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Everything posted by DooDiligence
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Buffett/Berkshire - general news
DooDiligence replied to fareastwarriors's topic in Berkshire Hathaway
"All in all, we have no possibility of eye-popping performance." -
Buffett/Berkshire - general news
DooDiligence replied to fareastwarriors's topic in Berkshire Hathaway
That'll save me a pair of underwear. -
Buffett/Berkshire - general news
DooDiligence replied to fareastwarriors's topic in Berkshire Hathaway
I'd crap my pants if it was Nintendo. -
Pull my finger
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What are you listening to ? (Music thread)
DooDiligence replied to Spekulatius's topic in General Discussion
Apple's had a year now to learn what I like (jazzy, funky, lofi with stabs of Les Claypool) but it still sends questionable recommendations. I've never tried Spotify but might give it a whirl. It’s easy to hear how hip-hop descended from jazz: Not only are both rooted in Black expression, but both depend on that alchemical confluence of rhythm and mood we call flow. So when we say “jazz” here, it isn’t jazz in the traditional sense but jazz as filtered through hip-hop pioneers like Q-Tip, Madlib, and J Dilla before being passed down to a whole new generation of beatmakers whose music—low-key, chilled-out, intricate but subtly so—tweaks the sound while keeping tradition intact. Our editors update picks here regularly, so if you hear something you like, add it to your library (IOW, get off your bum and curate some mix tapes bc we're kinda meh at it). https://music.apple.com/us/playlist/lo-fi-jazz/pl.1c1744bbc1174cf2880c53b302d428a0 -
I'd rather hear "guidance" on operational matters and leave the numbers projections off. "We're gonna do this, that and the other thing. Tune in to the next five or ten 10K's to find out how it all worked out financially."
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This is why I come here.
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Buffett/Berkshire - general news
DooDiligence replied to fareastwarriors's topic in Berkshire Hathaway
Here's a Reuters of the same. https://www.reuters.com/business/finance/warren-buffett-tells-citigroup-ceo-fraser-keep-going-with-overhaul-source-2024-01-20/ -
If I were you, I'd upvote this post.
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Buffett/Berkshire - general news
DooDiligence replied to fareastwarriors's topic in Berkshire Hathaway
Byron Trott, friend or foe? How much did he know, about the Haslam's? https://www.afr.com/companies/buffetts-latest-deal-involves-his-favourite-banker-20171004-gyu3ht -
Yet it somehow seems appropriate that when ordering a crap burger, it should be done through a similar UX.
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If she can't remove an appendix she's not a doctor.
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Whoda' thought AMC could screw this up? I went to this place in Mobile, AL and it was smashing. https://www.nexuscinemadining.com also went to one of Mark Cuban's Landmark Theatres in Coral Gables and thoroughly enjoyed a truly lousy movie because the seats were so comfortable and the sound was perfect. Also had tasty raspberry Mojitos!
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I Googled and read a bunch of SWOT's and they all say the same thing(s). Biggest threat I see would be if they came out with a line of transgender Hershey bars. They already offer with or without nuts and I worry that might become an issue : ] => Seriously though, a stupid domestic acquisition spree could screw things up. To me Hershey looks like the Louis Vuitton of US chocolate. Boring and predictable with lowish but acceptable growth prospects. Thank Ozempic for the fear. I'm not a big chart guy but this was at a 52 week high last May and has steadily made new lows with a few little upturns along the way. I bought a small tracker and am hoping it goes sub $180 and maybe lower for a long term hold. We'll see. https://finance.yahoo.com/news/hersheys-bitter-ending-to-2023-shows-innovation-will-be-key-to-success-in-2024-says-analyst-203431326.html Can this be moved to the Hershey thread?
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I'm up 30ish percent in both taxable and non. Some of what I own rallied after being down at the start of 2023 and I had a few recent dumb luck picks (GOOGL and a quick ride up on SMH). Intel has rallied and I sold everything in non-taxable last week for a small gain and started rolling the proceeds into Hershey. I think Hershey will continue selling a crap-ton of chocolate and savory crunch snacks. I like that they acknowledge defeat outside of the USA and haven't tried to buy their way into foreign markets. I've made nice gains with NVO on the Ozempic hype and think Hershey could be a winner if they are not affected by widespread US societal dietary changes over the long term. This is an iconic American candy manufacturer with roughly 2 week product development times and the ability to chocolatize anything and slap the Hershey name on it. That's a lot easier to understand than Intel and I'll sell all of what I own in taxable in 2024 and likely roll the proceeds into HSY. https://techandmedialaw.com/hershey-trademarks-a-symbol-of-love/#:~:text=The Hershey's Kisses® packaging,words%2C logos%2C and design.
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Buffett/Berkshire - general news
DooDiligence replied to fareastwarriors's topic in Berkshire Hathaway
the Squishmallow Wars -
Glazed Doughnuts and Gumbo Key The Hole Story How Krispy Kreme became the hottest brand in America McAleer put on 3 Gumbo Key music festivals and I hit them all. Gumbo Key Festival: A Victim of its own Success
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What are you listening to ? (Music thread)
DooDiligence replied to Spekulatius's topic in General Discussion
Nice. That guy is a monster touring machine. Are you seeing him live? -
Audiotape Appears to Prove Trump Capable of Reading
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I hope Warren was with him when he passed and that it was peaceful. Last words from Charlie?
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A sad day. RIP to the GOAT It takes character to sit with all that cash and to do nothing. I didn't get to the top where I am by going after mediocre opportunities. If you keep learning all the time you have a huge advantage. People calculate too much and think too little. A majority of life's errors are caused by forgetting what one is really trying to do.\ Knowing what you don't know is more useful than being brilliant. It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent. Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind...when you're young it's easy to drift into royalties and when you announce that you're a loyal member...and you're gradually ruining your mind. People should take away less than they're worth when they are favored by life...I would argue that when you rise high enough in American Business you've got a moral duty to be underpaid No man is fit to hold office who isn't perfectly willing to leave it at any time... We recognized early on that smart people do very dumb things, and we wanted to know why and who, so that we could avoid them. We have three baskets for investing: yes, no, and too tough to understand. Live within your income and save so you can invest. Learn what you need to learn. It's waiting that helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred -gratification gene, you've got to work very hard to overcome that. A great business at a fair price is superior to a fair business at a great price. The big money is not in buying or selling, but in the waiting. A lot of people with high IQs are terrible investors because they've got terrible temperaments. We're not interested in taking a substantial chance of taking a lot of very decent people back to 'Go' so we can have one more zero on our net worth. The liabilities are always 100 percent good. It's the assets you have to worry about. Mimicking the herd invites regression to the mean. Everywhere there is a large commission, there is a high probability of a rip-off. You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas. No wise pilot, no matter how great his talent and experience, fails to use a checklist. If something is too hard, we move on to something else. What could be more simpler than that? The best armor of old age is a well-spent life perfecting it. There is no way you can live an adequate life without making mistakes. Invert, always invert: Turn a situation or problem upside down. Look at it backward.
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Nice suggestion, thanks. Here's a quick breakdown by one of our own. Makes a nice refresher. From the title, I thought this was going to be a Howard Marksish, "How to Avoid Reverse 100 Baggers". It kind of is. https://www.amazon.com/100-Stock-Market-Distinguished-Opportunities/dp/1626540292
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GOOGL pre-split and then sub-$100 was a gift.