War driving demand for precious metals; how to gross up the sell price of a stock going ex-dividend; tech pipe dreams; new consensus target date filter; Denis contributions; MML revenue drop and bad news; rebuying a stock you’ve just sold; using EMA and SMA or “price change 1 month” to calculate a Josephine; is performance better over reporting season?
This week we’re talking about Navexa portfolio issues, overconfidence in investors, Murph resigns from Berkshire, Berkshire invests in a crypto bank, Munger’s recent Q&A, BFG’s money laundering problems, HUM’s acquisition by LFS, CGF back on the buy list, S32 is Tony’s pulled pork, Ares buying into GMA, FMG is a Josephine, and then we answer your questions about Grantham’s bubble warnings, using trend lines to know when to cancel a Josephine, the iron ore sell price, buying stocks close to the sell line, using company market cap figure relative to Index Funds to determine whether a company’s share price could be at risk of a near future increase or decrease, kissing a few frogs to get a prince, holding on just for the takeover premium and FEX’s very low sell line.
In this episode we’re talking about MYR and LAU warnings, replacing GAP with GWR, CAA upgrade to guidance, Trading View commodity alerts, our stocks of the week (FEX, GMA), our best portfolio stocks for the week, the world’s second tallest building is a warning sign, and CGF’s business model.
In the Club edition, we also talk about selling and buying back into FMG instead of just holding it, MFG’s collapse and what their management might be thinking about right now, and more details on the story about Tony’s 20x return on MND back in the day.