fareastwarriors

Congrats sir!

3G Capital Is Expected to Be in a Buying Mood in 2017 http://www.nytimes.com/2016/12/15/business/dealbook/3g-capital-is-expected-to-be-in-a-buying-mood-in-2017.html?ref=dealbook&_r=0

Buffett Era of 8.5% Dividends Ends as Dow Swaps Stake https://www.bloomberg.com/news/articles/2016-12-15/buffett-era-of-8-5-dividends-ends-as-dow-swaps-3-billion-stake

Is there a way to read this without having a Barron's subscription? Google the title and click on the link from Google. Or I can save it for you. Still surprised not everyone knows about this already.

a bit of UA.C

I like bogleheads.org for passive investing/indexing strategies and general finance questions. It's a great resource.

;D ;D ;D

BNSF https://www.bloomberg.com/gadfly/articles/2016-11-11/berkshire-hathaway-bnsf-railroad-deal-shines-bright-in-hindsight

Right. Some people have 401ks that are like brokerage accounts. You're lucky if you're plan have Vanguard index funds and/or other cheap index funds because most plans have terrible choices with super expensive funds. My friend is paying like 90 basis points for a S&P 500 index fund at his company and that's the cheapest option available...

reinsurance http://www.bloomberg.com/news/articles/2016-10-20/warren-buffett-loves-this-business-maybe-a-little-too-much

I absolutely agree with this. I work on the retail side and see people buy high and sell low regularly. Eventually active strategies will have their day and the same people who ran into passive strategies will go back the other way (at what will likely be the worst possible time). I see institutional clients and their investment consultants doing the same thing. It's incredibly frustrating.

If someone is willing to hold through a bear market or two and keep investing passively and dollar-cost average through those times, then the person will probably be better off staying in passive. What I envision is people abandoning ship at the bottom and try to chase active management in order to "make up" for lose ground. Personally, I always recommend passive for my own family (and half of my own portfolio is passive) but I constantly remind them do keep buying and to stay the course even while the markets are going down.

Brad Katsuyama Q&A: ‘I Don’t Think We Would Have Survived If It Was Just Hype’ https://www.bloomberg.com/features/2016-brad-katsuyama-interview/

I do rental real estate. It's capital intensive and can be time-consuming. It's definitely not for everyone.

Cash is piling up faster than Warren Buffett can invest it http://finance.yahoo.com/news/cash-piling-faster-warren-buffett-151851036.html

TWTR ? Why?

+1

end of Mars pref https://www.bloomberg.com/gadfly/articles/2016-10-06/berkshire-s-wrigley-windfall-isn-t-even-its-best-bet

BAC - 50% AIG - 20% BRK'B - 8% FCAU - 5% AAPL - 4% RACE - 4% tiny positions in: BIDU DJCO KHC RYCEY BCOR XCO

I voted yes. If WEB is retiring and he chooses Trump as his successor, then WEB obviously sees some value or something about Trump. I'll give him the benefit of the doubt since Trump supposedly has Buffett's endorsement in this scenario.

While a small population do take advantage of the lower prices of certain everyday/promotional items, many do not. They shop according to their predetermined list. While I understand the utility of the list, I think that's a mistake... people should buy what's on sale and then plan/adjust their meals to those sale items. What are my qualifications? 4 years as a cashier at Whole Foods. ;D ;D ;D

I read this too but it says nothing about Kuwait’s investment. I think it's more likely them shorting than Berkshire but that is just my opinion.

I agree with all of what you are saying here. He has taken the whole 'premature accumulation' thing to a new level. The opportunity cost alone of some of these investments is off the charts - not even mentioning the fact that the actual prices are much lower in some cases than his average purchases. Are Sears or Joe going to be up 2-3x in the next few years? If not, can he find nothing else that will be up a similar amount with less risk? I just don't understand the exit plan with either of those, which I find to be extremely important. Interestingly, my best rate of return investment ever was buying IDT around the time Berkowitz was selling at a 90+ percent loss. I also had a lot of success with BAC a few years ago, but most of his holdings today I would not consider owning. I hope he proves me wrong because I have learned a lot from his work and like rooting for him. I'm in the same boat as you tede. I have shares in FAIRX and a small amount in FAAFX. I also own SEQUX.... I'm sitting tight for now. Maybe after 10 years, I will throw in the towel.

Is MER in Canada and TER in the USA equivalent? I thought his Chou America Funds were expensive at 1.2% but it looks like some of his Canadian funds top at 1.8%... It seems really expensive..