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Everything posted by Liberty
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Jaime Dimon Interview that Buffett calls great!
Liberty replied to OracleofCarolina's topic in General Discussion
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IIRC, they said on the conference call that they were keeping the capital in the company. Ok. I haven't been following as closely lately. I know that they were taking out 10% of the MM equity every year and either having it pay for its growth or run-off over time.
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Apparently Nintendo can still innovate on hardware/gameplay: It remains to be seen how good the actual experience would be, but it's good that they're still taking chances.
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Q3 is out: http://investors.danaher.com/2016-10-20-Danaher-Reports-Third-Quarter-2016-Results
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If they were able to be competitive that might've been a good idea, but declining results at the MM over time, as well as their comments on it, seem to show that they are being outgunned and that this isn't a business with a lot of runway for them.
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Selling the market maker could be a nice catalyst, if only because it removes a lot of noise from the results and removes a distraction for management. Not sure what they'd do with the capital. Special dividend maybe? Or just hold on to it because Peterffy likes to be overcapitalized.
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https://www.tesla.com/en_CA/blog/all-tesla-cars-being-produced-now-have-full-self-driving-hardware-0
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Looks like the cars will now have full level five self driving capability : https://electrek.co/2016/10/19/tesla-fully-autonomous-self-driving-car/
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Examples of what I was talking about above are already popping up: https://teslamotorsclub.com/tmc/threads/v8-0-autopilot-prevented-a-rear-end-collision.79185/#post-1785904
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Global buying the third biggest cable operator in Poland in cash deal: http://finance.yahoo.com/news/liberty-global-acquire-multimedia-polska-200200286.html
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I think if you explain to people that protectionism means that everything they buy becomes more expensive (if you block/tax others, they'll block/tax you) and that a lot of jobs will be lost (because the US is a huge exporter), they probably won't be as supportive as if you just give them electoral slogans about being tough on other countries.
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Surprise! Visa CEO resigned. http://www.wsj.com/articles/visa-ceo-charles-scharf-is-stepping-down-1476735288
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I explained it here: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/if-american-which-presidential-candidate-will-you-vote-for-(oct-edition)/msg277403/#msg277403 If I think Trump could be a genuinely scary person with the level of power that the presidency brings (in good part because it gives you a huge megaphone and the stature of the position gives everything you say more weight, but it can go all the way to major wars and even nuclear war with someone like that) and that Hillary would be a pretty status quo politician, am I supposed to write equally negative things on both? Is that your version of "Fair and Balanced?" Being fair and rational in this case is actually trying to make people realize just how much of a human piece of garbage Trump is and help them see through his peacock salesman tricks.
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Thinking about Mr. Trump doesn't bring out my sense of humor, sorry. If he was still just some guy on a reality TV show, sure, it's all just a joke. But when he's a guy who came seriously close of being the president of the US, and who could still be put in office by some game-changing unforeseen even between now and next month, that feels more serious to me. I wrote something about Trump, mentioned in passing that I'm Canadian. Cardboard suddenly made it about Canada rather than about Trump, a classic diversionary tactic ("Hey, look over there!"). So when you cut & pasted 10 pages of stuff about "Yay Canada" it felt like the diversion had worked, so I wanted to point it out. I also happen to think that this "my country is better than yours" stuff is BS, but that's beside the point. I can't know how seriously you take that tribalistic stuff, but many people do.
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Nice demo of the new software update which allows the autopilot radar to bounce under the car in front to monitor 2 cars ahead for sudden braking: This kind of stuff (active safety), eventually coming to most cars, will save so many lives.