zippy1
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Posts posted by zippy1
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I got this email today from OID. They are relaunching!
Dear Valued Subscriber,We’re pleased to (finally) invite you to visit our newly re-launched OID.com — home of our new OID Digital Edition. And while it’s taken us far too long to bring them to you — much longer than we ever imagined it would — we’re very excited about the possibilities they open up for us to serve you better.
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I am surprised and happy to see so many boardmembers here are in the semiconductor industry.
I, myself, am a so called "device" manager for a major semiconductor foundry. The last assignment that I had is to develop their 28HP and 28HPM devices. I led about 25 device engineers to built the transistors for these technologies and interlocked with customers to make sure they could use these transistors successfully.
Like infinitee00 said, semiconductor industry is a very large and diverse industry. Somehow, I have never felt comfortable investing in any companies in this industry as I am acutely aware of how ignorant I am about the business side of things.
On the other hand, my job also essentially precludes me from investing in semiconductor companies.
Major semiconductor foundry in Taiwan that is working on 28HP devices ? Hmm ! Wonder who could that be ?
You might as well have given us the name of your company and customers ! :D ( Don't worry though, it is public knowledge and you are not violating confidentiality agreements)
Anyway , glad to see the another industry insider here.
:)
It was a mission that I am proud to have done as it made company quite some money.
My involvement indeed is public.
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I am surprised and happy to see so many boardmembers here are in the semiconductor industry.
I, myself, am a so called "device" manager for a major semiconductor foundry. The last assignment that I had is to develop their 28HP and 28HPM devices. I led about 25 device engineers to built the transistors for these technologies and interlocked with customers to make sure they could use these transistors successfully.
Like infinitee00 said, semiconductor industry is a very large and diverse industry. Somehow, I have never felt comfortable investing in any companies in this industry as I am acutely aware of how ignorant I am about the business side of things.
On the other hand, my job also essentially precludes me from investing in semiconductor companies.
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I just couldn't believe this. The man gave his fortune away when he died and now everyone is setting some high standard saying he has not done enough or well enough.
I would love to know how much Mr. Salmon himself has given to charity over the years :(
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Stock price influences compensation agreements, M&A activity, etc. Lets say the world just sold every stock tomorrow. Heck, I could go around buying ownership stakes in companies and run them into the ground if I wanted. No more fertilizer, energy production, etc.
Secondary markets support primary markets as a whole, but that doesn't mean that a great capital allocator is adding societal value! They are very different statements.
Strongly disagree.
Success in the secondary markets provides the true north signal for those in the primary markets to align their interests with what benefits society most. Even bubbles may play a role in jump starting the economy to focus on something that is an emense benefit to society. :)
I couldn't say it better.
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Stock price influences compensation agreements, M&A activity, etc. Lets say the world just sold every stock tomorrow. Heck, I could go around buying ownership stakes in companies and run them into the ground if I wanted. No more fertilizer, energy production, etc.
well said!
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Fareastwarriors,
thanks a lot.
best regards,
Zippy
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I am thinking about buying some for my father in law, who is from Taiwan and a non-resident alien.
I am wondering whether anyone on this board is in similar situation. Do anyone know how the dividend is taxed. Will the dividend be tax-exempt or taxed at 30%?
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Wow, EV/EBIDTA=2.44 and P?B~0.5 How did it become so cheap?
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Congratulatioins! Packer! :)
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As a long term holder of Fairfax, I am surprised that a disappointed arbitrager is complaining that our company did not bail him out.
I would have thought the term "risk arbitarge" does mean that "risk" is involved. ???
If BBRY is over valued, then Prem is acting for his shareholder interest to not to over bid. We should all respect him for doing that. On the onther hand, if BBRY is undervalued, you should thank Prem for giving you a good opportunity to keep the shares, no?
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Yes. or you can try this one, which is a reprint of the 1980 one.
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Look for the version published in 1984. It is on John Train's page on Amazon.
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Dear Sanjeev,
Congratulations! Seven years! Seven very fruitful years!
best regards,
Zippy
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In Memory of Alan Abelson
For more than 30 years, I’ve started my weekend reading the latest letter from a friend. Alan Abelson was an editor of Barron’s Magazine, and wrote its leading column “Up and Down Wall Street” for nearly half a century. I only knew Alan personally from a handful of enjoyable conversations over two decades – but his writing always made me feel that an old friend was sitting down to share what he had seen over the latest week, and the stories he had heard.
Alan wasn’t just an insightful financial journalist; he was a wonderful writer who would treat his readers to interesting anecdotes, imagery, and playful turns of phrases. He didn’t try to sell you an opinion – he would share what he saw; bring you in as a guest among a whole circle of characters that he knew. Over the years, I felt graced to be among those subjects, with introductions ranging everywhere from lighthearted (“chief cook and bottle-washer”) to generous. You could hardly read a sentence from his hand without noticing the twinkle in his eye.
When he wrote about himself, Alan always used the royal “we.” He deserved to do that – he was a king. Thank you, Alan. I’ll miss you very much. I’ve no doubt that the wisdom, humor, insight, and joy of writing that you’ve shared with your readers have also become part of your heaven.
--John P. Hussman
giofranchi
I couldn't agree more! RIP Alan.
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The little blue characters on white background sign actually says "get it up and never rest!" :-[
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In other news he's also getting rid of his telephone and switching to carrier pigeon, he was receiving too many calls and they were distracting.
Surely, you jest, Oddball. :)
But what you said reminds me of a Walter Schloss interview done by OID in either late 80s or early 90s. It was mentioned that the interview took the whole afternoon. The phone rang once during the interview. While picking up the phone, Schloss commented, "It must be my wife. I wonder why she calls." It turned out to be caller who had a wrong number.
:)
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I see, so people are saying something like:
put premium / (Capital outlay if exercised * probability of exercise (est.)) * (time to expiry*annualized adj.) = return. (and minus interest on collateral if you have to pay it)
I don't understand using a probability. Here is what I do with a specific example.
This morning I wrote 67.5 strike March 16 puts on NOV. I wrote them for $61 a contract. My commission per contract worked out to be $0.39. So I cleared $60.61 per contract. So if I get put to I have to pay $6,750-$60.61 = $6,689.39 per hundred shares. Note I use IB and there is no commission on purchases when I am put to.
So my "annual return" is
($60.61/$6,689.39)*100*(365/4) = 82.68%
Shouldn't it be (1+$60.61/$6689.39)^(365/4)-1=127%?
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Moore has been a great contributor for the forum and I have certainly learned a lot from him.
Unlike many of us here who manage money for our private accounts, he actually manages quite a large sum for people.
The boundary condition that he has to operate under is different from private investors'. No need to go overboard here....
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Parsad,
Really need to thank you for starting this board! This is the place I learned the most about investing and about learning to invest. ;D
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From Alison Frankel.
Their cases assert instead that S&P lied to investors about the independence and objectivity of its ratings, in violation of state laws prohibiting deceptive trade practices. It might seem like a legalistic distinction - did S&P supposedly issue misleading ratings or did it issue misleading statements about its rating process? - but the twist makes a big difference to the rating agency's First Amendment defense.This time may be different in that the rating agency may have to change how they charge people.
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I think a software company would be difficult. There are tons of software engineers that do freelance work for pretty cheap all over the world. You aren't competing against the local operator, you are competing against a Ph.D in India.
If you know what you're doing, you can start a software company in the US and do the labour arbitrage between US and some BRIC country. You can simply connect American companies to cheaper offshore labour and collect the arbitrage (which can be significant).
I am sure the above is true. Look at this guy's story, this guy outsourced his own job!
Outsourced: Employee Sends Own Job To China; Surfs WebThe Verizon team even found that "Bob" kept a regular schedule at his office:
9:00 a.m. – Arrive and surf Reddit for a couple of hours. Watch cat videos
11:30 a.m. – Take lunch
1:00 p.m. – Ebay time.
2:00 – ish p.m Facebook updates – LinkedIn
4:30 p.m. – End of day update e-mail to management.
5:00 p.m. – Go home
And as they learned, his schedule also included sending less than one-fifth of his salary to the Chinese firm. Verizon's investigators say the evidence they uncovered suggests "Bob" might have had similar arrangements at several companies.
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Thank you for posting such a wonderful interview!
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So do you mean by the number of positions or do you mean by portfolio weighting?
Puerto Rico muni bonds
in General Discussion
Posted
Mark Palmer@ BTIG actually sent out a note yesterday about this. BTIG seems to think the Jones Day event is a "business developemtn" event at best.