American Express Co. (AXP)
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- Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
- What Did Buffett Buy: American Express or Wells Fargo? [view article]
- Hedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
- Is Buffett Buying American Express for Berkshire Hathaway? [view article]
- Dow Price Targets from Last November [view article]
- Credit Makes the World Go 'Round [view article]
- 15 Value Hedge Funds - Portfolio Update [view article]
- Big Ben's Jackson Hole, Wyoming Pep Rally [view article]
- Warren Buffett Accumulates NRG Energy, Ingersoll-Rand and Union Pacific [view article]
- Takeover Talk - Fast Money Recap (8/22/08) [view article]
- Hedge Fund Tracking: Clarium Capital [view article]
loading ...Recent AXP Articles
- Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree
- Is Buffett Buying American Express for Berkshire Hathaway?
- What Did Buffett Buy: American Express or Wells Fargo?
- Big Ben's Jackson Hole, Wyoming Pep Rally
- Dow Price Targets from Last November
- Takeover Talk - Fast Money Recap (8/22/08)
- 15 Value Hedge Funds - Portfolio Update
- Hedge Fund Tracking: Blue Ridge Capital (John Griffin)
- Hedge Fund Tracking: Clarium Capital
- The Value of Being Approximately Right
- Full List of Articles »
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Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
BNI is a great company trading about 15% too expensive to be worth buying. I wish Buffett would dump it so all the coattail riders would get out and I could get some more at a decent price. Meantime I'll keep buying CNI which is at nearly as good but much cheaper. ReplyWhat Did Buffett Buy: American Express or Wells Fargo? [view article]
Emerald, nice slam. (and appropriate) ReplyWhat Did Buffett Buy: American Express or Wells Fargo? [view article]
WELLS FARGO - I bet 100% on it. ReplyBuffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
Another clueless dork who hasn't done any homework.This article is useless Reply
Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
I have been looking at BNI more lately, seems like a good buy, freight trains get amazing efficiencies in cost of fuel when shipping goods when compared to trucking. BNI has great management also. ReplyHedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
Keep in mind that many hedgies have "boxed" positions, meaning that reading the reported filings can send copycats in the wrong direction entirely. Take a position like BARE, NTRI or CROX. Most hedgies have been short these names - openly so in some cases. Just because Blue Ridge shows a long position in BARE doesn't mean it is net long. It could have an equal or larger short position in BARE. Sounds silly to many retail investors to be simultaneously long and short the same stock. Here's some reasons why to box a position: 1) show a long position; get better access to management, though you're really only researching a short. 2) getting stock borrow can be difficult for big short positions in heavily shorted names. Let's say you're short BARE and it plummets in value. You think it may rise again (to where you'd short it again) before going to even lower levels. You buy BARE long after the first decline while maintaining your short position (not "covering," but mathematically pretty similar, with the "carry" being the differentiator). When the stock rises again, you sell your long shares, effectively re-opening your short position. Back the old days of the Uptick Rule for shorting (only short sell on an uptick to avoid freefalls), this strategy also allowed hedgies to short by selling the long shares (no uptick rule) instead of struggling to short in a declining tape.I think the holdings still can give you a feel for what firms like Blue Ridge are involved in, but don't bet the filings are telling you in which direction they're betting. Reply
Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
Union Pacific split, dumbass. Trane was bought by Ingersoll Rand. Replyr123
What Did Buffett Buy: American Express or Wells Fargo? [view article]
I say this as a Berkshire holder for over 10 years: WHO CARES. Do your own homework and pick either AXP or WFC or pick something different altogether. Warren would never follow someone blindly and neither should any other investor. ReplyBuffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
I think the saying he bought Ingersoll Rand and sold Trane is also wrong because didn't they acquire Trane in a cash and stock transaction. ReplyBuffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
Buffett bought Bank of America (BAC) circa June 2007 at about 50. Six months later, BAC's writedowns drove down its price to 40. A year later, BAC is trading at about 30. Banks fooled Buffett and BH like everyone else.Given this fallibility, chasing any one of Buffett's picks is a mistake. Reply
Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
"Even more interesting, in a move that highlighted Buffett’s bullishness on railroad stocks, Berkshire doubled its stake in Union Pacific Corp. (UNP), taking its holdings from 4.45 million shares at the end of March to 8.91 million shares as of June 30."This is inaccurate -- Berkshire didn't buy any new shares; rather, UNP had a 2 for 1 stock split Reply
What Did Buffett Buy: American Express or Wells Fargo? [view article]
So, split your investment funds into both. ReplyWhat Did Buffett Buy: American Express or Wells Fargo? [view article]
Buy silly putty. It's funnier. ReplyIs Buffett Buying American Express for Berkshire Hathaway? [view article]
Get an explanation to how those calculations are being made before you believe them. Those numbers are Economic Capital as defined by IRA in association with what they think about derivative exposures, which basically means, IMO, that if you make a market in derivatives, Economic Capital "as calculated" by IRA is completely deficient because of what they assume about is required because of notional exposure. Notional exposure can increase through time through what is essentially trading and offsetting risks, not really the addition of new positions (ie: if you sell a position to another party, your net exposure went to 0, but your notional exposure doubled). If you want transparency as to what real risk for banks are considering the economic capital needed to underlie the risks on the portfolio, then they need to disclose how exactly they come up with the numbers and I've never seen that. If they have, that's great and it should be more obvious. It seems to me that the numbers they come up with are materially different than from a regulators POV and since JPM has been one of the strongest banks through the crisis and according to IRA faces the largest risk, then either the market doesn't see the risk that IRA supposes they face, or the market disagrees with the analysis. Reply
What Did Buffett Buy: American Express or Wells Fargo? [view article]
Both have serious troubles. AXP credit card debt is the next shoe to fall. WFC, oh those lousy loans. Reply