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rjstc

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Everything posted by rjstc

  1. I don't know much about SD. But why would they want to sell XOM? If it got down to maybe $70 or less I'd want to buy more. They will come out of this still strong wouldn't you say?
  2. Absolutely right. Won't know until we can look back to see when the bottom was. Probably need a lot more bankruptcys/mergers before its close. However I think it's events like these where some good buys can be made.
  3. I think it was around 2000? When oil got down to around $14-16 a barrel that many people were saying the same thing. Oil prices would never get back up too high. I'd make a bet that when this slump is over the price will be higher than where it got up to after that. +$100.00 barrel. Buying somewhere around this point of pessimism will work out fine. Like buying banks etc just a few years back.
  4. I'm surprised that Sanjeev has not been named. I have given some money for him & Alneesh to manage & feel very comfortable with a 15 year, or shorter or longer time frame.
  5. Peter 1234. Thanks for the info. Do you have any info where the two co-managers are headed to? Álvaro Guzmán de Lázaro and Fernando Bernad, they followed suit on Monday.
  6. Great! Thank you! :) I am curiuos and I will surely read it. Gio +1 thank you
  7. I'm sure you two will rip me for this but could you please quit your "Chest Bumping" and go back to some good ideas so the rest of us can copy & make some money? Or is this an indication that there are not any good buys out there & this is all you you have time to do in the meantime?
  8. Exciting!!!! Go Sanjeev & Alnesh!!!
  9. A very happy birthday Sanjeev.
  10. Myth. Curious which Clark? Harland Clark?
  11. That was a good interview about his thoughts on com pounders & especially MKL
  12. Thank you for posting. I enjoyed it a lot. Ron
  13. I already hold both cash and some short positions… And I don't want to stay too much out of the game. Therefore, can you point me at a business, any business, not necessarily an insurance company, that is better positioned than FFH to take advantage of an hypothetical market panic? I would then gladly shift some capital from FFH to … Gio Cash. It didn't drop from $285 at the beginning of 2008 all the way down to $219 in March 2009. That drop was "only" half as severe as the overall market. Given the gains on the hedges, one might have thought the stock would go up, right? Wrong. Good point Gio. I think that part of the problem is mental. With a cash position people think they are missing something. But as he says it was a better hedge.
  14. Welcome back Gio. I had the same feeling at the Doges Palace in Venice the first time I saw it. One of the halls had a map covering the walls of the world as they viewed it 900 years ago. Very little showed in the Americas. It was an odd feeling. Ron
  15. So you don't take any short term taxable gains? Then I can see your point.
  16. In truth, this is not fair: not much of what Mr. Buffett does is very relevant to any of us… Ok, I admit that! Yet, an entrepreneur is content to be “vaguely right”… When he finds a good business, he sticks with it, unless its future prospects go irremediably south, or he is offered an obscene price. And the reasons are very clear to me: 1) the knowledge and the experience of everyone are definitely limited, 2) valuation is not an exact science. And in the long-run I think it is far better to hold a slightly overvalued share, which you know in the end will take you where you want to go!, than to constantly run the risk of making very costly mistakes. But the fact that I might be willing to hold a slightly overvalued share doesn’t mean I would be buying more at those prices, or that I would like management to do that in my stead. Gio And assuming that ERICOPOLY bought at a good price originally, and taking into account the fact that he says he is paying about 50% combined state and federal taxes in taxable accounts. It would seem like in making capital allocation decisions he would have to take that into account. 1) By selling at full value he reduces his profit by that rate? 2) He says that by holding the stock you are implicitly saying you are buying that stock today. So would that mean you would be immediately taking a loss when you factor in taxes?
  17. You need to give him a little slack! He may a little too exhausted to reply before sometime tomorrow afternoon. :P :P :P :-X :-X
  18. That's great advice Gio. Always inflate. Good luck!!
  19. yes I think I mentioned I was just showing the stocks based on nothing but how they looked 5 years later on a chart. I didn't say it included or didn't include anything else. I would guess most people would assume that dividends were separate.
  20. I was thinking about all the discussions about Fairfax VS some of the other stocks that I hold. Just simply looking at the charts of each for the past 5 years on my Schwab account I came up with these. Don't know if they are perfectly accurate but these are what they said. I don't hold Fairfax or BRK.B right now but do own all the others. Fairfax +39.36 LRE.L +107.79 BRK.B +64.35 LUK + 53.13 MKL +75.26 EXOR.M +279.05 BOL.P +425.15 Nothing scientific, just roughly comparing.
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