CorpRaider

Confirmation bias endorphins kicking in! I'm stalking THRX, probably being greedy and will miss it (like i did with freaking K); but hoping to get it in the mid 20's.

Is that the one with the palm pilot stylus?

I would note that they "shook Osama's hand" right in the middle of Pakistan, where the prior administration feared to tread. Wake me when the Russians put nukes in Cuba again or invade Mexico. I'm more interested in completing the evisceration of the terrorists in waziristan. If the Euros have a problem with what Putin is doing in Ukraine, we have lots of natural resources and arms we can sell to support our allies.

Would you choose ROTH if you were younger and expected your salary to go up a bit? Or if you just had a bad feeling about taxes in the future? This picture makes a good case for ROTH. We're pretty low on the tax curve, historically: http://www.ritholtz.com/blog/wp-content/uploads/2011/04/US-tax-rates.png There was another post where someone would do Traditional 401k, roll it over into a Traditional IRA when they could, and then roll that over into a ROTH IRA as they pleased, which let them control how much taxable income they'd have for that year. Nah, I prefer to defer unless you're in a really low bracket. You can always convert to roth at the time of your choosing and in the marginal amount of your choosing via the rack door roth. Also you can control state taxes with ease. Why pay today what you can put off until tomorrow?

Yeah, I thought it might be that. EDIT: oops saw op was asking about priority of contributions. Yeah, I max out tax deferred accounts first.

I've been wrestling with the idea of just setting mine up like WEB has prescribed for Astrid's testamentary trust (90 S&P; 10% ST bonds). My 401K is limited to funds; no self-direction. I just want more justification for why he said the S&P 500, with no allocation to smaller cap stocks or international stocks. Could be, he prefers large, proven high ROE businesses, or maybe he is just trying to really make it a no-brainer.

He would have been just a millionaire (maybe with a few hundred million; maybe just barely a billionaire) living a quiet private life in Omaha, without the great networking skills. Also, lets not act like he came from the wrong side of the tracks or the middle class or something. When your dad is a congressman, you're kind of a big deal in omaha.

Best wishes to his family and friends.

I'm getting interested in this. I like the moves they are making, and they sort of give me comfort that they would rationally evaluate any interest from potential acquirers. Seems like worst case scenario, you get paid to wait until EM growth kicks in.

I am starting to do some digging on Gundlach and I wouldn't say he is doing macro. Since the credit crisis he has an almost barbellish portfolio that mixes non agencies (credit sensitive) and agencies (non credit sensitive), which can offset inflation and deflation scenarios. He also says he doesn't try to predict rates. Although, I think he will occasionally add an inverse IO or support bond if he thinks rates/prepayments have over shot and they offer good relative value. I am trying to look for a good HY fund (I'm thinking closed end to avoid redemption issues) to invest in for the next inevitable down cycle. May be semantics. My impression is that he's analyzing the various classes of debt instruments and their relative merit based on his predictions of the larger trends everytime I hear him talk. For example he loves dollar denominated emerging market debt given the relative values and his predictions for currencies, etc. I've heard him speak on t-rate predictions a fair amount lately, but he's usually contrarian and value based from a larger perspective, but what I mean is he's not going through and saying this intel or chesapeake bond is priced at X and I think the credit is going to hold up better than the market does or strengthen because of Y operationally, which is more akin to what Fuss does. He's an old credit analyst like Ben Graham (and myself). I have money with both.

Here here on Akre, wish his mgmt fee was a little lower though. Let me plug Dan Fuss @ Loomis Sayles for fixed income too. He doesn't do the macro stuff like Gundlach and Gross. Applies more of a credit analysis/value manager Grahamian strategy and has performed well. He is getting long in the tooth though.

Probably stopped off in Pakistan for refueling and nukes...

But you can use that winter time to put together your furniture...

All true. But I do think it is noteworthy that, as the original poster on Buffett's analysis of this issue pointed out, he had his $1.5MM (in today's dollars) at 26 without the benefits of OPM and determined that he could just run that and live from it (and probably still hit his goal of becoming a millionaire by 40).

PLUG weekly calls...just kidding! It is getting crazy.

You sure about that timing? Not that it really matters, but I thought that was after Graham Newman closed up shop and he declined to carry on with Mr. Newman (and his son?) and decided to go back to Omaha. I thought it was after this decision (not to just retire and live off his own capital) that he formed the first of his own investment partnerships with friends and family.

Mohammed, is that you? ;D I own zero total return, I prefer fundamental bottoms up value guys like Fuss. I do, however, like Ivascyn in corporates and Keane (the muni guy) and the short term guy seems good too.

Two words: transcendental meditation.

I just wonder why he chose the S&P 500 versus a value index or a smaller market cap index. I guess those are more likely to be high ROIC businesses...

Is this one better than "Keynes's Way to Wealth"? I had picked that one up on my "to read" list from somewhere.

It would be out of the box unless you view it as arbitrage, in which he has been known to partake. BP would be a guess if he didn't already hold the xom...

I'm sure energy independence will become the biggest priority in Europe, but significant LNG bandwidth is still years away. Until then, Putin has a strong hand which he is now playing. Yeah, I also read an article about them firing up coal plants. We've lots of that too.

We can step up the pace of preparation for exporting LNG to europe so they can really cut the Russians off at the knees if need be.

I wondered if that was the "english stock" Buffett was talking about this morning...

We landed on the moon!!! ;D