Jump to content

greenwave

Member
  • Posts

    75
  • Joined

  • Last visited

Everything posted by greenwave

  1. Agree 100% Thankfully ,Warren see's " The Long Term Big Picture "!! greenwave
  2. -- + 1 With exceptional accumulated knowledge, sincerity and genuine humility greenwave
  3. -- Thank you gfp for shedding more light on the foundations' methodology . Re: greenwave Summerville , South Carolina was my hometown . I played High School football with the Summerville Green Wave football team . Our High school football coach was noted as the winningest football program in the history of football--at all levels. My coach - John McKissick coached as head coach of the Green Wave there from 1952 through 2014. He held the record for the most football wins at any level with 621 wins . ( He was also a Buffett fan )
  4. Thank you John for the clarification . greenwave.
  5. -- Any one else wondering how long the Gates Foundation gifting season this year may continue to have an impact on the trading price of Brk shares. As I understand it , the additional number of shares gifted this year to the Gates Foundation was significantly more than in the past. greenwave
  6. I agree. Dale Carnegie's "How to Win Friends and Influence People" is timeless commonsense valuable human relations from my perspective . greenwave
  7. Brett, Thank you for sharing the very interesting details of the Berkshire / Disney investment history. Please include me as being interested in receiving a draft of your book . Thank you ! greenwave
  8. --- Thank you for posting Saltybit . I listened to the you tube interview with the author and found it to be very helpful in improving my understanding of the political and economic factors at work in China over the past 35 or so years . I do intend to buy and read the book . I think the author mentioned that he was the first person to enter Wharton with no formal education from grade school to high school (in China ). America at large could profit from hearing his life story and testimony regarding his struggles to educate himself with extremely limited availability of books - and no "professional teachers "during his younger life. In my opinion our entire Congress would be shocked in a positive and constructive way ....to hear his story if that were possible to arrange ! greenwave ** ( **No connection whatsoever to "THE GREEN" political movement )
  9. Recent interview with Gilder relating to the future potential growth of Capitalism https://www.youtube.com/watch?v=60Dr-LirFDs greenwave
  10. It's not the first time I've heard Charlie say something scientifically questionable. I think science is his weak spot despite his efforts to be a generalist. It’s very likely the other way around - the Chinese kids got better parents. Adopting kids from China isn’t cheap, so the parents very likely have financial resources. there are also significant background checks. There is a significant selection bias going on on the parent side. ---- Spekulatius , I agree with your perspective . It seems very logical and probable that adopting young Chinese girls generally requires considerably more financial resources than the average American family could likely afford . Additionally ,I would think that the adopting parents would probably be very well educated and would be better prepared to plan for and foster a life-long learning environment for the adopted kids . Thus , it does not surprise me that these kids become more motivated by being nurtured and loved by well prepared parents . ( Maybe the children simply become products of their positive , constructive environments ?) greenwave
  11. Congratulations Sanjeev! Thank you for creating and maintaining the most "constructive broad-scoped" value investing resource anyone could ever ask for. Corner of Berkshire & Fairfax Message Board … “BEST of the BEST” ! greenwave
  12. ------------------------- “CBI just released a new SEC filing today. Warren Buffett owns about 1/3rd of CBI through buys from himself and various subsidiaries. I tried posting the link but it didn't post. Access it by: CBI website - Investor Relations - SEC Documents. Then open the 13-D that's dated 2/17/15. “ ------------------------- The above is a copy /paste from another message board earlier today. ( I have not verified any of the information as posted above ) greenwave
  13. Looks like he dumped IBM too? ---------- Allan Meachun the 400 % man Allan Mecham - Arlington Value Capital Added just under 700,000 shares of LUK in 3rd qtr 2014 greenwave
  14. Just today received a call back from Mary Jo at the office of Daily Journal Corp. The date of the annual meeting is scheduled for September 10, 2014 . She also said that the proxy materials are being mailed out asap. I was preoccupied when she called ,so I am not certain about the start time of the meeting ,...( I think she may have said 10 am ?). I have since called her back for verification of the start time , and will send an update message to this when she calls me back . greenwave
  15. ------ Not sure if this is much of a factor at all in the case of Fairfax buying into SPLP,…but I have followed SPLP somewhat over the past 2-3 years or so. SPLP has been very active in accumulating a major position in a very small cap company -- MLNK . This company was a remnant of the dot com era with no debt and surplus cash on its balance sheet and extremely poor operating results over many years . MLNK has a huge NOL ( 1 Billion +/- or so as I recall ) on their books which I think attracted SPLP to become an “ active agent for change” at MLNK. As I understand it, SPLP now has very strong influence over the B O D and has become its largest shareholder, and has “effectively gained control “ without disturbing the ability to utilize the NOL in the future. For what it’s worth, I just noticed after reading your post that last week MLNK’s volume increased to about 3 times its normal volume on May 21 . My thought is that SPLP or a related party may be actively accumulating additional MLNK shares before MLNK acquires a profitable subsidiary to monetize the NOL over the longer term ? greenwave
  16. "I remember reading this in one of his books, but I am not sure where I stand on this. Some of the greats like Schloss, Lynch, and Buffett would probably say that if you like mandel at 13 you should buy it and not worry about the valuation of the general market." (post by matjone) -------------------------------------------------- "I am not sure the general market is valued very high. The number of cheap stocks is down but not non-existent. There are a number of threads on potential undervaluations. I don't think stocks are all that popular based upon 5 year flow of funds into mutual funds bonds are much more popular." Packer -------------------------------------------------- matjone & Packer , Your responses to this original post reminds me again of how fortunate we are to have this forum to share our different views on so many interesting and important subjects.The collective knowledge and experience on this board continues to broaden and refine our perspectives. I for one am most grateful for the "constructive feedback & idea generation " here on this COBF board ! Although the Ben Graham excerpt is in my view a very good reminder for me at this specific time; I also agree wholeheartedly with the two of you on your key points. This part of the Graham excerpt is one of the key points for me : "....then your purchase of Mandel at 13 is not going to make you very happy or prosperous for the time being. "..... For the time being, a Mandel- like stock may not make you happy or prosperous , .... However if the company falls out of favor more & more due to overall market downside volatility and we have confidence in our detailed research of the company ,we will of course take full advantage of our good friend "Mr Volatile Market " and add more shares of a good company that will likely make us more prosperous and happy in due time . "Over the long run the market is a weighing machine ,not a voting machine " ( or something like that ). greenwave
  17. rsodhi -- Thank you for such a "timely reminder"of this "timeless truth ! Also,welcome to this outstanding forum . greenwave
  18. Yes I thought that was a bizarre and disappointing sleight of hand. The time period has always been 5 years, and here without offering any explanation he suddenly makes it 6 years, which not-so-coincidentally includes 2008 when Berkshire had a huge advantage over the S&P. Berkshire has failed this test, and will surely continue to occasionally do so over time as it has simply become too large, basically I think it will fail to keep up in up markets. This will (or should) lead to a change in the company's dividend policy. I thought it would be better for Buffett to address this while he is still at the helm rather than let his successor break that news, and really thought this was going to be the year that he did it... guess not. I agree that he should have said he was changing the yardstick, instead of just changing it. Maybe having said last year that he WOULDN'T change the yardstick made it harder, but he in fact has, so he might as well own up to it. That said, the new yardstick, I believe, is not 6 years, it is full cycle. Time will tell if the end of this cycle is 2014 or later. ----- ----- Possibly Warren is pointing out to Berkshire shareholders the fact that the Dow had dropped to 8000 at the end of 2008 from 12650 at the end of 2007, which contributed significantly to the Dow’s “out-performance” over the 5 year timeframe? The 6 year benchmark seems more meaningful to me under the chaotic financial market circumstances in 2008 and 2009 . greenwave ………… BRKA & DJI year end prices for years ended 2008, 2009, and 2013 BRKA DOW JONES IND. AVERAGE 2-Jan-14 169,511.00 2-Jan-14 15,698.85 2-Jan-09 89,502.00 2-Jan-09 8,000.90 2-Jan-08 136,000.00 2-Jan-08 12,650.40
  19. I'm guessing we won't have any date until they release the 10K. I am a bit surprised it isn't out yet, not sure what the hold up is. ---------------- Below is a link that explains the delay to the release of the 10K ,...& likely the delay of the Annual shareholder meeting . http://finance.yahoo.com/news/daily-journal-corporation-receives-notice-213000172.html
  20. Thank you for the links ,... Indythinker85 & Green King ! What a great comprehensive review of "value investing" and "humility in action for a lifetime". John Templeton has always been one of my favorite people of all times. One of the few who understood early in his career how to consistently identify probable investment future valuations and take full advantage of volatility along the way. greenwave
  21. Packer .. This is from my "sometimes reliable memory ". As I recall from several years ago , when I participated fully ,…pro-rata …in the rights offering of a commercial REIT (FUR) ; I was soon disappointed that I paid the "rights offering price" for the stock to protect myself from dilution....(because I was later able to buy all I wanted at less than the rights price ) . Almost immediately after the offering was announced , the stock became more volatile . I believe the significant holders & underwriters likely took full advantage of their well planned "rights strategy", which obviously included advance negotiated over-allotment privileges for themselves. Daily volume also increased notably during the rights time frame . I feel sure in this case the major holders did well . Although the price of the common shares dropped below the rights price for several weeks or more , I was also able to add to my position (at maybe 10 to 15 % below the rights price),... on the open market to hedge the dilution problem. Again from my vague memory, I think the company used the rights strategy a second time with the same pattern and the same effect. On the positive side , they did ,...I think ,...put the new capital to productive use in acquiring good real estate at discounted prices. I have since sold out of my position at an overall small capital gain profit , along with the decent dividend I was paid . My appetite for REITS in general has since diminished . Thank you Packer for your very continuous positive contribution to this great forum . I am one of your students for sure. greenwave
  22. This is huge, seriously huge, probably the biggest secret to investing no one will tell you. You will screw up, you'll lose money, no one bats 100%, learn from your mistakes, think them over that's where the growth really occurs. It might have been John Templeton who said that if 60% of the time you're right you will be rich, whereas if you're only right 40% of the time you'll be broke. Probably a paraphrase, and wrong attribution, but the key is even being wrong 40% of the time and you'll do really well. Just be mindful of the 40% and why those mistakes happened. ------ Anyone here have an awareness of this company ( I D N D ),... and its prospects ? I believe Lou Simpson or his wife may still be actively involved in this small cap company. As I recall , Lou Simpson or his wife was/or /is a Director of the company .... (not sure about current status ). As I understand it, the founder, Greg Abbott ,has continued for about 10 + years to personally assure most of the funding shortfall (without taking a salary). It seems to me that he has done this to keep his innovation ideas alive while patiently acquiring the patents and global connections to sustain the company for the longer term prospects of their invention: "an aseptic valve and related high speed packaging machines " for the food and beverage packaging industry. No refrigeration is required for long periods of time when foods and beverages are packaged with this new methodology. I think Pepsi-China division has signed on along with several other well respected internationally recognized companies. IDND International Dispensing Corp. 1020 Fifth Avenue 4th Floor New York, NY 10028 -------------------------- Below is a very long awaited news release on some of their recent and longer term history . http://www.idcinnovation.com/why-idc/investors/ I would very much appreciate any feedback/comments on this company and your take on its probabilities of success or failure . Thank you very much. greenwave
  23. ----------- This info was posted on the web-site from the link . For more information on the film or screenings, please email us at office@50eggs.com or contact Ellen Stiefler at info@TransmediaAgency.com
×
×
  • Create New...