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Miklagard

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    What's on your Wish List

    in General Discussion

    Posted · Edited by Miklagard
    Spelling mistake (autocorrect)

    On 5/23/2022 at 4:21 AM, Dinar said:

    Why do you like Skistar?  Why Jungfraubahn?  (I looked at it years ago.)  Thank you.

    Skistar has tremendous assets. I would be surprised if Skistars assets doesn't have the same status in the high middle class/upper class in 50 years time. 

     

    Jungfraubahn also has a tremendous assets, high moat, a long track record and low debt.

     

    Gladstone is a asset play as well, farmland will be around and it is a scarce resource. Need to read up on it a bit more, which I need to do for everything since I just started to spend time on investing again.

     

    I doubt the growth and scaleability in all of these, so important to get in to a low multiple, but when I get in I can sleep well for many years to come.

    What's on your Wish List

    in General Discussion

    Posted

    On 1/9/2022 at 2:59 AM, Sweet said:

    Hi all, this is my first post in the board.  Hopefully there will be many others.

     

    I was watching a talk given by Mohnish Pabrai about a month ago.  I quickly forgot about it after I had watched it, but a week or two later I was thinking about the video again.  I realised there was an extremely valuable exercise which I missed.

     

    Mohnish recalled that he was giving a seminar and a person in the audience ask him what stocks were on his wish list, and would he mind sharing a couple of those companies with the audience.  Mohnish replied that he couldn’t answer to the question, but not because he didn’t want to, but because he didn’t actually have a wish list of stocks.  The question itself prompted Mohnish to start thinking and developing a wish list.

     

    And so to the purpose of this thread - developing a wish list of stocks, and the benefits of doing so. 

     

    I interpreted a wish list as any stocks in a fantastic company which you don’t own, but if conditions were right you would buy.  Those conditions might be that the company is overvalued, or there are some short term risks for that company and you want to wait, or it may be that you don't have the cash right now to buy it.

     

    When I was thinking about my own wish list I identified several major weaknesses of mine:

    1. My market knowledge is shallow.  I am comfortable only know what I know, and I am too focused on my own investments.   I couldn't give an account of other companies and sectors, and how they were currently performing.
    2. The wish list I drew up was very small, I feel this is a reflection of my lack of knowledge in point 1.  I hope to add more stocks over time.
    3. Nearly every stock that I wanted to buy are all well known.  Of course good business are well known, but there was not a single emerging stock on the list.

     

    Here is my list in no particular order.  It's not sexy, it's still a work in progress, new stocks will be added, and some might be removed:

     

    - Amazon

    - Alphbet

    - Visa

    - Mastercard

    - Paypal

    - Bank of America

    - Well Fargo

    - Costco

    - Starbucks

    - Walmart

    - Microsoft

    (Yes, no Apple)

     

    Hoping that others will share their list (if they have one), and for those who don't have a wish list, perhaps they can find some benefit in participating in this exercise.

     

     

    I like this theme.

     

    At the moment I have these stocks on my wish list:

     

    Costco

    Jungfraubahn

    Gladstone Land

    Disney

    Skistar

     

    I also have a small position in BRK and Hinghams Institution of Savings. But really looking to add more when price is more decent.

     

    I am again starting to read up on value investing after a couple of years with no room for investing, both due to time and money, and I am thinking a lot about my strategy going forward. I am really leaning on having great business at a decent price, or rather worlds best companies at a decent price. We'll see what happens.

     

     

     

     

     

     

     

     

     

     

    What are you buying today?

    in General Discussion

    Posted

    1 hour ago, kab60 said:

    That's not how these things work. He can't just pay 1B and walk away.

     

    What is this 1B everybody is talking about then? If something is wrong because of Twitter, he can legally get out and still have to pay 1B? Or is it Twitter that needs to pay 1B if court is deciding the <5% bot thing is a breach of agreement?

     

    Quite new to this, and willing to learn.

    What are you buying today?

    in General Discussion

    Posted

    44 minutes ago, kab60 said:

    I don't do merger arb, but I bought some Twitter. Musk gets away with a lot of crazy shit, but I don't see how he'll be able to break a deal where he waved due dilligence and whined about bots before, during and after closing.

    As far as I understand it, it costs 1bn to break the deal. So he should be able to break it, just pay the "fine". Anyhow, I took a small position myself, because it seems like he is negotiating for a lower price, and of course because of adrenaline.

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