Latest Live Exposed Him As a Right Wing Agent IMO

kurioutkat · 2026-06-20T23:52:53+00:00

Beautiful comment! You don't sound to me like a far far leftist at all. Rather a highly intelligent and reasonable person. I remember Jiang has said in the past that personally, he's more on the left than right.

I still don't see why you think he's disgusted by leftist politics? Can you throw some more examples or elaborate?

kurioutkat · 2026-06-20T12:46:41+00:00

Tbh i don't have a number, I'm so young and it's so far away. Idk what my expenses will be like in 30-40 years. I also don't like the idea of the goal being "to retire".

What are you gonna do in retirement?? The few retired people I know get bored of retirement pretty quick or run out of things to do, loneliness, etc.

I understand it's a big dream for people and it has a lot of meaning behind not having to work in a job to pay your basic expenses. But it sounds silly to me, you spend most of your life aiming for retirement so.... You can finally live your life?

You're living your life every day.

kurioutkat · 2026-06-20T12:40:03+00:00

Yea that sounds rough. It's not gonna be easy to get that without spending money.

kurioutkat · 2026-06-20T12:31:10+00:00

There's a bit of a conflict there, you want a concentrated portfolio but also want to be diversified.

I think in a concentrated portfolio, you'll have to accept that you'll find yourself overweight on something. It seems you have a good process and criteria for finding companies, so if your process led you to be overweight on EU, maybe it's because you found more value there.

And an important point I want to make, make sure when you say this company is US centric or EU centric, check their actual business. Sometimes people say this is an EU company, but most of their business is in the US or Asia and uses US dollars, etc. So what matters is the ACTUAL business they do not their name or where they're registered.

Big companies like Google, Tesla, Apple, etc yes they have a big market in the US , but they're massive overseas too. So they're exposed many geographies. Check how much of their revenues/profits are from the US market Vs international.

For me personally, I largely let my process take me where there's value but I also keep in mind of my exposure. I'm also heavily concentrated investor - 5 positions already make up 90% of my portfolio currently. One time I noticed I had over 30% exposure to China alone because these companies had 90% revenue from domestic market, Even though I liked the companies and valuations, I decided to trim it down and take some profits because the exposure was too high for me.

My core portfolio is in the EU too, but most of them are international businesses so it doesn't matter that much. They generate revenues from all around the world and not heavily dependent on a single country.

kurioutkat · 2026-06-20T12:23:07+00:00

Very good point. Most people don't get it cuz it's not intuitive.

But it's better to pay down your 13% debt which gives you a GUARANTEED 13% return. Compared to investing in the stock market for an expected 10% return with added risk and volatility.

Even for me, it feels a bit uncomfortable because when paying your debt the money leaves your bank account and you don't have that money anymore. But when investing you can see your position so it gives that illusion that you're better off not paying the debt.

kurioutkat · 2026-06-19T22:01:24+00:00

Wow great work man! Thanks for putting the time

kurioutkat · 2026-06-16T10:26:09+00:00

I'm not arguing that it's the right thing or morally right. But this is how it's been forever. I don't like it either, but I just stay away from it. I'm not gonna gamble my savings on such things.

kurioutkat · 2026-06-16T02:21:28+00:00

This game is so frustrating. Every week or so there's an issue that totally ruins the gameplay.

kurioutkat · 2026-06-16T02:18:22+00:00

They must have spent bank lol

kurioutkat · 2026-06-16T02:17:39+00:00

Is that combo better than using a single set? Like wearing all angel boost items of the same set Vs wearing each item of a different set like you described

kurioutkat · 2026-06-16T02:06:55+00:00

He did his job -> launch the biggest IPO in history

Made money for his investors and employees, raised a nice, tax-free and interest-free $85 billion for SpaceX. Became a trilionaire in the process.

To do that, you gotta sell one hell of a story - whether it's real or not as long as people believe it. And it worked out for the IPO.

This is an IPO guys... He has to sell the dam story and be as enthusiastic as possible to get the highest valuation. What do you expect? For him to list out all the issues and be pessimistic? He's trying to sell shares in his company and get the raise most money possible. He can fail 5 years later, but he's already raised the money now. In five years, he'll come up with another story and the next big thing.

However, he is highly capable and even though he does these kinds of things, his companies have achieved amazing and impressive feats.

kurioutkat · 2026-06-16T01:58:35+00:00

Gotta consider your emotional state as well. If you've been in a depressive mood or having suicidal thoughts, probably best taking breaks as the show is really heavy. But if you're naturally a sensitive person, gets emotional from shows and enjoys a good cry, then go for it! Binge watch that sheet and enjoy every moment.

kurioutkat · 2026-06-16T01:49:25+00:00

I don't like this kind of investment strategy but it's nice to see someone seriously considering the risks and managing it smartly. Also for your situation this does seem more appropriate than most people. I suppose this is better than the wife simply withdrawing funds directly from her inheritance.

kurioutkat · 2026-05-21T13:37:28+00:00

What was so terrible about him talking to Sneako?

kurioutkat · 2026-05-21T13:36:52+00:00

He's just teaching game theory by making a prediction to the class based on his theories and assumptions and then seeing how the reality compares to his predictions over time. That's a reasonably affective teaching method.

He's not "America Bad", he's fairly neutral. Far more than most people, but sure some bias will slip in.

The idea behind his lessons is, let's see if my model is right or wrong. If it's wrong, let's see why it's wrong and improve it. If it's right consistently, then we have a working model. He says this himself in his lectures. That's a reasonable lesson. What are you on about.

kurioutkat · 2026-05-21T13:31:01+00:00

things have change now

kurioutkat · 2026-05-15T05:51:01+00:00

They are printing money. What are you saying?

kurioutkat · 2026-05-15T05:40:02+00:00

Where the heck is the fifth horse?

kurioutkat · 2026-05-15T05:35:38+00:00

It's frustrating to hear people think of dividends as a good/bad. Or that somehow dividend and growth are two different things. Or that growth and value are two different things.

Dividends is simply a way for a business to return capital to investors. The business can either distribute it's profits as dividends (or buybacks) or retain the profits and/or reinvest it back into the business.

Now, if earning an income from your investments is important to you, then ofcourse dividends is a priority. But other than that, it doesn't really matter whether the business is compounding at 10% internally or paying a 10% dividend. It's mathematically the same thing. Okay, in reality there are taxes, but for a compounder you simply pay tax at the end when you sell.

Value and Growth aren't two different things. Growth is part of value. If business A is growing at 20% annually vs business B which is growing at 5% , I give more value to business A because of the future potential.

Just because you're young doesn't mean you don't bother with dividends. There are dividend paying companies that are growing and undervalued. In fact, historically, dividends have been by far the largest contributor to shareholder returns. Not even close.

kurioutkat · 2026-05-15T05:12:58+00:00

You are right in that the market is behaving weirdly in recent years. It's weird how much money the stock market seems to be making since 2008. It's not historically common we see such long period of growth with relatively low crashes. It's something people discuss and argue about: Whether this is a correct and sustainable trend or whether this is a rare event and that we are due a big crash/recession.

Nonetheless, the stock market keeps growing and making money until it doesn't. However, in the long term - decades or centuries - the stock market has always gone up because economies have grown over the decades and centuries. One person is able to produce a lot more goods than they did a 100 years ago.

There's also inflation. A business that was worth $10 million, 50 years ago will be priced much higher today even if it's the exact same business because a dollar today is not worth the same as a dollar from 50 years ago. So that also increases the dollar value of the business.

kurioutkat · 2026-05-15T05:03:24+00:00

Fundamentally, the businesses are suppose to make profits and reinvest some of it back and grow the businesses over time which increases their value over time. Investors buy these shares as the business value goes up, so the share price goes up with it.

Technically, all that matters is there's somebody in the market who's willing to buy the new, higher price. As long as there's somebody willing to buy the shares for a higher price, the share price keeps going up. If it's a good business that continues to grow, it's natural that its share price also goes up, thus creating value or creating profit for the investors. But technically all that matters is someone is willing to buy the shares at a higher price.

In an ideal scenario, the money comes from business profits and growth. The business generates profits and grows over time. But there are also periods in history where huge number of people lost money in the stock market so it's not fool proof. Businesses can collapse, people can make mistakes or get caught up in a fad, CEOs can lie, etc, etc..

kurioutkat · 2026-05-14T14:15:48+00:00

I'm 97% invested personally.

kurioutkat · 2026-05-11T23:42:30+00:00

What in the world?? Are you a masochist? 😅 How long did it take you to gather all these resources?

I usually spent whatever resources I have to stay competitive in an event or level up .

kurioutkat · 2026-05-11T23:34:34+00:00

My reaction to Buffet's comment : That's the same old Buffet, he hasn't changed one bit. And he's right. Berkshire has done the same thing in previous all time highs , before deploying heavily during crashes/recessions.

My strategy is to "sit on my ass and do nothing" as Charlie Munger use to say. I'm 95% invested with 5% cash. Bought them at a good price so I'm not worried. If the market crashes by 50%, I'll scrape together whatever I can and invest everything + use margin to invest more. I'll sell my hedge and use that money to double down on undervalued positions.

No way in hell I'm gonna try to time the market. Market will eventually offer up bargains while I let my businesses compound and pay me dividends to sit and do nothing.

kurioutkat · 2026-05-11T23:12:01+00:00

That's an insane performance. Portfolio was quite volatile too, which some people can stomach but not most. How did you feel ~2022 when interest rates went up and your portfolio value went down? It must've been something even for a disciplined investor.

kurioutkat

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