CorpRaider

Yeah the nationwide network of superchargers is just marketing. Yes, people can copy them...derp...they open sourced their IP/donated it to human kind.

Zero people who want a model 3 would substitute with that volt. Zero. Maybe the charger network is a point then again his philosophy is that the big entrenched companies with vested interests cant or arent changing so hes going to disrupt and perhaps bankrupt the fookers. Elon musk is preeminent in the minds of some of the best engineering and automotive design talent in the world. Thats at least one huge competitive advantage. Why do you think von holtzhousen works for Tesla? The lack of the anticompetitive and corrupt dealer cabal is another huge advantage. None of this means Tesla is a good investment but if you dont think hes going to impact the legacy guys with their crappy cars you are delusional. It might mean don't do anything stupid, like having a big chunk of your portfolio in the industry's legacy players. Capital is pouring into that industry and will be for decades it seems. I mean apple and freaking google, not to mention the Chinese, are coming too. Even if Elon blew through all of his capital he could just take the remnants of his company over to google and do the same thing on a lesser scale with his buddies over there. They already had a tentative deal to buy him out once during the financial crisis and they can throw a wall of cash at the industry for a long long time.

Finally finished this one. I really enjoyed it. It was something different and was a delightful read. I'm really looking forward to "pulling the thread" of the list of books in his library at the end as well. Thanks to Guy and William Green for writing the book.

Kind of a no brainer because he would have maintained a 25% performance incentive fee versus like nothing in compensation ($100K and a use of a jet).

Yeah, is it just my reading comprehension or did you take away from the article that the strategy, in live performance, actually had "failed to crack the PE code" in almost complete contradiction to the title?

I like the way I heard Greenblatt put it one time. Something like investors pile into stocks when they are up a bunch and they pile out when they are down. Similarly, when an active manager has out performed recently, investors pile into their fund and then when they invariably underperform, investors pile out of the fund/strategy. For most people he recommended an index fund because with an index fund at least investors have half as many opportunities to make bad, performance chasing decisions. hah!

I like him and his process a lot. I think open end mutual funds are walking dinosaurs, however, and will almost certainly never own another actively managed open end equity mutual fund (barring massive changes in the taxation of RICs and total overhaul of the in-kind creation and redemption process). Just the cash drag alone from having to try and anticipate redemptions is a pretty huge disadvantage.

As far as I know, value line's company specific reports are just the one page tear sheet info. They have the same information presented differently on the site. There are also like industry summary information and you know summaries and indexes and whatnot but I don't believe you can call up like buyback information. I like it. Morningstar and Gurufocus are two others I would add to your list to check out.

For like societal benefits/balancing long term interests? Probably Elon Musk's Companies; GOOGL; Whole Foods; SBUX; CREE...heard some interesting stuff from Carlos Slim lately but know enough to opine on how he runs his businesses.

Hah!

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).