Jurgis

Yes, possibly, maybe even likely. I think it's still gonna be much smaller total business, but I did not try to run numbers.

How about someone that is blue collar and not an economic elite? I'd vote for that person blindly. There's always this guy http://bennorton.com/2016-us-presidential-election-endorsement-vermin-supreme/ He's not a member of any economic elite. And I, for one, would love to see the president sitting in the Oval Office with a boot on his head. In Lithuania we have actually elected such people in the past. The results were worse than the career politicians I have to say. But that's just MHO. (And yes, I am aware that rkbabang's link was humoristic)

Good luck! I've been looking at DIS all morning (and it's been on a small watchlist prior to this morning). I also barely passed on INT at $36 the other day. There's definitely some interesting stocks getting close to attractive levels. I bought more DIS today. This is a no-brainer investment. Powerful movie franchises, a moat on theme parks, ABC, ESPN, etc. How about the valuation? DIS stock and others more than tripled since 2011 and now it's a screaming buy after not even a 15% drop? Maybe Mr Market is just realizing now they might not be that valuable? Clairvoyance sometimes comes with a shock, something little can set it off. DIS is at the level where it was 5 months ago. How many bought then? How about a year ago? Two years ago? Just playing advocate of the devil but I'd be wary of price anchoring. And how likely are you to outperform with a $185B company anyway? I've also noted this trend where quality seems to be everything. Valuation comes second for some reason. Or that's at least how I perceive it. Definitely see a surge in the popularity of this damn quote: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.". Sorry Ross, read DISCK as DIS. My bad! :) Have been looking at DISCK myself given the price action and Malone influence. .......... Yeah agreed. Read DISCK as DIS(ney). Time to get some glasses I guess... To be fair, some people upthread were talking about DIS, so your comment was on target. I tried to cut relevant parts out above.

Fair question. Some people argue that mass unemployment is coming. I believe that's quite possible in 20-30+ year timeframe.

OK, fair enough. Like rb said, if Buffett was 20 years younger and BRK was at 1/10th market cap, we'd buy BRK rather than FFH. ;) I am buying both, but I can see where FFH is not like BRK. I did not expect MKL to outperform FFH... my smallest position of the three and doing best so far this year (which is of course rather meaningless).

DISCA/K and FOXA are quite cheaper than DIS. DIS has bigger moat, stronger brand. Does that justify the price spread? I guess for some people it does. I own/buying some DISCA/K, FOXA. No position in DIS.

Agreed. I wonder if we are seeing "It's far better to buy a wonderful company at any price than whatever man".

This.

I am still not sure why people mention Eurobank but forget Irish Bank... LOL ;)

I agree with this. And I think this is a risk with Netflix (not that Netlix is being discussed as investment here, so this is OT): the huge cash drain on making the content.

I don't see the value at current price. Maybe Ackman will work it out. We'll see.

Right. You don't have to apologize. I know this. It has been reflected in the price differential too (at least in the past, I have not compared today). The valuation differential between STRZA and DISCA has shrunk quite a bit. Yes, I looked at that and I plan to swap some/most of STRZA to DISCA.

OK, I think we are on the same page then. :) Thanks.

Right. I hold both STRZA and DISCA. I am thinking of switching from STRZA to DISCA. STRZA was much cheaper than DISCA last year - not anymore. And DISCA seems to have better properties and better financials.

Kinda does not work if they spend more money on drilling than the OCF it produces. ;) I'd assume they could cut production, SG&A, etc. So are they drilling just to keep status quo? I understand if they have to drill so that they don't lose the properties/rights. But that's not what you are saying. Ref to 10Q: http://www.sec.gov/Archives/edgar/data/895126/000089512615000203/chk-20150630_10q.htm I find capitalizing interest rather funny.

Is KMI currently an MLP with K-1 tax filing? Sorry if it's a basic question, I seem to remember they had both and then one of them bought out the other... What is the remaining one? Or in other words: if I buy KMI, do I have to do K-1 tax forms? ;)

Perhaps you should petition for a ban of cruise control. It is known that the driver reaction time in automated driving is slower - exactly as you claim. And almost every single car has cruise control. NTHSA wants to hear from you.

Right. You don't have to apologize. I know this. It has been reflected in the price differential too (at least in the past, I have not compared today).

Right and why do they want to keep production flat? :)

DIS is most attractive. It is also probably (have not run numbers across all companies recently) most expensive. I hold STRZA and DISCA because I thought that Malone will find a way to wring returns from them. Not happening so far. DISCA was expensive some time ago, probably no longer. STRZA has been cheap, which means I did not lose much on it. Yet.

Perhaps we should have taken a hint when STRZA found no suitors last year. (Perhaps some of us did. I did not.) I agree that this sector needs consolidation. It's just not clear whether consolidation will occur, at what prices and whether it will drive pricing power. I hold some STRZA and DISCA (+ other Malone companies that are doing better than these thank you very much). Edit: BTW, follow the money. Is Malone buying back STRZA and DISCA into Liberty fold? No? So perhaps the prices on content companies are not that cheap yet. (Although at some point he might jump in and gobble and then it's gonna be too late ;))

I have a tiny position and I might buy more, but... I don't particularly like that their drilling expenditures are much higher than OCF and have not dropped from last year: http://finance.yahoo.com/news/chesapeake-energy-corporation-reports-2015-110100482.html Sure, they have a bunch of cash (unlike some other E&Ps), but shouldn't they cut the drilling more?

Respectfully disagree, my father is an air traffic controller and my uncle is a 777 FO for one of the big 3. Basically from the time the plane lifts off the ground to sometimes final approach, the autopilot is flying the plane. It's much more efficient from both an operational perspective and an airspace perspective. But you are correct that in tight spots the flying is done manually, the problem that is starting to come about is that pilots are so used to the autopilot running the show that when the shit hits the fan they don't have the piloting skills to get themselves out of trouble. The Air France A330 that crashed off the coast of brazil is a classic example. This is a great read on what happened: http://www.vanityfair.com/news/business/2014/10/air-france-flight-447-crash Exactly. And the capability of automatically getting out of most tight spots is there, but not sold for the same reason pilots are not trained enough for these situations: they are very rare and nobody wants to pay for it. This only comes up after accidents like Air France crash or when German Lufthansa pilot crashes the plane. AFAIK, the only situation that humans might handle better than automatics is emergency landing not in airport. This is not developed AFAIK. Also with $20K pilot salaries (OK, I am kidding a bit, just reffing that article above), no airline wants to be a test rabbit of flying pilotless plane or even flying single pilot + automatics and trying to push the change in regulations to allow such things. It's much more likely that we will see pilotless planes in Air Force way before we get pilotless planes in civilian airlines. Oh wait. ;)

Any other stores that permanently stopped sales of guns and ammunition? I need a list of stores to support. American obsession with guns is horrifying.

+1 LOL agreed.