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  • Europe Has Reached The Point Of No Return  [View article]
    " I (wrongly) predicted a Feb'12 Euro-Crises. So, one needs to be patient and disciplined..."

    Apr 9, 2012. 01:44 AM | Likes Like |Link to Comment
  • Banks Are Not Mystical  [View article]
    Flow5 is the only person I've ever encountered with less sense than my ex-wife
    Apr 8, 2012. 09:42 PM | Likes Like |Link to Comment
  • Banks Are Not Mystical  [View article]
    "Sure, I jump from one thought to another & sometimes don't link them together. "

    Apr 8, 2012. 09:40 PM | Likes Like |Link to Comment
  • "We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."   [View news story]
    "We can't just drill our way to lower gas prices when we consume 20% of the world's oil,"

    Lol what does this mean?
    Mar 10, 2012. 03:49 PM | 16 Likes Like |Link to Comment
  • Some Clouds Forming Over Berkshire Hathaway  [View article]
    "As much as I like Warren, stock is an easy choice for me. No dividend no buy!"

    Mar 6, 2012. 06:22 PM | Likes Like |Link to Comment
  • Is the Fed's zero-interest-rate policy causing Warren Buffett to lose his edge? Bill Gross suggests as much in his monthly letter, noting Berkshire Hathaway (BRK.A, BRK.B) has long benefited from its ability to borrow for free from its insurance float. But in today's environment, "almost any large business or wealthy individual can borrow or lever up with minimal interest expense," Gross observes. (earlier)   [View news story]
    "Maybe so. Low interest rates can fuel a lot of things including a bubble in energy resources. The news that Peak Oil is a complete sham and US oil and natural gas reserves now exceed Saudi Arabia's reserves is party what lead to the price collapse of natural gas. Easy Money is not going to stop that from happening and it actually should put more gas on line than ever would have been thought possible in the future which does not bode well for market prices or necessary viable returns on the investment. It is pretty amazing to see a report that the State of Pennsylvania took in something like 325 million dollars in oil and gas royalties in some recent time reporting period! Low interest rates will help to collaspe OPEC permanently but are hardly the only factor as Fracking and other new technology such as horizonal drilling spreads over seas and gets compounded with Tar Oil Sand technology that can make that reserve almost as cheap as sweet crude drilling. Buffet will maintain his advantage owning virtual monopolies where supply is unlikely to exceed demand as in the case of a lot of places cheap to free capital is flowing. People are not thinking out things very well backing all the commodity reserves development going on. It is probably better owning the gas pipe lines and the railways and not to own what technology is obviously creating one of the largest glutts in history we have ever seen for black gold and real gold, and methane gas. The history of the development of the reserves has come so fast it could have blindsided you. It sure did blindside the peak oil proponents. I was laughing at them at the time because it was obviously nonsense. I had even read about what Occidental petroleum was quietly doing with old supposedly spent wells in California. What this all means is the reserves are almost unlimited or will soon become so enormous that US oil and natural gas companies will be crying for some new OPEC Type organization to protect them. It will be a few years yet so you don't have to sell out of oil, natural gas yet but just beware that this thing is extrapolating itself in a way that will pay geometric returns in inexepensive nearly inexaustable energy resources. Another big worry there is Chinese propensity to hoard resources. If supplies grow beware that is a bad idea for the chinese ..Even if copper is rare, low cost energy makes it possible to mine lower quality mines around the world at a more reasonable price for wasting the land to get a pound out of the ground for every ten tons as a possible example of that kind of capital outlay is . The strangest thing is how chinese energy consumption is seen as competitive with US energy consumption when the energy they use does so much of our manufacturing these days. There are big problems with deflation when it comes to things related to cheap energy. So yes Buffet will have competition for capital when its so cheap and easy but it won't mean that all that capital will be deployed as thoughtfully. The build out of the commodities markets with the hoarders in gold and everything else makes me really uneasy. There is some connection between low interest rates and gold prices being high. It makes no sense just as it makes no sense for gold to go up in price fanatically when interest rates are unusually high because high interest rates may be more risky but they actually pay off better than gold will. Imagine being able to compound 12 percent interest rates for 20 years or more starting in the 1980s instead of having to bother with stocks. Most of the guru stock investors have not exceeded a 12 percent compound rate of return and of course they did take more risk supposedly."

    Paragraphs next time.
    Mar 3, 2012. 05:00 PM | Likes Like |Link to Comment
  • Berkshire (BRK.A, BRK.B) decides on an eventual successor for 81-year old Warren Buffett, but refuses to disclose his or her identity. Buffett, who has no plans to step down, expects a "seamless" transition. It remains to be seen whether an anonymous heir apparent will suffice to appease shareholders' concerns about a post-Buffett Berkshire.   [View news story]
    Its Ajit Jain. Duh.
    Feb 26, 2012. 05:31 PM | Likes Like |Link to Comment
  • Sears Is Selling Underperforming Stores ... Not  [View article]
    "Up 30% in two trading days sending shivers down my spine?

    Uh, no."

    Pride comes before the fall home boy
    Feb 26, 2012. 11:28 AM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund  [View article]
    And by 2007 I mean since 2009
    Feb 14, 2012. 09:48 PM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund  [View article]
    "By the way, I have read a half dozen books on Buffett and found Snowflake to be the best."

    Snowflake? I've read bits and pieces of books about warren. They seem all the same to me but I'm no expert.
    Feb 12, 2012. 02:34 PM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund  [View article]
    I thought I read that your coupon was 7% but I was mistaken. Indeed, they are not bonds. ; D

    Too many drinks.
    Feb 12, 2012. 02:31 PM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund  [View article]
    "Shaw Carpets, Campbell Hausfeld, Ginsu Knives, Wayne Pumps, Wells Lamont, Pampered Chef, Nebraska Furniture Mart, Benjamin Moore Paints, Johns Mansville, MidAmerican Energy. These are just a few I can recall off the top of my head from walking the exhibit floor at the annual meeting in Omaha. Need I go on???"

    You're reaching on these of Most of these company's earnings are not tied to residential real estate values.

    We've got a power tool maker, a utility, a knife company....apparently these are all directly linked to the case schiller indices? What? What isn't linked to housing then? Geico--housing? General-re--Housing? BH Reinsurance--housing?

    How about iscar--housing? Maybe BNSF--Housing? Do tell.
    Feb 12, 2012. 02:30 PM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund  [View article]
    "He is talking about before the 50:1 split to buy BNI"

    Sally is a he?

    Also, what is BNI? Do you mean BNSF?
    Feb 12, 2012. 02:27 PM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund  [View article]
    "Looks like you are correct, the most recent floor announced with the buyback was $20B....whats a few billlion between friends????"

    Haha ; D
    Feb 12, 2012. 02:25 PM | Likes Like |Link to Comment
  • E-Trade: Don't Throw The Baby Out With The Bathwater  [View article]
    I don't think these analogies or whatever are worth anything. The bottom line is that E Trade has no valuation allowance for its 1.3 billion in dfas and is going to have to take hundreds of millions of dollars in write downs in the next few years.

    Also, E trade's y/y earnings improvement is solely linked to shrinking provision for loan losses. I guess that's not the end of the world but its definitely not a sign of material financial improvements.

    Darts, NNA's etc all look bad to mediocre as well.
    Feb 12, 2012. 02:24 PM | Likes Like |Link to Comment