Jurgis

So how about that https://en.wikipedia.org/wiki/Trolley_problem Just trolling... 8)

Thank you. 8) To answer the other poster, I don't know the number and I don't know individually the cats I saved. If you need the info, you'll have to call the organizations I donate to.

Crickets on this thread. ;D I'm wondering if OTCM is just Cromwell Coulson's cash cow. I.e. pay divvie from cash flow and live on the income happily ever after. OTOH, it's tough to say what he should do. Diworsification is not advisable and the niche is pretty fully served. You'd have to have some creative ideas on how to grow this without diworsifying...

No. Just no. Paying $40 per month is not a win for pet owner. Sorry. Maybe it is for people who throw money at pets as if they are family members, but it's not for a regular person. Sorry, if kitty gets cancer, it's not getting $5K procedure and it's not getting pet insurance. It is going to eternal hunting grounds where mice run slowly and bowl is always full of organic kibble. Not to say that he and FFH won't make tons of money on pet insurance. Cause there's tons of people who think that Fido is a family member and all that. It's a personal choice. There's no right or wrong answer, it's subjective. If you love your pet, insuring against it potentially dying because you don't have thousands on hand might make all the sense in the world and be a small price indeed compared to the alternative. Doesn't matter if you wouldn't do it if many others would, just like it doesn't matter if I wouldn't spend money on a luxury car or a fancy business suit if many others will. Maybe you love an artist and will spend hundreds to see them live but I think they're worthless and wouldn't pay a dime. We're both correct from our perspective. And I write this as a non-pet owner who can still see how many people feel deep attachment to their pets and want to take good care of their health. I literally spent like $3k getting rid of my cat's cancer a few months ago, and did it without a second thought. Animals mean a lot to me; they have always been there through feast and famine, and I will do what is in my power to make sure they have the treatment they need to live a happy life. He was growing cysts and some of them were cancerous and had to be removed. That 3K could have saved more than 10 cats who instead were killed because shelters don't have space. Yeah, attachments matter. And ethics is a harsh mistress ( https://en.wikipedia.org/wiki/Trolley_problem ) Meow.

His thoughts about recency bias are worth listening to. QFT.

I'm not sure it's so black and white. However, what I discovered while looking for other people to manage my money: it is very hard to accept others' investment choices that contradict your own worldview when you are yourself an investor. E.g. you think that SHLD is a donut; how can you give money to someone who invests into SHLD? Maybe this is extreme example, but there are similar issues. On the other hand if someone makes the same investment choices as you do, then what's the point paying them fees to do what you can do yourself? ;) I guess it is possible to find someone to trust implicitly without analyzing their positions and processes (or maybe they don't tell you their positions and processes... then you trust even more implicitly ... haha ;) ). It is quite hard though. BTW, it is easier to trust/not-get-flustered when someone invests outside your area of competence. I guess that goes back to trusting implicitly. 8)

No. Just no. Paying $40 per month is not a win for pet owner. Sorry. Maybe it is for people who throw money at pets as if they are family members, but it's not for a regular person. Sorry, if kitty gets cancer, it's not getting $5K procedure and it's not getting pet insurance. It is going to eternal hunting grounds where mice run slowly and bowl is always full of organic kibble. Not to say that he and FFH won't make tons of money on pet insurance. Cause there's tons of people who think that Fido is a family member and all that.

Watched TED video. Super great. Maybe I should buy more TSLA to support Elon. Or just make another M3 deposit. 8) Stars My Destination!

Ppl just sign up for a public library account that gives free access to Morning* 8) Here's the pointer to discussion and some options: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/gurufocus-vs-morningstar-vs/msg292601/#msg292601 Not that I object to M* report posted here ;)

Why not? If I had $$$B, I'd consider donating to university. Might not be the best place to donate money to (I'd probably talk to Bill and Melinda instead), but not the worst either. There's a lot of progress in our lives that came from university research.

If only I saw this 5 years or so ago... :'(

I think the point being, why isn't JNJ buying when teh price on offer now is demonstrably less than they are contractually committed to pay. His use of "all" was only a slight mispeak. The value to JNJ of doing what Roark proposes is proportional to # of shares they can get.... they don't need to get all of them... Yeah, that part is probably based on laws and/or them not caring much about getting slight discount on small percentage of holdouts. 8)

If everyone is forced to accept 278, they would. If they were not forced to accept, by law of supply and demand the price would go higher than that since you have a forced buyer that has to get to 100%. Yeah, sure if JNJ can always switch to some other method to squeeze out the last 0.0X%, then the holdouts risk getting worse price, but roark33 suggested buying all remaining shares in the market. And this just does not work. You have to wield the stick too to get the holdouts to tender.

Look how small FCF is ;D ;D ;D (Compare http://www.rocketfinancial.com/Charts.aspx?fID=4614&t=9 http://www.rocketfinancial.com/Charts.aspx?fID=2860&t=9 )

Yeah, would be a sort of no-brainer if they could just do it. But usually there are laws/rules/regulations that make this hard for the company (no idea how it works in Switzerland). Wouldn't the last 0.0X% of shares go parabolic if someone tried to buy all remaining shares in open market? I agree with Hielko about laws, but even without laws you can't really buy out the last couple percentage without hugely spiking the price.

They continue to promise 15% per year returns. ::) 8)

CHTR Pretty much all Liberties (LSXMA/SIRI/LBTYA/LILA) GM Airlines I am sure I am missing some more... http://www.dataroma.com/m/holdings.php?m=brk Care to comment? 8)

;D 8)

I finally read the paper. They have some good results and some very so-so results. First, positives: This is well researched and real issue IMO. These are so so: This is claimed based on stock prices 5 days ( ! ) from the posting. "Strategies" based on sentiment are really crappy IMO ("buy when someone posts positive sentiment on stock, sell when someone posts negative sentiment"). It would be great if they got some long-er term stock return results. But then it's very difficult to research: what is "long-er term"? When would you buy/sell/etc.? This is also not very useful. Clearly if you are value investor, you would have a positive sentiment on dropping stock. Or not. Depends on the reasons for drop. So correlation is not expected and lack of it does not show much if anything. This might be true. Not sure it is useful insight. BTW, there might be 3rd cause that is real cause of both posting activity and future trading volume and volatility. In other words, correlation, but not causation. (At least they don't claim causation :) ).

BTW, two questions: 1. Has anyone tracked their performance while at BRK (as much as it is possible)? I know Buffett says they are outperforming SP500 and their bonus is based on that, but I wonder what are the numbers if it's possible to get at all. 2. Has anyone calculated BRK investment portfolio returns for last 5/10/15 years (as much as possible... I know this might be hard)? Stocks only, no wholly owned businesses, no fixed income. (What do you do with all the prefs that Buffett got in 2008...?)

Hmm. And what have they done lately? Look at their purchases. Isn't every single one of them discussed on CoBF and elsewhere at prices that might be even better than what they paid. Nah, I know that they are hamstrung by having to invest 10B+. So they can't buy obscure stocks that would return 50% annually. And in current information glut it's very likely every single idea is discussed in multiple places. So really it all comes down to execution. But it's still not clear to me that their execution is (so much) better than a lot of people here for example. Edit: this is not to diminish their smarts or their huge advantage of having access to Warren and CEOs of BRK subs. Yeah, you can buy BRK. But you're not really investing in them if you buy BRK. Their 10B investments are unfortunately still mostly peanuts in terms of BRK return. (Although airlines stocks that got picked up by Warren ... well we'll see how that works out ::) ). I'm not against buying BRK. But you can't get them for free by themselves (although you possibly did not mean that). And yeah we can get their advice and clone... Have fun 8)

Everyone just buy Tesla kk thx ok. 8)

https://www.androidheadlines.com/2017/04/google-facebook-hid-100m-scam-hit.html Lithuanians do it all by themselves... 8) 100M is not a material event. Eh. ::)

How much info you lose if you buy just 2017 book and don't have e.g. 2011 book? I.e. is the book just expanding year to year or do things get removed in new editions too? I have a 1998 version haha. Really haha.

;D ;D ;D