What's the most common final funding type when companies get acquired? Anyway, I was reading it and this whole section made me jump out of my seat as I immediately thought of quite a few people I would need to send this book to: I have already commented on the strange tendency of the supposedly forward-looking financial community so often to fail to recognize a changed set of circumstances until the new influence has been in existence for years. So there was only 2 weeks of really bad data included in 1Q. Zale Corporation acquired by Signet Jewelers, TechCrunch Startup Battlefield NY Disrupt 2016, Total number of organizations associated with this hub, Where the hub is headquartered (e.g. No public opinion had crystallized to assure that whenever business levels dipped sharply, the government would take strong countermeasures to stem the tide.

This ratio is on the far right of the below table labelled, "Liquid / float". Which companies in this hub have the most subsidiaries. Posted on April 20, 2015 | 2 comments.

If you add it all up, BRK is still fully exposed and is not as conservative as it seems if one were to look only at his listed equity portfolio and cash balance. Finally, the industrial base was much more narrow. There are many cultural reasons why management in Japan has been so inept over the years. And you can see that the stock has always been really cheap; single digit P/E's and trading at around BPS. This is just an approximation of float using the 2 or 3 items shown on the consolidated balance sheet so may not match what Buffett calls float, but it is close enough. So bonds are 'crashing' and stocks are going up. I don't think we have enough information to make our own estimate of what these things are worth. When you say you want to invest X in a certain sector, it makes management want to fulfill that regardless of the opportunity.

I remember noticing a while back in a photo or video of Buffett in his office that the. This is really crazy given what has happened since 2000 and particularly after 2007. There was no assurance it would be shored up by the government in times of real trouble -- a process bound to produce a massive dose of inflation. This investment really reminds me of his Korean stock trade a while back. Buffett is still referred to as a 'value' investor, and 'value' is still viewed as things with low P/E ratios and P/B ratios. We know from the 2008-2009 crisis that Buffett is not really a trader, so he is not going to be buying the lows on big down days, necessarily. Others say this is a big bubble waiting to implode. We know from the 2008-2009 crisis that Buffett is not really a trader, so he is not going to be buying the lows on big down days, necessarily. Why? Whenever you have big moves on those worries, as traders, it's actually probably a good idea to trade against it. Brooklyn ImmunoTherapeutics is focused on exploring the role that the human immune system can have in treating patients with cancer and immunologic diseases, both as a single agent and in combination with other therapies.
They are willing to take whatever risk is implied in that given yield. And let's look at the number of days in the past 100 days that the day's range exceeded 2%. We will add the cash, cash equivalents and stock portfolio and see how that breaks down. And there are a lot of them out there now. I think many of us who are familiar with the Japanese market were a bit surprised. Sure, there may be excess valuation in some large cap index stocks where index funds are 'forced' to buy regardless. Shiller said the other day that the market can go up 50% from here. This ratio is on the far right of the below table labelled, "Liquid / float". So just by the numbers, this makes total sense. Anyway, I still love Linux and have a Linux box sitting next to my main Windows 10 machine. You have to sort of look under the hood to see what's going on, but of course, that's too much work for most! The above problems usually manifested itself in low profits, low margins and low ROE in Japan, as businesses pursued market share at all costs, spent money building facilities for their employees, created companies where the main company can dump unnecessary workers etc. This is one reason, by the way, why I thought a lot of the criticism against the banks during the financial crisis was baloney; a lot of these clients knew what they were doing, knew the risk they were taking. If you think a deal is bad, why would you risk your own career and point it out? If we are going to evaluate something on a P/B basis, unless we are expecting liquidation, we have to look at how BPS has grown. The Brooklyn Investor Random Thoughts on Investing and Investment Ideas. There were some trading companies that were close to blowing up or had to merge because they were on the verge of bankruptcy, and given my first-hand observations, that was no surprise at all. No mystery here. He doesn't base investments on themes like inflation or economic views or views on foreign currency exchange rates. One thing people need to keep in mind about value investing is that the way the general press talks about it and the way investors talk about it are completely different. Japanese management is and has been improving over the past few years, but I can't say I would be completely comfortable with management there, particularly in the big companies. It's not just lower interest rates. I get it.

The commentators / pundits that survive a long time are masters at saying things that will make them look 'correct' in hindsight later on. Scary stuff. But I have to say my first reaction was not positive. Well, you have to take some risk, then. The cash just gets bigger and bigger and it makes Buffett seem more and more bearish. To show this, a while ago I posted how BRK is fully exposed despite the high cash balance. Not quite a whale, and pretty small investment, but interesting nonetheless.

And check this out. Anyway, I was reading it and this whole section made me jump out of my seat as I immediately thought of quite a few people I would need to send this book to: I have already commented on the strange tendency of the supposedly forward-looking financial community so often to fail to recognize a changed set of circumstances until the new influence has been in existence for years. That sounds crazy too, for a large corporation. But this has caused an increase in this market for sure. Wright. I would get in, hold until normalization, and then get out. Also, the lifetime employment 'promise' makes it difficult to make room for more competent employees. Thursday, August 20, 2020.

So, with Buffett dumping airlines, JPM and not jumping into the markets in March, is he really all that bearish? I have been spending more time recently looking at things to do due to the extraordinary nature of the what is happening, but I have to say nothing is really jumping out at me. A fiscal tsunami. I was seriously contemplating switching everything over to Linux and ditching MSFT altogether. . Both at the same time. The banking structure was weaker. I just recently noticed that Stanley Druckenmiller is big into MSFT: The Firm has demonstrated sustained, strong financial performance. Nothing out of the ordinary. And this, in turn, will lead potentially to a really massive bubble. Whenever you have big moves on those worries, as traders, it's actually probably a good idea to trade against it. So, as usual, I would just say ignore it all. For example, I wouldn't touch Zoom stock, of course. But on the other hand, I feel that Fisher has had more of an impact on Buffett (and he admits it) than even many Buffett followers realize. What is so crazy about that? Retailers are out too, for the most part. They would not be situations where I would want to buy and hold forever. But at least in the above table, we can see that ROE has been decent in these trading companies in the recent past. People keep saying that business disruption doesn't cover pandemics, or that it requires physical damage etc. It was rock-solid and stable, like the Sun workstations (Unix) I used to work with that you never had to reboot or restart. But if you fail, this can be detrimental. Tsunami of liquidity. A lot of restaurants will go out of business too, but mostly the independent ones. OK, so we see that the stocks are cheap on a P/B basis. But this has caused an increase in this market for sure.

Buffett said the accounting is good, but I think he means that many of these companies report under IFRS or GAAP standards and are audited by major accounting firms (well, this was true with GE and Enron too, not to say shosha are either of those).