hardcorevalue

A huge part of instagram stories are just repostings from tiktok now.

The risks I see are: Nintendo is not handling the development for mobile smart phone games themselves. Quality may suffer. The NX system may launch soon. This is a knee jerk response to the terrible WiiU. Any new console launch is a wild card. Nintendo may be outspent in Virtual Reality by dramatically larger companies. Facebook, Apple, Sony, Microsoft, Google, Samsung. Street estimates have nintendo doubling profits by 2017. So some mobile growth has already been factored in. If Nintendo came out tomorrow and said it would become exclusively a software developer I would buy the shares instantly. But anybody who understands Nintendo corporate culture knows this is highly unlikely. I'm still sitting back and watching.

Sorry if this has been asked Packer but what broker are you using for these Korean companies (Fidelity)? IBKR doesn't seem to offer it to Canadians.

Good results but the guidance is very confusing to me. Why is ebitda/fcf guidance (+7.7%) growing below revenue (+8.2%)? That really doesn't make any sense to me given the economics of SIRI and its historical financials. Do you think it reflects higher content costs (Stern, NFL?) similar to what cable co's are facing now?

cut the dividend, put it towards buybacks.

Happy Birthday Sanjeev 8)

packer is awesome! great interview

I agree with Cardboard, it's so hard to get comfortable with the brand. Very few fashion companies stay in favour long term. (Although there are exceptions obviously)

All I can say is I have seen this in countless friends (late 20s early 30s age group) in Toronto. Yes, the most common belief is if you don't buy now you will never be able to afford a house in the city. There is zero belief (and I say this not over exaggerating) that house prices can go down. They are a 'one way' asset to most Torontonians. Any time you mention the US, Ireland, or other markets where housing broke, they say Canada isn't like that or the government would never let that happen. This spring is likely to see material price appreciation in Toronto, the interest rate cuts (although small) make it seem to the public that rising prices are even more permanent now.

Berkshire was 'just' a bit more established before Buffett began trying to leverage the corporate name......

I am with HJ on this. I too am very nervous of the effect of Apple pay on Amex's business model ('the cache'). When you pay with Apple pay nobody cares about your credit card, they care about your phone. (Just my opinion of their brand not the stock)

I think Buffett talks slightly differently publicly because his words carry so much weight and are then held by others as rules. I mean yes leverage for some very talented investors on some occasions makes sense but for the majority of people it could bankrupt them at some point, so he errors on the side of caution when writing these letters.

Here are links to all the videos: http://video.foxbusiness.com/v/4032604091001/buffett-think-new-nebraska-store-will-do-over-1b-in-sales/?playlist_id=1866680862001#sp=show-clips http://video.foxbusiness.com/v/4032604090001/buffett-my-aunt-gave-me-20k-to-get-started/?playlist_id=1866680862001#sp=show-clips http://video.foxbusiness.com/v/4032560065001/buffett-will-probably-buy-a-small-business-in-western-europe/?playlist_id=1866680862001 http://video.foxbusiness.com/v/4032419536001/buffett-geico-was-my-first-love/?playlist_id=1866680862001#sp=show-clips http://video.foxbusiness.com/v/4032461248001/buffett-on-coca-cola/?playlist_id=1866680862001#sp=show-clips http://video.foxbusiness.com/v/4032419537001/buffett-on-oriental-trading---/?playlist_id=1866680862001#sp=show-clips http://video.foxbusiness.com/v/4032581826001/buffett-on-cancer-2016-elections-and-apple-/?playlist_id=1866680862001 http://video.foxbusiness.com/v/4032712005001/warren-buffett-fed-will-find-it-very-tough-to-raise-rates-this-year/?playlist_id=1866680862001#sp=show-clips

Sure but with banks already paying almost nothing on savings accounts isn't their some lower bound problem with falling rates in terms of NIM?

Does anybody have any thoughts on what happens to BofA if we get 10 year rates sub 1% for an extended period of time? I'd assume NIM margin would come under further pressure. All the talk of normalized earnings power and Moynihan's comments are in normalized interest rate environment, perhaps this may be further off than many of us would like. I know Buffett says he never lets interest rates influence his decision but given the expiry dates of the warrants and the experiences of Japanese banks I'd be curious to hear people's thoughts.