DooDiligence

The kid gave him a Samsung Galaxy Fold with a Bitcoin on it. Apparently he doesn't know Berkshire owns a ton of Apple. I'm sure Warren was thrilled.

I was driving home from school the other day & saw an elderly man walking on the side of the road with a gas can. I had seen a car on the side of the road a ways back and figured it was his. He had his thumb out while he was walking so I stopped & picked him up. We chatted a bit & after a few minutes he noticed a brown bag on the floorboard in front of him and asked what was in it. I told him, "It's a bottle of wine. I got it for my girlfriend". He immediately said, "Good trade".

The president of the United States & every member of the house & senate should be required to recite, by memory, Leithner Letter No. 241-244, before being sworn in.

Why don't you like MLPs? Is it just the tax implications or are there other issues? I prefer c-Corp over MLP mostly due to ease of dealing with them (no K-1). Energy and even midstream is cyclical and volatile, so one can benefit from buying and selling at the “right time “. MLP are a pain in the butt when dealing with partial sales, distribution recapture etc. Also, 60% + of my assets are in tax deferred accounts, which are no-go for MLP (UBTI concern). I would consider an MLP (and indeed own one) for a long term holding only, preferably something I never intend to sell. I think only EPD is really of high enough quality and even there are rumbling about converting to a c-Corp. Are you forced to sell & pay the taxes in a C corp conversion? Why would they consider such a move?

Right or wrong, I'm feeling energy too. I'm not capable of meaningful analysis so I simply added to VDE this week. Cramer's a putz. He'll shift to shilling energy co's when the wind starts blowing that direction again.

Apparently Warren & Charlie don't have enough faith in Lee to simply cough up some pocket change to buy them & put the papers in their charge.

20.8% in brokerage 22.4% in 401K I thought I'd get to keep my worthless reminder of misplaced trust in Eike Batista, but those shares finally disappeared. Should've gotten a paper certificate to frame.

:o The nuclear option! This would be a good name for a Rick's Cabaret microbrew.

You could also escalate the conflict with this. www.liquidass.com ;D I'd forgo the conflict & use a nice incense instead.

Institutional interests wax & wane over time & across sectors. http://pages.stern.nyu.edu/~adamodar/New_Home_Page/dataarchived.html#corpgov It seems like just yesterday that we were going to run out of oil soon, and then we were awash in the stuff. Predicting supply & demand is like predicting hurricane tracks. Better to just say there will be hurricanes. Energy will go down & it will go up, and down & up, and down & up... I like my chances with VDE. I was an idiot for buying CLB.

Exactly. It's largely because we're worried about making a mistake & disappointing an audience. When a player focuses instead on the enjoyment of the game, their performance will flow & they'll easily adapt when mistakes are made. Few people in the audience will even notice small errors. --- edit: do it for your own enjoyment & anyone watching will come along for the ride. I'm going to watch this video again this afternoon.

Thanks for a nice reinforcement of a skill I've been working on recently. I've found that memory can be superficial or it can be deep. I can usually memorize a musical piece fairly quickly but have found that when I play it in a performance environment, recital or jury, there are issues with recall. I've been focusing on learning things quickly instead of learning them deeply. Fortunately, I've been able to develop enough composure to play through mistakes while maintaining tempo. Over the semester break, I read a book called the Musicians Way & the author spent time discussing the subject of superficial vs deep learning. It's just as your video outlines. --- Goal - Play a piece from memory under stressful conditions. Focus - Learn a phrase at a time. For difficult passages, concentrate on a single measure at a time within the piece. Feedback - Get instructor guidance on articulation & making improvements in dynamics & expression. Comfort zone - gradually increase the tempo & try to read while playing instead of just playing from memory. --- I highly recommend music, and specifically performance, to anyone interested in improving memory skills. Performance can be simply playing for / with family & friends & it adds stress which tests your memory.

I really like Vanguard's dilapidated look (though sometimes I get the updated screen edition and it looks worse). I keep my core holdings there and the interface is so clunky it pains me to even think about trading on it. This is probably the reason why I haven't had many sell transactions on Vanguard over the years and that portfolio has been outperforming my actively managed account by a wide margin. I guess, I'm glad that the fees are now 0. :) I like the way you think.

Yes, as long as you don't overpay for something that breaks down on you.

Is it soapy with exaggerated overacting? I've recently watched, again, Ken Burns' The Civil War. Fantastic, as always. The Expansion season 4 and The Witcher are coming soon, looking forward to both. I don’t think “The Crown” has any overacting, I found the acting exquisite. It’s a bit like Downton Abbey in a way, except all the characters and events are real. The season 1 was slow at times and I almost thought I would skip and look for something else, but Season 2 and especially Season 3 got better and better. Speaking of the UK, I just finished watching all 3 seasons of "Harlots" on Hulu. Good show. If you like UK stuff I would highly recommend "Endeavor" and "Inspector Lewis." Excellent acting, great character development. Endeavor tends to have a little bit too complicated plots, but the best characters and acting. Fleabag is great too, on Amazon Prime Video. Fleabag is friggin' hilarious. Not at all what I expected.

I just watched the 5 Takeaways of the Intelligent Investor. Very well done and I really like the "5 Takeaways" format. The bar hopping / Russian roulette analogy is brilliant. Next up, Poor Charlie's Almanck. Thanks

Thanks to Spek for bumping this. I needed a laugh & have found another virtual kindred.

Thanks, I'll check that one out. I had Sling for a month last year & it came with Bloomberg & CNBC. I found CNBC to be mostly a bunch of chest beating nonsense. Bloomberg was full of informative stories & interviews. I can see how CNBC would be more popular in todays world.

I've missed Paul Kangas for a while now & noticed that since CNBC took over production, NBR has not been on point. I also miss Louis Rukeyser.

Nice, a 1st/1st. No recent comp sales on eBay but there are a few listed (mostly 1st later printings). I'd keep it.

I bought Core Labs based entirely on historical ROIC's, thinking that I'd picked a bottom on price & industry activity. To compound the error, I averaged down a bit on the initial drop last year. I've successfully resisted the urge to BTFD since the dividend cut. CLB had been on my watchlist for a long time, much like NVO had been, and I was attracted to their stellar historical ROE's & ROIC's. The big difference is that CLB's market is a basket case whereas NVO's is growing albeit with potential problems regarding governmental interventions. I've owned VDE since 2016 & added when it dipped in 2019. I'm not in it for a quick gain but if it were to pop on some earth shattering news event, I'd sell & watch for another drop.

Let BRK subs do the sleuthing, negotiating & closings. I'm sure many of them have wish lists. --- At 1st I thought you were suggesting he buy Greenland :o

Those 3 are challenging but the results are well worth the effort. Sometimes I'm good at it & sometimes not. It takes conscious effort. I feel lucky to be able to virtually associate with so many people on CoBF, like yourself, who are constantly improving themselves.

I've always written New Years resolutions but for the past 3 years I've documented them in Pages. On 1 January I print them & throughout the year I make handwritten notes on progress. On New Years eve I use a colored pencil to grade progress. The new resolutions are official now. Tests from the universe, big & small. --- edit: I really like your idea of an annual letter. It's a great way to celebrate the investments you've made in life. New_Years_Resolutions_2020.pdf

I second that. http://www.tunawish.com/images/castanza.gif