Halls of Shrewd'm / US Policy❤
No. of Recommendations: 1
What are you buying?
Cash/patience at 5% yield?
RSP/QQQE?
Small/mid cap indices (S&P 600 and 400 is under 15x next yr earnings)
Foreign indices? (China, Germany/Europe, Japan?)
DG, HSY, BFH, KMX or other value names?
Any other ideas?
No. of Recommendations: 12
What are you buying?
Beats me. I wish I knew.
Sitting on more cash than I've ever had before. Something will turn up. Maybe Berkshire will ride the other half of the valuation rollercoaster some time soon.
I might restart my quant portfolio. The only problem with that is that it will tend to correlate with the broad market (with the hope of a bit better), and the broad US market doesn't look that great to me right now.
Meanwhile, I'm gonna buy myself a really nice audio amp. Ultimately, investing is for spending, right?
Jim
No. of Recommendations: 2
sitting in cash for the moment. thought about small mid cap but worried about their levels of leverage and affect of refinancing at higher rates.
I have enough of DG, HSY and KMX. Looking at EPD, while waiting to potentially to redeploy back into BRK
No. of Recommendations: 2
Sounds reasonable. Im assuming every individual name or index will be correlated to broad US market which does seem vulnerable due to elevated valuations and a near vertical climb. I too am hesitant to instantly deploy cash after some trimming.
No. of Recommendations: 1
No. of Recommendations: 3
A Crutchfield catalog arrived in my mailbox last week for the first time in 15 years. I thought a fell into a time warp.
Jeff
No. of Recommendations: 8
I have enough of DG, HSY and KMX. Looking at EPD, while waiting to potentially to redeploy back into BRK
I have been pondering Nestle as a "coffee can" position. (sorry)
NSRGY currently at $107.10. Same price as 3.5 years ago, which might be a good deal if their value trajectory remains intact. And not, if it isn't.
Dividend yield a little over 3% if you like that sort of thing.
Jim
No. of Recommendations: 0
Any particular reason why the ADR instead of NESN?
thanks
No. of Recommendations: 0
easing into byddf....with semicon trimming 2 weeks agp, and nibbled at BRK on the dip ....leaving larger cash position than normal,but thats ok.
No. of Recommendations: 3
I have been adding to Nelnet (NNI) for the last few months. Annual results / letter come out tomorrow after the close. Book value is very understated and the accounting is conservative. I like the management and Nebraska seems to have something going for it.
https://www.nelnetinvestors.com/home/default.aspxFairfax Financial looks ripe for a short squeeze - maybe when the annual letter comes out? Who knows, but the short attack didn't go well.
No. of Recommendations: 1
Theres also MKL at a multi year low to BRK. BV of 1.3 to Berkshires 1.7
No. of Recommendations: 1
Speaking of BFH, I noticed that Bill Miller recently increased his BFH holding by 40%, making it a 6% position...
https://www.dataroma.com/m/stock.php?sym=BFHAlso noted that company announced a 30M stock buyback
PE still trades <5
No. of Recommendations: 1
Been watching Jim’s Brk-MKL chart (
https://na01.safelinks.protection.outlook.com/?url...)
I understand your thinking and considering adding to MKL.
Captured from another’s lens:
From 2017 to 2023 regarding MKL.
Total net-investments has increased to $27,074B from $17.471B + 55%
Last 3 years underwriting profit has increased from $541m to $1,041B + 92%
Gross premium has increased from $ 5.5B to $14.0B + 154%
Markel venture revenue has increased from $1.2B to $5.0B + 316%
Markel venture EBITA has increased from $ 178m to $ 628m + 253%
Investment income has increased from $406m to $735m + 81%
Book value per share has increased from $684 to $1,096 + 60%
Comprehensive income has increased from $ 1,175 to $ 2,285 + 94%
Share issue has decreased by 5.6% from 13.904m to 13.132m (5.6%)
Too, I find authenticity and value in Tom Gayner. I believe his leadership style and dogged determination will get their insurance misstep corrected.
May nibble through selling a Put.
GLTA,
paul
No. of Recommendations: 8
Like a number of others, I trimmed during after hours trading on Friday evening (sold at $417.80) and, at least today, am glad I did. But also like others, I now own fewer BRK shares than I have in 25 years and am already feeling a little lonely.
I just hope that those who sold everything, as well as those "just trimming," will retain their keen interest in Berkshire and will continue to regularly contribute to this board as in the past. Your contributions are invaluable (i.e., priceless).
Philmordun
No. of Recommendations: 6
Vanguard FTSE All-World ex-US Small-Cap ETF (VSS)
0.07% expense ratio for an index of approx 4,600 smaller international firms.
Only 16% of assets in the Top 50 holdings.
P/E = 13.9x (7.2% Earnings yield)
P/B = 1.4x
P/S = 0.91x
Net Profit Margin = 6.5%
ROE % = 10%
Dividend yield % = 3.2%
It's not exactly the equal-weight International Index that I wish existed, but hey if you squint, it's kinda close.
The price today is not much higher than it was a decade ago but I'll take my chances.
https://investor.vanguard.com/investment-products/...
No. of Recommendations: 2
Any particular reason why the ADR instead of NESN?
Nope, Just that most of the readers of the board are American.
NESN makes sense. For me, Frankfurt might be a good choice too (despite the thin volume), since I generally have euros and never have swissies.
Jim
No. of Recommendations: 0
Meanwhile, I'm gonna buy myself a really nice audio amp.
McIntosh?
No. of Recommendations: 1
A Crutchfield catalog arrived in my mailbox last week for the first time in 15 years. I thought a fell into a time warp.
There's a stack of Yellow Pages in a wire rack near the exit of our Y!
John
