Zzorac’s Activity

Yesterday

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 10:27 PM

Re: Schiller: everything is bubbly

If I choose 7% as the target trend earnings yield, the longest the
market has ever gone in the past without being cheaper than that was 17.7 years,and it has been 5 years so far this time...

I'll probably pick a more moderate
[more]

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Zzorac replied to the Berkshire Hathaway board. 5:21 PM

Re: beheading

Believe it or not, what is happening in the world, geo-politically and economically, is relevant to the future fortunes of Berkshire Hathaway. If you find that hard to grasp and feel that raising your eyes for a moment from Berkshire’s 10-K “very [more]

Wed Aug 20

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Zzorac replied to the Berkshire Hathaway board. 5:58 PM

Re: Schiller: everything is bubbly

S&P 500 Real Sales
http://www.multpl.com/s-p-500-real-sales

S&P 500 Real Price
[more]

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Zzorac replied to the Berkshire Hathaway board. 4:12 PM

Re: Schiller: everything is bubbly

Usually GMO 7 year real return forecast charts don't take volatility into account. This one has 7 year real return forecasts on the Y axis and expected real volatility on the x axis. As of June 30, 2014.

The article only talks about [more]

Tue Aug 19

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Zzorac replied to the Berkshire Hathaway board. 2:07 PM

Re: OT: Cities by millionaire density

Monaco RE prices ...

Tour Odeon, a double-skyscraper being built by Groupe Marzocco SAM near Monaco’s Mediterranean seafront, which will contain a 3,300 square-meter (35,500 square-foot) penthouse with a water slide connecting a dance floor [more]

Mon Aug 18

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 9:18 PM

Re: Is the market overvalued

For the s&p 500 index
2014 2Q as reported eps: $27.47
TTM eps as of 2014 2Q: $105.00

These are inflation adjusted figures.

That puts TTM PE at 1971.74/105 = 18.78.

Very impressive earnings by any measure. The [more]

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Zzorac replied to the Berkshire Hathaway board. 8:52 PM

Re: OT: Wells Fargo

Conversely Wells Fargo is just plain a good business. I can't see any particular reason they won't be around, and bigger in real terms, and earning an excellent return on equity 20 or 30 years from now.

It's true I can't think of any
[more]

Sat Aug 16

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Zzorac posted to the Berkshire Hathaway board. 7:45 PM

OT: Wells Fargo

Jim,

You have said in the past that IBM and WFC are significant positions for you. For IBM you have talked a lot about what total return to expect. Depending on when I expect it to hit 260 (20 eps * 13 multiple), and including the dividend [more]

Fri Aug 15

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Zzorac replied to the Berkshire Hathaway board. 4:23 PM

Re: Come on, guys: 202k, 203k, ...

Maybe they used they Dec 31st BV of 221890 which would give 1.50 now, instead of the June 30 BV of 234005 which gives a ratio of 1.42 (would have been 1.44 when I posted)


2014 2Q BV is $142,483 per A share (94.99 B share). That [more]

Thu Aug 14

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Zzorac posted to the Berkshire Hathaway board. 7:12 PM

Bad Timing

The author couldn't have chosen a worse day to write an article titled "Has Buffett Lost His Touch?"

8/14/2014 @ 6:56AM
[more]

Wed Aug 13

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 12:01 AM

Re: 200k celebration

Hey, you accumulators have had a golden age for a few years.
Let the retirees have their day in the sun!
We can go back to undervaluation if you like after we sell a few
denarii worth at twice book.


The train has not left [more]

Sat Aug 9

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 2:15 PM

Re: news from ghu

Now we can buy more dividend paying stocks which give us a comfortable income

The DSL closed end fund is a good candidate to consider for the income generation portion of your portfolio. Currently selling at a 8.81% discount to NAV. [more]

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 1:38 PM

Re: news from ghu

The first stock we bought is Sberbank, a recommendation of Jim Grant

Jim's take on Sberbank. Our Jim, not the one mentioned above.
[more]

Thu Aug 7

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 11:47 PM

Re: OT: Nyaaah

What ways are there to invest in this S&P equal
weight total return


https://finance.yahoo.com/q?s=RSP

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Boards Post

Zzorac posted to the Berkshire Hathaway board. 9:09 PM

OT: Wealthiest Americans by State

Do you know who the richest person in your state is? Wonder no more.

[more]

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Zzorac replied to the Berkshire Hathaway board. 12:57 PM

Re: OT: Wally

Do you love your cable company

There is enough competition these days. I can choose from Comcast, Wide Open West, AT&T U-Verse and Verizon Fios for TV, VOIP telephone and broadband. Plus there is Direct TV and Dish Network. With [more]

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Zzorac replied to the Berkshire Hathaway board. 12:22 PM

Re: OT: Wally

Wow, Lotta hate for the store that it's fashionable to hate. Pretty cool to signal that you are one of the in-crowd by dissing Walmart. Our daughter-in-law would fit right in with the other people on this thread. She's so stuck up it's beneath her [more]

Wed Aug 6

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 12:39 PM

Re: OT: Wally

Aside from the fact that growing profits by cutting benefits and working hours is something that has to stop eventually, employee morale is a depletable resource.

Will WMT's performance over the next 10-20 years suffer from lower worker
[more]

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Boards Post

Zzorac replied to the Berkshire Hathaway board. 11:39 AM

Re: earnings

For whatever it's worth, in the 2008 annual meeting Mr Buffett apparently made a comment that the expected the firm to be worth "$700 billion in 12 years

Jim,

Do you really buy into the notion of a 700 bn market cap by [more]

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One star, 50 posts
Board Posts 133
Recs Received 376
People who have rec'd these posts 192
Recs to Posts Ratio (last 30 days) 5.20
Threads Started 32
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Very First Post Google Street View Guys (11/15/2009)
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