nkp007

Brilliant comment. Will go down in history as one of the best on this site.

Yep. My first post in years. Berkshire makes a lot of sense here for many reasons. I posted some on twitter at Not getting style points for this one but: Big Berkshire $BRKA $BRKB fan over next few years 1) Valuation has gone nowhere for past three years 2) Within buyback range (repurchasing ~7%+ of company annually) + no share issuances! 3) earnings only ~15% down, coiled for 2021 4) at current valuation, you get huge part of biz for free 5) insurance is in a hard (prices up) market 6) 1.2x BV is historical low end of the range speculative: 7) asset-based cash flowing biz could re-rate higher if inflation fears arise 8 ) buffett optionality (stock bounce if he passes away RIP) as discussion centers on increased buybacks, distributions, or spinoffs 9) $550B as a market cap doesn't seem that high

[move]Vanguard Money Market Funds https://investor.vanguard.com/mutual-funds/profile/VMFXX - 2.35% https://investor.vanguard.com/mutual-funds/profile/VMMXX - 2.45%[/move]

100% needs to be hidden by default / shut down. It's the first thing new members / public visitors see on the site. It's literally three or four jobless dudes who live in their basement and have too much time on their hands trying to trigger a group of value investors. It's sad and I wouldn't care but it likely affects the type of members we get here.

What do you mean no one is watching the ads / The Roku Channel? How do you know? I think I have a related question: what do you think your AirBnB renters are watching on that TV? Do you expect that they are logging into their Netflix/Amazon accounts on it (I wouldn't)? What else is there to watch based on your setup? I'm sorry I have Roku, but I only watch my Netflix/Amazon on it. I have no clue what else it has that can be watched without accounts/logins. Not to mention there's revenue share for Roku on some of the ads displayed on subscriber channels / impressions when you hit the Roku home screen.

What do you mean no one is watching the ads / The Roku Channel? How do you know?

Great presentation by Elliot Turner on Roku. https://38cjxsde635anttomvn6z8h-wpengine.netdna-ssl.com/wp-content/uploads/ideas19-elliot-turner.pdf

Well, I was buying a 2 bn company today. Bid was 29.2 and ask was 29.24. I put in an adaptive limit order at 29.24 but only got 200 shares filled, and price immediately jumped up to 29.28/29.36. I had a similar experience with another stock where the moment I put the order in, the price jumped. I won't think it is coincidence because I was staring at the screen for minutes when I was doing the last round of sanity checks and price was not moving, but the moment I click the confirm button, the bid/ask changes. That's just too unreal to be coincidence. Sounds like volume is pretty low for that company and you got stuck in the market maker shuffle.

It essentially splits your order in 100-share chunks so you don't move the market price. For larger, more liquid names you can put the order in as limit and you'll likely get the fill quick. For adaptive, if the stock gaps up or gaps down, you'll be buying throughout the move. Sometimes it's too slow / too smart for its own good if the volume is already there.

Let's mute our opinions for a moment. Turn off CNBC. Breathe. Let the numbers wash over you.... EPS, RPS, ROE, Shares Outstanding, Balance Sheet. What a beautiful sight. Relax as you enjoy one of the most profitable companies of all time... What a profit machine... ... Now turn your opinions back on. No innovation. Blackberry. Margins. China. Android. Apple fanboys. Upgrade cycles. Samsung. OnePlus. ... The emotional distance between objective reality and our opinions is precisely why large caps get mis-priced. ... P.s. "The no real innovation" is a pet peeve: Apple's silicon is so far ahead of the competition, it's not even a fair fight anymore. A++++++

LOL. Get me some of this.

Isn't the intrinsic value of profitable American businesses permanently higher with lower tax rates? Like 20% higher?

Valium.

People hate facebook, but I think ultimately people hate people.

I now see why some people call it the Fake New York Times. Dig long enough into something and you'll find some drama.