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Added to DSL. May add to PDI and buy LUK.
Scott..I am curious -- why CNI and not CP? I have no strong views on either..just trying to understand both better.
I also own CP, UNP and BNSF (BRK-B). I did own KSU briefly, but don't currently and may …
Or...maybe not.
http://www.bloomberg.com/news/2014-09-25/sears-investor-fairholme-says-st-joe-won-t-participate-in-loan.html?cmpid=yhoo
"The St. Joe Co. was unable to agree on terms for such a participation in light of its investment criteria and …
I don't sit on my phone but I walk around with it in my back pocket and have fallen on it in the winter in my back pocket and phone was just fine. Obviously not comfortable to sit one but with the case I have I think it would be fine.
http://www.amazon.com/BALLISTIC-Tough-Jacket-Apple-iPhone/dp/B00L3TQRJ0/ref=sr_1_5?s=wireless&ie=UTF8&qid=1411646066&sr=1-5&keywords=Ballistic+iphone+6
I'm not sure how to edit the link so that MFO gets credit, but this is the iPhon…
I have seen people with their phones in their back pocket. Not something I would do.
lol, mine's always in my back pocket. I trust (iTrust, Apple's eventual bank?) the case.
Company's still very reasonable despite the run in shares recently. 14 f…
Maybe Apple can make iPants. It's a little surprising to me that Apple hasn't gone in this route. Maybe they eventually will, given the fact that the former Burberry CEO is running retail for them. I can absolutely imagine a collaboration between Ap…
Did pick up OAK today on dip under $50.
Well, let's hope it's a dip.
@Maurice. Gotta believe it's temporary.
Here's link to good memo by Howard Marks:
Risk Revisited
I suppose a question is whether or not one is interested in having exposure to …
Kyle Bass (sitting in as special guest) on CNBC this AM: "I can't imagine a Fed funds rate at 4%."
Edited to add:
The Chicago Fed's Charles Evans doesn't disappoint his dovish fans urging the FOMC to "err on the side of patience in removing highly…
I've gone this route to a considerable degree, with a mix of higher yield and growth with a div/dividend growth. I think it's probably the most enjoyable investing has been for me and the least stressed I've ever been about the day-to-day. Just rein…
Hmmm......Bruce Berkowitz has always said that his first rule is, Don't Lose Money....and his second rule is, Don't forget rule number 1."
Wasn't it Buffett who said that?
Berkowitz has always been "ignore the crowd", although sometimes followi…
As an honorable mention, I'll throw in the new hoax going around the internet that people can charge their new iPhone by putting it in the microwave and apparently some people are believing it.
A few thoughts.
1. Of course, Fed dialogue and actions have an effect on my investments.
That said:
2. You have a market where people are making their choices (not saying that people here are, just sayin') increasingly based upon what the next wo…
http://www.huffingtonpost.co.uk/2014/09/22/ios-8-wave-hoax-iphone_n_5859728.html
People are falling for a hoax online that says that Apple has come up with a new feature where your iPhone is charged by putting it in a microwave.
(facepalm...)
I'll call BS. I do not see rates at 3.75 by end of 2017.
"the Fed just said last week that this is what they expect to do! "
And how many times has one Fed governor said one thing only to have another Fed governor say the opposite a few days later…
Regarding LLC's, I looked at the IRS Publication and the form. I was totally intimidated. Anyone want to talk me out of this?
K-1's? I think one can do them themselves - especially if you're talking about just one - they just are a PITA and take…
Finally, Mosaic Co (MOS).
Otherwise, steady as she goes...I hope.
Mosaic is an interesting name.
In terms of fertilizer, I own Agrium (AGU) due to the reasonably nice dividend (although part of that can't be reinvested due to foreign witholding…
"“It’s a big landmark deal; investors can’t afford not to participate in it,” said Bill Feingold, co-founder of New York-based Hillside Advisors LLC"
#LOL
Did a little shuffling/position size changes in existing positions but otherwise not doing anything. I'm finding very little of interest and only adding a little to "best ideas" - things I can see holding for 5 years or more. Just continuing to rein…
Scott....thanks for the note on WPC awhile back. It's establishing a firm position in the income sleeve.
Happy to help! It's a looooong-term holding for me and remains one of my largest holdings.
Actually, I didn't even notice this from a couple …
I don't know if REITs lose value, although they do get hit initially if their is a move higher in rates. I think if rates eventually move higher, REITs will be like a lot of other things: it will become apparent over time who used low rates to thei…
I don't entirely agree, or I guess I view it from a different way.
1. Apple appeals across generations. As much as I've said it's not for me (in terms of the phone, I get the mac instead of PC thing more, although I still use a PC), it's clear that…
Fairholme Allocation (FAAFX): Bruce Berkowitz has 10% of the assets of this mutual fund in Sears (SHLD) which is new to the portfolio as of 5/31/14. So Berkowitz continues to like Sears very much. Sears makes up 6.97% of Fairholme Fund.
What's th…
Sad and hilarious at the same time:
http://www.businessinsider.com/get-the-iphone-6-with-no-line-2014-9
People waited in line at the NYC Apple Store as long as two weeks or slightly more. There are videos of lines at Apple stores as of last night …
I'm letting Softbank do the fighting for meat this time and probably forever. Like you my portfolio is fairly well set currently and I don't have the tools or savvy to mess with IPO's out of my field or comfort range.
Personally, I think the story -…
A second ago Fidelity showed them with an open at $92.5 and a day high of $99+change
Anyone who bought at the open was not happy shortly after. $90 seems like it's being defended hard. Still, I can't believe something that I'd wager most people in t…
Saw that video, felt bad for the kid.
I think the main story for Apple this morning is this:
http://www.businessinsider.com/line-for-iphone-6-2014-9
This is the map of the line in NYC for the iPhone 6 this morning:
http://static1.businessinsider…
MJG, Thanks.
I've been meaning to get a copy of the book and will likely do so within the next few weeks. Oaktree is a unique investment and I don't expect it to be heavily correlated to the market, but I do like it very much long-term, given the q…
Apparently visa has 1,000 people working on apple pay and JP Morgan 300.
So from the client's perspective, is an Apple Pay transaction more like a debit card or credit card? I mean this in several ways.
One, does the money come right out of your …
Thanks for adding the correct link not sure why the other link didn't copy/paste correctly.
OAK is an MLP and does result in the delightful (not) form known as a k-1.
Oaktree is one of several subadvisors to another Vanguard fund. VMMSX. Personally I don't recommend this emerging markets fund. There are others that I think are better. I would prefer to go with smaller caps in this space, than the giant securitie…
"Sears Holdings–A Credit Suisse report calls liquidation the best strategy for Sears shareholders, saying operating is taking away more than $10 a share in value each year."
http://www.cnbc.com/id/102012186#.
Edited to add: ...and out come the law…
Okay. ?
I think this is way overdue. I hope Apple Pay will be incorporated for use at ATM machines. No way to hack your card then
FIS is doing something like this:
http://www.businesswire.com/news/home/20130321005346/en/Wintrust-Financial-Corpor…
Oaktree has been raising money for distressed investing.
http://www.bloomberg.com/news/2014-09-02/oaktree-said-to-seek-10-billion-for-distressed-fund.html
"The world’s biggest distressed-debt investor is seeking $10 billion for a new fund with pla…
I think a lot of the hysteria is unfounded. Janet Yellen has made it clear what the Fed's plan is. Rates are going to rise but at a slow, even a very slow pace. It's not the end of the world but the high blood pressure pundits on CNBC think so. That…
Hi again dryflower.
Do you really want to sell XOM, GE, BRK, AAPL, AA, BAC, DIS...?
To buy what?
c
The "and buy what?" is really the thing, I think. I love researching, love coming up with new ideas. At this point, it's become increasingly dif…
