bookie71
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Everything posted by bookie71
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Here's one small little known company http://www.brkdirect.com/ :D
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In the USA there are two groups that have sold us out - Democrats and Republicans (not meant to be funny)
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There has been a lot of discussion on the effects of inflation. We were cleaning out some old files and I thought you might be interested in the costs of medical and dental a few years ago (seems like a few, but if you are young then many years ago). The hospital bill for the birth of our first child in June 1962 (three days) was 158.05 of which 29.00 was the baby's portion and 3.00 was for meals. I don't have the bill but the doctor charged 150 for the prenatal and birth. In 1974 I paid 18.00 for a dental exam (8.00 for x-rays and 10.00 for dentist) Remember that prior to 1964 quarters and dimes were made of real silver. My charge rate in 1964 as a CPA (2 years experience) was $11.00 per hour and the partner was $40. I got started in digging these up, because a client came in with one of my old bills for his tax return in 1975 for $50.00. (it was a very complex return and probably would be 2500-3000 today. Someone said inflation is the most insidious tax there is and they were right.
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In houses, apartments, stocks, commercial realty, or any other investment, can you say "cash flow".
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Because I don't trust him, I wouldn't buy it if it was $1.00. I would rather sleep at night instead of wondering how he was going to take the last few pennies from the company. just my humble opinion
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I order direct from the company. Sometimes from their web site and sometimes via snail mail.
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This type of investment is great in a "non taxable" account, BUT do your due diligence. We have bought "discounted" deeds of trust in our profit sharing for years but you have to be very careful and not get too greedy.
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Plagiarism is the highest form of flattery ;D ::)
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Clark Howard call it, "customer no service"
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Don't forget that Costco also has an online store that you can order from. We have been getting most of our office supplies from Costco online because it is cheaper and delivered to our office.
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Insert Quote Just to be clear, what I call a home office in the states....you up their in Canada may call a bathroom. . . No, it's called the library. ;D :D :) ;) 8) :o
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The amount depends on your lifestyle and standard of living. What works for me probably might not work for you. It also depends on your comfort zone.
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I like everyone and the comments and discussions (arguments) as long as things don't get too heated, but it is nice to see some passion.
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Buffett vs. Lampert: Battle of the Shareholder Letters
bookie71 replied to BargainValueHunter's topic in Berkshire Hathaway
We bought a stove from Sears (USA) and had great service. (Just the opposite of the above). Sorry for your hassle. -
I just wish your board or a similar board had been around in the late 1970's or early 1980's when I first started investing, it would have saved me many a learning error. Congratulations for what I consider the best investing board and the best civility of posters. Chuck
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I know of a couple. One has lost all of the money of several of his clients and he is such a good salesman they have given him more. A good salesman makes it whether it is refrigerators or stocks. I was in sales once (Fuller Brush in college) and have always admired a good salesman (person) if they were honest.
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WB honored at the White House with Medal of Freedom
bookie71 replied to BargainValueHunter's topic in Berkshire Hathaway
Don't forget Stan "the man" Musial. He was my hero. (So is WEB) -
opps, should be 100
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Schwab's fee was $10 but they dropped it to $50.
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Actually, a smart move on Biglari's part, as all partial shares will be cashed out, thus increasing Bigego's percentage by using the company's cash. Just his way of looking out for his partners.
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I believe that WEB said that you want the stock to go down when you are buying so you get more shares.
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What movies have you watched recently?
bookie71 replied to EdWatchesBoxing's topic in General Discussion
Red (Reds?), my sides hurt from laughing, great cast and chemistry. -
To those who follow NICK, the following might be of interest: http://www.nicholasfinancial.com/PressRel/pr132.htm
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I like how Expedidors does it, they answer all questions through their 8-K (I think that is the SEC form number). Nobody, including analysists, get an advantage. (EXPD)
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Most sports are statistical, value investors like statistics (we read 10-K's for fun (how sick is that)) so the two are intertwined.
