DooDiligence

Noice! $90B 2 go is exactly what I thought when I saw it ;)

That makes sense.

https://en.wikipedia.org/wiki/List_of_European_railways Crap, they're all state owned. Who needs money though?

I think the stress of what he's done has been too much and he's gone batshit crazy...

Not an elephant but interesting. http://investors.applegreenstores.com Courtesy of @Wexboy_Value on Twitter.

Added a little DVA in my tax advantaged account. Hopefully the market isn't signaling the demise of the DMG UNH deal.

Go Berkshire!

I hadn't considered that.

BBH for a 30ish % gain in a non-taxable account. Slowly paring down the number of things I own.

Hi wachtwoord, I'm not sure this is worth time spent especially in terms of short-term forecasting but if you give importance to where we may be in the cycle, here are some useful tools to answer your questions: https://www.brandes.com/docs/default-source/brandes-institute/2018/the-cape-ratio-and-future-returns-a-note-on-market-timing.pdf From an academic point of view, models are never wrong and one has to adapt the reality to the model. ::) People who publicly discuss these valuation models as potential forecasting tools tend to mention that deviations can occur and say that pendulums do swing and underline that they will eventually be proven right but broken clocks can also be right. In reality, as individual investors interested in that line of thinking we have to decide which scenario applies: -markets can sometimes stay irrational for long periods -this time is different It's interesting because the opening post referred to an article written by Mr. Buffett in 1999 (I still have the original article with contemporary hand-written notes on it) and, from 1999 to today, his “prediction” about reasonable expectations ended up quite prescient. Maybe that's because of his long-term outlook and because he avoided to think in a binary fashion. I guess then that it would be reasonable to maintain a similar outlook for the next twenty years with a nearer-term path defined by ultra-low interest rates (whatever the implications of that). BTW, I meant to ask you a question about Bitcoin but found out the fundamental explanation behind the price action: the price of avocado. :) https://www.newsbtc.com/2019/04/03/analyst-bitcoin-btc-likely-to-continue-surging-to-5500-but-significant-pullback-is-imminent/ I'd rather eat an avocado but to each his own. https://diegorod.github.io/WillMcAfeeEatHisOwnDick/ :D

"You will continue to suffer if you have an emotional reaction to everything that is said to you. True power is sitting back and observing things with logic. True power is restraint. If words control you that means everyone else can control you. Breathe and allow things to pass." I originally saw this on @WarrenBuffettHQ but that Twitter account is suspended now for some reason. --- edit: Let me add: "don't be trolled" (easier said than done...)

Who knew that a discussion about politics could take such a useful turn?

The Beast That Shouted Love at the Heart of the World https://www.amazon.com/Beast-That-Shouted-Heart-World/dp/B0007GMJXI/ref=sr_1_fkmrnull_1?crid=3APKGTUH6KLX5&keywords=harlan+ellison+the+beast+that+shouted&qid=1554043798&s=gateway&sprefix=ellison+beas%2Caps%2C314&sr=8-1-fkmrnull

It gotten wayyy better since poliBS got sandboxed. I am usually able to look away when passing an accident in traffic & the same applies to the politics section. Do yourself a favor & acknowledge that it exists and simply look away.

I'll toss another penny in to make more cents.

Twitter has been getting jammed up with poli-nonsense for a while now too. I recently discovered that you can mute keywords. A few choices that have done a lot to clean up my feed: Politics Political Republican(s) Democrat(s) Congress Senate SCOTUS Trump + I'm quick to block just about anyone who regularly posts poli-BS.

CLB

It exists so we don't have to do this. http://uglymule.com/images/fingers-in-ears.gif

Cigarbutt, the Michael Jordan link is got me laughing so hard, I am going to S..t myself. Forget this investing stuff. Now that basketball has been made simple in 20 EASY steps, I am going to start working on those. It will be a Cinch. Look for a 5 foot 6, finance guy playing for the NBA Washington Wizards in about 12 months. PS- Step 4 is practice, but there is no step to tell me how to Slam Dunk or Alley-oop. Maybe I will Google the 4 easy steps to Alley-oop in just 30 days.. ;) Earl Boykins was 5' 5" & signed to the NBA’s Washington Wizards in 2009. He subsequently went on to play with the Milwaukee Bucks and the Houston Rockets. https://en.wikipedia.org/wiki/Earl_Boykins

I'm studying Beethoven's 32 variations because they're making me do it. I will never reproduce his performance ;D

Digging into footnote 2 on WEB's comp. https://www.cnbc.com/id/47605253 Wear a cup.

So much for the US Health Care System. If you are a healthy person in good mental shape, alone maneuvering this system may eventually put you on medication. I'm deeply distracted by the sunk cost fallacy & find it difficult to sell shares of MO which are slightly underwater. I know that I should sell if I don't believe that management is making good moves (and I don't.) I should turn that into an if/then statement & see if it's a tautology. Or would it be better to use a Venn diagram?

I'm single & was paying for drinks at the FloraBama last night. I feel a lot more sane today. That is all. ;D

Why do you sell your lower cost shares ? You should sell your high cost shares, perhaps take a loss and either wash sale it by parking in another tobacco stock or just rebuying 31 days later. Read my signature below. The part right before the Twitter link. [edit]: i forgot to add that I'm also still long MO Calls - Jan 2020 $52.50's & Jan 2021 $50's (fingers crossed...)