sleepydragon

DEO’s headquarter, which is in CT, is not far from the town I live. A couple of times I drove by, and saw helicopter was flying and parked on the rooftop. Seem they have a lot of money but possibly a wasteful culture.

My father in law was a smoker for 20 years. Then my wife educated him on the health effects. One day he just quit cold turkey. So it’s not that you can’t quit because it’s addictive.

My problem with MO get into vaping is that it’s a business with no moat, and they paid a huge price.

:o IDK, airlines kill people by accident, occasionally, but Altria does it on purpose every day. --- I still think Bucees would be a nice little purchase that could be expanded on. The one that just opened at the Baldwin Beach Express, near Loxley, AL, is huge. They prohibit 18 wheelers & they're mobbed up every time I've stopped in. https://www.buc-ees.com/index.php --- Too bad he didn't get WhatABurger. I never see discount coupons for them. They don't need to run specials. https://www.nytimes.com/2019/06/20/us/texas-whataburger-chicago.html https://fortune.com/2014/12/29/byron-trott-billionaires-banker/ Correction: Altria provides the substances needed for people who choose to kill themselves to do so everyday. It might seem like a small distinction, but it makes all of the difference. Anyone can choose to not be in danger of being killed by Altria. (I recently bought MO at $40.) It amazes me that WFC is under so much pressure from legislators for opening some checking accounts with 0 balances, yet cigarettes companies selling an addictive product that kills people are allowed to exist. (Also bought MO at 40 and doubled at 43. But is still trying to convince my conscience that I shall double again my holdings)

:o IDK, airlines kill people by accident, occasionally, but Altria does it on purpose every day. --- I still think Bucees would be a nice little purchase that could be expanded on. The one that just opened at the Baldwin Beach Express, near Loxley, AL, is huge. They prohibit 18 wheelers & they're mobbed up every time I've stopped in. https://www.buc-ees.com/index.php --- Too bad he didn't get WhatABurger. I never see discount coupons for them. They don't need to run specials. https://www.nytimes.com/2019/06/20/us/texas-whataburger-chicago.html https://fortune.com/2014/12/29/byron-trott-billionaires-banker/ But you own MO? (I just bought 1.5% positions of MO last week)

GE, rolls Royce, FAST? Rolex or some scotch maker? A bank? Altria ( Web bought airline stocks after all)

Cheer!

Chinese are sending tanks into HK. Obviously they don’t want two wars at the same time. As long as US do not interfere with their HK crack down, China will want to reach deal sooner, preferably before they crack down the demonstrations in HK before the 10/1 holiday. If they delay reaching a deal, it will only get more difficult as protests in HK continue to escalate.

So really what brought Bill Murray there? Any speculation?

This makes a lot of sense - at least me, personally, longinvestor. It’s also possible that the guy paying millions figured out that he has exactly zero chance of convincing Buffett and thereby winning some credence for bitcoin. What if someone asks (again) Buffett or Munger about this topic the day after lunch? It’ll probably be rat poison still. $4M down the drain. You got to pick the right medium to market your product. Please feel free to mentally bent it the way you want, longinvestor, I personally still think that this dinner/charitable activity was never from Mr. Buffet's side meant to become a "clash between "religions"". Oh-well - here we are. Well, the newly minted fact is that Sun is the one postponing. Sun is under investigation for fraud and not allowed to leave China. Yeah, this is what I heard too. As usual in China, there is lawyer or court involved. He is not allowed to leave now. Could be fraud or could be Chinese govt is not happy he wired out a few million USD out of the country when nobody was not supposed to be able to do it. The Chinese government is behaving more and more like north korea nowadays

Added more WFC

Sold GM at open on Monday.

Thanks, yes I had read this prospectus in my search for info but wasn’t clear if that applies when using a broker. Yes, so now it has processed and shows a price of $45.30 with a transaction / settlement date of 6/4/19. It looks like $45.30 was the price at the open yesterday, but Schwab was unable to explain the method used after I called again. This time they said they had to apply an average to everyone who uses the service, even though the prior reps said they just wait to get the info from WFC. They really just don’t know. This price was 2% higher than the prior day’s open, so the “cost” of enrolling in the program is quite real. Using the cost of a commission divided by this price difference, you would only need to invest $248 or more of dividends to come out ahead by doing it yourself. Don’t use Schwab. BoA’s Merrill Edge or Chase both give you a lot of free trades and access to Merrill/JPM ‘s institutional research. BoA is also running a promotion to give you up to $600 if you transfer assets there. The only negative is BoA has sky high margin rate of 10%, but I rarely use it anyway.

But why use it? it's less than 1% per quarter. May be better just buy manually or let the cash accumulate for a while and then buy? Plus, it might be timed/front run by market makers/arb traders.

My advice to Mr. Buffett is: please schedule the lunch as soon as possible and make sure he pays first.

Got my new car today. The salesman said he got 8 deliveries today.

I got a 5-year auto loan from BAC at 2.79%. :p This is on Friday (Now the rate is increased by 0.35%) Chase, on the other hand, is offering 4+% And Wells is only doing it through certain dealership and so there is no quote.

Not sure about financing is still profitable. My dealer is offering 5% interest for a new car, in exchange that he pay for 4 months of my current/old car’s lease payments. I turned it down to opt for 2.79% financing from BoA, despite losing 4 months of lease payments. The BoA is a better deal over 5 years (compared to I refinance the 5% dealership loan after 90 days) I hate these dealership. Making car buying so tiring.

The problem with the strategy is that if the stock goes straight up, you just get 10c/ share. I disagree. I think boilermaker’s method is totally sound. The only risk is sell too much put without the cash ready to buy, otherwise it certainly lower your cost of purchase of a stock if you will be buying it over time. Boilermaker has said he doesn’t do this for all stocks, which will be dumb. He only do it for a few stocks that are his long term holdings which he plans to buy more in the long term. Plus you have to pay short term capital gain tax, and tie up the cash in the account until put is expired. Like Warren said, if you like the stock, just buy it. Eating like a chicken yet shitting like an elephant... Not my cup of tea.

The problem with the strategy is that if the stock goes straight up, you just get 10c/ share. Plus you have to pay short term capital gain tax, and tie up the cash in the account until put is expired. Like Warren said, if you like the stock, just buy it.

When you apply the leverage, what is the interest of the margin loan you will be charged at? It will be between 4-8% depending on your broker. Also, in years 2008, you could get margin calls and sell at the rock bottom low.

Try this: https://www.institutionalinvestor.com/article/b1f9lnbx5zp1t3/The-Mystery-of-the-Missing-Berkshire-Hathaway-Invite?utm_source=Twitter&utm_medium=Organic+Social&utm_term=Editorial&utm_campaign=Institutional+Investor

The Mystery of the Missing Berkshire Hathaway Invite spr.ly/6016E9bNI

Hunger would cause it too. Like I said, he appeared to be surprised himself and was trying to control it while also answering the question. So it’s not a known condition. I suspect he was as scared himself as everyone else, lol

Well, if he really do have Parkinson’s or some conditions like that. He will have consistently shaking hands and he would have hided it, ie put on hand in his pocket. He seems surprised himself his hands were shaking and wasn’t quite sure what to do about it. So it seems to me it happened accidentally.