So, uh. The latest geo survey from the wifes lab show viable amounts of rare earths. Exciting stuff.
So, uh. The latest geo survey from the wifes lab show viable amounts of rare earths. Exciting stuff.
There are lots of known rare earth deposits in the US, its just never been economically viable to mine them because China keeps the market tied up.Originally Posted by Jason Marshall
To be fair, if the Asteroid mining takes off, rare earths will be a dime a dozen in short order.
Numbers came out over half an ounce of an assortment per ton.
Rare earths are economically viable with concentrations that low? Huh.
the tailings of their mine are more gold rich than most of the active gold mines in the world. .03 ounce per ton~. they just arent allowed a leech feild in the middle of a federal preserve.Rare earths are economically viable with concentrations that low? Huh.
So, Berkshire hathaway. Worth buying, or is buffet pulling a Jobs too much of a risk?
Blah blah tapatalk
Contract stuff to Seraphina Amaranth.
"You give me the awful impression - I hate to have to say - of someone who hasn't read any of the arguments against your position. Ever."
I read an interesting analysis the other day.
When the market is outperforming, berkshire hathaway is generally underperforming. When the market corrects, recesses, crashes, berkshire hathaway beats the market by either not falling as much or staying in the black. The relationship has very little historical variance.
Right now, the US market is outperforming, and BH is underperforming. You tell me what you should do.
When it comes to annual performance numbers used in analysis like these I have a problem thinking its no different than casinos displaying recent Roulette Wheel numbers that hit. I know their isnt much more to go on but I always start by looking at current players in the entity before even looking at annuals going back more than 5 years.I read an interesting analysis the other day.
When the market is outperforming, berkshire hathaway is generally underperforming. When the market corrects, recesses, crashes, berkshire hathaway beats the market by either not falling as much or staying in the black. The relationship has very little historical variance.
Right now, the US market is outperforming, and BH is underperforming. You tell me what you should do.
At it's current valuation of 1.15x book you can buy within 5% of the value Buffett recently set to aggressively buy back shares. Berkshire has never bought back it's shares before this. Berkshire's book value has increased at a rate greater than the S&P 500 in every 5-year period over the past four decades. Buffett has ~98.5% of his wealth in Berkshire.
Those sound like pretty good odds to me.
(In full disclosure, I am a Berkshire shareholder & Warren Buffett groupie)
One thing to keep in mind is that even the B shares have an extremely high per share cost. But otherwise seems like a legit investment to me.
Edit: I wonder what will happen when he dies.
Wealth moves laterally.One thing to keep in mind is that even the B shares have an extremely high per share cost. But otherwise seems like a legit investment to me.
Edit: I wonder what will happen when he dies.
Hmm wouldn't mind picking up a couple hundred class B shares but it's probably a royal pain in the arse getting them from overseas, not to mention the tax implications.
Blah blah tapatalk
Contract stuff to Seraphina Amaranth.
"You give me the awful impression - I hate to have to say - of someone who hasn't read any of the arguments against your position. Ever."
Markets will go down until good news from American labor/earnings/unemployment reports, then go up until people are reminded how fucked Greece and Spain seem to be.
I'm gonna go ahead and say that we are only 2 more pieces of tragic bad news + an ugly Greece exit from the Euro away from another global recession. Considering everything that's already added up, and the fact that the US still doesn't have a working government in terms of dealing with urgent issues, I think it's a fair assumption.
I've been expecting a double-dip recession for the past month or so. Given how knee-jerk the American Public are, the GOP might just jump all over this shit and fuck things up even more by getting elected with supermajorities in the House, Senate, and White House
God only knows; we'll see in November.
If the Aussie dollar could bust past USD parity again and maybe hit somewhere in the range of 1.05-1.10 again, that'd be great - I have some shopping to do soon.
Can't the Germans just break up Greece and sell it for scrap to recover the debt?
Contract stuff to Seraphina Amaranth.
"You give me the awful impression - I hate to have to say - of someone who hasn't read any of the arguments against your position. Ever."
Greece won't leave the union.
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