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moody202

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Everything posted by moody202

  1. I know that you have shared your portfolio. If were to buy one stock today, which one would that be and why?
  2. Would be interesting to get you perspective after you finish the book!
  3. I have a portfolio of Real Estate holdings that have worked decent for me over the past 3-4 years. However, as the price of these properties has increased, I am tempted to switch into REIT investments. My thought process is that the properties generate about 8-10% per year at the current market prices. If I am able to generate 8% with REIT's, I would rather do that and not deal with the work that comes with owning Real Estate. Given that REIT's have gone up significantly over the last couple of years, I don't want to mistime and enter at near peak prices. My question is which REIT's should I look at and what returns can I realistically expect from them?
  4. Buffett's section says "Both the board and I believe we now have the right person to succeed me as CEO – a successor ready to assume the job the day after I die or step down. In certain important respects, this person will do a better job than I am doing". Makes it sound like there is one person already identified as the CEO!!! Overall a great read, I personally enjoyed Buffett's section a lot more than Charlie's.
  5. Is this still on schedule for Jan 30th?
  6. Nothing new. This happens in US also. In fact you can buy these loans online at sites like http://www.loanmls.com/content/buy-private-mortgages.html I don't understand the point how this is threat to the system as most of the lenders are individuals or small entities. Their collapse has very little impact on the system.
  7. The cap rates also vary by type of property. As an example the lower priced properties have a higher cap rate....the slums have the best cap rate!!! Also -- In my area I have found single family homes have higher cap rates than condos but also come we more headaches.
  8. Is this a binary thing? Could you not do both (maybe not the same intensity)? I like the idea of learning 'Federal Reserve, Time on Insurance, Investing' but why can't you do that in addition to the kid going to school?
  9. Exactly -- I'm not sure how you blow up in this scenario as some others on the thread are claiming.
  10. If they are hiring sales people to sell it to you, I don't think there is value there.
  11. What was the sales pitch? What did the say you will get out of the investment?
  12. Residential Real Estate is a sales/relationship business, technology augments but can't replace these 1x1 interactions and relationships. When I have a property to rent, I can't just list it on sites like Zillow/Trulia/Craiglist for free, I still need an agent to -- Show the property to prospective buyers/tenants - I don't have time to do this on my own -- Screen the tenants to weed out garbage - Technology can provide data to help with this but no amount of technology can replace a competent agent that is good at screening tenants I happily pay the agent's fee for these services! Berkshire Hathaway also acquired auto dealership group recently. Is that Warren saying that Tesla's technology based direct sale model is not going to kill the local dealerships??
  13. Good insight reddog66. From what I see technology is certainly reducing the barriers to entry which creates more competition and reduces makes it harder to find deals. One of the things I find intriguing about this industry is most of the people in it (90+% in my opinion) have no clue what they are doing. Interestingly technology has made it easy to distinguish between amateurs and professionals, if some is referencing Zillow pricing..They are more likely an amateur! From a long term standpoint, I don't see technology destroying the industry, just breaking down the information barriers. Residential real estate (houses, apartments, multiplexes) is not going anywhere; everybody needs a place to live. I don't have an opinion on Malls, store front, office space segment.
  14. I say one of my regrets is not finding good mentors early in my life. This board helps fill the void!
  15. Agree. What got published so probably no more than a quarter of the interview and completely absent of context!
  16. Given that he's a self proclaimed cloner I wound't have expected to find anything different in his portfolio...would you?
  17. Not sure about you guys but I feel I have picked up a lot about investing and life listening to Pabrai. He committed to give away 2% of his net worth every year to charity!!!! Not speaking about anyone else, I am certainly not at a point financially or emotionally where I can get myself to make the same commitment. This wins my respect for him. I see him as a focused and smart individual that is willing to put in the research and go to the depths to answer questions like how to construct a portfolio (2x, 3x...), the investments process to follow (checklist) and others. Is he perfect? No....he is human! Regarding the question about his returns for 2014 in the interview, how would you expect Buffet to answer that question? There have been stretches where Berkshire has lagged the index for multiple years only to be proven right over time.
  18. Can someone post the link to the prospectus?
  19. What do you see in IBM that makes the future bright? Just curious as I'm not able to come up with the same conclusion!
  20. Still waiting to hear from someone on the board to post their assessment after reading the book.
  21. Pabrai is though provoking as ever....makes my life feel so hollow!
  22. Their website looks pretty old school compared to the US Brokers. Cluttered home page like it was built in 2001 and never updated!
  23. To me cost of Netflix service is more like $30 a month. $8 I pay to Netflix and about $22 I pay to cable company for additional bandwidth to make sure both my kids can run their Netflix shows simultaneously. I won't be paying this $22 if not for Netflix! I am with Eric....bundle all my channels in my Roku/Apple Tv so I can buy the channels I really want and cable company is just the delivery mechanism.
  24. Any recommendations on how to get better insight into his portfolio? Don't know his cagr but his VIC presentations have performed very well. ;) I cant say more than this but Im 100% positive its 21% CAGR since inception in 2009 (including part of 2014) This article talks a bit about his performance: http://www.wyattresearch.com/article/guy-gottfried/
  25. Eric - Could you elaborate on the point you are making here? I feel I have an idea about what you are saying but am trying to understand it better. What would you do at this point? Would you sell your newly acquired shares and take the loss (assuming its trading below your assigned price)? Or you are comfortable holding the SHLD shares for the medium to long term and the put you sold on SHLD was at a price point you were comfortable buying SHLD at?
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