CorpRaider

Do you think the DB CEO will be allowed to actually undertake actions he deems required? Do you think a foreign buyer would?

Sounds like the ones about the janitor or the IRS mid level auditor will scratch your itch.

A "technical heavy approach" sounds much worse than value investing and much, much, much worse than indexing. I brought in the index thing (sorry, as it seems to have derailed the thread). Unless he's just talking about systematic trend following using cheap index products in a tax advantaged account or something. In any case, best of luck.

Don't take this the wrong way but I've long thought you might be a great candidate for an index product, like a low ER balanced or target date fund (or like a low fee RIA). You could also consider whether being a "dividend-growth" type investor might help you with some of the behavioral issues we all face. Many of the other options are inferior to what you've been doing and you will probably lose more money (e.g., growth or momentum/technical investing or "trading").

ETFs and Mutual Funds could in theory be taxed the same, but no legacy mutual funds (to my knowledge) use in-kind redemptions and creation units with third-party financial institutions (and their MTM tax accounting) intermediaries. If you want to really know the answer to your question (you don't have it in this thread), google should work. Alpha architect has some very good and sophisticated stuff on the subject on their site, if memory serves. Rob Arnott discussed the issue briefly in his recent appearance on the i3/marketfox podcast out of Australia.

You've got a feel for the market?

Feel the market. Feel it! feel it!

Quicker than doing a post: The market is expensive and has negative momentum/trend. Historically, returns "blow" when that is the case, to use a technical term; but not always. I think I've got to be systematic about these things or my monkey/lizard brain will severely harm my net worth either now or when I sit on the sidelines for the next big bull run. The system could be to allocate 60% to equities and rebalance periodically, btw. We don't need a GFC (or even a moderate recession) to get another ~50% drawdown, simply based on a mean reversion in valuation and/or corporate profitability/share of GDP (see, 2001 - 2003). I think both are likely to come at some point, which you can explain either based on behavioral factors or risk/based classical economics [returns vs. supply and demand for capital] theory. But making predictions about the timing of this is a fool's errand.

Uh make them divest Instagram and/or messenger? This topic reminds me very much of the late 90's.

Fox could be some of the best value in the market right now, especially at his size. Mostly exposure to DIS, which is decent on its own, but because of the collar you don't take much downside risk. Plus, the standalone stub is getting valued based on estimates of segment EBITDA, when they also a bunch of real estate that is very valuable. There is also some option value that they end up getting a bargain buying the RSNs back from Disney for anti-trust reasons. Good stuff.

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?