Reading Time: < 1 minute The famous investor Charlie Munger used to say unfiltered* and he commented: every time you hear EBITA (Investopedia definition, note sometimes it’s also called EBITDA, where the D stands for depreciation), which stands for Earning before Interest, Taxation and Amortization (and depreciation), you replaced it with Bullshit earnings. More cheats, liars and lies I have
Reading Time: < 1 minute I came across this term yesterday. You may search the Twitter (aka X) for more tweets on the topic. And this made me to think two small stock positions I have and I may have talked about them in my blog posts too: LEG (Legget and Platt) and SCS (Steelcase). I just did a bit
Reading Time: 2 minutes Some friends asked me about the year end tax moves, such as the tax loss selling etc. Here is a good article on the topic – Tax-Loss Harvesting: What It Is, How It Works. My take on tax: this is at least secondary maybe even more down the priority list. The No. 1 priority in
Reading Time: 3 minutes 油管：my Youtube 2022 video for BRK HQ video below (narration mostly in Chinese) Charlie Munger We know Charlie Munger (Wiki) passed away recently, and he was the vice chairman of Berkshire Hathaway: he had some influence on Warren Buffet’s investments over the years, including See’s Candy, Coca Cola and so on. Here is the free
Reading Time: 2 minutes That is the S&P 500 index funds. This is similar to Warren Buffett’s recommendation. He actually has more recommendations beyond stocks or bonds. Anyway, I think for most people who are still in the wealth accumulation stage (I think most people before retirement is in this category), low cost stock index funds, plus some low
Reading Time: 2 minutes I went to my 9 year old (4th grader)’s class recently and tried to talk about the “The Stock Market Game” (btw, it looks like my main winner is Nike for now 🙂 Below is something I shared in my daughter’s class. I also tried to answer some questions on individual stocks too, e.g., Adobe,
Reading Time: 3 minutes Or rewards credit cards. Today I received an email from PenFed Credit Union and they are asking me to lobby the congress on rewards Credit Cards. I no longer have their credit cards, I used to have their reward cards, and earned quite a bit gift cards from them. Basically I redeemed the points for
Reading Time: 9 minutes A touchy topic. I have been in the tech industry for almost 23 years, and I have seen my share of the layoffs. I saw the layoff very early in my career, and the most recent ones in last year or so amid the big tech post pandemic layoffs. Layoffs are usually not pleasant. But
Reading Time: < 1 minute This is probably my only successful merge arbitrage speculation so far. By “success” I meant I am out after the recent US FTC failed attempt to stop the merge. Note the UK authority could still pose challenges or stop this thing completely. Although the market does expect the deal to close eventually. I didn’t speculate
Reading Time: 5 minutes (Update 12-19-2024) I gave it more thought here at my Substack. (Update 12-31-2023) I just looked at one of my IRA accounts in which I hold mostly stocks. The dividend yield is about 1% (I hold about 45% of the portfolio in $BRK). There are two points of the views on dividend based investing, some
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