EdWatchesBoxing

Morningstar probably charges for data older than 15 years.

Thanks. Those links were good reads. I'm pretty sure that Hermes also makes stuff in China, or they're planning on moving some of their production over. I'm sure that some of the people that buy these luxury goods only want it to show it off. Some many not even care where it was made. I wouldn't be surprised if all the denim and clothing sold at the Buckle were all made in China, but their merchandise isn't the high end stuff.

Do you know of any brokers that have become multimillionaires through their selling? Sometimes I wonder if it really is lucrative to get into sales. I've heard drug sales reps make a lot of money. This sounds like it could be pretty easy money.

I like to follow luxury goods companies. I would say coach is close to the bottom. one of their leather bags costs about $350CDN (not the cloth crap). Ferragamo or a Prada bag will cost over $1000. In terms of price, I think Hermes is a good one, their Berkin bags seem to appeal to the rich and these bags can cost the same as a car. However, I've noticed that Coach's ROE is much higher than Hermes. This is probably because all of Coach's stuff is made in China. It's funny how people will buy those bags with that fabric C all over it. Some of their leather bags are nice though. The women in my life have taught me a lot about these goods. The Buckle seems to have some success selling teen clothing without having to discount too much. They seem to be very service oriented. Fossil's got to be doing something right too. I think that these types of companies are in niches. As long as they don't grow too big, they can be cash cows for years.

I still remember when they had their rule breaker and rule maker portfolios on their website for everyone to see. I follow the fool on twitter. They will have some good articles from time to time, but their spam emails are shit I like Jeff Hwang's articles the most, but it's because I have his poker book and he writes about the casino stocks.

I 100% agree with the luck component. Even coin flips that pay you 3 to 2 can wipe you out if you get hit with a dry spell. My thinking has always been to pick myself up and rebuild. Of course, I was probably laying 3 to win 1 unit on coin flips when I was just starting.

If this happens, I'll definitely sellout and be done with this shitty pulp business. I just can't keep myself from thinking that FBK is a way better situation than being paid 2 or 3 to 1 on a coin flip. I feel that we're playing with loaded dice and have high max odds at the craps table. I remember hearing a story about a guy who put all his money in USG when buffett was in it in the early 2000s. I recall the ACB was way under $10. I wonder if he sold over $100, before the shit hit the fan and the cycle turned downward.

How is Sears a controversial business? Did they start selling porn or something? Just read the PR about the BH reverse split. Biglari may be good at investing, but his ego seems to lead him to do silly things, like stupid tender offers that people probably laugh off. At least Lampert pulled off some big stuff using Kmart to acquire Sears. As others have said, Lampert does not use SHLD to pay himself. He keeps his hedge fund compensation in his hedge fund.

Haha, I would bet a 30% drop would still be negative EV. How much of a payoff is expected on a 30% drop? 100,000% too high?

the thing with NBSK is that people will always need to wipe their ass. RBK is a different story.

I agree. Brk will probably be way oversold when buffett dies. I wonder if CMs death would move it much.

You're not the type of person that Apple's targeting. People I know that have purchased a Mac seem to be satisfied. For myself, I can't justify the extra cost. Probably could have created a PC virtual machine with your Mac using something like parallels or virtualbox. At work, we've made use of a lot of virtualization for our development/test environments.

LOL, I was saying GTFO here when I saw BH.

Oh man, those 2 are on my watch list. Last movie I saw in the theatre was The Fighter. I thought Christian Bale did a great job as Dickie Eklund. I'm such a boxing nut, I checked Micky Ward's record on my phone as I was watching the movie. I verified which opponents were real and which were part of Hollywood.

Thought I'd add a non-investing topic. I've watched a few good movies on DVD and I've found that this is probably one of my favourite non-investing things to do. There will be blood: not the main point of the movie, but I can understand how the oil bug can stick to a person. Liked it. Hurt Locker: my type of movie. Military movie in the desert, disarming bombs. No country for old men: took me 2 viewings to appreciate it, but I really liked it. Bardem's acting was probably the best part. Pan's Labyrinth: watch it and prepared to be moved. Inception: Bought the Blu-ray without knowing anything about it. Have watched it 3 times so far and I still thoroughly enjoy it.

He may never retire on his own will, but I think this trend will continue. He will slow down.

One's a sponsored ADR and found a different ticker for an unsponsored ADR. https://wwss.citissb.com/adr/common/linkpageTB.aspx?linkFormat=TB&pageId=5&subpageID=173 http://www.takeda.com/press/article_36143.html

I didn't realize Zucker died in 2008. It looks like he was a good capital allocator through InterTech group. Of course, it's all speculation because it's a private company.

I think this action is still too late. If you really want to keep the government out of mortgages, they should get rid of CMHC completely and outlaw mortgage insurance. Require 25% down, max 25 year am and require Canadians to qualify for a 25 year fixed rate. If they did this now, they'd crash the markets in Van, Calgary, Saskatoon, Regina and Toronto, which wouldn't necessarily be a bad thing.

broxburnboy, thanks for sharing your experiences. I like to think I'm the entrepreneurial type, but I'm only that way with investing. I believe I'm "risk averse" when it comes to my career choices. Most likely, I will work for someone else until I have a large enough investment portfolio to do that full time. I think it takes a lot of guts to dust yourself off and try again. I think a lot of people cannot recover after a big failure. Good for you! As for Derek Foster, I stopped searching for news on him after reading this article in the star: http://www.thestar.com/Business/article/600754

Target was the dept store I went to the most when I lived in Boston. I'm so glad it's coming to Canada. No need to check out the Targets in the Buffalo area anymore.

Thanks Sanjeev! Going to read it tonight.

I also listen to top 40 stations now, but most of the music on my phone is 90s rap.

Enjoyed the movie. Really? I'm starting to wonder how many members listen to hip hop.

LOL, I actually have a lot of other interests. It probably would be better if I had less, my net worth would probably be a little higher :P