CorpRaider

A chauffer?

Frequency of posts might not always imply enthusiasm. In many of those cases it reflects debate and controversy. I think that is the case with many if not most of those posts. Some of the "compounders" have posts but there is not controversy about how to express the investment, for example, as was the case with BAC-WTA. Most of that thread is theoretical discussion about how to express the bet and why.

The Munger thing was a risk arb, I believe, back when no one did that and the returns were fat and easy.

Yeah, seems like you guys have all the signs. Maybe they are quasi-state entities such that you can end up with a nice Japan type slow leak over a decade versus a "pop".

I see a repeat to the north.

VBR or VOE.

;D No shame man.

Good stuff. Returns on capital even.

A measure of my allotted time upon the earth.

Maybe.

Yeah, good read. Checked it out this weekend. Koster's blog/links is amongst my very favorites. Interesting thoughts about ROICs and profit margins and the impacts of QE.

Because Stevie Cohen, et. al. are out there and their activity is reflected in the price signals? https://www.amazon.com/Black-Edge-Inside-Information-Wanted/dp/0812995805

Costs. Matter.

I will say that at least he didn't change his bogey index to the total market or total developed market. He probably would be more justified than some since it looks like he's 50% ex us.

Hopefully this won't contribute to the sullying of another thread with useless idealogical dribble, but it's not even in the same hemisphere with grab them by the pussy, not to mention the decades of work Buffett has done in service of women's issues.

Clever joke. If he said the lady meant yes, I would have been offended.

Yeah, hopefully I made it pretty clear most of that was my inference. I mean can you see WEB or CTM admiring a guy who launched multiple "tracking stocks"? LOL. That would be like them spending a weekend with the guy who was going to create the trusts to hold Berkshire stock before they issued class B.

Herb Wolf: http://blogs.wsj.com/moneybeat/2017/02/28/warren-buffett-this-is-who-i-would-have-picked-to-manage-my-money/

Yeah, mainly doesn't like the origins of the businesses because it was/is kind of scummy based on getting the cable franchises, feels he's a tax zealot, and (me talking here) let's be honest he's probably one of the biggest proponents of alternative metrics (like ebitda) which is partly used to enable his use of massive leverage and obfuscate the nature of the huge capital investments. Also, in my humble opinion, one should not be surprised that the would not automatically like/admire the largest private landowner in the U.S. or whatever, or someone who engages in all these corporate transactions and tracking stocks to "highlight the value".

No, but you can watch the entire thing on youtube.

Anyone know of any articles or books or whatever about Herb Wolf? I have of course read the quote in the Snowball about the gold haystack/quality. Also, "you think like a CPA!" ;D

Really enjoyed all the videos especially the after party.

I didn't catch the portion where he spoke about how much harder it is now. Munger said kind of the same thing at DJCO, but he made it pretty clear that he was referring to the fact that they have huge amounts of capital to invest now. Can't wait for someone to put the whole thing on youtube.

cheap side of fair, actually.

Pretax CAGRs: 10 Years (as of 12/31/16) VOE - 7.67% VBR - 7.77% RPV - 7.69% VIG - 6.96% VTI - 7.23%