fareastwarriors

Get access through your local library.

I would push back on this from two sides: 1. You could argue about "better service" as defined by ease of calling Lyft/Uber vs. calling taxi. This is mostly US phenomenon though. In a lot of countries there are taxi apps/etc. that offer the same convenience. Also, I'm not really pro-taxi person, but security/quality of cars/drivers is arguably better in taxis. Of course, I've got recency bias of using Uber/Lyft mostly, but I've had pretty scary and pretty lousy drivers. And I gave them all 5 stars since OTOH you don't want to kill poor person trying to make a living with bad reviews. If taxi service had Japanese/Finnish car quality/driver professionalism and charged the same as Uber/Lyft, I'd take taxi all the time period. 2. Regarding raising prices 30-35% and not losing riders: currently Uber/Lyft is somewhat competitive with driving to destination, parking in paid parking and driving back, so I may take Uber/Lyft instead of driving and parking. With 30-35% raise, this use case economics are killed completely. You should rate honestly and provide feedback. I think if you leave one star (or maybe 2 or lower), you won't ever be matched with that driver again. Yes, I know the chances is tiny to be rematched with same driver but it does happen if you use the service a lot. Some drivers won't care about the ratings but if I see a driver with like 4.7 and below ratings, I might cancel and try to get another driver since I know the the driver has had some issues (could be driving skills or older/smelly car). From my experiences in SF area and NYC, the Ubers/Lyfts are usually newer and cleaner than taxis... Don't get me started on NYC taxi drivers, they are constantly on the phone and driving like maniacs. I've given about 100 rides on Uber and Lyft as a driver and used their services as a customer a few hundred times.

It could be a present for those sitting on cash. Merry Christmas!

I added a bit to Apple.

Darn! That's really too bad. Bloomberg was one of my last few sources for good business news after WSJ toughened up their wall.

I saw (and posted on Kraft thread) but I was also thought about potential future Kraft m/a action. It might be easier to work a deal with him off the board.

I always said it with a rhyme: "happy wife equals happy life!" It's a big investment and a huge time sink, we'd have to get a rental house for 1.5 years, that's why I'm not too keen on it -- though i think she'll get her way in the end :) 1.5 years? You could basically build a new house in less time than that.

Buffett's Berkshire Hathaway Insurer Enters Dubai With New Hires https://www.bloomberg.com/news/articles/2018-02-12/buffett-s-berkshire-hathaway-insurer-enters-dubai-with-new-hires

Interesting question.. I would like to know if someone's done the math here as well.. The total out-performance vs S&P since 1970 is 2.65% so if you backed out the 21% annual from BRK, did the rest of the portfolio really add value? +1 If you were one of the Buffett partners that rolled into Sequoia in 1970, what did you learn? 2% outperformance over 50 years is good but if Sequoia was carried by Berkshire for all those years? But I give them credit to have the fortitude to hold a major position in Berkshire for such a long period. Other managers could've done the same but they didn't.

Berkshire Hathaway Energy Names William Fehrman as CEO to Replace Greg Abel http://www.nasdaq.com/article/berkshire-hathaway-energy-names-william-fehrman-as-ceo-to-replace-greg-abel-cm904177

Sizing Up Warren Buffett's Successor https://www.bloomberg.com/gadfly/articles/2018-01-10/buffett-picks-good-time-to-nudge-berkshire-succession-forward

Brooks Needs Runners Who Hate to Run The $500 million company has conquered runners. Now it has to figure out everyone else. https://www.bloomberg.com/news/features/2018-01-03/why-brooks-needs-runners-who-hate-to-run

mo more mo problems https://www.bloomberg.com/news/articles/2017-12-11/buffett-s-about-to-get-3-billion-back-from-burger-king-owner

After Decades of Hints, Buffett’s Heir May Now Be More Apparent The pressure to dismantle Berkshire will mount. The bulwark against that impulse is his successor, whose identity is one of the business world’s best-kept secrets. https://www.bloomberg.com/news/articles/2017-12-07/after-decades-of-hints-buffett-s-heir-may-now-be-more-apparent

The Brothers Who Bought South Africa The continent’s most important economy now appears to function for the benefit of one powerful family. https://www.bloomberg.com/news/features/2017-11-09/the-brothers-who-bought-south-africa

What do you recommend then? They buy expensive mutual funds? Not all of them can be successful stock pickers.

We talked about this a bit back. Take a look: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/asset-based-lending/msg217411/#msg217411

Better than a Fidelity or Vanguard? (I have no experience whatsoever)

Renaissance’s Medallion Made a Stunning Shift After Trump’s Election https://www.bloomberg.com/news/articles/2017-08-16/renaissance-s-medallion-made-stunning-shift-after-trump-election

Are there any mutual funds worth investing for the long haul anymore?

Warren Buffett Likes Solar, but Not the Price Tag https://www.bloomberg.com/news/articles/2017-08-08/warren-buffett-likes-solar-but-not-the-price-tag

Berkshire Shares need Deal Fuel to Fly Any Higher https://www.bloomberg.com/gadfly/articles/2017-08-07/berkshire-shares-need-buffett-deal-fuel-to-fly-higher

I have a friend that does that. I was amazed at the spread.

I have a friend that does that. I was amazed at the spread.

Agreed. This stock rarely ever goes on "sale." Hope it drops a bit more so I could buy in.