nickenumbers
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Posts posted by nickenumbers
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Great feedback. Thanks guys.
As we all know, it is a journey, not a destination. Each podcast, person or investor has the potential to teach us a little along the journey... But, when we no longer get enough benefit, or have integrated the lessons, we should be prepared to find a new teacher.
The first time I read Phil Fisher, I was bored to death. The 2nd time, I COULDN'T put it down. SO good.
I use to dislike Bill Ackman. I know he is a lightening rod.. But.... I read his book Confidence Man, and I have a much wider appreciation for him now... He has flashes of being brave and brilliant!
Those are just 2 examples. Stig and Preston are thoughtful guys too.
Cheers!
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On 4/28/2021 at 2:06 PM, Xerxes said:
Thank you. I am big of fan of that podcast. I miss the voice/intellect of the gentleman who was doing the podcast with Stig, but also appreciate his Bitcoin dedicated podcasts (the not so complicated ones).
Yes, I like listening to the TIP podcast from time to time too. I particularly like when they have a quarterly mastermind conversation, with the 4 different perspectives.
I wonder if Stig's partner Preston wore out everyone's patience with his mental anchor on Bitcoin and crypto. I think it is one tool to consider, but it is not the whole tool box. I wonder if Stig had enough of Preston's crypto monolog and that might be why they are not doing the podcast together as much.. I like it better this way with Stig. I like Preston when he has an open clear mind to everything... but he was becoming a bit myopic.
Does anyone have thoughts or information about the status of their co-hosting?
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Excellent info thank you. It sounds like as long as they stay within the rules, they have some flexibility on timing of purchase, etc. It does permit them to be somewhat opportunistic about their repurchases.
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Guys,
I have a question regarding an example public company that has a plan in place to repurchase its own shares. When can they mechanically enter the market and repurchase the shares over a given month or a quarter?
I know there are limits like they can't repurchase more than 25% of the average daily volume.. and there may be other rules that I don't know.
- Do the regulators require that they buy back shares via some daily plan and then set it to autopilot? Like $100MM total, and $5MM per day until the $100MM limit is hit.
- Or, does the company have the flexibility to wait until their company stock traded price goes down on a given day, and they can load up on the repurchase that day, and then stop buying for a week or two and then do it again?
If you guys have any other interesting thoughts or strategy on what public companies do with buy backs, please share. I would love to learn a little more about the low level weeds of how the companies execute the share repurchases [buy backs.]
Thanks.
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How do I get reputation votes?? I am sure a few members are waiting to give me +++ positive credit but just don't know how?
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I love the new site Parsad. It feels like we have jumped into the FUTURE!!!
Well done!
Most of the BEST thinkers that I know, I have met on this site!
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I am admittedly speculating here, but we are all just a bunch of fanboys girls, fan-people offering up observations and ideas:
A.) near the end of his letter he talks a fair amount about the types of shareholders that BRK has and he significantly prefers the Partners/Long Term shareholder owners, and he chuckles at the short term index/robo trade shareholders.
B.) Couple that with the Significant share repurchase.
C.) AND- Q.E.D. WEB and Charlie are happier to buy out partners at an increasing pace now who are not long term shareholders. Certainly there is the compounding there, but there is WEB psychology implied.
Seems like more to come in the future at these present prices.
Thoughts?
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Munger continues to be super sharp. Hasn't lost a step..
And, he is a big fan of China's system and implementation of the economy. A defender of their system almost.
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Munger- We will not be following Tesla into Bitcoin.
;D ;D ;D who is surprised?
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"The investment banking profession will sell sh*t, as long as sh*t can be sold."
Baaahhhh
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I wonder what quotes Munger will come up with today at the DJM live yahoo event?
Rat turds
Baby Brains
Who knows, but I can't wait.
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Rational Advisor,
No. One of the cobf members on this thread kindly pasted a link to the Financial Times, but it wasn't the letter. It also had a paywall and I don't subscribe to FT.
So, no, I haven't seen the complete letter. If you have a link or a method to it, let me know.
Thank you.
PS- Worst case, it will turn up at some point.
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Does anyone have the Baupost [seth Klarman] recent letter dated 1/2021, on the 2020 year?
Or, does anyone know when it will be coming out?
Thank all!
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Thanks for posting this. I am going to share it with the ladies in my family. Especially the younger ones.
"NO!!!! is a complete sentence." Amen!
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Guys,
I have watched the Munger Caltec interview from yesterday. And, I know we keep saying this, but it bears repeating in this situation.
Munger is 96. AND, he is sharp, so sharp with his responses and memory, and opinion. He is still a monolithic FORCE!
I didn't learn a lot of new ideas from him this time, but.....
I am amazed when I watch/listen to him! Well done CHARLIE!
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https://www.alumni.caltech.edu/events/daa-charles-munger-dec14-2020
An early Christmas gift for all you fanboys!
Wait, I'm not a fanboy..... ohhh Charlie Munger... YES I AM!!!! ;)
Thanks!
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I searched quickly and couldn't find a recent post on this, but, if there is, I will move it there. But, you guys are the smartest bunch that I know [compliment intended!]
Is anyone actually using VR/AR goggles or glasses on a daily or weekly basis? For meetings, or learning, or anything other than games?
I read the fiction book a while back, Ready Player One. And it is all about the VR world as a substitute for the real world. I am stating to think we are getting closer to this, and I am wondering if I should investigate it a bit more. Maybe I should take a VR tour of the Amazon river, or Egypt.
If you are using it, give me the details. For what? How are you engaging with it, hardware and software? Does it work over your home connection? What does it cost?
Thanks.
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The Bertrand Russell quote is so true.
Or this one from John Kenneth Galbraith
It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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Liberty,
Great interview, great person to interview, and well written up. Thanks for sharing it with us.
PS- I subscribed to your blog so I can learn a little more about your thinking and process!
Liberty said- "Writing is very hard even if I enjoy it, but it’s also very fruitful because it’s hard. Writing is hard because thinking is hard, and on the page the gaps in logic and missing pieces of the puzzle can’t be hand-waved away as easily, while with what I’d do otherwise — the path of least resistance — my brain would probably skip over a lot more holes and leave some interesting doors unopened."
[Hell Yes. Stand Up, stomp my feet, I whole heart agree. Writing reminds me <proves to me> of how little I actually know. It motivates me to research and think more.]
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Jurgis-
Thank you!
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The book Limping on Water by Phil Beuth comes up from time to time by different investors. I think WEB or CM mentioned it a couple of times too.
Does anyone have a soft copy of it, or suggestions of where I can get it?
Amazon only has 1 copy that is like $60-ish.
Is it a good book? I have read Cable Cowboys and that was pretty good.
Thanks.
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We are such math, probability, numbers people. 2-4 decks, 49.9% probabilities, 80% directional confidence...
You guys are my tribe! ;D
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Thank you guys for the 13F-HR
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Is today the day that BRK will have to announce the material changes in its stock positions, or will we have to wait until Monday, close of market?
Thanks.
Buffett/Berkshire - general news
in Berkshire Hathaway
Posted
Wabuffo,
Congrats on being picked up by Whitney Tilson for your work above in Whitney's email today. And, Thank you for doing the share repurchase math for some of the more lazy investors. ME!
Congrats and CHEERS!