mungofitch’s Activity

Yesterday

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Boards Post

mungofitch replied to the Berkshire Hathaway board. 7:11 PM

Re: Berkshire Boost From Trump Tax Plan.....

I don't understand why you are seeing it this way.
If the US govt decides you owe them less taxes, then you really have become more valuable, it seems to me.
This is also true of most other US companies, but not foreign companies,
[more]

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mungofitch replied to the Berkshire Hathaway board. 4:10 AM

Re: Berkshire Boost From Trump Tax Plan.....

If you change the accounting rules determining book value,
you also change the practical meaning of book value.

It could also be phrased as
"New tax plan will increase the price/book value ratio BRK shares have to reach to [more]

Sun Dec 4

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Boards Post

mungofitch replied to the Berkshire Hathaway board. 6:57 PM

Re: BRK- Be Open to The Possibilities

Maybe, just maybe, we'll really see things go back to the valuation of years ago when the stock traded at higher multiples of book.

It could happen, but it seems something one should not count on.
The market is sometimes a [more]

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mungofitch replied to the Berkshire Hathaway board. 6:43 PM

Re: Way, way OT: bank recommendation

What about moving the money to a Santander or HSBC account in the US and then transfer it to a similarly banked account in France?

You can't transfer money between accounts at the same financial institution from different
[more]

Sat Dec 3

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mungofitch replied to the Berkshire Hathaway board. 11:36 AM

Re: Nevada Voted to Break-up NV Energy Monopoly

My take on TSLA is that will either go bankrupt or become a 300B company by 2026.

My contrarian thought is that, contrary to popular analysis, I think they're a car company. (shock!)
A logical baseline assumption would then [more]

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mungofitch replied to the Mechanical Investing board. 11:15 AM

Re: Screen to populate value watchlist

This is a really interesting subject.
As a first step, might I suggest listing a buch of companies that,
had they been picked 10-15 years ago, would have been perfect picks.
Eliminate those which have done well mainly for stock for [more]

Fri Dec 2

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Boards Post

mungofitch replied to the Mechanical Investing board. 10:28 AM

Re: A brand new idea

2. Top 50% of stocks by 63-day average daily dollar volume.

I'm pretty sure this step renders the result pretty devoid of any meaningful conclusion.
In the early part of the history, that cutoff starts only a coupla hundred [more]

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mungofitch replied to the Berkshire Hathaway board. 3:40 AM

Re: Nevada Voted to Break-up NV Energy Monopoly

Though I'm sure Berkshire management has better comments, until then I wouldn't worry overmuch.
Remember that it's already a regulated utility.
Prices are set by caps on returns on assets, not monoply pricing power.
That [more]

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mungofitch replied to the Mechanical Investing board. 3:31 AM

Re: A brand new idea

I began building a screen for Low Liquidity, but can't figure out how to reference share volume for an annual or quarterly turnover calculation.

What is the status of the volume fields, such as gvol and av63.a?


Best is [more]

Thu Dec 1

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

Re: Jack Bogle interview

Isn't there 960 (or 958) stocks with dividend yields > 1%? Therefore, wouldn't 6% be approx 58...not 90?

Well, I think my count was correct when I posted it.
Two possibilities:
First, I could have mistyped. [more]

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Boards Post

mungofitch replied to the Berkshire Hathaway board. 6:28 AM

Re: Way, way OT: bank recommendation

PS - Why can't her attorney use his (presumably US) office address?

Well, my assumption is that that would be illegal.
The bank wouldn't let you do it...it has to be your legal domicile, in my experience.
I'm [more]

Wed Nov 30

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mungofitch replied to the Berkshire Hathaway board. 9:17 AM

Re: Way, way OT: bank recommendation

Where is the money sitting now? Is it in an account accessible to
(operatable by if that's a word) a US-based person? If yes, that
person can send her 20 $5000 checks from that account, one per month,
for example. sufficiently
[more]

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mungofitch replied to the Berkshire Hathaway board. 9:06 AM

Re: Way, way OT: bank recommendation

Has she tried multi-currency bank account in France? Does it allow US check deposit?

No multicurrency accounts available that I know of in France, though possibly at a wealth management bank.
(They no longer take your calls for [more]

Mon Nov 28

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Boards Post

mungofitch replied to the Falling Knives board. 3:31 PM

Re: FKA: DEO

Interesting to note that it's up, not down, from the lows in January and June...measured in euros.

Given their large non-US revenues, dollar earnings will fall as the US dollar riss.

I find it interesting to note the apparent [more]

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Boards Post

mungofitch replied to the Berkshire Hathaway board. 3:23 PM

Re: Jack Bogle interview

Excellent point. Another way of saying the same thing: Let us assume that the total market returns M%, and consists of index investors who get I% and active investors who get A%, so M% is some weighted average of I% and A%.
Now index investors
[more]

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mungofitch replied to the Berkshire Hathaway board. 5:08 AM

Re: Way, way OT: bank recommendation

I would try paypal. I've never done it but it looks possible.
Transfer cash from the bank to the paypal wallet and then from paypal wallet to a bank in France. Says the fees are 0.5%.


This is the sort of thing that is much [more]

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Boards Post

mungofitch replied to the Mechanical Investing board. 2:47 AM

Re: A brand new idea

Aren't I the foolish one. I asked where the link is, and I was the one who provided the link two years ago.

I dunno.
It goes well with the idea of my following a two year old thread called "brand new [more]

Sun Nov 27

NL

Boards Post

mungofitch replied to the Brookfield Asset Management board. 4:14 PM

Re: BBU

I sold my BBU when the ratio went over .77 today - I just wish I had bought a bit more.

I haven't sold mine yet.
But I never owned much, so (even assuming holding has been the correct choice) it's not much of a [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 10:55 AM

Re: Way, way OT: bank recommendation

Thanks for the thoughts so far.

The things like cash machine withdrawals are probably not so good.
There will generally be a 3% loss on each one from foreign exchange margin,
plus a fee for each transaction, which would add up to [more]

Sat Nov 26

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 3:39 PM

Re: Jack Bogle interview

A bullish market may allow firms to raise more money for less equity, some iffy issues could get financed but the market price doesn't dictate the capital allocation.

Don't those two statements contradict each other pretty [more]

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