This is what happens when gov’t meddles in the market. Now, I am torn because C4C did help our AutoNation (AN) holding. But I fear its effect will be short term and leave potential buyers of new cars sitting, waiting for the next gov’t program before they go buy. Basically a short term gain and detrimental longer term effects. Anyway, the ugly result…
Take them for what they are, at least we know someone will be at the top of this list in term of accuracy and their opinion then given more weight. More importantly, we’ll know who to ignore…
Take them for what they are, at least we know someone will be at the top of this list in term of accuracy and their opinion then given more weight. More importantly, we’ll know who to ignore…
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Subs: Distribution Declared
Since our purchase at $8.86 in July, we have received distributions worth 7.2% (including this upcoming one) of out purchase price.
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Buffett at Forbes Conference
My favorite line (paraphrase): “To stop the “too big to fail” institutions from failing, we need only pass a law that the CEO’s of them will be shot at dawn should they fail”
Titled: “The Art of Valuation:
Titled: “The Art of Valuation:
Shares of our General Growth Properties (GGWPQ) are up 5% today on what seems no news. Since we are up >900% on the investment, lets look at what I think the reason may be.
Shares of our General Growth Properties (GGWPQ) are up 5% today on what seems no news. Since we are up >900% on the investment, lets look at what I think the reason may be.
Every time I read something on this, it just keeps getting better…we may actually have a solar product people will really buy…. on a large scale
Every time I read something on this, it just keeps getting better…we may actually have a solar product people will really buy…. on a large scale
One thing struck me. In order to get in the door at Graham’s firm, Buffett offered to work there for free. Can’t help but wonder how few people today would even consider that.
Titled: At the Root of a Value Investment Philosophy
Titled: At the Root of a Value Investment Philosophy