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Chris DeMuth Jr.'s  Instablog

Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
My blog:
Rangeley Capital on Harvest
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Rangeley Capital Best Investment Ideas
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  • Robin Heiderscheit
    , contributor
    Comments (1779) | Send Message
     
    Buffet's comments on housing showed a surprising level of cluelessness . . . I mean, when the government makes it a law that you must spent 9.2% of pre-tax income on health insurance (before you get any medical care) and you have student loan debt needless to say young people aren't going to have the slightest interest in or ability to buy a house
    5 May, 01:00 PM Reply Like
  • Mike Arnold
    , contributor
    Comments (1654) | Send Message
     
    Housing is a conundrum, definitely. Existing home sales down for lack of inventory. Seems like land/developers are doing quite well (e.g., BRP), but brokers are getting hammered (e.g., RLGY and RMAX). Brookfield Real Estate Services turned in a nice Q though.
    6 May, 02:06 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (569) | Send Message
     
    I'd love to read all three. What does that say?
    6 May, 09:31 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4035) | Send Message
     
    Author’s reply » Munger would say that you're potentially wise:

     

    “In my whole life, I have known no wise people who didn't read all the time -- none, zero. You'd be amazed at how much Warren (Buffett) reads -- at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out".”
    7 May, 06:13 AM Reply Like
  • Maulik Patel
    , contributor
    Comments (34) | Send Message
     
    Dropping quotes from "Poor Charlie's Almanack". Is this from memory?
    7 May, 05:31 PM Reply Like
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