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Everything posted by bookie71

  1. The last time we had inflation yields on bank cd's got to over 18%. It went through presidents of both parties and nothing seemed to work. Hope that this time it isn't so bad, but trust me both parties can make it worse.
  2. Lots more correction coming. Still setting on sidelines.
  3. Hoopla if your local library is signed up for it. https://www.hoopladigital.com/
  4. For several years one of the local nurseries (plants) has had See's for sale
  5. I believe that they also give you some type of security to insure you don't lose out. I did it years ago with no problem.
  6. Cramer is a first class jerk (jmho)
  7. Don't forget that the Gates Foundation (as a private foundation) is required to spend 5% of it's assets every year.
  8. I heard on PBS Friday that gas is up almost 30% from one year ago, meat (beef, pork and poultry)about 30-40 %(this is apx as I am old and forgetful) and building materials and supplies about 300%. Is this the edge of the sword to come. I remember the Nixon and Carter years. Wasn't real pretty.
  9. Go to the library and check out a couple of elementary accounting books. Read the chapters on "ratios" and you will have a good start. Get at least 2 versions as usually one will click with you more than the other. There are other books on just analyzing financial statements, but first you must walk then you can run.. THEN you can get Benjamin Graham's books
  10. Cash for when the bubble pops
  11. https://www.subaruoutback.org/attachments/fb_img_1608775982000-jpg.500216/
  12. Gee I wonder why someone in the healthcare field would be concerned that you are bringing in people to their apt. What are they touching? Are you wiping down the surfaces? Are you disinfecting? How are you keeping the virus out of the air? Hope your insurance is paid up when they get infected
  13. What effect will all these forest fires have on the insurance industry?
  14. For years I had a "crap shoot account" that was set up with 10,000. i tried all my wild stuff in it. Was up to 40000 and down to 8000. Found out leverage works both ways. This account saved me a ton over the years and let me get some wildness out of my system.
  15. I catch myself visiting less and reading even less than I once did. Seems like I look at one or two things and then check "mark all topics read" and move on.
  16. I think his lack of moves is because nobody knows how this will play out and the cash may be needed to protect the existing companies.
  17. Don't forget the Buffet letters from the 70's.
  18. How much is converting A shares to B shares to give to the Gates and other foundations?
  19. I believe (Just my opinion and worth nothing) that he will wait it out as no one no how deep this mess will get and make sure Berkshire survives, then if any is left he will buy. Who knows If the banks have enough reserves for the coming storm. As someone said "Patience"
  20. Watch out for the domino effect. One large company goes down or file chapter 10. This causes many of it's suppliers to go under because they can't pay bills because they weren't paid by large company. In the 1980 's depression (state called it recession) in Alaska it took a bit of time to work out. Over 1/2 of banks and credit unions failed. J . Just be cautious as this is just starting. The sacrifices made to date could be wiped out if the governors and president do something stupid. jmho
  21. Supply chain being disrupted (e.g. closing of pork plant in Dakotas) crops being plowed under etc - more $ chasing fewer goods
  22. I have been rereading The Great Crash 1929. It has been many years since it was written but it is really scaring me. I don't think we are anywhere near he end of this recession. I worry about run away inflation with the printing presses running full time.
  23. Rereading this after many years. Each should read and make their own interpretations. I am finding it fasinationg and scary at the same time
  24. In test after test folks can't tell the difference in Pepsi or Coke, yet most Coke and Pepsi fans (myself included) swear that they can tell the difference. We used to have a rule at our office that anyone traveling to California MUST bring back See's. I gladly pay more for Coke than store brand cola which is probably stupid, but I do and should know better. That is the moat.
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