kelbon’s Activity

Today

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kelbon replied to the Berkshire Hathaway board. 16 minutes ago

Re: Serious questions

(On the other hand, we've had a few years with IBM, so it may be time to say that was not a home run...though it has worked out better than holding cash...but not nearly as well as share repurchases would have been)

It seems, on [more]

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kelbon replied to the Berkshire Hathaway board. 11:10 AM

Re: Serious questions

The IBM buy was done at a time when BV was below 1.2 (during 2011) clearly in hindsight it would have been better to buy back 12 billion of Berkshire stock than buy IBM.

Berkshire's book value has only been 1.2 times fleetingly so [more]

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kelbon replied to the Berkshire Hathaway board. 10:22 AM

Re: Creating Your Own BRK Dividend Question

... er, mungofitch and me ...

Clearly, not equals when it comes to grammar.


Well, not necessarily; I think you were right the first time with “mungofitch and I[…]”

Snip:

What gets confusing for many [more]

Yesterday

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kelbon replied to the Berkshire Hathaway board. 3:22 PM

Re: Creating Your Own BRK Dividend Question

A company can even issue debt to pay a dividend, see for example https://en.wikipedia.org/wiki/Dividend_recapitalization

Dividends are not earnings. Dividends are
[more]

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kelbon replied to the Berkshire Hathaway board. 1:59 PM

Re: Creating Your Own BRK Dividend Question

Because he thought their EARNINGS would be good.

Most, if not all, of Buffett's biggest equity positions have been, and continue to be, in companies that pay a dividend.

Good, growing, and relatively predictable earnings per [more]

Sat Aug 29

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kelbon replied to the Value Hounds board. 3:49 PM

Re: Advantage to buying only long term positions

I only have a few stocks in my portfolio.

I can't really comment on that because I don't know what they are. However, your post brings up an issue that I've been mulling over lately and it is diversification.

At this time, [more]

Fri Aug 28

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kelbon replied to the Dividend Growth Investing board. 4:57 PM

Re: Dividend Aristocrats: Mike Klein charts

When we see a line drawn on a chart, our monkey brain presumes that the line is meaningful.

I think that’s right.

But it's not. It's just a line drawn on a chart with a ruler.

It really depends on what the [more]

Thu Aug 27

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kelbon replied to the Dividend Growth Investing board. 6:01 PM

Re: Dividend Aristocrats: Mike Klein charts

My last word, in this conversation at least, on BMW price-CAGR charts.

I consider these charts to have little use. I have explained why. I am not misinformed about how to use them and it is not my mission to tenaciously change people’s minds [more]

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kelbon replied to the Dividend Growth Investing board. 5:44 PM

Re: Dividend Aristocrats: Mike Klein charts

kelbon, perhaps you could clear something up for me?

Goofy, I’m happy to try.

In one post you say that the Klein (BMW) charts are "snake oil" and that people should use Value Line instead. Then in your very next [more]

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kelbon replied to the Dividend Growth Investing board. 10:41 AM

Re: Dividend Aristocrats: Mike Klein charts

You ever see the movie Polar Express? You remind me of the kid with the glasses - a lot!

No, I've never seen Polar Express. Isn't it a kids' movie?

Anyway, regardless…

You probably would have got just as lucky [more]

Wed Aug 26

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kelbon replied to the Dividend Growth Investing board. 11:54 PM

Re: Dividend Aristocrats: Mike Klein charts

Just thought you'd like to know that kelbon is up to his old tricks regarding BMWM charts:

Could be someone’s jerking your chain, knowing you’ll rise to the bait? You made a good start with Why do you hate the BMW method? A [more]

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kelbon replied to the Dividend Growth Investing board. 11:40 PM

Re: Dividend Aristocrats: Mike Klein charts

CAT is getting close and I've already loaded up on EMR. As someone else indicated, it is a tool in the tool chest that adds another data point (a damn good one in my experience) to one's analysis.

There are some possibilities worth [more]

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kelbon replied to the Dividend Growth Investing board. 6:37 PM

Re: Dividend Aristocrats: Mike Klein charts

Just why exactly do you hate the BMW Method?

I don’t hate it; that would be silly.

I find it hard to believe that after all the back and forth about the usefulness (or uselessness, depending on you POV) of price-CAGR charts [more]

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kelbon replied to the Dividend Growth Investing board. 3:58 PM

Re: Dividend Aristocrats: Mike Klein charts

There you have it from the mouth of the creator of the BMW Method. No mention of the mean.

Quoting just a few lines from someone who wrote tens of thousands about his "method" to illustrate your argument? Add to this, the [more]

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kelbon replied to the Dividend Growth Investing board. 2:39 PM

Re: Dividend Aristocrats: Mike Klein charts

I did not get from Wendy's post that the BMW charts are the *only* thing one might look at, but they do present a visual history of a stock's price in a way that Value Line and others do not - and I (for one, at least) find that they have the [more]

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kelbon replied to the Dividend Growth Investing board. 12:09 PM

Re: Dividend Aristocrats: Mike Klein charts

Useless in what sense? In the sense that they are not indicative, in any way what-so-ever, as to whether a stock is cheap, expensive, or fairly priced. What the charts only show is the ebbs and flows of stock prices over time. [more]

Tue Aug 25

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kelbon replied to the Value Hounds board. 9:39 PM

Re: The Near Future-CALM...and note to Poz

I looked at a couple of my stocks I want to add to and left it for another day.

Clearly indicative of a bottom then; only up from here.

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kelbon replied to the Dividend Growth Investing board. 4:25 PM

Re: Dividend Aristocrats: Mike Klein charts

Of all the tools developed by members of The Motley Fool, the long-term growth charts by Dr. Mike Klein and posted on the BMW web site are among the most useful.

Wendy, after being thanked in your post, it pains me to do this but [more]

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kelbon replied to the Berkshire Hathaway board. 1:03 PM

Re: Geico rate discriminations

More fundamentally, it is entirely legitimate for an insurance company to charge higher rates to people at higher risks.

Of course it's entirely legitimate. However, what perhaps isn't entirely legitimate is to penalize groups of [more]

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kelbon replied to the Berkshire Hathaway board. 11:41 AM

Re: Geico rate discriminations

• Geico was charged with quoting inflated rates to women, low-income and non-professional-level applicants. The company agrees not to consider education and occupation in sorting coverage limits via a three-year [more]

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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 4273
Recs Received 17799
People who have rec'd these posts 1502
Recs to Posts Ratio (last 30 days) 13.10
Threads Started 483
Threads Started Percentage 11.30 %
Most Frequent Board The BMW Method
Very First Post A word of caution.... (5/15/2001)
Percentage of Posts Rec'd 83.83 %
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