knighttof3’s Activity

Yesterday

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 5:15 PM

Re: WEB on Hedge funds

Another WEB inconsistency...perhaps.

I think the explanation lies in another part of the letter about active management:

"Bill Ruane – a truly wonderful human
being and a man whom I identified 60 years ago as [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 5:07 PM

Re: Report and annual letter out

Here are some things I noticed in the annual letter. I don't have sufficient insight as to why WEB chose to highlight these, but I have uneducated guesses, not worth your time.
- Jobs created. Several times, he mentions the employee count at [more]

Thu Feb 23

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Boards Post

knighttof3 replied to the Political Asylum board. 4:19 PM

Re: TRUMP's First 722 Hours As President

If you look at the chart, he worked roughly 250 hours out of ~750, or 8 hours/day. That sounds... reasonable? I don't see what the big scoop is.
Also, maybe it's better if he spends his time golfing rather than making policy... be careful [more]

Wed Feb 22

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Boards Post

knighttof3 polled the Berkshire Hathaway board. 8:27 PM

Poll: Rank these by price returns

Without looking at any websites, apps etc, rank the following Berkshire holdings (and the S&P 500 ETF) in terms of the biggest price return to the smallest in the last 5 years (since Feb 27, 2012.)
I am too lazy to check but I think the same [more]

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 1:01 PM

Re: The Darwin's Are Out.

It's funny, it's HUrL, it's old (http://www.snopes.com/horrors/freakish/darwin05.asp.)

Tue Feb 21

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Boards Post

knighttof3 replied to the Dividend Growth Investing board. 8:14 PM

Re: My plan as a beginner...

Are you looking for yield alone (i.e. buy and hold forever, never sell, never care about price)?
If so, VPU or equivalent would work.
If you are also looking for possible price appreciation, here are a few suggestions. All are large-cap [more]

Mon Feb 20

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 1:40 PM

Re: AverageJoe's 766th CaptionChallenge

In spite of expert advice, Pence insisted that his boat always lean to the right.

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:31 PM

Re: Watsa

I'd go by what Jim said. Paraphrasing - Watsa was looking for a plausible excuse to close his money-losing hedges. Trump's rhetoric just provided the peg he could hang his hat on.

Fri Feb 17

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 7:23 PM

Re: Buying 'cheap' , sizing,scaling in/o

itconsultant,
first of all, as I said earlier, I admire the high SNR content of all your posts.

I also fall in the trap of buying something because it went down / selling something because it went up.
Finally I learned to do the [more]

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Boards Post

knighttof3 replied to the Dividend Growth Investing board. 7:01 PM

Re: Better than VTI?

The data I see doesn't support the fact that VUG handily outperformed VTI, especially if you include reinvested dividends. since both of their inceptions VTI barely outperforms VUG. VTI is much more diversified as well & lower costs. Same [more]

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 6:56 PM

Re: Unilever UL

I have a largish Unilever position (along with Reckitt Benckiser, NGG, Diageo etc) and I think KHC's offer was a joke. Unilever is pretty much an unkillable cash cow with presence in every country - a very high quality company. If KHC offers a [more]

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Boards Post

knighttof3 replied to the Dividend Growth Investing board. 3:16 PM

Re: Better than VTI?

Two caveats: 1 as someone said above, past performance is not an indicator of future results and 2 out- vs under-performance depends very much on the start and end points (for broad ETFs that unlike stocks or narrow ETFs don't go out of [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:45 PM

Re: "A Glitch"

Whereas you are a tick trying to engorge himself on the great man's blood.

But how do you really feel?

Munger is successful at investing and thinks he has something valuable to offer in terms of philosophy, psychology, [more]

Thu Feb 16

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 7:51 PM

Re: Berkshire & KO

Yahoo shows KO went from $39.19 (adjusted for dividends) on April 30, 1998 to $41.20 today, roughly 19 years later. Even assuming they forgot the 2/1 split in 2012 (and thus starting price should be $19.60), that's a nominal return of [more]

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Boards Post

knighttof3 replied to the Value Hounds board. 7:43 PM

Re: FWIW - Intrinsic Value

For example, it is perfectly reasonable that an older person focused on supplementing income with dividends for a period of ~ 10 years or so would happily pay a very different price for a firm like JNJ than a younger person [more]

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Boards Post

knighttof3 replied to the Value Hounds board. 3:42 PM

Re: 10 yr. AA corporate bonds

Are you guys using
IV = EPS * (8.5 + 2g) * 4.4/Y
where IV = intrinsic value (fair price), EPS = earnings per chare, g = expected long-term annual growth rate and Y = prevailing yield on 20 year AAA corporate bonds?
If yes, what is the [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 3:33 PM

Re: Buffett and Moat Investing

Great hindsight.
Who here predicted Buffett would buy Apple? (Actually I think someone here did. I sure did not.)

"“I don’t think we’ve gone crazy,” Munger added. “I think we’re adapting.”" Umm yeah. It is reassuring when a 93 [more]

Wed Feb 15

NL

Boards Post

knighttof3 replied to the Humor and Urban Legends board. 8:28 PM

Re: Let's clear this up

being that she looks doable

In the same way that Ben Franklin said "in the dark all cats are grey."

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 8:08 PM

Re: Buffett and Apple

Reduce my %age in BRK. Bad decisions by the King.
According to Yahoo's reporting of Munger's remarks, AAPL was Buffett's investment: [more]

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 7:46 PM

Re: OT: Bloomberg

of course it is his mothers. :)

Are you a Mormon? :)

Martian, don't shoot me for using a stereotype. Though you CAN get mad at this: I agree with the Atheists that portrayed Mother Teresa as hypocritical. Poor people of [more]

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Score Change Today +11.64
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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 4869
Recs Received 8805
People who have rec'd these posts 1293
Recs to Posts Ratio (last 30 days) 5.30
Threads Started 588
Threads Started Percentage 12.08 %
Most Frequent Board Berkshire Hathaway
Very First Post My dumbest investment - ENT (12/6/2007)
Percentage of Posts Rec'd 55.95 %
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