tag:blogger.com,1999:blog-5389144729834496735.post7220961024769737525..comments2024-03-17T05:15:55.634-04:00Comments on The Brooklyn Investor: Alleghany Annual Report 2013Unknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-5389144729834496735.post-49213829496726943622014-03-10T09:47:09.376-04:002014-03-10T09:47:09.376-04:00Hi,
Yes, I do follow it. I still think it's...Hi, <br /><br />Yes, I do follow it. I still think it's good and think they will outpeform over time. But since they are fully hedged in their stock portfolio, they won't outperform in strong up markets. I tend not to like that idea (of hedging out equity exposure), but they have proven over time that they can perform really well even with 'hedging'. <br /><br />So long term, yes, I havne't changed my view on them, but short term, if the market keeps going they won't keep up. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-73512586311448988642014-03-09T13:43:12.681-04:002014-03-09T13:43:12.681-04:00Hi kk, sidetrack abit.
Have u been looking at fai...Hi kk, sidetrack abit.<br /><br />Have u been looking at fairfax recently? Anw it's been quite a contradictory stock n wud like to get ur opinion on it (noticed that u haven't posted abt fairfax for a long while)kai xianghttps://www.blogger.com/profile/12094183407470192203noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-61303897027174607632014-03-03T22:38:23.765-05:002014-03-03T22:38:23.765-05:00Hi, my background is in finance. Everything from ...Hi, my background is in finance. Everything from investment strategy, equity and derivatives trading, proprietary trading and things like that. I invest full time on my own now. <br /><br />Thanks for reading. <br />kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-2747196868625023572014-03-03T12:24:11.401-05:002014-03-03T12:24:11.401-05:00What is your background, kk? Are you are full-time...What is your background, kk? Are you are full-time investor or is this a "second job"? <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-27298453657609093722014-03-02T22:23:55.185-05:002014-03-02T22:23:55.185-05:00Hmmm... good question. I don't own FMRO at th...Hmmm... good question. I don't own FMRO at this point. The thing is, I think a lot of these guys I talk about here will do very well over time, and the choice really often comes down to taste. Of course BRK is always a great core holding for people who are not hands-on active, 'enterprising' investor. <br /><br />It's really hard to say which is better as it may depend on your personality and how comfortable you are with the different companies. BRK is an easy one to recommend; you can recommend it to widows and orphans and not worry about anything too much. Of course, an S&P 500 index is like that too (as long as you don't buy your entire allocation at the top of a frothy market!). <br /><br />I still like banks, but they can be scary to own at times as financial crises do occur regularly and the headlines might scare most people out of their bank stocks. I like GS too, but again, they may be highly volatile and prone to dramatic declines in financial panics. GLRE and TPRE are good too but much higher risk profile than a BRK, so I wouldn't recommend to people unless they limit their exposure etc... (as opposed to something like a BRK; you can own a ton of that and not really worry as long as you are prepared for the occasional 50%+ drop in stock price). <br /><br />So that's really the way I see it. If you ask me which of all the people I write about will have the highest returns in the next five to ten years, it's really hard for me to say. I can say that the potential for some of the smaller, more aggressive entities may be higher, but there is more risk there too. <br /><br />I would suggest building a portfolio according to what you are comfortable with and with the companies that you really understand (above and beyond what I say here; I usually only point out things that interest me but that doesn't mean I havent looked at and though about other details). And then imagine another financial crisis or near depression and imagine the stock down 70%. How would you feel? OK? Would you panic and sell out? <br /><br />If you are confident that an entity can survive and do well despite short term collapses in the stock price, that the business model is solid etc... then it's probably a good idea to own that stock. Otherwise, stay away because the above *will* happen at some point again so you might as well own something that you sleep well with. <br /><br />Sorry if that's a non-answer, but that's what I come up with... <br /><br />kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-13648241517915608502014-03-02T22:13:24.700-05:002014-03-02T22:13:24.700-05:00Thanks, looks like this is taken care of (was trav...Thanks, looks like this is taken care of (was travelling so couldn't respond). kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-38192903691285417192014-03-01T10:57:25.717-05:002014-03-01T10:57:25.717-05:00Of course. I searched for Roundwood not Alleghany....Of course. I searched for Roundwood not Alleghany. My bad.<br />http://www.sec.gov/Archives/edgar/data/775368/000095012314001420/xslForm13F_X01/form13fInfoTable.xmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-44286417260589424712014-03-01T00:08:36.414-05:002014-03-01T00:08:36.414-05:00I think any investment blogger would hate to ans t...I think any investment blogger would hate to ans this kind of question.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-33591860954084583352014-02-28T21:08:03.411-05:002014-02-28T21:08:03.411-05:0013F?13F?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-86586071893300080712014-02-28T16:20:03.181-05:002014-02-28T16:20:03.181-05:00Just curious, can we know about what names they ha...Just curious, can we know about what names they have in their equity portfolio? Like top 5/10 names? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-49235806805600679342014-02-28T15:08:25.253-05:002014-02-28T15:08:25.253-05:00If you had to build an investment portfolio, would...If you had to build an investment portfolio, would you buy FMRO, the Paridigm Fund, or choose a handful of owner operated stocks and if so which stocks? Thanks. Anonymousnoreply@blogger.com