mircea_popescu: split or in anticipation of one would definitely downgrade the quality of our present shareholder group. (Could we really improve our shareholder group by trading some of our present clear-thinking members for impressionable new ones who, preferring paper to value, feel wealthier with nine $10 bills than with one $100 bill?) People who buy for non-value reasons are likely to sell for non-value reasons. Their pre

mircea_popescu: Were we to split the stock or take other actions focusing on stock price rather than business value, we would attract an entering class of buyers inferior to the exiting class of sellers. At $1300, there are very few investors who can’t afford a Berkshire share. Would a potential one-share purchaser be better off if we split 100 for 1 so he could buy 100 shares? Those who think so and who would buy the stoc

mircea_popescu: with at least several thousand public shareholders and more than $1 billion of market value, we are almost certainly the leader in the degree to which our shareholders think and act like owners. Upgrading a shareholder group that possesses these characteristics is not easy.

mircea_popescu: " Police in Danville are investigating the theft of more than $15,000 worth of manhole covers that were stolen from various parts of the city"

mircea_popescu: nubbins` "If she could go back to her senior year of high school, Verge would make different choices, like hooking up with guys that beat her into sense and spend $24 a day on stockings alone rather than the current looser she's hitched with" ☟︎

mircea_popescu: $24 ? that's not that bad is it ?

mircea_popescu: $depth x.eur

mircea_popescu: However utility functions are often not linear, i.e the more a person has already spent on their safety the less they are willing to spend to further increase their safety. Therefore the $50 valuation should not be taken to mean that a human life (1 million micromorts) is valued at $50,000,000.

mircea_popescu: (e.g., how much they are willing to pay for safety features on cars) a typical value is around $50 (in 2009)

mircea_popescu: $100 dollars.

mircea_popescu: "The two went through a contentious divorce in 1999 but remained friends, business partners and housemates sharing the $3.7 million, six bedroom, eight bathroom home."

mircea_popescu: 1990. In 2006, revenues came in at $25,920.

mircea_popescu: According to Buffett's 2006 letter to Berkshire shareholders, Blue Chip had 1970 sales of $126 million as about 60 billion of "stamps were licked by savers, pasted into books, and taken to Blue Chip redemption stores." He also said, "When I was told that even certain brothels and mortuaries gave stamps to their patrons, I felt I had finally found a sure thing." Sales dropped to $19.4 million in 1980 and $1.5 million in

mircea_popescu: Gross proceeds from our sale of this equipment came to $163,122. Allowing for necessary pre- and post-sale costs, our net was less than zero. Relatively modern looms that we bought for $5,000 apiece in 1981 found no takers at $50. We finally sold them for scrap at $26 each, a sum less than removal costs.

mircea_popescu: e been replaced new for perhaps $30-$50 million.

mircea_popescu: The equipment sold (including some disposed of in the few months prior to the auction) took up about 750,000 square feet of factory space in New Bedford and was eminently usable. It originally cost us about $13 million, including $2 million spent in 1980-84, and had a current book value of $866,000 (after accelerated depreciation). Though no sane management would have made the investment, the equipment could hav

mircea_popescu: $vwap s.mpoe

mircea_popescu: ThickAsThieves: "realizing net proceeds of $164,758 from his net sales of 86,202 bitcoins" << epic.

mircea_popescu: A: And then $500 deposit from Imsaguy?

mircea_popescu: The third witness presented by the United States Government was the confidential informant, Dr. Steven Charno. After pleading guilty to medical insurance fraud stemming from his criminal act of filing fraudulent medical insurance bills in the amount of $821,000.00, Dr. Charno cooperated with the United States Government against Alfred Caronia.

mircea_popescu: be $700/mo for "some high school" (SSI) or $1500/mo for "previous work experience" (unemployment). I would have accepted $2000/mo for "minorities" (jail) for partial credit."

mircea_popescu: say, a U Chicago grad can do no economically productive work at all but still be paid to use Instagram? Let me be explicit: my question is not should we do this, my question is that since this is precisely what's happening already, is it sustainable? What is the cost? I don't have to run the numbers, someone already has: it's $150/mo for a college grads, i.e. the price of food stamps. Other correct responses would

mircea_popescu: ction and the severity of the mutilation. Judge C. Glenn Stevens awarded the man $16,000,000 in 1993 to compensate him. To satisfy the judgment, the Midwest Rubber Reclaiming plant and equipment owned by the Monsanto Corporation was sold at auction in August 1993. The site has since been leveled with no future prospects for development.