hedgehog444’s Activity

Fri Aug 3

NL

Boards Post

hedgehog444 replied to the White Mountains Insurance Group board. 1:26 PM

Re: Quiet fishing hole

The advantage of having my WTM in a taxable account is I am less willing to trade in and out. I first bought in 2009 and have only added, once in 2016 and once at the beginning of this year. FWIW my XIRR is >14%, so nothing to complain about. [more]

Thu Jul 19

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Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 11:58 AM

Re: Gearing

Ok, I'll play. Why not just eliminate the debt? Any interest rate for the debt above the 3month TBill rate is money down the drain.

Using the cash for buybacks rather than debt suggests that they think the ROI from those buybacks is a [more]

Fri Apr 13

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Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 12:28 PM

Re: Way OT: Huge rare earth discovery of Japan c

In particular, there is significant radioactive material associated with the REE's. Those complications (amongst others) are what lead to the closing of the Mountain Pass mine in California. If you are more casual about toxic environmental waste [more]

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Boards Post

hedgehog444 replied to the Mechanical Investing board. 12:19 PM

Re: Yield Curve Inverting ?

In simplistic terms the 2-year is driven by the Fed, the 10-year is driven by the market's predictions about inflation. Couldn't this inversion just be because the Fed wants to have a higher yield so they can reduce it in the next downturn [more]

Thu Apr 12

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Boards Post

hedgehog444 posted to the Falling Knives board. 1:58 PM

Trisura

Any folks still holding Trisura (TSU)? It is the insurance spinoff from BAM that did some share-split shenanigans to "reduce administrative costs". Been trending down since that blessed event (I'm down about 10%) but when I look at [more]

Wed Jan 24

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Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 10:56 AM

Re: Buffett Shares the Secrets to Wealth

<< I think Taleb first came up with the concept of f u money. >>

Interestingly, Tracy Kidder talks about it in "The Soul of the new Machine", also published in 1981, in which the founders sell enough shares to be [more]

Thu Oct 12

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Boards Post

hedgehog444 replied to the Brookfield Asset Management board. 11:05 AM

Re: Trisura: What now?

Hi DTB,

Thanks for those SA articles. There seems to be some gentle inside manipulation to get rid of us punters (e.g. 10:1 followed by 1:10). Given the vast sums involved here I decided to increase one of my accounts to 100 sh and [more]

Tue Oct 10

NL

Boards Post

hedgehog444 posted to the Brookfield Asset Management board. 11:46 AM

Trisura: What now?

Anyone have an opinion on the Trisura spinoff? Ignoring the few shares I own has worked great so far, but since I'm unwilling to do any due diligence perhaps I should take my ~50% gain and have a nice dinner?

Rgds,
HH/Sean

Fri Oct 6

NL

Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 12:05 PM

Re: OT: BABA question

Jim,
FWIW, there was a decent discussion of investing in China here that you may not have seen:
[more]

Fri Jun 2

Hidden Gems Boards Post

hedgehog444 posted to the Hidden Gems boards. 1:14 PM

Thu May 11

NL

Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 12:06 PM

Re: Airline investment - different this time?

The Muppets on the benefits of video-conferencing:

https://www.youtube.com/watch?v=tgbNymZ7vqY

(Bohemian Rhapsody, in case you don't want to [more]

Thu Mar 9

NL

Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 10:58 PM

Re: A Value Opportunity in Preferred Stocks

The Times had a recent article on "How to make you money last as long as you do" which has been a topic here as well. They quote a financial planner who has done some Monte Carlo simulations of the possibilities of running out of [more]

Sat Feb 11

NL

Boards Post

hedgehog444 replied to the Mechanical Investing board. 11:18 AM

Re: OT-Index or Value

And of course photons have momentum:

https://en.wikipedia.org/wiki/Solar_sail

NL

Boards Post

hedgehog444 replied to the Mechanical Investing board. 11:16 AM

Re: OT-Index or Value

Even more fun: x-rays have an index of refraction slightly less than 1 for most materials, meaning that the phase velocity (but not the group velocity) is higher than c. You can achieve focusing of x-rays by sending them through an array of concave [more]

Thu Jan 19

NL

Boards Post

hedgehog444 replied to the Berkshire Hathaway board. 8:33 AM

Re: OT: Gene Cernan

Randall Munroe on those who have walked on the moon:
http://xkcd.com/893/

Rgds,
HH/Sean

Thu Dec 1

NL

Boards Post

hedgehog444 posted to the Falling Knives board. 12:06 PM

FKA: BDX

Becton-Dickinson (BDX) is well off its high for the year (although still
up for the year as a whole). It has been dealing with the acquisition of
CareFusion which has greatly increased its debt and they have booked
losses for [more]

Sat Aug 20

Hidden Gems Boards Post

hedgehog444 replied to the Hidden Gems boards. 10:34 AM

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Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 929
Recs Received 2471
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Very First Post Re: My mom has owned EXXON since the 1960's (2/18/2005)
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