whatstheofficerproblem

Can't speak on the fees, but @Parsad it would be sweet if the merchandise section had some merch. Cups, caps, and since we have a books section, add referral links to those books so that when bought the site can make money? The Merch doesn't necessarily need to have CoBF logo on it either, could be an internal joke or wisdom from within the thread, like John Hjorth talking about the Egg or his 'kinks' or Brookfield, a 'Why buy an egg' cup would be cool. Luca's reactions to a comment maybe as a picture on a cap, or Gregmal's one liners, Spek's wise words on a shirt. Food for thought.

@cameronfen, yes, you cannot view the forum unless you're a member. I first thought this was $50/month and thought I'd be missing this website. But then realized it wasn't a monthly thing, saved some money up and bought the membership. I must say, the best $50 I have ever spent. I would like it to be this way because I want the members to be small, close knit and qualitative. We cannot risk dilution, while that also comes with its cons, ever since last September, I have been gatekeeping this website pretty hard, I don't want my peers to know it, call it my competitive greed as a budding investor. It should be noted though, that I was thinking of getting CoBF access since I was 14-15 because the forum was namedropped by some of the investors I admire(d) way back when, only bought it 5 years later. And I speak about dilution with experience, if you look at some my early posts, absolutely juvenile. That of course changed when I started to get involved in investing professionally.

TSLA 2Q23 Earnings Call Analyst: With the emphasis of price cuts to drive volume growth eating into automotive gross margin, can investors expect to see automotive gross margin stabilize or even rise due to efficiencies outpacing the cuts? And if so, when? Musk: Where’s that crystal ball, again? If I may, look, the short-term variances in gross margin and profitability really are minor relative to the long-term picture. Autonomy will make all of these numbers look silly. I’d recommend looking at ARK Invest. I think their analysis is very good. It’s the best. And generally, Fintwit or the finance, Smart Finance people on Twitter, follow their accounts. They’re great. So that’s in my opinion where you’ll get the best info. So, I strongly believe Tesla is a big long-term investment. And don’t sweat when things go up and down. In fact, if the market panics, buy; if the market is a little too exuberant, sell at the time. But just generally, like -- I feel -- I’m confident we’ll deliver over long term, but can’t control short term. So -- and the autonomy is really where it’s at. I didn't know if the TSLA thread was a better place for this or this one. This is the first time I have seen a CEO of public company as big, ask veteran sell-side analysts who've done nothing but cover the same sector and stock for their entire life to look at analyses on FinTwit. This statement alone gives credibility to Cathie and ARK in the eyes of novice retail investors.

Thanks for taking the time to post this @Xerxes. This made me circle back to the Jenga Report on the Fairfax thread, I see AOT potential in BIAL. This should be interesting to track, time is our friend here when it comes to BIAL.

The first thing Pakistan does after getting an IMF bailout is spend 40Cr of that money on raising a flag bigger than India. . There is truly is a difference in leagues between having your flag on the moon and having a moon on your flag.

Wow, thank you for this. Truly enlightening, almost feels like a 'I have seen the light!' kind of moment. I'm gonna pay a lot more attention to some markets moving forward. That said, there are many companies in India that are trading below their NCAV, and are net-nets, my net-net portfolio that I have started in December-ish is already up significantly, I'd say 15%-20%.

@Parsad Any plans on making a separate section for Fixed Income? Where we can discuss bonds, debt and munis?

Agree with @Spekulatius on this. When you're buying you have to pay the ask, however. On Schwab, it's a 6.67% yield and priced at $104.86. I'd also be 105 when it matures.

"I don't think people need super fancy indicators to make money trading. I'm just using basic trend lines, support, resistance, volume, and those are all my indicators." "I think if you overcomplicate the indicators, it will actually throw off your trading because then you're trading more on the indicators than the actual price action." Someone, please put the guys at RenTech, AQR, Two-Sigma and other Quant and HFT firms on the phone! They are losing money by overcomplicating things! What a joke, does this genius trader even realize that the other side trading using complicated 'indicators' is what creates the price action. The course should speak volumes, if I had a method to make millions, I wouldn't stop at 8, neither would I teach it to strangers.

Ah yes, betting, how can I forget, gambling & betting have a special connection with me, my great grandfather was an avid enjoyer of the sport, he was such a patron that he brought , no should I say dragged, our then extremely wealthy family to below poverty line which took my family two entire generations to toil and get into the lower middle class again. The after effect is so bad that my parents to this day don't like me indulging in the stock market, my grandfather almost beat me to death when he found out I was pursuing a career in public equities. Back to the topic of horse betting, in the show Billions, the main character Bobby Axelrod says that he started winning when he quit following the horses and started following the bets, the guys that bet the last rather. How effective is this strategy? Bet at the end on the horse where there is a sudden inflow of money?

The thing with India is, most Indians don't realize the power they hold. If the entirety of India is a market, a 1% penetration would mean a TAM of 14 million people. The CCP knows the power they hold as a market and their people hold as a consumer and the wealth they can generate for companies. They have played their cards right and hence is the reason why most corporations prostrate before the CCP while spreading values in the west. While I am an open market absolutist, as an Indian, I would at least for once in my lifetime like to see some big corporations stripped of their hypocrisy in my motherland, that would be the day she would truly become a 'superpower'. Everything else aside, the start up space is booming in India, and I don't know how many of you guys noticed this, but looks like Tencent holds stakes in most of the Indian start-ups these days.

Berkshire does have women and minorities on the board, but rather than insult them by treating these highly accomplished individuals as props to generate a checkmark on some diversity grid, the proxy emphasizes that they were selected due to what they bring to the table in terms of experience and ownership. In response to a shareholder proposal that is intended to force Berkshire into the practices of most other large companies, the proxy responds with the following statement: Readers of the biographies covering Mr. Buffett’s life know that he was an advocate for civil rights from the earliest days of the civil rights movement of the 1960s. He has also made numerous comments over the years about the loss to individual businesses and to society as a whole when women are discriminated against in employment markets. None of this seems to matter to politically driven pressure campaigns intended to intimidate businesses to elevate skin color, gender, and sexual orientation over ownership and business acumen when it comes to corporate governance. I am in tears, if only.. if only all companies had this policy, a lot of good people would have their share. DEI recruitment is even worse. I don't know where the world is going, there is now a filter in school admissions and after being admitted there is a filter in employment, this double filtering is nothing but insult. Thank you Berkshire for being the voice of reason in today's world, or whatever it is.

Rumor has it that they used NetJets to travel private and made BRK more money while coming to Nebraska. Edit: I said that as a joke, turns out they really did use NetJets and the flights were grounded for a week.. they are making BRK richer on their way in and out of Omaha.

The biggest winners should be Citadel, more order flows for Kenny G.

This is precisely why every company using the 'G' word (GPT) is seeing stock price skyrocket. It truly is a marvelous invention, akin to that of the internet, this is why I think in the upcoming years there will be a slew of AI companies that will go public and trade at ridiculous prices, I expect another Dot Com Bubble but more violent because now we have VCs and Private Capital the likes of which we never had during the Dot Com Bubble.

Cheers! For some reason I only saw this, enough AI for me.

Best play actually be OpenAI itself, but revolutionary tech is rarely public. MSFT would be the most obvious idea imo because not everyone can shoulder the cost of developing something like GPT unless they are really big corporations. We can all agree that AAPL, META also have something in the works but just haven't shown it to the world yet. Duolingo is one I don't understand, they are just hitting all the buzz words, I think GPT will be useless in case of Duolingo because GPT is not the one learning the language, the guy who is paying for it, the customer is learning it. If I am as dumb as a rock, GPT can do little to help me. The only use of GPT in this context would be to tailor learning for the individual consumer which I don't know the effectiveness of, 'Explain my answer' and 'Roleplay' are suspect for me, I can't gauge how useful they are.

Don't know about the others, but checks out for FRC, 10-K pg. 119; Total Deposits = $176.4 Billion Uninsured = $119.5 Billion Estimates of uninsured deposits are based on the methodologies and assumptions used in our Consolidated Reports of Condition and Income (“Call Report”) filings.

If I can have 30 mins of your time.

Just got to know that there was a wokeness angle to this issue, internal programs rewarding the most wokest, it could also be the case that the 15 month vacancy for the CRO was to find the right person who met their Diversity, Equity and Inclusion bracket. How can a bank, whose entire balance sheet is nothing but risk, in an environment as risky as today, leave the most crucial position vacant?

True, SCHW I see a probability, SIVB though is highly unlikely, last thing you need is a bunch of VCs and PE guys saying they are indirectly funded by Buffett.

Lmao.. how people miss this simple logic is beyond me.

*Jersey accent thickens* "You know that little jewish kid that used to get bullied in school and think the whole world is against him."

Molly McDonnell, CFO at Lone Pine. Got to give Stephen credit where credit is due, LP is one of the very few funds where women were actually valued. To this day, almost all of the non-investing staff is women with a few in investing in high positions, the avg tenure for a woman at LP is 5+ years, much less for men. How do I know that? don't ask, looks like Mandel likes to surround himself in flowers.

This one is unconventional, I usually don't mention anyone else except founder, MP, CIO or CEO, but this is one of the few special cases. Rosanna Konarzewski, Chief 'Communications' Officer at Millennium, whatever that means. Why am I mentioning her? Don't ask .