indythinker85
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Posts posted by indythinker85
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Excellent question! Deal with this all the time. I tell them dont take ANYONE's stock picks (including myself). I tell them if they want to invest for the long term open a Vanguard account and offer to give them a list of some good books on asset allocation (like Peter Bernstein). For so many reasons I refuse to recommend specific securities. It might not be the most ideal method, but i think its the best for starters (and for many advanced investors).
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Corner of Berkshire making a name for itself. https://twitter.com/felixsalmon/statuses/42317763144227635 @felixsalmon 4h
New Michael Lewis book to be titled “Flash Boys”, about high-frequency trading, says the internet: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/michael-lewis-on-the-next-crisis-%28businessweek-article%29/30/ … ^@cardiffgarcia
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I assumed there would be general thread on this topic, cant find one but assume I missed it. Anyway, Im looking at some of the following Korean Prefs LG Chem, SEC, Doosan, Marine Ins., Samsung Fire, Hyundai Motor, Lotte Chilsung, Daesang Corp, among some others (happy to put down entire list of initial prefs) curious if anyone has looked into them and if so their thoughts. Also anyone know Fidelity rules for these securities? Thanks in advance.
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When Warren Buffett made a bid for troubled Media General's newspapers, analysts wondered whether the legendary investor had lost his fastball. Hardly, as Benjamin Esty's case reveals.
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Im guessing no since pic is from NYP but dying to know for sure http://eddielampert.wordpress.com/
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Graham still working after 70 years: Negative Enterprise Value In summary, despite one total loss, the negative EV cohort gained more than 32% over the last five months while the S&P gained just shy of 9%. http://www.valuewalk.com/2014/01/negative-enterprise-value-stocks/
Negative Enterprise Value Portfolios After One Year
http://greenbackd.com/2013/12/04/negative-enterprise-value-portfolios-after-one-year/
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CoBF, gurufocus, valuewalk, valueinvestingnews, google finance, cnbc, seeking alpha for their market currents
I think SA market currents is under-appreciated. I think its a great resource as well.
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Have not watched it yet, but looks good. http://www.valuewalk.com/2013/12/contrarian-documentary-john-templeton-full-movie/
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30.29% through November, best year since 2009 (about 55%).
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Hmmm.... Still on twitter? Same person right? https://twitter.com/SamAntar
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O thanks so they just posted it online?
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Am i reading it correctly that he made 2% before fees being short only while the S+P compounded at 12.7%?
If so, those are spectacular results and his reputation and attention are deserved. Whether or not you believe in dedicating capital to a strategy with a low to 0% absolute returns is more of a philosophical debate between asset allocators. But the PDF you posted shows adept short selling skill. Does it not?
You are talking like any modern MBA or portfolio theory student. I hear the word "alpha" and I gag! Why would you need to pay someone 1 & 20 to do what swaps or other cheaper products could achieve? And that +2% is over years relative to the S&P 500. Any wonder why pension funds and endowments are so mismanaged...because of their short-term concern for "alpha", while paying idiots like Chanos a fortune. Your argument was identical to the one Whitney Tilson used when I originally posted that years ago. Cheers!
I hear both sides of the argument but agree more with Parsad; long term alpha does not matter. You cannot buy things with alpha, but this gets into a whole different argument absolute vs relative, what is risk etc. All I can say is LOL especially re Tilson.
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Sorry, he was 1 & 20...not sure what he is now...see attached PDF. This negative correlation stuff has no value any longer with swaps, bear ETF's, etc. Chanos adds no value to his clients on a long-term perspective and his whole existence survives on his client's fears. Like Abbey Joseph Cohen, David Rosenberg, et al, he's built a reputation on a couple of hits and his media presence. Long-term, he provides no value whatsoever and has been wrong far more than he's ever been right about markets! Cheers!
LOL very blunt. I have heard his LT performance is very poor from several knowledge people, but I never saw any performance stats. Very nice thanks Parsad, do you by any chance have something more recent from the firm?
Cheers!
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Interesting: Value Investor Insight Up For Sale
in General Discussion
Posted
Wonder who will buy it. I think Tilson and Heines do a solid job with it maybe Manual of Ideas? Could be some synergies there.
http://www.valuewalk.com/2014/01/whitney-tilson-value-investor-insight-sale/
And the more humorous version http://www.zerohedge.com/news/2014-01-17/if-you-are-value-investor-whitney-tilson-has-deal-you