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78
Patrick
2023 Mar 29, 8:01pm
Patrick
2023 Mar 29, 8:01pm
Patrick says
Just ran across Seth Klarman again:
https://rudy.substack.com/p/how-we-doin-seattle
I've gone through several different investment strategies, and keep coming back to the brute simplicity of earnings and dividends. Especially after reading "Margin of Safety" by Seth Klarman
Just ran across Seth Klarman again:
https://rudy.substack.com/p/how-we-doin-seattle
Things that have never happened before are bound to occur with some regularity.
When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation.
Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return.
Risk is not inherent in an investment; it is always relative to the price paid.
Do not trust financial market risk models. Reality is always too complex to be accurately modeled. [Attention Federal Reserve]
Do not accept principal risk while investing short-term cash
The latest trade of a security creates a dangerous illusion that its market price approximates its true value.
Ratings agencies are highly conflicted, unimaginative dupes.
Beware leverage in all its forms.
Financial stocks are particularly risky. Banking, in particular, is a highly leveraged, extremely competitive, and challenging business.
When a government official says a problem has been “contained,” pay no attention.
The government – the ultimate short- term-oriented player – cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur
Almost no one will accept responsibility for his or her role in precipitating a crisis: not leveraged speculators, not willfully blind leaders of financial institutions, and certainly not regulators, government officials, ratings agencies or politicians.
80
Misc
2023 Mar 29, 9:06pm
BayArea says
Do you know how many I-phones need to be liberated to keep up the "Free" money given to the White family that bought it?
Looks like this house gained nearly a $1M in equity since 2010
Do you know how many I-phones need to be liberated to keep up the "Free" money given to the White family that bought it?
81
AD
2023 Mar 29, 9:06pm
AD
2023 Mar 29, 9:06pm
,
https://www.zillow.com/homedetails/1625-Ridgetree-Way-San-Jose-CA-95131/19562564_zpid/
2/15/1994 Sold $253,500
2/24/2010 Sold $595,000
last sale was in Feb 2010
Professor Robert Shiller's data has estimated a 4% annual appreciation for the median home, hence the estimated value is
(1.04)^30 x $253.500 = 3.24 x $253,500 = $822,201
,
https://www.zillow.com/homedetails/1625-Ridgetree-Way-San-Jose-CA-95131/19562564_zpid/
2/15/1994 Sold $253,500
2/24/2010 Sold $595,000
last sale was in Feb 2010
Professor Robert Shiller's data has estimated a 4% annual appreciation for the median home, hence the estimated value is
(1.04)^30 x $253.500 = 3.24 x $253,500 = $822,201
,
82
BayArea
2023 Mar 30, 4:30am
BayArea
2023 Mar 30, 4:30am
Misc says
You sound bitter that you weren’t the family that bought this.
BayArea says
Looks like this house gained nearly a $1M in equity since 2010
Do you know how many I-phones need to be liberated to keep up the "Free" money given to the White family that bought it?
You sound bitter that you weren’t the family that bought this.
83
GNL
2023 Mar 30, 4:59am
GNL
2023 Mar 30, 4:59am
Misc says
What? What does that mean?
BayArea says
Looks like this house gained nearly a $1M in equity since 2010
Do you know how many I-phones need to be liberated to keep up the "Free" money given to the White family that bought it?
What? What does that mean?
« First « Previous Comments 78 - 83 of 83 Search these comments
Another victim of the housing market. This home was bought by an investor/flipper in Dec. 2009 for $350k from US Bank and flipped it in Feb. 2010 for $595k. If I remember it correctly, it was listed for $580k. Not a bad profit for two months worth of holding. I am not sure if the new owner was aware of this information, or his realtor hid this information from him. I wouldn't buy it knowing this information because I would just tick me off so bad. Basically, the new owner paid 2005 price for the home. It is what it is. The market determines the price, not you, not me.
#housing