LongTermView

https://www.dailymail.co.uk/news/article-8255251/AutoNation-Fortune-500-auto-retailer-worth-3billion-received-nearly-95million-PPP-funds.html

I own all four of these. :)

Merry Christmas!

Permanent is a tough word. The https://www.cnbc.com/2019/06/25/billionaire-warren-buffett-denies-any-tensions-in-partnership-with-3g-capital.html interview gives me the impression that the decline is serious:

I asked about this on twitter. How is it that there is no impairment when carrying value is $13.8B but fair value is $9.1B?

People are talking past each other in some respects. Arguments can be made that it is just as "unethical" to buy companies other than Microsoft. But it was silly for Wedgewood to single out Microsoft without mentioning all the times that Buffett has said he won't buy their stock because of his relationship with Gates.

I agree the part about Microsoft was pretty silly.

As usual, I enjoyed hanging out with @racemize. It was nice meeting you in person, @Wabash02, I really appreciate the book recommendation. I'm sorry we didn't see you there, @EricSchleien. Hopefully we can all meet up in Omaha ...

I'll be there.

Instagram seems appealing to young people. Can you please clarify?

Over what time period is this? Are they just taking back share that the two leaders took from them earlier or is it more than that?

Yeah but he sold some shares in 1Q19 and we don't know what he's done so far in 2Q19.

Right, that makes sense.

I'm long uber but some of these numbers are confusing. So this is what we say about car expenses in the context of net driver pay: But in the Personal Mobility section of the S-1 part of the story is that the addressable market is large because using Uber can make more sense than car ownership. The Cost per mile section on page 173 says the following: I guess there is some justification for using different numbers in different spots if a guy takes uber rides in a prius as opposed to owning a big truck. Where does AAA break things out such that we see 37 cents for small sedans and 75 cents for other vehicles?

Indeed, this Dallas project is a big one.