> My Net Worth Is Approaching $1M! Thanks Trump!

wrote:

I will say this about Spanky: When it comes to his personal shortcomings and failures, he is honest.

It's just best to be honest.

Tom Leykis wrote:

Show both for all to see, otherwise you made both bannings up.   Right from the usual spot. 

I don't post information that is against our rules, which is something you have done on numerous occasions. Despite it happening numerous times, you have been given moderation GIMMEDATS and only been banned twice.

wrote:

Spanky is a walking cargo-cult of education.

That is a good way to look at it. He reveres college-educated professionals to the extent that he nearly deifies them.

Spanky wrote:

Nope.

So let me get this straight. You take out a loan at a lower interest rate than the same investment pays at a bank? Be serious.

Ho Chi Minh wrote:

So let me get this straight. You take out a loan at a lower interest rate than the same investment pays at a bank? Be serious.

I make purchases at 0% interest for 12-18 months. The cash that would been have used to pay for those purchases remains in the bank / market earning a return > 0%.

Spanky wrote:

I make purchases at 0% interest for 12-18 months. The cash that would been have used to pay for those purchases remains in the bank / market earning a return > 0%.

Then you would be paying a higher price because of the producers risk. The only way they would sell it to you interest free for that period of time is because their interest is baked into the price. That small delta you would receive over 12 - 18 months is more than offset. There is no such thing as a free lunch.

wrote:

You have to be fuqing kidding me. He's the most self-deluded person I've ever run into.

The only other time I recall interacting with him, I pointed out that, to maintain his weight, he had to eat something like 3500 calories a day. He claimed he only ate 1000 calories a day, which would be enough for a 7-year-old girl.

But his real shortcoming is that he's a rather dull person who thinks he's smart. Not just smart, but he thinks he's the smartest man alive.

I don't know that many smart men who have 85% of their net worth tied up in an asset that has managed to LOSE 2% of its real value each year while he COMPLETELY missed out on the greatest bull market in history. And this nonsense about borrowing money to put into the market? I would pay good money to see that. If he is this confused about his real estate losses, I bet his fuqing portfolio is a catastrophe.

It's sad. People don't know how to manage their finances then, one day, they realize they're going to be eating Kal-Kan in retirement. Bad enough to fuq your own life up, but if you have a family? They are hostages to your ill fortune. Each of my kids is at least 3.5x wealthier than this character is.

I didn't say he was generally honest, I said he's honest about his failures. 

How do we know all the embarrassing things about his life?  Because he told them to us.  His failed attempts at addressing his food addiction, where he lives and how, his court proceedings, even his homosexual experimentation - all confessed to by him.    Conversely, I know nothing about you (nor you about me).

In that regard, he has been honest.

And he is intelligent, just painfully - and often pathetically - uneducated.

wrote:

You have to be fuqing kidding me. He's the most self-deluded person I've ever run into.

The only other time I recall interacting with him, I pointed out that, to maintain his weight, he had to eat something like 3500 calories a day. He claimed he only ate 1000 calories a day, which would be enough for a 7-year-old girl.

But his real shortcoming is that he's a rather dull person who thinks he's smart. Not just smart, but he thinks he's the smartest man alive.

I don't know that many smart men who have 85% of their net worth tied up in an asset that has managed to LOSE 2% of its real value each year while he COMPLETELY missed out on the greatest bull market in history. And this nonsense about borrowing money to put into the market? I would pay good money to see that. If he is this confused about his real estate losses, I bet his fuqing portfolio is a catastrophe.

It's sad. People don't know how to manage their finances then, one day, they realize they're going to be eating Kal-Kan in retirement. Bad enough to fuq your own life up, but if you have a family? They are hostages to your ill fortune. Each of my kids is at least 3.5x wealthier than this character is.

All lies. I win.

Ho Chi Minh wrote:

You don't understand Finances. Look up the term "Time Value of Money" and get back to me.

There is no such thing as a free lunch.

Yes. It is cheaper to pay off today’s dollars with tomorrow’s money. That’s time value of money.

I borrow money for 0% interest and have to pay it back 18 months later. Sometimes I pay it back with more 0% money. All the time the money I otherwise would have spent - instead of borrowing - earns a return at a bank or in the market.

How can you be so stupid to not see how that is profitable?

Are you senile now?