rclosch

Richard Losch

rclosch’s Activity

Thu Dec 7

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 11:28 PM

Re: Bitcoin

Laughing at Buffett's quote now a couple years back, "don't worry though, I won't be putting any of our reserves in bitcoin."

Old geezer misses all the great returns.


I have some rally nice tulip bulbs [more]

Wed Dec 6

NL

Boards Post

rclosch posted to the Berkshire Hathaway board. 12:13 AM

OT: 2030

The trend to passive investing (investing in an index funds or ETFs based on an index such as the S&P 500) has accelerated dramatically in the last few years. Last year, American investors plowed a record $504.8 billion into passive funds, while [more]

Fri Nov 24

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Boards Post

rclosch replied to the Berkshire Hathaway board. 2:35 PM

Re: Stock Picking Getting Harder

Information is everywhere, too. You can't beat insiders. They know it all. We little guy stock pickers cannot beat the next echelon behind insiders, the money manager stock pickers who know nearly all there is to know about particular [more]

Sun Nov 19

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Boards Post

rclosch replied to the Berkshire Hathaway board. 5:06 PM

Re: Insufficient Fear

And, FWIW, I was just re-watching the 2017 Berkshire annual meeting, and Buffett seems convinced that more favorable (cheaper) market conditions are likely sooner than later.

I certainly do not disagree. I would guess that we are due [more]

Fri Nov 17

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Boards Post

rclosch posted to the Berkshire Hathaway board. 1:20 AM

Insufficient Fear

commoncents33 says.

Actually, what the data says is that any time the market gets in this range of valuation, an enormous market crash follows within a short period of time. That is what the data/history says. Full stop.

I am [more]

Sat Nov 11

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 10:18 PM

Re: How to invest when you have enough in retire

Increasing the bond position reduces income but reduces risk.

No, it does not reduce risk. It may reduce volatility. But merely changes Credit Risk for Inflation Risk.

In the real world of today with our historically low [more]

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Boards Post

rclosch replied to the Berkshire Hathaway board. 10:02 PM

Re: How to invest when you have enough in retire

Sorry wrong symbol. Tencent should be TCTZF or TCFHY not TCTFY.

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 9:54 PM

Re: How to invest when you have enough in retire

My usual basic advice for reasonably wealthy retiring people is half and half Berkshire and RSP.

Good advice, but how about 5% of total portfolio invested equally In BABA, TCTFY, and BIDU as a hedge against the risk that growth in [more]

Wed Oct 18

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 6:27 PM

Re: Let's spend some money

Maybe not.

In The narrow-body market (737, A320) GE competes with P&W thought CFM, its 50-50 joint venture with Snecma of France CFM (by far the dominate player) in narrow bodies with 62% of all engines in the active fleet,
[more]

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rclosch replied to the Berkshire Hathaway board. 12:03 PM

Re: Let's spend some money

When I used to take airplanes, did I ever check who made the engines? My travel agent would never know. Would the ticket seller at the airline ever know?

You do not sell engines to passengers, you sell them to airlines. As for [more]

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Boards Post

rclosch replied to the Berkshire Hathaway board. 12:31 AM

Re: Let's spend some money

It's about as ugly as I've seen. Why would you want to participate at that...for almost any price??

25% of the companies revenue, and almost 50% of the profit is from the jet engine business this is nice business with a very [more]

Tue Sep 19

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 12:14 PM

Re: OT CBI Heating up

The rumour seems to be without a source, but FWIW it mentions a price of $25.50.

With 150 Million shares traded since the stock bottom (1.5 times total outstanding). Someone 9if Interested) could have bought control for about for [more]

Tue Aug 29

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 1:32 PM

Re: OT CBI and Harvey

Could you provide a link to the plants being underwater? I have not seen anything in the news. </>

Very little hard news except that several Refiners have announced that they are closed down and under water.

I saw on the
[more]

Mon Aug 28

NL

Boards Post

rclosch posted to the Berkshire Hathaway board. 11:58 PM

OT CBI and Harvey

There is currently something in excess of $200 billion in refineries, petrochemical, and LNG facilities (the stuff that CBI builds) currently underwater in Texas and Louisiana. There is no experience with this kind of water damage to this equipment [more]

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rclosch replied to the GGS: Chicago Bridge & Iron board. 11:30 PM

Re: 12% upwards move today

Is that it? Is the stock's burst upwards just because it is starting to look like they may remain a viable business?

There are currently something in excess of $200 billion in refineries, petrochemical, and LNG facilities (the [more]

Fri Aug 11

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 1:08 AM

Re: Mr. Market Says

Thus Tech's share of intrinsic value is perhaps very much higher than its percentage of trailing operating earnings. As an extreme view, the firm might be worth only half as much without the Technology division in terms of future owner [more]

Thu Aug 10

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Boards Post

rclosch posted to the Berkshire Hathaway board. 12:08 PM

Mr. Market Says

Mr. Market says that CBI is worth $1.1 Billion. Yet management thinks they can sell tech for $2 billion. Tech for the last 3 years has generated somewhere between 4% and 8%. Of CBI’s total revenue. In 2014 the last year wit out big adjustments the [more]

Wed Jun 21

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Boards Post

rclosch posted to the Berkshire Hathaway board. 2:36 PM

Lubrizol

Lubrizol was the cover story for the June 12 Issue of “Chemical Week a trade magazine for the chemical business. The CEO was positive about the Berkshire acquisition.

”The company has made more than a dozen acquisitions since the deal [more]

Thu Jun 8

NL

Boards Post

rclosch replied to the Berkshire Hathaway board. 9:09 PM

Re: Active vs Passive

Popularity of passive and active investing have been cyclic in the past (see fig. 2 in the link below). When will this cyclic pattern re-emerge, or are we at a permanently high plateau?

[more]

Wed Jun 7

NL

Boards Post

rclosch posted to the Berkshire Hathaway board. 4:43 PM

The Fiduciary Rule

In discussing the quality of investment advice available today. I not mean to support the wide spread bad behavior in the investment community. I can see how there is enough abusive practice that it leads people disrespect of financial advisors. A [more]

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Score 0.00
Score Change Today -1.67
Accuracy 0.00%
Active Picks 0
Total Picks 10
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Average Score per Pick 9.91
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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1265
Recs Received 16121
People who have rec'd these posts 1872
Recs to Posts Ratio (last 30 days) N/A
Threads Started 540
Threads Started Percentage 42.69 %
Most Frequent Board Berkshire Hathaway
Very First Post Re: 4% Annual Return (11/8/1999)
Percentage of Posts Rec'd 82.85 %
Show rclosch’s 10 Latest Posts