Interesting Phaedrus. Where do these stats come from?
SNOOPY
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Well I could take all the money I have put into RBD off the table save for one measly dollar. Then I could quote fantastic percentage returns I had made from my remaining investment dollar more of less regardless of where the RBD share price ends up. Would that satisfy you Winner?
I am not really interested in winning some contrived statistical game Winner.Quote:
Then all discussions/debate between you and Phaedrus would be dead .... you win lock stock and barrel
SNOOPY
These came from a recent paper on Warren Buffett's investments by Hughes, Liu and Zhang.
http://papers.ssrn.com/sol3/papers.c...act_id=1635061
BRICKS is of to hospital for major surgery and hopes he will come out alive so before going SOLD 2000 RBD just to say
well I collected some money for all our efforts so with all this current crap talk about up`s & downs BRICKS would
rather have FULL HEALTH.. GOOD LUCK..
And all the best to you, BRICKS.
Look forward to seeing you resume posting in near future.
Cheers
Perfect trade Bricks.
I am sure your surgery will be perfect.:)
Glad you managed to get out on top Bricks. And thanks for the moral support on this investment over the years. I hope the hospital rebuild goes as well as you can expect, and get back to us when you are back up to speed. You certainly will never be 'just another brick in the wall' here.
SNOOPY
Thanks for that Phaedrus. Some think that Buffett invests always along the lines of one investing model, as outlined in those Buffett books. But this isn't true. Buffett frequently takes advantage of short term arbitrage opportunities. For example after a takeover offer is announced he often buys into the takeover target. Often the returns on these plays are quite small in percentage terms. But the high certainty of a result, Berkshire's scale and the ability to repeat the process on a subsequent takeover target means that from an annual perspective, these deals can be lucrative. That helps explain many of those short term deals identified in the research paper.
SNOOPY
- Buy back the "pizza hutt" domain from Domino's (for patrons in Upper Hutt and Lower Hutt that are confused about how to spell "Hut")
- Insist that after 1 year/5 long-winded phone calls to our help desk, that our web-site should be able to take delivery orders from Porirua for houses previously covered by (now defunct) Mana.
- Consider retiring delivery staff that are too old to recognise current New Zealand currency or provide correct change to such in under 5 minutes.
- Check that BRICKS has recovered from surgery...
:)