CorpRaider

Love Ackman's logic; He won't screw up because he doesn't want to (anymore?).

Yeah, I mean I think that had an impact but he won the regan democrats because of his tough talk on jobs and trade and the stresses remaining from the financial crisis. We will see if he can deliver. Not sure how he's going to make them competitive against robots. Hopefully we don't think thin out this oversupply of labor and quench the thirsty populists like we did after the great depression...

Wow. Look at those treasuries.

Hot.

So, caught the interview. It was pretty ok. Always love me some JGB. Consuelo seems to be slipping somewhat lately. Lots of just general "market" questions.

Either that or perhaps they were confused about how to vote.

HAHAHAHAHAHAHAAAAAAA!!!! HA!

"This board is terrible now, and this is a prime example of why. WTF does this have to do with a Joel Greenblatt or investing at all?" Liberal use of the ignore list feature may be in your future.

WETF, scaling in mind you. ;D

"That's why I thought single payer was a much better solution than the crap we had now. Everyone gets reasonable health care access. A specialized care may get worse but I think we will save on the unnecessary surgeries also. Also limit the patent duration and all these dirty tricks like mashup,alternate delivery and purification. Another scam is the drug industry/doctor cartel. Years ago I dated this girl who was a medical rep. She had zero idea about what she was selling but damn she looked really good. Her job was mainly to take these doctors out on dinner. All these married geeks would fawn over her and then the account rep would "drop by" and talk business." Every time I go to the doctor like three different pharma reps come in and go back to kiss ass/bribe waste time and resources.

Can you think of nothing? Truly?

I think they will get no/low tracking error and will not, therefore, be disappointed. Will the dollar weighted average performance lag whatever the strategy is? Yeah, probably. But investors who have given up trying to outperform the market via security selection will probably be less likely/tempted to try and outperform by market timing. Greenblatt has stated this idea well and has been quoted elsewhere on this site. Something to the effect of only one branch in the decision tree so less opportunity to screw up (by piling into/out of strategy/fund at wrong time and piling into/out of market after period of strong/weak performance). I also think RPV, fundamental indexes and maybe even IUSV will probably kick most of our asses (mine included) over the long term.

Damn. He David Winterized him.

Liberty, congrats. Thanks for sharing your story. RB, Trump seems really happy to you?

Yeah, sorry I was more clarifying for the guy who quoted me and then discussed Berkowitz' theory of Lampert's development of SHLD as a vehicle. Thought we might have crossed wires there. I'm sure there's not a lot of love for JOE but at least they aren't getting Amazoned with a legacy pension hanging over the head. I was reading John M.'s Manual of Ideas book the other night (finally) and he's got some stuff in there about how (listed/tradable) rights offerings are the fairest way to raise additional capital with respect to the existing shareholders, which made me think of SHLD. I guess if you have to plow more capital in, it is better than the alternatives. Their moves into the debt structure give me great pause when considering the equity. Also, find the lending/participation from Gates' entity/foundation interesting. I think I'm just going to wait and get some SRG ~$35 when people freak out about rates or trump or whatever.

I was talking about Bruce not Eddie. But I was definitely watching for some evidence of that thesis but I don't/haven't see it playing out. Some would probably focus on the "allocation" into the sears logistics or auto or whatever, but really to me that just seems to be a way to try and use the assets in the (crappy) business to survive similar to Buffett putting in new capital equipment after having a few decent textile quarters. I suppose he has also tried to license the brands with very limited effect, but seems to me he's planning to plow it back into shop your way and ever ready tires and new store formats and ugh. Was going to go back and look out of curiosity but likely someone on here recalls off the cuff; how long did Buffett f around with the textiles before diverting some cash to a better business? 4 years?

Yeah, what's wrong is when you send shareholders a massive phantom income hit and throw in a little vomit inducing return number they are probably about as likely to leave capital in your funds as they would be if you kicked them in the junk. One really could see him imploding like Marty Whitman's fund did. He really needs to just take over St. Joe and run it as his vehicle. If he only charges $200K per year, I would be enthused....but his art collecting may slow.

You guys pay for CNBC pro? :o

yeah thanks a lot for sharing. I subscribed to the channel.

He took quite a haircut. ;D

Someone could intellectually masturbate so furiously that it caused an ion storm which interfered with the electronic trading and caused a huge 5 minute flash crash...just saying. ;D

Sounds more like something Munger said fairly recently, but I don't have a quote or source. He does tend to "rift fantastique"/bullshit a lot more than the big chairman.

He gets a lot of love and fame too. I've pretty much decided to divert any (modest) ongoing charitable/religious giving to his ventures. I think he will do a lot more for the benefit of humankind with capital than almost all charities and religious organizations.

LA Times testdrive review says legit range on highway test. This actually looks like a nice little RAV4/CRV killa'. Good for GM. Way to put it out there and try to innovate guys. Maybe they should work a deal to get access to Tesla's charger network.

Well he was doing Caddy commercials before that for the last year or so. Seems like Tesla is more likely to first gut the Germans than the less luxury focused American and Japanese automakers.