easy to ignore: "Vanguard has low fees", yep, got the message, thanks!
by FafnerMorell
Thu Mar 01, 2012 6:57 pm
Forum: Investing - Theory, News & General
Topic: inflation 8 percent?
Replies: 45
Views: 4027

Re: inflation 8 percent?

I measure inflation in terms of girl scout cookies - thin mints, to be exact. Every year those manipulative little girl scouts pounce on me outside the grocery store and get me to buy a few boxes, and every year there are fewer cookies! This year I believe there are 16 cookies per roll, as opposed ...
by FafnerMorell
Tue Feb 28, 2012 10:10 am
Forum: Investing - Theory, News & General
Topic: Another Buffett mistake?
Replies: 23
Views: 3458

Re: Another Buffett mistake?

If only Nisiprius Investments Ltd. were to offer their own version of Dilly Bars and NetJets, they'd truly be a financial powerhouse.
by FafnerMorell
Sat Feb 25, 2012 7:27 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Annual Letter Out Saturday
Replies: 40
Views: 3516

Re: Berkshire Annual Letter Out Saturday

As for examples of propoganda, there's some on every page. Heck, let's look at the very first page: Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times b...
by FafnerMorell
Fri Feb 24, 2012 2:18 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Annual Letter Out Saturday
Replies: 40
Views: 3516

Re: Berkshire Annual Letter Out Saturday

As for examples of propoganda, there's some on every page. Heck, let's look at the very first page: Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times be...
by FafnerMorell
Fri Feb 24, 2012 2:03 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Annual Letter Out Saturday
Replies: 40
Views: 3516

Re: Berkshire Annual Letter Out Saturday

And I do not understand the comparison between Steve Jobs and Buffett. What does one have to do with the other? Maybe my comparison was too complicated for you, but it seems like a pretty simple concept: - Warren Buffet is good at writing shareholder letters - Steve Jobs is good at giving presentat...
by FafnerMorell
Fri Feb 24, 2012 9:40 am
Forum: Investing - Theory, News & General
Topic: Berkshire Annual Letter Out Saturday
Replies: 40
Views: 3516

Re: Berkshire Annual Letter Out Saturday

While I find Buffet's letters entertaining, there's a lot of spin/propaganda in them - in fact, they're probably more useful as "How to spin your message using folksy wisdom and carefully limited transparency" than as any sort of accurate insight into the real state of his business or the economy. T...
by FafnerMorell
Tue Feb 14, 2012 2:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft hits 20,000 posts
Replies: 45
Views: 3681

Re: livesoft hits 20,000 posts

Are we making a fundamental miscalculation in assuming that post counts can only go up? I'd hate to be caught by surprise if this just turns out to be a bubble.
by FafnerMorell
Fri Feb 10, 2012 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: University of Chicago...Jack Bogle
Replies: 26
Views: 2487

Re: University of Chicago...Jack Bogle

^ so the Universty of Chicago owes it's success to Robert Heinlein. :) (well, OK, just the name of that cafeteria)
by FafnerMorell
Wed Feb 08, 2012 10:31 am
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 15970

Re: Facebook IPO will be the biggest disaster in IPO history

That said, it's not too hard to imagine Amazon's business model lasting indefinitely. A rational tax code (or enforcement of it) would devastate Amazon. The day they are required to collect sales tax from me is the day I cancel Amazon Prime. If you think about it, how can it be more efficient to ha...
by FafnerMorell
Mon Feb 06, 2012 11:36 am
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 15970

Re: Facebook IPO will be the biggest disaster in IPO history

I seem to recall how Amazon and Google were going to be IPO disasters - especially Google, since they were "doing it all wrong" with some sort of fancy reverse Dutch auction or whatever. I don't recall exactly how things worked out in the short-term, but it seems like they're both doing OK, although...
by FafnerMorell
Fri Feb 03, 2012 11:59 am
Forum: Investing - Theory, News & General
Topic: Found winning active fund manager?
Replies: 51
Views: 2629

Re: Found winning active fund manager?

Go for it, just use a small % of money. Lots of people here set aside 5% of their portfolio to play around with. Just don't add to it if you have big gains on paper. This. Don't add to it. Yeah, this seems a good approach. I'd also see try making a withdrawl at some point, just to see what happens....
by FafnerMorell
Fri Feb 03, 2012 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever actually used Paypal to pay a pal?
Replies: 38
Views: 3528

Re: Have you ever actually used Paypal to pay a pal?

Well, if they had called the site "PayQuasiAnonymousStranger4InterwebsRelatedTransaction", I doubt it would have been as popular as it is.
by FafnerMorell
Wed Feb 01, 2012 8:45 pm
Forum: Investing - Theory, News & General
Topic: Dec 12th: MF Global execs say don't know where the money is
Replies: 33
Views: 2831

Re: Dec 12th: MF Global execs say don't know where the money

Well, after all his years as a politician, Corzine is probably mystified - he's used to billions and billions of dollars just "vaporizing", and this is the first time the media has ever acted upset about it.
by FafnerMorell
Fri Jan 20, 2012 4:38 pm
Forum: Investing - Theory, News & General
Topic: POLL: At what net-worth does an individual become wealthy?
Replies: 78
Views: 8001

Re: POLL: At what net-worth does an individual become wealth

As folks are saying, it really depends. I like "A friend of mine puts it this way - when you have the freedom to tell your employer to go to hell and then exit the workforce without a care in the world." But I view stages of wealth as: Extremely wealthy: >$100 million (any age). Wealthy: >$10 millio...
by FafnerMorell
Thu Jan 19, 2012 9:37 pm
Forum: Investing - Theory, News & General
Topic: Top story on Google Finance today
Replies: 9
Views: 1883

Re: Top story on Google Finance today

Knowing Google, the story placement was probably determined by an algorithm. They've probably got a dozen PhDs working on tweaking the algo to make sure it doesn't happen again, while trying to be more subtle that "if ((strcmp(sTicker,"GOOG") && (eFincResults == SUCKY)) placement = BURY;"
by FafnerMorell
Thu Jan 19, 2012 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Hacked -- how?
Replies: 62
Views: 8204

Re: Credit Card Hacked -- how?

Last month we had a card cloned, most likely through a gas pump skimmer. I'm sure glad I wasn't responsible for the nearly $1K that the criminals charged. A few months ago, a new gas station opened up and charged about ten cents less a gallon than anyone else around - was very popular. Used a card ...
by FafnerMorell
Mon Jan 16, 2012 2:23 pm
Forum: Personal Consumer Issues
Topic: 7-day alarm clock
Replies: 12
Views: 5507

Re: 7-day alarm clock

My wife got me a iHome (or such) clock (it's got the iPhone/etc docking station built in) and it's got 2 alarm clocks that I've got set up for M-F and Sa-Sun. Seems very nice - has about a million features (including iPhone App) that I'll probably never use. But I think she just got sick of hearing ...
by FafnerMorell
Fri Jan 13, 2012 4:27 pm
Forum: Personal Consumer Issues
Topic: Yamazaki single malt whisky - has anyone here tried it?
Replies: 18
Views: 1300

Re: Yamazaki single malt whisky - has anyone here tried it?

It's solid. I would compare it to a macallan 18, but at about half the price. I am not a big scotch/whiskey drinker. But I have tried it and liked it a lot. It is very smooth. I've had it and it's pretty good. Not one of my favorites, but if I got it as a gift I'd certainly drink - and given the na...
by FafnerMorell
Fri Jan 13, 2012 3:02 pm
Forum: Personal Consumer Issues
Topic: Yamazaki single malt whisky - has anyone here tried it?
Replies: 18
Views: 1300

Re: Yamazaki single malt whisky - has anyone here tried it?

I've had it and it's pretty good. Not one of my favorites, but if I got it as a gift I'd certainly drink - and given the name connection, definitely.
by FafnerMorell
Thu Jan 12, 2012 7:41 am
Forum: Personal Consumer Issues
Topic: Do you own Apple products?
Replies: 114
Views: 7946

Re: Do you own Apple products?

If no one believes me , ask people in computer science and engineering. they mostly think apple products are a joke Now I believe you even less.... Read Nisiprius's excellent story (as usual) earlier in the thread. Even engineers & CS folks who may not like Apple products can find a lot to admire i...
by FafnerMorell
Wed Jan 11, 2012 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Books for kids to read on Investing, Finance, Economics, etc
Replies: 7
Views: 742

Re: Books for kids to read on Investing, Finance, Economics,

"The Wealthy Barber" and the "The Richest Man in Babylon" are two books I found useful in getting started thinking about applied household economics, and "The Great Depression: A Diary" was a real interesting read. Getting a couple of issues of the Economist, Consumer Reports, and maybe Forbes would...
by FafnerMorell
Wed Jan 11, 2012 10:08 am
Forum: Personal Consumer Issues
Topic: Advice on buying a tablet
Replies: 74
Views: 4960

Re: Advice on buying a tablet

I bought an iPad 1 (Verizon had a big sale on them right after the iPad 2 came out), and it's great for PDFs. I have a lot of PDF documents, and it does a very nice job on them. Also good for YouTube videos (but not Flash-based video web sites). I haven't tried crossword puzzles with it, but I'm sur...
by FafnerMorell
Tue Jan 10, 2012 1:47 pm
Forum: Investing - Theory, News & General
Topic: a risky bet - how much would you wager?
Replies: 82
Views: 5282

Re: a risky bet - how much would you wager?

From a "game theory/economic" view, betting 'everything + what you can borrow' would probably be the right answer. But from a practical standpoint, I don't see myself betting more than a few thousand on it, and even then, it seems a bit too risky. I like the odds of getting rich slowly rather than q...
by FafnerMorell
Fri Jan 06, 2012 2:53 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2012 BOGLEHEAD CONTEST
Replies: 408
Views: 21609

Re: REGISTRATION FOR 2012 BOGLEHEAD CONTEST

1157.3 (just picked at random)
by FafnerMorell
Thu Jan 05, 2012 10:17 am
Forum: Investing - Theory, News & General
Topic: Smart Investing, Education - Stakes High in U.S.
Replies: 9
Views: 915

Re: Smart Investing, Education - Stakes High in U.S.

Perhaps it's just me, but I know a number of folks born in Denmark, Sweden, Norway who have moved to the US because they felt there was more economic opportunities / better life here, whereas I don't know anyone who's moved there (I do know some folks who moved to Ireland & France - although it's al...
by FafnerMorell
Wed Dec 21, 2011 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Ron Paul's portfolio
Replies: 27
Views: 3496

Re: Ron Paul's portfolio

Ron Paul's investments were made largely pre-2002. I know some folks don't follow the news but gold has actually UP in value since 2002. By quite a bit. I've seen elsewhere that his ROI over the past 10 years has been over 500%. While I'm not a gold-owner, I'd be hesitant to argue with that success ...
by FafnerMorell
Wed Dec 21, 2011 4:37 pm
Forum: Investing - Theory, News & General
Topic: My review of Applied Economics by Sowell
Replies: 82
Views: 5337

Re: My review of Applied Economics by Sowell

It's discussions like these which have lead to many definitions of the word "academic" being insulting rather than praiseworthy. And unfortunately, throwing "economics" into the mix is no better than alchemy (at least there were times in history where alchemy was considered a serious pursuit).
by FafnerMorell
Fri Dec 16, 2011 7:40 am
Forum: Investing - Theory, News & General
Topic: Has the finance industry become less efficient?
Replies: 21
Views: 1451

Re: Has the finance industry become less efficient?

It seems that for the small investor interested in minimizing fees (e.g. Bogleheads), there's been a lot of improvement in financial costs. But it would seem that there's a large segment of folks not interested in this, and willing to pay large sums in fees for access to more exotic offerings. /shru...
by FafnerMorell
Mon Dec 12, 2011 10:58 pm
Forum: Investing - Theory, News & General
Topic: Dec 12th: MF Global execs say don't know where the money is
Replies: 33
Views: 2831

Re: Dec 12th: MF Global execs say don't know where the money

Wasn't one of the major purposes of all the Sarbanes-Oxley legislation that Corzine passed was to prevent companies from these sort of accounting swindles? Maybe there's some more "insider trading" loopholes where laws which apply to regular citizens don't apply to politicians and ex-politicians.
by FafnerMorell
Mon Dec 12, 2011 5:29 pm
Forum: Personal Consumer Issues
Topic: Do Bogleheads hire maid services?
Replies: 47
Views: 3989

Re: Do Bogleheads hire maid services?

As pointed out, I don't think BHs are a monolithic group on all topics, even those involving spending.
That said, I hire a weekly maid service - while I don't consider our house getting all that dirty, my wife appreciates the dusting & misc cleaning they do.
by FafnerMorell
Sat Dec 10, 2011 10:13 am
Forum: Investing - Theory, News & General
Topic: World distribution of Ultra High Net Worth wealth
Replies: 19
Views: 3254

Re: World distribution of Ultra High Net Worth wealth

Latin America is doing a lot better than I would have guessed. I know they've got Carlos Slim, but apparently a lot more as well. Learn something new everyday.
by FafnerMorell
Fri Dec 09, 2011 7:35 am
Forum: Personal Consumer Issues
Topic: Favorite Podcasts
Replies: 42
Views: 5239

Re: Favorite Podcasts

The History of Rome +1 - my favorite by far. Economist, Planet Money and "Stuff You Missed in History Class" are also good. TED in video format is good, but generally I listen to podcasts while walking/driving. While not free podcasts, I do love "The Great Courses" by the Teaching Company to listen...
by FafnerMorell
Tue Dec 06, 2011 9:37 am
Forum: Personal Consumer Issues
Topic: Do you think most kids are brats?
Replies: 114
Views: 8323

Re: Do you think most kids are brats?

Back when I was a young adult, I was quick to assume kids were brats and not being raised right. The screaming child in the grocery store and the spoiled brat throwing a fit in the shopping mall made up the stereotype I held of what "kids today" were like. Now that I've spent more time observing kid...