kelbon’s Activity

Today

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kelbon replied to the Berkshire Hathaway board. 5:46 PM

Re: Wells Fargo Fraud Allegation

Other reports indicate that it's the City of Los Angeles that is suing Wells Fargo. This is a few steps further than the anecdotal reportage on Clayton Homes, but, one step further removed from Berkshire as rather than owning Clayton outright, which [more]

Yesterday

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kelbon replied to the Berkshire Hathaway board. 4:02 PM

Re: Buffett on Clayton homes

Rather than digging his heals in what is so hard for Buffett to say something along these lines?

"If any of Clayton's employees mislead customers about terms; interest rates; choice, etc. they shouldn't have. It's not the company's [more]

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kelbon replied to the Value Hounds board. 12:50 PM

Re: WP Carey

If you set up a portfolio that can yield 4% then theoretically if you can live on whatever the 4% is then you don't have to ask yourself how long that rate of withdrawal is going to last. It will last as long as the companies in the port keep [more]

Sun May 3

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kelbon replied to the Berkshire Hathaway board. 11:26 AM

Re: Bill Gates about IBM

If you're trying to evaluate the financial situation of an individual, do you care about how much he spends, or how much he earns? Indeed, if his spending growth outpaces his earnings, that is cause for great concern.

There's little [more]

Sat May 2

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kelbon replied to the Berkshire Hathaway board. 12:54 PM

Re: Bill Gates about IBM

“No, IBM became less of a technology company,” Mr Gates says. “It’s really sad. It turns out, at least so far, Warren was wrong.

I'm inclined to think that Buffett's interest in IBM was as much to do with its cheap stock and its [more]

Wed Apr 29

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kelbon replied to the Dividend Growth Investing board. 12:17 PM

Re: What are div folks doing with Oil

What are div folks doing with Oil[?]

Cautiously holding.

As far as the majors go, the retreat in stock prices hasn't been as severe as the retreat in the price of crude.

kelbon

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kelbon replied to the Value Hounds board. 12:04 PM

Re: CALM, SYNT, & T

As the original post in this thread was on Value Line's predictive powers…

For what it's worth, VL forecast (as of the end of January) a share price for CALM of between $25 and $40 for 2017 -'19. Today the share price is around $45. This [more]

Tue Apr 28

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kelbon replied to the Value Hounds board. 5:25 PM

Re: CALM, SYNT, & T

Hopefully Value Line got that correct?

Ha, if Value Line was that good at predicting we'd all be set.

Value Line isn't in the short term (one year) forecasting business when it come to share prices.

They forecast a [more]

Fri Apr 24

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kelbon replied to the Berkshire Hathaway board. 12:50 PM

Re: Dear Bank of England

Dear Bank of England,

Please raise your interest rates. I'm sure the Central European Bank et al would soon follow your example. The too strong dollar is bad for U.S. multinationals' profits and what's good for the US is good for Britain. [more]

Wed Apr 22

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kelbon replied to the Berkshire Hathaway board. 11:28 PM

Re: Folks needing dividends...

I'm fairly well off and make a good income. I have NEVER kept significant amounts of cash.

The pertinent question, I think, is how do you make a good income? Is it from more than one source? If you have a job which pays well and you [more]

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kelbon replied to the Berkshire Hathaway board. 12:48 PM

Re: It's Good to Be a Crony

As far as i can tell, this is just a trolling effort. This will be my last feeding.

Shame on you.

The point I was making was that, in and of themselves, your five points don’t necessarily have any relevance to whether the [more]

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kelbon replied to the Berkshire Hathaway board. 11:50 AM

Re: It's Good to Be a Crony

1) The WSJ editorial page has a history of being anti-Buffett.

Because a publication, or journalist, seems to have a particular slant doesn't necessarily mean that what they publish doesn't have verity to it.

2) Charlie [more]

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kelbon replied to the Berkshire Hathaway board. 11:28 AM

Re: Folks needing dividends...

Sorry to be obtuse, but this has always bothered me when I have heard this suggestion about holding cash. If you do not have a policy for using that cash at some point, then holding it is precisely useless.

I assume people hold [more]

Mon Apr 20

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kelbon replied to the Berkshire Hathaway board. 7:13 PM

Re: Folks needing dividends...

I think your analysis is missing some basic math.

The analysis' intent was to highlight that your suggestion would only make sense for high net worth individuals with large sums in Berkshire stock.

If you have $1 million, [more]

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kelbon replied to the Berkshire Hathaway board. 6:01 PM

Re: Folks needing dividends...

Any prudent person should have 2-3 years' worth of ready cash, so they don't need to sell shares at a temporary low point. And they should probably not have most of their net worth in any one company either, even if that company is [more]

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kelbon replied to the Berkshire Hathaway board. 3:35 PM

Re: Folks needing dividends...

But they [dividends] are not rational, if your objective is to maximize your returns.

Rational, or not, whether a stock pays a dividend has little bearing on how good an investment it will eventually be. It's worth noting that [more]

Sun Apr 19

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kelbon replied to the Berkshire Hathaway board. 2:49 PM

Re: Folks needing dividends...

It’s pretty simple why some people need dividends, both for practical purposes and psychologically.

It’s all very well pushing the “make your own dividends” line in a bull market when a good company’s progress is amply, and justly, awarded [more]

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kelbon replied to the Value Hounds board. 12:11 PM

Re: Question for Value Hounds

Of course these numbers may mean nothing. But just by looking at numbers I could not tell why DV is better than APOL.

It's the decline in Apollo's business, which continues to slide, that informs me that perhaps DeVry is a safer pick [more]

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kelbon replied to the Value Hounds board. 12:23 AM

Re: Question for Value Hounds

APOL is the best in class, and perhaps the best financed, and will gradually pick up those who are forced out of this market.

I beg to differ. I suggest DeVry as best in class.

Why? DeVry:
• No longterm debt.
• This [more]

Fri Apr 17

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kelbon posted to the Berkshire Hathaway board. 4:10 PM

Ginni Rometty talks with Charlie Rose

On “Charlie Rose,” a conversation with Ginni Rometty. She is Chairman and CEO of IBM. This week, IBM announced a new business unit, Watson Health. It will offer cloud-based access to its Watson supercomputer for analyzing healthcare data. (Source: [more]

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Big red star, 1000 posts Old School Fool
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