bookie71

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

Supply chain being disrupted (e.g. closing of pork plant in Dakotas) crops being plowed under etc - more $ chasing fewer goods

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.

Rereading this after many years. Each should read and make their own interpretations. I am finding it fasinationg and scary at the same time

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.

I have always been impressed with this company. I wish it were public. https://www.texasmonthly.com/food/heb-prepared-coronavirus-pandemic/ I wish they had been in charge of our xountry. jmho

In the local news https://www.ktuu.com/content/news/Drivers-theres-a-decades-old-Alaska-insurance-law-you-should-know-about-567785281.html

Check your local library. Our library will even go to other libraries to find the book.

You can buy cd's from other banks on Schwab. They are insured up to 250,000 per bank, per account.

I believe that their moto is, "I make money, the company makes money and two out of three isn't bad"

I have used a program called T-Value for years. I don't know if it is around anymore, BUT it will do almost any time value that you want.

59 is not old. You are never too old to learn. He has 59 years of experience and that should form a good base.

I disagree, you are never too old to learn.

I would suggest that you start reading these starting with the earliest ones https://www.berkshirehathaway.com/letters/letters.html

Thanks

Is this the same promoters that got to Pardee Resources?

We read to our kids every night (a story each) and they all are book worms and think out things in a rational manner.

Wasn't one of WEB's best deals was his picking up the bonds that survived the Whoops (Washington Power) bankruptcy?

It has a double discount, one for market value and one for the valuation of Plymouth Rock

gcco and advc are on Schwab and I bought some pktef some time ago.

I have had good luck with Schwab

The Money Masters by John Train is a good strt. It is where I first heard about WEB.

Have him go to the Berkshire site and read the early WEB letters.

One on "How to hedge your portfolio at the top of a bull market"

It's Obama's and Crooked Hillary's fault!