Blake Hampton

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https://docs.google.com/spreadsheets/d/1RvPcTUYtqvpMq8fxe2Q3avlC61Yg6gMQ02uKjaFg1bU/edit?usp=sharing Thought you all might think this is interesting

The "Magnificent Seven" are very expensive. https://www.wsj.com/finance/stocks/its-the-magnificent-sevens-market-the-other-stocks-are-just-living-in-it-5d212f95?mod=Searchresults_pos2&page=1

Interesting, how long out were the calls?

What was your Geico equivalent? - Idea origination? - Thesis? - Holding period? - Position size?

Rest in peace Mr. Munger

So the company hasn't actually filed with the SEC since 2013. There seems no way to figure it out outside an email to the company itself, I'll try that.

This was kinda low effort, so I'll explain a little further. I'm looking at a very illiquid OTC stock right now that seems to have great characteristics regarding value. Their financials are audited and everything seems to be in order, including a strong balance sheet, good earnings, good management, and a decent runway for growth. Additionally, they have bought back 40% of the company in the preceding three years. Of course, their stock is also selling at a low price relative to my perceived value. My dilemma is that this stock seems a bit too niche maybe for others to ever come around to buying it. Without a dividend, I don't how I would ever hope to make any money. Thoughts?

How do you feel about issues that trade with very low or even zero volume?

I have a question for some of you more experienced investors. Does the current economic situation particularly stand out to you, or is a mass feeling of uncertainty simply inevitable when it comes to markets? The main points that stick out to me are the wide variance in interest rates (in a short period of time I might add) alongside the high prices of seemingly every asset class. I'm a relatively new investor, having only been doing this for about three years now, so I'm curious as to what you all think.

I don't understand why it would be so tough considering auto is a huge line item in the average consumer's budget. I don't know much about it though.

Hey everybody, I got a joke. The Wall Street Journal’s new update for the IPad app.

I’ve been reading Peter Lynch’s book “Beating the Street” and it’s had me thinking. In the book, Lynch talks about how he analyzed, and later bought, companies like Home Depot and various restaurants that are now household names. It seems that during his prime there was a lot of opportunity as many of the now great businesses were either just starting or in the process of significant growth. Anyways, my question is do you think that there is a smaller amount of opportunities today due to a lack of competition. There are a large amount of conglomerates that seemingly own everything while also having extremely strong footholds in their given markets. They can use their scale to utilize the vast amount of today’s data to create an even larger advantage between them and future competition. Thoughts?

Does anyone know the best way to value proven reserves? Is it simply multiplying it by a conservative spot price and then discounting it?

I really like this advice, it makes me think about Buffett's ownership of Apple. He understands that he has very few oppurtunities and would rather hold on to an expensive yet great business. I found myself selling and taking profits early when I still had cash to invest, and this is even on top of still liking the business I was selling. I think that you are right and selling too early could definitely be a problem.

I still come back to read this from time to time, though I got a question. Is "the coffee can approach" that you refer to come from a book? I found "Coffee Can Investing: The Low-Risk Road to Stupendous Wealth," by Saurabh Mukherjea and was wondering if they are correlated.

2023 now and thought I should post since it still seems to be an overwhelming issue. Due to a recent Supreme Court ruling, Biden's relief plan has fallen through. This is after a three-year payment pause that gave student loan borrowers the opportunity to borrow even more on autos, credit cards, mortgages, etc. Interest on student loans will resume on September 1st 2023 and payments will be due starting in October. Some stats 43 million borrowers (about 1 in 5 US adults) Average loan per borrower of nearly $30,000 Approximately 1.75 trillion in total student loan debt I've been thinking about it a lot and find it quite interesting. I have also been thinking about buying a used car and possibly a small home, and suspect that this situation could possibly affect those markets. Was curious if anyone else had any thoughts.

For all of you guys buying T-bills, what is the best way to do it while maintaining strong liquidity? Fidelity is my broker and I have checked out their bonds page but haven't quite figured it out.

Followed Munger into BABA at $200, pain.

It would bring a tear to my eye to only have to read 20-30 pages in a report. Those are some great uploads @Gamecock-YT, thank you.

Indeed. Thank you @Libs.

Also Apple is selling at more than 29x earnings. Buffett kinda hailed them at Berkshire’s meeting but they still seem very expensive. What do I know though.

You’re definitely right. I find myself analyzing multiple billion dollar companies when I can just look at something smaller that is selling way cheaper, plus the additional runway for growth. It might be because the bigger ones are the spectacles that you hear all about in the news.

How has your investment strategy changed throughout your life? I see a lot of older people posting on this forum and I find it really interesting that there are some of you that have played this game for many more years than I have. For context, I am a 21-year-old accounting major that has been studying investment for only about two years now. I seem to have new ideas about my investment strategy every day, I can only assume that other people on here are the same. I used to primarily look at book value but now believe earnings to be the most important factor regarding an investment. This is of course if both the balance sheet and management support the company behind given earnings. For some of you experienced investors, I'm sure that this seems very trivial. For me however, it was a breakthrough. I'm wondering what are the eye-openers some of you have had, either recently or in the past, that have changed your view on investment. Being that there are many that haven't experienced an investing environment outside of the low rates in the recent past, adding age for context would be nice. But of course, you don't have to.