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  • batbeer2 commented on Rupert Hargreaves's article 02-22 11:55
    Charlie Munger Is Worried About American Express; Should You Be?
    One of Warren Buffett (Trades, Portfolio)’s largest legacy positions is American Express (AXP). He has stated his commitment to the business many...
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    batbeer2 02-22 11:55
    • Thanks for sharing your thoughts.

      >> fewer and fewer merchants are willing to pay American Express’ hefty charges to be part of the network.

      Two thoughts:

      1) How do you know this? American Express has by far the largest merchant network of any card issuer. What's more, I believe the number is growing, not shrinking. 

      2) Perhaps it is worth mentioning that Munger (through DJCO) is long American Express.


  • batbeer2 commented on GuruFocus's article 02-15 14:40
    Portfolio Contest Winner Announcement; 24 Hours Left for 2017 Contest
    As we previously announced, it is now time for us to announce the winners for GuruFocus 2016 Portfolio Contest. The winner is based on the...
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    batbeer2 02-15 14:40
    • Hi Gurufocus.

      Good idea, thanks.

      I created a portfolio for the 2017 contest here.

      The portfolio had three stocks and up until friday the portfolio was fine. Just checked on it today and now there is just one stock!? Fannie and Freddie are gone.

      What's worse, the portfolio is no longer within the competition guidelines.

      Of course the portfolio was locked; it certainly wasn't me that removed the two stocks.

      What gives?



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