LC

Bought some berkshire

Thanks for your elucidating correction.

Anyone has comments on the maintenance union negotiations? I was flying SW a month ago and we were delayed 3 hrs for maintenance issues. I read at the time that the union was forcing lots of flights to stay grounded for maintenance issues as a negotiating tactic. Curious if anyone here following closely has an interpretation

How is this topic still going? The lessons here seem pretty obvious: -Be really good at your job. This dude was raking in cash from his dental clinics. -Buy and hold works if you buy right. Put the two together and you have a chance at something really special.

Does one lead to another? By that I mean, you say the business model is attractive - I assume this is referring to the various royalty streams. And you also say the environment is terrible. Does the only reason that such a business model (i.e. the collection of various royalties) can exist is because the environment is so terrible?

I gotta ask, this thread is years old, hundreds of posts, what is the allure of this company? I don’t know if any money has been made here, but if so has it been worth the brain damage? In other words, why haven’t you guys chucked this one in the too hard pile, years ago?

One of the best ways imho is to ignore all the IR and go right to the products page and just be a customer. Do they offer a better value than competitors? A good product offering/revenue line is #1. From there you can do the traditional assessment.

Let go of your earthly tether Enter the void Become wind https://i.kym-cdn.com/photos/images/original/000/975/870/ebc.gif

Obviously they are bullish. To be fair in general there is value in presenting information in an easy-to-digest manner. I agree most was regurgitated information. Some parts I found useful: Volume to MktCap The macro data EV:#Employees Ownership structure Comps metrics The threads/opportunity slides

In fact the prequelists are making a strong comeback. So many younger SW fans grew up with the prequels that the overall fandom has lost much of it's hate for the prequels. Yes this is such an interesting phenomenon (from someone who grew up with the originals) - but hey, childhood movies are a great thing so I won't judge!

New Drone Footage from Star Wars: Galaxy's Edge https://v.redd.it/tp899bh1nvk21/DASH_720

Any idea on the breakdown between new builds vs. existing home upgrades? I would imagine smart home products are highly correlated with new builds.

Thanks Keith. Some additional information on intangible asset valuation for those interested: https://www.oecd.org/tax/transfer-pricing/47426115.pdf

As John mentioned there are accounting rules which require the evaluation of assets on a quarterly basis to determine whether the asset is impaired: At the end of each reporting period, an entity is required to assess whether there is any indication that an asset may be impaired (i.e. its carrying amount may be higher than its recoverable amount). IAS 36 has a list of external and internal indicators of impairment. If there is an indication that an asset may be impaired, then the asset's recoverable amount must be calculated That is all good and well: but let's be real. Did Kraft/Oscar Meyer lose all this value between Q4 2018 and Q1 2019? Of course not - value deteriorates over time. What really happens is that, over time, value drops. But there are some conflicting forces at play: management obviously doesn't want to write down those assets slowly every quarter, and it is hard for external auditors to prove permanent impairment. So what happens (at least in my experience) is that over time the value drops...drops....drops...until management cannot deny or justify to the auditors the current carrying value. Then they take a big hit, like what happened with KHC. Just my 2 cents.

Oh and think about it this way: it’s easier to eat out less and save cash than get a raise at work.

Exactly. Essentially, you can exert some control over costs. Pricing is much more dependent on your market of customers.

Allocate a % of your portfolio to it and let us know how it goes :) I think if you have particular insight into any demographic then you can do well...the rich/"basic" female demographic may be even easier because it may be underrepresented/underfollowed by mostly-male professional investors. But that is a strong "maybe".

I have a watchlist of about 40 stocks on yahoo finance. Used to use google finance but they decided to kill that. I also use feedly for SEC filings and various blogs which I used to follow. I rarely check this anymore (blogs are boring and the odd lot filings have fallen off). I probably should keep more invested in the spinoff filings. I use finvix for basic screening. As with anything you want this to be relatively general. Check this maybe once or twice per quarter. I get summary financials from rocketfinancial.com and then of course the investor IR website for presentations, primary source for filings, etc.

Low rates have previously made it difficult to find "true value" - asset price expansion has obscured traditional earnings multiples. This may be changing as rates are creeping up...the tide is going out. I also prescribe to Spekulatius' final bullet point. Value never went away over the past five years: however it was seen in a few different places. 1) The regulated banks and other crushed companies (FCAU comes to mind) rebounding from the crisis. 2) "Growth" "FAANG" whatever you call them - they mostly lived up to the hype. Apple, Google, Amazon all have done well and provided tremendous value to customers/society/investors. I think it is important to remain flexible and not religiously adhere to a certain view of the future. The windshield is foggy but we must make out best guess.

And that sounds like a decent compromise. The plans were poorly thought out and created in a time of extra-ordinary middle class growth, with no adjustment mechanisms. They are simply no longer sustainable, as Buffett pointed out in his letter to K Graham. But the unions also need to respect the hand that feeds - and the temporary suffering of the entire community (ch9) is the price to let the inmates know they are not running the asylum.

I felt the same with the Denver/Boulder area, but rb summed it up nicely: Everyone was bending over backwards to have them come and where did they choose? NYC and DC - two of the highest cost jurisdictions in the US. They were gonna pick those two places no matter what. Tax incentives didn't matter. IMHO Amazon is trying to get closer to building AWS into a service for financial institutions and the federal government and NY and DC are the places to do so.

WM...one man's garbage is another man's....

Why are the implications if the city declares bankruptcy? These poorly constructed pension plans are generally legacy problems from the days of old, but they are a real PIA. Look what happened to Chrysler. If it were me, and the unions refused to logically negotiate and make concessions, declare bankruptcy and f*(@ em.

I wouldn't be too sure about that. Have you heard of MGP Ingredients: https://www.cincinnatimagazine.com/high-spirits-blog/mgp-ingredients-lawrenceburg/ They are contract producers for small label US whiskeys. You want to make Castanza whiskey? Call em up and they can make it happen.

Starter (small) position in RELX. Used to own it and had liquidated it last year as a home down payment like the business, was looking for sub-20s re-entry but for a starter position this (~21.30) is OK to get comfortable again with the business.