CorpRaider

Look who dropped in amongst the listed analysts: Buddy Fox - Geneva Roth Holding Corporation ;D. I haven't read it yet. Should be good!

Wish they would sell subscriptions through itunes or play store or amazon digital sub manager.

You're right, it has really gone to shit lately. Maybe VZ will restore some glory. You can get a quick update on moves and similar scan of relevant breaking news using seekingalpha's portfolio feature.

Meh, I still believe VTV will beat VOO by 2%+ CAGR over the long haul.

Ditto also have no idea what price they will charge you. pass.

Die Columbia house with your "new paradigm". I agree that Amazon is becoming sketchy lately with all the marketplace offerings fulfilled by Amazon. Have to be careful not to buy some product purchased at Costco and marked up 3x just because it says prime. My only real interest in P&G at this point is maybe creating discounted COTY shares via exchange rate with beauty brands transaction.

Could P&G price at a 25 - 50% premium to them and ground them into oblivion if they were willing to take the hit to earnings for a year or two?

Happy birthday 'merica! :D

Happy birthday!

Man CS and BCS are like 50% of TBV. I like BCS' CEO. An old Dimonite, well probably not su much since I think he got canned. But still. I kind of like his plan.

C is buying back more stock at a bigger discount to TBV, so there's something.

I hear what you are saying, I mean what is HSY's business really worth if it stranded asset beholden to a trust where like three board members have been removed over the past several years for improper activities if I remember correctly. Then again, they are probably clipping what 25%+ ROE annual coupons, so I would never short it. I was closely monitoring MDLZ, hoping for some Ackman distressed selling or some fear about their massive euro exposure or something.

Hersh....oh, nevermind.

Twocities is right. He's right and you're smart, so eventually you will agree with him. ;D The more sophisticated analysis, should compare the cost of repaying a loan to a third party to that of the foregone capital gains/income (losses?) (character isn't relevant because the ordinary rate applies regardless) on the principal that is withdrawn from the tax deferred account in the form of a "loan". Of course you don't know what the forward returns will be ex-ante, but the "double tax" of the earnings in the tax advantaged account (whether generated by interest paid to oneself to maintain the fiction of a loan to avoid an immediately taxable distribution, or the gains on the principal in the account not so withdrawn and invested) is not the critical factor, but it is an easy rule of thumb to discourage generally undisciplined people from taking withdrawals (if I pay CS 5% of $1,000 or pay myself 5% of 1000, which will eventually be taxed at 25%...but what if the $1000 would have earned X% (or -X) in my VTI...)

Buffett's concern isn't the EU. The problem is the common currency. You can't have sovereign nation states with a common currency. One solution is a United States of Europe. Since Britain isn't part of the common currency, Brexit is not relevant. It doesn't solve any of the problems for Britain or the EU. You're right, the comments I've seen were mostly focused on how a common currency cannot be sustained long term in the absence of a stronger federal system underwriting said currency (I didn't detect a lot of concern on his part), but implied in this is the supposition (at least to me) that the common currency was not likely to endure, was a conclusion that the development of a strong European federal government is not (bloody) likely. It is interesting to me, for example, that German national officials frequently comment very authoritatively on definitional EU issues, including with the southern states and now with the UK. I suppose because they feel they are underwriting the project financially. Everyone else probably thinks they are abusing the system by continually arranging their affairs to run massive trade surpluses (allegedly, partially, because they can cloak their DMs at last partially in Drachmas).

I find it patronizing and overly simplistic to dismiss the result as merely a symbol of populism and revolt against the political elites. I don't think the Europeon nation states want to be one federalist nation. Anytime a little stress is placed on the system (financial or otherwise) this manifests itself. I think Buffett and many others have been predicting that the EU in current form is unlikely to survive indefinitely and this is perhaps the best way to take a first step in that direction (as opposed to a country which uses the EU leaving under financial duress).

Everything on my watchlist looks pretty orderly. Nothing even close to February lows. Ditto.

Watching BBC one stream online. Love the accents. They have a guy on a graphic of downing street and lines representing the votes are going to come in. The graphics are uh....amusing.

Seems like I remember in the 80's all this skepticism about causes of smog and whether car emissions would/could be controlled effectively without wrecking the economy.

The Commodore Vanderbilt biographies contained lots of interesting discussion about the canals and the superiority of the Nicaragua route which was preferred by the Commodore, but was basically thwarted by armed "filibusters" from the slave states in the U.S. seeking to set up a pro slavery military dictatorship in Nicaragua.

I really just think they've held on longer than the Soviets, because they were more willing to massacre their people. I mean if Gorbachev was willing to pull Tiananmen Square, is there any doubt that Putin would be happy to wear red? Clearly Taiwan and Hong Kong have unleashed human potential much more efficiently and on a far greater scale. That will probably register eventually.

Feel like Taiwan and Hong Kong should be exhibits a1 and a2 in your analysis...

On my to read list. Liked his presentation at Ivy on youtube, especially his humility regarding forecasting and the conclusions he put forward (he is, after all, largely drawing upon a sample size of 3; if I understood his presentation).

For the buying if to crash: LRE.L DEO UL AGK.l

Nice. I've got a limit order in for some IEUR (with a large portion of the index is devoted to the UK ~ 30%) at Fido, where that is a NTF option and will be looking for dislocations real time.