tag:blogger.com,1999:blog-5389144729834496735.post8887192464565113661..comments2024-03-17T05:15:55.634-04:00Comments on The Brooklyn Investor: JPM 2017 Annual Report (JPM)Unknownnoreply@blogger.comBlogger33125tag:blogger.com,1999:blog-5389144729834496735.post-67662177517270118972019-09-09T16:02:45.008-04:002019-09-09T16:02:45.008-04:00Hello Guys
I just wanted to tell you that I really...Hello Guys<br />I just wanted to tell you that I really love this blog and it helped me alot.<br />I lately began to read books about investing.<br />My go to favourite is “The Candlestick Trading Bible”.<br />It’s about Munehisa Homma and the way he made more than 10 billion in today’s dollar trading the Japanese rice market. It’s just amazing and I think you can learn a lot from it.<br />So if you are interested feel free to check it out https://bit.ly/2k7tu31<br />Felix<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-39074034474025673902018-11-22T06:45:39.457-05:002018-11-22T06:45:39.457-05:00We are providing tips to earn more than your cost....We are providing tips to earn more than your cost. .<a href="http://www.capitalstars.com/tracksheet-stock-tips/" rel="nofollow">stock tips</a>Sonal Jainhttps://www.blogger.com/profile/18236588393346408413noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-19547210712215085352018-10-27T12:46:39.613-04:002018-10-27T12:46:39.613-04:00No, I haven't seen it. Thanks for pointing it ...No, I haven't seen it. Thanks for pointing it out. Wow. I assume there are all sorts of discussions going on between the banks and the regulators, and even if there is no 'official' ban on certain actions, managements can feel out how regulators would react to various things (larger mergers, for example). So I imagined that they were being held down on various issues (mainly acquisitions), but didn't realize this... but not surprised, actually... kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-48956989902511562702018-10-27T12:23:03.318-04:002018-10-27T12:23:03.318-04:00I wasn't sure if you had seen the story at Blo...I wasn't sure if you had seen the story at Bloomberg about the government limiting JPM's growth. https://www.bloomberg.com/news/articles/2018-10-26/jpmorgan-s-secret-punishment-u-s-halted-its-growth-for-yearsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-91135405564766657482018-10-23T14:26:58.158-04:002018-10-23T14:26:58.158-04:00Thanks!!! Great thoughts. Looking forward to your ...Thanks!!! Great thoughts. Looking forward to your next post.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-40635620198685463642018-10-23T11:24:02.568-04:002018-10-23T11:24:02.568-04:00Hi, yeah, I've been wanting to post something ...Hi, yeah, I've been wanting to post something for a while. As for the market, I haven't changed my view at all since my 'bubble' series. Keep in mind that my benchmark, 'normalized' 10 year rate assumption was 4%. I think I said something like, if long term rates average 4% over the next 10 years, the market P/E can average 25x over that time period. <br /><br />So given that, the market to me, even with the big rise in rates is not in the sort of overvaluation zone that would feed an extended bear market. Yes, the 'E' of the P/E might come down a little as inflation starts to move up (as wages do), but I tend to think this will lead to more pricing power for companies and they will eventually make it back in price hikes.<br /><br />Anyway, it's kind of crazy what's going on in the world; a lot to write about, but not really all that much new in terms of what to do, I don't think... <br /><br />Thanks for dropping by. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-68042762413880615692018-10-23T10:01:53.375-04:002018-10-23T10:01:53.375-04:00Hey KK. Now would be a very very good time for one...Hey KK. Now would be a very very good time for one of your market updates!!!!!!!! Would love to know your thoughts on where we stand. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-77296596783909572582018-09-03T09:50:57.981-04:002018-09-03T09:50:57.981-04:00Thanks for the color from the ground. They are get...Thanks for the color from the ground. They are getting really old for sure. They can't go on forever however much we all wish.kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-21616551620148481932018-09-01T17:58:39.056-04:002018-09-01T17:58:39.056-04:00to clarify, the guys I know interact with WB, not ...to clarify, the guys I know interact with WB, not Ajit....Unknownhttps://www.blogger.com/profile/15720781200908812602noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-56152689817980168632018-09-01T17:56:29.759-04:002018-09-01T17:56:29.759-04:00Well *&^% darn! Post was deleted as I publish...Well *&^% darn! Post was deleted as I published it. shoot.<br /><br />OK, short version. was at my 11th BRK meeting, WB visibly slowing down, and first time ever lost his train of thought as he answered a question. Still amazing for an 87yo. But time gets us all. Also, Munger used a wheelchair off stage. Ajit looked very unhealthy. Visibly so. I know a couple ppl I see out there every year who interact with him a couple times a year. Still amazing energy and drive. He really runs about 15 hr days during the meeting weekend.<br /><br />Strongly agree that the questions are typically softballs. #1 question should always be 'what books have you read/liked this year?'. Rarely asked. Not 'what career should I pursue, what are you buying?'<br /><br />MKL sunday brunch is not to be missed in Omaha. Tom's q&a is fantastic, lots of give and take. Very direct questions, few softballs. Unknownhttps://www.blogger.com/profile/15720781200908812602noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-12761108217360898972018-08-11T09:55:43.654-04:002018-08-11T09:55:43.654-04:00Learnt about value investing options strategy at V...Learnt about value investing options strategy at <a href="https://valueinvestingsingapore.sg" rel="nofollow">Value Investing Singapore</a>. Any one recommends or support the selling of JPM option pls?Anonymoushttps://www.blogger.com/profile/03502404020808547966noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-67304886601575737532018-08-11T09:54:29.097-04:002018-08-11T09:54:29.097-04:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/03502404020808547966noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-10974684258829766452018-07-24T03:23:05.274-04:002018-07-24T03:23:05.274-04:00One bad chapter doesn't mean your story is ove...One bad chapter doesn't mean your story is over.<a href="http://capitalstars.com/intraday-stock-tips" rel="nofollow">intraday Stock Tips</a>Sonal Jainhttps://www.blogger.com/profile/18236588393346408413noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-34094024873966754232018-07-23T22:55:05.259-04:002018-07-23T22:55:05.259-04:00Hi KK,
I have been following your blog for over 5...Hi KK,<br /><br />I have been following your blog for over 5 years now. You have taught me a lot throughout the years and i am always refreshing it to see if you have any new content. Now that the main reason why you started this blog is gone(cheap bank stocks) what direction do you plan for your blog? I really hope you continue to make posts despite your original thesis being met. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-87852890269468638832018-07-17T04:19:49.711-04:002018-07-17T04:19:49.711-04:00In this business if you're good, you're ri...In this business if you're good, you're right six times out of ten. ypo're never going to be right nine times out of them.<br /><a href="http://capitalstars.com/bullion-premium-mcx-tips/" rel="nofollow">mcx tips</a>Sonal Jainhttps://www.blogger.com/profile/18236588393346408413noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-10604608938305200762018-07-08T11:13:34.501-04:002018-07-08T11:13:34.501-04:00Speaking of companies compounding their book at a ...Speaking of companies compounding their book at a good Clip. Any thoughts on EXOR? What probability can be assigned to the discount closing. Partner RE is doing more with their asset base too. alwayslearninghttps://www.blogger.com/profile/10727011229980169978noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-57086552865887294442018-07-04T17:59:21.355-04:002018-07-04T17:59:21.355-04:00AWESOME THE PROMOTION OF GIRL BEAUTIFUL SALES KLIK...<b>AWESOME THE PROMOTION OF GIRL BEAUTIFUL SALES <a href="http://www.gorengayam.net/" rel="nofollow"><b><i>KLIK HERE</i></b></a></b><br><br /><b> GOOD PRICE AND CHEAP<br /> <a href="http://www.ayamgoreng.net/" rel="nofollow">http://www.ayamgoreng.net</a> </b><br><br /><b>PLEASE PRICE DIRECTLY<br /></b><br /><a href="http://gorengayammarketing.webs.com/apps/blog/show/45793177-resep-jamu-untuk-menguatkan-napas-pada-ayam-aduan-bangkok" rel="nofollow"><b>http://gorengayammarketing.webs.com/apps/blog/show/45793177-resep-jamu-untuk-menguatkan-napas-pada-ayam-aduan-bangkok</b></a>Goreng Ayam Marketinghttps://www.blogger.com/profile/09327265361081622336noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-2120708823283965792018-07-02T14:33:56.151-04:002018-07-02T14:33:56.151-04:00Hi KK,
What do you think about how an inversed yie...Hi KK,<br />What do you think about how an inversed yield curve can impact JPM, and other major banks? I remember jamie dimon said a while ago that short term interest rates have more influence on the bottom line of JPM. <br />Also, do you follow insurance brokers such as BRO ad MMC? Or regional banks such as First Republic Bank (I think it is well run but rich valuations). tonysfhttps://www.blogger.com/profile/03369169314019674429noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-76272303919185456052018-06-28T11:15:48.749-04:002018-06-28T11:15:48.749-04:00Hi KK,
As usual great read. Which companies would ...Hi KK,<br />As usual great read. Which companies would you consider Brk like companies? My first thought would be mkl, but I am sure there are others. Also what are your thoughts on some small companies that have the potential / management to become brk like. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-61353958870409205082018-06-27T12:01:31.819-04:002018-06-27T12:01:31.819-04:00Yeah, C is interesting. Some value guys like it fo...Yeah, C is interesting. Some value guys like it for that reason, turnaround. However, I would worry a little bit about the culture; very different than JPM. I don't have any insights from the inside these days, but the Salomon culture was really prevalent on the IB side, and that's scary. I know that must have been tempered down a lot since the crisis, but who knows. In good times they can get stupid again. But still, it is certainly an interesting value idea. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-76902046985354993022018-06-27T11:59:29.072-04:002018-06-27T11:59:29.072-04:00I looked at that a while ago, seemed interesting. ...I looked at that a while ago, seemed interesting. I forgot why I passed on it, maybe as I don't like life insurance etc. But I don't recall anything toxic or red flags either... maybe I'll take another look. thanks. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-27841385392995615842018-06-23T21:29:40.342-04:002018-06-23T21:29:40.342-04:00On the ROTCE peers chart, Citi looks interesting a...On the ROTCE peers chart, Citi looks interesting as a potential turnaround. Probably Citi's price to book is well below JPM's and maybe they have a shot at closing that gap some. Just looking for value ideas. Ginonoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-80859286002316873012018-06-23T20:21:52.215-04:002018-06-23T20:21:52.215-04:00Any thoughts on E-L Financial (ELF.TO)? It's a...Any thoughts on E-L Financial (ELF.TO)? It's a tiny Canadian listed holding company that owns Empire Life and a bunch of value stocks (mostly international and some through listed closed end funds (EVT.TO, UNC.TO)). Historical book value has compounded at about 12% since inception (48 years). The company usually trades at a discount to NAV but it's pretty close to the widest it's ever been at 38%. The company also has no website, doesn't split the stock and is 70% controlled by insiders. Insider owned holding companies also slowly accumulate shares of ELF and the publicly traded closed end funds.Safetyhttp://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/elf-to-e-l-financial-corp-ltd-(-the-jackman's)/80/#lastPostnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-64350467534731882792018-06-22T21:39:23.551-04:002018-06-22T21:39:23.551-04:00Hmm... good question. honestly, I haven't real...Hmm... good question. honestly, I haven't really thought about that too much. But just from the size handicap that BRK has, MKL may have much more headroom for growth, so maybe MKL? kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-60978709032963409352018-06-21T23:18:24.166-04:002018-06-21T23:18:24.166-04:00At current prices, around 1.35x P/B for BRK and 1....At current prices, around 1.35x P/B for BRK and 1.65x for MKL, which one do you like more?Anonymousnoreply@blogger.com