chrispy

I have never experienced a market like this although this is slightly new for everyone. I have been holding onto my cash and every day I think it can go lower - Im fearful. When does one get the courage to deploy!?

this could go very low

GM and the banks screwed themselves and contributed to the problem. Today is unfortunate for some companies who simply had the world shut down and therefore their decently managed business (excluding Boeing)

A company which sells physical goods is nearing the too hard pile, temporarily. I don't know how Copart car auction services will be impacted and there will be very few accidents. Does heico get more or drastically less business and for how long? It seems to me paying a slightly greater premium for companies primarily delivering digital services is the way to go. If Copart is hit very hard for half a year then one would be able to cycle back in. If they aren't affected then MSFT and V will not be

I haven't confirmed this but it seems like if the indices are negative or pos at 3pm they will skyrocket in the same direction by 4

I am young and nieve - what is a recession level PE for a company life MSFT which has a 1.4% yield and the 10yr is at 0.7%? Of course we will get a decrease in earnings for the next few quarters (impossible to predict further out)

I am quite surprised the greater Seattle area is just now shutting down restaurants and bars. They were considered one of the first hotspots in the US yet several other locations were hours or days earlier in making these tough decisions.

What happens to the global economy if in 4 weeks we see light at the end of the tunnel with this infection and Russia/Saudi come to a deal?

What will happen between 330-4est today? Exacerbated sell off?

Thank you for the post Liberty

The last 30 or so minutes of each day have been bonkers

Some of this cash has been sitting around for years, correct? Is deploying it now better then 3 years ago?

I agree. It is only making up about a day though and I have trouble picturing anyone feeling better about this for at least another 1-2 weeks

Similar to spek I moved everything to cash when it went back up to 3000. Today could be the day to go back in - this will have resulted in guaranteed double digit out performance of s&p and one less thing to think about

I can't imagine the folks I hear who are anxious or becoming anxious about covid becoming any less this week (without a major breakthrough)

If a person only has access to basic index funds in an employer retirement account, what would be considered a successful trade? The primary goal of buying individual companies is to outperform the S&P each year. So would selling and buying in after a 1 percent drop be considered a success? This would represent beating the S&P by 1 percent this year. Should the person simply be content with this mild outperformance even if they expected the market to drop further?

Prem still blames the poor performance on value being out of favor. Investments with declining metrics are the problem. I wish he would have put RFP and Blackberry on the summary list with FANG stocks - I think the underperformance would be clear. He then moves on to a conclusion using nothing more then PE without describing their competitive advantages, business model, cash balances, free cash flow, etc If Wade can compound close to 20 percent, put him in! In sports Prem would be on the bench and Wade would be selling jerseys, filling stands and creating shareholder wealth Edit: I just had a good night of sleep and an espresso - sorry if I am a little excited!

Times are lean, Bota box ;D 8)

While Berkshire is cheaper then last week, aren't there greater bargains in good quality companies to be had right now? Nearly all of Berkshires holdings have decreased in share price more then BRK

Long haul, even if it is priced in and you're righ, it is still big $$

I agree inof - stocks have not made it into cocktail hour talk yet

I've noticed OLLI is at a 52w low, and quite low over the past few years. Any additional thoughts you would like to share?

Glad some folks have enjoyed it as I have also enjoyed the subsequent conversation. Correct, he bought AMT all the way down to like $0.85 in 2003. They also bought it in their private partnership. That's his 2nd 100 bagger (BRK being the first). He says in the YouTube investors talk he wishes they could be more concentrated and their private partnership is (4 stocks). I'm guessing it's AMT, MasterCard and 2 others

Nothing ground breaking but good food for thought https://www.akrecapital.com/the-art-of-not-selling/

66.3% unlevered. It was a fun year but unfortunately they all can't be like this. Today we are back to a 0% gain for the year!