adesigar
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Posts posted by adesigar
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3 hours ago, John Hjorth said:
I think we should be asked to guess the language for how to type and read the topic title :
"¿ Guess this Chart ?"
too! [I've seen it before, can't really recall in which context!]
The inverted Question mark before I think is Spanish.
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3 hours ago, cwericb said:
First Republic Bank?
Looks like it but First Republic did not go bankrupt in 2020
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NTDOY
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Berkshire HODL
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4 hours ago, Maxwave28 said:
Below is my look thru earnings calculation, I am at a similar earnings yield of 4.8% on $353bn (i get to the portfolio yield by grossing up the top 5 holdings as indicative of the portfolio at large) or ~$16.9bn but think we have subtract dividends paid to BRK of about ~$4.7bn as those are already in operating earnings. Therefore I get to an incremental pre tax look thru earnings of $12.1bn apply a 10% discount for some taxes and I get to $10.9 of incremental look thru earnings to BRK. If we annualize the $10bn of operating earnings to $40bn and add the $10.9bn then perhaps run rate total look thru earnings maybe ~$50.9bn on a market cap ~$760bn equates to a look thru earnings yield ~6.7%.
See my calculation below. Please rip it apart as I am guessing I missed something.
This whole look thru earnings and apply some generic PE is dumb. It makes absolutely zero sense.
eg
Take 180 billion in Apple stock, which is at a PE of 30. Look through earnings are 6 billion on that. So using look through earnings and a PE of 15 we are supposed to value the 180 Billion of AAPL at 90 Billion.
Yea no thanks.
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I think part of the reason the S&P is high and could stay high is all the money flowing into it from 401k plans?
Nowadays most people I know are investing into index funds or target date retirement funds(which in turn hold index funds). So every month there is a constant flow of money from 401k plans into the stocks in the S&P 500.
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On 7/3/2023 at 12:21 AM, Haryana said:
Bank Giant Bigger Than Morgan Stanley Arises From India Merger
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HDFC surges ahead of banks including HSBC Holdings Plc and Citigroup Inc. The bank will also leave behind its Indian peers State Bank of India and ICICI Bank, with market capitalizations of about $62 billion and $79 billion, respectively, as of June 22.
“Worldwide there are very few banks, which can at this scale and size, still aspire to double over a period of four years,” Suresh Ganapathy, head of financial services research for India at Macquarie Group Ltd.’s brokerage unit, said in a Bloomberg TV interview. The bank expects to grow at 18% to 20%, there is very good visibility in earnings growth, and they plan to double their branches in the next four years, he said. “HDFC Bank will remain a pretty formidable institution.”"
Best Bank in India. I remember when my parents bought this at the IPO. Its probably one of the best investments they ever made.
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I guess some people think that the US has installed leadership in all other democratic countries like Europe/Canada/Japan/Australia/India etc.
The US doesn’t hate China. Some people seem to think that the CCP and China are one and the same but they are not.
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Costco thinks a recession is coming.
https://finance.yahoo.com/news/costco-execs-warn-looming-recession-175906184.html
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21 hours ago, Parsad said:
I'm not sure you guys are eating the right chocolates at See's. The chocolate that See's uses is from Guittard, which makes excellent chocolate comparable and on par with Callebaut.
Cadbury, Lindt, Hershey's, many common Belgian/Swiss brands don't even compare to couverture chocolate like Guittard or Callebaut. Most are known for their milk chocolates which aren't even in the same realm as quality dark chocolate. It's like Tim Horton or Dunkin's coffee and true Italian espresso. Cheers!
Its something about the ingredients or manufacturing process. US chocolates are more grainy (maybe that's how they are preferred in the US I don't know, its just not to my liking) and often have cheaper ingredients. Even Sees uses Corn Syrup instead of sugar, vanillin instead of vanilla, etc. in some of their chocolates. For the prices they charge you would hope for better ingredients. They claim "We only use the highest quality ingredients - see for yourself!" https://www.sees.com/ingredients/
The best chocolates I have eaten was in Paris. It was a store called Patrick Roger.
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Sees is ok. It’s good not great. Buffett is just marketing it.
Cadbury’s used to be decent till Kraft messed it up. Lindt manufactured in the US also doesn’t taste as good as the imported stuff. Most Hersheys and Mars chocolates just taste terrible especially Hersheys.
Belgian/Swiss are our favorite. Now I need to stock up on some Lindt Gold bars.
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Don’t know what those countries expected.
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The best ones usually end up moving out of China/India/etc to the US/Europe.
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30 minutes ago, cwericb said:
On the subject of making stuff up. Would you care to show where you obtained the information that "by roughly 5 years from about 28 down to 23" and to what specific dates do your numbers refer? I ask this because I cannot find those numbers and as you accuse others of "making things up" I am sure you can be much more specific. Thanks.
Here is a start.for New Zealand
Māori may have had a life expectancy at birth of about 30. After European contact, however, there was a major decline in Māori life expectancy. By 1891 the estimated life expectancy of Māori men was 25 and that of women was just 23
for India
Life expectancy declined from 26.7 years to 21.9 years.I’m done with this thread.
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2 hours ago, cubsfan said:
Funny boy. Still can’t explain those dramatic increases in longevity and health care - can you???Yeah - colonialism certainly was not done for noble reasons, as it exploited the natives for natural resources, etc. But the positives of better lives has long outlived the exploitations.
I didn’t explain anything because you just made stuff up. Life expectancy declined during and because of colonialism.
edit
by roughly 5 years from about 28 down to 23.
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On 5/15/2023 at 6:57 AM, cubsfan said:
Att the same time you despise the British Empire in Africa, you can thank them for the dramatic rise in living standards for Africa. Namely, health care, hospitals, education and largely eliminating practices like child/slave human sacrifice replaced by Christianity. Africa still has a ways to go because of tribalism - but the increases in longevity are real.LOL I've heard the stupid old defense of colonialism before. I will be thanking the British empire when pigs fly. It happened over a much longer period of time but the total number of people killed by them was more than the Nazis and possibly even the Mongols. All the "infrastructure" was built to better control and more efficiently loot the countries in Asia and Africa and for nothing else. The only thing that could probably be said about them was they weren't always as evil as some of the other European empires.
Good luck to people living in their fantasy where colonialism was a good thing.
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56 minutes ago, Parsad said:
Wouldn't that apply to probably at least of 10% of current U.S. citizens who go back 5 generations or more? What about 15% of Germans who go back 3 generations to the Holocaust? At some point, people have to accept that history was violent, unfair and certainly not Christian.
My family were indentured laborers taken to Fiji from India 5 generations ago. I'm not blaming the Queen for that, as she had nothing to do with it. Hate only leads to more violence and constrains the generations going forward. Cheers!
We can definitely blame her for the concentration camps, murder, torture and other atrocities that occurred when she was Queen.
https://en.m.wikipedia.org/wiki/Mau_Mau_rebellion
You can choose to ignore what happened to your family but you don’t get to tell others.
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I personally don’t really care about the crown/queen/royal family. Just wanted to say most of the world doesn’t care about the queen or anyone in the royal family.
Also beloved would not be the term used by anyone with even a little bit of knowledge about the atrocities done in Africa while she was queen.
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7 hours ago, Parsad said:
I suspect that's why the Queen at the end of her reign was quite beloved. Yes, the monarchy is outdated and she lived a life of privilege, but 96 years of life sacrificed for one thing...the betterment of her country and duty to it. From the day she was born till the day she died, and how she did it with such class regardless of partisan politics or what was fashionable.
Disagree on the queen and the whole royal family for that matter. -
Won’t you need it again next year?
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I sold off most of my non core holding. Hope to buy at a cheaper price if the market panics.
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I just saw them on the CNBC broadcast but I thought they looked and spoke much better this year than last year.
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Anyone know if the Buffett/Munger squishimallows are only for sale at the meeting or also available online?
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Is there a better option than IAT or KRE to buy a basket of these banks.
¿ Guess this Chart ?
in General Discussion
Posted
Thats AIG