LC

Old thread but I have been interested by Garmin recently. To answer the thread title, it appears "deep value" was the right answer. Curious what the board thinks on the valuation here. I think the product offering is attractive, I think it also has tailwinds behind it. IMHO it trades at a "somewhat" reasonable valuation in the age of YOLO.

My wife sends me an email about the Weedmaps SPAC and says "I heard everyone is talking about Gamestop but this could be some small easy big money". Now I am concerned. If she goes and gets WSB on her side I may surrender control of the accounts to her ;D

Trimmed some IRM.

Cubs, Greg is gone now. You're next if you don't stop the political posts. Zero tolerance going forward for board members, so everyone else, pay attention! Cheers! Greg is banned? The worst the guy ever did was call me a silver spooned baby. I took it as a compliment in fact ::) Meanwhile we've got YOLO threads and such. What times we are living in...

There must be a certain Canadian slant here because the Kieso book was also my financial accounting textbook, way back when. Personally I think financial accounting changes at a snails pace and is relatively straightforward, any used textbook from the last few years will be just fine. The McKinsey valuation book and other such books do touch heavily on financial statements but are also very involved with what metrics are important and why. It is a good primer. Other aspects you are mentioning will touch other topics such as marketing, distribution, product/industry specifics...many of this is only learned with experience or specific expertise (e.g. medical knowledge, engineering knowledge, etc.)

Appreciate the commentary.

Is this a response to the superstockmarket and government monetary policy?

I wish Mirantis/Docker was public. Bought BRK the past few trading days.

https://www.washingtonpost.com/health/2021/01/15/trump-vaccine-reserve-used-up/

Dammit, yeah - you're right. Crackpot ideas from a money bubble.

Does anyone ever use short positions to accumulate high quality companies with extreme valuations? Let's say I want to own Tesla but can't stomach paying 100X earnings or whatever it is nowadays. And further let's say I think a fair price is 75x earnings. Just to use random round numbers. One could buy Tesla with $100 and then use options to short NIO for $25 of notional exposure. Or some other electric car company that you feel is "inferior" to Tesla. So worst case is Tesla drops and NIO doesn't, ok sure. But I think more realistically in a downturn your Tesla position is hedged to your "fair value" price, and perhaps the more volatile hedge company pays off even further.

Unless the wholly owneds are faltering and the investment portfolio is balancing it out? Also I bought Brk calls yesterday.

That is surprising considering excess deaths seem to be rising in NYC.

Anyone know a good resource to get addresses/zips of properties owned by these REITs?

Thanks for the reminder on the expanse! I wasn’t aware season 5 was out. Great series.

I prefer that phrasing as well :)

Theoretically yes as near term cash flows of value stocks are more valuable (relatively) with higher rates

As someone who is 40% cash or so, I really appreciate the thread. I think the businesses I was buying in 2020 are pehaps higher quality on the average, but the price:value ratio has really gone out of whack. I will particularly look into the multi-fam REITs. I am not so great in the REIT space, are these best held in tax-deferred accounts due to the divs/distributions?

Congrats to her! I know nothing about music but I thought it sounded really good. Really impressive for a teenager!

Interesting company. Thanks for sharing. It also has an interesting valuation - roughly 50x forward revenue ( give it take). The Motley Fool Industryfocus Podcast discusses AI in their 12/4 episode. Valuation? What’s that? :D

Interesting company. Thanks for sharing.

Disagree on the classification on #1. They will sell when their life goals are met and they realize that to buy a home, car, etc....all will need dollars. I read a post on Reddit a few days ago, guy made a few 100k on Bitcoin over 8 or so years and sold to pay off his parents mortgage, buy them a car, give them a nest egg, plus some for himself. Maybe a moot point in the grand scheme but just saying, you may be a monetary anarchist until you need a roof :)

Bought Berkshire. When there’s trouble in the kingdom, retreat to the castle!

This is a poll to record forum member's cash balances as a percent of investable funds. Although I suppose you can define that however you would like (e.g. whether to include retirement accounts, mortgages, etc.). I also made the votes changeable, so it can be updated over time. Personally I am just under 50% cash, hopefully Mr. Market presents opportunity to dramatically reduce that as I prefer to be fully or almost-fully invested.

Do more cocaine?