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matthylland

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  1. Guy Spier does file 13Fs: https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001404599&action=getcompany However, not really sure where Dataroma is reporting the Tweedy Browne Value Fund from. Dataroma seems to also include Mutual Fund reports. Maybe the Tweedy Browne data is from that? Thanks jondoug
  2. That Voodooking, Yeah I guess the title of this post says 13Fs, but really there are many more filings than that. I see annual reports and other documents filed on the SECs site, but again, nothing that has the latest Dataroma updates. But good point on foreign investors not reporting with SEC.
  3. This may be a dumb question, but after searching and finding no answer I figured I'd ask... Where else do sites like Dataroma scrape their information from besides SEC filings? For example, as of right now the latest update is for Tweedy Browne Value Fund: http://www.dataroma.com/m/holdings.php?m=TWEBX Dataroma shows update as of 12-31-17. It shows sells of Kia, BRKb, SHPG, and PM. But the latest SEC filing I see for the company was December 2nd: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000001301&owner=include&scd=filings&count=40 which does not include the latest portfolio changes per dataroma. I'm just curious what I am missing anything here. Where is dataroma getting their data? Tweedy Browne website does not provide any extra info from what I can see.
  4. Towne bank (ticker TOWN) is a favorite of mine. I owned Monarch Bank (MNRK) for years, towne purchased them over a year ago and I have held on since much of Monarch's management stayed on. Conservatively ran (NPA around 0.2% if I remember right off the top of my head), great record of dividend increases, profitable through 08/09, and inherited a great mortgage business from Monarch. Company gets about 40-45% of revenue from non-interest sources currently, but should be lower if/when yield curve gets back to normal. Ceo has a successful history with 2 other banks that were both purchased and gave shareholders great returns. I know you make it to MKL shareholder meetings, this is just an extra hour and a half south and usually includes a good lunch and talks from management. I wouldn't say shareholder letters are anything amazing though. $2 billion market cap. Maybe obvious disclosure, but I own TOWN so every comment above is pretty biased!
  5. Both issues are down $70-$90 from highs as rates have risen. Back under $1300 conversion value (though since that is likely a ways off, I doubt it would matter much in long term total returns). I have been close to pulling the trigger on these for a while. Thinking a little harder now.
  6. Am just staring my research into Dillard's this week. It popped up on Ben Graham's enterprising investor screen this quarter (which really just means current ratio > 1.5, price/tangible book of < 1.2, paying a Dividend and history of positive earnings). Not that I blindly buy stocks that make the screen, but I like using it as a way to weed out 90% of what's out there and then deep dive into a few that seem interesting. Like you, the contrarian in me is attracted to the sector since it "seems" all but certain the whole industry will be replaced by AMZN!
  7. Thanks Viillainx, I certainly agree about people expecting miracles. I know your advice will certainly help him. I don't think I have that exciting of a story. "Investing" is not my day job, My portfolio now of about $150k is split almost 50/50 between funds (within the TSP) and individual stocks in ROTH IRA. But I make almost no trades now. 0 in 2016, 1 so far in 2017...funny since I used to watch 5minute charts and buy and sell options intra day, haha! I started reading a lot of Wall Street history....I think that helped me understand what the "normal" is. Stocks go up and down, things happen, and that's ok. I think learning that history desensitized me somewhat from the everyday ups and downs. I was just really hoping to convey the message that I think my lesson of losing a couple thousand doing incredibly dumb things early on (hoping for miracles!) is probably (hopefully) the reason I will not make those mistakes with 100x that amount. No amount of talks or reading could have replicated those emotions of losing a lot of your money (as small as it may be at the time). Maybe it's like learning to ride a bike. You could sit your nephew down in a chair and talk to him for hours about safety, how to pedal, etc. or he could just go out and try, guaranteed to crash at first, but at least he'll crash now before he is grown up, weighs 200 pounds and is going 30 mph down a hill. All that said, maybe if I had a good mentor like you growing up I could have combined the lessons of failure with at least 1 or 2 smart decisions and also come out a little ahead money wise. I didn't mean to convey that I think your warnings, tweaks and encouragement is bad by any means.
  8. I started investing in 2007 at age 19. My first couple thousand was used to buy a few stocks and a mutual fund. Then as the market crashed i sold, bought puts and bought double inverse ETFs toward to bottom, then bought ford at $2.12 per share and was extatic to be able to make a great "trade" by selling it for $3 just a couple weeks later. I'm pretty sure I turned $2,500 into $800 in less than a year. I cringe thinking about how much I lost on those stupid trades....but all that said, it was the best investing lessons in the world that I'm not sure I could have learned by listening to an uncle tell me to invest differently or by reading a book. Would I have been better off today by not doing anything with my money? Probably, but I honestly think that $2,000 lesson taught me a lesson that I would have otherwise learned with tens or hundreds of thousands of dollars later in life during the next correction. I'd say let him have control over at least a chunk of the account. What is the worst thing could happen?
  9. Thank you for posting! I love this line: "Beating the market by 4% is a tall task, though a recent article stating that 60% of millennials trade on Trump tweets bolsters our confidence that we've got a fighting chance."
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