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The 10 Most Recent Messages By mungofitch

Take me back to where I was.
  • Date: 2/18/17 9:18 PM
  • Number: 228058
  • Recommendations: 6
Watsa - "Buy high sell low".

Naw, it was a short position.
"Sell low, buy high"

Jim
  • Date: 2/18/17 2:07 AM
  • Number: 265512
  • Recommendations: 12
Because a system should be judged only by its last two years, right?

Two years isn't much.
But...
Two years post publication are worth 10-20 in the training data set.
Hard post discovery relative-to-market results
(Continued...)
  • Date: 2/17/17 2:49 AM
  • Number: 228035
  • Recommendations: 8
Opportunity cost apparently means nothing around here.

So true. Just think about all the obvious winners that could have been bought in 1998.
Sun, JDS Uniphase, AOL, Excite@Home...

Just teasing. A huge chunk of the
(Continued...)
  • Date: 2/15/17 3:56 PM
  • Number: 265490
  • Recommendations: 8
Suppose you’re on a game show, and you’re given the choice of three doors. Behind one door is a car, behind the others, goats.
You pick a door, say #1, and the host, who knows what’s behind the doors, opens another door, say #3, which has a

(Continued...)
  • Date: 2/15/17 2:37 PM
  • Number: 265487
  • Recommendations: 6
I prefer to let facts & data drive my opinion, than the other way around!

Makes sense, but it's hard to get good statistical evidence from a top 2 screen run.

You can do what's possible to eke out the most
(Continued...)
  • Date: 2/15/17 1:12 PM
  • Number: 265484
  • Recommendations: 15
If the total number of days that contribute to the total gain as a percentage of all days is shrinking isn't it a statistical truth that it is harder to make sure your market timing system catches them?

No. You don't need
(Continued...)
  • Date: 2/15/17 11:10 AM
  • Number: 265482
  • Recommendations: 10
This is a variant on one of the most classic arguments against market. I thought it had died its death long ago, but I guess not!
It's most often resurrected by commissioned stock sales staff who want to keep you buying and churning all the
(Continued...)
  • Date: 2/15/17 10:03 AM
  • Number: 227996
  • Recommendations: 4
Here's one person's guess at why Buffett has bought Apple:
"...[services]..."


Makes a lot of sense.
There is one distinction between the Apple services business and one like, say, Salseforce.
Maintaining
(Continued...)
  • Date: 2/15/17 7:43 AM
  • Number: 265480
  • Recommendations: 2
Also excellent news that GTR1 is reporting the total return in a generally realistic fashion.
Unfortunately I
skipped reinvesting the dividend Monday, but if I had I would have had buy prices of about $0.55 in the a.m. window and $0.90

(Continued...)
  • Date: 2/15/17 6:30 AM
  • Number: 227994
  • Recommendations: 15
WFC can "likely" bring you 5-6% for the next coupla few years. And as you mention, your WFC proceeds are presently sitting in your cash pile.
Why not let those shares soak just for the unremarkable (yet positive) gain until your

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Take me back to where I was.
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