DriftBusta Posted January 15, 2018 Share Posted January 15, 2018 1 hour ago, ArcticCrusher said: According to Morningstar 20. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted January 16, 2018 Share Posted January 16, 2018 10 hours ago, ArcticCrusher said: According to Morningstar 20. I know it’s been going on forever but I find it interesting that if you bought the whole company, providing their profits didn’t change, it would take 20 years to get your money back. If you bought a business that isn’t publicly traded you would pay between 3 and 5 times EBITDA. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 10 hours ago, revkevsdi said: I know it’s been going on forever but I find it interesting that if you bought the whole company, providing their profits didn’t change, it would take 20 years to get your money back. If you bought a business that isn’t publicly traded you would pay between 3 and 5 times EBITDA. Junior achievers would call that a swell investment. Private businesses can provide much better returns but then you are usually very hands on. I'm OK with doubling mine in 5 years, although I don't expect that to repeat, but I target 8. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 26K today. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 16, 2018 Share Posted January 16, 2018 1 minute ago, ArcticCrusher said: 26K today. thanks trump Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted January 16, 2018 Share Posted January 16, 2018 1 hour ago, ArcticCrusher said: 26K today. 30k by June as long as the Democrats don't fuck anything up. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted January 16, 2018 Share Posted January 16, 2018 1 hour ago, washedupmxer said: thanks trump No...no, no.... "Thanks Obama!!!!!" Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 4 minutes ago, Zambroski said: No...no, no.... "Thanks Obama!!!!!" No, no, no "Thanks Troody" The real leader of the free world. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 8 minutes ago, DriftBusta said: 30k by June as long as the Democrats don't fuck anything up. That long? Trump needs to drain a few more swamps. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted January 16, 2018 Share Posted January 16, 2018 2 minutes ago, ArcticCrusher said: No, no, no "Thanks Troody" The real leader of the free world. SO many great leaders on the left....really hard to keep up! Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted January 16, 2018 Share Posted January 16, 2018 3 hours ago, ArcticCrusher said: Junior achievers would call that a swell investment. Private businesses can provide much better returns but then you are usually very hands on. I'm OK with doubling mine in 5 years, although I don't expect that to repeat, but I target 8. Your long term plan is to double your investments in 5-8 years buying shares in companies who’s value based on profit will double in 20. Do you see much wrong with that? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 (edited) 30 minutes ago, revkevsdi said: Your long term plan is to double your investments in 5-8 years buying shares in companies who’s value based on profit will double in 20. Do you see much wrong with that? Wow, just Wow. Here one of the best real stock pickers in Canada, he could give two shits about valuations. https://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/this-canadian-fund-manager-doesnt-believe-in-buffett-and-is-buying-everything-crypto/article37324444/ Edited January 16, 2018 by ArcticCrusher Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted January 16, 2018 Share Posted January 16, 2018 1 hour ago, ArcticCrusher said: Wow, just Wow. Here one of the best real stock pickers in Canada, he could give two shits about valuations. https://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/this-canadian-fund-manager-doesnt-believe-in-buffett-and-is-buying-everything-crypto/article37324444/ So you think he’s really good? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 26 minutes ago, revkevsdi said: So you think he’s really good? Yes, I have a lot of money invested in his three funds. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted January 16, 2018 Share Posted January 16, 2018 3 minutes ago, ArcticCrusher said: Yes, I have a lot of money invested in his three funds. The fund you highlighted started after the crash. I find mutual funds tend to do that after s good crash. Reset low in order to look better. But if you bought Canadian bank stocks after the crash, wouldn’t the returns after dividends been better than his fund after mer? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted January 16, 2018 Share Posted January 16, 2018 20 minutes ago, revkevsdi said: The fund you highlighted started after the crash. I find mutual funds tend to do that after s good crash. Reset low in order to look better. But if you bought Canadian bank stocks after the crash, wouldn’t the returns after dividends been better than his fund after mer? Huh? Are you high? First off he started Special Situations in April 2007, so it went through the crash and has averaged 15% since inception. There aren't too many out there that can say that. If only I bought at the very very bottom. He took over Canadian Growth in 2011 and Global Innovators started in Nov 2017. https://www.theglobeandmail.com//globe-investor/funds-and-etfs/funds/summary/?id=65587&companyName=Fidelity Special Sit Srs A Quote Link to comment Share on other sites More sharing options...
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