mysticdrew
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Posts posted by mysticdrew
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So.. beyond the philosophical debate, how can we invest and make money off this? Like many industries, I figure at some point a couple of players will start to grow,consolidate/roll up, and dominate the industry to the benefit of their owners/shareholders.
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I think BAMSEC is still pretty undiscovered. I love it.
Bamsec.com
That's great. Such a simple idea. I hate scrolling through edgar. Thanks.
I like the layout by filing type they do.
CoBF, gurufocus, valuewalk, valueinvestingnews, google finance, cnbc, seeking alpha for their market currents
What do you use gurufocus for mostly?
I know it wasn't directed to me but I like the 10 year financials and ratios all on one page.
Similar, I like the 10 year financials, various ratios and valuation tools they have as well as a quick showing of guru/insider holdings. Also, like the various screens they have.
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CoBF, gurufocus, valuewalk, valueinvestingnews, google finance, cnbc, seeking alpha for their market currents
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So now that the year is over.
My Roth IRA 42%.
Wife's Roth IRA 51%.
This year I was more conservative than in the past few years, but the market was simply a freight train and as usual I was hit by a luck stick on a couple of occasions.
2 big Roth IRA Milestones.
My Roth cracked 7 figures for the first time in early October.
On this final day of the year my wife's roth cracked $300k for the first time. (she had only 30k in it 2009 and has not contributed to it since)
30K to 300k since 2009 without contributions... that is impressive!
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Loading up on LEH :'(
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Congrats to both! Great stuff and good representing ROC Packer!
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I think the opportunity in the BAC warrants were a factor as well. The Citi warrants didn't seem like they'd ever make money imo.
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Jersey City, New Jersey. This is almost like sixth borough of NYC without city tax ;)
Did that NYC meet ever happen?
Not yet...spoke a bit on PM!
Originally from California but now Hudson county NJ
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That's pretty crazy... although at $200M, he's still wildly rich.
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Anyone has a good book on Icahn to recommend? I've never been too interested in the man, but maybe if I knew more about what he's done I would be..
King Icahn is a good biography. It's a bit dated as it was written in the mid 90's but gives a good story of his career and life to that point.
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Happy birthday!
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I've always liked Tilson's articles and interviews. This one as well. Thanks!
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Any change search functionality can be improved? Would be great to be able to search within specific topics/threads which I don't think we can do now.
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I echo the many congratulations and appreciation mentioned before me.
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Reading both damn right and snowball, you'll see lots of names beyond just Rick's that seemed to be frequently involved in Buffet or Munger's early deals but were rarely mentioned later on.
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29.5% for me for 2012. Many thanks for this board!!!
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I think I read his brothers and sisters are still alive in their 100's as well. Quite the family.
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USually, if you google the title of the article and click on it to access wsj, you get the see the entire article as like a free sample article.
Thanks. That's good to know as well!
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Can anyone post the text of the article for non wsj subscribers?
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Yea... the hostess shelves at the market was empty when I went over the weekend.
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The Fed approved JPM's plan to buy back $15 billion worth of stock last year. BAC is a lot stronger than JPM was last year. I would be very disappointed if BAC were to only buy back $3 billion of stock next year. Moynihan has said that all excess capital sitting on the balance sheet is there waiting to be distributed to shareholders. I would hope he would take advantage of the low stock price with large amounts of buybacks. He's also said that it is a priority to at least get back the shares that were issued during the crisis. This is what BAC issued during the crisis....
10/7/08 455 million @ $22
5/19/09 1.25 billion @ 10.77
12/3/09 1.29 billion @ 15
They should make it a priority to retire these 3 billion shares as Moynihan has said.
Did he say all excess returned to shareholders? I thought the tune he's been singing was roughly 1/3rd buybacks, 1/3rd dividend, 1/3rd reinvestment
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Was wondering when he'd try to get into insurance!
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interesting porfolio of financials and commodity type companies.. looks like he's going back to his old ways of heavy concentrating with the use of the kelly formula?
Yep, he's mentioned it a few times that he's going back to a more concentrated allocation. He gathered the real lesson to be learned from the drop in 2008 wasn't more diversification but rather keeping more cash instead.
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Many of the stocks in the sector were already over valued even with the year long negativity, over valued from a G&D perspective. Strayer is/was 9x of book value.
However, who is going to educate the population if there is not help from the private sector? The government needs these companies if they truly want to educate folks as public sectors are already over crowded. In addition, have you seen 4-year tuition at many universities? There is some value around and some companies are really cheap, but of course they may get cheaper :)
Cheers
JEast
I think there is definitely a place for the schools... maybe less so the generalized ones, but the specialized ones like the technical/trade schools, nursing/physician assistant schools especially fulfill a need out there.
Berkshire and AXP
in Berkshire Hathaway
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BNSF is probably temporarily impacted by the West Coast port labor slowdown issues causing major congestion in the whole logistics infrastructure.