dealraker

Out of the extra EWBC by 9:31 this a.m. Not my thing to trade, but the trade was right there.

I've owned the stock since IPO in 1999 and in the past knew the officers and board personally, not much any more. The customers of this bank are both loyal and stable.

EWBC is in the heat of it- fell 20% today after falling previously. We will see, time will tell. CATY has been relatively stable.

Had a big zero interest whatsoever in buying more EWBC but the quote fall looks beyond rediculous. Either I'm stupid or the market is. We will see. 03/13/2023 Buy 7,000 EWBCPopup EAST WEST BANCORP IN @ $51.1938

Bought more Truist today.

Compensation should be delayed. You're getting paid on your own estimation of profits years into the unknown. If this is your chosen model then make it dependent on the outcome of that model not some make-believe self-serving garbage that just happens to exist for a few quarters.

Yes, simply yes.

Well one of the things that stands out today is the eloquent writing of those sensing some major catastrophe as is evidenced with our COBF "Is The Bottom Almost Here?" thread. If it isn't worthy of being labeled as a broad financial crisis then these bank stocks should do quite well I think. I had bought some BAC at $33 a few weeks ago and added some below $30, then added a some TFC. These are tiny compared to my CATY and EWBC holdings from decades ago, but they do count. I think the odds are with solid banks being good investments.

Bought some TFC, Truist. Have a tad of insurance broker rev/inc in the mix. 8% selloff, guessing a bit too much... ...but what the hell do we know? LOL.

Ah ha! My first co-owner of CATY! CATY was written up in Outstanding Investor Digest in 1994 and it was beyond incredible to read. The bank was earning almost 20% on equity selling for book value. There were earthquakes, recessions, fires, OJ riots, etc. knocking stuff all down and around. All while the east coast banks, small banks, were earning 10% of equity and selling for 2.5 to 5 times book value based on Eddie Klutzfield (Crutchfield) being willing to pay up and flush all the equity and expenses down in a one-time charge such that "I can pay 5 times book and make it all work out." So Eddie at First Union went through 20 years of no book value growth (those flushes...ya know) and eventually was "earning" (fake earnings, fake ROE) 30% on equity (there wasn't any equity). Ole Buffett once said, "Librarians read financial statments; investors need to know what the figures mean." 30% on equity for First Union was just 30% on evaporation.

BAC for me.

I'm just waiting for the guv debt default scare to wash through. Yea, all these are mini's. 100% in gold (in my dreams).

Dinar...had forgotten about this one too as to Berk in another account: 02/27/2023 03/01/2023 Purchase select to view PDF of trade confirmation show activity detailsBERKSHIRE HATHAWAYINC DEL CL B NEW ... BRKB 315 $305.77 -$96,318.09

Fantastic story Castanza and yea -- why would anyone think otherwise as to the likely culture. My family owns the land where Buffalo Bill Cody's Wild West Show train wreck occurred on the Norfolk Southern (then Southern Railway)- adjoining Swearing Creek, Linwood, NC. It was essentially the end of his run, Annie Oakley never really recovered. https://www.ourstate.com/buffalo-bill-wild-west-show/

GATX - further development as to Ohio: https://seekingalpha.com/news/3943945-gatx-owned-railcar-implicated-in-ohio-derailment-wsj

Interesting as to maintenance that may affect liability: https://www.theguardian.com/us-news/2023/mar/03/us-rail-workers-east-palestine-ohio-train-crash?utm_source=nextdraft&utm_medium=email

Messing with Angela's parents trust money again a couple of days ago. I know, I know...a few here who I totally respect are thinking "not too smart dealraker"--- but for me old habits are hard to break. 03/02/2023 Buy 100 LOWPopup LOWES COMPANIES INC @ $194.3561 -$19,435.61

All the successful business owners both large and small around here have signs on the door: FOR SALE! 4% BONDS ARE OUR GOAL! And the guests on CNBC are increasingly not SAAS investors or Woods types but sold-out-of-stocks people seeking addtional funds for fees. "SALE NOW AND RUN TO SAFETY" is the chant, the underlying "you can't make it without me" is of course obvious. Bruce is on the same relentless path: Cover-up the bad, show-case the good. Life today "in plain English" as we state down here in our state.

Dinar I bought a small amount of VRSK in 2010 for my wife's account. A sound business it seems...with a probably deserved valuation.

Given that I began this thread complaining about the NSC derailure? This indicates why I diversify, my knowledgable brilliance shines based on the first chart. LOL! Again, when you look in the mirror and don't see Warren...then you aren't Warren. https://www.washingtonpost.com/nation/2023/02/28/train-history-charts/?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWJpZCI6IjQyMTM3MTQiLCJyZWFzb24iOiJnaWZ0IiwibmJmIjoxNjc3NjQ2ODAwLCJpc3MiOiJzdWJzY3JpcHRpb25zIiwiZXhwIjoxNjc4OTM5MTk5LCJpYXQiOjE2Nzc2NDY4MDAsImp0aSI6ImY3MGE4NzM0LTk2ODYtNGQ3Zi1hY2M2LWE4YjAxNGY2NDc2YyIsInVybCI6Imh0dHBzOi8vd3d3Lndhc2hpbmd0b25wb3N0LmNvbS9uYXRpb24vMjAyMy8wMi8yOC90cmFpbi1oaXN0b3J5LWNoYXJ0cy8ifQ.1lFK3tPUbMpoamiLeGzpzRXY1bAqoGqmIFqTrQvTmIQ

And held my nose for her account on this one: 03/01/2023 Buy 125 NSCPopup NORFOLK SOUTHERN COR @ $225.7099 -$28,213.74 Dinar, I make no sense to myself or anyone else sometimes. As usual I'm investing where I think I have almost no chance of losing over time - and thinking the so-called upside will as they say "take care of itself" and such. To some degree I think AJ Gallagher has the probability (odds) to do better than Berkshire while Berkshire has more odds not to be derailed by some future competition model (than AJG).

...and... 02/27/2023 Buy 445 BRK'BPopup BERKSHIRE HATHAWAY INC SERIES B NEW @ $303.7299 -$135,159.81

For Angela's taxable account a couple of days ago: 02/27/2023 Buy 90 AJGPopup ARTHUR J GALLAGHER & CO @ $184.8999 -$16,640.99

I liked the brevity of the letter this year. The annual meeting will be great as always.

Buffett has been considered old now for 30 years, many think far too old to be hanging in there. In some ways I don't disagree with this. Buffett's letters have too greatly disappointed many for 30 years now as apparently he wrote things at some point long ago that stimulated people, their first dose...the one they remember and want more of. Ahh...the older we get...the better we were! I just can't wait for the next CEO superstar to be called "the next Buffett" and such. Or to watch the obsessed upon tech stock that slightly falls and we all buy more and more of, you know the ones that 20 years later have no returns. Isn't all of this the same thing? Life is great...if you can stand it. My cyncial side this a.m.