dope?

burritos, the southern states have a lot of poor people. Poor people are more likely to be on federal assistance. Many of the poor people are the descendants of slaves. Blacks are a higher percentage of the population in Alabama, Mississippi, and Louisiana. Leeches all of them? There are a lots of poor whites in the south, too. The southern staes used to be rich but their economies were dependent on white gold and that boom collapsed spectacularly. Maybe they didn't teach you all this in your crappy California public schools. As for other mooching red states, didn't Donald Trump win in Wisconsin, Michigan, Pennsylvania and Ohio? Those are red states you ignoramus so I guess some red states are paying their "fair share".

Unit2Sucks;842821449 said:

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Curious CB93 since we have a very similar professional background - how much time do you spend evaluating a compay's '33 and '34 act materials before you choose to invest and how much time do you spend monitoring these during the course of the year? I've found it to be too time-consuming to do to my level of satisfaction (which would also require me to review competitor SEC filings) so I just invest in index funds these days (primarily VTI). As I mature (which I use as a euphemism for aging) my investing has become much more boring because it takes time away from my family, and most of my experimentation comes in the form of private investing. Even there I'm primarily invested as an LP in a PE fund of funds and in a VC angel fund so I'm not making individual investment decisions.

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I don't really spend time reviewing '33 Act filings. Most of the companies that I track are WKSI's so their shelf filings wouldn't be that interesting even when they do an offering and would incorporate by reference. I do spend time reviewing '34 Act periodic and current reports. I also spend time reading earnings releases and non-GAAP reconciliations. I focus on the MD&A and financial statements as well as their investor presentation posting in connection with earnings release. I would guess maybe 30 minutes for each company every quarter. Especially since I tend to invest long-term, most of the time, I am looking for significant changes. For example, I have been investing in Apple for so long, it doesn't take much time to get an update from their filings. I also get sell side analyst reports that I quickly review. Considering that I track maybe 5 companies, not too much of a time commitment. Having spent so much time in private practice and in-house on these items, and working with corporate development teams and board members on acquisition evaluations, it is definitely not that time consuming as someone who is not trained in securities laws or worked in-house with finance, executives, and IR teams preparing.

As a general rule, I think index funds are way to go. I only do what I do because I enjoy it and it doesn't take that much time. Generally, it is hard to beat the market. As far as real estate, I have brokers and real estate professionals who prepare reports for potential investments, but I usually rely on advisers to help me evaluate. No special training on evaluating real estate, and I punt management to property managers.

GB54;842821098 said:

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A Pew Poll in September reported that 63% of those polled were not satisfied with their choice. It's obvious that Clinton and Trump were choices of a small swath of the electorate. Clinton was arguably the worst Presidential candidate in recent history. A ham sandwich could have beaten both of them

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Pretty much.

She ran a terrible campaign and barely spent anytime in Wisconsin. Basically took the traditional Blue States for granted in the Rust Belt. In fact, PA hasnt voted for a GOP Presidential candidate since 1988. It only took a combined 85,000 votes in WI,MI,OH, and PA to swing this Election.

Even her husband Bill was frustrated to no end about how no one on her staff listened to him regarding strategy. There is a great interview online about this. Kind of mind-boggling that no one in her campaign would listen to one of the biggest political players in recent memory.

At one point, he threw his phone off the balcony and into the river! His wife kept complaining about how Comey was interfering....Bill kept telling her that she was spending too much time demonizing Trump, and not enough time talking to the non-college degreed people in the Rust Belt.

For all of the reasons that Michael Moore pointed out in July of 2016, she was challenged to win. Her speaking ability was terrible, and very much overshadowed by Obama. Furthermore, the anti-establishment factor and those tired of being "PC" the last 8 years, facilitated a swing towards Trump.

I bet there will be a lot of coal miners in OH,KY,WV, and AL that will be left wondering why their jobs arent coming back, or why their Medicaid just got taken away....but thats another topic.

Wags;842821561 said:

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Pretty much.

She ran a terrible campaign and barely spent anytime in Wisconsin. Basically took the traditional Blue States for granted in the Rust Belt. In fact, PA hasnt voted for a GOP Presidential candidate since 1988. It only took a combined 85,000 votes in WI,MI,OH, and PA to swing this Election.

Even her husband Bill was frustrated to no end about how no one on her staff listened to him regarding strategy. There is a great interview online about this. Kind of mind-boggling thst no one in her campaign would listen to one of the biggest political players in recent memory.

At one point, he threw his phone off the balcony and into the river! His wife kept complaining about how Comey was interfering....Bill kept telling her that she was spending too much time demonizing Trump, and not enough time talking to the non-college degreed people in the Rust Belt.

For all of the reasons that Michael Moore pointed out in July of 2016, she was challenged to win. The anti-establishment factor and those tired of being "PC" the last 8 years, facilitated a swing towards Trump.

I bet there will be a lot of coal miners in OH,KY,WV, and AL that will be left wondering why their jobs arent coming back, or why their Medicaid just got taken away....but thats another topic.

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That is kind of amazing that she would not listen to one of the most talented politicians of my life time who just happened to live in her house.

thanks cb93, interesting to hear your approach. Makes sense if you are focused on a few WKSIs. These days there are so many unproven companies with non-GAAP numbers predominating that it can be difficult to really get a clean look from reporting. I mostly know companies I wouldn't invest in but I don't actually invest proactively. A lot of it is for professional reasons as between my client relationships and my wife's professional responsibilities, there are a number of companies that we can't invest in (most bay area tech including Apple, Google, FB, Oracle and a bunch more) fall into that category.

calbear93;842821571 said:

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That is kind of amazing that she would not listen to one of the most talented politicians of my life time who just happened to live in her house.

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Certainly this. There was a lot of reporting that he had lost his touch and was unreliable, etc. but his core schtick would have worked very well this cycle and Hillary would have done well to heed his advice.

calbear93;842821571 said:

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That is kind of amazing that she would not listen to one of the most talented politicians of my life time who just happened to live in her house.

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Ed Klein did the interview of Bill Clinton, entitled, "It's Hillary's Fault....not Comey's"

A good read.

http://www.newsmax.com/t/newsmax/article/759037?section=Newsfront&keywords=ed-klein-bill-clinton-hillary-clinton-james-comey&year=2016&month=11&date=15&id=759037&aliaspath=%2FManage%2FArticles%2FTemplate-Main&oref=r.search.yahoo.com

Both of the Clintons were beyond their use by date, she spent a lot of time defending her husband's policies to the left. Good riddance.

GB54;842821578 said:

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Both of the Clintons were beyond their use by date, she spent a lot of time defending her husband's policies to the left. Good riddance.

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I believe she had to move left of center to attract (and not alienate) the Bernie Sanders crowd.

As disliked as she was, and as boring as her public speaking capability was.... its still amazing that she only lost by a total of 85,000 votes across 4 States.

calbear93;842821571 said:

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That is kind of amazing that she would not listen to one of the most talented politicians of my life time who just happened to live in her house.

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Based on personal experience, Don't find this hard to fathom at all.

Unit2Sucks;842821575 said:

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thanks cb93, interesting to hear your approach. Makes sense if you are focused on a few WKSIs. These days there are so many unproven companies with non-GAAP numbers predominating that it can be difficult to really get a clean look from reporting. I mostly know companies I wouldn't invest in but I don't actually invest proactively. A lot of it is for professional reasons as between my client relationships and my wife's professional responsibilities, there are a number of companies that we can't invest in (most bay area tech including Apple, Google, FB, Oracle and a bunch more) fall into that category.Certainly this. There was a lot of reporting that he had lost his touch and was unreliable, etc. but his core schtick would have worked very well this cycle and Hillary would have done well to heed his advice.

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Bill and Obama would have won. Even Biden.

Wags;842821579 said:

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I believe she had to move left of center to attract (and not alienate) the Bernie Sanders crowd.

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True, but times had changed. NAFTA, repeal of Glass Steagall, the War on Crime, Defense of Marriage Act, welfare reform, Balanced Budget resolutions- these were Republican policies she was saddled with because of him

I was friends with Gary Cohen back in 1986. We lived in the same apartment complex in Battery Park City across the street from the World Trade Center. He just departed Goldman with $100 million for Trump's cabinet. (was the COO and stepped in as CEO when Blankfein was being treated for cancer). We both traded metals at the Comex. Im hoping that he injects some Basic Econ. 101a into the room.

Peter Navarro, Director of the newly formed Trade Council doesnt have a freaking clue....claiming that trade deficits are bad and need to be remedied.

Biden wins in a landslide. I say that knowing almost nothing about what positions he would take, but he plays well to the voters that swung the election. Politics is turning into NBA basketball - it's all about the matchups.

tommie317;842821584 said:

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Bill and Obama would have won. Even Biden.

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Wags;842821579 said:

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I believe she had to move left of center to attract (and not alienate) the Bernie Sanders crowd.

As disliked as she was, and as boring as her public speaking capability was.... its still amazing that she only lost by a total of 85,000 votes across 4 States.

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She lost to a f$kin game show host with no experience who insulted most of the electorate despite spending twice as much money as he did. She'd never been a good candidate- lost to Obama in "her year", and was almost undone by a 70+ year old socialist from Vermont

GB54;842821598 said:

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She lost to a f$kin game show host with no experience who insulted most of the electorate despite spending twice as much money as he did. She'd never been a good candidate- lost to Obama in "her year", and was almost undone by a 70+ year old socialist from Vermont

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Never underestimate the impact of the single issue conservative Christian crowd in the Rust Belt. These people dont care about any issue, other than being Pro-Life.

No matter how many fingers Trump used to pull women closer.

GB54;842821598 said:

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She lost to a f$kin game show host with no experience who insulted most of the electorate despite spending twice as much money as he did. She'd never been a good candidate- lost to Obama in "her year", and was almost undone by a 70+ year old socialist from Vermont

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It was those bad pant suits that did her in.

Wags;842821604 said:

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Never underestimate the impact of the single issue conservative Christian crowd. These people dont care about any issue, other than being Pro-Life.

No matter how many fingers Trump used to pull women closer.

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Nah, I don't think this election was about pro life. I don't think all those previousObama voters in Pa,Wisconsin and Michigan were swayed by pro life. It was about the the economy, the future and change- like most elections.

NYCGOBEARS;842821606 said:

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It was those bad pant suits that did her in.

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She always had a weakness for big bills

cubzwin;842821495 said:

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burritos, the southern states have a lot of poor people. Poor people are more likely to be on federal assistance. Many of the poor people are the descendants of slaves. Blacks are a higher percentage of the population in Alabama, Mississippi, and Louisiana. Leeches all of them? There are a lots of poor whites in the south, too. The southern staes used to be rich but their economies were dependent on white gold and that boom collapsed spectacularly. Maybe they didn't teach you all this in your crappy California public schools. As for other mooching red states, didn't Donald Trump win in Wisconsin, Michigan, Pennsylvania and Ohio? Those are red states you ignoramus so I guess some red states are paying their "fair share".

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Why are you so upset? Donald Trump is president and I said we deserve him. Isn't that enough?

Guys get over it. I am for less government regardless of party. Go Bears!

Wags;842821576 said:

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Ed Klein did the interview of Bill Clinton, entitled, "It's Hillary's Fault....not Comey's"

A good read.

http://www.newsmax.com/t/newsmax/article/759037?section=Newsfront&keywords=ed-klein-bill-clinton-hillary-clinton-james-comey&year=2016&month=11&date=15&id=759037&aliaspath=%2FManage%2FArticles%2FTemplate-Main&oref=r.search.yahoo.com

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Ed Klein has a long history of lying about the Clintons but that doesn't stop smart Cal graduates from giving him credibility. Klein didn't interview Bill Clinton like you claim. Don't believe me? Then go read the article and read all about the liar Klein write about his anonymous source.

Goobear;842821620 said:

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Guys get over it. I am for less government regardless of party. Go Bears!

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Better luck next time because you aren't getting less government from this crowd.

Goobear;842821620 said:

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Guys get over it. I am for less government regardless of party. Go Bears!

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It'll be a bigger government and with bigger deficits

GB54;842821636 said:

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It'll be a bigger government and with bigger deficits

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Yes, but these folks will still be happy. Cognitive dissonance.

dajo9;842821624 said:

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Better luck next time because you aren't getting less government from this crowd.

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You are right Dajo. Not holding my breath..

GB54;842821636 said:

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It'll be a bigger government and with bigger deficits

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I guess short dollar long on gold...

Goobear;842821640 said:

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I guess short dollar long on gold...

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Is that you Peter?

Goobear;842821640 said:

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I guess short dollar long on gold...

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GB54;842821636 said:

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It'll be a bigger government and with bigger deficits

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burritos;842821645 said:

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Classic - love that

Goobear;842821646 said:

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Classic - love that

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Uncle Milty was a punk.

burritos;842821645 said:

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I guess Milton Friedman never heard of our national defence industries. No shortage there.

Hey Goobear, what's your take on Geert Wilders? Holland said no thank you Dutchie Trump.

burritos;842821642 said:

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Is that you Peter?

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[video=youtube;euc7pWIAOQI][/video]
BTW the same thinking that gold is going to skyrocket is the same thinking that led Peter Schiff (who owned a lot of oil a few years ago) to think that oil was imminently going to $200/barrel.