TorontoRaptorsFan

Creative mastermind! Incredible to think how many storylines and characters he created. His legacy will live on.

I think Shane Parrish contributes here. There was an article in the NY Times about him. https://www.nytimes.com/2018/11/11/business/intelligence-expert-wall-street.html?action=click&module=Discovery&pgtype=Homepage

Frommi, Your portfolio looks like a mutual fund's portfolio. Why so many?

I just started reading the book. The author also wrote Hunting Eichmann which was excellent. The Hunting Eichmann movie will be out shortly starring Ben Kingsley. https://www.amazon.com/Winter-Fortress-Mission-Sabotage-Hitlers/dp/0544947290

Tom is a true Alpha. Greatest player ever in NFL History. Attended a Great University - U of Michigan. Supermodel wife, 3 children, beautiful home. Constantly works hard to be the best at his career - diet, exercise, sleep, etc.

Washington - A Life - Ron Chernow Titan: The Life of John D. Rockefeller - Ron Chernow Poor Charlie's Almanack - Charlie Munger Buffett: The Making of an American Capitalist - Roger Lowenstein Team of Rivals - Doris Kearns Goodwin

Musk needs to hire a CEO for Tesla. He's done it with SpaceX and look how well Gywnne Shotwell has done. Musk needs to be the visionary to push the envelope further.

Divorces are never fun. You might as well start dating again since your marriage is over. There will be lots of eager women who would be happy to meet you.

$2.2 billion purchase price which is highest price paid for an NFL team! http://www.espn.com/nfl/story/_/id/23509278/david-tepper-sign-carolina-panthers-purchase-deal

$35- a month for a subscription is out to lunch. I'll just wait to read the weekly issue using my Texture app.

He should take a 51%+ ownership stake in Coca-Cola.

Detroit is indeed subject to "deep freeze" weather. This winter has been particularly rough. The weather is obviously difficult on the roads...HOWEVER, the roads in Michigan (Detroit) are orders or magnitude WORSE than roads in Ohio and Indiana. Ohio & Indiana have similar weather conditions as Michigan. There are few factors I think that make Michigan roads worse. A). Michigan has a LOT of truck traffic. Additionally, these trucks are allowed to carry more weight than anywhere else in the country. Truck weights are limited to 164,000 lbs. which are the highest in N. America. B). A lot of the roads are VERY old...Michigan has some of the oldest freeways in the country. The first freeway in America was opened in 1942 in Highland Park (suburb of Detroit). C). Michigan has a lower standard for road thickness and the roads that are built, get built to an inferior standard (as compared to other places) D). Some of the freeways have EXCEPTIONALLY poor design. E). An alarming number of politicians are crooked and/or feeble minded. So we end up with exceptionally poor roads/infrastructure. I think a lot of people in the area simply think that is a "normal" situation. They don't realize it does not have to be that way.... I was in Michigan last month near the Ann Arbor area. I can attest that the highways and roads were the worst I have ever seen in North America. Pot holes everywhere...

Having 75.6% of your investment in just two stocks seems like one hell of a concentration . I get nervous, once I exceed 10% in a single stock. Munger would be applauding Dynamic's Portfolio. How many companies do you have in your investment portfolio?

Apple Large R&D budget that is focused on incremental improvements to product lines. Heavy focus on aesthetics and ease of use. When they enter a market they quickly become the market leader. Large reserves of cash that is smartly used on add-ons to enhance existing product lines.

Chipotle (CMG) I enjoy catching dropping knives...

Not quite the engineering feat of the Falcon Heavy but still have to commend this guy for designing this: The Blue Marble

They'll play a role in electrical charging stations that may take 20-30 minutes to charge up a car or truck's battery.

D) Health care industry - reduced traffic accidents eases strain on hospital emergency rooms and gov't health care budgets

It's nicely laid out. Good job!

Hi Eric, Why not buy just BAM since they have an ownership stake in a slew of their spinoffs?

I'm a fan of Chernow's work. His latest must read book on Ulysses Grant just came out today. https://www.amazon.com/Grant-Ron-Chernow/dp/159420487X/ref=sr_1_1?ie=UTF8&qid=1507649655&sr=8-1&keywords=grant

He should just hold a bunch of blue chip stocks like JPM, BAC, C, BRK-A/B, BAM, etc...etc...sort of be like Davis, Weitz, etc.

The Valeant debacle burned them really badly that they're now spreading their bets around instead of concentrating their positions. Guess the investment committee is around to do checks and balances...

Chipotle (CMG)

It's a very scary fact that there are far too many unqualified students going into law school and ending up with no job (forget about legal profession) and A LOT OF DEBT. I guess the same could be said about MBA students. My brother just graduated with his masters degree in tax law and was saying it's a huge problem especially amongst schools with poor reputations who are churning out graduates with no end in sight.