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Mike McCoy

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  • 7-Footers In A Sea Of Pygmies [View article]
    Waiting around with cash today might be more emotionally painful than buying stocks was in late 2008/early 2009. Excellent article.
    Feb 13, 2014. 08:29 PM | Likes Like |Link to Comment
  • How To Avoid The Margin Of Safety Trap [View article]
    A friend recently brought it to my attention that FLL consolidates the earnings and cash flows from its 50/50 partnership in managing FireKeepers Casino on its financial statements, and later backs out its partner’s share in the financing section of the cash flow statement. So cash flow attributable to FLL is closer to the range of $10-12m per year, instead of the $21m represented in the article.
    Nov 15, 2011. 02:11 AM | Likes Like |Link to Comment
  • Are Japanese Businesses Worth More Dead Than Alive? [View article]
    Excellent analysis and write-up. That 30 stock portfolio is textbook Graham. Makes me want to own some of it...

    Japan needs more animal spirits! Extreme risk aversion is a poor long-term strategy. Especially when everyone else is playing conservatively. JME's preference for conservatism is a good strategy in US, but in Japan when everyone plays conservatively, everyone loses. As Munger says, the Japanese are not gamblers...

    I think you make money either way, but it works out a lot better if corporate capital starts moving out of cash and into the economy.
    Sep 25, 2011. 09:07 PM | Likes Like |Link to Comment
  • Video: A Conversation with Charlie Munger [View article]
    Thank you so much for sharing!
    Aug 5, 2008. 05:09 PM | Likes Like |Link to Comment
  • Status Report: Clear Channel - Bain Capital Partners/THL [View article]
    Start taking positions in some of the deals you are researching. It will make your analysis better. An M&A article that doesn't discuss downside is useless.
    Feb 1, 2008. 11:42 AM | Likes Like |Link to Comment