> The market can remain irrational longer than you can remain solvent.

And you can consistently beat the market as long as passive index investors believe in efficient markets.

Show me an index fund that persistently beats passive index funds. https://www.investopedia.com/warren-buffett-usd1-million-bet...

> If the company is overvalued, that overvaluation is set by the wider market, not just passive investors.

You probably also believe the markets are fully efficient and there is no insider trading ever.

Historically, it takes 6-12 months for the wider public market to determine the correct valuation.

That's why SpaceX, Anthropic, OpenAI are rushing to 15 days.

They know something bad will happen between 15 days and 6 months after IPO.

your 70k points + $600/pax is equivalent to $1300

so $600 fees is 46% of the points + cash you paid

you could've cashed out 70k points as $700, therefore the 70k points becomes cash in the math

OK, so you've calculated I've saved $2200/pax. Fine.

For the record, I already took that into account. My goal with these flights was to save cash, because at the moment, cash flow is the issue I'm solving for. At other times, I have other priorities.

I can't believe I have to say this, but... YMMV, I guess.

> Nope. I just booked biz class flights to Scandinavia in August for 140k pts.

Was it 70k points for single passenger, round-trip business class?

It's usually 100k points for one-way business class.

More likely 70k is one-way. Which means 140k points round trip + $600+ fees, vs $2900 cash price, which is hardly a deal.

It was 70k/pax round trip business class.

Yes, I agree it was a great deal.

> Turkish airlines hub (Istanbul airport) is a scam. Everything there costs at least twice the price it should. Especially food which is basically what everyone does during layover. Think 30€ for a burger or a kebab.

Business class passengers don't pay for food. They are busy eating free buffet in the lounge.