DooDiligence

Ouch, por que?

Particularly after spending a decent amount of time digging into it. For me it’s Reckitt Benckiser A short while back it was CAKE

Amazon has 2 of his books on their Kindle deals in the Business & Money category for $3.99 each: https://www.amazon.com/Media-Control-Spectacular-Achievements-Propaganda-ebook/dp/B00541YJPM/ref=sr_1_22?s=digital-text&ie=UTF8&qid=1513109007&sr=1-22 --- And this one: https://www.amazon.com/Profit-Over-People-Neoliberalism-Global-ebook/dp/B004J4X74Y/ref=sr_1_11?s=digital-text&ie=UTF8&qid=1513109154&sr=1-11 --- I bought both but won't get around to reading them until maybe next Summer.

Vroom, vroom...

DD - we're voting you in on that one. Get up at 2:00am, get in line, and you'll be first guy at the mike I'm sleeping in! Can't, Munger scares me & I love a good Porterhouse but not in that way. Still might go though since I'm an owner now!

http://uglymule.com/images/Borat-Evangelical.gif :) :D :o

Here's to there being no skeletons for a douche like Singer to get ahold of.

Awesome Q to ask & very pertinent in light of succession speculation. Who's gonna nut up & get in line to ask? I'd be tempted to show up this year just to watch that (especially if it was someone from COBF!) And to watch Munger try to beat the crap out of the guy with a gigantic Porterhouse in the parking lot of Gorat's!!! (this would only happen if the question blindsided him, which I doubt it would...)

and results in the toppling of government leaders (Kirchner was a twat anyways...) http://fortune.com/2017/12/07/elliott-management-hedge-fund-paul-singer/ (BWT, found this in @ShitFunds Tweets)

I'm embarrassed to say that I forgot this commitment. Also forgot the benefits of being owned by BRK: 1. No more SEC filings 2. No more dog & pony shows 3. Former divs getting reinvested in the biz for more advantageous returns 4. ??? OK, I had abstained but now cast my no vote.

I wouldn't want to see a breakup / spinco event until after I fill up. How about this though? Are we agreed that Berkshire is not being valued today as a sum of the parts entity? (if not, then my premise breaks the rest of this post.) What if everything except Geico & reinsurance was spun out in the most tax efficient manner possible and you have the option of rolling into the new entity like 1969? (prob have to keep See's too out of honor.) I'd elect to own the new entity over MOST of the spinco's without hesitation! You get the float. Able, Jain, T & T get the privilege of starting the whole thing over again for another 2 or more generations! --- A "Maybe" option should be added.

Courage! I'd be prepared to go to 33 1/3 if the damn thing would drop but since it won't cooperate, I'll continue the DCA program (thanks to Fidelity for dropping trou (trow?) on commissions & making this possible.) Need to free up some study time & I'd sleep like a baby owning that much BRK.B (I'm giving DQ gift cards to all my young friends & fams in an attempt to garner a new generation of biz for them & just realized that I need to add some See's boxes into the mix.) If I were more generous, I'd buy someone a trailer...

I've read plenty of brutal honesty here & on FinTwit regarding losses & hope to see more postmortems as they give huge value to the examiner & those who read the results. My half assed Express Scripts postmortem is scattered around here & Twitter & I felt wonderful after taking the loss (in a tax advantaged account no less.) It was a victory of sorts, in that I could have paid a shit ton more $$$ than i did, for such a valuable learning experience (also could have paid incrementally less since that warm dog turd has since crept back up.) I've gotten pretty decent at the "read & walk away" superpower & downside protection (ala MrHolty, UCCMAL & Howard Marks...) The honesty & integrity I've been fortunate enough to be a part of here is refreshing & educational & if we (as a group) butt heads occasionally, that's all a part of it. Thanks for participating!

Sold AZO after a 40% + ST run. I think management is chasing DIFM when ORLY & GPC have a lock on. Also ignoring e-commerce & subsequently not skating towards the puck where their core customers are going to be. Hazards of operating leverage biting them in a downturn + working capital maybe going to shit if vendors regain power (GPC doesn't appear to abuse their vendors as badly.) Negative owners equity WTFK? I have no replacement & am happy to keep GPC / NAPA as I like the owner / operator model.

I'm feeling a consensus forming around "psychological & behavioral" as super important areas to develop competence in.

Dish up on ortho bro.

For all Apples' bluster, Siri still can't pronounce some of my friends names right (I've told her again & again...) I lay claim to possession of artificial intelligence.

Agreed. As it turns out, the Q in this topic is a Reggie question like those posed to Late, Late Show guests (James Corden) & the answer is "you are all correct." Not that I'd ever be a guest on the show (would kill to be invited on Carpool Karaoke), my answer is officially changed to "it's not what, but WHO is in your circle that makes you competent."

me = nothing but I'm working on healthcare delivery & pharma supply chain (or rather, others are noodling hard & I'm getting schooled in the process) entertainment & consumer (def & disc) & these are where I believe I may have a shot (which means I should totally stay away)

That book on front running by Fritzell is about this very thing.

Voting will remain open until we reach a landslide decision on clueless douche.

Holy crap. I don't think you can do that in Numbers. Giggity, where's my caramel macchiatto?

Sweet jesus, thanks for reminding me that I'm capable of being like Donald Trump if he ever became self aware. Not quite as needy now & more importantly no longer celebrating getting laid off by being high 24/7. Yay? --- Oh and death to non-innovators & pure profiteers with no real function in healthcare? CVS could become the 1st healthcare superstore (besides all the hospitals, that is.)

Should have been called The Intelligent Speculator https://www.amazon.com/gp/product/B077GSVSQP/ref=oh_aui_d_detailpage_o01_?ie=UTF8&psc=1 Just started it last night & really like it.

They should hire Masayoshi Son.