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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
This will be a flash-point for debate, I am sure.
It's rife with political undertones and speculation of conspiracies regarding re-distribution of wealth.
I recently enjoyed a conversation with a former Boeing executive about their lack of cap-ex.…
The fund had a terrible 2014 indeed.
Under-performed across the board...against peers and benchmark...against cash and bonds and SP500.
Basically, seemed to get everything wrong.
Working with them to get an updated perspective...the fund just pas…
Another bounce back day.
Oil remains weak, seems like.
HCP beat but still struggled today...part of the new cruelty. I like company more every quarter.
KKR missed and suffered a bit...but not too bad given strong advance last few weeks.
c
I look around and honestly don't understand what the hand-wringing is all about lately.
Like Vonnegut's book, I think mostly our minds are too big given the daily tasks before us ... so, we tend to get ourselves into trouble.
But I'm having an of…
For the record, Fairholme just posted the transcript:
http://static1.squarespace.com/static/53962eb7e4b053c664d74f3d/t/54d908d8e4b03ba419c05289/1423509720037/February+2015+Conference+Call.pdf
15 days up and 1.35% gain?
hmmm....
1.35% gain every 15 tradings days...
that is pretty good.
at 252 trading days per year, that's eye-watering!
me?
today i watched one long-term holding go up 3% and two others down 3%.
a different world.
c
TurboTax late Friday restored the ability of its software to e-file state tax returns across the USA after the company turned it off Thursday finding "an increase in suspicious filings," the company said today.
Ref. http://www.usatoday.com/story/mon…
How 'bout this...?
Maybe the Great Recession created more deep value opportunities that, unfortunately, are simply more volatile than in times past. Not to say it's changed always, just now. I also believe he sees financials within his circle of co…
A while back I looked at Fairholme's numbers in a little study called "What a Difference a Decade Makes."
It's a bit dated, but it may be of interest since I think it supports Junkster's contention:
"Volatility is needed to prosper."
Wrong, wrong,…
Right, so here's the allure...
Basically, investing with Bruce the past 15 years means you have more than quadrupled your investment since FAIRX inception. You've earned 11.7% per year!
Who has beaten that? Suspect very few.
But you are absol…
Quick summary of today's call follows...
Classic Bruce Berkowitz.
Remains committed to investing in his best ideas.
Deeply undervalued stocks...far below assessed value.
Looks for large gaps between price and value.
Investing requires as much i…
Here comes those oil profits for all (us) who bought on sale (cheap)
Congrats!
I sure hope oil has bottomed...brings more normalcy to the market.
And, the market is like our Pekingese, I'm learning...it like things to be normal =).
c
Visa is amazing.
As is Apple.
Boeing.
Amazon...? Well, like you, I just wish Bezos would focus a bit. Lately, seems all over the place...and not in a good way. Feeling that way a bit about Google as well.
That said, glad to see AMZN not disappoi…
Congrats Old_Skeet on SGGDX.
I've added to longtime holdings BAC and AA on recent weakness. BAC some 15% off multi-year high, below 10 mo SMA. AA off but still above SMA.
Initiated new position with AIG, also below recent highs.
Exited oil for no…
Strange day.
Apple, Boeing, US Steel way up.
Yahoo was up, but closed down heavy like rest.
Financials terrible, once again.
Along with energy...the knife still falling...HES slammed further on poor earnings (did anyone expect different?)...off …
All green today.
You know...the kind of rare day when everything worked.
BAC up big...along with a lot of financials, including AIG, OAK.
KKR up.
See LUV? Wow.
And, AMZN.
Ah...all is right with the world =).
c
