knighttof3’s Activity

Today

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 2 hours ago

Re: Charlies advice

vast majority of Berkshire owner's cannot afford to overpay for voting rights on this stock, so they just do without.

Do stockholders care about voting rights or lack thereof?
Google, Facebook, Goldman Sachs, I could go on...

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Boards Post

knighttof3 replied to the Living Below Your Means board. 4 hours ago

Re: Marriott--Tip Envelopes in Rooms Program

I don't. It's Marriott's responsibility to pay their employees a fair wage, not mine. Why should I subsidize Marriott's labor rates? I'm all for tipping for people who go above and beyond (after all, that is the point of a gratuity) but trying to [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 4 hours ago

Re: The Buffett Indicator

I replied to your post but was referring to this one:
http://boards.fool.com/all-the-best-yeahitsme-added-to-your-...

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Boards Post

knighttof3 replied to the Markel Corporation board. 4:19 PM

Re: Open this thread in 2024

Too many thoughtful suggestions.
UltimateSpinach left the first post incomplete, I am not convinced the grand prize warrants all this. It's probably not half his kingdom and his daughter's hand in marriage, value investors are too stingy for [more]

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 3:14 PM

Re: Anti Alzheimer Exercise

Is it wrong to be turned on by a guy holding a bowl? I blame the rose.

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 3:06 PM

Re: The Buffett Indicator

Oh I get it. Your SNR<<0. I'm supposed to be ignoring you. Please pardon the sarcastic responses because it took me two posts to realize this.

When Jim puts a poster on Ignore you should know to abandon all hope :-)

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:01 PM

Re: Buybacks - The Economist gets it wrong

I hate the "debate champion" style of op-ed pieces like this. Selectively quoting statistics to bolster their arguments while deliberately misleading by omission.

Example from this ( [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:33 PM

Re: Off Topic/Income

ORA,
would the trust accept income generated by regularly selling equities that don't pay a dividend? BRK would fit that mold nicely - that's what the Gates foundation has been doing. Surely your trust can do worse than emulate Bill Gates's [more]

Fri Sep 12

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Boards Post

knighttof3 posted to the Berkshire Hathaway board. 2:55 PM

Identifying moats

Sorry, this is a question, not an answer. Feel free to skip.

Someone brought up a good point in DGI or Value Hounds board - how is it that PriceLine has a moat in selling travel online but no one else does? Starbucks selling $5 [more]

Wed Sep 10

NL

Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 4:38 PM

Re: stalwart screen

I'm trying to find something interesting on this list.

thoughts?


P&G.
Please people, try to contain your laughter for a minute!
P&G has not participated in the broad rally since last year, has (of course) [more]

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Boards Post

knighttof3 posted to the Markel Corporation board. 12:51 PM

Markel - buy now, short or ignore?

I don't own Markel but look at it from time to time.
Pros: low P/B, steady book growth, conservative balance sheet, talented investors.
Cons: lumpy (and currently high) P/E, stock has already run up too much, why bother when BRK is a choice [more]

Mon Sep 8

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 6:19 PM

Re: amazon.com

10 years is a long time to wait for Amazon to get its just desserts. Yet, I can't but feel better about eschewing humility and buying OTM Amazon puts when I read this:

[more]

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 12:21 PM

Re: AverageJoe's 694th CaptionChallenge

"You are such an ass!" Goose said fondly.

Sun Sep 7

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:58 PM

Re: BRK release concerning ACME

Can anyone translate this into English?
This part sounds like the employees are right and Berkshire is wrong, but the legalese is too dense:
"notwithstanding the
foregoing proviso, Parent will not cause the Company to ... (ii) reduce [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:46 PM

Re: Berkshire Hathaway: Wholesaler of Death?

One might object to any number of behaviours that harm people's health, and oblige them to change their behaviours on the basis of our decision to help each other with healthcare expenses, but that way lies tyranny.

Which could be [more]

Sat Sep 6

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 11:02 PM

Re: Buybacks work

As far as companies buying back less in 2002 and more in 2008 and so on - hindsight is 20/20. If the insiders were stupid then so were the outsiders. More correctly, neither could predict the future.

I am not crediting insiders with [more]

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Boards Post

knighttof3 replied to the Dividend Growth Investing board. 10:32 PM

Re: Stocks vs index dividends ETFS

I have owned SCHD (and SCHF) and continue to DCA into them.
Picking individual stocks in this market is tough. The tide is in, and it is hard to see who is swimming naked, to paraphrase Buffett. i.e. Not sure which stocks can be considered [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 9:53 PM

Re: Buybacks work

I don't think that the S&P 500 buyback index beating others over 1...20 years is a statistical anomaly, because it happened over multiple time periods. Correlation vs causation is, of course, trickier to determine, but based on the evidence it is [more]

Fri Sep 5

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Boards Post

knighttof3 posted to the Berkshire Hathaway board. 5:19 PM

Buybacks work

There is a great deal of skepticism among value investors when it comes to share buybacks by companies. The image is that of management being arrogant and allocating ever increasing capital to buybacks when the share prices are high, and fearful to [more]

Wed Sep 3

NL

Boards Post

knighttof3 replied to the Humor and Urban Legends board. 7:18 PM

Re: Gold facts

but I have a stock of gold bullion that's 99.999 pure gold,

AJ,
I have, umm, a check for the $20 I owe you (you probably forgot) so... where should I mail it?

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Big red star, 1000 posts
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Very First Post My dumbest investment - ENT (12/6/2007)
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