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throw123

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Posts posted by throw123

    Have We Hit The Top?

    in General Discussion

    Posted

    10 minutes ago, Gregmal said:

    Recessions happen. We've had em before and will have em again. Costco still trades north of $500 a share. That was another one that supposed to be eaten alive on "valuation concerns"....folks should really just stop trying to be smarter than the market and just invest with a longer horizon. 

    couldnt agree more, not that i am able to bring myself to buy costco but the rest of what you are saying...

    What are you buying today?

    in General Discussion

    Posted

    9 minutes ago, Luca said:

    I like the business, good management, opportunistic acquisitions, valuable steaks at a discount to NAV, shareholder friendly, promising goals of growth. Do you have a different opinion regarding exor? Let me know. 

    i looked at it years ago but decided against investing in it, your post made me look to see what the stock has done since then but appears not too have done much. It seems to always trade at a discount to NAV as i recall the same bull arguments back then. Also not sure anything in particular pops out to me as showing good management, capital allocation and growth. Ultimately that's what you are buying, is managements ability to allocate capital effectively. 

     

    Essentially I was on the fence back then but what convinced me not to invest was when i saw Elkann take a helicopter to his Shareholder meeting. I always worry that family run and controlled companies could be used as a piggy bank and that behavior is ripe in Italy.

    Is The Bottom Almost Here?

    in General Discussion

    Posted

    4 hours ago, Gregmal said:

    Yea am I the only one who thinks Berkshire will actually do better once the new guys fully take the reigns?

    i tend to think so as well. I also envisage a lot more buy backs so dont see it as a bad thing for the stock to languish once Charlie and Buffett step down

    What's on your Wish List

    in General Discussion

    Posted

    12 hours ago, Miklagard said:

     

    I like this theme.

     

    At the moment I have these stocks on my wish list:

     

    Costco

    Jungfraubahn

    Gladstone Land

    Disney

    Skistar

     

    I also have a small position in BRK and Hinghams Institution of Savings. But really looking to add more when price is more decent.

     

    I am again starting to read up on value investing after a couple of years with no room for investing, both due to time and money, and I am thinking a lot about my strategy going forward. I am really leaning on having great business at a decent price, or rather worlds best companies at a decent price. We'll see what happens.

     

     

     

     

     

     

     

     

     

     

    Interesting list. why Jungfraubahn?

     

     

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