Stupid shit in Medellin

[QUOTE=JustTK;2765337]You mean like spaghetti bolognese becomes fettuccine bolognese? Or fusulli bolognese? A good chef will tell you thiough that they choice of pasta is important to the dish.[/QUOTE]Yeah. Round pasta is horrible, square pasta is bad, triangle pasta is ok, but spiral pasta is out of this world delicious. I ought to be a chef. So if I use different shaped bread buns for my hamburger it will also change the taste and my dining experience? That makes me think that the "Sliders" at White Castle are a delicacy.

Chefs will also tell you that glacial water is far superior in taste than iceberg water because it has been aged properly with the highest quality ingredients since it is closest to the source (clouds).

[QUOTE=RamDavidson84;2765040]That being said, the food for me in Colombia is fine. I am a big fan of the Corral Restaurants, I usually get the Mexican burger and a fruit milkshake which is pretty good. I can say I was not at all impressed with the nicer restaurants in Cartagena, but at the end of the day its fine and it will not ruin your vacation or anything. The mall with the Bodytec gym in Cartagena has some good options, they just need to blast that AC a bit more, it always felt around 71-72 F and humid in the mall. At the lower end of Bocagrande, there was a cool themed Persian Restaurant where they had performers dress up like Persian dancers, and they had outstanding pina coladas, but food was meh. Still a cool time though. Sorry can't remember the name of the place.[/QUOTE]Name of that restaurant is Persepolis.

And Corral is good too. I do actually like it better for a burger than the American chains. I will try the Mexican burger in the future. In Cartagena, they have a burger called the Costena which is really good as it has the taste of the region in it.

[QUOTE=Villainy;2764762]I guess I could have anticipated your post. Everyone who doesn't agree with you is "fucking stupid or demented". I tried to explain to you that REITs have a wide variety of specializations. Some do well in some economic environments some do well in others. Only an uninformed blowhard would think that they all preform the same. Oh well, I guess it is impossible to enlighten someone who can't read. Really? Is that what you think? So you are assuming interest rates are going to continue to go higher? How much higher and for how long? One thing that you seem to forget about loan participation funds is that they lend on a variable rate basis. So when rates are climbing they earn more income and thus pay higher dividends. Right? But there is more to the story. What about the borrowers? The companies that are healthy start taking their free cash flow and pay down the variable rate debt first. So you start getting more and more redemptions. What about the businesses that don't do so well and can't afford to pay off their variable rate debt? Well if rates keep climbing they go under and then you are left with some bankruptcies or loans in various stages of default.[/QUOTE]Oh just stop. This is not a difference of an opinion. It is your sorry ass excuse for not buying loan participation funds when rates are going up. LPFs actually have lower downside dividend risk than REITs and REITs have more upside, and either you can figure that out or you are in denial. You were wrong not to have done bought LPFs because your income would have quadrupled, and you are not fooling me with your "I do not know what you own" bullshit. REIT index hit a 52 week low a few months ago, and you got killed.

And your doomsday scenario of businesses not paying their loans but continuing to pay their rents is another example of you being a fucking idiot.

Your problem is you read and imitate Buffett but you do not understand how there are differences between you and him. Here is a quote from him.

"There's nobody whose predictions on interest rates I would pay attention to, even myself, even Charlie. ".

And this is the philosophy you follow. Because no one knows what interest rates are going to do, you buy and hold. You think Buffett bought and held great companies like Coca Cola and Gillette and Wells Fargo and so will I but here is another Buffett quote.

The value of every business, the value of a farm, the value of an apartment, the value of any economic asset is 100% sensitive to interest rates. The higher interest rates are, the less that present value is going to be. Every business, whether it's Coca-Cola or Gillette or Wells Fargo its intrinsic valuation is 100% sensitive to interest rates.

What is different about this market is the Fed has been screaming and telegraphing their moves. Of course, Buffett is going to hold his stakes. He is going to get murdered if he tries to unwind his stakes now.

As for it not being all gravy, of course it is. If you know which way interest rates are going, you know where stocks are headed. Here is another Buffett quote:

If I could only pick one statistic to ask you about the future before I gave the answer, I would not ask you about GDP growth. I would not ask you about who was going to be president, or a million other things. I would ask you what the interest rate is going to be over the next 20 years on average.

And so this is another reason you are a fucking idiot. You think you are smart by doing what Buffett is doing instead of what Buffett would be doing if he were in your shoes. Of course, he would sell high and buy low if he could given this once in a decade opportunity.

And not only do you bring your dumb buy and hold philosophy to the long side, you think it applies to the short. Puts have a time limit on them and that is why you see a rapid push down and pull back pattern as the shorts buy and then sell. The greatest rallies occur in bear markets because the shorts cash in their puts. So an intelligent investor has to play the buy low, sell high game when going short.

Of course, you picked in the summer right in the middle of when the Fed was raising rates and at the peak of a bear market rally to put me down about how wrong I was and how smart you are. I bought low then and sold in October and did quite well thank you very much while you got killed. The Fed is not done raising rates so this is another bear market rally, and I am buying again.

And you have the 2-10 yield curve inversion.

[URL]https://mishtalk.com/economics/the-2-10-yield-curve-inversion-recession-signal-is-the-strongest-in-over-40-years[/URL]

"Never before have we seen such strong inversions except right before or in recessions. ".

But none of this matters to you V, you think you are so smart because you are a buy and hold guy. Well, you were a buy and hold guy and then after I pointed out how dumb you were, you came up with this stupid measure of reconfiguring your portfolio. Why? So you take less of a loss versus going short and getting a gain? Buffett said all asset classes go down when interest rates are higher. Apparently, you think he is wrong.

And this is not a debate. It is why my portfolio is up and yours is down, and the reason is you are a fucking idiot. You held when the Fed was raising rates and you are holding right when the greatest indicator for a recession is flashing red.

Get together with your fellow long idiots and your finance professor and tell yourselves how smart you all are and how dumb I am. Console yourself with anything in the past. Remember how wrong Elvis was with his Covid predictions? Oh wait, you already did that. Well, do it again. That will make you feel better and relieve your anxiety a little.

Of course, it will not make you money. The one thing that would is if you pulled your collective heads out of your asses and realized you are not fighting me but fighting Buffett, fighting the Fed, and fighting the entire bond market and change your positions. But the best bet I wish I could make is against any of you doing that. You dummies think denial is a river in Egypt. This is not my first rodeo V. I see the same examples of human nature again and again.

Well, that is enough of an ass kicking for today. I bet you do not get half of what I said.

[QUOTE=LoveItHere69;2765591]Yeah. Round pasta is horrible, square pasta is bad, triangle pasta is ok, but spiral pasta is out of this world delicious. I ought to be a chef. So if I use different shaped bread buns for my hamburger it will also change the taste and my dining experience? [/QUOTE]Thats correct. A burger tastes better with a proper bun w sesame seeds than in between 2 slices of cardboard white bread.

As for spagehetti, I have a soft spot for aphabetti spaghetti, and spaghetti hoops... It doesn't just taste great but is nutritious too; enriched with iron to support normal cognitive development, naturally low in fat...

[QUOTE=Elvis2008;2765638]Oh just stop. ......and you are not fooling me with your "I do not know what you own" bullshit. [B]REIT index hit a 52 week low a few months ago, and you got killed.[/B][/QUOTE]How many times can I say it. You can't read and your analytical skills are similar to those of a 5th grader.

You know why I didn't get killed, in fact am up nicely for the year?? It would take too much analytical skill from someone like you. So I'll just tell you.

[B]A.[/B] I don't own the REIT index, I own specific REITs that I think were oversold and have great businesses.

[B]B.[/B] I didn't own the 9 REITs I currently hold at the beginning of the year. I had only 1 to begin the year. The other 8 I bought mostly in the 2nd and 3rd quarter after I had seen them drop far more than was warranted.

[B]C.[/B] Every one of the REITs I own have raised their dividend since I bought them and none have lowered their dividend.

So why not Loan Participation Funds? I don't think rates are going to continue to increase very far into the future. The brunt of the rate increases are behind us. Sure there are going to be a few more Fed funds rate increases but I see them stopping early to mid-year 2023 at the latest. The market is anticipatory and that is why you've seen a serious rally the last few weeks.

[QUOTE=Elvis2008;2765638]And your doomsday scenario of businesses not paying their loans but continuing to pay their rents is another example of you being a fucking idiot.[/QUOTE]No, Elvis. I'm sorry you still need to get your GED and then take a few college courses. Bonds have suffered for years when rates have increased. I don't just mean that their value has dropped (that is a given since rates and price have an inverse relationship). I'm talking about redemptions first and defaults second.

One of the considerations I evaluated prior to investing in one of the REITs I own was the quality of their tenants. So you see, the tenants in my REITs are high quality / high rated businesses. They don't take out variable rate loans and on the few occasions when they do. They pay them back immediately as rates start to drift upwards. So we just aren't talking about the same types of borrowers.

[QUOTE=Elvis2008;2765638]Your problem is you read and imitate Buffett but you do not understand how there are differences between you and him. Here is a quote from him.

"There's nobody whose predictions on interest rates I would pay attention to, even myself, even Charlie. ".[/QUOTE]I have to guess that he wouldn't think very much of your predictions on interest rates either. Especially if he knew what a analytical joke you were when it came to predicting the number of CoVid cases.

[QUOTE=Elvis2008;2765638]And this is the philosophy you follow. Because no one knows what interest rates are going to do, you buy and hold. You think Buffett bought and held great companies like Coca Cola and Gillette and Wells Fargo and so will I.[/QUOTE]If I were a lot younger I might indeed go that route. But I'm retired, I was delighted, no exhilarated to cash in some of my long held winners and start converting them into long-term quality dividend payers. Unlike you, I can read and I am certain that the individual REITs and dividend payers I selected will be increasing in value and raising their dividends irrespective of what happens to the economy in 2023 or beyond.

[QUOTE=Elvis2008;2765638]What is different about this market is the Fed has been screaming and telegraphing their moves.[/QUOTE]You just discovered it so it must be new?? The Fed has been announcing their rate decisions and publishing their reasoning for at least a decade.

[QUOTE=Elvis2008;2765638]
Of course, you picked in the summer right in the middle of when the Fed was raising rates and at the peak of a bear market rally to put me down about how wrong I was and how smart you are. I bought low then and sold in October and did quite well thank you very much while you got killed. The Fed is not done raising rates so this is another bear market rally, and I am buying again.[/QUOTE]No, Elvis. I criticized you because you didn't make any of the trades you claim. It was all Monday morning quarterback blather. Just like the 2500% winner you claimed that you picked a while back.

Where is the evidence? It would be easy to prove you actually did what you said?? No. It is just all made up. Everyone knows you are, well, undereducated. You try your hardest to post rehashed articles that you read or saw to try to impress people. You did the same thing consistently during the CoVid pandemic. Now you are doing the same thing with investing. You're just a windbag.

Oh and by the way, if you think I am [B]SO[/B] wrong in my investment selections, I would be glad, no delighted to list them for you so that you could short every single one of them.

Corrections on your post.

[QUOTE=SankarShetty;2765873] I saw a drunk tourist on his first visit pull out his phone and show pics of FB chicas to multiple people while asking them about getting to Poblado. This kind of behaviour is appalling![/QUOTE]First, of all you are wrong because I have read many posts from idiots stating there is no wrong way to monger. Second, Nounce is on some stupid crusade as of late and for God knows why to make sure we do not judge anyone so he will be posting shortly to question you about the definition of what "appalling" is.

[QUOTE=SankarShetty;2765873]
Many SA chicas I have seen early in the year have now moved on to other (richer) daddies. *One explicitly told me that I cannot afford her since she is high maintenance despite me paying her generously by SA standards. She got 2 iphone 14 pros from one of her regular guys![/QUOTE]This is also way wrong. So many idiot posters have repeatedly stated that 2 week millionaire and sugar daddy types do not have any effect on prices. You must have misunderstood what she was telling you.

[QUOTE=DramaFree11;2762654]Yes, In Mexico if you behave yourself, you will have no issues. In Colombia trouble can find you quickly, sorry it is true. Read the reports.

Obviously, not all the girls have good attitudes, but in general far better then the fat ass Colombian girls in MDE and the ones that travel to CDMX are even worse, They love to tell me how hot they are, and most I would not do for free. If I read anything about Colombia in Mexico instant block. Life is much better without there terrible attitudes.[/QUOTE]Really what about a major poster on CDMX John, the girl that poison him with chocolate was Colombian? Thanks I did not know that, hmmmmmmm, or does it happen in CDMX? Hmmmm.

A certain discussion on the Medellin forum has prompted me to post this. I did not want to waste anymore space on the Medellin forum so I will post it to the wasteland known as "Stupid Shit in Medellin" LOL.

This is for anyone in the game, young or old, Pro or Rookie, sloppy or fit, sharp or dull. This is for you. A monger should view himself like a prize fighter. You should look at your travels as a career. The goal of a fighter's career is not just to be the champ. It is to maximize your earnings while minimizing potential risk and damage as much as possible. Longevity is key. As a monger, your career will last longer and you will maximize the number of beautiful women you enjoy your time with before your little dick goes limp. This means choosing wisely the girls you decide to partner with. Do you want the full time 40 year old pro who just serviced a dozen cocks before you, or do you want the weekend warrior who is just trying to make a quick buck to pay off some bills? Always strive for the latter, she has less mileage and is the healthier option. You will not always achieve that goal, so enjoy it when you do.

Just like a fighter can only take so many punches, a monger can only handle so many viral or bacterial infections before his immune system is permanently damaged or worse. If your immune system or other vital organs are damaged from years of abuse, don't expect to enjoy your time as much. Expect to be sick more often and more severely. This means, wrap your fucking dick up. If your dick goes in a pussy, don't be a dirt bag and put a fucking condom on it. And if this is just out of the question for you, at least get tested regularly. This also means, you must learn how to pace yourself even if you can afford all the goodies in the candy store. Learn how to be content with one girl a night, weekend, or even vacation. In the long run, you will be happier and not become desensitized to the ludicris amount of pussy out there. Same goes for drug and drink. Pace yourself for 15 rounds, fight 12, and keep 3 in the bank for emergencies. Trust me on that one, you never know.

A fighter wants the weakest fighter who will make him the most money. It must be the right opponent, at the right time, at the right price, at the right location. That is the sweet spot, we call this "easy money". For a monger, find the girl who you enjoy the most at a price you are comfortable with who poses the least risk. Everyone will differ a bit here, but you need to find that sweet spot for yourself. Don't pursue that hard money. Personally I am not going after the $500 an hour instagram model who is probably going to give me shitty service. The risk to reward is not cost effective for me. I would much rather pursue a cheaper option whose potential to fulfill my level is satisfaction is much higher. Also decide wisely on the location of your dance. Do you really want to bring them all back to your hotel for reception to see all night? Is the back room at the strip club more convenient? Is the cheap love motel across town at 3 am Really worth it? These are decisions you should contemplate before hand and have planned out. Again, use logical risk-reward thinking when making these decisions, you can save yourself a lot of time, trouble, and money by choosing the best location for a particular situation.

A fighter must study his opponent. Preparation is key. This is a very underrated aspect of the game. You should be researching before your trip. Study the language of the country you will be visiting. Study the price of service, lodging, transportation, etc. Most importantly, study the possible dangers of the area you will be mongering in. Is this place known for mugging, pick pockets, drugging, police shake downs, etc. Make yourself aware of all possible worst case scenarios and then develop a game plan to deal with them. I also advocate to study the maps of the cities you will be visiting, I can't express how many times that has helped me out of a sticky situation.

Just like a fighter must build a report with his fans, a monger should leave a positive impression on both the women he interacts with as well as anyone in the local community. A monger should conduct himself with social grace and class in public at all times. Do not be that obnoxious privileged foreigner who compensates for all his failures by throwing money around in a poor nation and trying to "big man" his way through his trip. Nothing looks more pathetic to the locals and will leave them with a lasting negative impression of foreign tourists. At the very least, just keep your head down and go unnoticed.

Follow these rules and you will maximize your potential, longevity, and level of satisfaction. No matter your wins and losses in this game, always know the memories are yours and nothing in this world can take those away.

Take all this with a grain of salt and I hope this post helps a few of you out there.

[QUOTE=LoveItHere69;2765988]Corrections on your post.

First, of all you are wrong because I have read many posts from idiots stating there is no wrong way to monger. Second, Nounce is on some stupid crusade as of late and for God knows why to make sure we do not judge anyone so he will be posting shortly to question you about the definition of what "appalling" is.

This is also way wrong. So many idiot posters have repeatedly stated that 2 week millionaire and sugar daddy types do not have any effect on prices. You must have misunderstood what she was telling you.[/QUOTE]What type of crusade are you on?

Showing pictures of girls and talking loudly about paying for sex in a public place isn't mongering. It's just someone without a clue behaving badly.

If the way that you monger works for you, then it works for you. If someone else does things differently and it works for them, then it works. In that way, whatever way a person uses is acceptable, if it works for them. However, the laws in Colombia and in most other countries clearly define some wrong ways to monger.

Your second comment is just as silly as the first one. Two week millionaires and sugar daddies do have an effect on prices, of individual women. If a girl has a guy paying her 500 k and up every day, she's probably not interested in taking 30 k from someone else. It's exactly the same as what happened when my boss gave me a 40% pay raise early this year. He changed the amount of money it will cost another employer to gain my services, but he didn't change the pay scale for everyone else.

There might be 100,000 women in Medellin who will accept some form of payment for sex. A handful of gringos who visit a few times per year won't cause all of them to double or triple their prices.

I'll simplify it.

If a girl is making enough money to support herself and her family, she doesn't need to fuck every random asshole who waves a few dollars at her. If a girl has no money for food and the kids need medicine, then she's going to do whatever it takes to get the money she needs.

I think you points are valid and I appreciate that you made them without calling anyone an idiot.

[QUOTE=JjBee62;2766165]What type of crusade are you on?

Showing pictures of girls and talking loudly about paying for sex in a public place isn't mongering. It's just someone without a clue behaving badly.

If the way that you monger works for you, then it works for you. If someone else does things differently and it works for them, then it works. In that way, whatever way a person uses is acceptable, if it works for them. However, the laws in Colombia and in most other countries clearly define some wrong ways to monger.

Your second comment is just as silly as the first one. Two week millionaires and sugar daddies do have an effect on prices, of individual women. If a girl has a guy paying her 500 k and up every day, she's probably not interested in taking 30 k from someone else. It's exactly the same as what happened when my boss gave me a 40% pay raise early this year. He changed the amount of money it will cost another employer to gain my services, but he didn't change the pay scale for everyone else..[/QUOTE]

[QUOTE=Knowledge;2766238]I think you points are valid and I appreciate that you made them without calling anyone an idiot.[/QUOTE]Baby steps, I'm trying to be less of an asshole without losing my assholish charm.

Why don't you end your never ending battle that has nothing to do with mongering or Medellin or keep fighting via PM?

This is not a freaking investment forum, jeez. Nobody gives a fuck about your investment strategies

[QUOTE=Villainy;2765958]How many times can I say it. You can't read and your analytical skills are similar to those of a 5th grader.

You know why I didn't get killed, in fact am up nicely for the year?? It would take too much analytical skill from someone like you. So I'll just tell you.

[B]A.[/B] I don't own the REIT index, I own specific REITs that I think were oversold and have great businesses.

[B]B.[/B] I didn't own the 9 REITs I currently hold at the beginning of the year. I had only 1 to begin the year. The other 8 I bought mostly in the 2nd and 3rd quarter after I had seen them drop far more than was warranted.

[B]C.[/B] Every one of the REITs I own have raised their dividend since I bought them and none have lowered their dividend.

So why not Loan Participation Funds? I don't think rates are going to continue to increase very far into the future. The brunt of the rate increases are behind us. Sure there are going to be a few more Fed funds rate increases but I see them stopping early to mid-year 2023 at the latest. The market is anticipatory and that is why you've seen a serious rally the last few weeks.

No, Elvis. I'm sorry you still need to get your GED and then take a few college courses. Bonds have suffered for years when rates have increased. I don't just mean that their value has dropped (that is a given since rates and price have an inverse relationship). I'm talking about redemptions first and defaults second.

One of the considerations I evaluated prior to investing in one of the REITs I own was the quality of their tenants. So you see, the tenants in my REITs are high quality / high rated businesses. They don't take out variable rate loans and on the few occasions when they do. They pay them back immediately as rates start to drift upwards. So we just aren't talking about the same types of borrowers.

I have to guess that he wouldn't think very much of your predictions on interest rates either. Especially if he knew what a analytical joke you were when it came to predicting the number of CoVid cases.

If I were a lot younger I might indeed go that route. But I'm retired, I was delighted, no exhilarated to cash in some of my long held winners and start converting them into long-term quality dividend payers. Unlike you, I can read and I am certain that the individual REITs and dividend payers I selected will be increasing in value and raising their dividends irrespective of what happens to the economy in 2023 or beyond.

You just discovered it so it must be new?? The Fed has been announcing their rate decisions and publishing their reasoning for at least a decade.

No, Elvis. I criticized you because you didn't make any of the trades you claim. It was all Monday morning quarterback blather. Just like the 2500% winner you claimed that you picked a while back.

Where is the evidence? It would be easy to prove you actually did what you said?? No. It is just all made up. Everyone knows you are, well, undereducated. You try your hardest to post rehashed articles that you read or saw to try to impress people. You did the same thing consistently during the CoVid pandemic. Now you are doing the same thing with investing. You're just a windbag.

Oh and by the way, if you think I am [B]SO[/B] wrong in my investment selections, I would be glad, no delighted to list them for you so that you could short every single one of them.[/QUOTE]This is completely unrelated, topically, but there's an essential similarity you might appreciate.

At the family Thanksgiving dinner one of my relatives, after another relative arrived to provide moral support, started on a rant about electric vehicles and alternative energy. I ignored it, because it's not worth trying to explain the concept of incremental change to someone who can't grasp the concept.

Then he guaranteed that "every one of those wind turbines holds 30,000 gallons of oil. " I didn't say anything, just gave him a look. After he tried to argue his point, I just said, "I'm pretty sure that's not right" and reached for my phone. End of conversation.

For the record, the largest wind turbines have about 370 gallons of oil in the main gearbox. There are also a few smaller oil sumps for blade pitch control gears and bearings, and current lubricants are good for 7-10 years.

I sent him that information along with an excellent article on the subject from ExxonMobil (who are thrilled about the future of wind energy). No reply.

I'll let you get back to the financial disclosure forms and will hit you up in a few weeks for lunch.

[QUOTE=JjBee62;2766165]What type of crusade are you on?

Showing pictures of girls and talking loudly about paying for sex in a public place isn't mongering. It's just someone without a clue behaving badly.

[/QUOTE]Its not just about any public place. Its not Calle 10. Its the freaking immigration line for extranjeros!!

[QUOTE=JjBee62;2766165]

Your second comment is just as silly as the first one. Two week millionaires and sugar daddies do have an effect on prices, of individual women. If a girl has a guy paying her 500 k and up every day, she's probably not interested in taking 30 k from someone else. It's exactly the same as what happened when my boss gave me a 40% pay raise early this year. He changed the amount of money it will cost another employer to gain my services, but he didn't change the pay scale for everyone else.

There might be 100,000 women in Medellin who will accept some form of payment for sex. A handful of gringos who visit a few times per year won't cause all of them to double or triple their prices.

I'll simplify it.

If a girl is making enough money to support herself and her family, she doesn't need to fuck every random asshole who waves a few dollars at her. If a girl has no money for food and the kids need medicine, then she's going to do whatever it takes to get the money she needs.[/QUOTE]I do believe weekend millionaires do have an effect. Roughly about 2 k active profiles (logged within the past 2 months) on SA Med, therefore, as more tourists come so will the price move, both PPM and overnights. What I found fascinating was sheer number of students / office chicas on monthly or weekly support and showing off expensive gifts like phones and bikes. SA gringos are burning cash in style. Hehehe.

[QUOTE=MiamiBoy1;2766252]Why don't you end your never ending battle that has nothing to do with mongering or Medellin or keep fighting via PM?

This is not a freaking investment forum, jeez. Nobody gives a fuck about your investment strategies[/QUOTE]You read my mind and that of many others here MB1! I think they should kiss and makeup. That could be a whole new topic of discussion.