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collegeinvestor

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Posts posted by collegeinvestor

    Anyone think rental cars (and possibly firms: Hertz, Avis, etc) are the future?

    in General Discussion

    Posted

    I think this is why there is car leasing  :D

     

    I think that for most people who don't live in the city leasing is a better option than trying to rent a car every other day. Leasing costs are fairly low with low interest rates. That is my guess. When interest rates rise then leasing cars will be more expensive, right? so perhaps short-term car rentals will be the way when prices rise to lease cars rise with interest rate increases?

     

    Buying 50 cent dollars or earning 50 cents

    in General Discussion

    Posted

    Hello this might sound dumb but I was wondering If any asset managers/investors have ever thought about applying value investing towards starting a business of their own? Where they control incremental cash flows and wages to themselves. This is a powerful force--look at berkshire! We have seen Warren buffett over the last few years ramp up his investments in private companies. I am sure we have all come across a business, and after reading the 10k, wish we owned the whole thing privately.  I feel like Warren Buffett had a huge edge at Berkshire through control.

     

    I also understand that the economics of owning a hedge fund are pretty amazing too. How hard was it to grow Aum--to the point of a living wage--without being a pompus person, participating in the media, or being extroverted?

    BH Annual letter

    in General Discussion

    Posted

    "Over the last three years our operating subsidiaries sent an aggregate of $266 million upstairs to BH, of which $83.2 million was in the form of a special dividend paid by Steak n Shake using proceeds from its new credit facility. Steak n Shake’s debt is non-recourse to BH for the cogent reason that we aim for every subsidiary to stand independent. As of now, BH has no debt, and all our capital is under no restrictions for reinvestment."

    Wait, so this 83.2 million is not recorded on BH's balance sheet even though it is a debt? How?

    I don't get how he gets away with saying using an 83.2 million credit facility is not debt?

    Talking to someone over email about ideas

    in General Discussion

    Posted

    Hi everyone!

    I am about to graduate school with an accounting degree and love thinking about strategy and the business environment. My only problem is it's hard for me to find people interested, like you guys here, in my current environment. Even asking professors for advice is hard to do--they just seem so uninterested. The average person on this board is far more intelligent than even my accounting professors.  School has been interesting but I have learned an incredible amount over the internet. I was wondering if anyone wanted to communicate with me about ideas over email? I will try to make the relationship extremely symbiotic and am not looking for a free ride. I am not a creeper and am just looking for someone that is ambitious who wants to bounce ideas off eachother (PM and i can give you my email).

     

    Thanks again and sorry for taking up space,

    Josh.

    MSFT

    in General Discussion

    Posted

    I don't like the option trade.

    People that are buying the leaps might end up making a lot of money in the future but why not just buy the stock if you think it's a good buy? Also the people that post on here are way smarter than me so I might be wrong but here is my analysis (very simple):

    The stock hasn't moved in 13 years what makes you think NOW all of a sudden the stock is going to move 2x and you will make a quick and easy fortune on your leveraged time-based "investment"? Seems odd....

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