Oh no! Maybe I have to go to Toronto! Need BIOMETRIC DATA! (Can this be mailed in?) What are tickets like? When should I go?
Shopping with Mumsy today and out for lunch! Food, gardening stuff, and cat food, what did we find?
Then off to the library to read Daniel J. Levitin’s book on Successful Aging - it’s all about the people! Who will change the light bulb? Where will I get ice cream? And who will I have lunch with?
And what’s this about Warren Buffett and the art of stock arbitrage?? Mostly stuff you can’t or won’t do.
-takeover targets - but how do you know?
-Buffett DID use leverage in his early days on his “sure thing” trades
-“buy what you know” is commonly attributed to Buffett but, does that mean industry or stock trading techniques?
-Mergers and acquisitions, corporate reorganizations, stock buybacks, corporate liquidations (eg, when the assets of the company are worth more than what the company trades for on an exchange), stubs (leftovers from a merger or spinoff), etc.
-Where does he find them? The NEWS! WSJ, MSN, Google! Good luck!
-Overall, the book is rather light on HOW to actually make these finds that Buffett did in his earlier trading years. Even a cursory check through ChatGPT or another search will show that most of these methods either aren’t easy to do these days or, even worse, can’t be done at all.
-Mary Buffett is basically playing off of her name change from having been married to Buffett’s son for twelve years.
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Show notes n tracks up on stevensirski.com
Transcript and more available on Google Drive: https://drive.google.com/drive/folders/1om1Geup1o6Adi-A8kTAnCf12Zo7nDkAt?usp=sharing
Newsletter over at stevensirski.substack.com
Language vlog on http://www.youtube.com/@stevenslanguagevlog
Google Stock Tracker Sheet
https://docs.google.com/spreadsheets/d/1kbpCC2cieuq23zYyr0-WznPRogVX0aS86BF4_vPvgMY/edit?usp=sharing
Hope you have a great one!!
00:00 Visa Biometrics Surprise
01:42 Fingerprints From Taiwan
05:57 Travel Costs And Timing
09:04 Employer Reimbursement Debate
14:03 Shopping And Pancake Lunch
16:08 Cat Allergies And Food Math
23:32 Library And Health Habits
26:44 Supplements Sleep And Socializing
32:50 Warren Buffett Arbitrage Myth
48:46 Wrap Up And Links
