Palantir

Yeah, some pretty dumb statements from an otherwise good investor.

I am reading the Song of Ice and Fire series. I got tired of waiting for the tv show to air in April, so may as well bite the bullet and read the books. Reading book 2 now, I think the show is better btw. (Or maybe I'm just a bad reader)

Girls just wanna have FUN!

Munger is the "top" asset manager?

Yeah, and he decided to seek asylum in Russia, the land of limited, ethical government. Some hero of freedom he is. *facepalm*

Palantir, I know we've talked about this a bit in the past regarding your bullishness, but I'm a bit confused but why do you seem to be so bullish in some of the other threads if you have had such a large cash position? Sure the economy seems like it's improving but prices have gone up quite a bit, too. We're also 5 years into a bull market (I'll go on record here to say that I don't think we're in a new secular bull...though I know the market may prove me wrong, haha). Statistically speaking, it's getting long in the tooth. It might be different this time, but who knows. As for myself, I'm still almost fully invested, but my cash cushion is a bit larger than normal based on selling some appreciated securities and having yet to invest them. Fair point. I am investing a small amount of money and I only buy a stock when I'm really psychologically comfortable with it, and I like to have dry powder, so that results in me holding 30-40% cash. I'm curious to know what you mean when you say that the rally is reaching its expiry date, so to speak. Does that mean you broadly expect poor returns over the next few years? Or do you simply mean that there could be a correction this year? If the latter, I agree with you, there could well be a -10% decline in the markets, but it could still be a long term bull. Who knows, though, that is why we have bottom up value investing, to prevent worrying about the level of the market, and focus on finding undervalued securities!

This was pretty good.

Anyone think firms with big pension liabilities are a good idea? As rates go up.... Then again, there is evidence that the market has a keen idea of which firms have high pension liabilities, so that may not work.

So I am up 26.8% this year. Happy, but humbled to read the 50%+ returns on this board. I held a large cash position throughout this year, and didn't invest more in my best ideas. My new year's resolution is to change that.

Yea...my largest position (RHT) was up 15% since then. No complaints.

There is more to QCOM's business than CPUs.

I'm trying to figure this out as well. But rather than patent cliff, the bigger threat is the transition to LTE networks if I am not mistaken.

People have been saying "too frothy" since 2010.

Right now I'm torn between DOX and QCOM. That being said, I dont expect either of these to go up 100%, but do well over the long term. Both trade at high FCF yields, DOX has heavy buybacks and QCOM has high rates of growth.

Don't most insurance companies make poor returns on operations without the assistance from the investment portfolio?

^ I just started. I downloaded "Chess at ICC" available on iOS. This app is awesome.

IMHO, you should not try to make it a perfect process, because I feel that some people can procrastinate investing because they are trying to come up with the best, most bulletproof idea. I think you should research to the point of becoming "comfortable" with a name. If it goes down 20% on no news after your first transaction, would you buy more? Then again, I invest in very simple ideas....

Will probably buy DOX tomorrow.

This chap should start a Roth IRA.

Technology. So many great companies.

Just use the XIRR function and note the value of the account the day you added/removed cash.

Palantir Asset Management is up 20% for the year.

PE of 7.5. Which stock?

Just start reading different articles, and you'll get a picture slowly. Infoworld.com is a good place to start.

In India, I would like to invest in Micromax - probably the only Indian smartphone OEM, doing some interesting stuff.