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The 10 Most Recent Messages By mungofitch

Take me back to where I was.
  • Date: 3/23/19 9:58 AM
  • Number: 241733
  • Recommendations: 10
I suspect (know) the same is true when meaningfully investing in "high-risk" stocks.
Who the heck would own a "collection"? That's not even FUN. Half the fun is learning about what you own.

Oh, hey, I
  • Date: 3/22/19 5:50 PM
  • Number: 273715
  • Recommendations: 5
The yield curve is a surprisingly accurate predictor, with few false positives.

Some research uses the 10 year - 6 month, some uses 10 year - 3 month.
Both are now definitely negative.

But note also that from the time it turns
  • Date: 3/22/19 5:39 PM
  • Number: 241730
  • Recommendations: 17
But even without choosing, an indexing growth ETF keeps beating a value ETF. So maybe the Fama-French value premium has disappeared.

As an aside...
You may want to look into the criteria for selection of so-called "value
  • Date: 3/22/19 7:06 AM
  • Number: 241725
  • Recommendations: 16
You're the one with the incredible data sources, so I'll leave it to you to say, but it seems to me to see clearly here, we can't just say that "gigacaps" are the ticket to modern riches.
Rather, there's a certain

  • Date: 3/21/19 1:32 PM
  • Number: 241718
  • Recommendations: 13
In this analysis, "good" seems to be defined as "something I understand" whereas "winning" is defined as "something I don't understand".

You're close.

A good investment
  • Date: 3/21/19 1:19 PM
  • Number: 241717
  • Recommendations: 9
No, you're not off-base. But people who pretend there aren't good reasons for BRK's current valuation are.

Lots of cash.
Puny buybacks.
No dividend.
Under-performing equity portfolio.
No elephants to the

  • Date: 3/21/19 11:32 AM
  • Number: 241710
  • Recommendations: 42
my point was that 7 years ago, when FB IPO'ed, everyone knew that the fang stocks were high flyers and had very high PEs. I could not have predicted their earnings trajectory.
But a lot of people bought them on faith and those people

  • Date: 3/21/19 4:29 AM
  • Number: 241695
  • Recommendations: 2
Wonder why Buffett didn't buy AMZN in 2012 instead of IBM.

Same reason I suggested.
Because there was no evidence to support the notion that the earnings a few years later would justify the price being asked.
Without a
  • Date: 3/20/19 5:55 PM
  • Number: 241692
  • Recommendations: 2
I'm sure it's a great firm.
But, hey, you hafta read the history of Zapmail.

Worse than the Dexter Shoe of the delivery business.

  • Date: 3/20/19 10:58 AM
  • Number: 1024
  • Recommendations: 7
Why? Interested in buying?

More seriously, I kind of get the impression that Brookfield is going to renovate it heavily and lease it out.

My wild speculation:
(1) lease out the existing building for maybe a decade or
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Take me back to where I was.
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