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In all, most of what I hold has maintained or gone up, but I tend to buy for income - not necessarily growth. This year, a handful of my holdings are going to pay out a nice year-end dividend, about equivalent of about another half a month's pay. I'm going to take those 6 holdings and elect for the cash instead of reinvestment.

I feel fortunate that I've been able to put a little away and get something for that frugality. It's nowhere near enough to live on, but it's going to replenish funds I had to use this year for some home and car repairs. I'm going to take a little for myself, get a couple of nice steaks and have a few friends over as well.

In all, most of what I hold has maintained or gone up, but I tend to buy for income - not necessarily growth. This year, a handful of my holdings are going to pay out a nice year-end dividend, about equivalent of about another half a month's pay. I'm going to take those 6 holdings and elect for the cash instead of reinvestment. I feel fortunate that I've been able to put a little away and get something for that frugality. It's nowhere near enough to live on, but it's going to replenish funds I had to use this year for some home and car repairs. I'm going to take a little for myself, get a couple of nice steaks and have a few friends over as well.
[–] 1 pt

Good 'ol Wabtec...

Fun story...the same place I spoke about a few days ago in regards to the short black man syndrome had another person like that who had short black man syndrome.

The company had recently hired a bunch of people from Honeywell, and they were all throw-it-over-the-wall people. That aside, one of the persons was this manager who only had a 4 year degree. (I don't have any concern about that, I could care less what paper you have as long as you can do your job.) However, he apparently felt inferior to everyone else he worked with, all of whom held PhD or Ms degrees. Everything you did was a challenge and a threat to him. He was Mister Argue. I think he'd argue you giving him $10 because that was a threat to his ability to make a living. Telling him that we're taking a break for coffee was a threat to his ability to work, etc, etc.

One day shortly after they all got hired, week 2 I believe after they just showed up and I was all WTF, we were in yet another endless meeting. The company still employed it's founder even though he was no longer big-man-in-charge. He had a corner office, and was fulfilling the role of chief conceptual engineer. Thinking the long game was his job, and sometimes the ideas that came out of the office were strange. Very conceptual thinker.

Short black man syndrome man, at the end of his maybe 8th day at the company, opened his mouth and said "We need to get rid of this [founder's name] guy. He's doing nothing but interfering in everything, nothing he says is useful and it's just slowing us down. We need to remove him immediately!" On and on and on for about 5 minutes.

Those of us who had been there were all hand over mouth going "oh my god" in whispers, and his Honeywell co-workers were just sitting there like none of this was going on. I think he was politely informed that the founder dude was NOT going anywhere and that he should shut his fucking mouth up, because that never happened again.

So what does this have to do with Wabtec? When the company finally folded due to, in part, the fact that no one there could execute anything, he left and went to Wabtec.

[–] 1 pt

LOL!

Fucking DEI hires. Imagine being that bad at office politics and interpersonal relations in general.

[–] 1 pt

That's the thing. He was a white dude with some good background to his name. He was just an asshole who couldn't take anything.