peter1234
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Posts posted by peter1234
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Buffett sent him a brick ;)
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Thanks for the links!
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excuse my ignorance?what's the title of it?
Of Permanent Value by Andrew Kilpatrick
Everything and more you ever wanted to know about Warren Buffett and Berkshire.
:)
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There was recently a Valuewalk article where Whitney Tilson was discussing bill ackman and valeant. Basically there was a quote where he said buffett is the best one at marriageing humility and arrogance.
Anyone know what im talking about?
It is in the pdf
http://www.valuewalk.com/2015/11/berkshire-hathaway-50th-anniversary-symposium/?all=1
:)
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Shoots, haven't read through this entire thread yet. Been away and forgot about it. I should apologize to anyone offended by this post. I posted this topic without much consideration, and I was pretty drunk to boot. After reading it, I realized it was an asshole thing to do. Again, apologies to all those offended.
Besides, we all make investment mistakes. No one is perfect, especially in this game.
Anyways, I'm starting to get interested in some of the oil majors. I am going to peruse all of the oil threads again. But, do you guys think dividends will get slashed if oil stays in the 40'ish range for the next 10+ years?
I thought you started a good discussion.
:)
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They usually overstate free FCF.
Unless they give you their numbers, you will not be able to recreate.
???
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Here is one:
Walt's Revolution!: By the Numbers
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I bought Sunedison (SUNE).
Bring back Ballmer!
I second that!
I am thrilled he finally got his well deserved retirement!
;)
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I want to buy the book. Should I get the regular or illuminated edition? Are the annotations insightful or did it distract you?
I liked them, there is no downside in getting the illuminated edition.
;)
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Back to the general topic. I understand that Yahoo is messed up as a company and therefore Yahoo Finance is messed up. I don't quite understand why Google, MSN, etc. would not replicate Yahoo finance and its features. Not enough demand?? Isn't financial pages advertiser honeypot? You'd think Yahoo Finance (and similarly Google/MSN finance) would be one of the top properties on the web...
It's bizarre. I've been wondering myself for years why Google Finance didn't just zoom past Yahoo! like it did everything else.
I always wondered the same thing. Now I'm wondering why Yahoo would remove the one feature that differentiated it from all of its competitors and made it useful. Bizarre indeed. I don't get it.
Why would a company try to upset their remaining customers? Don't think it will save them money.
???
+1
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I asked myself this question quite awhile ago and couldn't find satisfactory professional/institutional examples. Peter Lynch first came to mind, but he was too eclectic. Interestingly, there's not much on Philip Fisher's actual long-term returns.
Maybe Claude Shannon? From the "Shannon's Portfolio" chapter of Fortune's Formula: "We've been involved for about 35 years. The first few years served as a kind of learning period--we did considerable trading and made moderate profits. In switching to long term holdings, our overall growth rate has been about 28% per year."
I thought Shannon's returns were all due to large Teledyne holding.
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I think Wintergreen is a Wealthtrack sponsor.
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A billion here, a billion there, and soon you will be talking real money ... ;)
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Thanks, great article and observations.
:)
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Don't know the specifics here but thought it was a regular spinoff on Form 10.
Stub changes name to Tegna, spinoff becomes Gannett.
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In general, when an issue splits, your call option will be a call on the basket of the stub and the spinoff, just like it was before the spinoff.
Only there is a little bit more math involved in adding the stub and the spinoff in the right proportion.
You will probably find examples on the web.
Here is Packer's nice explanation from 'Re: Call Options - Post Spinoff'
The strike price remains the same you just have an option on the package of new securities in the proportion existing shareholders receive new shares. For example if you had a $100 per share stock price that spins-out a $50 per share newco and existing shareholders get 1 share of newco for each share of oldco, the oldco price will decline to $50 and new co will be $50. The option will be on this package of securities (1 share of newco and 1 share of oldco) for the original strike price. If the parent splits its shares the option strike and number of shares are adjusted.
Packer
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Thank you very much for sharing!
:)
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+1
Relative value can be relatively absolutely dangerous.
;)
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Is it inevitable that we will have another bust or could things just slow down and self correct without a major bubble top and bust bottom?
;)
He didn't quite answer this about equity markets, but he addressed this in terms of bond markets. He stated that in the history of the bond markets from 1850s or so, there hadn't been a serious crash of any sort in the bond markets -- nothing on the level of equity markets. The worst dip he could find was a blip during 1982 when Volcker hiked up interest rates severely to break the back of inflation -- and even then bonds dropped 12%. Shiller thinks that Yellen is unlikely to do more damage than Volcker.
Thank you merkhet!
:)
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Is it inevitable that we will have another bust or could things just slow down and self correct without a major bubble top and bust bottom?
;)
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The book is just very long.
Some interesting thoughts, but might get message across better if it was only one third as long.
Agree, the Puts seem expensive, especially considering that they do not protect against slower downward trends.
I do not think that this is what he does at Universa.
Remember, Taleb worked as an option trader for years.
;)
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thanks for the audio JBird!
+1
Thank you Mr. Bird. Awesome.
:)
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Welcome To The New Site!
in General Discussion
Posted
+1