mungofitch’s Activity

Yesterday

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 5:24 PM

Re: what's up with BRK?

"The multiple is 1.437 right now"
247120/178073 = 1,3877
It´s more like 1,3877 or am I missing something?


Pure typo, sorry.
I typed in the ratio for the post, *then* updated the current price in my [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 1:51 PM

Re: what's up with BRK?

BRK has been falling for a few months now. what is causing this pullback?

The real reason: prices fluctuate.

If you really want to over analyze, it was a big outperformer last year, so a period of underperformance isn't [more]

Tue May 23

NL

Boards Post

mungofitch replied to the Brookfield Asset Management board. 7:50 PM

Re: A Little Competition

A "little" competition indeed. BAM's market cap is only $13bn.

=========
~1B shares outstanding, price of $38, market cap of $38B.
=========
I was going to point this out too, but I figured Jim probably meant
[more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 7:39 PM

Re: Beating the market even harder than we thought.

This is really an article about how it's hard to beat "the market" owning a mutual fund, not how hard it is in general.

Beating the market isn't actually so hard.
Well, it's hard to be *sure* you will, but it's [more]

NL

Boards Post

mungofitch replied to the Mechanical Investing board. 2:59 PM

Re: vl, sipro, qqq and spy - my 19 year retrospect

General comments

There is one problem, in that all the statistics end around now.
Right now US stocks are, on some metrics, more expensive than ever before in history, as exemplified by the S&P 500.
For example, median [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 8:09 AM

Re: OT: Death By Amazon

I can think of examples demonstrating the for and against, but am not aware of any
systematic/rigorous study showing that this is the "most common" outcome.
Ease of recall bias and all that.


I'm pretty sure that [more]

Mon May 22

NL

Boards Post

mungofitch replied to the Brookfield Asset Management board. 7:09 PM

Re: A Little Competition

Blackstone anticipates that the program will have $40 billion in total equity commitments in a permanent capital vehicle...

A "little" competition indeed.
BAM's market cap is only $13bn.

But it's not an [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 7:04 PM

Re: OT: Death By Amazon

Are we all (at least non-AMZN owners) going to be saying the same thing in the years to come?
While AMZN has always seemed expensive, it just keeps on gobbling up a higher fraction of the economy. Where will it end?
In any case, it
[more]

Sat May 20

NL

Boards Post

mungofitch replied to the Mechanical Investing board. 1:00 PM

Re: Yahoo ichart API discontinued - confirmed

Yahoo is the only technology company that I can recall where I would actually be willing to pay money if their engineers would simply hit the "revert" button, and restore all settings to the way they were in 2010.

I dunno. [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 8:01 AM

Re: Coppock signal

The site hasn't been updated in awhile....not sure how to update it or if I can or if the site location changed?

I think (?) you can just download the sheet and update it yourself.
On the sheet labelled "old", just [more]

Thu May 18

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 3:02 PM

Re: OT Longleaf Partners to Close

In a taxable account an index fund would have left them behind by leaps and bounds.
...
No doubt. Those huge and unpredictable distributions are a real pain.


Sounds like a challenge! So I'll throw in a doubt. [more]

NL

Boards Post

mungofitch replied to the Mechanical Investing board. 2:40 PM

Re: Can't run your quant screen?

Occam's Razor says don't assume evil intent when simple incompetence provides a reasonable explanation.

That's my usual motto.
But it can be even simpler in this case.

They were giving away a lot of very [more]

NL

Boards Post

mungofitch replied to the Mechanical Investing board. 2:28 PM

Re: CBI Howgozit?

Well, the main observation is that it hasn't been a good pick. (yet, anyway) Don't listen to me!

In fact I didn't really expect much of a price rise till some of the clouds clear
and year on year earnings are rising. There [more]

Wed May 17

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 4:48 AM

Re: Equal Weighted Funds/ETFs?

There are quite a few other equal weight ETFs, but most of them are so low volume they trade by appointment.
Not that you need to trade a lot, but the low volume also signals a lack of interest, meaning they will probably close.

That [more]

Tue May 16

NL

Boards Post

mungofitch replied to the Falling Knives board. 4:29 PM

Re: FKA: CBI

Another leg down today for CBI, BTW.
Traded below $23.
...
Ok......added some shares to my call options @ 21.18
couldn't resist any longer.


Trading at $20.79 now.
It really is getting quite cheap.

I [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 4:27 PM

Re: WEB says BRK goes up upon his retirement- Do you

But I do have one tip, to buy BRK when I pass, it will be a good deal then.

In my memory this is usually clearly in the context of "IF the stock price drops...".
Maybe it will. If it does, then it will be a good time to [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 4:22 PM

Re: OT: Investing in Hot Stocks

1. Why is dividend yield multiplied by earnings yield as opposed to other ways of looking for a combination of high div yield and high earnings yield?

It's true that multiplying together makes no economic sense.
But, remember [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 3:51 PM

Re: OT Longleaf Partners to Close

Forget indexing versus active, these guys have a track record to examine. If they have actually underperformed
over the last 3, 5, 10 and 15 years, there is no basis for believing they will outperform going forward.


Though the [more]

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 11:13 AM

Re: OT: Investing in Hot Stocks

This is a pretty remarkable statement, especially with how prevalent market-cap weighting is today.
While it is intuitive (cap weighting forces the holders to buy on the way up and sell on the way down), it is still
[more]

Mon May 15

NL

Boards Post

mungofitch replied to the Berkshire Hathaway board. 1:07 PM

Re: Bubbles

"this time is different".
Sure is. A $4,000,000 holding in BRK can be dumped with a transaction cost of US$4.95...


Speaking of which, here's a fun little tidbit.

At the beginning of August 2007 I mentioned [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 74630
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 1
Highest Rated Favorite No Favorites Selected
Go to mungofitch’s CAPS page

Boards Stats & Trivia

Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool
Board Posts 18840
Recs Received 133823
People who have rec'd these posts 2530
Recs to Posts Ratio (last 30 days) 41.90
Threads Started 1618
Threads Started Percentage 8.59 %
Most Frequent Board Mechanical Investing
Very First Post Re: LiveCalc broken (10/25/2001)
Percentage of Posts Rec'd 86.00 %
Show mungofitch’s 10 Latest Posts