Investment Thread

[budwom]

So, are you planning to buy the Jimmy Buffett pontoon boat at a 10% discount? Funny, I never knew that Jimmy and Warren were related, or for that matter that Warren was wasting away in margaritaville. Ducks as that lost shaker of salt wizzes over my head...

Thanks for the link. I always enjoy the BH letters.

Section 15

Though I'd rather shoot myself than live in a Charlie Munger designed windowless dorm room.

[Section 15]

Though I'd rather shoot myself than live in a Charlie Munger designed windowless dorm room.

You gotta realize that Charlie is blind in one eye. I doubt that windows mean as much to him as they do to you and me.

[bundabergdevil]

Berkshire Hathaway released their annual shareholder letter(2021) yesterday.

https://www.berkshirehathaway.com/letters/letters.html

It is so nice to see the acknowledgement below. I wish more folks that have found success in America appreciated this fact and vocalized this sentiment.

In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact
that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our
country would have done splendidly in the years since 1965 without Berkshire. Absent our American home,
however, Berkshire would never have come close to becoming what it is today. When you see the flag, say
thanks.

[YmoBeThere]

The market(S&P 500) since the end of November: (as of 3/4/2022)

iShares Core S&P U.S. Value ETF (IUSV) price at close 11/30/2021: 71.77
Dividend disbursement (12/13/2021): 0.383

Close today: 74.08

Return during that period: 3.77%

iShares Core S&P U.S. Growth ETF (IUSG) price at close 11/30/2021: 113.07
Dividend disbursement (12/13/2021): 0.18

Close today: 99.25

Return during that period: -12.1%

Differential: 15.87%

[YmoBeThere]

PNW is going through some things with it's regulator that I believe will correct over time.

I mentioned PNW on 12/19, so the next day available to buy the stock was 12/20. It closed at 67.69 that day. It paid a 0.85 dividend on 3/1/2022 for shareholders of record on 2/1/2022. Today it closed at 74.45 for a return of 11.38%. The S&P 500 has been down 5.2% during that time.

[YmoBeThere]

And getting worse...

[niveklaen]

Would a Russian sovereign debt default be a danger for the markets/banking system?

https://finance.yahoo.com/news/morga...l?guccounter=1

[niveklaen]

Would a Russian decision to nationalize foreign assets have a significant impact on western markets?

https://newsinfo.inquirer.net/156606...e-ruling-party

[bundabergdevil]

Would a Russian decision to nationalize foreign assets have a significant impact on western markets?

https://newsinfo.inquirer.net/156606...e-ruling-party

Plenty of impact on western markets even w/o nationalization. I suspect 1st and 2nd quarter corporate earnings (at the least) to be severely impacted. There are a lot big plants, particularly in Europe, that are running scenario analyses right now to see when the cost of natural gas makes them unprofitable and they just shut down for a bit. Commodity markets, particularly metals, are skyrocketing, too. Companies are doing everything they can to pass along the costs but the current dynamic is not sustainable and something has got to give.

[YmoBeThere]

Yesterday was a pretty good day to buy Pioneer down 12.

[-jk]

Yesterday was a pretty good day to buy Pioneer down 12.

Pioneer Aviation?

-jk

[YmoBeThere]

Pioneer Aviation?

-jk

Natural Resources, ticker PXD

[aimo]

Pioneer Aviation?

-jk

I got it, by the way.

[YmoBeThere]

I got it, by the way.

I had to google it.

[bundabergdevil]

I had to google it.

I don’t get it and I googled it.

[YmoBeThere]

I don’t get it and I googled it.

Do you get it now?

[bundabergdevil]

Do you get it now?

I saw theMASH reference but I never watched the show so I wouldn’t say I “get it”, you dig?

[YmoBeThere]

I saw theMASH reference but I never watched the show so I wouldn’t say I “get it”, you dig?

Dig Dug? I loved that game.

[Jeffrey]

Dig Dug? I loved that game.

Loved? Does that mean you dug it but no longer dig it?

[YmoBeThere]

Loved? Does that mean you dug it but no longer dig it?

I definitely dug it. But digging it ended some time in the 80s.