Charley Munger Archives - Market Mad House

Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

daniel November 12, 2015January 27, 2016 A Potential Threat to UnitedHealth’s Future, Benjamin Graham, Berkshire Hathaway, Charley Munger, classic Buffett stock attribute, Costco, Disruptive Technology, government-financed, Single Payer Health Insurance, Uncle Warren, United Health Group – The Value in Health Insurance, UnitedHealth Group (NYSE: UNH)., Value Investing, Warren Buffett, Why UHG Is a Better Stock Than Amazon, Why UnitedHealth Group Is Underpriced, Why UnitedHealth Qualifies as a Value Investment

United Health Group – The Value in Health Insurance

Beyond the existential reasons, UnitedHealth is just a good basic stock. It gave investors a dividend yield of 1.51% and a return on equity of 18.71% on September 30. In contrast, Amazon paid no dividend and offered investors a return on equity of 2.92% on a stock that was trading at $657.02 a share on November 10, 2015.

Good Stocks Stocks

daniel November 5, 2015March 15, 2016 A lot of cash, Alphabet (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Benjamin Graham, Berkshire Hathaway, Berkshire Hathaway (NYSE: BRK.B), Charley Munger, Costco, Disruptive Technology, GOOG, GOOGL, Google, Modern-Day Widows and Orphans Stocks, Mr. Market, Mr. Money Mustache, Some Modern-Day Widows and Orphans Stocks, Tech is where the money is these days, The best way to describe this company is as a money machine, The company formerly known as Google, Value Investing, Warren Buffett, What a Modern-Day Widows and Orphans Stock Would Look Like

Some Modern-Day Widows and Orphans Stocks

The bottom line is that widows and orphans stocks still exist. You just have to know where to look for them.

Long Ideas

daniel September 30, 2015November 12, 2016 Berkshire Hathaway, Charley Munger, COST, Costco, Disruptive Technology, GOOG, Housing Bubble, Housing Bubble in Canada, Is Canada’s Housing Crisis our Future?, Mr. Money Mustache

Housing Bubble in Canada

One reason why housing is not on the U.S. national agenda is that for most Americans, there is no housing shortage. A quick look at Zillow indicates that prices are actually falling in many markets, including regions in Colorado that are a little over a hundred miles from the red-hot Denver market.

Good Stocks

daniel September 15, 2015April 20, 2016 AMEX, An Industry with a Lot of Cash, Are Credit Cards a Good Investment?, AXP, Capital One, Charley Munger, COF, Costco, DFS, Discover Financial Services, Disruptive Technology, MA, Mr. Market, Mr. Money Mustache, PayPal, The Danger from Defaults, V, Venmo, Visa, Wal-Mart, Warren Buffett, Why Many Investors are Scared of U.S. Credit Card Companies

American Credit Card Companies Are flush with Cash

Despite the risks, the U.S. credit industry is capable of generating a lot of cash, which can lead to high levels of float. Float is Warren Buffett’s term for a constant stream of revenue or stockpile of cash that a company can tap or borrow against at any time. Classic examples of float include credit card fees and insurance policy premiums.

Market Insanity

daniel August 27, 2015March 23, 2016 American Express, Bank of America, Bank of Internet Sucks, Benjamin Graham, Berkshire Hathaway, BOFI, BOFI Fraud, BOFI stock, BOFI Sucks, Bubble Real Estate, Charley Munger, Denver Real Estate Bubble, Disruptive Technology, Is Bank of Internet a Bad Investment?, Is Bank of Internet a Good Invesment?, Mortgage Real Estate Investment Trusts, mortgages, Mr. Market, Mr. Real Estate Bubble, MREITS, Warren Buffett

Some Ugly Truths BOFI Fans Do Not Want to Hear

The reality is you are getting a 2005-style jumbo mortgage lender (with other odd high risk loans) funded primarily by high cost brokered deposit.”

You Missed It

daniel August 20, 2015February 21, 2016 Amazon, AMZN, Charley Munger, COST, Costco, Dollar General, Is Persil available anywhere besides Walmart?, KR, Kroger, Mr. Money Mustache, Value Investing, walgreen, Warren Buffett, Where can I buy Persil ProClean, WMT

Persil ProClean on Sale at U.S. Supermarket

It looks as if Persil ProClean is getting rolled out in the U.S., but it is being rolled out in spurts. One has to wonder when this product will hit Kroger (NYSE: KR) and Target (NYSE: TGT).

Good Stocks

daniel August 10, 2015March 8, 2016 Charley Munger, Costco, COTY, Disruptive Technology, Gain Sales, HENKY, Is Persil available anywhere besides Walmart?, Is Persil better than Tide?, Mr. Market, Mr. Money Mustache, Persil at Walmart, Persil Sales, Persil vs. Tide, PG, Tide, Tide Sales, Warren Buffett

Procter & Gamble: Value Bargain or Dud?

Procter & Gamble looks poised to continue its dominance of the laundry detergent market, a state of affairs that is likely to be strengthened by the rise of online retailers like Amazon.com (NASDAQ: AMZN), which make it easier than ever for consumers to buy popular name brands.

Long Ideas

daniel August 6, 2015February 15, 2016 Airlines as Widows and Orphans Stocks, Berkshire Hathaway, Charley Munger, Congestion Threatens Airlines’ Future, DAL, Delta Air Lines, Delta Airlines Stock, Disruptive Technology, impressive financial numbers, LUV, Mr. Money Mustache, Southwest Airlines Stock, the value case for airlines, Value Investing, Warren Buffett

Is Southwest Airlines a Value in the Sky?

There is a sort of value case that can be made for North American airlines right now. It goes like this: Airlines have a sort of monopoly on intercity passenger travel in the United States and Canada, and it is growing.

Good Stocks

daniel August 3, 2015March 6, 2016 Charley Munger, COST, Costco, Disruptive Technology, Is Kroger a Value Investment, KR, Kroger, Kroger Acquisitions, Kroger Expanding?, Kroger Stock Split, Mr. Money Mustache, Value Investing, Warren Buffett, What will Kroger Acquire, Who will Kroger Acquire?

Does the Stock Split Make Kroger a Greater Value?

This makes Kroger a value investment as in values with a capital V; it treats its employees well. The management works for everybody’s benefit rather than to line their own pockets.

Long Ideas

daniel August 2, 2015March 17, 2016 A 50% drop in auto accidents could lead to a 50% drop in premiums., Auto Insurance Is Still a Value Investment, Berkshire Hathaway, Charley Munger, Costco, Disruptive Technology, Elon Musk, GOOG, GOOGL, Google, Income Inequality, Mr. Market, Mr. Money Mustache, Tesla, That shows us that major dips in insurance company revenue could be right around the corner as well as decreases in premiums., There will be fewer cars, TSLA, Warren Buffett, WMT

Self-Driving Cars Are Almost Here: Is the Insurance Industry Ready?

Even Warren Buffett, whose Berkshire Hathaway (NYSE: BRK.B) owns the iconic GEICO, has taken notice of the potential havoc this disruptive technology could wreak on insurers.

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