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  • snowballbuilder commented on Grahamites's article 6 min ago
    The Other Side of the Big Short
    There have been a lot of discussions since the book “The Big Short” was published and the subsequent production of the eponymous movie. I...
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    snowballbuilder 07-23 10:21
    • in wich sense taxpaier have paied the short seller ? 

      Directly or indirectly ?

      havent instead the taxpaier paid for the euphoria that have caused the crisis ? The bad subprime mortage and a lot of greed and euphoria ? 

      Finally the fact that burry and paulson could be looking and waiting years for the next big short is not necessary wrong neither bad ... Munger has Made really big money in 1973 buying Washington post and in 2009 buying wfc (profiting from the fear spread by the housing crisis) at the bottom .... He could have done his career with  this 2 investments alone.

      I see nothing wrong with short selling and i see nothing wrong in shorting the housing market and i really see nothing wrong in looking and waiting for year for the next big (long or short) opportunity. 

      Just some thoughts best snow.
  • gallge created personal space. 2 hr ago
  • jtdaniel commented on Grahamites's article 3 hr ago
    The Other Side of the Big Short
    There have been a lot of discussions since the book “The Big Short” was published and the subsequent production of the eponymous movie. I...
    View all 11 comments
    jtdaniel 07-23 06:37
    • Hi Grahamites,

      I really enjoyed your article. The Big Short is a great read and obviously more in-depth and less dramatic than the movie. The government was encouraging financial institutions to extend mortgages to high-risk buyers in order to promote equal opportunity in home ownership. This "ownership" often took the form of interest-only or short-term, adjustable rate mortgages. Easy credit terms and lack of due diligence by lenders led to a bubble in housing prices. Many people saw this, but Burry figured out a very complex way to profit from it. He would have failed his investors by walking away from the opportunity. I am long Berkshire and admire Munger and Buffett. Even so, from my perspective it is not good second-level thinking to grant them the last word on every aspect of life. Best, dj   
  • jschmitz47 commented on Ben Reynolds's article 3 hr ago
    How Much Do Interest Rates Affect the Market’s P/E Ratio?
    The 10-Year T-Bonds hit all time yield lows in July 2016. Interest rates are not just low, they are near all time lows. Average 10 year T-Bond...
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    jschmitz47 07-23 06:33
    • Pretty interesting and insightful analysis.

Yesterday

2016-07-22

  • creoqueno commented on Chuck Carnevale's article 07-22 03:37
    What Will Happen to the Stock Market When Interest Rates Rise? Part 1
    Introduction Interest rates have been in a freefall for the better part of the past two decades. Moreover, the yield on the 10-year U.S. Treasury,...
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    creoqueno 07-22 04:37
    • Since 2000 earnings has escalated. So maybe it's the raise in earnings that has driven down PE:s?This could be explained by creditbooms and a constant hunt for margin improvements (abnormal macrofactors)? when mesuring PE you should use aggregate numbers that is total market value/total earnings and not eps. Buy-backs does not affect the profit in companies.

       

       
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