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09-27-26 spal
Because the criminal justice system failed to charge the top executives, the civil court system became the primary arena for accountability.
In mid-2026, David and Ina Steiner reached a $55.7 million civil settlement.
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Interesting. |
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09-27-26 spal
| The eBay cyberstalking case—chronicled in the documentary Whatever It Takes: Inside the eBay Scandal—stands as one of the most surreal and disturbing chapters in modern American corporate history. Behind the bizarre facts (live spiders, bloody pig masks, and physical surveillance sent to two suburban newsletter publishers) lies a story about modern corporate incentives, executive insulation, and the limits of white-collar criminal prosecution. |
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09-27-26 spal
Whatever It Takes: Inside the eBay Scandal.
Just watched this. If you get a chance I highly recommend it. I rarely watch any movie these days, but this one is compelling. It is a spotlight view into the heart of the arrogance and corruption that can dwell within large business fiefdoms, but what was interesting is how this manifests. It shows you just how twisted things have become. |
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09-27-26 victor
hann, which is why food and vegetables are 2x prices in Indo
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i thought it was due to having thousands of islands, which adds considerably to the costs of moving goods from A to B. |
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09-27-26 spal
| Hann - appreciate the broader perspective - thanks for taking the time. Clearly it is not without challenges, but as you frame it clearly within your capabilities and risk tolerance. Please keep us posted on this one! |
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09-27-26 hann
09-27-26 spal
Hann - on the farm project - how are you sure of protection from expropriation risk
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I think u have me mixed up w another colores. Am from Ph, not france. Would of course tried to help your daughter. But it wasn't me :)
Land ownership - expropriation happens with great difficulty only when govt widens roads etc. Still it's complicated to own agri land in Ph. Govt has policy now allowing larger tracts from the 5ha limit in land reform law. But this is subject to challenge. Therefore u need some family members etc to get to critical mass and/or convert to a difft classification which allows large holdings (increases property taxes 10-20x). None of these policies make economic sense which is why food and vegetables are 2x prices in Indo, Malaysia, Th etc. The main challenges I'd say are not from the govt - there are squatters, scammers etc. So the first thing to do is fence and possess the property.
Operations wise - we've started businesses. I have developer friends who share land advice. Still it's on me. I have a sober, realistic view. Not every biz makes it. It's about a 6-8% of portfolio bet, invested over 2-3 years. Failure wouldn't kill me - though I'd feel bad. The main thing is have enough capital to get over the many mistakes, admit/fix problems quickly, keep overhead low, be hands on till u figure it out, build team/systems, be professional. I'd say it takes one's entire being to execute. Is it worth the risk? It seems to work on back of the envelope. My thinking is if it needs excel, returns are too low.
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09-27-26 carib
Former defense minister Yoav Gallant confirmed that Israel did receive a message from Hamas through a Shin Bet (Israel Security Agency) channel in which Hamas leader Yahya Sinwar warned that he would "shake the prisons," Gallant told Army Radio on Sunday.
Gallant also alleged that Prime Minister Benjamin Netanyahu kept senior security officials, including the defense minister, out of the loop regarding sensitive conversations with senior US officials during the war.
"During the war, I learned many times about important conversations Netanyahu held with the Americans on the most sensitive issues, such as hostages and ammunition, only after the Americans called me and tried to verify what had been said in those conversations," Gallant said. |
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09-27-26 spal
Hann - on the farm project - how are you sure of protection from expropriation risk - excuse my naivety, it is probably just the limitations of my Anglo-Saxon experience talking. And if you don't mind how have you become as comfortable with the jurisdiction - do you have family roots there somehow. I believe that you speak French (among your many other abilities) - you were among the colores who volunteered to help my daughter a couple of years ago when she was detained (because of a cat) on the French border.
Good health tips also! |
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09-27-26 hann
09-27-26 mo-mon
Hann
Well done! 62 is young. Continue with what what you wrote below about fasting etc. I do the same & I'm 63.
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Way too early to say how this will go. No one farms durian at scale in Luzon due to typhoons. I am hoping pruning to 5-6m and planting in valleys will be enough protection. TBH my first phase is not in the safest area. I may need to add phase 2 but let's see.
More on health - suggest to read Dr Greger's how not to die. Very fast read, well supported. But basically wfpb, antioxidants, etc
We do turmeric paste (peeled root blended w black pepper and a little olive oil) every morning. Apple cider vinegar diluted w mix of blended flax seed for DHA (in lieu of fish oil) & small amount of nigella seeds. I used to get 5 bad colds a year. Since we started this i probably have a bad cold once in 2 years. And just black coffee. We get green beans from San Francisco and home roast. |
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09-27-26 carib
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09-27-26 carib
hann: I obviously ment a safe deposit box in Swirzerland or Luxembourg, not the Philippines.
But I am no expert. |
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09-27-26 victor
savo, right.. the implications of such.
also implications for 2028 elections..
dt offers $20k to each citizen if the gop wins the white house..
and $50k if gop wins white house + congress.
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09-27-26 savo
victor
Dumocrats can’t do this!
say the dems win the house... and pass a bill to do 10k instead of 5k
will DT veto it? |
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09-27-26 savo
victor...
bessent clapping.
Not the only one Yes Sir, of course Sir! |
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09-27-26 mo-mon
Hann
Well done! 62 is young. Continue with what what you wrote below about fasting etc. I do the same & I'm 63.
As to farming, you seem to have enough experience. If that durian farm is in the Philippines, I believe it would be preferable to control all aspects from farm to market.
What I should've done a long time ago was to buy/lease a small 5 hectare plot as a getaway from the city. Totally self-sufficient w/ animals (for family consumption of milk, cheese & protein). Heirloom seeds for rice, corn, fruits & vegetables.
Solar-battery-generator energy. Deep well or river water with multi-stage filtration.
As to Philippine banking, only Bank of the Philippine Islands & if you need a second bank, Chinabank.
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09-27-26 spal
| Hann - thanks for the details. The picture just gets better and better! I certainly wish these kind of ventures all the very best. |
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09-27-26 hann
09-26-26 carib
Hann: I am not at all familiar with "vaults".. but I am not sure they cost that much. A normal safe deposit box in a bank vault costs at worse a couple of thousands, and 50 kg of gold fit in a small box.. but are worth over 60MM$..
Now most Colores are old hacks with significant capital. Besides the intellectual and emotional rewards of booking profits, what we need is just to secure a stream of income that allows us to live well and sleep well at night.
Or am I mistaken?
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1.5% singapore private bank quoted us some years back - SG gold vaults just getting started. But... on the internet now I see 0.2 to 0.5%. Our bank sucks, terrible execution. Tempted many times to change but it's hard to open new accounts.
Safety deposit box - I confess not checking. 1-2 decades ago, branches would get robbed in Ph. Also 2016 major bank (now 30% owned by Sumitomo) implicated in that Bangladesh swift scam. Only branch manager jailed. More recently two top ph tier banks issued certifications for billion $ deposits for market darling wirecard fraud.
David Bonderman really liked gold at 250 (interviewed for TPG around 2000).
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What old guys need ... is more life. Unfortunately this means normal BMI, whole food plant based diet, one meal a day, occasional long fasting to train body to burn fat. 95% of people who've lost 30lbs gain 10lbs/year after 2 years. Can't say am fully compliant. But have lost 37lbs, kept this over 8 years. 20lbs more to go.
Future is more pickleball, weight training, vegetables and less alcohol, star meals, etc.
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09-26-26 spal
am building a big durian farm, combo agri + tourism... a little optimistic to do it at 62.
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Hann - sounds very cool.
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I like it. Family also. Farm + flower corridor + gift shop + simple resto. Wife is willing to work on it if she can hand over her business to my eldest.
Kualoa ranch in Hawaii - 400 acres, dramatic spiked cliffs w panoramic sea views. 40+ movies shot there. E-mountain biking on trails, open fields one of the most fun experiences. 300k visitors per year.
Tomita Farms in hokkaido - 4-5ha, flower corridors w lavender, really not so much to talk about vs Provence. 1mn visitors per year with ridiculous gift shops. For that matter Senanque Abbey in Provence has more ridiculous gift shop.
I have a 60+ ha nice hilly area, 600m from cement road. Steep but plantable, walkable. 100km from my house. A couple of new highways reducing travel time to 2 hours. If/when some more roads get built, maybe 1'30. Have master planner, landscape archi - all concept so fees are low. Want talented archi to do entry pavilion, tasting area, small house. Talked to him 3 years ago when he was just doing tiny houses. Now managing partner of arguably no 1 local archi firm. Not sure I can afford. Really it's a farm so 800 thai cocos, 1000 mixed malaysian durian, 130 mixed orchard (thai, indo mango, some ph, other local fruits). Experienced developer w 350 ha planting. Probably costing me 50% extra vs DIY.
Reality is 5+ years of operating losses till durian fruits. If I do the tourism thing probably I can reduce or eliminate burn. Am probably 60% into capex program. No debt. In theory i can cover capex and sustain burn. Anyway first thing to do is break even
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09-27-26 victor
| We have the BEST FINANCIAL NUMBERS EVER, and the FAKE NEWS MEDIA refuses to report them!!! President DJT |
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09-27-26 victor
savo.. dt promised yet again the $5k if the gop wins..
bessent clapping.. what a douchebag.
yields even higher probably if the gop wins and dt makes good on this promise.
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A 5000 Dollar Dividend to all adults if Republicans WIN! Dumocrats can’t do this!
https://truthsocial.com/@realDonaldTrump/posts/117339693977416746
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