knighttof3’s Activity

Yesterday

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Boards Post

knighttof3 replied to the An Open Letter board. 12:36 PM

Re: An Open Letter

Little known fact: calorie counts go down by half after 10 pm.

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Boards Post

knighttof3 posted to the Berkshire Hathaway board. 12:30 PM

OT: the casino is closing in the US

The stock market has been described as a casino with the odds in favor of the gamb^W investors. Now, it appears, that advantage is being arbitraged away in an unexpected way - while public companies remain large and profitable, there are fewer and [more]

Sun May 24

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 2:34 AM

Re: Berkshire and rising rates

OK, here is a hypothetical.
I will give you a 3.5% interest rate on my bond, almost 0.5% higher than 30Y US treasuries, if you keep the bond for 20 years. No less.
Would you take this deal?

Fri May 22

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 4:08 PM

Re: Opinion piece BY Buffett

I would leave the exact mechanisms to the wonks, but it seems that the tax code is tilted towards helping the bottom 30% and the top 0.01%, and uncaring about the middle. A few examples -

- A lot of aid programs end abruptly at income limits [more]

Thu May 21

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Boards Post

knighttof3 replied to the Falling Knives board. 12:47 PM

Re: Getting way too fancy

(a) If you are neutral, you don't care if Yahoo wins or loses, only that its price moves away from the current price in either direction. So use an option strategy with a V shaped payout - is that a straddle? Basicaly, buy a low-exercise-price put, a [more]

Wed May 20

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Boards Post

knighttof3 posted to the Words, Words, Words board. 6:11 PM

OT: Second and third languages

Ralph's post triggered his question - when people say X is their second language, is it the second language they learnt in life, or is it the second best language by skill? I assume the former. Wikipedia seems to agree as far as second language goes [more]

Tue May 19

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Boards Post

knighttof3 replied to the Falling Knives board. 8:21 PM

Re: WMT down 4.5% to $76.31

Not that the current price isn't fair, but there are other things out there, so I prefer "compelling" to "fair".

Hi Jim,
what seems "compelling" at this point?

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Boards Post

knighttof3 replied to the An Open Letter board. 8:19 PM

Re: An Open Letter

AdBlock extension (on Firefox and Chrome) still works on the Forbes site.

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 6:50 PM

Re: AverageJoe's 711th CaptionChallenge

"I got your global warming right here."

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 6:27 PM

Re: OT Police training

At age 18, Junior is turned loose on society carrying a bad attitude, a broken compass and little respect for authority. Junior gets himself in big trouble with the law and meets dire consequences. Then, the situation's diagnosis is that the [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 6:17 PM

Re: How many different positions do you have?

I wish you good luck - both WEB was last known to own it and my wife was still in it at the close to-day.

From a shareholder's perspective, I hope she shopped far more than your Berkshire dividend check.

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 5:37 PM

Re: How many different positions do you have?

60 positions as of now, with wild variance in weights. I like Armanino Foods of Distinction and United Guardian, but I am not going to put more than 0.5% of my portfolio in them. On the other hand -

BRK - 19%
JNJ - 5%
VDC - 5% [more]

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Boards Post

knighttof3 posted to the Falling Knives board. 3:26 PM

WMT down 4.5% to $76.31

So who is buying today besides me?

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Boards Post

knighttof3 posted to the Berkshire Hathaway board. 12:38 PM

OT: Tobin's Q - what is it good for?

http://www.pragcap.com/thoughts-on-tobins-q

Summary: using Tobin's Q as a valuation measure would have you sell stocks every year of the current bull market. Implication: don't use Q [more]

Fri May 15

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 8:40 PM

Re: OT: L

Well, as for the S&P, I figure you gotta look ahead, not in the rear view mirror. That mispricing bit is important.
The typical US stock is extremely, extremely richly valued right now.
This is the reason that the broad US index looks
[more]

Thu May 14

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 4:10 PM

Re: What will WB buy next?

Nope the rates won't go up as much as you are suggesting, this is the point of "not a fat tail distribution". The pricing is done based on expected value (i.e., the mean), not having fat tails in this situation means exactly that [more]

Wed May 13

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Boards Post

knighttof3 replied to the Words, Words, Words board. 9:05 PM

Re: English for foreigners

Oh so it's your niece, not your "niece".
Reminds me of a car commercial a few years back - Hollywood exec dining with a naive PYT who says and truly is his niece. Maybe for Mercedes?

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:15 PM

Re: OT: L

I think that sometimes that is correct, but that sometimes people will pay 30x p/e for a good story, that has not made a penny yet. i.e. The dotcom stocks.

They were growing something that by extrapolation and a lot of wishful [more]

Tue May 12

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 8:31 PM

Re: OT: L

Jim,

There is no one on the board who’s posts I respect more, and who is more willing to help people.

I do however, disagree with your definition of a growth stock. Granted that Morningstar defines a growth stock as one with
[more]

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Boards Post

knighttof3 posted to the Markel Corporation board. 3:28 PM

Does the BRK rule apply to MKL?

Not rule #1 - we know that applies.
I am talking about rule #0 - IV = #posts.
I hope so.

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CAPS Player Rating 48.93
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Score 10.70
Score Change Today +10.56
Accuracy 45.45%
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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 3386
Recs Received 6065
People who have rec'd these posts 1134
Recs to Posts Ratio (last 30 days) 4.20
Threads Started 414
Threads Started Percentage 12.23 %
Most Frequent Board Berkshire Hathaway
Very First Post My dumbest investment - ENT (12/6/2007)
Percentage of Posts Rec'd 55.20 %
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