adesigar

I think he was referring to St Joe

I am mostly fine with the new site. I do wish that the design was changed to remove so much empty space. Simple tweaks like decreasing the profile image size and reducing the post header and footer size would really help in my opinion.

My issue is this doesn't adjust for the fact that corporate tax rates were 35% for 7 of the last 10 years and then 21% for 3 years (of which 2020 was one). If I normalize for 21% tax rate CAPE is closer to 31% which is still quite high but interest rates are going to be low till 2023. I am in 20% cash but will sell more if S&P crosses 4500 this year.

My takeaway from the letter was he feels Berkshire is misunderstood/ignored and because of that it is undervalued so he is doing share buybacks. 1. Stock holdings earning don't come out on Berkshire Income statements. 2. BRK has been unfairly applied a Conglomerate discount. 3. BNSF Value as much as AAPL stock, Insurance value significantly higher. 4. Investors focused on coastal tech/finance and paying crazy valuations while ignoring/avoiding middle America and the boring businesses which BRK holds a lot of. 5. BHE is similar to BNSF from 10 years ago. It will pay out a lot 10 years from now when it done and will be almost impossible to compete against and this value is ignored. He had an indirect reference to GME. Berkshire has the ultimate group of shareholders with :D

Taxes

Hoping for another quarter with a decent amount of share buyback. I would expect comments on the pandemic, state of the economy, overpriced markets so not making any deals, inflation. Credit to whoever convinced Buffett to buy AAPL.

Thanks

He's a billionaire, clearly. “Most of my coins” Implying at least three. If so congrats rk Yes more than three, but much less than a billion dollars worth. I was buying at $200-$500 and not buying more than I did is by far the biggest mistake of my life. At least you did buy some. I saw it when it was around $10 but didn’t buy any because new kid, death in the family etc. It was a crazy time. I almost bought $5k worth at that time but didn’t. I probably wouldn’t have held to $50k per Bitcoin anyways.

That's the exact question I have been asking myself. I moved to 20% cash middle of last year which now seems like a bad move since the market just kept going higher. I keep reading about the Buffett indicator being at record highs (194% or something) but the Fed keeps buying and is at approx. 8T, the 2017 Tax Cuts are not accounted for in the indicator and the GDP is temporarily affected by COVID. Maybe its 1999.

You also have to consider that the US government has said they will be sending out $1400 and possibly giving $3000+ per child in the next year. For a family of 4 that could be 1400x4=5600 + 6000 = $11,600. Fed has said it wont raise rates till 2023. That could keep the market going into next year.

Do you really think retail investors are the customers for Robinhood or any brokerage offering free trades? No just like with Google, Facebook etc. If they are not paying for it, they are not the customers they are the product.

It is because pressure on hospitals has eased: [/img] How dare you use science and data to make decisions.

Right it seems to be 6.5 Billion total and not 6.5 each. Just hoping it turns out to be like AAPL and not like the airlines.

Dont know if this has been posted already https://www.dailymail.co.uk/news/article-8115879/COVID-19-Australian-researchers-CURE-coronavirus.html Edit The drug Chloroquine was also used in the french research posted earlier.

SRSCQ - Speculative amount. Its either a Zero or a multiple of current price. Will know in a few days. Today is last day for bids.

The only thing I want to say is its risky to lend/invest to friends and family. You can risk the relationship. Its best to assume that the amount has been gifted to them. If it comes back great. If not then the relationship is more important than the money anyways.

Since you say they were "evil" mind explaining why you selected these 3? Hopefully you have a valid reason to call someone "evil" beyond the usual libertarian nonsense.

SHLD BRK LUK

That's not the full video though. I did find the entire interview on YouTube: Thanks

John Oliver - Auto Lending

Let me put it so you and Ericopoly will understand what I said better. I really don't care how successful he is and whether people want to ask him questions in "Ask Eric". Stay on topic of the thread that you are posting in. Stop posting irrelevant crap about you pet tax whines. You have polluted multiple threads with it. Start a tax related thread and we can discuss taxes all you want. I basically said the same thing a few months earlier to the other guy (cant remember name) who used to fill other topics with libertarian crap. The other thread is finally back on topic.

I already know what they "have been trying to explain". Do you really? Firstly property taxes vary by state from like 0.5% to 2.3%. Secondly in my neighborhood (in south California) homes are selling for 500,000 and they rent for 3000/mo. If someone choses to be dumb and buy a Million dollar property with 40k in rent per year that's the problem. Finally please don't turn future threads into whines about taxes like you have a tendency to do.

Your comment reminded me of this http://imgur.com/gallery/ZZvwcIo

Theranos minilab http://arstechnica.com/science/2016/08/with-chance-to-soothe-theranos-critics-with-data-holmes-gives-sales-pitch/