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Jacob Wolinsky

 
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  • With today's record-low interest rates, governments should be borrowing more - not stop spending, Yale professor Robert Shiller writes. Rock-bottom rates offer governments a significant arbitrage opportunity: "Borrow massively at these low real interest rates, and invest the proceeds in positive-returning projects, such as infrastructure or education."  [View news story]
    So show me where you wrote about it.
    Nov 19, 2010. 10:04 AM | 3 Likes Like |Link to Comment
  • With today's record-low interest rates, governments should be borrowing more - not stop spending, Yale professor Robert Shiller writes. Rock-bottom rates offer governments a significant arbitrage opportunity: "Borrow massively at these low real interest rates, and invest the proceeds in positive-returning projects, such as infrastructure or education."  [View news story]
    Did you predict the housing and tech bubble crash?
    Nov 18, 2010. 11:57 PM | 3 Likes Like |Link to Comment
  • With today's record-low interest rates, governments should be borrowing more - not stop spending, Yale professor Robert Shiller writes. Rock-bottom rates offer governments a significant arbitrage opportunity: "Borrow massively at these low real interest rates, and invest the proceeds in positive-returning projects, such as infrastructure or education."  [View news story]
    I really respect Shiller and consider him to be one of the only true economists out there, but I think he is way off on this one.
    Nov 18, 2010. 11:57 PM | 3 Likes Like |Link to Comment
  • Behind the Scenes With Buffett’s Biographer, Alice Schroeder [View article]
    Great interview, thanks Miguel

    Your pal,

    Jacob
    Nov 13, 2010. 09:36 PM | Likes Like |Link to Comment
  • India's Secret Weapon in its Economic Race With China: Demographics [View article]
    Milton Friedman makes that exact same point.
    Nov 11, 2010. 01:12 PM | 2 Likes Like |Link to Comment
  • Applying a Buffett Strategy to Garmin Stock [View article]
    interesting you say that lets look at Buffett's largest holdings:

    price over book value

    KO-5.20
    WFC-1.28
    AXP-3.26
    PG-2.95

    Point here: Buffett does not look at stocks selling at a low P/B. He likes companies with moats that are selling at reasonable prices based on other factors (not P/BV)
    Nov 10, 2010. 01:39 PM | 1 Like Like |Link to Comment
  • Considering the iShares Turkey ETF [View article]
    German experts have confirmed the authenticity of photographs that purport to show PKK fighters killed by chemical weapons. The evidence puts increasing pressure on the Turkish government, which has long been suspected of using such weapons against Kurdish rebels. German politicians are demanding an investigation.

    www.spiegel.de/interna...
    Nov 10, 2010. 01:30 PM | Likes Like |Link to Comment
  • The Kauffman Foundation released a 60-page hatchet job on ETFs, alleging that they (and not the underlying stocks) set the prices of small caps, discouraging small companies from listing in the U.S. and creating systemic risk of market instability. But the report "reflects a serious misunderstanding of how ETFs work," says Dave Nadig.  [View news story]
    I heard this guy on bloomberg yesterday and I have no clue what he is talking about. ETFs are great for retail investors who want to buy a certain sector. I really think his arguments were incoherent.

    www.valuewalk.com/
    Nov 10, 2010. 01:12 PM | Likes Like |Link to Comment
  • Applying a Buffett Strategy to Garmin Stock [View article]
    I did not ever have trouble using a garmin gps it really is pretty simple. Again no one uses their iphone to navigate long term trips. If you are driving even 20 miles you are going to use your iphone as a gps device while you are holding it in your hand (illegal, dangerous, and hard to navigate), or put it in on your dashboard and try to navigate with the tiny screen.

    Everyone also forgets garmin has three other divisions besides the PNDs, which are performing phenomenally (revenue increasing every quarter and margins are super high).
    Nov 10, 2010. 01:09 PM | 1 Like Like |Link to Comment
  • Applying a Buffett Strategy to Garmin Stock [View article]
    you ever drive 100 miles using your iphone to navigate?
    Nov 10, 2010. 10:59 AM | 2 Likes Like |Link to Comment
  • Applying a Buffett Strategy to Garmin Stock [View article]
    Thanks Marc maybe I missed that. I got a bit confused by the article. Thanks for the positive comments and overall good thinking. I hate ppl who just throw a stock under the bus for one reason i.e. grmn because of competition from smart phones. It is nice to see some people who can see pass that and still look at thinks objectively.
    Nov 9, 2010. 03:57 PM | Likes Like |Link to Comment
  • Applying a Buffett Strategy to Garmin Stock [View article]
    I wrote up a nine page analysis of GRMN when the stock was 27. I go through everything in the article and much more on both the qualitative and quantitive aspects. I think the author's thesis is a little bit hard to understand. I am not really sure what point he is trying to make.
    Here is my article for anyone who cares to read it- www.valuewalk.com/valu.../
    Nov 9, 2010. 03:39 PM | 1 Like Like |Link to Comment
  • Interview With David Martin, Author of 'Risk and the Smart Investor' [View article]
    Thanks Alex
    Nov 5, 2010. 09:54 AM | Likes Like |Link to Comment
  • Gold at $10,000 an ounce? Don't laugh, says uber-bull Shayne McGuire. "The world does not need to end for gold to go hyperbolic," he says, arguing that if rising inflation prompts pension funds and other big players to move as little as 1% of total global stocks and bonds holdings into the metal, the price of gold could easily jump tenfold.
     [View news story]
    What's interesting about markets is that sometimes you don't need a lot of people/money to make big price movements. Illiquid markets can be subject to enormous price swings even on relatively light trading. Given that big money barely glanced at gold before, I would classify gold as an illiquid market. All you need is an imbalance between supply and demand to get a 2x or a 3x going.

    That is true and I was thinking the same thing. However, there has been a lot of gold buying lately by hedge funds, central banks etc. I have seen data on gold holdings by central banks but I would like to see current information about who is buying. It seems like it is somewhat driven by volume. Although I have no statistical evidence to back that up.

    Also a point to keep in mind is not all fund managers can invest in gold. It is very unlikely a bond fund will be allowed to purchase gold, and many equity funds cannot either. So all the managers with their trillions of dollars under management would have to be taken out of this equation.

    Good luck with your LSATS
    Nov 1, 2010. 05:43 PM | 3 Likes Like |Link to Comment
  • What Happened to Buffett Successor Candidate Li Lu? [View article]
    I agree. Buffett worked for Graham for free, I would work for Buffett for free in a second. I think maybe a lot of the contenders do not mind the salary, but do not want to have to manage a 100 billion portfolio which makes it really hard to beat the market.
    Nov 1, 2010. 01:36 PM | Likes Like |Link to Comment
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