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clee1982

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also $350 to $400k in 50 years is like 15.1% annualized, not as "ridiculous" as people think... (yes it's big, but not like Renaissance Tech...)
 

LA Guy

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also $350 to $400k in 50 years is like 15.1% annualized, not as "ridiculous" as people think... (yes it's big, but not like Renaissance Tech...)
For a consumer good, it's absolutely ridiculous. If you don't believe me, you can buy my old water heater for $100K. If that seems high, I also have a few flip phones lying around that I'm happy to let you have for just 2K apiece.
 

clee1982

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I agree with you, but my point is different, it's more about compounding, i.e. people treat $350 to $400k from 1990 to 2020 similar to $350 to $400k from 1970 to 2020...
 

LA Guy

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I agree with you, but my point is different, it's more about compounding, i.e. people treat $350 to $400k from 1990 to 2020 similar to $350 to $400k from 1970 to 2020...
I understand, but any consumer good appreciating at any rate is pretty extraordinary, was my point.
 

bdavro23

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Ugh- I didn't. I hum'd and haw'd for so long, I ended up just putting 4k into an education savings account for my 5yr old. I have 1k to play with and I think that's the range I feel comfortable. I'm still just kicking tires- teaching a couple of new courses and grad school have been busy.
Oris is high on my value proposition list...
 

papado

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also $350 to $400k in 50 years is like 15.1% annualized, not as "ridiculous" as people think... (yes it's big, but not like Renaissance Tech...)
Certainly not the 60%+ after fees of 5 and 40 from RenTech but I think if we look at the past 50 years of the stock market you'd barely get 10% so that 15% annualized from a darn watch is pretty good over that time frame!
 

bdavro23

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There's another teacher here who wears an Oris and it's pretty nice. Do they do in-house movements?
I believe they're all decorated ETA movements, but there could be one or two outliers.
 

New Shoes1

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There's another teacher here who wears an Oris and it's pretty nice. Do they do in-house movements?
Huge Oris fan here. I have an Aquis and just picked up a Divers 65. All ETA movements, except they have an in house manual wind movement for a line of the pilot watches, but charging a huge premium for that. You can pick up a new Oris for around $1,500 at an AD, cheaper if you go used. Retail has gone over $2,000 for several models, which is crazy since I picked my Aquis up five years ago for just under a grand.
 

CBrown85

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Huge Oris fan here. I have an Aquis and just picked up a Divers 65. All ETA movements, except they have an in house manual wind movement for a line of the pilot watches, but charging a huge premium for that. You can pick up a new Oris for around $1,500 at an AD, cheaper if you go used. Retail has gone over $2,000 for several models, which is crazy since I picked my Aquis up five years ago for just under a grand.
The big crown pro pilot looks amazing. I've never really been into pilot watches, but it's something pretty cool. Definitely over budget, though.
 

Rugger

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More "Patek" and AP in Hip Hop. Future & Drake "Life is Good"


Opening Chorus:

Workin' on a weekend like usual
Way off in the deep end like usual
Niggas swear they passed us, they doin' too much
Haven't done my taxes, I'm too turnt up
Virgil got a Patek on my wrist goin' nuts
Niggas caught me slippin' once, okay, so what?
Someone hit your block up, I'd tell you if it was us
Manor house in Rosewood, this shit too plush

Subsequent Chorus:

Yeah, hunnid thousand for the cheapest ring on a nigga finger, lil' bitch, woo
I done flew one out to Spain to be in my domain and Audemars-ed the bitch, woo
Dropped three dollars on a ring, cost a Bentley truck, lil' bitch, woo
I was in the trap servin' cocaine, I ain't been the same since, woo
 

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