sleepydragon

I didn’t know this. Will ask my broker. Thanks!

Sold MON. Bought some BNY and added a TON of WFC

It’s a good idea, but given u would have to pay short term capital gain taxes in theses trades (IRA doesn’t allow this), probably not worth it.

Oh yeah! My brain will get a good upgrade :)

my only concern is if rocket financial is developed by an active user here in the forum, so he/she may use my watchlists to see what stocks I am looking at.

You can’t diversify the flood risk and only people in flood zones will buy. So no private company want to sell insurance without govt help

One way to hedge against global warming is to make sure your house is located in high elevation neighborhoods. When the once per 100/50-year flood comes and destroy all those houses in low places, your house will worth more. This is what happened in Texas I think.

One day I'm going to go to the Berkshire Annual meeting and ask Warren Buffett why he doesn't use screeners or Bloomberg which i think is kind of idiotic. I'll say something like: Hey Warren, stop all this amateurish stuff. When are you going to get serious about this value investing thing :) Web has a Bloomberg terminal!

I just switched to yahoo finance. It’s actually not bad, except a little bit too much media.

My guess is the new system will trigger more activities: user will type in tickers and search things. . More activities mean more data can be monetarized. They are probably not making money in the old version.

I couldn’t find the link in the 3rd step, is it gone? RIP Gfinance No longer works for me this morning. Guess I will stop using google finance now

I found one way to get back to the old google finance site: - go to google.com, search google finance - in the search results, click on the "Portfolio" link. - on the portfolio page, click on "google finance" on the top left corner. that brought me back to the old google finance site.

yes, same here, accessing using iPhone. I googled this. It's called "deep ip" method. Can't be fixed from user side. The fix has to be done by the maintainer of the web server.

Low

i think it’s most likely going to be a private company

Chick fill a is a big trump donor. I doubt they like Web. don’t like chick fil a too, food doesn’t taste that good anymore. Shake shack is better.

Another railroad in the US is not likely since they would cause antitrust issues. I don’t think that AIG fits what they are looking for. I think they eventually need to purchase foreign companies, maybe from owner operators that want to sell out and put their company under a nice roof. https://www.reuters.com/article/us-berkshire-hatha-bnsf/cp-norfolk-merger-would-put-csx-in-crosshairs-bnsf-chairman-idUSKCN0US2BY20160114

Another railroad. maybe csx? or MKL? DVA. or even KHC

Have you been able to beat the index over the last 10,15,20 years? Buffett’s argument that hedge funds in aggregate can’t beat index makes perfect sense to me. They may make money from each other, or retail investors who trade frequently, but can’t beat index investors who barely trade. On the other hand, I work in finance, so I sort of wished Buffett not saying these things for my own sake :) Please elaborate a bit about your line of thinking here, Ballinvarosig Investors, It would be much appreciated, thanks. Do I really need to go there? There is just so much wrong with what Warren Buffett is saying these days. For a start, he continues to beat the very worn drum that a basket of hedge fund, fund of funds will under perform an pre-specified index of his choosing. What's worse, is that he conflates that statement with the notion that all types of active management is bad. Not only that, but he states that in all his career (60 years plus of being in the market), that a maximum of ten people he has ever met can hope to achieve the goal of out-performing the index. It seems to me that he is in complete opposition with his previous teachings, namely that an investor with a small amount of capital has a very realistic chance of out-performing the market. John Hjorth - I take it that you are an adherent of the cult of Buffett? If you are a devotee, then may I ask, have you adopted the advice of your protegé (excuse the pun) and adopted the index strategy? From the recent statements of Buffett, I think it's fairly clear that the circle of ten people that he identified as having the ability to out-perform the market are extremely unlikely to be inhabiting this particular discussion forum. It seems to me that yourself and other adherents of Warren Buffett would do much better in your present investment strategies than to sell all your holdings and adopt index weighted holdings in the likes of Tesla and Snapchat, companies that truly represent the dynamism of American business (clearly, anything that is not American is abysmal by the standards of Buffet).

I think it’s a legal requirement that 1099 has to be provided by a date in mid or early February. Forgot which date. I got all my 1099 already. If u have no realized capital gain or loss than u won’t receive 1099

What in particular did you like? the bet, the part about switching to BRK stocks in 2012 also like the part about not using debt/margin, using BRK stock's 50% falls as examples. and the part about making less decisions outperforms

I have read all of Web's past letters for three times. I thought this one is another great one!

Since beginning of this month, I have been buying brk and twx

I have never considered myself as "left" or "right". Nor I judged people this way. I go by decency vs. indecency.

I am with Geico for decades now since I graduated from college. I also use Geico for my house insurance (they don't underwrite, just refer and handle billing). I was shopping for house insurance a few months ago and was able to find a lower price else where. But everywhere I asked I couldn't get a lower auto insurance than geico.