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Owen

Owen
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  • Paul Ryan: Ideas for reducing poverty [View news story]
    And I wish the Wizard could give all Congressmen a brain.
    Jan 26, 2014. 06:00 PM | 1 Like Like |Link to Comment
  • Paul Ryan: Ideas for reducing poverty [View news story]
    What a bunch of demagogy. Most of those 47 million Americans live in conditions that 50 years ago would have been described as "affluent". They eat 2000 calories of food a day - often food prepared by others, be it McDonald's or the cooked food section at their supermarket. They own a TV and two or three telephones per household. They buy toys, not rice, for Christmas.

    The poverty threshold has been moved several dozen times since Lyndon B. Johnson's days. It is calculated based on the overall distribution of income, not based on absolute poverty definitions. If you raised that threshold high enough, we'd all be defined as "poor".

    The number of American starving or without a place to sleep today is smaller than it was 50 years ago. Anyone who doesn't start his review of wealth in America by acknowledging this fact is selling you something.
    Jan 26, 2014. 10:58 AM | 17 Likes Like |Link to Comment
  • IBM results not impressing sell-side [View news story]
    I don't know about you, but some of us buy a business with the expectation of the business making money.

    If a business I own makes $20 a share profit for me and for the other shareholders, why would I care how much the market values my business? Whether it pays these earnings out in dividends or (preferably) retains them, those earnings are mine. I'm not looking for a buyer.
    Jan 24, 2014. 05:16 PM | Likes Like |Link to Comment
  • IBM results not impressing sell-side [View news story]
    Strange market reaction.

    Any idiot can grow a business by selling products at a loss. It takes good management to identify poorly performing business lines and get rid of them. A smaller business with bigger profits--absolute dollar-value bigger, not just % margin--should be good news, no?
    Jan 22, 2014. 09:13 AM | 4 Likes Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Again, you don't need to convince me or most thinking people. It's that TheSlayer believes that--who knows?--Warren might change his mind on his deathbed, and convince his son--and the board--to make Howard the new CEO, contrary to common sense and rational thinking. Because, apparently, TheSlayer has seen stranger things.
    Jan 21, 2014. 07:10 PM | Likes Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Well, Buffett has never gone back on his word before, but TheSlayer insists that he's seen stranger things than that happen, so I guess anything is possible.
    Jan 21, 2014. 04:58 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    Are you still running around trying to peddle your stock?

    The fact that some pharmaceutical company is controlled by a billionaire doesn't make it a "Buffett type of stock".

    Please just go back to the Yahooligans boards. We're trying to conduct a serious discussion here.
    Jan 20, 2014. 09:50 AM | 4 Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    "is your family will buy IBM or KO? AS STAND ALONE STOCK? "

    In addition to my indirect holding through BRK, I also directly own shares in WFC, IBM and WMT. I think KO and PG are a bit too expensive at the moment.

    And don't give us the old, "let's see in one year". You've been here five months. A year from now you'd either be gone or post under a different alias. People like you usually don't have the attention span to stick around, nor the integrity to stand behind their words.
    Jan 19, 2014. 02:47 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    Agree on both points, Christopher.

    I bet being added to Berkshire's portfolio is enough to lower a stock's beta. Even if Buffett isn't actively buying additional shares (thus capping the downside), the perception of the stock as having received his seal of approval is likely enough to reduce volatility.
    Jan 19, 2014. 08:56 AM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    A multiple of 13 implies a discounting/long-term cost of capital around 7.7% - a very conservative figure.
    Jan 19, 2014. 07:59 AM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    The interest rate you should use for 5 years from now is the yield on the 5-year Treasury note, plus the usual spread of triple-A to Treasuries.

    None of us know what the actual rate should be, but this is what the market prices at the moment it to be 5 years from now.
    Jan 19, 2014. 07:54 AM | 1 Like Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    I'm with psychological-dividends on this.

    Yes, you're all correct: Buffett is a horrible stock-picker. You should all sell your BRK and buy TWTR, TSLA, and whichever stocks are goin' places.
    Jan 18, 2014. 02:31 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    Or better yet, he should have gone back in time, figured out he should put all of Berkshire's money in Google, and make out like a time-travelling bandit.

    Yes, this sounds like a wise strategy. You should start your own conglomerate, ronethpier.
    Jan 18, 2014. 02:07 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    Nice back-pedalling, Barry. Berkshire owns Mastercard the same way it owns IBM.

    Just admit you didn't know this, and didn't have the wherewithal to look up the 13F before mouthing off.
    Jan 18, 2014. 01:56 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: Shooting Dead Fish In A Drained Barrel [View article]
    Barry, you should tell that to the SEC, who are under the impression that Berkshire has owned shares in both Mastercard and VISA for quite a while now: http://1.usa.gov/1az9DvI

    Why not arm yourself with some facts before making a fool of yourself?
    Jan 18, 2014. 10:47 AM | Likes Like |Link to Comment
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693 Comments
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