DooDiligence

Yes, and the degrees should be repossessed in the process. Agreed. We're breeding an entitled, irresponsible society.

If worms had machine guns, birds wouldn't fuck with them. Tell me how you would have known?

I think the income share programs are a wonderful alignment of incentives which should most definitely have some regulatory oversight to avoid abusive practices. One of my friends graduated the music program last semester & started studying full stack web development through www.lambdaschool.com (not an accredited program) He came to the conclusion that an AA in music wasn't enough & he wasn't interested in going on through the BA & MA programs & becoming an orchestral musician or a professor. I can't say that I blame him for deciding that he'd like to actually make a living wage & have the option of making some extra fun money with music. Since starting at LAMBDA he's learned HTML, CSS & Javascript & will be continuing through the program which he says he enjoys. No cash outlay & as per their website, "Under an ISA you agree to pay 17% of your post-Lambda School salary for 24 months, only when you're making more than $50k per year (or the equivalent of $4,166.66 per month). The income share agreement is also capped at a maximum repayment of $30k, so you'll never pay more than $30k under any circumstances." --- I've read a Reddit that criticizes the program for basically not handholding you after you get through the basics, but in my experience most instructors do not force feed the course material to you & I tend to read between the lines of these negative comments. At first, it annoyed the crap out of me that my music theory instructor would require us to read a chapter before the lecture. Almost everyone in class had the same opinion mainly because after you read the chapter you'd come away confused as shit, but then, lo & behold, the lecture would make things a bit less muddy & then after you did the assigned homework exercises all would become clear as glass. The instructor was always receptive to office visits & when he saw you were working on the material he would gladly spend extra time to clarify things. Who knew you actually had to work for an education? IMO, youngsters are being pandered to by far left politicians & oldsters are being pandered to by the neocons. Neither will get what they want if they wait for a handout. There seems to be no center anymore.

You are correct sir. https://therealdeal.com/miami/2019/06/20/so-long-ewm-coral-gables-brokerage-rebrands-as-berkshire-hathaway-homeservices/

Look through who Liberty & Blugrass follow (there are others here who are equally as good but it'd take forever to list them.) Basically just find accounts you like & back-trail who they follow. FinTwit is definitely worthwhile & if you mute political keywords it will make your feed a lot more focused. I also block anyone who consistently posts politico-nonsense.

Too hard pile.

https://www.bloomberg.com/news/articles/2019-06-19/axalta-to-consider-sale-of-company-as-part-of-strategic-review

South Florida luxury realtor joins BRK Home Services. https://www.bloomberg.com/research/stocks/news/article.asp?docKey=600-201906201103KRTRIB__BUSNEWS_10080_4715-1&ex=true&ticker=EXPE

I sold the rest of my Apple too & will be happy to get exposure to them through BRK. Also sold: 1/2 of my Charter for a 50ish% gain in a bit over a year & will hold the rest in a tax advantaged account until whenever (Thank you Liberty :) ) 1/2 of ABEV for a 16ish% gain & will hold the rest in a tax advantaged account until whenever also. 20% of my Disney for a 38ish% gain & will hold the rest in taxable account until same. --- Marshaling cash (again) & I would repurchase any of these on significant weakness (probably...)

Reduce your property taxes with goats, maybe? See the last sentence in this article for a quick explanation. https://money.cnn.com/2016/10/25/news/companies/donald-trump-property-tax-fights/?iid=EL

Excellent read on quality brands & avoiding doing dumb shit for the wrong reasons. See's is discussed as a comparison in strategies. https://www.privateinvestmentbrief.com/blog/the-quality-brand-mittelstand/

Byron Trott just bought a majority stake in Whataburger (undisclosed sum & %). https://en.wikipedia.org/wiki/Byron_Trott --- Great looking franchise where you NEVER see discounts. https://www.qsrmagazine.com/fast-food/whataburger-sells-majority-interest-bdt-capital-partners https://en.wikipedia.org/wiki/Whataburger --- Seems like WEB would have a burger with this guy occasionally.

http://www.betterinvesting.org/Public/Clubs/default.htm https://www.aaii.com

Fully agree but in this case I'd add life cycle cash flow / portfolio management. The OP must consider income needs / sources & plan investments / draw downs accordingly. I'm slowly changing my risk tolerance & trying to stagger runways in buckets (today is funky mixed metaphor day...) edit: easier said than done. --- Kudos to the BRK Letters recommendation. Should also examine ability to be patient vs trader mentality.

Thanks, I thought I was missing something but not... --- I bought EW in 2013 about the same time I started reading on CoBF. I read up on the business for a month or so before buying. At the time EW was going through a patent litigation with Medtronic over TAVR. They also had lawyers trying to get traction on a class action suit over supposed overstatements by management. The claim was that the company said "so & so" which led shareholders to believe TAVR was going mainstream & even I could tell this was BS as they had clearly stated that the product / procedure was only for patients who couldn't tolerate having their chests cracked open for valve replacement. They never got a lead plaintiff for the class action & I got lucky when they also won the infringement suit with MDT. I got super lucky on LEAP calls which went crazy post judgement & I also sold off a small portion of the equity so that I'm way in the black & playing with house money on the position. I thought I'd try to recreate this setup with equity & LEAPs via MO but so far no good. I guess since they're killing people instead of saving them? I still believe that TAVR will eventually reach a wider audience & will continue to hold on. I have no basis for this belief other than past performance ??? Lucky

WEB is not immune to being scammed. Oldish news but I haven't heard any discussion of this here. https://www.latimes.com/business/la-fi-berkshire-hathaway-dc-solar-tax-credits-20190604-story.html

Seems like the guys at TRC are as stupid as whoever tenders their shares. https://www.massdevice.com/edwards-adds-1b-to-share-repurchase-program/

Why :o would anyone take TRC up on this? https://www.prnewswire.com/news-releases/edwards-lifesciences-recommends-stockholders-reject-mini-tender-offer-by-trc-capital-corporation-300860723.html

OXY + APC = WOW https://twitter.com/mr_skilling/status/1137031496986955776

The Ballad of Buster Scruggs on Netflix. Funny, tragic, sweet to super sad & odd. Liked it.

Should be a lot of chewing sounds from WEB while crypto boy tries to pry $100B out of him.

Uncle Carl doesn't like the Berkshire financing deal with Occidental. The suit questions Occidental Chief Executive Officer Vicki Hollub, who fended off a competing takeover offer for Anadarko from Chevron Corp., as well as her deal with Buffett. “A ninety-minute deal ‘negotiation’ with one of history’s canniest investors, is no place to gain M&A experience -- at least if you care about protecting your stockholders," the suit said. The suit also criticizes the $8.8 billion agreement to sell Anadarko’s African assets to Total SA. “From all appearances it seems that Occidental sold these assets in a quickly arranged fire sale before it even owned them.” https://www.bloomberg.com/news/articles/2019-05-30/icahn-challenges-occidental-s-hugely-overpriced-anadarko-deal

I bought more BRK (also). I wish it'd absolutely tank.

Netflix - Rush: Beyond the Lighted Stage I wore out 2112 when I was a kid & have liked them ever since. This documentary shows a trio of unique & amazing musicians who are also great guys. Very down to earth & no overblown egos. What a body of work too.

What is RuleNumberTwo again? https://www.collaborativefund.com/blog/five-lessons-from-history/ "Long-term success in any endeavor requires two tasks: Getting something, and keeping it. Getting rich and staying rich. Getting market share and keeping market share. These things are not only separate tasks, but often require contradictory skills. Getting something often requires risk-taking and confidence. Keeping it often requires room for error and paranoia. Sometimes a person masters both skills – Warren Buffett is a good example. But it’s rare." Nice :) “The dead outnumber the living fourteen to one, and we ignore the accumulated experience of such a huge majority of mankind at our peril.” --- edit: Lesson #2 sounds a lot like Musk. oops, another edit: (should stop commenting as I read) (the author gets to the parallel to Musk)