yadayada

http://quinzedix.blogspot.de/2013/02/customer-solutions-profit.html

Shouldnt the role of a CEO be to think like an owner? You want him to bleed too if he wastes earnings on stupid acquisitions. Seems to be the easiests if the guy running it has the same incentive as the guy owning it? Malone being a unicorn exception of this.

another way of looking at it is, are shareholders maybe having a mentality of entitlement that they dont want to pay the CEO's yacht club? Damn shareholders with their entitlement, they really want it all! This hard working guy put his ass on the line, and now shareholders dont want to sacrifice a small % of returns to pay for a nice car and a yachtclub?

well I dont have experience with those type of things. But I do have more experience dealing with narcicists then I would like. With these type of people, you do them 3 favors, and when they do you a small favor back, they think you owe them. Incredibly self centered people love themselves so much that they irrationally think they deserve everything for doing very little. It is a disease. Normally empathy takes care of this kind of thing. Someone does something for you, you have the feeling you need to do something back. But people with narcicism dont have that impulse because they lack empathy. They are wired differently.

is that real? Anyone with physics knowledge know if it is remotely feasable

should you convert the ADR's? Or just keep them like you bought them? Is there like a fee difference if you do either way? thx

I would also recommend just playing around with the numbers. See what kind of FCF you get with certain return on capital and growth %'s. What kind of PE multiple fits with what growth (or shrinking) numbers and risk. For example, a multiple of 7-8x can be a value trap, but a multiple of 10x can be an amazing investment with decent growth prospects and good return on capital and moat. After a while this becomes intuitive. That is where you want to be. Screw the models. Best way to do this is looking at a lot of businesses and putting all the numbers in excel. I get a decent picture in my head of all the numbers that way.

my rule is, if i have to use some formula or complicated model for calculating this, it is not a good investment.

hedgefund wizards by schwager. You get a great perspective on how the best hedgefund managers perceived and sometimes predicted the 08-09 crisis. Plus you get an interesting insight in how different type of traders and investors get an edge in the market.

yeah most people are still afraid that breaking up will cause a big mess. Unless there is some imminent banking collapse then the EU wont break.

it seems kinda pointless to do it. It seems like any other skill. You cant make bank with it unless you devote some serious time to it. So unless you enjoy that, I doubt there is easy money laying around.

valuetrap, have you looked at Exco resources? It is a 10% position several solid value investors. And it is suposed to be cheap. But I dont really know where to start looking. worth it to dig into, or too hard?

http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/117588 so the play on MPET is in the UK? and there is new management, and they also bought with their own money. share price at 1.90$ now. And the UK shale gas field could be worth almost 4$. And like 0.80$ in residual value. And they also say that almost 4$ could be had from the Australian one with CO2. But yeah you raise some valid points. I still dont like it enough to buy.

doesnt look like he is valueinvesting. But there are more ways to rome then 1 I guess. And if he does well for more then 10 years.. Just wonder what his total compounded return is over that period.

thanks for posting. His track record is very impressive. I really like his philosophy. This is also a must read http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf

After I saw that 3d printing article in the economist I wanted to buy a bunch of names related to that. Probably smart to spot early trends and then quickly buy for only a few thousand or so?

When looking at growth you need to look at the value they provide, and what other players can provide that value. And how much runway there is left. THen you can assess reasonably well with a margin of safety what kind of risk you are taking.

Just stumbled on this Ama. It seems this guy did catalyst driven events like liquidations and did something like 30% a year with them. His VIC name is valuearb, im reading all his write ups there as well. http://forumserver.twoplustwo.com/30/business-finance-investing/what-would-desertcat-say-943173/ Pretty interesting.

what about searching for keywords, and filter from there? I think with 10k wizard you can do that. It costs you a managable amount. The thing is, the most mispriced stocks are usually not found by looking at low PE ratio's or book values. It is often the more intangible story that makes it. Especially with special situations, so searching for certain keywords would be better. You cannot find most of those 'you can be a stockmarket genius' ideas by running stockscreeners. There are probably some amazing mispriced opportunities out there between those 60-80k stocks, where everything lines up perfectly, and where there is like 200% upside in the near term with very little risk (based on public info ofcourse).

Does he write about that somewhere? At what kind of valuation did he buy it? What were the reasons it was cheap? If someone has a link to his reasoning or something, that would be much appreciated.

it was a very stupid (or troll) question tho. It was very obvious he meant no government should do these things, instead of some foreign government.

yeah, the number of people who have heard of bitcoin went up 1000x, and the number of transactions went up twice. Im not sure what you mean by logaritmic. What you are doing is clasically misinterpreting data. Ofcourse it looks like that if you take 2009 and 2010 into account. It went from zero to something. But you have to look at the difference between 2012 and 2014. In 2012 maybe a few million people (at the very most) have heard of it and it was very niche, and now maybe close to a billion people have heard of it world wide. It has been all over the news in most countrys multiple times. The number of merchants accepting it has exploded last year. Yet the number of transactions is barely up between being virtually unknown and being widely known and understood. Also how the hell do all these ventures help making bitcoin more practical? I still have to go through more trouble to pay for something with bitcoin. I have to take fluctuation risks, I have to sent in papers, and I have to risk putting money in shady exchanges. It is not better in anyway then a credit card (when used right). Plus you also have to take into account people trading it, and arbitraging between exchanges, that number went up a lot as well. And if you look at sites like bitpay, you will also see that the reported $ number of transactions is very low compared to a credit card company. Now why is nobody using it? It isnt better. It is more hassle, and it has more risk. It is a inferior form of payment in everyway compared to banks and credit cards. I was in Cyprus, supposedly the capital of bitcoin. Several people had heard of it, but they all found it very impractical. DESPITE HALF THEIR BANKS STEALING THEIR MONEY. That is how much bitcoin sucks as a means of payment. Nobody is even using it there. edit: Also the spike in 2012, is right around when those illegal market places were getting in the news. I saw people mentioning silk road etc back then and it got picked up by the underground community. But growth in those markets is pretty limited by the postal system.

http://blockchain.info/nl/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= number is still relatively flat. sell before it goes to 10$ again!

yeah I think you still need laws... That is not really what this is about. A free market implies that you are free to choose yourself, a long as you dont hurt others while doing it. Like you are free to drive an unsafe car. But if you kill someone, the law will punish you more harshly. The government cant act as some mafia and forcefully take money from you, but they can lock you up, and use the police if you break laws if you hurt others (or destroy the enviroment for that matter). Because if you destroy the enviroment you are indirectly hurting others (eg no more fish or bad air polution). But sometimes you get into grey areas here.

cant you give them acces only to their account or something? So they can just check themselves. Seems like that could save you a ton of money. If IB integrates something like that..