racemize

Seems like this would fall under the same rules google has to abide by--receive a takedown notice and then comply with it.

Yeah, I found that one, I'm just trying to get a decent number for the year to put in my spreadsheet. Baupost is by far the hardest to get every year.

Anyone heard what his returns were for 2016? Trying to update my tracking sheet.

I've bought through fidelity. Ask to be transferred to the fixed income desk and they'll let you buy. I told the guy I was a fund manager (which is true) and they stopped giving me so much shit.

Is there any good way of tracking his individual investments?

nice.

I thought that user account had posts along the way? I guess the account is a year old, so it could be a long stunt.

link?

I just released an essay, mostly written to our partners, regarding the different types of returns (e.g., how to calculate them and what they are used for, with examples). I imagine most people here already know all of this, but just in case it might be useful, here's the link: https://www.dropbox.com/s/t8izar5euxoxef7/2017-01-05%20Measuring%20Returns.pdf?dl=0

Post the CAGRs! I can't do geometric means in my head.

well this can be fixed by 1) always reporting and/or 2) putting long term results and length of record with the post. Single year returns are mostly meaningless without it.

Bogleheads has some spreadsheets in the wiki: https://www.bogleheads.org/wiki/Calculating_personal_returns

Time weighted returns are easy, maybe you mean something else? Anyway, Time weighted returns are just the simple returns strung together for each period: TWRR = (1+SRR1)*(1+SRR2)*...(1+SRRn) Money/time weighted returns can be calculated via XIRR in a spreadsheet.

Returns time. Always pretty fun. Finally have a good set of numbers compared to the last few years of underperformance. Including historic returns and current size for moore. Two sets of returns: main portfolio (majority of net worth, 7 figures): 2016: 24% since 2010: 20% annual vs 14% S&P crazy concentrated/leveraged at times IRA (1/12th of net worth, 6 figures): 2016: 89% since 2010: 32% annual vs 14% S&P

Yes, but that 95k has to cover both the Roth conversion (that I don't use) and long term gains/dividends (to live off of). So it really only works if you live off of 47k as a couple. I could do that without a mortgage, but I like the low percentage rate/inflation hedge/etc.

I think offering conversion at par is plenty juicy enough.

Yeah, I think that can get it up to say 90k, maybe higher if I keep the mortgage. I think it's likely that I'll just have to suck up the 15% long term gains, but I thought I'd check in to see if I was missing something.

I'm catching up on how taxes work in retirement and various strategies. E.g., I've read things like: http://www.physicianonfire.com/the-taxman-leaveth-taxes-in-early-retirement/ http://rootofgood.com/roth-ira-conversion-ladder-early-retirement/ It seems likely that I'll hit a FI number that can sustain 75k+ a year in the next couple of years, maybe 5ish on the conservative side. At that point, I think it will break down as 67% taxable, 33% non taxable. I'll also be well below withdrawal age. The problem I've found is that most of the people talking about this topic are in the early retirement, but extremely low income level camp (e.g., <50k a year). I'm not in that situation, so I thought I'd ask this forum for any thoughts, as it is a bit more affluent. Anyway, from all the reading I've done, I think I should probably set up a Roth conversion ladder as soon as I "retire", which will give me access to the retirement accounts after 5 years. However, there's also the 0% cap gain taxable income area to stay under, which might be tricky if I'm doing any amount of stock rotations in the taxable account. So that seems kind of hard to deal with while also setting up the ladder. Perhaps the 0% rate is rather hard to pull off at the same time. Anyway, looking for any input on people who have thought about this heavily and/or already started doing it. Thanks in advance.

Joel, if I have understood correctly, Allied shareholders will receive $5 in cash per share as a special dividend from Allied + $5 in cash from FFH. Those $10 per share won't stay inside the combined company and therefore should not be included in its BVPS calculation. Of course, I might have misunderstood! Cheers, Gio I'm hoping that's the case, but it says proforma as of September of this year (not after combination) and the footnote doesn't mention whether it accounts for the dividends.

The presentation has pro forma BVPS at $421, but I can't tell if that includes the divs out to Allied World shareholders. Does anyone know? Also, there isn't a email address for fairfax investor relations?

Any issuance over book value increases their record, so maybe that's the only hurdle.

http://www.wsj.com/articles/winding-down-fannie-and-freddie-is-easier-than-it-seems-1481846232 Well this solution doesn't seem too favorable to preferreds.

I think there are a fair number of things in Texas not being drilled right now due to capex budgets. Anyway, I think his point is that there is plenty of capacity that is idling to put a cap on oil prices, even if we don't label where that particular capacity is.

Probably worth considering that "concentrated" is relative to most money managers with no position being greater than a couple of percentage points. Anyhow, I would say a concentrated portfolio is one that 80% of the allocation is 6 stocks or less, or something around there. I would use an extra label for more concentration than that--"super concentrated" or something like that. e.g., I have a super concentrated IRA where I'm usually at 3-4 positions for the whole portfolio.

I thought this article from 2014 was really interesting (20 years of VC investing): https://www.dropbox.com/s/53prwfvncidph2k/20%20years%20of%20VC%20investing.pdf?dl=0