knighttof3’s Activity

Fri Apr 24

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 11:16 AM

Re: OT-HOG

with zero top-line growth over a decade's time, that's just not worth the price of admission.

It's all in the starting point. If you look at the post-apocalypse period (2009 onwards), revenue and earnings at HOG, like most consumer [more]

Wed Apr 22

NL

Boards Post

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

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.

The God said to his wife, [more]

Tue Apr 21

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 8:34 PM

Re: OT: HFT is still evil

But gullible... when dumb algorithms see a lot of sale orders, they panic and drive prices down, enabling manipulators like Mr Sarao.
[more]

Sat Apr 18

NL

Boards Post

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

Mustard (mostly peanuts)

Heinz going after French's for the great mustard showdown - a small market worth $400M. Maybe they will expand into relish and pickles.

[more]

Fri Apr 17

NL

Boards Post

knighttof3 posted to the Berkshire Hathaway board. 7:37 PM

OT: HFT is still evil

Say Mr Lewis. http://www.vanityfair.com/news/2015/03/michael-lewis-flash-b...

Well, he quotes Munger as saying that HFT traders are like rats in a [more]

Thu Apr 16

NL

Boards Post

knighttof3 replied to the Last RoundUp board. 2:22 PM

Re: Cheap stocks or earnings growth

Oh, yes you are trying to time the market. Of course.

Err - I prefer the term "valuation appropriate action." Not ready to come out of the closet and admit that the general high level of the market has caused me to [more]

NL

Boards Post

knighttof3 replied to the Last RoundUp board. 2:19 PM

Re: Cheap stocks or earnings growth

It's not an either-or. ideally it's the IV of each individual stock compared to its current stock price. Having said that, computing IV is easier said than done.

My rough methodology is -
- Don't predict the future, don't assume [more]

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 12:11 PM

Re: Mutual Funds

The more diversified you are the less you know what the heck you own. Not knowing what you really own seems riskier than owning one or two good solid companies. [more]

Wed Apr 15

NL

Boards Post

knighttof3 replied to the Value Hounds board. 8:30 PM

Re: Life is short. Have an affair.

Whoops wrong board ... seriously.... maybe not?


Tim


Are you cheating on MeTaR with Value Hounds? For shame, sir.

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 4:42 PM

Re: Mutual Funds

The more diversified you are the less you know what the heck you own. Not knowing what you really own seems riskier than owning one or two good solid companies.

Diversification is less risky because you can't identify one or two [more]

NL

Boards Post

knighttof3 replied to the Political Asylum board. 1:41 PM

Re: Democrats as presidents

"I will never vote for Hillary because I don't like her personality. ..."

Pat yourself on the back then then when Ted Cruz (or even a lesser Republican evil) is looking to fill the next SCOTUS vacancies.


I didn't [more]

NL

Boards Post

knighttof3 replied to the Political Asylum board. 1:40 PM

Re: Democrats as presidents

The economy is cyclical and presidents have very little control over it.

So your explanation of Republican recessions is... coincidence? Or that people elect Democrats because they can accurately foretell that there will be no [more]

NL

Boards Post

knighttof3 posted to the Political Asylum board. 12:47 PM

Democrats as presidents

I will never vote for Hillary because I don't like her personality.
But if some other Democrat should be nominated, I will keep in mind that -

- Eight of the last nine recessions have been under Republican presidents

- [more]

NL

Boards Post

knighttof3 replied to the Humor and Urban Legends board. 12:27 PM

Re: Monica wishes Hilary luck

Hillary won't blow it. She sucks.

On the plus side, she will give any Democrat candidate a good licking, especially the women. She is a dominating presence. She would whip them into shape. On the minus side, she rides her staff too hard. [more]

Tue Apr 14

NL

Boards Post

knighttof3 posted to the Last RoundUp board. 8:39 PM

Indiscriminate selling

Notwithstanding "don't just do something, sit on your ass" as proposed by Munger and hinted at by Graham, I got a little jittery today and sold about 12% of my all-stock portfolio.
Now I am close to Buffett's recommendation of 90% [more]

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 8:14 PM

Re: Why BRK?


Subsequent events did not proceed necessarily to the advantage of the Bogle afficionados, nor will they this time.

Jim
(phrasing respectfully cribbed from Emperor Hirohito)


:-)

"Respectfully" [more]

Mon Apr 13

NL

Boards Post

knighttof3 replied to the Humor and Urban Legends board. 5:38 PM

Re: Five Great Sentances

The real class war is not between the rich and the poor, it's between those who work hard and contribute to the society vs those who grab and mooch. The latter is hardly limited to the welfare recipients and illegal aliens - much of it is corporate [more]

NL

Boards Post

knighttof3 replied to the Humor and Urban Legends board. 12:28 PM

Re: AverageJoe's 707th CaptionChallenge

My deer friends, don't trust a tramp to shelter you - you just turned yourselves into juicy targets for any nearby predators.

Sun Apr 12

NL

Boards Post

knighttof3 replied to the Berkshire Hathaway board. 10:09 PM

Re: The Buffett Loophole

All reader submissions should be that thought provoking.

Maybe. A cursory glance at the law (https://www.law.cornell.edu/uscode/text/26/531 and [more]

Wed Apr 8

NL

Boards Post

knighttof3 replied to the An Open Letter board. 5:37 PM

Re: An open letter

-n8 (new handle is due to a change in TMF newsletter services' "Ticker Guide" program... there are a few dozen folks getting new names around now)

Oh. Not a variant of CFNM then. Bummer.

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Big red star, 1000 posts
Board Posts 3335
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