knighttof3’s Activity

Yesterday

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Boards Post

knighttof3 replied to the Value Hounds board. 6:08 PM

Re: AIG vs. The Fed et al

The goal was not to save AIG. The goal was to save the world from AIG

They misspelt Goldman Sachs.

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Boards Post

knighttof3 replied to the An Open Letter board. 5:40 PM

Re: An Open Letter

So with all the mess in your life, what the EFF are you doing buying a brand-new car? (Kia Forte - starting price $15,000)

To quote the immortal Adam Sandler song, maybe she got tired of her POS car?
Pretty much anywhere in US [more]

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knighttof3 replied to the Deranged Monkey Criticism board. 5:34 PM

Re: OAK to benefit from Gross leaving PIMCO

BTW didn't mean to tread on sensitivities when I mouthed off about the CalPERS personnel. A few bad apples and all that.
However, I do think that MAP-21 pension "reform" was a bit of a dodgy piece of legislation.

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Boards Post

knighttof3 replied to the Deranged Monkey Criticism board. 3:24 PM

Re: OAK to benefit from Gross leaving PIMCO

I don't think it's a question of making things up. ...
This is not easy stuff.


It was somewhat tongue-in-cheek. However, it is also a matter of incentives. CalPERS board members make the same amount of money whether or not the [more]

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knighttof3 replied to the Deranged Monkey Criticism board. 1:45 PM

Re: OAK to benefit from Gross leaving PIMCO

There's a movement toward LDI (liability-driven investing) because no one wants "funded ratio volatility" to cause a (perhaps temporary) mismatch between pension assets and liabilities.

FWIW, Mungo had a great deal of [more]

Sun Sep 28

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knighttof3 replied to the Humor and Urban Legends board. 3:01 PM

Re: Late January 2017

All I am saying is, ignoring the latent racism in Obamashining Palin's shoes; there isn't really much difference between "57 states" and "1400 Pennsylvania Avenue."

(Here, I found your sarcasm tag, AJ, just had to borrow [more]

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knighttof3 replied to the Berkshire Hathaway board. 2:25 PM

Re: OT: Mungo's pic of the day

Div20,
quick-and-dirty screen: there are 148 companies in the S&P with P/E > 25. Take away 16 REITs, that leaves 132. Take away the ones that might have indulged in "big bath" accounting and have a temporarily depressed P/E by [more]

Sat Sep 27

Thu Sep 25

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Boards Post

knighttof3 replied to the Berkshire Hathaway board. 6:42 PM

Re: Wintergreen dumps Berkshire?

I think Winters has made some quite good decisions, as in having held JMHLY as his biggest position while they outperformed BRK and the rest handily under the Keswick's.( And has now cut the position way back.)

Speaking of Jardine [more]

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knighttof3 replied to the Berkshire Hathaway board. 5:36 PM

Re: OT: Mungo's pic of the day

Nice graph! Peaks in 2000-2001, 2007-2008 and probably 2014-2015.


Financials are excluded because they don't have a clear meaning for "sales",

You have said that a few times, and it's true, but they do have [more]

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knighttof3 replied to the Berkshire Hathaway board. 3:12 PM

Re: OT: floating rate bond funds

Thanks much!
Found a primer here: https://pressroom.vanguard.com/content/commentary/A_primer_o...

Random thoughts:
After [more]

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Boards Post

knighttof3 replied to the Conservative Fools board. 1:43 PM

Re: No pussyfooting in Israel.

And when the Israelis drop a bomb on a rocket-launch site that is on the roof of a school... you don't blame the people who put a rocket-launch site on the roof of a school (a WAR CRIME), you blame the people who dropped a bomb on it (a [more]

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knighttof3 replied to the Deranged Monkey Criticism board. 12:58 PM

Re: VL Review - Issue 6 stalwarts

Remind me again what were Rev and EPS when he took over vs when he left?

You are right that the revenue and EPS doubled, but I submit that was not because of Nardelli, but rather in spite of him.
First, that a-hat brought the [more]

Wed Sep 24

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knighttof3 replied to the Berkshire Hathaway board. 8:03 PM

Re: OT: floating rate bond funds

Forgot to mention, I am also attracted to these because the primary risk seems to be default, not interest rate risk. That is, as long as the company does not go bust, the bond or bond fund won't go down in price just because interest rates climb. It [more]

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knighttof3 posted to the Berkshire Hathaway board. 8:01 PM

OT: floating rate bond funds

I have no experience investing in floaters or floating rate bond funds, so any insights will be appreciated.
Do I understand right that they mostly invest in short-term floating rate bank loans or junk bonds which low-rated debts; and compensate [more]

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knighttof3 replied to the Deranged Monkey Criticism board. 5:15 PM

Re: VL Review - Issue 6 stalwarts

HD and LOW are cyclical, not like the others. You can catch them at the next downturn (or G-d forbid, if someone like Nardelli becomes the CEO.)

Paying 23.4x for WD-40 is ridiculous. It is a low-growth cash cow.

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Boards Post

knighttof3 replied to the Conservative Fools board. 4:09 PM

Re: No pussyfooting in Israel.

Danon added, “50 days of fighting, 64 fallen soldiers and five murdered civilians..."

That "murdered civilians" count is understated.
Wait, I forgot, Palestinian schoolkids don't count.
OK, carry on.

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Boards Post

knighttof3 replied to the Retire Early Liberal Edition board. 12:24 PM

Re: Trolls are jerks

Scientifically proven:

...

Seriously, trolls really are nasty people:


So far, so good.


It's interesting that they also seem to be republicans.


Really? The linked articles say nothing [more]

Tue Sep 23

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Boards Post

knighttof3 replied to the An Open Letter board. 1:43 PM

Re: An Open Letter

Not really. He's mentioned it several times since June.

LWW


One swallow (even if followed by several gulps) does not a rule make.

"Happy people do not become morbidly obese. Unhappy people often use food to [more]

Mon Sep 22

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Boards Post

knighttof3 replied to the An Open Letter board. 8:50 PM

Re: An Open Letter

Happy people do not become morbidly obese. Unhappy people often use food to fill a void in their lives. So while I understand that you thought your marriage was in great shape, perhaps it was just that your husband was burying things deeper with each [more]

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