sleepydragon

http://www.investopedia.com/articles/retirement/08/borrow-from-401k-loan.asp I recently took a 401k loan to finance a new car. My first option would have been to pay cash. but I am fully invested in stocks and I would have to sell stocks (and pay capital gain tax) if I pay cash. I also didn't want to take a car loan because I am buying a house and that would hurt my credit score. I also need the cash for down payment. So I thought this is a good time to use 401k loan. After all, you pay interest to yourself and the only thing you lost is the potential tax free investment gain and the double taxation on the interest, and the market could fall too. In addition I plan to pay back the loan within a year so I don't lost too much.

are you guys sure? I think you pay the interest to yourself.

the whole argument is ridiculous. Shall investors stop owning auto stocks because they are polluting the environment? Shall we all walk to everywhere? Tobacco company is totally different from coke. One is addictive, harmful with a singal usage, another one is not addictive and people have a choice.

But what is the Total book value. Is it: 15.5 billion / 6.4% = 240billion? Is so, the mktcap is 330 billion. It seems a much bigger gap than the per share numbers? Your calculations makes no sense. Total book value is equal to total shareholders equity ex. non controlling interests [M USD 255,550][Annual Report p. 37] The missing piece of his calculation is that 15.5B/6.4% = 240B, but that is the starting point for last year, so you re-add 15.5B, which matches your number. thanks!

But what is the Total book value. Is it: 15.5 billion / 6.4% = 240billion? Is so, the mktcap is 330 billion. It seems a much bigger gap than the per share numbers?

I see. thanks! 1.2 * 2015 Book value = 186601.2 The 52 weeks low of BRKa is 186,900.00, or 0.1% higher. wow!

"Berkshire’s gain in net worth during 2015 was $15.4 billion, which increased the per-share book value of both our Class A and Class B stock by 6.4%. Over the last 51 years (that is, since present management took over), per-share book value has grown from $19 to $155,501, a rate of 19.2% compounded annually.*" Something I don't understand. 15.5 billion / 6.4% = 240billion. Doesn't that give me the book value? But it seems not right when I compare this number with the $155,501/share book value in the above sentence. Could someone please explain to me? :) Thanks!! He also says: "Last year, for example, book-value performance was superior". So 6.4% is superior?

"Berkshire’s gain in net worth during 2015 was $15.4 billion, which increased the per-share book value of both our Class A and Class B stock by 6.4%. Over the last 51 years (that is, since present management took over), per-share book value has grown from $19 to $155,501, a rate of 19.2% compounded annually.*" Something I don't understand. 15.5 billion / 6.4% = 240billion. Doesn't that give me the book value? But it seems not right when I compare this number with the $155,501/share book value in the above sentence. Could someone please explain to me? :) Thanks!!

PM SBUX AXP DVA BRK.B

CALL is dirt cheap. More than 50% of mktcap is cash

Check out CALL. 70m cash, no debt, generate 25m cash flow Per year. Mktcap is only 124m.

FAST

More brkb, dva, jpm, unp

I read a hedge fund manager spent 30k and won the jackpot

About 15% despite brk and ibm is more than 50% of my portfolio:)

I dont have kids yet, but here is an ideal i thought of: Setup a partnership between all family members. Each year u put some money in for u and your wife, and also put in 10k as gift for each child. The children can put their money into it too. This include the money they earned through part time jobs. Whoever need to withdraw money need to get approved by all partners, and you can only do it once per year. The advantages of this setup is: 1. You give ur children 10k tax free per year very early on 2. You encourgae the children to partipate in managing their money early on. 3. You encourage the children to work, earn money, and learn from a young age saving is important. You can pay them to throw up trashes, wash dishes, etc, so they earn money toward the partnership. 4. You have a control/say on a significant porton of your kids' money by the time they are in college. Most importantly, you get to use this money to play in the stock market :) Again, i dont have kids yet, but i thought this might work? :)

DVA is trading at around 10x pretax earning.

Loads of DVA today, and UNP last Friday. I used up 80% of my cash during the last few days. No more trading for the next 6 months for me. (But if mkt correct more, maybe i will all in:)

I bought load of UNP and some SRG

FAST

Brkb, jpm

EDU and BRK

BYD - Wang Chuan Fu

So they were at strong buy at $10.82 but a strong sell at $9.71? http://www.zacks.com/stock/news/159098/blackberry-limited-bbry-an-offtheradar-potential-winner

In 2008, I listened to a wall street trader friend of mine, and didn't buy AXP at $14. The rest was history... Somehow AXP is misunderstood by many investors, including myself. Visa/Master are actually technology companies, and AXP is a financial company. And thus the PE differences - maybe? AXP has been losing card members to Visa and Master because there's a trend that stores issue their own Visa/Master cards and give customers more rewards directly. AXP boost about their customers service etc.. but I found their customer service is not really that good (two cases for me when I couldn't get refunds for purchases) But maybe AXP makes money from people different than me. I know someone whose wife get her American Express bills in a form of thick book, and there are chapters in it, every month! And of course, they use the $400 fee/year card. I bought a lot of AXP recently. I think it's just getting too cheap, especially after the headlines of losing the Cosco deal. Hopefully this is an catalyst for management to do more. I also noted the Buffett defended AXP on CNBC. He said Berkshire had already hit the limit of the percentage of AXP they are allowed to own. I found that's interesting: maybe Buffett might have added if they could.