Author Topic: Zach With Munger  (Read 7664 times)

augustabound

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 991
Re: Zach With Munger
« Reply #10 on: February 07, 2013, 01:47:42 PM »
I can't think of a picture I've seen Charlie smile in......................must have been the cookie.  :P
"Serenity now, insanity later." - Lloyd Braun


hellsten

  • Guest
Re: Zach With Munger
« Reply #11 on: February 07, 2013, 02:34:13 PM »
Good number of topics covered in his tweets from yesterday:

https://twitter.com/AlexRubalcava

(from the BYD thread)

Thanks.

I'm taking the liberty of posting some of those tweets here (easier to find than on Twitter):

Quote
- Li Lu says BYD has compounded at 75% since its founding 15 years ago.

- Li Lu talked about engineering, problem-solving culture of BYD.

- Munger just praised Mohnish Pabrai for copying the Buffett Partnership "down to the last comma."

- Munger talking about the embedded options in the public notice papers he bought for Daily Journal.

- Phoenix public notice paper generated "thousands of percent" return for Daily Journal.

- Charlie talking about pricing power as the mark of a great investment.

Source https://twitter.com/AlexRubalcava

Parsad

  • Administrator
  • Hero Member
  • *****
  • Posts: 8724
Re: Zach With Munger
« Reply #12 on: February 07, 2013, 02:38:01 PM »
That's pretty cool that Munger praised Mohnish.  It's like getting a nice pat on the back by one of your heroes...and Munger doesn't throw out accolades very often!  Cheers!
No man is a failure who has friends!

Grenville

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1042
Re: Zach With Munger
« Reply #13 on: February 07, 2013, 03:20:38 PM »
That's pretty cool that Munger praised Mohnish.  It's like getting a nice pat on the back by one of your heroes...and Munger doesn't throw out accolades very often!  Cheers!

He also referred to Mohnish last year when answering a question about energy or commodities. I can't remember the specifics.

MVP444300

  • Full Member
  • ***
  • Posts: 100
Re: Zach With Munger
« Reply #14 on: February 07, 2013, 07:00:00 PM »

Palantir

  • Hero Member
  • *****
  • Posts: 2620
Re: Zach With Munger
« Reply #15 on: February 07, 2013, 08:46:46 PM »
Did CM or anybody provide clarity on what they're going to do with the newspaper business or the portfolio after the current management has retired/passed on? Are they expanding the business or milking it to provide for the portfolio?

Sorry for the questions on this thread. I used to own it, but I have no idea what goes on inside this thing.
My Portfolio: AMZN, PAGP, FSLR, OKE, PYPL, RHT, MSFT

savant

  • Jr. Member
  • **
  • Posts: 62
Re: Zach With Munger
« Reply #16 on: February 08, 2013, 12:22:37 AM »
Quote


- Munger talking about the embedded options in the public notice papers he bought for Daily Journal.



Would someone be kind enough to explain what CM meant by the above?

Grenville

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1042
Re: Zach With Munger
« Reply #17 on: February 08, 2013, 09:53:08 AM »
Quote


- Munger talking about the embedded options in the public notice papers he bought for Daily Journal.



Would someone be kind enough to explain what CM meant by the above?

He referred to how when the bought the small newspapers at very low prices, they got a free option that if there was a foreclosure boom they would get extra returns from the public notice advertising that goes with it. He also said they didn't buy those papers at the time with the embedded option in mind. It's something that they got lucky with. Essentially my read on his response was that they didn't consider that option at all or give it any value when they bought the papers.

Buffett_Groupie

  • Full Member
  • ***
  • Posts: 203
Re: Zach With Munger
« Reply #18 on: February 08, 2013, 11:46:33 AM »
I'm showing off mine with Munger who has a bigger smile, which is rare! :-)

savant

  • Jr. Member
  • **
  • Posts: 62
Re: Zach With Munger
« Reply #19 on: February 09, 2013, 10:50:04 AM »
Quote


- Munger talking about the embedded options in the public notice papers he bought for Daily Journal.



Would someone be kind enough to explain what CM meant by the above?

He referred to how when the bought the small newspapers at very low prices, they got a free option that if there was a foreclosure boom they would get extra returns from the public notice advertising that goes with it. He also said they didn't buy those papers at the time with the embedded option in mind. It's something that they got lucky with. Essentially my read on his response was that they didn't consider that option at all or give it any value when they bought the papers.

Interesting. Thanks very much for your response Grenville.