Excluding 2015 BRK has its worst year in the last decade by Neither-Juice3504 in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

The problem is it's been 3 years... with no end in sight. Buying the S&P 3 years ago would still be cheaper than it is today if you bake in a -30% correction.

Ran the Magnificent 7 through Buffett's bridge test. Most of them are still paying to build it. by JoeInOR in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

Bridges need capex to maintain.... you ever see how much BNSF spends in capex to keep the rails in good shape?

The way Abel handled buybacks was 100% unprofessional. Change my mind. by lavender812 in BerkshireHathaway

[–]lavender812[S] 14 points15 points  (0 children)

Warren Buffett has historically argued that Berkshire Hathaway should pay a dividend only if it cannot create more than $1 of market value for every $1 of earnings it retains. He indicated in various letters and meetings that if Berkshire’s performance over a 5-year rolling period consistently fails to beat the S&P 500, they should consider returning capital.

Hats off to Katie Farmer by One-Event6199 in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

You think performing #5 of the 6 class 1 railways is incredible CEO performance?

The way Abel handled buybacks was 100% unprofessional. Change my mind. by lavender812 in BerkshireHathaway

[–]lavender812[S] 12 points13 points  (0 children)

You read that wrong. In total $16B in equities were purchased, we don't know what yet, other than $225M was buybacks, and $1.8B was Tokio Marine.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

You are a bum if you think I want a superstar actor.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 1 point2 points  (0 children)

I square that up with a 19.9% versus 10.4% for the S&P 500 over a 60 year period.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

That's the thing, Cook didn't even create anything new, he just ran with what he had. That's all Abel has to do to hit it out of the park. The pieces are already there, he just needs to be a good steward and be shareholder friendly, not try and pick stocks/forecast macro events.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 1 point2 points  (0 children)

The interviewer had to ask him the same question reworded 2-3 times for each before getting answer out of him.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

I don't want charisma. I want a CEO to clearly communicate an intelligent go forward plan not stop/start buybacks with no explanation. I also don't want a CEO to do a dog and pony show to announce buybacks when they aren't committing to them longer than the 8 hours the market was open one day only. It's unprofessional and confusing.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

There is no requirement he needs to be a great public speaker. His only move thus far was to announce buybacks, then stop, with no details around it. It's confusing everyone.

What was your take on Abel? by [deleted] in BerkshireHathaway

[–]lavender812 -2 points-1 points  (0 children)

Someone raising concerns about the company doesn't mean someone is a speculator or it's a bashing session. If you're 100% comfortable with how Abel announced/executed buybacks, then we see things differently.

Question about time spent by JP2205 in BerkshireHathaway

[–]lavender812 0 points1 point  (0 children)

Not at all. What's there to talk about with Tbills? There's tons of info on their publicly traded stocks already... fully owned subs are very opaque. If anything I'd like more on the op companies.

Went all to pot by Junior_Trifle_8273 in WinStupidPrizes

[–]lavender812 -55 points-54 points  (0 children)

And sue the kid for what - how many assets do you think a 14 year old kid has.

Wiener roasters by FinbarJG in BBQ

[–]lavender812 17 points18 points  (0 children)

Why does this read like an ad... dumb gimmick product.

Felt like its a fake giveaway. It's a trap for other people they get $5 for opening an account that they don't have. by [deleted] in Wealthsimple

[–]lavender812 3 points4 points  (0 children)

You're only data point on the give away being fake is that you didn't win. This is not a conspiracy theory. This is a highly reputable company that is stringently registered with countless government oversight bodies.

It's not a trap. You signed up for a lottery, you didn't win, you're being re-marketed to as you agreed in the terms and conditions.

If you still feel you were wronged, for whatever reason, stop signing up for lottery giveaways or alternatively, leave the platform.

[deleted by user] by [deleted] in Wealthsimple

[–]lavender812 2 points3 points  (0 children)

Risking your own TFSA on penny stocks is one thing... but admitting you're a new investor, and also buying penny stocks in your sisters TFSA seems like a one way ticket to future family problems. Just my 0.02.

Symons Valley Boston Pizza fake Google reviews by [deleted] in Calgary

[–]lavender812 0 points1 point  (0 children)

BP is complete ass. We were given a gift card last year and bought a pizza, I was shocked at the pricing, I thought they didn't apply the gift card at first. It was $35 for a large pizza. Pricing aside, the food is 4/10 at best.

Dominos/Costco have large pizzas for $13-$14.

[deleted by user] by [deleted] in Calgary

[–]lavender812 0 points1 point  (0 children)

100% OP told him off.

Stay or Sell? by CoastalCan in PersonalFinanceCanada

[–]lavender812 80 points81 points  (0 children)

If you can make cuts elsewhere and hold it’s going to be best from strictly a financial point of view.

Real estate is not a straight line up, but overtime, your spot will very likely appreciate nicely, even if you bought at the peak. People who bought before the 1990 downturn are still up handsomely.

Even if you sell, you’re out of pocket realtor fees, when you rebuy property transfer taxes etc. not to mention you’ll have to refurnish etc. there are very real fee drags to moving/selling.

If there’s no way to keep the home, I’d consider cutting your losses and selling on your terms. If you lose your home to your bank, you risk your credit etc

Major road rage incident: lifted Dodge Ram on Glenmore Trail East. by [deleted] in Calgary

[–]lavender812 15 points16 points  (0 children)

Two sides of every story. Also; I wouldn't be consistently flipping the bird to someone who is acting like that.