This is a ChatGPT-free Zone
So this valuation thing has been nagging at me all weekend so I just decided to take a quick look at something. Since the S&P 500 index is too big and unwieldy and I don’t have access to data, I just decided to take a look at the Dow. Last time I looked at margins…
For the record, I do agree with Stanley Druckenmiller who said the other day on Bloomberg TV (or CNBC) that the Fed blew it by not tapering. It was in the market already that they would so it was a freebie. But anyway, the market has been obsessed with tapering lately. The Fed is buying $85…
So Third Point Reinsurance Ltd. (TPRE) filed their S-1 recently. This is basically part of a move by hedge funds to seek ‘permanent capital’, like Einhorn’s Greenlight Re (GLRE). The insurance business is only ramping up now so there isn’t much to chew on in terms of analysis. Like GLRE, the key is going…
So I did make it to the Leucadia National (LUK) annual meeting this year. As usual, these aren’t comprehensive notes or anything like that. These are just some loose notes on certain things. I didn’t take detailed notes so some things might be a little off here and there, but I don’t think I…
Banks/financials have been announcing earnings and they have been looking pretty good even though there is debate about the quality of some of the earnings (reserve releases etc.). There is a lot to talk about but I just thought I’d make a quick update on Wells Fargo (WFC) and J.P. Morgan (JPM) as I have…
So I can’t believe it’s been more than a month since my last post. This was not an intended leave or anything like that, time just flew by. Preparing for the summer, going away and things like that. Anyway, I do intend to keep posting here regularly. Hopefully I don’t have a gap of an…
So Barron’s had an article about Crimson Wine Group (CWGL) last weekend. It’s a nice, small, ignored Leucadia (LUK) spinoff. I talk about LUK so much that I feel like I have to say something about CWGL. I looked at it like everyone else and just sort of shrugged; what am I supposed to do…
No, I’m not talking about Security Analysis or Intelligent Investor by Benjamin Graham or even Greenblatt’s You Can Be a Stock Market Genius. I’m talking about Doyle Brunson’s Super System: A Course in Power Poker. OK, so the title of this post is a bit of an exaggeration and yes, there are probably tons of better…
During the financial crisis I did pretty well. I bought up some financials and other things and did pretty well coming out (having done well going into it too), but one of my biggest misses was Liberty Media. I have no excuse for missing that as I did own it in the past and did…
I haven’t posted in a while but that’s because I was busy with all the conference calls, annual reports, and of course, keeping up with all the stuff coming out of the Berkshire Hathaway annual meeting. Anyway, there is plenty of stuff out there on the annual meeting and I don’t have much to say…