How one longs for the days of nonpartisan Justices making wise decisions. Very hard to see Bush v. Gore as having been such a decision. And once Bush was installed and moved the Court further right, we got this: Five minutes from Jon Stewart guaranteed to make you laugh and cry.
Would it be in some way death-panelish to suggest that we shouldn’t be paying $28,000 for vials of a drug that, according to Forbes, cost $50 when first approved in the 1950s?
Tom Martel: “Is there something going on with BOREF that is driving down the price? Or is the lack of (good) news allowing it to slip?”
☞ Patience is hard to sustain. I am only good at it because I’m wildly diversified (so there’s always something going on) and because of my Friendly’s Ice Cream experience, where I held on for a couple of years — an eternity to a 25-year-old — only to sell days before it was acquired at a higher price. Scarred for life.
And because I’ve seen it rewarded.
I bought 1,000 shares of TPL (Texas Pacific Land Trust) in 1995 at $4.35 — a stock that could hardly be more different from BOREF, except that it was pretty obscure and seemed to represent a lot of potential value. The only piece of the story relevant here is that I sold some of it yesterday at $125.
I have others like this — and of course lots that are worthless. But if you’ve bought BOREF with money you can truly afford to lose, whether you paid $3 or $21, I would just wait. E-Taxi of some kind strikes me as inevitable; WheelTug seems to have the best solution; why is that not potentially worth a lot of money?
Quote of the Day
Guys, just remember: if you get real lucky, if you make a lot of money, if you go out and buy a lot of stuff, it's gonna break. You got your biggest, fanciest mansion in the world. It has air conditioning. It has a pool. Just think of all the pumps that are going to go out. Or go to a yacht basin any place in the world. Nobody is smiling and I'll tell you why: something broke that morning. The generator's out, the microwave oven doesn't work, the cook's gay. Things just don't mean happiness.~Ross Perot to Harvard B-School students, quoted in Forbes
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