irondoor91

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  • 4 Tidbits from Third Avenue Value Fund's Q3 Letter
    You fellows post as if somebody gives a ---- about your positions. When disclosing, please give size, date of purchase, cost basis. Then, we can determine your positions. Of course, a photo of your most recent brokerage statement would suffice.
    Aug 24 23:41 pm |Rating: 0 0 |Link to Comment |View article
  • Corporate Fraud + Government Intervention = Bailout Nation
    How many times have you heard that one of our major problems is our "low savings rate"? For years now it has been close to or less than zero.

    Out come the "stimulus checks" and lo and behold we find that about 30% of the money wasn't spent, but was actually saved in a bank account or used to reduce some credit card debt.

    The next outcry was bemoaning the fact that people were saving and actually coming to their senses!

    The whole world knows that if Americans ever returned to the '60's and saved/invested 5-10% of their incomes the global economy would be down the tubes. The world depends on Americans borrowing and spending themselves and their country into bankruptcy. And they will gladly sell us the junk and loan us the money to do it with.

    My question is, where will the world find the next goose to pluck?
    Aug 06 10:13 am |Rating: +1 0 |Link to Comment |View article

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