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The 10 Most Recent Messages By mungofitch

Take me back to where I was.
  • Date: 12/8/16 12:20 AM
  • Number: 227226
  • Recommendations: 1
I think the rally will "stick" more for some securities than others.
Berkshire hasn't yet become overvalued, so prospects from here are still in the vicinity of the rate of value growth.

For for those who hold BAC or USG
(Continued...)
  • Date: 12/8/16 12:07 AM
  • Number: 227225
  • Recommendations: 6
With warm regards...

Many thanks for the kind words.
Of course pointing out that Berkshire was cheap was not a deep insight,
so I don't get much credit for pointing out what had become pretty obvious.

For
(Continued...)
  • Date: 12/8/16 12:00 AM
  • Number: 227224
  • Recommendations: 5
well,i'm not complaining, but jim also said he thought the overall market was overrvalued, and was shorting it.

Hey, this is the stock market. One out of two is a record good enough to open a hedge fund!

Obviously if
(Continued...)
  • Date: 12/6/16 7:10 PM
  • Number: 227193
  • Recommendations: 1
I don't understand why you are seeing it this way.
If the US govt decides you owe them less taxes, then you really have become more valuable, it seems to me.
This is also true of most other US companies, but not foreign companies,

(Continued...)
  • Date: 12/6/16 4:10 AM
  • Number: 227184
  • Recommendations: 13
If you change the accounting rules determining book value,
you also change the practical meaning of book value.

It could also be phrased as
"New tax plan will increase the price/book value ratio BRK shares have to reach to
(Continued...)
  • Date: 12/4/16 6:56 PM
  • Number: 227165
  • Recommendations: 6
Maybe, just maybe, we'll really see things go back to the valuation of years ago when the stock traded at higher multiples of book.

It could happen, but it seems something one should not count on.
The market is sometimes a
(Continued...)
  • Date: 12/4/16 6:43 PM
  • Number: 227164
  • Recommendations: 0
What about moving the money to a Santander or HSBC account in the US and then transfer it to a similarly banked account in France?

You can't transfer money between accounts at the same financial institution from different

(Continued...)
  • Date: 12/3/16 11:36 AM
  • Number: 227141
  • Recommendations: 29
My take on TSLA is that will either go bankrupt or become a 300B company by 2026.

My contrarian thought is that, contrary to popular analysis, I think they're a car company. (shock!)
A logical baseline assumption would then
(Continued...)
  • Date: 12/3/16 11:15 AM
  • Number: 264702
  • Recommendations: 16
This is a really interesting subject.
As a first step, might I suggest listing a buch of companies that,
had they been picked 10-15 years ago, would have been perfect picks.
Eliminate those which have done well mainly for stock for
(Continued...)
  • Date: 12/2/16 10:28 AM
  • Number: 264685
  • Recommendations: 1
2. Top 50% of stocks by 63-day average daily dollar volume.

I'm pretty sure this step renders the result pretty devoid of any meaningful conclusion.
In the early part of the history, that cutoff starts only a coupla hundred
(Continued...)
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Total = 10

Take me back to where I was.
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