Italy: Rotting While Waiting For The Election [View article]
Italy probably has the worst govt in the West, but that little factory in Maranello keeps producing those little red cars that are absolutely breathtaking.
The Social Responsibility Dividend Investor [View article]
It's amazing that people blame producers of oil and coal for harming the environment instead of the consumers. The only reason they drill, baby, drill, or level mountains is because you want to drive, have a refrigerator, heating and air conditioning, and jetaway to exotic vacations.
Investing In Facebook: A 15-Year-Old's Perspective [View article]
Facebook was created in a dorm room. As I type this, kids in dorm rooms all over the world are writing their own Facebooks for their generation. Facebook is more likely to have the lifespan of a Palm Pilot or Blackberry. The next generation will not want their mommy and daddy's facebook any more than they'll listen to Dylan and the Beatles.
The value of oil companies, some royalty trusts, and miners, should be calculated based on their reserves, using either DCF, or market value of those reserves. Assuming a static price of the underlying commodity, the intrinsic value of the entity should decrease commensurate with depletion.
Set Yourself Up To Let Compounding Work Its Magic [View article]
Buffet's genius was that he realized at an early age the power of investing and compounding. Had he spent his early money on consumer goods, he would now be broke and sitting in his mother's basement calling Bill Gates a criminal and writing about Wall Street conspiracies. There is also the randomness factor. If you start investing at the beginning of a bull market, your returns will be extra-ordinary, and vice-versa. The difference between the rich and the poor is that the rich earn interest, the poor pay interest.
Chesapeake Response To CEO Loan Scandal Is Lacking [View article]
Thank you, W. Walker, Jr., for bringing a reasonable response to the over blown hysteria. This program has been in place for years and was even affirmed with a shareholder’s vote. Any investor, or interested party, who read the 10k’s or proxies would be well aware of Mr. McClendon’s swashbuckling style. He built Chesapeake from nothing to the 2nd biggest natural gas producer with a risky, highly leveraged strategy. This company is not for the faint-hearted. And that’s OK, you can chose Treasuries or P&G.
Oil-Borne Dividends Face-Off: Chevron vs. ConocoPhillips [View article]
How can you write about oil company valuation without mentioning reserves? Oil companies are essentially worth the discounted future cash flows of their reserves. Currently, Conoco has slightly more reserves at a considerably less price.
Unemployment: Our Beef With Art Laffer's WSJ Editorial [View article]
Paul Hanly said "...trickle down didn't work..."
Trickle down is a misnomer, just a derogatory politcal term used to denigrate free market proponents. Wealth actually trickles UP from customers to those who provide goods and services desired by those customers.
You mis-characterize what Buffet said. He said the results over the next 100 years would justify the purchase price, not that the payback period is 100 years.
Banning Derivatives and Other Such Foolishness [View article]
But Mr. Soros's support for the affirmitive action trainee as president has not been validated.
On Nov 17 09:55 AM hock wrote:
> Apply what you said to yourself, and you will see the wisdom of your > thoughts. > Many people respect Mr. Buffet and Mr. Soros beyond their job scope, > for their characters and other valid reasons. For example Mr. Soros > pre 2nd term political judgment about President Bush has been validated > by the mess from the economy and wars Americans have inherited.
Italy: Rotting While Waiting For The Election [View article]
The Social Responsibility Dividend Investor [View article]
Deere Is Worth At Least $115 Per Share, Cummins At Least $155 [View article]
Investing In Facebook: A 15-Year-Old's Perspective [View article]
Hess' Shares Look Cheap [View article]
Set Yourself Up To Let Compounding Work Its Magic [View article]
Chesapeake Response To CEO Loan Scandal Is Lacking [View article]
Oil-Borne Dividends Face-Off: Chevron vs. ConocoPhillips [View article]
27 Energy Stocks Benjamin Graham Would Like [View article]
How to Play the Canadian Oil Sands [View article]
Stocks That Pay Monthly Dividends: The Advantages [View article]
Unemployment: Our Beef With Art Laffer's WSJ Editorial [View article]
Trickle down is a misnomer, just a derogatory politcal term used to denigrate free market proponents. Wealth actually trickles UP from customers to those who provide goods and services desired by those customers.
Has Buffett Lost His Mind? [View article]
What's Berkshire Hathaway's Expected Life? [View article]
Banning Derivatives and Other Such Foolishness [View article]
On Nov 17 09:55 AM hock wrote:
> Apply what you said to yourself, and you will see the wisdom of your
> thoughts.
> Many people respect Mr. Buffet and Mr. Soros beyond their job scope,
> for their characters and other valid reasons. For example Mr. Soros
> pre 2nd term political judgment about President Bush has been validated
> by the mess from the economy and wars Americans have inherited.