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  1. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Gold is a poor long-term store of value. It is good disaster insurance. BTC is like digital gold in terms of insuring against local currency inflation, but it's also a tremendous growth asset. There is risk of it going to 0, which isn't an issue with gold.
  2. The Sandman

    Building a Manufacturing Conglomerate Progress Thread

    EXECUTION 
    I'd say it really depends on comparing the potential investment against the current debt arrangement. If you have a good growth opportunity that will reliably yield 10x returns then by all means go for it. If it's a bureaucratic "find some place, any place to use this money" situation then...
  3. The Sandman

    The Artificial Intelligence (AI) Random Chat Thread...

    CHAT - AI - 
    IT Unemployment Rises to 5.7% as AI Hits Tech Jobs Artificial intelligence continues to impact the technology labor market “Jobs are being eliminated within the IT function which are routine and mundane, such as reporting, clerical administration,” Janulaitis said. “As they start looking at AI...
  4. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Looks like we might finally be getting the breakdown in bitcoin.
  5. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
  6. 1739826654797.webp

    1739826654797.webp

    • The Sandman
    • Media item
    • Comments: 0
    • Category: User Media Uploads
  7. The Sandman

    How does the Economy Work? Economics Unleashed: Powering Your Business and the World

    CHAT 
    Agreed. Normal folks were held hostage, and we all paid the ransom. Unfortunately, paying ransoms without a thorough reckoning encourages more hostage taking. It's a real dilemma.
  8. The Sandman

    How does the Economy Work? Economics Unleashed: Powering Your Business and the World

    CHAT 
    I'll agree that the 2008 response was effective in terms on softening the economic blow and encouraging a quick bounce-back. But this occurred at the cost of SIGNIFICANT moral hazard, corruption, and cronyism payouts. We did not have effective reforms. The vast majority of those who got rich...
  9. The Sandman

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    2 hours of theory? That's a lot more than basic safety. What did it cover?
  10. The Sandman

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Shoes off in my house, but I'm more puzzled by people wearing their slippers out. Not just in the yard to check the mail, but shopping and what not.
  11. The Sandman

    Should I buy this Business?

    INVESTING QUESTION 
    Don't price in any growth potential. That's all potential upside, and while it may be the main reason to give it a shot, current value is based on how the business has actually been doing. And businesses absolutely can be worth less than 0. It can be a bad deal even if they're giving it away...
  12. The Sandman

    The Artificial Intelligence (AI) Random Chat Thread...

    CHAT - AI - 
    It is a transformative revolution, and much bigger than transportation. Revolutions are always disruptive. The Agricultural, Industrial, Technological, and Information revolutions were all very disruptive and made many jobs obsolete. But they absolutely provided major increases on overall...
  13. The Sandman

    The Artificial Intelligence (AI) Random Chat Thread...

    CHAT - AI - 
    View: https://x.com/JeremyDBoreing/status/1887609484727529627
  14. The Sandman

    Should I buy this Business?

    INVESTING QUESTION 
    Sellers always try to add them together, but it's really an either/or. Pour over the financials and make sure they make sense. 1x seems about right, depending on how much work you'll need to put in. Make sure it'll be worth your time and you aren't buying a low-paying job.
  15. The Sandman

    Should I buy this Business?

    INVESTING QUESTION 
    Price? Every investment depends on price.
  16. The Sandman

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Just like most truly beautiful women don't try to look hot. It brings too much unwanted attention when you're already getting more than you want.
  17. The Sandman

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Kids today view $1 like I view a nickle. Guess I'm an old fart at not even 50.
  18. The Sandman

    Chemical supplies service business opportunity

    IDEA 
    Sounds like a fantastic opportunity. Do it.
  19. The Sandman

    The Artificial Intelligence (AI) Random Chat Thread...

    CHAT - AI - 
    Seems like the solution is to not radicalize and program the average idiot citizen. "Regulating the tools, not the people" policies has lead to the UK putting in extreme knife controls to the point where it's hard to buy a basic kitchen knife. And they still had 50,000 stabbings last year. AI...
  20. The Sandman

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Most of this simply comes down to the science. Bioelectric impedance analysis correlates with body fat percentage but has poor predictive value. It simply isn't a precise method of measurement. The best ones take reading through both the feet and the hands. Using just feet or just hands...

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