I don't think zero hedge has ever said to buy stocks. Gartman headline is pretty good. Those who invest invest. Those that trade trade. Gartman is neither. It is amazing he isn't pushing a shopping cart and living under a bridge. Nope. CNBC keeps him off the streets. Our streets are probably safer.
Women drivers are as good as men drivers according to the State of CA. If you cross the CA regulators on this one you will pay 12 million. Yeah right. That sounds fair. Looks like CA is starting to dig deep into pockets on anything they can come up with.
Just bought more BRK and sold BRK puts. Lowest price was 126 today. I will let WEB's team figure this out. I don't need to. BRK at 1.3 X book is usually not too bad. The puts put me in close to 1.2 X book (maybe a little higher after today's rout).
Any shareholders think they will get a better offer now? I would be fine with BRK backing out because I am a BRK owner. I think we paid too much.
Your a big guy calling someone on a message board a mouse. I am down on my BRK today. So what? I would rather own that than dollars over the long term. I don't need money in the short term. You gonna make a case for holding dollars to me? I didn't think so.
Feel bad for those who bailed. 2% with the government is just another way the gov't rips you off. Between the FED, the Treasury and the banks the little guy doesn't stand a chance. Bunch of crooks. All the intervention makes me angry for those who have worked their entire life just to have their pockets picked by the government. The banks are complicit because they help the gov't perpetutuate the fraud by helping to sell Treasuries at 2% or less. Blankfein "We are doing god's work." Well, I guess that is true if you think the government is your god --- which in the case of GS it certainly was (or GS would not be here today).
PCP was not the best timed investment by WEB but he had alot of those and still came out on top. This reminds me of 1987 although that was 5X more brutal than this Chinese water torture. 30 bil could go a long way right now. PCP will still return over 5% in a 2% world so that is pretty good.
Black Monday. I am buying if vix over 30. China down 8% tonight.
Half your pay now and the other half buys you pg stock that you can't sell for 5 years when issued. Not an option. Actual stock bought at fmv. Tired of lazy management.
check out the weekly BNSF reports. I don't understand how they continue to do so well. I get the grains and containers but carloads still up. UNP must be taking a whipping. I am just happy it is doing well and is more than 50% paid for already. Wonder if WEB would do PCP at this price after this last week. If PCP can just increase its margins a little bit WEB may be getting close to a 8 to 10 percent return on cash invested. Not too shabby.
What a difference a week makes. Maybe we paid too much but then again making blades for turbines is a little harder than making a dating or game app.