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poortorich

poortorich
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  • Another Voice Behind MasterCard, Up 70% In A Year [View article]
    Ozcutty

    It looks like you're still holding MA. Good for you.
    Jan 10 11:21 PM | Likes Like |Link to Comment
  • S&P 500 More Likely To Break 2000 Than Experience A Correction By Mid-2014 [View article]
    Your background is very interesting.
    You have a background in finance, but assign probabilities to price targets.

    How did you come up with the numbers 50%, 33% and 10%?
    Dec 31 05:42 PM | 1 Like Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Jim
    I think Brk is more appropriate for people who already built up their wealth. For those who are just starting off in life, they should probably look somewhere else.

    Do you think a 20 y.o. Buffett with only a small amount of capital can become a billionaire again by buying BRK right now?
    Dec 31 02:18 PM | 1 Like Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Even 15%/year over the next 30 years is going to be a very tough hurdle.
    Dec 31 12:43 PM | 2 Likes Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Several thoughts on Buffett
    1) Without Buffett's access to interest free capital (float), some estimate his long term returns would be closer to 15%/year, rather than the legendary 20%
    2)Brk millionaires, who made money on Brk, are getting old now. New investors (the younger generation) will not be as patient with the new CEO once Buffett retires. You will see the shares changing hands and ending up in the hands of investors who may not have the temperament to hold through long stretches of underperformance.
    3) Because of #2, I'm sure many future shareholders will demand that BRK be broken up to unlock value.
    4) People expecting to turn $10,000 into $2.3 million in 30 years will be sorely dissappointed.
    Dec 31 12:31 PM | 3 Likes Like |Link to Comment
  • Herbalife: Ackman Is Down To His Last Round Of Ammunition [View article]
    FYI
    The franchises with the highest failure rates were
    1) Wings-n-things. 94% failure rate.
    Initial startup cost $215,000
    2) Tilder-for brakes 92%
    Initial startup cost $150,000
    3) Noble Roman Pizza 86%
    Initial startup cost $313,000
    Dec 29 09:52 PM | 2 Likes Like |Link to Comment
  • Got Mega Millions? Buy Real Estate And Not Stocks, Bonds Or Gold [View article]

    Did you take into account yearly property taxes, mortgage payments, all the drivimg to visit the properties, property management fees, countless calls to repair plugged toilets etc. How about all time spent signing escrow paperz, loan documents not to mention the mental energy spent.
    Now about leverage. Sure it works great when prices go up. But when they go the other way, its a double edged sword.

    Not saying real estate is bad. Fortunes are made by owning companies. Fortunes are maintained by holding real estate.
    Dec 21 02:50 PM | 3 Likes Like |Link to Comment
  • Got Mega Millions? Buy Real Estate And Not Stocks, Bonds Or Gold [View article]
    Darren

    It depends on what one's goals are. If you are happy with 600 million becoming 700 million in 10 years, just put it in a bank. If you want to turn 600 million into 2.4 billion, you can do it with equities pretty easily. Look at Trump, the poster child for real estate. He has done a poor job of compounding his net worth over the years.

    The same principle applies to when you are dealing with smaller amunt of money...say $600,000.
    Dec 21 01:33 PM | 2 Likes Like |Link to Comment
  • Got Mega Millions? Buy Real Estate And Not Stocks, Bonds Or Gold [View article]
    Three Cheese

    What was the average price of real estate property 40 years ago? What would it be worth now including the rental income over the years and price appreciation?

    Now if the same money had been invested in the S and P 500 what would it be worth now?
    Dec 21 01:29 PM | 2 Likes Like |Link to Comment
  • Got Mega Millions? Buy Real Estate And Not Stocks, Bonds Or Gold [View article]
    If you cant stand volitility, and you dont have the temperament, then buy real estate. But if you want to become megawealthy, then buy companies.
    Dec 21 12:37 PM | 2 Likes Like |Link to Comment
  • Sysco: Transformation Project May Improve Declining Margins [View article]
    There was a lively debate in March 2011 about SYY.
    Since that time, SYY's dividend growth rate has been very anemic. In terms of total return, it has matched the returns of SP500. But for those who desired growth of dividends, SYY has been a disappointment.
    Dec 21 12:14 AM | 1 Like Like |Link to Comment
  • AbbVie - Unlike Goldman I Don't See AbbVie As A Conviction Buy [View article]

    Since 10/19/11 (date of announement of split)
    total return for abbv/abt - 73%
    total return for s and p 500- 50%
    Dec 10 01:11 PM | Likes Like |Link to Comment
  • It's A Bull Market, Oh My! [View article]
    Here are my picks
    fhco-31%
    soda-28%
    jmba-4.5%
    kkd-172%
    hlf-116%
    nus-250%
    ___________
    100% vs 29% for S and P.

    Its hard to believe that there are still people who are sitting on the sidelines.
    Nov 28 06:43 PM | Likes Like |Link to Comment
  • Daily State Of The Markets: Does Yellen See A Bubble In Stocks? [View article]
    A bubble forms when stocks get very extended and there are no more buyers. Its quite simple actually.
    That is not the situation right now.
    Nov 15 01:39 PM | Likes Like |Link to Comment
  • Is Procter & Gamble's Target Price Justified? [View article]
    MBKelly75


    Good to hear from you again.
    Nov 15 01:34 AM | Likes Like |Link to Comment
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