the Wolf of Wall Street, my gfriend was a stock broker from 1987 to 1992 , 3 years at small cap firms, 2 years at honorable top 10 firms, so it was fun for both of us since she knows the business and the time period, not
just me. Dicaprio was brilliant not as over the top as non players in the space might believe. I would have liked
a bit more stock market story line, a bit less excessive lifestyle , but it was crazy back then so that was a big part of the justification for the greed and stealing. I would have liked to see a few dog and pony presentations , shows etc, it was off the hook. In fact many small cap brokers felt they were stealing it before Merrill brokers churned the money from retail, so it was just a matter of which brokers got the money over what time frame in their mindset. Sorkin TRIED to give his review this morning but the CNBC MORON, joe moron kernen would not allow Sorkin to speak, as the the idiot MORON continues to try to make his point that THOSE brokers, the brokers at THOSE small cap firms, were at, bucket shops, unlike the HONORABLE brokers he worked with at the honorable firms that almost broke the nation, what a PATHETIC hopeless moron. HOW can unemployment be above 3 % when that idiot has a job, how ?? I have to turn off the sound while I wait for Faber or Rick to speak, or certain quality guests to appear. Anyway, well worth the time, a fun 2 1/2 hours.
morning, bro, these small cap firms took tens of millions a few made a few 100 million, small change, a rounding error compared to what kernens gang banging pals on wall street over charge , bad IPOs,CDS, and swindle annually in the aggregate. joe should move to that DUCK show, he may add value over there. joe gives cramer credibility !! THATS not easy.
hey, don't question joe, aka, the MORON kernen. too big too fail was all about blinder robinson,blair, otc net, and first jersey. Honorable joe would never work in those, bucket shops. if joe would let sorkin speak for 5 truckin minutes we might hear what sorkin has to say ? they may to give joe the day off for others to opine ?
lets try this,
Gold is marketed through a combination of fear and dishonesty. (As opposed to various equity products, which are marketed through a combination of hope and dishonesty).
I asked you to opine on the most critical issues facing our nations future and you did. You upset 90 % of your party but you gave us the facts and the truth on climate change, the pipeline, the min wage debate , our nations debt , etc very well done, thank you. I look forward to fool Krugmans next article titled , Warren Buffett goes insane , Buffett doesn’t have an advanced degree from Harvard, what can that silly old man know about these issues , I, KRUGMAN went to HARVARD ,aka, an expert on EVERYTHING learned from his experience in the classroom, no ? This year you made it VERY CLEAR, brks IV greatly exceeds BV, and BV understates brkbs true value, unlike prior years which resulted in months of debate about your opinion of brks IV. You said you understood that brk can spin out 20 % of our major holdings like Geico to discover how much BV understates brks true value, but that you like owning 100 % of the brk jewels , I respect that position. You are comfortable selling off your life’s work between 1.25 and 1.5 xs book because you want the buyers to get great value, I hear you, that’s what makes you unique, and the man that you are. Most other majority shareholders , LIKE ME, would try to maximize the proceeds for his foundations , you aren’t wired that way, so far, your way seems to have worked out ok for you and patient brkb partners, lol. If it takes 8-10 years to see 200 bid, I’m in no rush if you aren’t ! In fact at 200 bid, dinner on me in Vegas, no danSIN girls, unless you insist , what happens in vegas between brk partners and their quests , stays in vegas ! The best news of all, I hear you and I get you, no more complaining from me, stay well, keep up the good work, and I would still vote for a 50k cash bonus for 2013 , sorry no options you know the culture, YOU EARNED IT !!
200 or BUST !!
madrassa HAVE to be Thinking, after trailing the spy for 5 years by 5 % a year, uncle warren is STILL touting spy over brkb ? At some point should our BODs step in and help the guy out, buy him a condo in FL and let him so out with dignity and respect ? it's very sad to watch this year after year ? uncle call me, I'm the only one you can trust to chat with you mano e mano. be well.
to test them .
Management of the average company in the spy takes about 2 % of stockholders equity via option grants, generous pay packages etc, EVERY YEAR FOREVER, Buffett and Munger have unselfishly managed brk for FREE for 40 years. WHY does buffett love low cost vanguard funds yet he never makes the compelling case for LOW COST BRK over high cost spy ? Why am I making an investing mistake by leaving my kids brk over spy ? Thank you,hc.
everyone knows the teachings in the brkville madrassa , THY div and huge buyback HATH really intend to complete is an admission their growth days are behind them, they ran out of opportunities and ideas, would pressure me to find other ways to pay the 300$$ a month rent on my Clayton Double Wide, YYYY did aapl do this to us ? didn't aapl's BODs read the brkville madrassa manual ? read the experts in foolsville, don't they get it ?? YYYYYYYYYYY not ? uncle warren worked FREE for 30 plus years and then agreed to give away his life's work 20-30 % to cheap, go figure ? YYYYY, and AAAAAAAAAAmen.
morning brky, if you get a chance ask dad if he is rethinking it bro, the manual can be amended, just like a buyback filing can be amended, thanks old bud.
of course we all know which, idiot degenerate head case raised this issue long ago, ucmtsu,no way.
good read for buffett fans.
can 90 % of our public companies in the spy be WRONG ? will uncle warren amend the brkville madrassa manual in 2014 and SHOCK the loyal children of the madrassa ? stay tuned.
btw, if this post doesn't get AT LEAST 15 thumbs down, i'll be heart broken. ucmtsu,no way.
wall st j.
jad, the interesting fact is that no one ever mentions the critical issue for the past 5- 7 years OR the massive risk going forward, its truly amazing. there is so little THOUGHT or understanding its off the hook crazy. lets see if buffett invites someone to the annual this year who understands finance 101 and can raise the serious issues. foolsville , where the smart brkheads hang out, a perfect name for the children of the brkville madrassa.
they go off topic, every time !! I wonder YYY ??
I hope they didn't overdo it ? just say no fellas I miss the love !
for uncle warren.
+++ My money, I should add, is where my mouth is: What I advise here is essentially identical to certain instructions I've laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife's benefit. (I have to use cash for individual bequests, because all of my Berkshire Hathaway (BRKA) shares will be fully distributed to certain philanthropic organizations over the 10 years following the closing of my estate.) My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's. (VFINX)) I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions, or individuals -- who employ high-fee managers.++