Good morning, everyone! I am currently paying $1,200 per year to keep this community going. I don't mind paying that if it's valuable, but engagement has waned in recent weeks. (Including from myself!) Unless anyone has better ideas, I will plan to close the community over the next month. My wife and I are trying to save up to buy a "new" used car for our family to replace my 2011 Prius, so the savings will be nice. I will continue to post videos on YouTube, but my only other "community" will be on Patreon: https://www.patreon.com/nathanwinklepleck

I just watched a video by Daniel Pronk about the China surge and basically he's saying that the risk is priced in and the CCP is now basically funding these companies to buy back shares. This seems highly suspicious market manipulation. He goes on to share a clip of David Tepper talking about how China is an amazing investment. Again, am I being too skeptical? If I wanted to increase my position size or even hope for a pullback, would I go on national television yelling at people to buy China? Both of these angles seem like thinly veiled deception. I'm curious what everyone else thinks.

So obviously, owning an "elite" business for years is a great idea for any investor at basically any level. And of course, you would like to invest when that business was fairly valued, if not undervalued. But for our discussion here, let’s exclude the value at which a business is priced. 1. What do you look for in an "elite" business? 2. What do you look for that indicates a business is becoming “elite”? 3. What are the indicators that a business is no longer “elite”?

I spoke with someone recently who gave rather unusual investment advice. Buy VWO when under 35 (market is undervalued) and sell when over 45 (market is overvalued) Wait for VWO to go under and buy it back. Quite an odd something to buy and hold as its an emerging markets fund.

We can use this thread as idea generation for Nathan's videos, readings you want to see here, building something in Excel, software ideas that would help you with trading or investing, and anything else you can think of.