knighttof3’s Activity

Today

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 2 hours ago

Re: Wells vs Berkshire, the Heresy

The gov't has had its foot on the throat of banks for too long. It has gone beyond and extended punishment and into self-defeating foolishness.

It doesn't make sense to punish banks to the tune of $10's of billions of lost
[more]

Yesterday

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Boards Post

knighttof3 replied to the An Open Letter board. 2:25 PM

Re: An Open Letter

If you have never experienced something, it can be hard to put yourself in the shoes of another.

The following is NOT directed at Pos. Having read his letter, he got many tough breaks early in life, and you can't blame kids for [more]

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Boards Post

knighttof3 posted to the Humor and Urban Legends board. 12:35 PM

Brexit (again)

The insufferable English are now threatening to delay invoking article 50 to avoid getting out of EU, like an ex who breaks up with you yet insists on living with you. In response, the majority of formerly EU countries have all gotten out of EU and [more]

Sun Jun 26

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Boards Post

knighttof3 replied to the Humor and Urban Legends board. 2:38 PM

Re: Open Letter to President Obama

I wonder how you get income tax credits without filing taxes. It's almost like somebody just made that up.

It is HURL, but it was funny.
BTW you say "not filing taxes" like that's no big deal.
Try that if [more]

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Boards Post

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

Re: what the brexit will mean

I hope the EU has some provision to kick out the insufferable Brits.

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Boards Post

knighttof3 replied to the Value Hounds board. 1:46 PM

Re: Brexit & soccer

Only a knuckled headed political party, who favored the UK remaining no less, would have scheduled the Brexit referendum during Euro Soccer (The European Cup).


Great point, I haven't heard it mentioned elsewhere.
But, I [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 1:40 PM

Re: OT: Currency moves?

Macro stuff is beyond my ken, but, a currency gets strong when any or all of these are true:
- interest rates are rising (monetary discipline, no QE, moderate inflation, no deflation or out of control hyperinflation)
- deficit spending is [more]

Sat Jun 25

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 9:05 PM

Re: OT: Selling Opps?

Seems a bit of an over reaction to see Berkshire down $9000.


I think, so far the reaction is the result of no one knowing the implications of Brexit i.e. just the market hating uncertainty.

Economic fallout could range [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:34 PM

Re: OT: EU

Probably no more than 400 million want to implement Sharia Law. That's how I define radicalized.
Har de har har. Weren't these Jihadis our friends not so long ago? Against the Godless commies? Surely, more God is better God. [more]

Fri Jun 24

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Boards Post

knighttof3 replied to the Falling Knives board. 7:18 PM

Re: FKA: GBP

I am sorry for turning this innocent board into yet another PA crap forum.
Wonder is there were any falling knives today?

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 3:49 PM

Re: Britex

Wisecracks aside, wait and see. This is not a one-day phenomenon. It has implications over the next 5 years, especially (like Arab Spring) other countries start leaving the EU. Economic effects are unpredictable and depend on how the EU and UK [more]

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knighttof3 replied to the Falling Knives board. 3:24 PM

Re: FKA: GBP

knightoff -

Wrong on all points and

the Brits just told the moochers to Shove Off!

and good for them.


sw


There is a proverb in my language, not very snappy in English but:
"even the [more]

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Boards Post

knighttof3 posted to the Value Hounds board. 2:35 PM

OT: an ode to UNB

This little engine that could has been on fire lately.
Up today while everyone else is down big.
Definitely getting overvalued, but I am just surprised to see any green today.

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Boards Post

knighttof3 replied to the Index Funds board. 2:33 PM

Re: VTI - 3660 stocks, median 53B?

- but using market cap.
Even then it is impossible, as noted in my OP.

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Boards Post

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

Re: FKA: GBP

Socialism is a world wide failure.

This is not a political board and I am hesitant to talk about any "-isms" because one word can encompass so many flavors, some good and some terrible.
There are a few [more]

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:25 PM

Re: OT: buying opps

There is no way in Hell I will buy Barclays or any European bank. They are overpaid buffoons. The banks are too big, make no money and get constant bailouts. For example, German banks lent money to Greeks, which then got repaid by German taxpayers. [more]

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Boards Post

knighttof3 replied to the Index Funds board. 12:16 PM

Re: VTI - 3660 stocks, median 53B?

OCD Correction:
there aren't 1830 companies with a market cap greater than 53.6B
...But I am not paid to pay attention to detail (and apparently neither is Vanguard :-))

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Boards Post

knighttof3 posted to the Index Funds board. 12:14 PM

VTI - 3660 stocks, median 53B?

This is one of the largest stock ETFs in the world, apparently run by math illiterates.
It holds 3660 stocks, yet they list the median market cap as $53B. I am very sure there aren't 1830 companies with a market cap 53.6B.
If it is an [more]

Thu Jun 23

NL

Boards Post

knighttof3 posted to the Falling Knives board. 11:59 PM

FKA: GBP

Almost -13% vs USD, -6% vs Euro (itself -4+% vs USD.)
To listen to Fox/Sky TV, the faceless Brussels bureaucrats have managed to lose face. Poor guys.

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Big red star, 1000 posts
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