EightTrack4

John Jacob Jingleheimerschmidt

EightTrack4’s Activity

Yesterday

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 4:31 PM

Re: limited attention....

http://qz.com/349926/your-genes-help-determine-how-much-mone...

Now, there’s a new attempt to explain the human propensity to squirrel away savings, [more]

Mon Mar 2

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 5:06 PM

Re: OAK Public Offering

The company issues more shares, but the public owns a greater percentage of the business. So, theoretically, I should own the same percentage of the business, though who I own it with changes (more public shares outstanding, less private insider [more]

Fri Feb 27

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 7:14 PM

Re: Limits to Indexing

I have come to the conclusion that Indexing is wrong for most people.

http://time.com/money/3616433/retirement-income-401k-new-sol...

If I had [more]

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 1:59 PM

Re: Limits to Indexing

I can agree with the idea that indexing is superior to active management. But what's puzzling is that cap-weighted indexing seems to be practically the only kind of indexing that has any popularity, and yet most of the other kinds of indexing [more]

Thu Feb 26

NL

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EightTrack4 posted to the Deranged Monkey Criticism board. 1:02 AM

Vinik - No Bubble

http://www.cnbc.com/id/102454186

The former Fidelity Magellan Fund manager said in a "Squawk Box" interview the rise in tech stocks in 1999 and 2000 was the biggest bubble [more]

Tue Feb 24

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 2:59 PM

Re: Noodles NDLS $19.57 Down 29%

I suspect that model isn't going to last forever.

UPS Hates Coming To Your House, To Begin Tacking On Surcharges For Residential Delivery


FYI, UPS and Fed Ex have been assessing residential surcharges (and more) for years. [more]

Mon Feb 23

NL

Boards Post

EightTrack4 replied to the Last RoundUp board. 10:38 PM

Re: Sold Colm (part)

I am in the middle of reading "John Neff on Investing" Another legend who ran Windsor fund for 30 years and he outperformed by 3% a year.

I read the book years ago and found it enjoyable. From time to time I pull out my [more]

NL

Boards Post

EightTrack4 replied to the Last RoundUp board. 10:05 PM

Re: CIX

What a strange setup:

CIX <------- 87% owned by NL <------- 83% owned by VHI


VHI also owns 50% of KRO

I have to ask ... how did you find this company?

ET

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 4:10 PM

Re: Noodles NDLS $19.57 Down 29%

Shoulda hit up Prodigy in 1984 when you were 12. Bet HD's done great since then.

[more]

NL

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EightTrack4 replied to the Deranged Monkey Criticism board. 2:01 PM

Re: Noodles NDLS $19.57 Down 29%

Chipotle is an extraordinary company but I wonder whether these "next Chipotle" stocks will come close to CMG's success as either companies or investments.

Stocks like Noodles come public and everyone estimates saturation based on [more]

Wed Feb 18

NL

Boards Post

EightTrack4 replied to the Last RoundUp board. 6:38 PM

Re: Sold Colm (part)

Wow - that's really conservative, isn't it? Don't you think? 15x is 7.5%. 10 Year treasuries are - what - about 2% right now?

There's a mutual fund shop called Intrepid Capital that also utilizes 10x FCF, except they focus on 10x [more]

Tue Feb 17

NL

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EightTrack4 posted to the Deranged Monkey Criticism board. 7:31 PM

Buffett Oil and Vinegar

Don't Invest in Texas!

Tough times for Buffett's energy investments.

1) Energy Future Holdings bonds. Earlier this year he wrote in his AR:

Most of you have never heard of Energy Future Holdings. Consider [more]

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 2:24 PM

Re: My Theme-based Motley Investment Philosophy

goLongWpicks wrote:

My most favoured approach is to invest in secular mega trends. The question I am asking is — Is there a secular trend that is going to make the addressable market much larger than it is today? I like to invest in [more]

Thu Feb 12

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 9:17 AM

Re: Blackstone Group (BX)

Apollo has its roots in Milken's Drexel Turnham

Drexel Burnham ... Freudian "slap" :)

ET

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 9:13 AM

Re: Blackstone Group (BX)

Each of the alt managers has a speciality around which they're building a "Las Vegas buffet" of offerings.

BX - 800 lbs gorilla; clear leader in real estate; in my opinion the most product innovation; their strength in real estate, [more]

Wed Feb 11

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 11:32 PM

Re: Blackstone Group (BX)

Your thoughts, please.

Blackstone Group LP (blackstone.com) is an asset manager and provider of financial advisory services.

Dividend yield = 8.6%, payout ratio = 62%.
Market cap. = $22
[more]

NL

Boards Post

EightTrack4 replied to the Last RoundUp board. 5:58 PM

Re: Oaktree Capital (OAK)

The summaries look interesting but I'm sure what to make of it (like 58.85% net IRR on the Power Opportunties II fund -gimmie some of that!).

58.85% ... meh.

From Apollo Investor Day:

The top quartile in [more]

NL

Boards Post

EightTrack4 replied to the Last RoundUp board. 5:45 PM

Re: Oaktree Capital (OAK)

764.5m in management fee - they do close to a 1% fee rate and had roughly 77b in fee based assets

FYI, of course the blended fee rate is a mix of closed-end, open-end and "Evergreen" AUM.


CFO noted in Q3/14 [more]

NL

Boards Post

EightTrack4 posted to the Stereo 8 board. 3:02 PM

Disadvantages of Scale

A bit of news from Blackstone (alt manager) and WisdomTree (ETF manager) made me think of this famous Charlie Munger quote, which I excerpt below. The entire article is a good re-read (I presume many have read it previously.)

[more]

Tue Feb 10

NL

Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 2:54 PM

Re: MCD

idea that Chipotle is 'healthy' alternative to McD is obviously an urban myth.

It's a well-established scientific fact that 'food with integrity' has 65% of the calories of near-identical 'food lacking integrity.'

And to be [more]

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Big red star, 1000 posts Old School Fool
Board Posts 2153
Recs Received 9298
People who have rec'd these posts 1150
Recs to Posts Ratio (last 30 days) 12.30
Threads Started 255
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Very First Post Only fear is AXA itself... (2/5/2001)
Percentage of Posts Rec'd 82.86 %
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