The debt ceiling forced a trillion dollars of stimulus into the economy since mid 2022 as the Treasury General Account (TGA) was spent down. The TGA rebuild will amount to $730 billion in T-Bill supply over the next three months and about $1.25 trillion for the rest of the year
- By - 100_PERCENT_BRKB
- By - beni__jamin
It's strange as I always saw DG as a defensive stock for downturns...
Would like to hear your thought process on this one.
When people are feeling the financial squeeze they turn to budget retailers like Wal-Mart and Dollar Stores.
And you think those who swap "down" is large enough to drive meaningful revenue? What about those who already use Dollar Stores as their main retailer, even when times are good?
what is SMB?
To my dismay, I really don't think the market gives a rat's behind about fundamentals anymore.
So don't buy expensive shit.
Die höher Zinsen ist nicht dein Problem als Mieter.
Interesting that Costco as a retailer is favored by Munger while he stated clearly that Alibaba (Another retailer) was the "biggest mistake of his life"
If this is in bitcoin or ethereum I would NOT sell!
Mate please help me get a 38% return
Only 38% CAGR? Pfft...
I do long-term active investing.
All of this will need to be paid back at some point.
They can’t pay it back. Their plan is to inflate it away.
inflation is a way of paying it back.
And no, I didn’t start with 200k, before someone chimes in with the inevitable 😆
You started with 1 million?
18 days to FOMC.
lots of great buying opportunities of great companies.
20% over a 5 year period is pretty bad. If Warren buffet were in our shoes and he had a smaller investment account, I don’t think he would invest in Markel.
Stock price has very little to do with business performance.....
I'm interested to know more. Are you doing Lean/Coast/BaristaFIRE?
Nope, Just because I am FI doesn't mean I will RE.
Don't tell the bogleheads that to this day DCAs into VOO or VTI.
What's your buy price for LVMH?
It was around 450€/shr when I last updated my model on 2nd Sept 2022.
Chipmakers are a very capital intensive business and have to reinvest the profits back into the business and as Intel found out if they're wrong about feeding more and more money into the business, the profitability will deteriorate. As Buffett has said something to the effect "Microsoft and Google don't require much capital to run...they have royalty streams on users similar to Coca-Cola having a royalty stream on each serving of Coca -Cola sold... that's why we prefer companies that are asset light and aren't capital intensive "
An you pay dearly for such companies.
Shiller PE ratio for SP500 is close to 30.
stonk only go up
It's just as easy to buy a company below intrinsic value only to watch its intrinsic value fall to match its price. So what's your point?
then the real intrinsic value was lower than you thought.
DOnt give a shit about stock price.
Transparency is good. You made the right decisions and followed the right process.