jawn619

Bring back Ballmer!

just re-read this yesterday. Great book.

NICE

Basically he was driving without a license....

A good idea but it probably won't happen.

Wow. Who is he cloning on the FCAU and ZINC positions? He has mentioned that ZINC is his first original idea, and FCAU was from a Columbia student's presentation.

I have. For the Series exams, I believe you need a firm to sponsor you.

"Sometimes underperformance is a good thing" also I like how he says Consuelo almost every time he speaks. I know people like the sound of their own names but it sounds like he got it from sleezy salesman 101.

yes the McKinsey book uses examples. Also, some of what they say is very clear. They care a lot about cash flows, and seeing increase in intrinsic value as the main driver of share price growth, and separating a business into operating and non operating assets/liabilities.

ENDP

One of the best for sure

296.HK - Emperor Entertainment Hotel Ltd is an another interesting casino in china, trading at 5x net income

Stocks on sale

I remember him mentioning in a few videos some of his holdings. One was a net net that generated consistent earnings, I think another was a Sears arb. Michael Price mentioned that Sears sum of the parts left the actual "Sears" retailer at 1/5 the sales of JCP. The other pieces were already publicly traded and about to be spun off I remember him saying they both stink, but he didn't think Sears was 1/5th the value of JCP. When asked why he hedged it and didn't just hold the individual pieces and wait for them to be spun off, he said that Sears was such a big portion of his portfolio that he had to hedge it. One thing I learned from him is that like other great investors, Greenblatt looked down before he looked up. He made sure he wasn't going to lose money before looking at upside

A stock is having a rights offering and the record date is July 6th. Let's say I buy the stock on July 6th. Will I be able to participate in the rights offer or Will it settle t+2 and I won't get the rights? TIA

Fannie, Freddie CEOs to Get $3.4 Million Raises LOLOLOL I think it's hilarious and so smart. FNMA is owned by shareholders....but they care more about getting profits back while the fed has no control to affect compensation plan. Very smart play from the CEOs #greed

It never ceases to amaze me the ingenuity that members of the board come up with in regards to personal finances. ;D

I on the other hand will probably die right after checking a stock's price

How often do you check in with Mr. Market to see what he's pricing your holdings at? I'm trying to check prices less, and I'm guessing less often is better, but it's been difficult.

I'm using EBITDAOECOGS(earnings before interest,taxes,depreciation,amortization, operating expenses and cost of goods sold) to evaluate the earnings power of businesses nowadays. Get with the times everyone.

you mean expensively flowing liquor!

yes I am but I am leaning towards solo 401k/solo roth 401k because the contribution limits are higher and you can loan yourself money

Just wondering, does PFHO have bad management? Stock looks pretty cheap right now and business has high ROIC at first glance. Also the fact that Eldo just took out a large amount debt and went dark doesn't bother you?

I always thought that putting money in a Roth was more advantageous than putting it in an regular IRA, but after doing some calculations, I'm not sure if Roth is the clear winner Example Assumptions 25% tax rate 10% compound rate Year one Either put $10k in IRA or $7.5K in Roth Year 10 Roth $69,849 IRA $93,132.26 After taking a 25% discount to the IRA, you end up with the same amount. Other things to consider Roth contributions can be taken out any time after 5 years. That's a huge benefit because of the flexibility Regular IRA can be used be taken out tax free for certain events like buying a house/education expenses Does anyone have anything else to add/pros/cons of each? It's not a clear cut decision but I'm still learning towards Roth.

Crossroads. $30M market cap company with $200M of pending litigation damages coming in Jan 2016. Also has another patent portfolio that could be worth A LOT more. like near the $1B mark.