Palantir
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Posts posted by Palantir
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http://finance.yahoo.com/news/smartpros-reports-third-quarter-2012-211054943.html
Here is their latest results.
Ok fair enough, I must have been looking at the wrong ticker. That being said....where do you see growth here?
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I appreciate the idea, but where do you see that you bought it for cash? Google says they have 2M in cash for a 20M cap firm.
Oddball has inspired me to find growth stocks in the sub 100M space. One I found, unfortunately already has had a huge runup, but it is a moat/growth firm, so there could be plenty of upside in the future if op results are good....I will post it after I initiate a position.
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In an earlier post you noted that PA performance would not be meaningful to an investor as it is not subject to the many constraints of running public money. I'm a little confused reconciling the first statement regarding PA's with your recommendation from Prem, "start with what you have and build a track record". Isn't that the same thing?
Just for clarification, when you started your fund with 400k, was that with OPM or was that your own PA?
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The best advice I ever got was from Prem...he said "just start it with whatever capital you have and can raise, and build a track record." I would suggest you just start. We started with only $400K, even though we had verbal commitments of over $2M! So, just start with whatever you have and can raise.
What is a good way to show a track record? Would brokerage statements suffice, or is there a more formal way of doing it?
Do you mean for your personal account or a fund? Cheers!
For a personal account. I have a brokerage account, at some point I'd like to be able to post my results in the same way.
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The best advice I ever got was from Prem...he said "just start it with whatever capital you have and can raise, and build a track record." I would suggest you just start. We started with only $400K, even though we had verbal commitments of over $2M! So, just start with whatever you have and can raise.
What is a good way to show a track record? Would brokerage statements suffice, or is there a more formal way of doing it?
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Looks really impressive. How much money are you managing for this portfolio? (If you don't mind). You mentioned it is not a real fund, so essentially is an LP closed to outside investors or is it basically your personal account?
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One of my friends invests in this via Lending Club, and has gotten roughly 14% returns annually. That obviously sounds really good, but I can't decide how legit this really is.
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Re microcaps....I'm studying MIMV as a speculative play....can't figure out how much of my money I actually want to speculate on this guy....
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For all the moat investors on the board there are some really nice, relatively cheap growth stocks at this level as well. It's a lot easier for a $50m company to go up 100x than it is for a $5b company.
Any ideas? :)
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There is a Jim Chuong.
www.ticonline.com
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I equally weight between ten holdings. I can't decide whether that is too concentrated or too diversified, so I'm thinking it's just right. The weightage is based more on likelihood of "success" on a specific position rather than the expected return on it. Since I have no idea if one position is more likely to succeed than another position, so I assume they're equally likely to succeed.
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I am not sure if this is what you were looking for hope this helps. If you have any questions/comments/suggestions feel free to pm me.
Awesome spreadsheet, I'll definitely take a look at it, although I will need to annotate month end values as I go along.
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I am unclear on how to actually measure performance because I just add money to my account when I want to buy a stock. I had a 5k roth IRA and added 5k to it over the course of this year. So if I pretend my starting value was 10k essentially I ended up holding 90% cash for half the year, and only increased my position in late fall, and now I'm at 25% cash. So overall my annual return is 7%.
If there is a better way to calculate performance, please let me know......:)
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On a different note, I think there are Sikh billionaires - the Ranbaxy guys.
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I thought Life of Pi was good.
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So....anyone buying? We're at that level again.
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Hey girl, want to go top-down on your balance sheet?
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I wish there were more stocks like this bad boy. :'(
Also while there were losses this qtr due to Sandy, you should also offset by rise in retained earnings due to operating income.
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Ok, I'm a little lost now. What exactly are people in this thread referring to when they mention "Warren's put"? I just see the 1.2BV level as a resistance point, but I am lost as to what "put" means in this context.
The theory is simple.
Buyback at 1.2xBV on a stock that has a daily volume of about 300 Millions $/day. The company has about 20 Billions of extra money in the bank and generates about 10B a year. If it ever goes under 1.2xBV BRK can therefore buy substantial amount of it's own stock and sustain it's price.
BeerBaron
I understand that....but why is that a "put"?
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I was quite tempted to anticipate Combs and Weschler's recent purchases before they joined Warren because I was almost certain that they would buy for BRK what they liked best when they ran their hedge funds. They are truly cut out of the same cloth as Warren. The reason I didn't is because I became enamored with the Buffett "Put".
I cut my teeth studying option pricing way back when. I can assure the board that the value of a perpetual put with an increasing strike price on a great business selling at a enormous discount to it's benchmark is enormous. (It's not a real put of course, and this is why Mr Market has assigned no value to it --YET.). Thus presents the opportunity to invest with great, but not absolute safety, and use hedge fund techniques to goose the returns if desired. I think Warren's put is more valuable than a real put because of the rising quasi strike price.
Ok, I'm a little lost now. What exactly are people in this thread referring to when they mention "Warren's put"? I just see the 1.2BV level as a resistance point, but I am lost as to what "put" means in this context.
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Just out of curiosity: someone (Parsad, of course) knows how many women are members of the board? I would read their posts with much attention!
;D
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What an excellent forum. I think I know what I'm doing, then I come on here and read what others do and I am immediately humbled.
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You're buying the same stock at the same price WEB would pay. How often does that happen?
Over the past 5 years: WFC, BNI, JNJ, USG, KFT, WMT, arguably even BAC at its lows. :)
Vinod
Yeah, but were you able to buy those before he did? Point is, he's telling the world, "I'm going to buy this stock at this price because its really really cheap", he didn't do that with BNI or JNJ or WFC.
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I don't think it's a "put", but merely a giant "BUY" signal. You're buying the same stock at the same price WEB would pay. How often does that happen?
Technical Analysis
in General Discussion
Posted
I don't do TA, but I do like to pay attention to momentum. If I think a stock is cheap....but it has surged to a high, or if it is falling rapidly....I avoid. I've started experimenting with stocks that have surging momentum (FB). But it is better to take diversified positions.
Furthermore, with many high quality growth stocks, if they dip from time to time, they may be slightly above your target value, (I want to buy at 46, IV at 60, but it's trading at 48) I think it might be a good idea to forget about your IV if a high quality growth stock comes "close", how close is a judgement call.