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July 6, 2009 at 4:59 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426232July 6, 2009 at 4:59 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426520
patientrenter
Participant[quote=Allan from Fallbrook]PR: Like I said, I’d be open to discussing it. I don’t consider myself an expert by any stretch of the imagination and, for the most part, my investment strategy over the years has been pretty staid and boring.
However, that said, I do think there are some unique opportunities out there. As with anything else promising significant upside, there is also significant downside and that’s where really good due diligence comes into play. My worry has been not having the time to focus on this properly and that amplifies the risk in my opinion.[/quote]
I don’t think we expect you to work miracles, Allan. I, and most of us, are pretty good at accepting that risk = maybe gain, maybe loss. If everyone contributed only what I did to the fund, the gains, if any, would be enough to cover a few beers, and any losses would just trigger a few more beers. To make it really worthwhile, and cover overhead, it would probably have to be $5-50 mill. I doubt we can swing that.
So for this idea, we Piggs are just either beer money and an excuse to learn (like flu), or we’re seed money for your 30-year plan to put Vanguard out of business. Cheers!
July 6, 2009 at 4:59 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426590Participant[quote=Allan from Fallbrook]PR: Like I said, I’d be open to discussing it. I don’t consider myself an expert by any stretch of the imagination and, for the most part, my investment strategy over the years has been pretty staid and boring.
However, that said, I do think there are some unique opportunities out there. As with anything else promising significant upside, there is also significant downside and that’s where really good due diligence comes into play. My worry has been not having the time to focus on this properly and that amplifies the risk in my opinion.[/quote]
I don’t think we expect you to work miracles, Allan. I, and most of us, are pretty good at accepting that risk = maybe gain, maybe loss. If everyone contributed only what I did to the fund, the gains, if any, would be enough to cover a few beers, and any losses would just trigger a few more beers. To make it really worthwhile, and cover overhead, it would probably have to be $5-50 mill. I doubt we can swing that.
So for this idea, we Piggs are just either beer money and an excuse to learn (like flu), or we’re seed money for your 30-year plan to put Vanguard out of business. Cheers!
July 6, 2009 at 4:59 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426753Participant[quote=Allan from Fallbrook]PR: Like I said, I’d be open to discussing it. I don’t consider myself an expert by any stretch of the imagination and, for the most part, my investment strategy over the years has been pretty staid and boring.
However, that said, I do think there are some unique opportunities out there. As with anything else promising significant upside, there is also significant downside and that’s where really good due diligence comes into play. My worry has been not having the time to focus on this properly and that amplifies the risk in my opinion.[/quote]
I don’t think we expect you to work miracles, Allan. I, and most of us, are pretty good at accepting that risk = maybe gain, maybe loss. If everyone contributed only what I did to the fund, the gains, if any, would be enough to cover a few beers, and any losses would just trigger a few more beers. To make it really worthwhile, and cover overhead, it would probably have to be $5-50 mill. I doubt we can swing that.
So for this idea, we Piggs are just either beer money and an excuse to learn (like flu), or we’re seed money for your 30-year plan to put Vanguard out of business. Cheers!
ParticipantI think collapse could be avoided using simple govt guarantees of bank deposits, debts, and bank counterparty guarantees. What these guys are trying to avoid is the restructuring pain. It cannot be avoided, only passed on to others. There’s no need for us (i.e. the others) to accept that, if we were smart enough to see what was happening.
ParticipantI think collapse could be avoided using simple govt guarantees of bank deposits, debts, and bank counterparty guarantees. What these guys are trying to avoid is the restructuring pain. It cannot be avoided, only passed on to others. There’s no need for us (i.e. the others) to accept that, if we were smart enough to see what was happening.
ParticipantI think collapse could be avoided using simple govt guarantees of bank deposits, debts, and bank counterparty guarantees. What these guys are trying to avoid is the restructuring pain. It cannot be avoided, only passed on to others. There’s no need for us (i.e. the others) to accept that, if we were smart enough to see what was happening.
ParticipantI think collapse could be avoided using simple govt guarantees of bank deposits, debts, and bank counterparty guarantees. What these guys are trying to avoid is the restructuring pain. It cannot be avoided, only passed on to others. There’s no need for us (i.e. the others) to accept that, if we were smart enough to see what was happening.
ParticipantI think collapse could be avoided using simple govt guarantees of bank deposits, debts, and bank counterparty guarantees. What these guys are trying to avoid is the restructuring pain. It cannot be avoided, only passed on to others. There’s no need for us (i.e. the others) to accept that, if we were smart enough to see what was happening.
July 5, 2009 at 5:51 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #425631ParticipantWell, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.
July 5, 2009 at 5:51 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #425860ParticipantWell, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.
July 5, 2009 at 5:51 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426148ParticipantWell, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.
July 5, 2009 at 5:51 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426216ParticipantWell, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.
July 5, 2009 at 5:51 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426380ParticipantWell, if you come to any conclusions on it, feel free to let us know. I am keeping powder dry for the cash purchase of a home, and for a boost in my equity holdings, but I’d be open to a few hundred K of other ‘play’ investments if it helps you get to a critical mass.
July 5, 2009 at 4:34 PM in reply to: OT: “Bank of America sets cutoff for redeeming California IOUs” #426185ParticipantHow much money under management do you think would make it worthwhile, Allan? Half-serious too…..
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