ATLValue
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Posts posted by ATLValue
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1) trader is a great movie
2) i think you're asking the wrong forum
3) im not sure where you could find this info without paying for it but try looking at http://www.elliottwave.com/ -
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thanks for the heads up!
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If my net worth is $100,000 and I withdraw $10,000 from the bank and put it in my pocket, my net worth is still $100,000.
Fairfax sells X number of shares and retains the money earned within the company. The value of the company doesn’t change. So what is the logic behind a 6% drop in share price?
What am I missing?
If your logic was sound than why doesn't every single company just issue shares all the time? Companies don't do this because for an issuance to be a neutral event you're assuming that Fairfax can earn an ROE that it is consistent with previous results (even though it has just increased equity)...
More importantly IMO, this action continues to reduce the voting power of those existing shareholders who don't participate in the offering
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good luck shorting volatility, that strategy always works our great ... until it doesn't
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Not my opinion but definitely a divergent view from most everyone on this board:
"Buffett is a charlatan precisely because he hides his secrets behind his Barnum act of public-spiritedness. One secret has been pretty well outed by now, both here on the site and elsewhere– namely, the man is the Capablanca of the tax code.
The other secret is the one he hides in plain sight. He gets extraordinary earnings out of his headcount. For a sane company that avoids stupid leverage on its balance sheet, the employees are the liability that matters most; and the Oregano manages that liability with the same skill that the 19th century Titans did. BRK-A's known earnings (the average of the current year's report and the consensus prediction for the next 12 months) are roughly $65K/employee. GM has known earnings/employee of $28.5K.
As a number, known earnings/employee may seem bizarre but it is the best predictor of how consistently a company can continue to generate profit.
We have used the same kind of benchmark in our own assessment of our private businesses; and it has never failed. We have, every time we have gone away from it in the name of "investing in growth", etc.
We don't actually know if this really is Buffett's secret sauce; this is likely pure vanity on our part. But, if, like him, you invest by buying stakes in public companies as if they were private businesses"
http://www.dailyspeculations.com/wordpress/?p=10542
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thanks for posting
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Toronto Blue Jays playoff ticket against the Texas Rangers.
Will happily spend the same amount next year if they make the playoffs.
We missed tickets by a few minutes from someone selling on Facebook. (a friend of a friend)
what all can you do with mygia?
Cancel cable and watch almost anything, including live sports through your internet connection on your TV.
Any good links to share about this? How is it different from Roku / Apple TV?
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Garmin Fenix 2 watch for $200
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I think moats and good management teams are much much much rarer than people on this board seem to believe
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I think the whole 40 year "mega bubble" point that Pabrai is trying to make is completely wrong. There are tons of industries that flare up every few years, 3D printing, marijuana stocks, savings & loans, commodities, shale, biotech .... He gives good examples but the fact that one happens to be right in the middle of the two others doesn't really mean anything.
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In 2013 as an owner of Quest Diagnostics I began digging into Theranos. Given the big splash that Theranos was making at the time we wanted to see if the Company poised a threat to lab testing industry. I had two questions that I was looking to solve through my research, 1) could their smaller machine that they developed displace the established large lab duopoly (Quest and LabCorp) and 2) how much different were the prices from traditional competitors.
1) At the time I had no reason to doubt that their proprietary Edison machines functioned the way that they seemed to be claiming. Now we know that the machine does not work for the vast majority of tests. It remains to be determined if they can get the machine to work before their funding runs out.
2) If you compare Theranos's price points with the price of tests AFTER insurance discounts they were really just about the same. I took a sample of the Theranos listed prices and compared them to an Aetna price list which included insurer negotiated discounts and the difference was about 3% lower for Theranos, far different from the drastic price differences that they claimed on their website.
Theranos is a business that seems to have skirted the line of the truth. I don't think they committed outright fraud but they certainly didn't do anything to dampen the media excitement that was building around their business and proprietary technology....Then again I don't have any idea what they were telling investors during their last funding round.
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Thanks everyone! Great weekend reading material
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Hey everyone, does anyone have any good primers or recommended books to help a beginner understand how to analyze a bank?
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Yes i agree, I probably wont be buying more of this in my basket.
What sources do most people use to find their Net Nets?
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Anyone look at Funai Electric? I purchased it about a month ago and so far it has been a dog:
The good: One of the larger net nets in Japan - I've seen some research that both the largest and smallest net nets typically outperform within the basket. CUrrently my holdings are mostly micro / small caps so I like having a larger name in the mix. It had a a pretty attractive F Score of 7 when I purchased it and recent profitability after years of losses.
The bad: Unsure if the recent profitability that the company experienced is temporary (probably is). Recent quarterly results weren't great. Poor industry
Conclusion: Company is SUPER cheap 35% Price / NCAV - considering buying more
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I'm about half way through Charles Koch's new book "Good Profit". It is a very interesting read and definitely worthwhile for anyone who is considering starting their own business
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Zero to One by Peter Thiel
I liked this book, definitely a different perspective than I'm used to reading
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The simple answer is that they can't. Their fund structures have finite lives so at some point the money needs to be returned to the investor. Pension funds need the cash flow to fund actual obligations.
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has anyone played the new starcraft expansion pack?
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Starcraft is an amazing strategy game, very similar to command and conquer
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I agree with theasiareport on diversification in net-nets.
Does anyone use Piotroski score on net-nets? Theoretically, it should improve the results. Practically, I don't know since I have not bought money-losing net-nets. :)
Jurgis, I think the idea of using the P-Score for net-nets is very interesting so I wanted to bump this thread to see if anyone else did this for net-nets
this looks great, thank you, looking forward to reading it!
I use the F-Score for selecting net-nets. I don't have that long practical experience from it though, 2-3 years. I have done some studies on the subject. For google translated versionf of them, se links below (originally written in Swedish).
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I'm wondering if anyone has any good sources for Asian financial data. I've gone through the trouble to translate a few annual reports from Japanese but ideally I'd like to find a reliable source for IS and BS data. Thanks in advance!
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Fairfax nears deal to buy Allied World for $4.9B
in Fairfax Financial
Posted
It's official now.
Time for more dilution courtesy of Supreme Leader Watsa and his superior voting power.