eclecticvalue
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Posts posted by eclecticvalue
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Hey Morgan, I was thinking about the restaurant business you were looking at. I was thinking you could partner up with a chef so both of you have ownership interest in the business and since the chef owns part of the business, it incentives the chef to make sure the restaurant does well. Yes the cash flows will be split among you two but I think its better than being totally absentee. Also you do need to find a partner you can trust. Thoughts on this?
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Good topic, it is something I have been thinking of lately. I was reading about the "cash on the sidelines" argument and how there is room for a bull run. The question arises when there is a lot of cash then who are holding the stocks when the majority of sellers sold their positions. Because every time a trade is placed securities and cash switch hands. I know in crashes the sellers rush to sell the rest of their holdings and the brokers on the floor or nowadays the market makers on the desks provide liquidity by buying securities from sellers even when it is not in their best interests due to regulations in exchanges. I hope somebody can explain this clearly and accurately because I am very interested in knowing about it.
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Thanks for replying, how did you find out about us? I am guessing it was all the traffic this thread generated.
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I think there will be a premium version. The website is nice.
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Sorry if i jack this thread in advance. I was thinking of making a career change into web design/ software development. I was wondering if its a good idea.
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Yup its all about the relationships, its amazing if you have a flat or negative returns for the year but the relationships with the clients are strong then clients aren't going to leave you anytime soon.
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I was wondering what the Dhando Holdings title was all about, but since reading this thread I am excited about this opportunity. Mohnish is copying buffett every way possible. Since he never was able to work at Berkshire why not build one himself.
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I'm shocked by the lack of people in capital markets.
I've spent 4 years as an investment banker.
There is a simple explanation. Large IB's make it very difficult if not, almost impossible, to efficiently invest personal funds into anything other than government bonds or mutual funds. The downside to an IB for even the appearance of personal investments made with pervasive insider information is extreme. Rather than take this risk, smart IB management will prohibit specific stocks, or make the process of pre-clearance so cumbersome as to make personal investing not worthwhile. Plus, they want their employees to focus their energy on the mother ship, not personal gain.
Same can be said of investment management, since you need clearance before you trade your personal account.
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Take a look at http://buffettfaq.com/ it has a source for the punch cards.
Source- http://buffettspeaks.blogspot.com/2007/01/permanent-value-teachings-of-warren.html
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You could step your game up and go with a OLED tv, probably costs a lot or go with plasma which has fallen out of favor but still produces a very good picture. Don't worry about the plasma problems that happened in the past since they have been now fixed.
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Coinye idea is hilarious ;D. I think Kanye would love to have a currency named after him and it fits with make everything simple philosophy he follows. I hope I could use it to buy tickets for a Kanye show. Haha!
Nonetheless, I think crypto-currencies will become the new internet bubble.
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Thanks Green King!!!
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yadayada, shipping companies have been beaten down this past year. Do you think 2014 is the year they will come back?
My favorite industry so far is the industrial equipment auctions. A company for example, Ritchie Brothers, has done very well and dominates the space, can't wait for the stock price to pull back.
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Try looking at gartner research reports. They specialize in IT.
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I posted it over here http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/investpitch-videos-and-presentations/
Congrats to Kyle again and there is a link to the presentations where you can download it on scribd.
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Sanjeev, you could have recorded and uploaded to youtube and possibly have gone viral!!!. JK, I know that's not your style.
I am going to have to put that on my bucket list and do it one day.
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Hey guys, Institutional Investor and Sumzero held an event where portfolio managers presented their ideas in under 5 minutes. You can view the pitches on this website http://www.institutionalinvestor.com/podcast.aspx?StubID=24080
And if you want to download the presentations you can find them here and d/l it from scribd. Better than registering on the II website. http://www.reddit.com/r/SecurityAnalysis/comments/1s7eyv/19_stock_pitches_from_the_sumzeroinstitutional/
Our very own Kyle from Grizzlyrock Capital presented his idea on Murphy USA. So congrats and hope great things happen for him.
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You should look into http://sirf-online.org/
They basically do investigative reporting and recently they have done a thorough article on BAM and a fraudulent hedge fund manager in Ohio.
So if you want investigative journalism to flourish then donate to this organization.
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Hellsten, I think the person you are talking about is Bill Miller.
If Good to Great suffers from suvivorship bias, what about Outsiders?
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In somewhat relation to this thread. The CEO/founder of Bonobos a men's retail store wrote about e-commerce https://medium.com/what-i-learned-building/d233f02d52a5 It may help with this discussion but I sure learned a lot about the industry. It was a good read.
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He is growing right before our eyes. Congrats Jeff!!!
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Are you guys open to having like a goto meeting or internet access for those not in Seattle? If you need $s I am willing to chip in. Thanks.
Packer
I would like to join this as well if you all are up to having virtual visitors. Google Hangouts is free and good quality.
+1 for google hangouts
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There is this rare book, The Bank Credit Analysis Handbook: A Guide for Analysts, Bankers and Investors by Jonathan Golin. http://www.amazon.com/The-Bank-Credit-Analysis-Handbook/dp/0471842176/ref=cm_rdp_product
Not many people know about it but I heard it is very good.
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Yes they still do.
Absentee-run businesses
in General Discussion
Posted
That's what I mean exactly moody202 sorry if I wasn't clear but it doesn't have to be strict 50/50 nonetheless also have a buyout clause in the partnership agreement if the chef wants to buy your stake in the future.