Money and Finance
On Wednesday, June 12th I picked up some shares of ExxonMobil (XOM). I've been trying to become a part owner of this company for a long time but the initial yield is what has kept me from doing so. Since my cash has continued to build up during the market run up I took advantage of a bit of weakness in the markets and XOM's share price to put some money to work. You can only build cash to a certain point before you're losing out by not being invested. I drew a line in the sand and decided that on the next dip below $90 I'd finally become a part owner in this wonderful company.
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- Eddie Lampert's Letter To Sears Shareholders
If one owns 10% of a company, or 1% of a company or .0000001% of a company, what matters is how that investment fares over time. A company worth $1 billion that doubles in value to $2 billion only doubles an owner’s investment if the number of shares...
- Recent Buy
I'm a bit late on this update but it was a crazy weekend with lots of work and other writing that I wanted to get done. The markets have started to turn things around in February and I have no idea which was the head-fake, the dip or the subsequent...
- Recent Buys
Last week was quite a busy week for both my FI Portfolio and my Roth IRA. I made 3 purchases between the two accounts and while that hurts my capital raising for an investment property, I felt all 3 represented good value at the time so I went ahead...
- Recent Option Transaction
I'm finally getting a chance to write about the put option I tweeted about on Lorillard that I had sold on Wednesday, May 1st. The markets continue to be a bit overheated so I've been focusing a bit more on selling puts in order to have some...
- To Sleep Well At Night Buy Businesses Not Sardines
The wild gyrations in markets brought to mind a mindless species - sardines. Specifically, the story that Seth Klarman shared: “There is an old story about the market craze in sardine trading when the sardines disappeared from their traditional waters...
Money and Finance
Recent Buy
On Wednesday, June 12th I picked up some shares of ExxonMobil (XOM). I've been trying to become a part owner of this company for a long time but the initial yield is what has kept me from doing so. Since my cash has continued to build up during the market run up I took advantage of a bit of weakness in the markets and XOM's share price to put some money to work. You can only build cash to a certain point before you're losing out by not being invested. I drew a line in the sand and decided that on the next dip below $90 I'd finally become a part owner in this wonderful company.
Read more »
- Eddie Lampert's Letter To Sears Shareholders
If one owns 10% of a company, or 1% of a company or .0000001% of a company, what matters is how that investment fares over time. A company worth $1 billion that doubles in value to $2 billion only doubles an owner’s investment if the number of shares...
- Recent Buy
I'm a bit late on this update but it was a crazy weekend with lots of work and other writing that I wanted to get done. The markets have started to turn things around in February and I have no idea which was the head-fake, the dip or the subsequent...
- Recent Buys
Last week was quite a busy week for both my FI Portfolio and my Roth IRA. I made 3 purchases between the two accounts and while that hurts my capital raising for an investment property, I felt all 3 represented good value at the time so I went ahead...
- Recent Option Transaction
I'm finally getting a chance to write about the put option I tweeted about on Lorillard that I had sold on Wednesday, May 1st. The markets continue to be a bit overheated so I've been focusing a bit more on selling puts in order to have some...
- To Sleep Well At Night Buy Businesses Not Sardines
The wild gyrations in markets brought to mind a mindless species - sardines. Specifically, the story that Seth Klarman shared: “There is an old story about the market craze in sardine trading when the sardines disappeared from their traditional waters...