CorpRaider

The oil bugs all stepped out for a drink after yesterday's action.

I dunno. I sort of liked Snowball more just for the detail but recently re-watched a talk Alice gave at UVA and she said some seemingly off stuff like Charlie Munger is "purely a social friend of Warren's", when asked about his role at BRK. It also seems like WEB has sort of cut her off; didn't see her book listed on the annual meeting handout this year for example and her book sort of makes some pretty big psychological analysis type leaps, especially for a former insurance analyst. Basically, seems perhaps a little too opinionated for a biographer. Lowenstein has been around a long time so he's probably got more depth of knowledge about the man.

I enjoyed that. Seems like he's trying to continue to learn and improve by refocusing on some quality.

ok, ok. I missed the dividend one.

Personally, the selected sample period of 1/3/2010 to date is not one which I would expect to reflect well on skilled value managers with a good process.

Guess you thought it was worth the $20?

Is that the cost basis for the original Heinz investment? Wow.

I definitely believe that.

I assimilate information like Keanu Reaves, whether as NEO or Johnny Pneumonic (weird type casting there, eh?).

Nah. Boomers gotta' get some money for their alpo. Maybe its a detroit thing. Do you guys have power and water?

;D

http://www.bloomberg.com/news/articles/2016-05-18/bank-stocks-are-having-a-big-day

Right. I was just curious what type of chairs people use, etc. The zero gravity programmer chair would be an option that would achieve that but it would be kind of ridiculous. Maybe a larger beer belly to prop materials up higher? ;D

Do any of you without Bloomberg terminals subscribe to Valueline or Gurufocus or Morningstar?

Probably just like the real election. What, Romney got blown out? But Fox News and my uncle said...

http://blog.alphaarchitect.com/2011/07/09/taxes-are-more-important-than-alpha/

DIS EL MDLZ (or KHC)

How do you guys and or Warren and Charlie (if they have commented) set up for all your marathon reading? My neck kills me. Do you have one of those reclining zero gravity programmer chairs or something?

Are the 3rd and 4th Poorvu books sufficient? It looks like the first and second are out of print and would have to go used (which is ok but no prime shipping and no kindle) at least on amazon.

ARCP? I think a few around here were pretty enthused about it prior to the blow up, if memory serves (I'm long VER but from ~ $8). I guess a lesson there is common to VRX; avoid debt fueled massive roll-ups with shady (well known in Schorsh's case) CEOs? Energy stocks....what are you going to do? Its in a commodity space and that happens every decade or two. If you don't profess to be a "quality" investor you probably knew that you could have a rough couple of years. The P/B guys also got smoked in the financial crisis but they were all rounding back to form by 2014.

I read op as getting at the bond allocation. Bogle has some rule of thumb about your age in bonds minus 30 or something like that. Personally, I figure I might stick around 70-30 or 80-20 when I'm retired, assuming a 4% withdrawal rate that is like 5 to 8 years in spending that I would have in intermediate treasuries (not counting any defined benefits) and I could rebalance via my withdrawals in a crash scenario while I waited it out. I figure I don't want to get too conservative with inflation in healthcare costs being insane. I could see doing 90-10 if I was going to be like Astrid, with millions and living like a middle class, Midwestern gal. I'm sure Mr. Buffett will be comforted by my concurrence. ;D

I agree with the magical fox. WSJ is now like >50% stuff I don't care about or find offensive that they would presume to opine to me upon. Honestly, I would probably sign up for some of their promotional rates, but they make it difficult to cancel if I'm not feeling like I am getting good value. I still take Barron's although often times I just scan through it. Fortune has an article that interests me about once every 3 months. I get Bloomberg BusinessWeek as well, but generally just peruse it. Sometimes it has awesome articles but I've usually already read them online. FT doesn't deliver paper where I live and not sure I would pay that much unless it was like superb U.S. coverage with a lite version of their excellent intl coverage.

Apparently health insurance premiums were flat to falling for the 30 years prior according to some. What's best for our allies is Americans fighting and dying in their various proxy wars (potentially even while a large portion of their society funds terror attacks against us) or otherwise paying the price for their defense while they enjoy lavish social welfare states. I have no problem with being more thoughtful, rather than continuing to "lead" that way.

Not as interesting a question as whether Coke gives you diabeetus?

In 10 years time he may be judged as amongst the GOATs.