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Recent content by farmer79

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    What book are you reading? Right now. Post up!

    NOTABLE! HOT! BOOKS CHAT 
    Gambling Man the book on SoftBank and Masayoshi Son. I’ve been involved with Startup/Angel Investing for the last 5-6 years and SoftBank can be the 800lb gorilla in the room totally distorting values of everything. I didn’t have a ton of respect for Softbank or Son thinking they were just...
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    How Much Is Luck vs Hard Work

    QUESTION 
    Mark Cuban said something to the effect you can become a millionaire through hard work, good decisions etc. But a billionaire takes luck. View: https://youtube.com/shorts/vZ_gnxX4KkM?si=TyypkfvBlmhEzHWu&utm_source=ZTQxO
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    One of the things that really jumped out at me in Felix’s book was the value of youth/time. I know it’s an obvious point especially to this audience, but it really jumped out at me when he said something to the effect of he’d give it all away to be 21 again.
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    Trump’s “Golden Visa” Plan – A Game Changer or a Gamble?

    OFF-TOPIC 
    I don’t think they’ll get many bites. If you have 5 million of free cash you have many options in life. Paying 5 mil to have to file an IRS return for the rest of all your life regardless of where you live doesn’t seem like a great deal. And don’t forget our friend FBAR, having to disclose...
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    Something to binge-listen?

    MINDSET 
    The “How to Get Rich” Naval Ravikant podcast. It’s about 4 hours and on Youtube.
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    What do you think of my book collection to read this year

    BOOKS 
    I commend your motivation, and if you are choosing between playing video games or reading obviously reading would be better. But I’ll leave you with this, I have a chess book collection of nearly 700 books and have loved the game since childhood. I am a strongish player ( missed getting my...
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    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I didn’t know where to post this so thought here would be good. I think posting twitter links is ok if not please delete. Steve Jobs warning about action faking. View: https://twitter.com/triplenetinvest/status/1742186966555521164?s=12
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    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    This is the problem (I am Canadian ) we have people with no economic understanding whatsoever running the show. Imagine someone who doesn’t understand a balance sheet running Apple or Tesla.
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    Ongoing value from this forum and the Summits.

    MINDSET PEOPLE 
    A little more hillbilly but my mother used to subscribe to a magazine about farm life called Country. On the back cover of every issue there would have a beautiful rural photo and a rural proverb sent in by a reader. When I read yours I was reminded of one “If money can fix it, It ain’t broke.”
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    Ongoing value from this forum and the Summits.

    MINDSET PEOPLE 
    So true. Very easy in businesses that have some slow lane constraints like farming to get completely consumed by the $20-$40 an hour jobs and not look after the opportunities like this. It’s interesting after I read your post and thought about your per hour pay back point I had a quick...
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    Ongoing value from this forum and the Summits.

    MINDSET PEOPLE 
    Just thought I would share some ongoing value from I believe the 2016 Summit. My main business is farming and we use a lot of credit for input supplies. Anyways I am using a chemical retailer we used to use but hadn’t for a few years so they are happy to have us back. Anyways I was paying my...
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    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Inflation report from Saskatchewan, Canada. I keep hearing inflation has peaked and is slowing down and I just don’t see it at the grocery store. We don’t buy cereal often but my younger kids love the little single portion cereal boxes. Anyways haven’t bought them for probably a year and I...
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    Graham Stephen tries window cleaning

    MINDSET 
    I can’t tell you how many times I’ve heard someone say they can’t get a 25k or 50k loan to start a business or they can’t find a decent job. The answers are there just no one wants to clean windows.
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    Fighting CV19: Please send thoughts and well wishes to Greg B (Runum)

    HOT! 
    Great job! You are truly inspirational.
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    Confused at a life-changing decision

    I’m not a huge fan of post secondary education. I think it costs too much, takes too long, and gives too little. I think most people are better off to forgo and start a fastlane business. But if you are 100% committed to going to school then I think studying in a foreign country is a great idea...
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