Down goes the Dow

the idiot wrote:

Maserati wrote:“But real wealth is the “stuff” — food, clothes, land, oil, and so forth....

I disagree with this, although maybe I misunderstand the precise intent. I DO agree with your second statement about wealth being about personal richness of life. I think that nails it.

You know that first part was Roberts and not me, right?

I wrote I disagree with "this," not "you." I have a similar challenge communicating my opinions with my spouse, who assumes that our different opinions are in competition and are somehow about the person, not the opinion... :-)

the idiot wrote:

I wrote I disagree with "this," not "you." I have a similar challenge communicating my opinions with my spouse, who assumes that our different opinions are in competition and are somehow about the person, not the opinion... :-)

My spouse likes to tell me that I am entitled to my opinion even though it is wrong.

See, Idiot, that’s the problem: any nugget would make it easy, depending upon with whom you’re in contact.

Those initials bring back memories, though. I’m trying to think of details that you might have to put together yourself, and not trace.

Currently I live in the US, but spend much time in the Alps at a second home, will be there during Feb. Still looking for a Med place, because we will be likely moving there, I have filed the papers to have my euro citizenship recognized. Won several open state titles down here, and have been top-10 in world masters lists, although that was a few years ago when I still cared. Not from Van, but did live there for some years, and went to law school there. Ran into my RMC mom on Kits beach once after his discharge, and had dinner with him and a friend who was still serving, spent most of the time consoling the friend who thought that mom would never find a civilian footing after having worked for many years on a now-defunct helicopter project.

Asking him who it was would be unfair, but I used to get a kick out of saying “Hiya Fred!” to FW , in my best Barney Rubble voice. He would crack up every time, I don’t think he was so much laughing with me, as laughing at me?.

I haven’t kept in touch with anyone. A few guys would swing by my parent’s place to say hi, TS (GSXR750) and RJ (K 75 S, I think) are 2 that come to mind, and I was even there once or twice. I think TS liked the home cooking?.

I once got into an accident when I borrowed FM’s car (Mustang) and somebody ran a stop sign and hit me. I felt so bad that I paid for all the repairs out of my pocket.

MG once gave my gf a ride from the train station on his bike (Ninja 900R), and asked me if I would be offended if he told me how great he thought her boobs were, because she had on an anatomic backpack—and, well, they were great after all.?

All great guys. Some of the best people I have ever known.

Because it won’t be possible to look up, I once received a commendation from the DCadets for actively including “females” in a sporting event, for which they had apparently showered me with praise. It was strange because where I came from, only weirdos didn’t include women. I told the DCadets to shove his commendation because it was an embarrassment. He was not pleased.

I did not compete in track because I was exploring other things, and I figured that my track career was behind me. I did enjoy those morning runs at Basic, where I would lap everyone. I also won the PF crown a few times IIRC. Once it was listed as BE, but I had a cold for the regular one and had to do the supp, and by that time the award had already been given at parade. Funny enough, I had perfect scores in everything except for the run! I never cared enough to get 500, but I got very close. I’m pretty sure the guy who counted my situps fudged a bit, but I got well over 100 anyway, so it evened out.

He was a great guy, too. One time he and I took a canoe up the Rideau for a weekend and went fishing. We crashed out for a while on a nice rock, with our hats over our faces. When we awoke there was a giant splat of seagull crap on his hat! I still have the photo?.

Lol I also still have a photo of me and JD at basic, looking “mean” in our full kit, with face camo. I should email people the various photos I have, they would get a kick out of them.

Good times. Don’t cheat by doing research! If you’re one of those I have mentioned, you will know. You never know, maybe we never crossed paths too much.

See, Idiot, that’s the problem: any nugget would make it easy, depending upon with whom you’re in contact.

Those initials bring back memories, though. I’m trying to think of details that you might have to put together yourself, and not trace.

Currently I live in the US, but spend much time in the Alps at a second home, will be there during Feb. Still looking for a Med place, because we will be likely moving there, I have filed the papers to have my euro citizenship recognized. Won several open state titles down here, and have been top-10 in world masters lists, although that was a few years ago when I still cared. Not from Van, but did live there for some years, and went to law school there. Ran into my RMC mom on Kits beach once after his discharge, and had dinner with him and a friend who was still serving, spent most of the time consoling the friend who thought that mom would never find a civilian footing after having worked for many years on a now-defunct helicopter project.

Asking him who it was would be unfair, but I used to get a kick out of saying “Hiya Fred!” to FW , in my best Barney Rubble voice. He would crack up every time, I don’t think he was so much laughing with me, as laughing at me?.

I haven’t kept in touch with anyone. A few guys would swing by my parent’s place to say hi, TS (GSXR750) and RJ (K 75 S, I think) are 2 that come to mind, and I was even there once or twice. I think TS liked the home cooking.

I once got into an accident when I borrowed FM’s car (Mustang) and somebody ran a stop sign and hit me. I felt so bad that I paid for all the repairs out of my pocket.

MG once gave my gf a ride from the train station on his bike (Ninja 900R), and asked me if I would be offended if he told me how great he thought her boobs were, because she had on an anatomic backpack—and, well, they were great after all.?

All great guys. Some of the best people I have ever known.

Because it won’t be possible to look up, I once received a commendation from the DCadets for actively including “females” in a sporting event, for which they had apparently showered me with praise. It was strange because where I came from, only weirdos didn’t include women. I told the DCadets to shove his commendation because it was an embarrassment. He was not pleased.

I did not compete in track because I was exploring other things, and I figured that my track career was behind me. I did enjoy those morning runs at Basic, where I would lap everyone. I also won the PF crown a few times IIRC. Once it was listed as BE, but I had a cold for the regular one and had to do the supp, and by that time the award had already been given at parade. Funny enough, I had perfect scores in everything except for the run! I never cared enough to get 500, but I got very close. I’m pretty sure the guy who counted my situps fudged a bit, but I got well over 100 anyway, so it evened out.

He was a great guy, too. One time he and I took a canoe up the Rideau for a weekend and went fishing. We crashed out for a while on a nice rock, with our hats over our faces. When we awoke there was a giant splat of seagull crap on his hat! I still have the photo.

Lol I also still have a photo of me and JD at basic, looking “mean” in our full kit, with face camo. I should email people the various photos I have, they would get a kick out of them.

Good times. Don’t cheat by doing research! If you’re one of those I have mentioned, you will know. You never know, maybe we never crossed paths too much.

See, Idiot, that’s the problem: any nugget would make it easy, depending upon with whom you’re in contact.

Those initials bring back memories, though. I’m trying to think of details that you might have to put together yourself, and not trace.

Currently I live in the US, but spend much time in the Alps at a second home, will be there during Feb. Still looking for a Med place, because we will be likely moving there, I have filed the papers to have my euro citizenship recognized. Won several open state titles down here, and have been top-10 in world masters lists, although that was a few years ago when I still cared. Not from Van, but did live there for some years, and went to law school there. Ran into my RMC mom on Kits beach once after his discharge, and had dinner with him and a friend who was still serving, spent most of the time consoling the friend who thought that mom would never find a civilian footing after having worked for many years on a now-defunct helicopter project.

Asking him who it was would be unfair, but I used to get a kick out of saying “Hiya Fred!” to FW , in my best Barney Rubble voice. He would crack up every time, I don’t think he was so much laughing with me, as laughing at me?.

I haven’t kept in touch with anyone. A few guys would swing by my parent’s place to say hi, TS (GSXR750) and RJ (K 75 S, I think) are 2 that come to mind, and I was even there once or twice. I think TS liked the home cooking?.

I once got into an accident when I borrowed FM’s car (Mustang) and somebody ran a stop sign and hit me. I felt so bad that I paid for all the repairs out of my pocket.

MG once gave my gf a ride from the train station on his bike (Ninja 900R), and asked me if I would be offended if he told me how great he thought her breasts were, because she had on an anatomic backpack—and, well, they were great after all.?

All great guys. Some of the best people I have ever known.

Because it won’t be possible to look up, I once received a commendation from the DCadets for actively including “females” in a sporting event, for which they had apparently showered me with praise. It was strange because where I came from, only weirdos didn’t include women. I told the DCadets to shove his commendation because it was an embarrassment. He was not pleased.

I did not compete in track because I was exploring other things, and I figured that my track career was behind me. I did enjoy those morning runs at Basic, where I would lap everyone. I also won the PF crown a few times IIRC. Once it was listed as BE, but I had a cold for the regular one and had to do the supp, and by that time the award had already been given at parade. Funny enough, I had perfect scores in everything except for the run! I never cared enough to get 500, but I got very close. I’m pretty sure the guy who counted my situps fudged a bit, but I got well over 100 anyway, so it evened out.

He was a great guy, too. One time he and I took a canoe up the Rideau for a weekend and went fishing. We crashed out for a while on a nice rock, with our hats over our faces. When we awoke there was a giant splat of seagull crap on his hat! I still have the photo.

Lol I also still have a photo of me and JD at basic, looking “mean” in our full kit, with face camo. I should email people the various photos I have, they would get a kick out of them.

Good times. Don’t cheat by doing research! If you’re one of those I have mentioned, you will know. You never know, maybe we never crossed paths too much.

Long post that wasn’t posting so I have broken it in half:

See, Idiot, that’s the problem: any nugget would make it easy, depending upon with whom you’re in contact.

Those initials bring back memories, though. I’m trying to think of details that you might have to put together yourself, and not trace.

Currently I live in the US, but spend much time in the Alps at a second home, will be there during Feb. Still looking for a Med place, because we will be likely moving there, I have filed the papers to have my euro citizenship recognized. Won several open state titles down here, and have been top-10 in world masters lists, although that was a few years ago when I still cared. Not from Van, but did live there for some years, and went to law school there. Ran into my RMC mom on Kits beach once after his discharge, and had dinner with him and a friend who was still serving, spent most of the time consoling the friend who thought that mom would never find a civilian footing after having worked for many years on a now-defunct helicopter project.

Asking him who it was would be unfair, but I used to get a kick out of saying “Hiya Fred!” to FW , in my best Barney Rubble voice. He would crack up every time, I don’t think he was so much laughing with me, as laughing at me?.

I haven’t kept in touch with anyone. A few guys would swing by my parent’s place to say hi, TS (GSXR750) and RJ (K 75 S, I think) are 2 that come to mind, and I was even there once or twice. I think TS liked the home cooking?.

I once got into an accident when I borrowed FM’s car (Mustang) and somebody ran a stop sign and hit me. I felt so bad that I paid for all the repairs out of my pocket.

MG once gave my gf a ride from the train station on his bike (Ninja 900R), and asked me if I would be offended if he told me how great he thought her breasts were, because she had on an anatomic backpack—and, well, they were great after all.?

All great guys. Some of the best people I have ever known.

Sorry I don’t know WTF happened, I kept getting the message that the post could not be saved, I had no indication that it was actually posting. I thought it may have been filtering out boobs or crap, I guess not.

Markets up! Carry on.

Motorcycle enthusiast? Interceptor 500 that was always going to Vic Hall??

haha I only read it once.

On my run I had three new thoughts. One was TS (who has a finance background and married one of the EA twins who is no slouch, a well-regarded academic), JH (rugby player, management consulting background, strong runner) and another whose face appears but whose initials do not. Alas, none of these fit your profile. You've limited it considerably with the fitness test results; my best was 450, my best 1.5 was 8:15 and being a short-arse, my best standing broad jump was whatever gave 85%.

I won't research this; I don't have any school documentation and I'm out of the country and not in touch with any classmates. If I do guess it, you gotta fess up, if only by gmail at "theLRCidiot."

Doing the mental inventory I'm in awe of our cohort, at least the ones I know something of. We've lost at least three I know of, and some good friends have fallen completely off the map.

I will fess up if you get it.

Yep time passes, and sometimes it is better that things pass with it—but it is fun to reminisce in an accidental meeting. For me, it was like a second childhood, looking back on it now. We were so young. Sad to hear that some have passed, but with each passing year that number grows in everyone’s life.

I’m looking forward to the next phase, coming shortly: either working in an IP capacity in Europe, as a track coach, or as a Swiss trash collector (my wife liked their little trucks), or as a French gendarme (my wife likes their pants). I have no interest in the gendarmerie, so I went to a surplus place and just bought a pair of the pants to satisfy her desires.?

Seriously though, what part of the world are you in now?

Maserati wrote:Seriously though, what part of the world are you in now?

Ah, that's a bigger story that'll wait until we know who we're talking to. I can't really say without letting the cat out of the bag.

Just curious where life has taken you. It would give away nothing, I am totally out-of-touch with essentially all things Canadian, and have not lived there for 20 years now.

Uh-oh, don’t want markets falling into Friday close. Impeachment articles? Meaningless, maybe the initial response is dumb algos. PPT might correct, seeing as it’s Friday.

Of course, they will first have to reach them at lunch or on the links first, so there will be a lag.

PPT is out with Trump on the links. Someone better get in touch with the Team because the Boss is gonna be pissed. PPT may get a “you’re fired!”

?

Maserati wrote:Just curious where life has taken you.

I married DB from our class. it's not my work that has us "somewhere in Europe." Days are long here at the moment due to current events.

Dow 29k!!

Back to stock valuations. I can recall a similar time some 20 years ago that Julian Robertson closed his Tiger Fund. Today, AQR using similar valuation metrics for their investment philosophy just laid off employees and lost $Billions in assets under management. So I would expect the comments echoed here. The point missed is that levels of over valuation historically mean revert or in some cases mean invert. If the market moves from 50% to 65% above normal valuation levels it certainly increases rather than lessens the risk. Of course investors at this stage are intoxicated by their paper profits, yet history gives a road map on how this ends. The thing I find hard to believe is how short the investor memory is, and how arrogant central bankers have become.

My wife is half-French, that is why we are there all the time. My family is also euros, hence my euro citizenship.

Are you in any euro markets? As a “US person” for tax purposes, euro banking is a nightmare for me, but I make do. I will probably have to let go of my US residency to make things easier, but that is very involved for me given my US business and professional interests.

Peut-être vous parlez des grèves? C’est vraiment difficile à ce moment avec des perturbations partout.

PPT have turned the dial. Igy there was already lots of turnover in the PPT recently.

Seattle yes you and I know, but many don’t, they just accept it on its face.

Busy for rest of day, let’s hope there are no market dislocations between now and close. Boy the press is really adding fuel to the melt-up fire.