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fisch777

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  1. If you are going to use active managers, it makes sense to hold them in Roth to avoid taxes on capital gain and div distributions that you otherwise are forced to pay in a taxable account. I see the rationale for index funds, but I do think there are a few concentrated active mutual funds that are likely worth the extra cost. By holding them long-term in a Roth, you are also paying the manager to make allocation decisions for you: holding cash, buying/selling opportunistically. You obviously don't get this with an index fund.
  2. Thanks for links. That FBN anchor is just painful. Why does FBN exist?
  3. If I recall correctly, both V and MA were trading at 12-13x FCF multiples ex-cash in late 2010/early 2011. Of course Durbin was threatening, but they were being valued for close to zero future growth at the time.
  4. Abundant, permanent dry powder on call is definitely a bonus. Didn't realize Suncor was attributed to Ted. Would have assumed it was Todd due to NOV, etc. Does anyone know more about this investment for BRK? Canadian oil sands was certainly contrarian this time last year with Keystone hype and huge differentials on fears of "trapped" oil.
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