Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The biggest mistakes I’ve made during my investing career has been selling big winners too soon. Was an early investor in WMT and HD, but sold them way too soon.
I was watching AMZN too. It was under $198 late yesterday (after market). Had it continued falling this morning I'd have bought. Would have had to sell another stock holding first - which made the decision harder. Good luck with what one.
Which sto…
@masterd -- because a lot of people ('retail') will probably think as goes Warren so goes Berkshire and sell just on the headline because OMG. Market psychology and all that. The long-term BRK holders (eg, the Berkshire version of Bogleheads wil…
Wow I didn’t realize there was still a Value Line. Thats how I cut my teeth on stocks. I remember my Dad getting the new updates every month for his binder and taking the old paper copies out and replacing them. Great memories!
All available for …
TGT and CLX look interesting.
Yes, CLX does look interesting. Near a 52-wk low. 4.9% dividend yield. Wide moat and M* 5-star rating always piques my interest. This may be a good entry point.
I typically use Value Line and compare with Morningst…
From what I read, Todd & Ted were initially given slices of couple of billions to manage. I don't know how much they are managing now.
Todd indicated soon after joining BRK that he wanted to do more, so he got involved with Geico and eventually…
We’ve been BRK shareholders for many decades. The departure of Combs isn’t surprising and should be expected. Same with the CFO retiring. Berkshire has a deep bench. Looking forward to the leadership transition.
Warren’s successor has to prove himself as the chairman. The Buffet premium on the stock is gone. Greg Abel, from what i read, is a very capable manager. We will miss Warren Buffet.
Depending on how hard BRK tanks after Warren passes, I would be…
Warren will be the Chairman. Greg will become the CEO. Looking forward to the leadership transition because Greg has the skills that Berkshire needs at this time. Warren has never wanted to be an operator.
Very unlikely to outperform a very low cost S&P500 index, like VOO, over the long term. Friction costs such as higher expense ratio and bid/ask spread are the primary factors.
@masterd, you read my mind. I have been dollar cost average in building a position in BRKB since Buffet is turning the rein to Abel. This is our only US stock that is being added. Bonds, in our opinion, offer more compelling opportunity, especiall…
My SIL has been buying 50/50 VOO/QQQ for years now. He can already retire.
In the early 1990s, a good friend invested in ten individual stocks, putting about $3,000 into each. The rest of his monthly contributions went into the S&P 500.
Nine of…
Howard Marks is one of the less than a handful of people worth listening to regarding investing. His Memo is the first thing Warren reads when he sees it in his email inbox. I would highly recommend reading his books as well.
A good enough portfolio is good enough, Charlie Munger talked about this quite a bit. He owned only a few investments (Berkshire Hathaway, Costco, Li Lu’s Fund, Daily Journal, and some apartment buildings). Would often say it wasn’t a perfect por…
Sold my entire CAT position (200 shares) which was purchased in April. Reason was price appreciation. Purchased at $290/share and sold at $583/share. Sold entire GOOG position (900 shares) for the same reason, plus reducing AI exposure. Bought …
Greatly appreciate everyone’s comments. Still doing due diligence on the stock. I’m not looking for HRs, but rather consistent low risk singles hitters.
Not sure how many know that M* does a lot of stock analysis. I’m a subscriber. Little experience however using their metrics. FWIW they are favorably disposed toward OTIS and have a fair value of $106, substantially above its recent close.
Baron’…
I owned OTIS when it spun off of UTX, along with CARR and RTX. I did sell at some point. I have always considered it a good company, as you say "not flashy" and wide moat.
I tend to compare any stock to the S&P. If it cannot beat the S&P l…
Read the Barron’s article and would not buy any of the three. TROW is a crap show. The company is poorly managed and their best days are in the rear view mirror. I would buy BLK, but only at a lower entry price.
I like to use StockRover. They're calling it a HOLD, currently. Their call is for 8.65% upside to target share price. (1 year.) P/E is 24.2 and that's already too rich for my blood. A solid company that's been around forever, you're right. I like th…
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.”
― Mark Twain
Here’s what I know for sure….I would never pay a fee to have someone else manage my money. So all actively managed funds would …
It has underperformed both VWELX and VBINX
???
PRWCX 5 year performance (through 9/26/25): 11.65% (annualized)
VWELX 5 year performance (through 9/26/25): 10.52%
VBINX 5 year performance (through 9/26/25): 9.25%
Portfolio Visualizer gives similar…
Look at the last five years performance for PRWCX. It has underperformed both VWELX and VBINX. High fees and TROW’s inability to attract and retain talent in their research analysts division has led to underperforming funds. This trend will conti…
Why would anyone invest with TROW nowadays? This company is not what it used to be in prior decades. Their lineup of funds have lagged. And, PRWCX will not be what it has been in the past. It is hard for the firm to attract top talent. Just buy…
That is why I migrated to index funds over time to minimize capital gains. Still have dividends to pay, but that is okay.
New manager(s) likes to change more than few stock holdings and capital gains are passed on. We left Mutual Discovery when Mi…
