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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
15 days up and 1.35% gain?
hmmm....
1.35% gain every 15 tradings days...
that is pretty good.
at 252 trading days per year, that's eye-watering!
me?
today i watched one long-term holding go up 3% and two others down 3%.
a different world.
c
TurboTax late Friday restored the ability of its software to e-file state tax returns across the USA after the company turned it off Thursday finding "an increase in suspicious filings," the company said today.
Ref. http://www.usatoday.com/story/mon…
How 'bout this...?
Maybe the Great Recession created more deep value opportunities that, unfortunately, are simply more volatile than in times past. Not to say it's changed always, just now. I also believe he sees financials within his circle of co…
A while back I looked at Fairholme's numbers in a little study called "What a Difference a Decade Makes."
It's a bit dated, but it may be of interest since I think it supports Junkster's contention:
"Volatility is needed to prosper."
Wrong, wrong,…
Right, so here's the allure...
Basically, investing with Bruce the past 15 years means you have more than quadrupled your investment since FAIRX inception. You've earned 11.7% per year!
Who has beaten that? Suspect very few.
But you are absol…
Quick summary of today's call follows...
Classic Bruce Berkowitz.
Remains committed to investing in his best ideas.
Deeply undervalued stocks...far below assessed value.
Looks for large gaps between price and value.
Investing requires as much i…
Here comes those oil profits for all (us) who bought on sale (cheap)
Congrats!
I sure hope oil has bottomed...brings more normalcy to the market.
And, the market is like our Pekingese, I'm learning...it like things to be normal =).
c
Visa is amazing.
As is Apple.
Boeing.
Amazon...? Well, like you, I just wish Bezos would focus a bit. Lately, seems all over the place...and not in a good way. Feeling that way a bit about Google as well.
That said, glad to see AMZN not disappoi…
Congrats Old_Skeet on SGGDX.
I've added to longtime holdings BAC and AA on recent weakness. BAC some 15% off multi-year high, below 10 mo SMA. AA off but still above SMA.
Initiated new position with AIG, also below recent highs.
Exited oil for no…
Strange day.
Apple, Boeing, US Steel way up.
Yahoo was up, but closed down heavy like rest.
Financials terrible, once again.
Along with energy...the knife still falling...HES slammed further on poor earnings (did anyone expect different?)...off …
All green today.
You know...the kind of rare day when everything worked.
BAC up big...along with a lot of financials, including AIG, OAK.
KKR up.
See LUV? Wow.
And, AMZN.
Ah...all is right with the world =).
c
Man.
You're tough.
We keep having the same debate.
The MFO Ratings are total returns based only.
So, consider them one just aspect of your due diligence.
Kind of like the distinction between M* Stars and M* Metals.
M* Stars do not consider man…
@Old_Joe
The 14.3 year window represents the start of the market cycle from Sep 2000 through last Friday. It's basically last two full cycles (current one still on-going).
Bear from Sep 2000 to Sep 2002
Bull from Oct 2002 to Oct 2007
Bear from N…
