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Author Topic: Investing Thread  (Read 277138 times)

Hards Alumni

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Re: Investing Thread
« Reply #3575 on: February 23, 2024, 01:11:11 PM »
Bubbly may be the right word for this market.  Today's intra-day high of 5111.06 represents a year to date gain of 7.15%.  Less than two months into the year and the gains keep rolling in at a fast pace.  Bubbly, frothy, whatever you call it ......

rabid... sure to bite someone.  8-)

MU82

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Re: Investing Thread
« Reply #3576 on: February 25, 2024, 08:53:45 AM »
Warren Buffett released his annual letter to investors yesterday. As expected, it included a tribute to his longtime business partner, Charlie Munger, who recently died.

It also include a few interesting passages about the market.

"For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young."

"Today’s active participants are neither more emotionally stable nor better taught than when I was in school."

"Never risk permanent loss of capital. Thanks to the American tailwind and the power of compound interest, the arena in which we operate has been – and will be – rewarding if you make a couple of good decisions during a lifetime and avoid serious mistakes."

I know that some say the investing world has passed the 93-year-old Buffett by. And I certainly am no expert on either Buffett or Berkshire Hathaway, a stock I wish I owned but I don't.

But I am able to look at a YChart just like anybody else, and I see that BRK.B has beaten SPY over the last 3 months, 6 months, year, 3 years, 5 years and 10 years ... and it has done so with far less volatility.

So either Buffett is still doing something right, or the people he chose to make Berkshire's decisions are doing something right (which, by extension, means Buffett did something right in choosing the right people).
“It’s not how white men fight.” - Tucker Carlson

TSmith34, Inc.

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Re: Investing Thread
« Reply #3577 on: February 25, 2024, 09:53:02 AM »
"Never risk permanent loss of capital. Thanks to the American tailwind and the power of compound interest, the arena in which we operate has been – and will be – rewarding if you make a couple of good decisions during a lifetime and avoid serious mistakes."
I wish he had unnatural carnal knowledgeing told me this sooner. That's advice I should have/could have used.

I know that some say the investing world has passed the 93-year-old Buffett by. And I certainly am no expert on either Buffett or Berkshire Hathaway, a stock I wish I owned but I don't.

But I am able to look at a YChart just like anybody else, and I see that BRK.B has beaten SPY over the last 3 months, 6 months, year, 3 years, 5 years and 10 years ... and it has done so with far less volatility.
Shhhhhh, don't tell Douchey.

I bought BRK.B in 2005. After pretty much ignoring it since, I actually added to it last year for the first time since then. I was a little surprised to see that today, after rising 17% YTD, it's grown into my largest individual holding.

It's a get rich slow play for sure. There are certainly faster ways if you pick right; I have AAPL, AMZN, GOOGL, and others, but I wasn't smart enough to catch them early.

The other one I have that is similar to BRKB from a performance standpoint for me is KKR. Bought that one in 2014, ignored it other than adding a small amount in 2022, and am now sitting on a CAGR of 16.9%

If you think for one second that I am comparing the USA to China you have bumped your hard.

The Sultan of Semantics

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Re: Investing Thread
« Reply #3578 on: February 25, 2024, 10:14:40 AM »
Kinda think Heisey’s been barred from the Superbar
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

MU82

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Re: Investing Thread
« Reply #3579 on: February 25, 2024, 03:11:03 PM »
I bought BRK.B in 2005. After pretty much ignoring it since, I actually added to it last year for the first time since then. I was a little surprised to see that today, after rising 17% YTD, it's grown into my largest individual holding.

It's a get rich slow play for sure. There are certainly faster ways if you pick right; I have AAPL, AMZN, GOOGL, and others, but I wasn't smart enough to catch them early.

The other one I have that is similar to BRKB from a performance standpoint for me is KKR. Bought that one in 2014, ignored it other than adding a small amount in 2022, and am now sitting on a CAGR of 16.9%

Nicely done with BRK.B. I considered it several times and always talked myself out of it because it was "too expensive." I probably should just start buying a couple/few shares a month and let it do what it's done for you.
“It’s not how white men fight.” - Tucker Carlson

rocket surgeon

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Re: Investing Thread
« Reply #3580 on: February 25, 2024, 07:12:50 PM »
Kinda think Heisey’s been barred from the Superbar

 can you get a partial ban hammer?
don't...don't don't don't don't

Skatastrophy

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Re: Investing Thread
« Reply #3581 on: Today at 02:27:14 AM »
Nicely done with BRK.B. I considered it several times and always talked myself out of it because it was "too expensive." I probably should just start buying a couple/few shares a month and let it do what it's done for you.

I made the trek to Omaha once for the shareholder meeting with a buddy of mine. Should have bought BRK.B with the travel money instead of going. Still, going to a talkshow hosted by Buffett and Munger was a wonderful time.

 

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