SSOTT

[minn19]

Used BimmerCode and it is really easy to do. Fuck you ASD, you are no more. Sounds so much better/natural in the cabin now.

[Arcades]

Originally Posted by minn19

Used BimmerCode and it is really easy to do. Fuck you ASD, you are no more. Sounds so much better/natural in the cabin now.

I have never used BimmerCode before, how does it work lol. Maybe I should Google it...

[minn19]

Originally Posted by Arcades

I have never used BimmerCode before, how does it work lol. Maybe I should Google it...

Here is a very good thread on it. Basically all you need is the BimmerCode app full version $26.99 and a compatible WiFi or Bluetooth OBD2 dongle. I got the OBDLinkMX+ because you can use it for other things/diagnostics or Harry’s Laptimer/Torque for the track. Also I can use it on my F150 and code out some really annoying things there to.

https://f80.bimmerpost.com/forums/sh....php?t=1420650

[GrussGott]

So this is happening!

[Lups]

Originally Posted by GrussGott

So this is happening!

Wow that's a beautiful bird!

[GrussGott]

Originally Posted by Lups

Wow that's a beautiful bird!

I forgot how powerful the Sun is here ... in Cali I can be outside for hours without getting near a burn #vertLiving, but here ... I went for a mid-day swim for 40 minutes and I got a little burned! My wife, who's typical Scandinavian translucent got slightly red without ever going into the Sun!

And speaking of birds, yesterday there was a fucking rooster outside waking us up at 5am - my point is, roosters aren't fast enough to outrun a well thrown coffee cup.

[Lups]

Originally Posted by GrussGott

I forgot how powerful the Sun is here ... in Cali I can be outside for hours without getting near a burn #vertLiving, but here ... I went for a mid-day swim for 40 minutes and I got a little burned! My wife, who's typical Scandinavian translucent got slightly red without ever going into the Sun!

And speaking of birds, yesterday there was a fucking rooster outside waking us up at 5am - my point is, roosters aren't fast enough to outrun a well thrown coffee cup.

If you ever visit finland... i have mugs, and a phasan who tries to dig up my potatoes every morning.

Just saying, if you're that good, ain't we friends for life and a stew?

[GrussGott]

Originally Posted by Arcades

GrussGott What do you think of the Rolex Oyster Perpetual?

P.S. Still prefer the Submariner Date though

it's gonna be awesome because it's a rolex! Now you know you can't ask me this shit without getting a book ...

My 2 cents is, you have to decide why you want a luxe watch, and when / how / where you'd wear it ... so, for example, you might want a sports watch for your first watch because it's more of a daily driver rather than dress watch which will be more of a chauffeured bentley.

Digging a bit deeper, most people want a luxe watch for a few reasons:
(1.) They appreciate the mechanical art, design, and history / romance
(2.) They want chicks
(3.) They want insecurities-bane jewelry: "look everyone, I am somebody!" (the spin on this would be it's a trophy of one's achievements or it signals taste and style! ) As the old saying goes, "show me a man with a Rolex and I'll show you an inferiority complex"
(4.) Money laundering / corruption / bug-out insurance
(5.) "investing" - ugh, luxury items aren't investments.

Anyway, nothing wrong with the first 3 IMO, we're all human.

Personally I've been on quite the watch journey over the last decade and, long story short, I think I've decided I like my watches like I like my cars: German.

Sure, I like my M4 because it's fancypants, but if it were just that it's not worth it for me ... the larger reason I love the M4 is because it's an overbuilt tool, a beast that can take hours and hours of abuse and then drive home like a milk run. THAT'S worth it.

So after years of watch test runs and consideration I've concluded I want the exact same thing out of a watch: a purpose built tool that can take maximum abuse and still perform.

That's when I started looking beyond the usual suspects (Rolex, Patek, etc) because where and why am I going to wear a $25k watch who am i trying to impress? I still love those watches, but if I'm not going to wear it, then I'm better off funding trips to Switzerland and taking factory tours, going to roadshows, etc than buying one - which is why I could never make a decision.

Then I ran across Sinn ("Zin") dive watches - they're what Rolex used to be: a tool you wear while you're actually doing stuff. And they're super German.

The U1 is made of submarine steel: stronger, corrosion resistant, anti-magnetic. Then they do some magic to that steel that makes it 4x harder than rolex steel, and then you can get it PVD coated that makes it 5x harder. The movements are shock-proof, anti-magnetic, and accuracy certified to actual DIN standards. They're depth-rated to at least 500 meters which is important not just for depth, but for diving into water which simulates depth. There's all kinds of other tech you can buy in them too like water vapor absorption, oil-less movements, etc. And further, you're not paying for marketing, branding, and sponsorships.

The downside is, of course, few know what a Sinn is - there's only one retailer in the US (and only 1 per country globally except Germany). So if you want a watch as a look-at-me thing, Sinn is definitely not your first watch, maybe not one you get ever.

Anyway, at some point this year I'm thinking I'll buy 2 or 3 in different flavors, and I may buy a few g-shocks, and then over time i'll get others, but I'm probably off Rolex, Omega, etc for a long time, maybe forever.

Glad you asked?

[Captain Blood]

Originally Posted by GrussGott

So this is happening!

A Hawaiian island?

[UncleWede]

Originally Posted by GrussGott

I forgot how powerful the Sun is here ... in Cali I can be outside for hours without getting near a burn #vertLiving, but here ... I went for a mid-day swim for 40 minutes and I got a little burned! My wife, who's typical Scandinavian translucent got slightly red without ever going into the Sun!

And speaking of birds, yesterday there was a fucking rooster outside waking us up at 5am - my point is, roosters aren't fast enough to outrun a well thrown coffee cup.

LIAR!!!!!!

Rosters go off long before 0500

We adopted 3 Plymouths and a Rhode Island from shelter today. Should have run us $60 but waived for Mother's Day

[Arcades]

Originally Posted by GrussGott

it's gonna be awesome because it's a rolex! Now you know you can't ask me this shit without getting a book ...

My 2 cents is, you have to decide why you want a luxe watch, and when / how / where you'd wear it ... so, for example, you might want a sports watch for your first watch because it's more of a daily driver rather than dress watch which will be more of a chauffeured bentley.

Digging a bit deeper, most people want a luxe watch for a few reasons:
(1.) They appreciate the mechanical art, design, and history / romance
(2.) They want chicks
(3.) They want insecurities-bane jewelry: "look everyone, I am somebody!" (the spin on this would be it's a trophy of one's achievements or it signals taste and style! ) As the old saying goes, "show me a man with a Rolex and I'll show you an inferiority complex"
(4.) Money laundering / corruption / bug-out insurance
(5.) "investing" - ugh, luxury items aren't investments.

Anyway, nothing wrong with the first 3 IMO, we're all human.

Personally I've been on quite the watch journey over the last decade and, long story short, I think I've decided I like my watches like I like my cars: German.

Sure, I like my M4 because it's fancypants, but if it were just that it's not worth it for me ... the larger reason I love the M4 is because it's an overbuilt tool, a beast that can take hours and hours of abuse and then drive home like a milk run. THAT'S worth it.

So after years of watch test runs and consideration I've concluded I want the exact same thing out of a watch: a purpose built tool that can take maximum abuse and still perform.

That's when I started looking beyond the usual suspects (Rolex, Patek, etc) because where and why am I going to wear a $25k watch who am i trying to impress? I still love those watches, but if I'm not going to wear it, then I'm better off funding trips to Switzerland and taking factory tours, going to roadshows, etc than buying one - which is why I could never make a decision.

Then I ran across Sinn ("Zin") dive watches - they're what Rolex used to be: a tool you wear while you're actually doing stuff. And they're super German.

The U1 is made of submarine steel: stronger, corrosion resistant, anti-magnetic. Then they do some magic to that steel that makes it 4x harder than rolex steel, and then you can get it PVD coated that makes it 5x harder. The movements are shock-proof, anti-magnetic, and accuracy certified to actual DIN standards. They're depth-rated to at least 500 meters which is important not just for depth, but for diving into water which simulates depth. There's all kinds of other tech you can buy in them too like water vapor absorption, oil-less movements, etc. And further, you're not paying for marketing, branding, and sponsorships.

The downside is, of course, few know what a Sinn is - there's only one retailer in the US (and only 1 per country globally except Germany). So if you want a watch as a look-at-me thing, Sinn is definitely not your first watch, maybe not one you get ever.

Anyway, at some point this year I'm thinking I'll buy 2 or 3 in different flavors, and I may buy a few g-shocks, and then over time i'll get others, but I'm probably off Rolex, Omega, etc for a long time, maybe forever.

Glad you asked?

I would say, 1 is definitely it, I'd say maybe 5... but to me it would be more of a potential hand me down than investment. 2,3,4,5 are not important what so ever. I have always wanted a Rolex but my habit of not liking to wear expensive things on my hand always prevented me from even considering one. But at least with luxury watches, for the most part you can consider them a type of investment right? Kind of like housing where you won't lose as much out on it.

Currently, my daily watch would be between my Hamilton Khaki Aviator and my simple Fossil watch. So, anything like a Rolex would be a tremendous jump from what I am typically used to but I definitely want at least one luxury watch on me for certain, unique situations.

The one I am looking at is the one you posted initially, between that version of the Rolex Submariner Date and Submariner Date (Oystersteel and yellow gold). Apparently making it gold = 5k more...

If I ever do it, I would want it to be what I want.

P.S. Happy Mothers Day to our mothers. And Lups

[GrussGott]

Originally Posted by Arcades

you can consider [ luxury watches ] a type of investment right? Kind of like housing where you won't lose as much out on it.

Housing is an investment because it's putting a scarce resource to productive use. That is, land is required for people who create things with labor to live on, thus owning land is investing in production: when the economy grows through production, so does the value of your assest, land.

A luxury product is a depreciating asset, like a car, so not an investment ... but it possible for depreciating asset prices to rise given demand like the 1M coupe, although one is speculating on the demand and resulting value, and speculating is gambling not investing.

And, since I'm on vacation, you're gonna get the G-Man's theory on why the economy is fucked, thus I'm definitely not speculating on stuff, and my investing is broken out to short-term (like 25 years) low volatility stuff, and long-term (more than that) market risk stuff.

Here's the deal:

(1.) Impending entitlements explosion, blah blah blah enough said.

(2.) More important: financialization of the corporations in the stock market

See, earnings per share of, say, S&P500 companies has grown 11x since 1990, and that number is old so probably more. I've been working during that time and I can tell you for a fact I'm not 12 times more productive.

Ask your father if he thinks he can do in hour what took him a day and a half in 1990. There's no way. So what explains why companies are so much more "productive", i.e, profitable?

It's a mystery. some people say technology, but again, 12x more productive? No.

Now consider what happened to US corporations last year: we cut their corporate taxes 43%! And to pay for that we borrowed the money from future tax payers.

So what can US businesses do with such a massive windfall?

They can buy stuff (real estate, machinery, etc), they can buy other companies, they can pay dividends ... or they can do a share buy-back...

Guess what? 2018 was a record year for share buy-backs! $1.1 trillion!

Why's that a big deal? Because buy-backs happen (usually) when execs think their stock is cheap, i.e., they're undervalued. But guess what happened? lots and lots of those same execs that voted for the buy-backs sold their own stock into the buy-back!

Speaking of investing, if you owned stock you thought was under-valued why in the World would you sell it??

Maybe it's because you know your company isn't 12x more productive and if taxpayers are willing to take out a loan and give it to your company (to keep share prices high), you better get out while the gettin's good, right?

And that's just exactly what's happened.

Financialization is profit margin growth without productivity growth.

So if your father's labor isn't 12x more productive - and nobody else's is either - where does the profit margin come from? Government policy that keeps gifting corporations with more and more ... which, at some point, will become impossible.

Now will that mean a giant crash or a small crash followed by a lost decade? Or lots of small crashes? Who knows, but globally it can't continue, nor can it continue in the US.

In any event, if you have money in the market you don't want to lose half of because you'll need it in the next 10-20 years, I'd get it out.

As for Rolexs, they might not do too bad because I'm out of the short-term market, as are others, and if there is a big crash or an extended small one and demand on those Subs drops well below MSRP, I'm a buyer!

TLDR: [ not available ]

[minn19]

Economy is fucked in the long term blah blah blah. I just successfully coded my car GrussGott and you ignored the post.

By the way you guys have inspired me. I’m going to start a cock watch company and bilk all the uber megalomaniac male rich people for another crazy fad.

[Arcades]

Originally Posted by GrussGott

Housing is an investment because it's putting a scarce resource to productive use. That is, land is required for people who create things with labor to live on, thus owning land is investing in production: when the economy grows through production, so does the value of your assest, land.

A luxury product is a depreciating asset, like a car, so not an investment ... but it possible for depreciating asset prices to rise given demand like the 1M coupe, although one is speculating on the demand and resulting value, and speculating is gambling not investing.

And, since I'm on vacation, you're gonna get the G-Man's theory on why the economy is fucked, thus I'm definitely not speculating on stuff, and my investing is broken out to short-term (like 25 years) low volatility stuff, and long-term (more than that) market risk stuff.

Here's the deal:

(1.) Impending entitlements explosion, blah blah blah enough said.

(2.) More important: financialization of the corporations in the stock market

See, earnings per share of, say, S&P500 companies has grown 11x since 1990, and that number is old so probably more. I've been working during that time and I can tell you for a fact I'm not 12 times more productive.

Ask your father if he thinks he can do in hour what took him a day and a half in 1990. There's no way. So what explains why companies are so much more "productive", i.e, profitable?

It's a mystery. some people say technology, but again, 12x more productive? No.

Now consider what happened to US corporations last year: we cut their corporate taxes 43%! And to pay for that we borrowed the money from future tax payers.

So what can US businesses do with such a massive windfall?

They can buy stuff (real estate, machinery, etc), they can buy other companies, they can pay dividends ... or they can do a share buy-back...

Guess what? 2018 was a record year for share buy-backs! $1.1 trillion!

Why's that a big deal? Because buy-backs happen (usually) when execs think their stock is cheap, i.e., they're undervalued. But guess what happened? lots and lots of those same execs that voted for the buy-backs sold their own stock into the buy-back!

Speaking of investing, if you owned stock you thought was under-valued why in the World would you sell it??

Maybe it's because you know your company isn't 12x more productive and if taxpayers are willing to take out a loan and give it to your company (to keep share prices high), you better get out while the gettin's good, right?

And that's just exactly what's happened.

Financialization is profit margin growth without productivity growth.

So if your father's labor isn't 12x more productive - and nobody else's is either - where does the profit margin come from? Government policy that keeps gifting corporations with more and more ... which, at some point, will become impossible.

Now will that mean a giant crash or a small crash followed by a lost decade? Or lots of small crashes? Who knows, but globally it can't continue, nor can it continue in the US.

In any event, if you have money in the market you don't want to lose half of because you'll need it in the next 10-20 years, I'd get it out.

As for Rolexs, they might not do too bad because I'm out of the short-term market, as are others, and if there is a big crash or an extended small one and demand on those Subs drops well below MSRP, I'm a buyer!

TLDR: [ not available ]

I thought about investing in stock little by little but I have never pulled the trigger as I have no experience with it and just think about it. Not to mention I grew up during the long economic recession, that wasn't something that came to my mind to begin with.

I feel like I would do a Rolex only when the time is right and there is an occasion for it, but so far there hasn't been one. Granted I don't know where to really buy one yet or the process but maybe when I know I have an occasion for it then I can do so.

I get the feeling the US economy is going to pop sooner or later due to all the nonsense a certain person is currently doing. Even though I actually agree with the China thing, China has been for, far too long taken advantage of the West while saying the exact opposite. However, all that crap he has done thus far has damaged multiple class groups (that isn't his millionaire friends). Regardless of all of that crap, I don't seem to care much as... honestly I have better things to worry about right now.

[GrussGott]

Originally Posted by Arcades

I thought about investing in stock little by little but I have never pulled the trigger as I have no experience with it and just think about it.

Well, you don't want to be out of the market and smart investing is SUPER DUPER easy! Do exactly as Warren Buffet recommends, low-fee index funds, Jack Bogle invented them and started vanguard.

simple simple simple: Vanguard index fund (VTI). done. if you want to get fancy, add an international fund (VXUS). Fancier yet, add a total bond fund (BND). Seriously, that's all you need to do. And if you're afraid the market will melt down and want to be ultra safe get a treasury fund (VFIUX). This is set and forget it stuff.

You absolutely should not be out of the market because you'll miss out on the most powerful force in the universe according to Einstein: compound interest.

Not beyonce silly.

[GrussGott]

Originally Posted by minn19

Economy is fucked in the long term blah blah blah. I just successfully coded my car GrussGott and you ignored the post.

and i'm still undefeated in MMA against 5 year olds - that's not REAL coding, for that you need a laptop and the danger you're about to brick your car.

That's when you're a real coder.

[minn19]

Originally Posted by GrussGott

and i'm still undefeated in MMA against 5 year olds - that's not REAL coding, for that you need a laptop and the danger you're about to brick your car.

That's when you're a real coder.

Hmm.........

[GrussGott]

Originally Posted by minn19

Hmm.........

Look, just because your delicate sensibilities can't handle variety in sports, that doesn't mean the rest of us have to mirror your principles!

Hey, where do you think those kids we're caging up on the border end up?

Who cares! amiright??

[minn19]

Originally Posted by GrussGott

Look, just because your delicate sensibilities can't handle variety in sports, that doesn't mean the rest of us have to mirror your principles!

Hey, where do you think those kids we're caging up on the border end up?

Who cares! amiright??

No moral talk from me, I was just disputing the undefeated part.

[GrussGott]

Originally Posted by minn19

No moral talk from me, I was just disputing the undefeated part.

Oh. Well look, that kid totally cheated and deserved to be disqualified: The ref didn't even say go, sheesh. What a cheater!

[GrussGott]

Speaking of watches, here's my Bathys Hawaii Benthic Titanium on a kevlar strap overlooking the south shore of Kauai 15 minutes ago:



Surf's up bitches.

better view of the face, not that you people care

[GrussGott]

Oh, one last note on the economy ...

America is supposed to be the country of rewarding hard work, right?

Well, right now with us both working we pay about 49% in taxes and 53% on capital gains like dividends ... but guess what happens if we stop working, that is, drop our labor income to $0? That's right! Our tax bill drops to 0% even if our investment income supports our exact same lifestyle. Which, sitting here in hawaii, doesn't seem too punitive.