Buying land after crisis is over

[Quarky]

It's really simple, with age comes wisdom and experience. the older guys have seen the traps and pitfalls before.

The young guns have only seen one setback in a long time of prosperity, and it recovered reasonably quickly. So they ignore all the older warning signs, keep the blinkers on and talk the talk about V curve recovery etc.

One of the greatest in USA and the world, is Warren Buffet, a very humble older gent. He and his wife still live in their 3 bedroom house on a farm out in the boon docks, no fancy mansions for them they are very down to earth people and give away most of his earnings.

So far he has done very little, sold off 1% of 3 of his holdings in different industries, only because of regulations, he had got above the 10%

The really interesting thing is he is raising cash in big loads, even though he has massive cash reserves.

So it seems he knows that cash is going to be king and the market is/has a long way to fall then he will step in and pick up the pieces when the time is right. He seems to be loading his guns and a cannon. Maybe a major target in sight.

And he went to cash in October last year.... even before the virus appeared...

Anyone ever thought of buying either Class A or Class B Berkshire Hathaway shares? Especially in a bear market?

 

[Quarky]

He lives in Omaha Nebraska but in the suburbs

And he's also a bit of a pervert 5555

What.. even compared to members here? ..55

 

[bacwaan]

^ yes..he really should be living in Salt Lake City Utah...555

 

[justcruzing1]

He lives in Omaha Nebraska but in the suburbs

And he's also a bit of a pervert 5555

Yes Omaha but the interview 60 mins did with them many years ago showed a house without any neighbors, looked to be on at least a couple of acres.

i have seen interviews where he jokes about why he still goes to work, his answer was he likes to see thee young girls in their skirts 5555

I don't think that makes him a pervert. Just a normal red blooded man.....Or have you got something else?

 

[Quarky]

JC... here's some quotes... Once a Philosopher, twice a pervert... wasn't he also friends with known paedophiles or something?


Seasoned Dealbreaker readers and/or anyone who has ever listened to the words coming out of Warren Buffett's mouth have long known that the Oracle of Omaha loves to pair his folksy business wisdom with references to how frisky he's feeling. A short list of topics on which Buffett has injected his trademark style include: undervalued stocks ("I like an oversexed guy in a whorehouse"), Bear Stearns ("It’s like a woman taking off half her clothes and asking, ‘Should I continue?’ Even if you’re a 90-year-old eunuch, you let ‘em finish."), the stimulus package ("First stimulus package was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in"), why people sell companies to Berkshire ("You can sell it to Berkshire, and we’ll put it in the Metropolitan Museum; it’ll have a wing all by itself; it’ll be there forever. Or you can sell it to some porn shop operator, and he’ll take the painting and he’ll make the boobs a little bigger and he’ll stick it up in the window, and some other guy will come along in a raincoat, and he’ll buy it.") and bridge ("If I’m playing bridge and a naked woman walks by, I don’t ever see her...don't test me on that!").

 

[justcruzing1]

JC... here's some quotes... Once a Philosopher, twice a pervert... wasn't he also friends with known paedophiles or something?


Seasoned Dealbreaker readers and/or anyone who has ever listened to the words coming out of Warren Buffett's mouth have long known that the Oracle of Omaha loves to pair his folksy business wisdom with references to how frisky he's feeling. A short list of topics on which Buffett has injected his trademark style include: undervalued stocks ("I like an oversexed guy in a whorehouse"), Bear Stearns ("It’s like a woman taking off half her clothes and asking, ‘Should I continue?’ Even if you’re a 90-year-old eunuch, you let ‘em finish."), the stimulus package ("First stimulus package was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in"), why people sell companies to Berkshire ("You can sell it to Berkshire, and we’ll put it in the Metropolitan Museum; it’ll have a wing all by itself; it’ll be there forever. Or you can sell it to some porn shop operator, and he’ll take the painting and he’ll make the boobs a little bigger and he’ll stick it up in the window, and some other guy will come along in a raincoat, and he’ll buy it.") and bridge ("If I’m playing bridge and a naked woman walks by, I don’t ever see her...don't test me on that!").

Seriously Nick you obviously have no idea of this man, he is so so intelligent and he gets interviewed by these young dickhead press and he has a great sense of humor, so he gives them answers like those.

How does that make him a perv or involved with pedo's???

And wht he is saying is when the market is right to plunder he gets excited, like an over sexed guy in a whor house, he doesn't know who to fuck next..... so he just fucks them all... and on the market he has 5555

 

[MarcTwoSix]

Yes Omaha but the interview 60 mins did with them many years ago showed a house without any neighbors, looked to be on at least a couple of acres.

i have seen interviews where he jokes about why he still goes to work, his answer was he likes to see thee young girls in their skirts 5555

I don't think that makes him a pervert. Just a normal red blooded man.....Or have you got something else?

No just a normal house on a street
Only worth 680kusd too!

He is basically a poligimist

His Christmas Card were with his 2 wives! 5555

PS...That is all true and a bit weird, but just taking the piss because he's so straight in every other aspect

 

[Quarky]

Seriously Nick you obviously have no idea of this man, he is so so intelligent and he gets interviewed by these young dickhead press and he has a great sense of humor, so he gives them answers like those.

How does that make him a perv or involved with pedo's???

And wht he is saying is when the market is right to plunder he gets excited, like an over sexed guy in a whor house, he doesn't know who to fuck next..... so he just fucks them all... and on the market he has 5555

I know what he is saying... 55

I've used a lot of his investment techniques for my own investments over the last ten years. I read a biography about him many years ago and it inspired me. How he started as a kid etc. But I don't know a lot about his private life. I just heard he was friends with some dodgy people. But then most billionaires seem a bit dodgy...

 

[Moo Uaon]

Ray Dalio is rated as one of the top hedge fund investors of all time. My guess is that he instructed the interviewers that he would not provide investment advice, so you need to form your own views. He pushes the difficulty of timing markets, the cost of being in cash (i.e. negative real return), but is categorical that we are going into a long depression, and a major (and uncertain) redistribution of wealth.

Been rerading all sorts of opinions but that is what is feared. It could impact returns on Super which people at that stage of life is not good.
Interest rates were already low and negative returns and interest rates with high inflation a real concern.
I certainly hope it's not that bad.

 

[OZZYGUY]

Not in the village though....
My wife's village is a bit different in that you can't buy less than 10rai(and I think I've only seen 10rai once, all a lot bigger)

It is one of the best areas for rice so not many small parcels of land for sale

Would it be worth buying a big parcel and split it?

just keep what you need and maybe sell the rest for what you paid.

 

[MarcTwoSix]

I have maybe asked this before but if so I have forgotten the answer, what is the price for land in your TG's village?

I think you may have said your missues was about the same
Around 300k per rai

We got offered 19 rai before for 3mil I just didn't want 19rai!

 

[MarcTwoSix]

Would it be worth buying a big parcel and split it?

just keep what you need and maybe sell the rest for what you paid.

Well now I want a little bigger than I originally thought just to be away from neighbors and their drama

 

[OZZYGUY]

Well now I want a little bigger than I originally thought just to be away from neighbors and their drama

Do you need to buy in her village?

Most guys that I know that have brought in the village that the wife comes from has always had issues. (Thai and Filipina)

Move away some place thats close but not too close.

Although I get on well with the in laws I would never buy in the same place, Maybe not even in the same island.....55

 

[MarcTwoSix]

Do you need to buy in her village?

Most guys that I know that have brought in the village that the wife comes from has always had issues. (Thai and Filipina)

Move away some place thats close but not too close.

Although I get on well with the in laws I would never buy in the same place, Maybe not even in the same island.....55

Yes I would buy in her village but the rule is at least a 10min drive( which I will push to 15-20mins if I can)
Even a 10min drive takes us a decent amount away from where her family is in the village
Preferably on the way to the bigger city Singburi. It's about 30-35min drive to Sing, would be nice to cut it to 20mins

She wanted to buy the land right next to her Aunt's house and I said no way
But she knows I wouldn't live next to my own family

And she knows how much I hate drama
Although her family doesn't have too much anyways she knows I don't want any so I know she will do a good job of keeping it out of a house that we have

 

[OZZYGUY]

Yes I would buy in her village but the rule is at least a 10min drive( which I will push to 15-20mins if I can)
Even a 10min drive takes us a decent amount away from where her family is in the village
Preferably on the way to the bigger city Singburi. It's about 30-35min drive to Sing, would be nice to cut it to 20mins

She wanted to buy the land right next to her Aunt's house and I said no way
But she knows I wouldn't live next to my own family

And she knows how much I hate drama
Although her family doesn't have too much anyways she knows I don't want any so I know she will do a good job of keeping it out of a house that we have

What is the main reason to buy the land? A place to retire, to help support the family? a place to stay when in LOS?

 

[slampay]

What is the main reason to buy the land? A place to retire, to help support the family? a place to stay when in LOS?

Only one answer:

Keep the woman happy.

 

[MarcTwoSix]

Only one answer:

Keep the woman happy.

You think I would have done that sometime before 17 years if that was the case....

 

[MarcTwoSix]

What is the main reason to buy the land? A place to retire, to help support the family? a place to stay when in LOS?

I've never had a desire to spend much time in the village but I do now in the future
Ao's village is beautiful and not far from Singburi that has a lot going on
I'd be happy to spend some decent amount of time there
Plus it's only a 2hr drive to Bangkok

The dilemna that I am faced with is building a house that I want to live in
Ao would be happy with a house that costs 1mil baht
I wouldn't
But have no clue if you can even get decent enough builders to make it worth spending for what I would want

So may be something in the middle
But i definitely want to build something that I enjoy

I'd rather spend, say 6mil baht than wasting 2mil baht on a place I don't really love

PS....I'd have no clue what 6mil would buy, I just picked that #

 

[slampay]

You think I would have done that sometime before 17 years if that was the case....

Hey bro I'm not judging! I bought my ex a 80k convertible because she really really really loved the color. 55

 

[MarcTwoSix]

Hey bro I'm not judging! I bought my ex a 80k convertible because she really really really loved the color. 55

Well her being happy definitely comes into play
She is her happiest when she is in her village

Ultimately I'd like a place in Boston and a place in her village
Although she's a lot more happy to spend a lot more time in her home than I am mine 5555