DooDiligence

I like a good story that's based on my realistic expectations. A business is a good investment when it has products and / or services that address the wants and needs of a large TAM (while maintaining the ability to fend off competitors), and has proven ability to design, manufacture and deliver at a profit, while managing its balance sheet and cash flows responsibly and intelligently. Having significant opportunities to reinvest cash flows at attractive returns for an extended period of time is a huge gravitational slingshot. It all boils down to whether I expect this business to continue operating successfully or not. The best times to enter are when a big herd rolls through with a bad attitude or as in the case of BRK, the business fails to excite the imagination of the broader market (DCA in and wait for the scales to tip). The best and most prominent professionals make huge mistakes all the time. Bad behavior is the enemy of good performance. I expect that I'll behave badly from time to time.

Edwards Lifesciences & Novo Nordisk

I've been living off my investments since around 2017 and have built a spreadsheet to calculate drawdowns to cover living expenses which includes increases in costs and generous miscellaneous expenses (which I almost never use). By my conservative growth estimates (includes potential stagnation due to multiple contractions), and very liberal expenses, I figure I can make it stretch until I hit my 82nd birthday (22 more years), and this is not taking into account Social Security income. At that time I'll still have an unencumbered waterfront home in a desirable location which I could reverse mortgage (my ace in the hole). My holdings are listed in my profile and the only 2 issues that I have strong fears for are CLB (bought a long time ago in a fit of stupidity), and SoftBank. My calculations include both of these issues going to zero. Many would say sell them and I will if I ever need to harvest a tax loss. For now, screw it. Call me an ape or whatever.. There's something very satisfying about developing an owners mindset. I'm debt free and getting less materialistic every day.

I'm not a fan of student loan forgiveness and believe there are significantly better ways to provide educational opportunities, but since we're making jokes about hypocrisy... www.nbcnews.com/politics/white-house/white-house-shines-light-republicans-are-criticizing-student-debt-canc-rcna44904

I love the way this thread lights up on certain Saturday mornings. Thanks to all who dig in to these buyback numbers.

We'll see if that inventory build is a new Fall console or just locking in materials.

epub on z-lib (you can convert to .mobi for Kindle) Capital Allocation: The Financials of a New England Textile Mill 1955 - 1985

Small but, damn! Justice Department and Consumer Financial Protection Bureau Secure Agreement with Trident Mortgage Company to Resolve Lending Discrimination Claims Mortgage company owned by Warren Buffett fined for race discrimination against homebuyers --- They're no longer taking mortgage applications. Does WEB suffocate this business under a pillow? https://tridentmortgage.com

Me 2 I have about 2/3 of what I want for a 10+ year hold.

Wasn't sure where to put this (Apple, Disney or ???) and it wound up here. National Football League Announces New Streaming Launch "With the NFL offering a streaming package, Amazon getting increased coverage of Thursday Night Football games and Apple the likely winner of Sunday Ticket, the next two years could be a huge test for the NFL to see how streaming coverage impacts viewership and advertising rates for the league."

I skipped McDonalds all through the pandemic & just recently grabbed a McDouble with fries. They're doing something different, the burger actually tasted good. Whataburger is the absolute gold standard for a great fast burger and always hot fries. Rarely discounts and not racing to the bottom with menu pricing. Byron Trott and Whataburger, the one that Buffett shoulda bought

I just bought this for $1.99 and will read it after I finish Heinlein's "Star Beast", (for the 3rd time). Looks like it might be interesting for anyone who wants to learn more about the utility industry while being entertained. Overload by Arthur Hailey "In the middle of a sweltering July heat wave that has no end in sight, California’s Golden State Power and Light is on overload. An emergency brownout is already in effect. Then, GSP&L’s newest and largest generator explodes. With four people dead and a widespread loss of power, a fringe group takes responsibility. But for GSP&L vice president Nim Goldman and his family; his adversary, investigative reporter Nancy Molineaux; detective Harry London; and beautiful quadriplegic Karen Sloan, whose every breath depends on electric power, the terror is just beginning . . . A dramatic and timely story of the people and the events leading to a crisis, Overload presents a fascinating view of the little-known world of electric power production that is vital to contemporary life." --- I wasn't sure whether to put this here or in the BHE or Worth Buying Now threads. Ultimately, it's a book so...

stay in your lane and expect delays

Thread... 5 things poor investment teams do and thus what to avoid

I'm up to 14.3% BRK.B & adding slowly because I'm a squat thrust enthusiast.

++1

Anchored to GOOGL $2100 and waiting to add, no commissions + volatility = the era of stinker bids

Interesting. When does Berkshire start to diworsify? or is it never allowed to happen?

Gotta build the next generation of great burger flippers.

More Disney. Trying to get more Google sub $2100 but it won't cooperate. Should've just bought more when it was there.

I've spent quite a few evenings just watching trailers. The movie may suck but the trailer is usually good.

Shot + Chaser ---

You've got questions, we've got answers. ---

Averaged up on EW 5 minute elevator pitch based on the last 10K also Added a little BRK & DIS Looking to add to GOOGL When I run out of FOMO $$$ (a little over 9% left), I'm going to delete the Fidelity bookmark from my browser & remove their app from my phone.

Rarely is the question asked, is our AI's learning?