Jurgis

https://www.wsj.com/articles/gm-wants-to-not-only-sell-cars-but-insure-them-too-11605708000 Screw GM and screw the data-tracking insurance companies. Over my dead body. If car/insurance cos gonna require me to provide them my driving data I'm just gonna buy FSD Tesla. 8) :P

Anyone knows what percentage of x86 software runs fine on the emulator? In particular, games? 8)

So when are we gonna have Internet crash #2? Oh wait, it should be in 2021 so it would rhyme with 2001. 8) No profits stocks going up every day - check. No sales stocks going up every day - check. Overlevered BK stocks going up every day - check. Everyone making 100%+ returns on calls - check. People buying private/angel cos without financials - check. People buying SPACs at huge prices - check. People buying crypto for X00% returns - check. I know it's wrong thread. 8)

Zero commissions in US @Fidelity and I think most others mentioned. Not zero on IB AFAIK (unless you go with their severely limited noob account).

A bit OT, but at the VR/AR mini-euphoria after Facebook bought Oculus Rift ("OMG we will all use Oculus Rift in a year") my prediction was: 2014: "In 2020 VR headsets will have <10% of games/entertainment market." Spot on. I wonder if I should update it to: "In 2025 VR headsets will have <10% of games/entertainment market." ::)

How would you know that valuation is lower than for public companies if you do not have financials? Or you're just taking absolute valuation (400M? for Synthego) and comparing it to absolute valuations of public companies? But Synthego may have way lower sales than your comparables. Can you even list comparables without sales breakdown? It also may have lower growth rate. The only info I can get is employees (~250 ) and revenues (38-50M depending on sources). Valuation is roughly $420M at the current offering price at EZ. I am valuing this based on P/S so it’s around a 10x P/S. Synthego’s offering are specialized products and services for CRISP. A public company comp would be TMO, but they are selling very generally things like lab consumables and equipment. TMO trades at 5.7x EV/ Revenue. Given Synthego’s specialized offerings and hopefully growing revenues, this relative valuation seem to be reasonable based on P/S. Now with ~250 employees and 50M in revenues (assuming the upper boundary) that’s only 200k annual revenue/ employee and means that Synthego certainly generates losses, but this is expected at this point. I wonder how I could pull better numbers - perhaps tax records (those would be trailing) or something behind paywalls. Again, the above may all be incorrect and wrong and likely is incorrect to some degree so do your own research. Having sales estimate is better than going fully blind. So I withdraw some of my previous comments. It might be OK deal to buy it at 10x estimated revenues. Although you still don't know the growth rate - but maybe you can sleuth that too based on past revenue estimates if any can be found. I might still prefer to make angel investing in startup in same (?) space at 8x revenues where I have access to all info and I can talk to management when I want. Although it may have its own issues (it may never take off and die). But I may consider Synthego. Thanks. 8)

How would you know that valuation is lower than for public companies if you do not have financials? Or you're just taking absolute valuation (400M? for Synthego) and comparing it to absolute valuations of public companies? But Synthego may have way lower sales than your comparables. Can you even list comparables without sales breakdown? It also may have lower growth rate.

It's fun to see CoBF value investors cry bubble about various other e-car companies but consider it Charlie and Warren's genius when BYD price runs up on the same e-car sentiment. (Yeah, the e-cars where BYD is down 36% YoY https://insideevs.com/news/454741/china-byd-plugin-sales-surges-october-2020/ - but hey Oct 2020 results are positive ) 8) I would say that BYD is not really doing great in their business and the jury is very much out if it is going to be a successful company long term. BWDIK.

I sold most, but nobody should follow me (this time or anytime ;D ). I think that Aetna+ businesses will do great. I think the store front sales will suffer and pharmacy may suffer a bit. Things really depend on how well clinics and HealthHubs will fare. It is cheap. It also depends on whether one considers debt to be free or not (if not, you have a company that's barely growing and would have to spend ~10 years to pay off the debt). Combine this with CEO change and I'm not sure I want to hold this long term. As much as I'm Amazon fanboy, I think that doctor prescription integration with Amazon might not be trivial at first. Our doctors usually autoroute the prescription to CVS and I'm not sure it would be trivial to tell them to send them to Amazon.

Since Buffet's original purchase, no one would have ever lost money on BRK if they were patient. I'm always writing puts on BRK. Everything I have been put to I have either sold for above the put price or still hold with a nice gain. That is true. But it's also true that one could have sold BRK in March at a loss, bought other stocks and have outperformed BRK (and SP500) hugely since then. Also true, but how many can do that? I probably would have lost even more trying that. Yeah, but the context is Ackman's sale of BRK. And it quite possibly was not a big mistake considering his other portfolio moves. Although it's not easy to say for sure, since we don't know day-by-day cash position and buys/sells. Personally, I did not sell BRK, but I sold-and-bought stocks in March/April/May that sometimes worked out great and sometimes resulted in hugely lost opportunity. So I would not blame Ackman for BRK sale at a loss during that time.

rb just got disqualified from CoBF. ;D :o Did I miss a dividend in 1966 or something? 1967: https://www.investopedia.com/articles/markets/041714/how-warren-buffett-made-berkshire-hathaway-worldbeater.asp#:~:text=The%20only%20time%20Berkshire%20Hathaway%20actually%20paid%20a,bathroom%20when%20the%20dividend%20was%20authorized.%2015%20%EF%BB%BF I was close eh? I beg pardon to the CoBF gods. Stil I think that the method would work pretty well instead of trolling through the new york times stock pages of the 60s. Yeah, I'm mostly trolling you. ;D P.S. I may be hallucinating, but I'm 90+% sure there was a list of BRK prices since 1965 posted on this thread. It has disappeared. Not sure if author removed it or if there was another instance of CoBF posts disappearing due to whatever crash/etc. Which has happened once or twice this year.

Since Buffet's original purchase, no one would have ever lost money on BRK if they were patient. I'm always writing puts on BRK. Everything I have been put to I have either sold for above the put price or still hold with a nice gain. That is true. But it's also true that one could have sold BRK in March at a loss, bought other stocks and have outperformed BRK (and SP500) hugely since then.

rb just got disqualified from CoBF. ;D :o Did I miss a dividend in 1966 or something? 1967: https://www.investopedia.com/articles/markets/041714/how-warren-buffett-made-berkshire-hathaway-worldbeater.asp#:~:text=The%20only%20time%20Berkshire%20Hathaway%20actually%20paid%20a,bathroom%20when%20the%20dividend%20was%20authorized.%2015%20%EF%BB%BF

rb just got disqualified from CoBF. ;D

This very likely. Handholding for 401ks, ESPPs, tax planning, asset balance, etc. I know it's cliche that good financial advisor is someone who does holistic work for client's financial situation covering all the areas. But IMO that's exactly what most people need - and not the CoBF "beat the market maybe" investment manager. But hey that's way harder work and probably requires way more skillz. And may take more time and effort and won't be cost efficient for not HNWIs. Unless you do it out of friendship and willing to help. And yeah a lot of people ask for TSLA tips or "double my money stat" tips rather what they should be doing with their 401k. ::)

This pretty much. Also, let me go with a personal anecdote that shows how complicated things are. My commute is about 20 min roundtrip (10 min one way) assuming not horrible traffic. OP scenario does not apply to me since I was already working from office 3 times a week and likely going to go back to the same after Covid. Actually, my situation is closer to 5 days commute that won't become 3 days commute: we also go to Tai Chi classes 1-2 times a week which is 30-40 minutes roundtrip. And occasionally some other trips with similar roundtrip times. Now, can I get something way better by adding 10 minutes one way? The answer is pretty much "No". The answer is doubly "no" if you take traffic into account, since 10 minutes one way is ~2 miles in traffic. But even if you assume no traffic, 10 minutes one way is below 10 miles or so. And 10 miles does not give you huge upgrade in Boston area. Especially if you start accounting for conveniences like keeping your doctor, having good restaurants nearby, etc. BTW, IMO OP overestimates cheap availability of land/water. If you want a lot of land, it's likely going to be away from freeway and streets add way more commute time than freeway. Water, especially desirable water, is very expensive. I doubt I'd be able to get the same house on the coast for cheaper if I went out 1hr roundtrip (that's 30 minutes one way). It's anecdotal, but I've looked at places for fun when we were going out with friends and "land+water" or just "land" in desirable small towns out 1hr roundtrip costs as much if not more than my house. So pretty much what rb said. 8)

Major reason why I'm still on the fence of buying Tesla. The car, not the stock. 8) Not in a rush and can wait another couple years. Maybe they will improve the operational side of things.

I am pretty sure Barron's has a top ESG company listing periodically and probably Fortune (and maybe Forbes?) does too. Quick search found this: https://www.barrons.com/articles/these-companies-rank-best-on-social-criteriaand-could-reward-investors-51593215993 https://www.calvert.com/100-most-sustainable-companies-list.php

One word: plastics. (I've probably done this before on this thread ::) 8) ).

This is a PSA topic. I've listened to Mistras presentation at Fall Investor Summit and looked briefly at their financials. Although it's not a company I'm interested in, I thought it was one of the best companies in terms of investment opportunity presented at the conference. FCF positive. Cheap. It's not a long term grower/compounder, but it is likely a good recovery candidate. Just another value stock for value investors to ignore. ;)

Resurrecting this thread: Paul Andreola pitched this at Fall Investor Summit. I still need to go through their docs and numbers and this thread. The last post on the thread by deepdiving is not exactly positive. ::)

So in your opinion Twitch donations are also fake? Organized by Amazon/Bezos to inflate their revenues and stock price! ........ just kidding 8) There is actual community and culture of gifting for live streams. Mostly not by cheap value investors though. ;) To be fair, there is also buying of fake followers and fake fans. On western services too. Youtube, Instagram, Twitter, etc. Just search for "buy followers". ;) Does not mean that Google / Facebook are cooking their books though. I'm not saying that YY is all clean. I have issues with what they do, which is why I sold. Not because of MW report. It is possible that YY is totally fraudulent. My guess is that it isn't, but there's enough questionable behavior to avoid it.

Why do you think it is mostly crap? I am no longer interested in YY, so I won't spend time on extensive analysis of MW report. IMO, the exaggerations of the gifting - especially in "tournament" where highest gifted wins - are real. OTOH, it does not necessarily mean that the company is behind these exaggerations and that the company fakes their bank accounts. Let's leave it at that.

So you are saying that EquityZen and SharePost are not startups? :o

There is pretty zero benefit for GM to mention Nikola at this time. That's independent on whether GM goes with Nikola transaction or not.