LC

Looks interesting thx for the research idea.

Agreed. They should be de-levering at speed. Uncle warren wants as much cash out as he can get as soon as he can get it. And if the company goes under, buy the debt at firesale prices, and end up exactly where he started but with less money on the table? Just guessing.

There you go. Building up expertise and showing interest. Wow color me totally wrong on that. Pretty nuts, but I guess if they see enough demand in cars + storage/home then there is enough volume to warrant this. Given the way they have treated their other products it does not seem likely they will be manufacturing for anyone other than Tesla/Elon products.

What do you mean by "60 day rollover rule"? You can remove funds from your Roth IRA without penalty, if you put them back in after 60 day or less; at least that’s my understanding. Yes that's right but I am not sure whether it is required to be the exact same security which is returned. I.e. if tendering shares worth $100 and replacing with cash of $100 is considered a distribution or not. Also note you can only do this once annually.

If SBAC cannot help directly, I believe Citi operates in Cameroon. https://www.citigroup.com/citi/about/countries-and-jurisdictions/cameroon.html

I wonder if the 60 day rollover rule could apply.

You've always got such creative financing ideas; a real treat to read. Thanks for the food for thought. Cheers.

Either DIY it as Greg said or try to find brokers who WOULD be willing to tender the shares on your behalf. Open an account with them, transfer the shares over and proceed with the tender. How to find such a broker is the difficult part. If you know of other shareholders you can start there; you can also look into Camaroon brokers and try to find one that also operates in your country or is affiliated somehow with a local broker; it may be easier for them to process all the red tape if it's a related/affiliated company. Good luck

If I had to bet, I'd bet on Tesla staying out of manufacturing raw components. What they have done very well is develop battery packs and the maximizing software. These are their competencies on the battery/storage side of the equation.

Thanks for posting.

It's waste because you have 5-10 companies researching the same thing with little marginal benefit. At this point they are just trying to catch up to Tesla, not design a groundbreaking technology. In contrast, in computer electronics the R&D is consolidated and the technology is licensed. Autos refuse to do this. This is Marchionne's argument that he made 4 years ago with FCA and my point is that here we are again at the crux of change in this industry, and instead we see the same uneconomic behaviors from the major participants. Imagine Tesla licensed their battery tech out at $5B to the major automakers for 7 years. Now the automakers are 2 years ahead in their manufacturing plan and can start pumping out EVs. The industry change happens much quicker which builds some network effect. Tesla immediately is profitable, and can pump 1/3 of that into continued R&D to continue to improve battery efficiency and get Elon his space-palace on Mars or whatever.

It really is the same story all over again. So what happens now? Does every automaker spend billions developing their own, overlapping battery technologies? The amount of capital wasted in this industry is incredible.

Kind of an unrelated question: Have there been any studies or literature on the threshold after which the brain becomes overwhelmed and incorrectly assigns the same or similar items as "random"? I am wording this question poorly; let me give an example: Let's say you put on headphones and listen to brief (3-4 second) jungle sounds, one after the other. A tiger roar, a monkey screech, a bird call, a waterfall, an insect sound, etc. etc etc etc. And maybe some of these are slightly different, e.g. a tiger roaring loudly, a tiger purring softly, and so on. When is the point where we hear the same sound two or three times, but can't distinguish or remember that we've heard it before? Is it after 10 sounds? 20? 50? Just wondering if anyone has seen any type of literature on this or related topics.

Ditto. 1.3x book is not a bad price for Berk esp. as it's a partially "defensive" stock with the cash and traditional businesses, and also exposed to market upside thru Apple

After a good top line quarter from PM announced today, I should have accelerated my timeline. Personally I still think the quoted advice is the best move here.

Some up front apologies to my German and Alabaman friends: Those were my two German jokes, please take them seriously as German humor is no laughing matter. On the other hand: Why are murders in Alabama so difficult to solve? All the DNA matches and there's no dental records.

This is a shame but instead of dwelling on that let's revisit your post because as usual it was a good one: https://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/tsla-tesla-motors/msg387586/#msg387586 These 3 paragraphs I think lay the foundation of the bull case. Here are some counterpoints: -Electric pickup: Pickups as you mention are working cars. Batteries I think still need to improve before it is feasible (although given that we have the ecascade I am wondering what is the delay here). -Roofs: The trend with millenials is not to own large expanses of house. They are going smaller, closer together, in other words with less roof space. But I do agree with you on the main point: it will not be an OldCo which is going to transform cars or housing. IF it happens, it will be Tesla. But I think that's still a big IF. Personally I think Tesla is still unproven but the price assumes the opposite.

I think the question is, "what is the eventual fallout of suspended low rates?" If there even is such a fallout. In the past it's been inflation, right? Well, we don't really see that. If there is any consequence, I think we'll see it in terms of investment options. Asset prices can only be inflated so much, eventually we hit zero or negative rates. And yields can only be compressed so much, there's already junk out there priced at 3%. So eventually the marginal investment trends to zero. Which if you're not investing that dollar, you will consume it. Perhaps then we may see inflation. Obviously this is macroeconomic musings so take it with a grain of the tea leaves I'm reading.

Newbie here... does anyone have a link to this mythical Eric trade? I spent 15min looking for it and did not find it. You can go thru his post history, it was years ago (2015 or so?) on the BAC-WT thread. There's also a more concise version in the "strategy" forum, but the BAC thread is where it went down "in real time" so to speak. It's a good read for a slow day to see what the thinking was at the time.

Since today is officially "Tesla market drama day", this reddit thread provides some unfiltered commentary:

What means did you short if you don't mind sharing

Literally fucking nuts. Guess we all should've went all-in 5 days ago and then mailed the rest of the year in!

I looked at a recent zerohedge article about coronavirus. The three sources were: the CDC, some random guy's Tweets, and the NY Times.

Zerohedge almost never provides first-hand source material nor provides any value-addition. They just create a narrative out of pre-existing events. ZH is essentially useless to those who prefer to do their own thinking. In contrast, established journalist outlets perform their own studies, their own information gathering, their own analysis (statistical or judgmental), and present both the methodology and the results. This is useful information because it allows the reader to draw their own conclusions. For example, for years now the Washington Post has maintained its own dataset of police violence. This is a valuable service because it can be used to independently validate statistics which are self-reported by government sources. Both sources disclose the methodology behind their dataset construction, and you can use this to form your own opinion on the extent of police violence. This is the healthy function of a journalistic enterprise.

Gini was terrible and I'd wager the driving factor behind the RH acquisition was to maintain IBM (and her management team's) relevance. That said, it IS the only thing keeping them relevant.