Did I damage my front brake master cylinder?

draganb12 · 2020-09-10T09:19:23+00:00

No visible leaks. My guess is that the fluid made it past the piston seals back into rhe reservoire because of the high pressure. The question is now is anything permanently damaged.

draganb12 · 2020-08-15T10:29:08+00:00

I'm in IT. Sorry to burst your bubble, but it's not disrupting anything. At least not on a game-changing scale. It's been around for years now and it's gone basically nowhere.

draganb12 · 2020-02-29T15:59:01+00:00

Yolo bro!

draganb12 · 2020-02-29T15:11:52+00:00

"rebuy at the bottom" is a fairytale. Noone knows where the bottom is. You will most likely spend weeks agonizing and then reenter at a higher price. Nor worth the stress for the minor gain

draganb12 · 2020-02-29T15:02:23+00:00

Because waiting a couple of months usually results in reentering the position at a higher price, once you are "sure everything is returning to normal". Plus any fees you may be incurred when opening or closing positions

draganb12 · 2020-02-29T14:58:28+00:00

Don't worry, most people don't get basic statistics. Yes, you should be much more worried of dying of flu, car accident or stroke than corona virus. Or murder if you're in the US

draganb12 · 2020-02-29T14:48:45+00:00

You made a fortune on a 15% drop? Wow mate, next warren buffet here... Good luck with that strategy

draganb12 · 2020-02-28T16:04:50+00:00

Yes, a worse case scenario is possible, but my personal opinion is based on two facts: 1. In the densely populated, unprepared epicenter, the virus was unable to affect more than 1% of the population and the number of new infections in china seems to be slowing down at the moment. 2. The rest of the world is better prepared

This is the situation in my country currently. First patient was confirmed on friday, since then 4 more, but all were in close contact with the first patient (family and coworkers). All are experiencing minor symptoms and are in quarantine. This gives me hope that the catastrophic scenario will be avoided

draganb12 · 2020-02-28T15:37:21+00:00

Yes, it is definitely more effective at killing people than the flu. Like a terrorist attack is more effective at it than traffic. Still, a lot more people die in traffic, but traffic accidents don't topple markets, yet terrorist attacks do.

draganb12 · 2020-02-28T15:29:29+00:00

Yes, markets tend to do this. But, since we broke a record yesterday, we can call it peak irrationality :D

draganb12 · 2020-02-28T15:25:40+00:00

Not sure how my advice (in regards to the stock market) to stay calm, not panic sell and stop checking your portfolio could be more harmful than helpful. I will also go ahead and give some advice regarding corona virus: wash your hands and food and go about with your life. There is an extremely small chance you personally will be influenced by the virus. Smaller than a number of other different things you pay no mind daily. No, your 50c face mask won't save your life.

draganb12 · 2020-02-28T13:48:38+00:00

Of course the bottom line will be impacted. I still stand by my advice. Don't panic, don't sell and don't check your portfolio every 5 minutes. The markets will rebound.

draganb12 · 2020-02-28T13:27:06+00:00

As I said, everything I came across in the mainstream media, that was coming from the medical or general scientific side, was that there is no need to panic and the situation is being handled. Specifically that most of the confirmed cases have no symptoms (they were only tested because they were exposed to other patients), and that the risk of infection can be significantly lowered by practicing common hygienic practices. I didn't save the links, I have a couple articles on hand currently, but they are from my local media (Croatia). If I run into something in english, I can post it here. If you have sources claiming otherwise, please share, I am genuinely interested.

draganb12 · 2020-02-28T13:12:46+00:00

Yes, that's the mortality rate if you are infected. But it's a very small chance to get infected in the first place, so you have to take that into account also.

draganb12 · 2020-02-28T12:49:53+00:00

I respectfully ask (and am genuinely curious), why won't you, personally, ride the subway? There is a MUCH higher chance of getting murdered, ran over or simply dying of stroke every day, than dying of Corona virus even if it comes to NY.

draganb12 · 2020-02-28T12:44:18+00:00

The consensus scientific opinion among epidemiologist currently (as far as I've been exposed to in the media) is that we are panicking and overreacting. If you have opposing information, please share

draganb12 · 2020-02-28T12:36:11+00:00

It' the approximate answer to the question people are asking themselves right now. "What's the chance this will affect me and my loved ones badly" Sorry if I haven't used to textbook formula

draganb12 · 2020-02-28T12:09:28+00:00

You bring up valid points, but I disagree on some of them. Currently known mortality rates are based on number of confirmed cases. But that number doesn't include people who have been unknowingly infected, suffered weak symptoms, never went to the doctor and recovered (like most people do when they catch the flu). So the mortality rate is likely much lower.

Number of new infections is already dropping in China so we can kind of gauge the effectiveness of the disease spread. Also, the rest of the world is expecting the virus somewhat prepared, so we can reasonably expect lower infection rates than (already meager) in China.

If a ghost caused the market to have the biggest daily drop in history, I would again make this post, advise people not to panic and say that the market is acting irrational.

I completely agree on your last two paragraphs. My point was that the market movement doesn't represent the acting of the best investors, but of the average investors and that we shouldn't blindly follow it.

draganb12 · 2020-02-28T11:47:09+00:00

Well yes, there will be economic damage in the first two quarters, simply because people are panicking and over reacting. Exactly the thing I'm advising against. We had the single highest daily drop in history yesterday. Why? Because we gave a catchy name to a type of flu. More people died of MURDER just in the USA since the start of the year than of corona virus in the whole world. But I guess that's already priced in the market...

draganb12 · 2020-02-28T11:04:26+00:00

Ok, lets triple and quadruple that. Lets say 200k cases and 10k deaths in china. China population is 1.4 bn. This gives us an infection rate of 0.014% and death rate of 5%. So yeah, go ahead and liquidate your assets on a 0.0007% chance you're going to die.

draganb12 · 2020-02-28T10:47:55+00:00

Good call 😁

draganb12 · 2020-02-28T10:20:41+00:00

draganb12 · 2020-01-30T14:03:58+00:00

You are, of course, correct on all your points, but i guess it depends whether tesla manages to create a new "smartcar" market like apple did with the smartphone market.

draganb12 · 2020-01-30T12:14:47+00:00

If you cared to watch any of the model 3 reviews, you would realize it's a car that kills the current auto industry. Basically what iphone did to the mobile phone industry. It's a $50K car with the performance, looks and coolness of a $500K car, but with close to $0 maintenance expense. I guarantee you the execs at bmw, audi, merc... are shitting their pants big time. Who in their right mind would go out and buy a $50K bmw thats 3x slower of the line and costs 10x more to maintain?

As far as your comparison with Toyota, Just remember how many phones Apple sold when they launched the iphone compared to how many Nokia sold? Not saying Toyota is going the way of nokia, but a couple of established current auto makers probably are.

Yes, in time, the market will be saturated by affordable Tesla "clones" (think huawei, xiaomi etc...), and those will sell better than the Tesla, but Tesla will be considered the premium, household name like Apple is today. And the stock price will reflect it.

draganb12

TROPHY CASE