marodq
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Posts posted by marodq
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Not new at all, but I think Hazlitt's Economics in one lesson is considered the gold standard (pun intended) primer.
+1 for Hazlitt. This is probably is the only good, yet short and easy, book on Austrian economics.
And it is available on-line for free: PDF
+2 for Hazlitt.
Enjoy that great book!
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Congratulations! :)
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He released a 2014 edition in paper. Hopefully it will be on kindle soon as well.
:)
Cool! Thats good to know. I guess I'll try to loan this one before splurging once again... Hehe.
Thank you Peter. :)
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2012 version of OPV. There is no 2014 version that I'm aware of... http://www.andykilpatrick.net/The%20Books.html
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Oh dang, I was dreading that, well if you can send me the pages with just the table of holdings I would be grateful.
If that is not feasible, can someone give an idea of which page/section that table is in? I ask because the kindle version is broken into 3 parts so I'd like to buy just the part I need.
That's what I love about this forum, people trying to save every penny. Truly value conscious!
;)
The good Buffett books are worth every cent, so $30 for the kindle version sounds like a good deal.
:)
Hehehe, yeah, although... I did splurge myself with the three kindle books. ;D I think they are the 2010 version. They are big beasts and have still not encountered what you guys are looking for (not even half-way thru book I).
I can loan a kindle book from my library for 14 days, so if any of you guys are interested, shoot me with a PM. ;)
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This is great, thanks!
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Today's dumb Newbie Question:
Seems like a lot of smart folks on this board use TEV as an important measure, especially P/TEV.
But I've seen a lot of different ways to calculate TEV.
Can someone help me with the most common formula?
Here you go:
http://www.investopedia.com/terms/t/tev.asp
http://en.wikipedia.org/wiki/Enterprise_value
It's basically a much better way to gauge the market value of a business as a whole. It contends what would happen if you took over 100% of a business; since you add long term debts (preferred stock too) and subtract cash or cash equivalents to the equity market cap, it allows for a better understanding of the economics and a much truer starting point to compute financial analysis than just calculating from market cap.
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Once again, thanks everyone! It was a nice easy day that was all mine, other than a number of work-related emails.
For dinner, had my free Red Robin burger, a coke, and then part of a slice of an 8-layer chocolate cake from Whitespot...mmmm!
Use to enjoy a monthly cigar, but stopped cigar smoking a few years back. Will enjoy my annual cigar on my birthday each year though. A nice Montecristo Especial this year!
The family/friends dinner is tomorrow night at a nice seafood restaurant. Cheers and thanks!
Sounds like a great, funtastic B-day! Keep enjoying yourself Sanjeev (mmm, seafood, mmmm)! From Valencia, Spain, wishing you a very happy birthday and all the best!
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I have done it off and on for ~10 years. I did an MBSR course.
Also, have spent a small amount of time at thich naht hahn's centers in France and New York.
Lapsed right now. But I am running again.
So have I. But have done it much more consistently the past year and it really does make an impact in my everyday: foucs, mood, patience and general well being. Also, I write things I am grateful/appreciate about my life after I finish meditating for a few minutes (very grateful for this forum, for instance, although I barely post, I do really appreciate all you guys and your knowledge... :) ), both practices together, I find, are very powerful.
Cheers!
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And now Oculos is bought by Facebook. Adreessen serves on both boards.
Not that I'm a big fan of Andreessen, but to be fair:
https://twitter.com/pmarca/status/448576195223773184
Fair enough Liberty. Thanks!
Neither am I a fan. He is a savvy guy though, from his humble beginnings with Mosaic, founding Netscape, etc. The man is smart.
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I can't say that I disagree with Andreessen, technically, anyway.
Buffett is certainly old, white and a man. I'm guessing he probably doesn't really understand the encryption and all the technicalities of Bitcoin either.
I am confident, however, that Buffett knows much more about human psychology and economics though. ;)
I dont know where people get this notion that Buffett doesn't understand technology. I am willing to bet he knows more about the economics of technology than most technology investors. That is why he stays away from "pure" technology companies. The earnings cannot be reasonably predicted as far out as Mars, Geico, or WFC.
Every one of his businesses is technology intensive. The insurance industry operates on computer models, detailed climatic analysis that can only be done by supercomputers, etc. BNSF uses the latest in communication, and computing to manage its entire business. Mid-america uses switching systems, sophisticated modelling, solar power, wind power. Need I go on.
Read Snowball. He was using a computer to play bridge at the dawn of the public internet. He was using a cell phone to negotiate the LTCM deal in 1998, before most of us had one. In Lowenstein he was criticized for not bringing out a Cd version of world book encyclopedia. Probably the proper decision, for the wrong reasons given the advent of wikipedia which killed the paid encyclopedia business.
Rest assured he understands technology.
+1
Did you guys ever read this piece by Andreessen?
http://www.businessinsider.com/the-death-of-value-investing-2013-4
His arguments are a misconception of the school of Graham and Dodd. Althought I'd agree with some of his points pertaining to technology, software specifically.
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Andreessen is good at blowing bubbles and cashing out before they burst, because that's the business he's in (finding greater fools).
Andreessen on value investing vs venture capital:
1/Venture capital and value investing fundamentally differ in one key way: VC = long change; VI = short change. However...2/Otherwise I think venture capital has more in common with value investing than any other kind of investing. For example:
https://twitter.com/pmarca/status/448633135974977536
HP bought Autonomy for $10 billion with Andreessen serving on the board.
Andreessen serves on the board of Facebook,[3] eBay, Kno,[43] Hewlett-Packard, Stanford Hospital,[44] Bump Technologies, Anki,[45] Oculus VR,[46] and TinyCo.http://en.wikipedia.org/wiki/Marc_Andreessen
And now Oculos is bought by Facebook. Adreessen serves on both boards.
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read the lyrics in the context of him closing the doors to outside investors ...
Yup, this makes sense.
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Wow! How nice, what a treat! Congrats!
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Great read! Thanks farnamstreet!
I've been following the proffesors blog for a while now, it is pretty good indeed; like farnam says the guy has a great investing record and also, I should add, a wonderful disposition to teach!
Here's a series of fantastic interviews done to him on the basics and not so basics of value investing:
Part 1:
http://www.safalniveshak.com/value-investing-sanjay-bakshi-way/
Part 2:
http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-2/
Part 3:
http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-3/
Part 4:
http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-4/
You can also download the entire interview in pdf form, here (my preference):
Enjoy!
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in General Discussion
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Interesting read:
Sam Altman - Planning for AGI and beyond