villainx
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Posts posted by villainx
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Also value of the cash is ... cash to readily deploy.
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That's the last hurdle?
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Wondering why Berkshire doesn’t have an arm in its business to do CSU type smaller deals. I know in grand scheme of things it won’t be needle moving but the company already has Sees and Diary Queen, and can do more in that space. At the least it’ll build a competent group of acquirers and managers. Maybe the risk isn’t worth the small rewards, but just waiting for an elephant to come to crosshairs leaves a lot of smaller worthwhile game to pass.
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17 hours ago, dealraker said:
So in my investment club which began in 1954
So interesting! How often do you guys meet nowadays?
I toyed with an investment club in college and - youth and lack of mentor/role model/proper research - it ended in a few months.
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1 hour ago, Parsad said:
I think markets had a pretty good idea book value would be significantly higher, thus the stock had a nice run up. Now it will probably continue to rise moderately as we approach each quarterly report, because the markets know that there will be consistent growth in book value for several years. The bulk of the gains from where the stock hit bottom have happened. Now it will be based on annual growth of book and any market speculation where the multiple of book or earnings might be marked higher. Cheers!
It depends on time horizon, but if quality is good, I'm okay with moderate price action. Berkshire staying in the 1.3-1.4 book range for quite a long bit of time allowed me to accumulate. And it allows for better buyback.
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16 hours ago, Viking said:
Murad Al-Katib, President and Chief Executive Officer - AGT Food and Ingredients.
On September 19, 2023, Murad gave a 75 minute talk to his Alma Mater, Edwards School of Business in Saskatoon, Saskatchewan. Great history and overview of the company. Pretty amazing what he has been able to accomplish.
Click the link to watch the YouTube video:
https://youtu.be/DzE9ypecdI8?si=cxvsU3EeXoXGzELc
Thanks for this.
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@gfp Thanks for sharing!
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14 minutes ago, valueventures said:
I view conglomerates as a "semi-passive" approach. I've been putting new capital into FFH, NNI, etc. since I view them as more attractively valued at the moment, but I don't need to worry so much about the idiosyncratic risks associated with stocks that only operate a single business line, product, etc.
Similar. Or they enhance with idiosyncratic indexing: exposure to very different industries, markets, etc that a VOO don't often hit. At the same time, scratches enough of the itch if one likes to keep up with market/investing research.
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4 hours ago, Luca said:
But small caps can easily beat large caps here and MAG 7 are a massive crowded trade right now.
Not the small caps stocks that I've been investing in. Or it hasn't yet.
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On 1/22/2024 at 7:45 PM, Thrifty3000 said:
my number one priority is the quality and growth potential of MY earnings.
I'm definitely been working on this. Thanks though. The way you put it is eloquent and actionable.
It's hard to break bad habits.
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19 hours ago, Thrifty3000 said:
I wouldn’t be surprised to see the share price increase 35% this year - barring any black swans.
I'm so unsophisticated an investor.
Price stays low, great for buybacks, but I get impatient, should I just sell to move to something with more upside.
Price goes up, what are they doing buying back shares?!?! maybe I should buy more if it keeps going up.
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Picked up some SAVE calls.
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16 hours ago, Luca said:
Yes, if anybody can recommend me good restaurants and other good things to do in Japan/Osaka and Kyoto Area, out with it!
My fam are mostly vegetarian/pescatarian (I'm not). But Kyotofu Fujino was completely amazing: https://maps.app.goo.gl/hF8b7VPdotVbGPzM7 It's a tofu specialty restaurant that we went for lunch before taking train back to Tokyo. This place had long been recommended to me and now I totally regret not going there during my previous visits there.
Not a specific recommendation but we've always found really worthwhile izakaya, yakitori, soba, etc places near our lodging.
And as much as the temple/shrine/institution is the attraction, the supporting snack/restaurant/trinket shops surrounding the attraction are worth wandering around in, Arashiyama, Kiyomizu-dera, etc have fun supporting food/shopping areas.
And if you don't have time to go to a hot spring, a local bath house is fun too.
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I've been working on reducing Apple % of portfolio. It was upper 40s% two years ago. Obviously, it's great when Apple has a strong year, but 2022 was complete disaster.
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+48% taxable
+31% non taxable
+41 combined. ~40% position in Apple ... so nothing I did really mattered?
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And the old thing where most companies Canadian and European companies are expected to pay dividends to have certain investors and index inclusion.
Thankfully I'm not part of the highly compensated cohort that have to worry about potential taxes. Oh wait, that's the wrong kind of thankful.
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16 hours ago, RedLion said:
This has been a water the flowers and pull the weeds type portfolio
I thought I was watering the flowers but some have turned out to be weeds.
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29 minutes ago, Luca said:
All this probably does is justify his salary and position as a professor
once you have a model up, it’s not that much work to add companies to it, or adjust it.
and it’s good for weighing various companies, looking at levers and whatnot, and to keep track of moment in time analysis (like historical track record).
I agree it’s a little one dimensional but I assume it isn’t his sole basis.
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If you think textile is going to make a comeback…
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I completely don't remember that section from Snowball.
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so the real question is preparing for post Ajit?
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Happy holidays!
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1 hour ago, MarioP said:
It won't be the same without Buffett. But I think we can hope for something similar to Apple under Tim Cook. The company is different but still great.
I've been worrying a bit about JPM Chase when Jamie Dimon retires. Dimon looks okay in the recent videos of his, but at the same time, he does look/sound older.
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On 12/5/2023 at 9:58 AM, schin said:
Again, my questions is.... it's great that Charlie found financial freedom and something he loves to do..I have near heard of something being an investor and say, I rather be a lawyer...
@schin, I'm not sure I understand your question, or your question is not clear.
Unrelated, I was listening to a podcast (Animal Spirits) that was discussing Munger's interview with Becky Quick. Munger said something along the lines that he would have started investing earlier, or just generally be better, smarter, harder working at it, which would have made much more wealth. The podcasters implied that Munger was envious of greater wealth generally or envious compared to Buffets' wealth. When any simple understand of Munger would be so far from the case. If anything, my understanding is that Munger was very generous to his family and charitable giving. That he otherwise would have many times his net worth today.
Buffett/Berkshire - general news
in Berkshire Hathaway
Posted · Edited by villainx
As someone who cannot stand Trump, and identify as extremely liberal, I'll say what NY AG did was awful. I'd go so far as say it's stomach turning disgusting.