bargainman

My post was a reaction to the "complete idiot" moniker, which clearly he is not. That said I know many many brilliant people who would not take stock advice from that doesn't mean they're complete idiots though.

Looking at my records I purchased FFH shares 2007-2013. So basically during the time where they looked like geniuses for making a billion dollars by purchasing credit default swaps... but then promptly lost that billion dollars by purchasing puts on the equity markets that had already dropped by fifty percent. At the time when Buffett was making deals left and right. Or at least that's how I remember it.

Yes PKW

The reason I ask is because many years ago I decided I would invest with Buffett and his acolytes in value investing. I purchased Berkshire, Fairfax, Markel, Leucadia(now, Jeffries), fairholme, wintergreen even. Other than Berkshire, they have all significantly underperformed.

Actually, I take this back, my best investment was choosing the career I did, and the company I work for.

Ultimately you have day 1 companies and day 2 ones. You also have companies affected by the innovators dilemma that refuse to adjust and disrupt themselves, and they die slowly or consolidate. I guess some would say that software is tech? But pure software plays are less frequent these days. Marc A. famously penned "software is eating the world" to explain.

Anyone watched Tony Seba's presentation. Predictions seem wild but not out of line if cost curves continue

Well she states that she's not an index follower and only holds TSLA of the Magnificent 7, so that's unsurprising.

Haven't you heard, Eddie wants to be the next amazon!

Who knows, maybe SpaceX and OpenAI will want a private buy out one day

Probably when I bought Hansen before it became monster drink. Dumbest investment was selling 1/3 after it had tripled to "get my investment back"

https://www.thestreet.com/personalities/mad-money-jim-cramer-net-worth sure he is. He makes 5-12 million a year and is worth over 150 million. Obviously an idiot. Also went to harvard law school and wrote several best selling books.

Getting that 3K yearly loss vs income tax!

Anyone looked at the Morningstar buyback etf? Looks like more of a dividend etf now but I wonder if the buyback strategy is still working these days...

Well, Apple was a very different company. They went from a niche high end computer maker to creating a new smartphone market with 50%+ marketshare in the US. Tim wasn't Jobs but he adjusted to the times and market size.

Everyone's been talking about that Cali Li find. Good to see BRK get some of it...

Makes me think of the 2 quotes... When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. “Go for a business that any idiot can run – because sooner or later any idiot probably is going to be running it.” So which is BRK?

Lots of CNBC talking heads happy about the fed's soft landing potential. We'll see how that plays out. But I wouldn't fight the fed!

Sorry if this is a dumb question, but has FFH's stock portfolio over/underperformed indices over time?

What's the speed and cost of transactions on the major coins these days?

That's very deep in the money, may as well be just a buy. Amusingly there's an ETF called NANC that's tracking democratic congress purchase. There's one for the Republicans too.

Anyone looking at Paypal?

I'll paraphrase Bezos and say "it's day one". If the company ever thinks it's day two, it'll die. Tech companies are on the cutting edge. They need the best people and the monetary tools to recruit and keep them. Without that they fade and get taken over by other up and coming tech. wrt "I'd use a product other than Google if it were as good". Chances are you use the default. The default on android, ios, your browser etc. Very few people change the default unless it's extremely compelling and easy. Like when Chrome came out and people actively installed it instead of IE.

yes it's called the Mixpresso! I think it was about half the price of the actual branded machines or maybe not quite that cheap but significantly so. anyway I really hesitated because the environmentalist in me is very sad LOL but the coffees pretty good and adds some variety to my life. especially with work at home covid life. on the other hand I do try to buy the branded pods and then get the free recycling bags to return to them. I remember reading a study about how the pods are actually less environmentally impactful than drip coffee which surprised me. but according to the study, the majority of the environmental impact is due to the coffee beans, and since espresso pods use so little coffee like OMG so little coffee :-), that makes up for the waste of the pod.. plus if I actually recycle it, that will use up a whole pile of energy to smelt the aluminum but at least that will get reused instead of put in a landfill somewhere... all the little debates between the characters in my head

hmm.. I got a nespresso clone machine during the pandemic, does that count?