sleepydragon

Me too! (On GD)

Not sure what you're looking at (perhaps dividends are being included?). Morningstar has it at basically the same value now as of 5 years ago. yeah, it's strange. I am looking at the chart on Yahoo finance under ticker SEQUX. I think you might be right, maybe it's the dividends and capital gain distribution. If you invest in the fund, you are basically on hook for unrealized appreciations of 40%. So it seems it would make no sense for someone to invest unless you are doing it in an IRA account?

what does everyone think of buying SEQUX at this level? The chart on Yahoo Finance looks awful. It's still 50% lower than 5 years ago. Is it a good buy compare to AKREX?

Charlie and Warren are not taking any chances. This is good! I would prefer them to take this virus seriously.

A bit of BAM and VNO

ADP and DIS

Bought Googl, fb, tjx, dis , ea

sold some PM to fund JPM debating if I shall sell WFC and buy BAC

This seems to be a play on endless QE obviously. Silver traded way up in 2010-2011 after QE2. Tempting for gamble. Silver is an interesting idea. Like gold, I think it’s very misunderstood. It’s an asset that people don’t have much use for during times of monetary stability. And it isn’t a good hedge against steady inflation in a fairly stable monetary environment; I’d much rather outpace inflation by owning businesses that grow over the long run. The price of silver, to the extent that its driven by non-industrial demand, is very psychological. Thus, it seems to be a good hedge against a very specific kind of risk: a loss of faith in the currency/fed. If you think that such a risk is not being appreciated by the market, owning silver could make sense. Precious metals are “things” that can’t truly be valued, and this explains most value investors’ aversion to them. All of the arguments for owning silver are really the same whether it’s 15 dollars or 100 dollars an ounce. At the same time, precious metals are ridiculed by much of the public; pension funds barely have exposure, if any; retirement plans don’t offer it; and most financial advisors would probably laugh at you if asked them about gold. And, until recently, a person would have needed to search for fringe articles on the internet to find a pro-gold perspective. All of these things lead me to believe that metals are probably under owned. I will add there is no silver mines. Silver are produced as a by products from other mines. But I have no positions.

WSJ has reported that WEB would not speak to press until May.

Added Brkb

NYTimes: Private jets donated by Warren Buffett’s company. Special approvals from two governments. And a frenzied trip to China. That’s how far the Mount Sinai Health System went last week to obtain N95 respirators https://www.mountsinai.org/about/newsroom/2020/one-hospitals-furious-scramble-across-the-globe-for-masks-itn

WFC

I would avoid it. Anything in hydrocarbon exploration and drilling is going to get fucked. But over longer term this price is not sustainable. Saudi and Russia will have to work out something so everyone can win. If OXY issue more equity, they might be able to survive. Or now Icahn is on the board, they may sell it to a bigger company— maybe Berkshire? I am a newbie in this. Not much insights. I bought some OXY but it’s not a big conviction holding. Might be worth looking at the bonds ranking ahead of BRK’s $10b preferred stock. From memory I think the debt maturing 2022 was selling for 60c.

Is OXY a good buy here?

People in NYC are still walking around without mask A lot of People in grocery stores, none had mask and only some wear gloves. Home Depot is packed with people.

Of course this is a buying opportunity if you have a 5-10 years horizon. No idea about 6-12 months but you don't need to care because you are not managing other people's money and you have no need to compete and beat others on the external score board. My prediction: I don't think we are heading into a long recession. Mkt will hit new high by year end. I have become 100% invested during the last two days (this exclude the money I will need for 1-year expense)

OXY and BKNG

Yesterday: TSCO and SBUX Today: GD and PM

How’s performance after transaction fees?

Got more Brkb at 171.14

Brkb, jpm, bac, sbux, bkng, tsco Down to 10% cash now.

Added BRKB and also TSCO.. With people wfh, maybe more will start raising chicken!

Halt again 20 mins before close?

Put in my bid of brkb at 172, google at 840, jpm at 77. None got filled!! My wife says: you are so cheap! Lol