beerbaron

earnings yield and roic What the difference between earnings yield and PE? BeerBaron

If I remember correctly Greenblatt magic formula is based on low P/E and high ROIC, am I right? BeerBaron

My favorite quote: "The Flat Earth Society probably views a ship’s circling of the globe as an annoying, but inconsequential,anomaly" BeerBaron

I found that last year he spent too much time explaining Berkshire's mentality to it's new shareholders. Hopefully this year it's going to be a good lesson. Ah yes, I want good numbers as well :) BeerBaron

At least there are investigations by the SEC. In Canada they don't even bother investigating, I can't recall the last time I red about insider trading charges in Canada. BeerBaron

Quick question ...If they plan to hold their muni for the long term, why are they classified as available for sell in their balance sheet? Don't mistake I love that their bonds are marked to market, it makes my life so much easier to value the company. BeerBaron

Congrats, and hopefully the next 9 years will be as successfull as the last 9. BeerBaron

Grant hit it's nose on Japan. I wonder what are it's toughs on this. Too bad no students asked. BeerBaron

I hate Apple products but I must admit he did great things to improve the accessibility of computers. BeerBaron

Dam Buffett is not buying anything. Does it mean it's time for caution? BeerBaron

Here is what I note: Klarman, started reducing it's stock positions. I like Brrokfield Infrastructure Partner's idea of Pabrai. BeerBaron

Nothing QE3 can't solve >:( BeerBaron

I'm worried for Buffett's safety. Maybe he's going to try a "Mark David Chapman" on him. :-\

Does the regulation include synthetic shorts as well? BeerBaron

Tough this would be on subject: http://www.paulvaneeden.com/The.Actual.Money.Supply BeerBaron

One measure that I found most interesting in the last GMO letter was the PExMargin chart. It is true that people often double count thinking a high profit margin will be sustained to eternity. My question is where exactly do you find S&P historical profit margin? BeerBaron

What is more wastefull 50$ of paper per year or an iPad very 5 years? Your perception will tell you that throwing away paper is wastefull but if you compare both option it is really not that clear. For example an iPad: Consumes lots of energy to be produced/designed/refined/silicon wafers/etc..., maybe 10% of a the cost... who knows Is not recyclable, or very little of it Consumes energy to operate Is not from renewable materials Generates toxic substances into landfills Gets obsolete or outdated Breaks down Does not degrade when in landfills VS Paper: 100% Recyclable Renewable Potentially releases toxic chemicals at pulp plants Remember, if you want to look at a land you are better of looking from the top of a montain then the other way around :) BeerBaron

For those of you that did not see it... it's sickening. http://www.khanacademy.org/video/geithner-plan-i?playlist=Geithner%20Plan BeerBaron

Most of the time I print 10-k the pages are off. For example, I'll get all the text into 1 page and the next page is empty with only 2-3 lines. Which I don't understand because it seems the 10-k has page breaks. It's especially annoying when you have a balance sheet where you are missing the Shareholder equity! Is it because 10-k are designed for legal size paper or that I need some sort of software to make the prints all fit into 1 page? Such a waste of paper (Don't want to encourage you FBK owners too much!) BeerBaron

It's simple: -You find what a company is worth -You haircut it by your margin of safety -You buy if it goes down or up as long as it meets your safety margin -You stop buying when the value at risk is high enough to prevent you from sleeping! BeerBaron

Yes I think so.

Funny, talk about inventions hitting the market at the right time... 20 years later! Wasn't there also a sort of iPad apple tried to launch in the past that was a total failure? BeerBaron

For me it depends I have a 3 step process: -Gross check: 200 in 4-5 hours, returns 5% to go to medium check -Medium check: 1 per hour, return 20% to go to final check -Final check: 15 Hour per final company, return 30% that I buy. My gross check, evaluates if I can understand the company, it's cash flow, balance sheet and if I can value it. My medium check evaluates management, the reliability of cash flow, if I still understand the business. If it passes then I place a target price. My final check happens when the stock reaches my target price. Then due diligence becomes very focused. I go trough a 80 points checklist. So all round I spend about 80-100 hours to find 1 stock. 1 hour per day, so we are talking maybe 3 stocks per year. BeerBaron

When I look at the cash in portfolio thread it seems to me the board sentiment is all over the place. Not even close to a normal bell curve. So there are no consensus on this! BeerBaron

VelueCarl, why do you post Buffett related stuff in a completely unrelated subject? Write a letter to Buffett requesting dividend it might change it's mind more then you posting on this topic. BeerBaron