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jgyetzer

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Everything posted by jgyetzer

  1. Anyone know when Liberty typically posts the investor day presentation to the website?
  2. LILAR. Sucker for a Malone special situation.
  3. Almost all outpatient visits and elective surgeries have been cancelled due to COVID. They’ve had nothing to pay out.
  4. That’s a good point. I suppose it depends on the role it’s intended to serve in a given portfolio.
  5. The comment from AGM that's been on my mind is Buffett's statement that he is managing Berkshire for those that have essentially their entire net worth in the company. At first blush, that mindset seems like a conservative and prudent way of approaching management. The more I think about it though, the more it seems like that perspective might cause paralysis. I mean, how can you make rational decisions if you CANNOT fail. After all - your dear friends, in their old-age, are counting on you to protect their entire fortune! For me, it would be difficult to function with that mindset. Buffett is probably beyond petty fears most of us encounter, but it's something that has been bothering me. For others who do not have 100% of net worth in BRK, does this seem like an issue?
  6. I think he would agree with you about being more focused on wealth preservation than maximizing returns. It seems to me he’s been saying that for quite a while.
  7. If Hussman though the market might lose two-thirds before reaching fair valuation (without overshooting), I'll be curious what he thinks it might lose with the pandemic. After buying today, I've now burned through half my dry powder. Probably prematurely, but the popping has been a long, long time coming. I'm afraid it's frayed my discipline (I fear Trump/Fed intervention too). When you (and others willing to chime in) make comments about being premature in buying, what timeframe do you have in mind? It seems like there’s no way to know the bottom. Personally, I’m just continuing to buy most of the same stuff I had been before the virus because I think in 5 years those businesses will be doing well. Am I being naive and underestimating this virus and its impact on the economy?
  8. Gradually buying a COVID-19 “barbell.” Half in things I believe will be mostly unaffected or become more valuable throughout the quarantines (Mostly cable cos and BRK, FB, NTDOY). Other side with companies that may be impaired during the pandemic, but great assuming they can weather the storm (DIS, LYV, MSG, BATRK, IAC). Also, mostly distracting myself so I don’t sell off existing holdings
  9. LYV, MSG, BATRK. It seems obvious they’ll be hurt by the quarantines, but I have a hard time imagining a world where people don’t eventually start gathering a live events again.
  10. I think no matter what the outcome it will not take long now for us to see what the real-world implications are. The virus is now firmly in the US and will spread quickly. While the market may respond any which way at any time, we should at least have tangible clues as to how economic and government responses will play out by the end of March. Could be a setup for opportunity for those willing to observe for just a bit longer.
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