fareastwarriors

Investing is boring. Just sit and watch everything go UP.

https://www.zawya.com/mena/en/economy/story/Hurricane_Isaias_may_claim_at_least_one_CEO_scalp-TR20200810nL1N2FC0HXX1/ “Hurricane Isaias may claim at least one chief executive’s scalp. Connecticut legislators want the head of James Judge, the CEO of $30 billion New England utility Eversource Energy, on a pike as blackouts linger in the Nutmeg State. “ Stock is down 2% today. I am not emotional about this stock. I just think investors are not realizing how bad the situation is for this company. ED, PEG and NGG (all of them are East coast utes) are all down today in the same 2% ballpark. Likely cause is rising treasury yields, imo. May the power be with you soon. Because all of them are being blamed for the storms. For years they have been reducing labors and saved on maintenance, and shareholders benefited. Now politicians may force them to spend more money, including adding new headcounts, to prepare for future outages. Prioritizing customers over shareholders? Blasphemy!

Why are you guys adding WFC now?

Watched the stream all morning. Welcome back! Congrats to SpaceX and NASA!

Why this SPAC?

Just started Darknet Diaries. Very interesting.

Recession Proof’ Apartment Buildings Set for $12 Billion Test JLL is marketing deals to investors on promise of rent growth Layoffs, expiring unemployment benefits pose new hurdles https://www.bloomberg.com/news/articles/2020-07-28/-recession-proof-apartment-buildings-set-for-12-billion-test?srnd=premium

I've searched the Investment Ideas forum, and TD does not pop up in my searches. Why is it so? [i remember posts from CorpRaider and Uccmal about Canadian banks here on CoBF.] Good question. If I ever buy any I will post. Canadian banks and rails sure are fine bidnesses. At a high level, which Canadian bank is most conservative ?

U.S. judge confirms Berkshire Hathaway unit's 643 million euro award against German pipemaker https://www.reuters.com/article/us-berkshire-buffett-arbitration-award/u-s-judge-confirms-berkshire-hathaway-units-643-million-euro-award-against-german-pipemaker-idUSKCN24G37Q?il=0

Why V now?

Added some WFC

Podcast is my jam right now. I check everyday for new episodes of How I Built This, Freakonomics, The Pitch, Planet Money, and others!

WFC, BAC

Any plans to add more to office REITs?

Wow... Congrats Mahomes. Who's going to get the first $1 billion contract in North America sports?

Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal https://www.cnbc.com/2020/07/05/warren-buffetts-berkshire-buys-dominion-energy-natural-gas-assets-in-10-billion-deal.html

You guys eat fancy. Our family still buys the 0.99c/lb pork shoulder/"country style ribs," 0.59c/lb chicken quarters, $1.49/lb pork ribs, $4.99/lb ny/ribeye steaks. We only buy eggs when it's 0.99c per dozen. Meat is too cheap in America. Veggies are from Chinese markets. Regular American markets are too expensive for leafy greens. Rice is base. We spend more for fresh fish and seafood. Breakfast is usually noodles with some veggies and maybe an egg. Lunch when working is usually lunchbox with leftovers from last night's dinner.

Bought some VNO and ALX

Jeff Ubben tells the FT he is leaving ValueAct for social investing: ‘Finance is, like, done’ https://www.cnbc.com/2020/06/23/jeff-ubben-tells-the-ft-he-is-leaving-valueact-for-social-investing-finance-is-like-done.html

Warren Buffett’s Next Bulk Purchase Should Be Costco https://www.washingtonpost.com/business/warren-buffetts-next-bulk-purchase-should-be-costco/2020/06/05/b38185be-a720-11ea-898e-b21b9a83f792_story.html

Y'all need to step it up! ;D

I bought some ESRT and BRK.B.

small add to BRK/B

Warren Buffett’s lack of big moves during sell-off is ‘tied to his age,’ Ken Fisher says https://www.cnbc.com/2020/06/08/warren-buffetts-lack-of-big-moves-during-sell-off-is-tied-to-his-age-ken-fisher-says.html

Here in the SF Bay Area (primarily East Bay), my friends and family All want to Buy but inventory is low and prices are still high. They have been saving for years but the prices keep climbing and/or getting outbid. The cash is still there and their portfolios are bigger than ever. Most of the people losing jobs were not in the market to buy here. Of course this can change as more people in higher up positions lose jobs too. And obviously sentiment and/or economic reality can change quickly. We're not all tech ipo millionaires, although many do work in tech or healthcare but most are self-employed. The ranges they are looking at start at $650k to $1.2m.