CorpRaider

No doubt about that. When I read posters espousing these ideological points of view, I strongly question whether the posters have ever been exposed to any of the thoughts of Warren E. Buffett or Charles T. Munger. I totally ignore all of that tripe.

Inflation. "Breaking the buck."

To me you have to be evidence-based and systematic when it comes to this type of stuff (and most things actually). Otherwise you run a huge risk of fking up your portfolio and your psyche. I do tinker with a value + trend/momentum system in of my accounts (unless stocks are expensive and in a not in an uptrend, I want to be long). Out of U.S. stocks in that one as of today.

SPDW. For Pete's sake, will you guys just go ahead and wrap up Brexit and wind down the EURO or whatever.

I definitely remember the throwing up cupcakes/easy decisions quote. Thought about it when you asked, but I didn't have the actual quote handy.

Think of flipping from $CAG into $KHC. Seem roughly similarly valued and I won't have the paid through the nose/integration risk with the $PF deal.

To me it never makes much sense to look a profitability of a not-for-profit enterprise, smoothed over time they should be running at around a break even, but there's some interesting revenue data.

Good stuff guys. Thanks.

I like Brooklyn too. Base hit might be getting a little "this time is different" for my tastes and he had a bad tweet/take about growth vs. value, but I like to read his posts. I've been reading a bunch of the quants over the last couple of years. I guess that is more "white papers" than blog posts, but sometimes they have companion blogs. I am really more and more attracted to systematic investing, given all the behavioral hurdles investors/humans face. You can just run down the big hedge fund or MF stars and see them falling to these foes one by one. I like OTC, as mentioned. I like valueinvestingworld as a good aggregator/link curation site. I check it pretty much daily. Sounds like the guys behind that blog are shutting down their fund, was sorry to hear that. Hope everything works out for them. According to the latest update, the blog is still going to continue.

Caught a couple of fills on some BRX.

Good points about how crappy the bidness is. Also, mobility as a service and autonomous could end up in a place where the value is in the software/data and the cars are just plug and play, like what happened with routers. Obviously that's not on the horizon but the market does see AAPL and GOOG, etc...coming to (probably) take the cookies. Even if traditionals survive, they r going to have to spend even more capital than they would just churning out Silverados and F150s. At least it seems like one could make a somewhat convincing case for that view. There are probably opportunities too, but industry might about to be "disrupted."

Man, I think they are off base on the airlines (again).

Thx. Will check it out. Seems like I end up listening to mostly quant pods, even though I don't invest much that way (that I manage myself I mean).

No, I was just being lazy/hadn't read transcript yet. I read it now. Agree.

How much gold does he have? Any ideas?

Did you listen to the EQC call yet?

Chart crime!

Interesting stuff. Interesting timeframe. That's probably why the academics to multiple cuts and rolling timeframes and out of sample...etc... About a half a point of wind suckage, but a ton of that is of late looking at the $10K chart. Could look even bleaker if us market runs back to CAPE 44 (from ~33 now) or if it runs back to japan 80's 100 CAPE or whatever it was (assuming Glamour stocks lead the way). Personally, I'm long value (even weak-ass academic p/b; avoiding the glamour) versus growth for the next 20. Also, should probably update after market close tomorrow when FB is (30%).

Interesting. I think my guy was notable for "pyramiding companies" (i.e., get control of A which then gets control of B and so on) which is what Tom Evans and ultimately Buffett did back in the day (eventually triggering the SEC to kick the tires on his operation).

"indexing effects (in my thinely informed opinion) can be best understood if you imagine only two active investors exist and all others just index: every time those two agree in an above market purchase, all others will follow and bid the stock up while dumping all other stocks to normalize the weighting. This two pronged move will feed on itself until the two investors act again. Applied to the real market: companies in favour to active investors (be it because of momentum or real increase in value) will be bid up by indexing and the remaining will be sold down. Only active investors can stop this trends and will do so only after the first have risen further and the second have fallen further down." I may be misunderstanding you, but I think the index investors in your example would do nothing and the stock that was increased in price/market cap by the transaction between the active investors would have a higher relative weight simply because of the price as established by the active participants.

Good question. Interested in responses. I will say that Wattles involvement in one proxy fight with Thomas Mellon Evans (I think) was discussed in The White Sharks of Wall Street (I posted a little about it/how I found the book somewhere on my site). I Wattles role was when Evans was trying to take over the Crane Co. I will try and go look at the footnotes for that section at some point and see if there are any articles cited. I think there was some brief background discussion of Wattles. He was acting as the "white knight" for Crane management, initially, if memory serves.

That really hurt shop your way, to me. It was sketchy as fk.

The bigger point is: Amazon is getting so shady. It is really undermining my confidence in the legitimacy of things I buy on their site. I think the marketplace aspect is long term deleterious to the retailer brand and I would advise TGT and WMT not to go down that road and only sell legit shit they vetted on their sites.

Kind of highlights that he should run an electronic/kindle republication. Could donate the proceeds to charity or something if he doesn't want to be bothered.

Great!