Munger Munger is looking and sounding great at the DJ annual meeting (I wasn’t there; just watched the video). His ‘wretched excess’ seems to be more about private equity and venture capital than the public stock market. In fact, he said that tech stocks now are not like the Nifty Fifty stocks (he mentioned Home…
Malone Interview (CNBC), Iger Book, Bubble Watch
People keep talking about how crazy the market is, up more than 25% this year. It’s a big year to be sure. But on the the other hand, even though the market has been decent in recent years, it hasn’t been particularly bubblicious. To put the 25% return into context, I think it’s a good…
What It Takes, Dimon, Twitter etc.
Recently, I’ve gotten some emails asking about the blogger email updates. I googled around (again) recently for a solution and couldn’t find one, and also looked at some mass email services and they aren’t free over a certain number of subscribers. So, as has been suggested here by some over the years, I just set…
Bubble Yet?
Bubblicious? People still speak of bubbles a lot, bubble in the bond market, stock market, unicorns etc. But I still don’t really see a bubble except in certain areas of technology. Otherwise, things seem to be in a normal range to me, except interest rates. They do seem a bit low, but having said that,…
JPM 2018 Annual Report, Website etc.
JPM’s annual report is out, and maybe a good time for another post here. I know it’s been a few months. Honestly, I have been coasting recently on what’s been working and haven’t been digging around too much in the stock market. Most of my time recently has been spent on programming, having taken on…
Why BRK?
Every now and then, BRK comes up in conversations with people (and often with people not in the business) and the topic becomes, what to do with BRK post-Buffett. I tell them I own BRK and plan to own it for a long time, and sometimes I wonder why myself. Too Big First of all,…
BRK Corporate Governance, MSFT, Market Volatility etc.
So Buffett finally buys some JPM. He owned a bunch in his PA years ago and said it would be a conflict to own both JPM and WFC within BRK, or some such thing. I guess recent events (WFC scandals) have made him change his mind (as he may be starting to dump WFC). I’ve…
Has Buffett Lost It?!
Wow. Apple (AAPL) was a $28 billion position at the end of 2017, with 167 million shares, but now BRK owns 252 million shares as of the August 13-F (November will be out soon), for a position size of $47 billion then and $52 billion now (as of 11/4/2018). That sounds crazy as it’s the…
JPM 2017 Annual Report (JPM)
It’s been pretty quiet around here. This post has been sitting in the queue for a long time, so I figure I’ll just get it out now. Things seem to be pretty fully priced. When I first started this blog back in 2011, banks / financials were cheap, analysts were bearish, the public hated banks…
Barnes & Noble (BKS)
I love books, and out of all the retailers out there in the past five, ten years, I’ve spent more time at BKS than anywhere else. It used to be Tower Records or J&R Music World, but now that they are all gone, BKS is one of the only other retailers that I actually enjoy…