Think On Things

  Keys: It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. Efficient markets exist only in textbooks, in truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect. Berkshire used 7 years to purchase 400 million shares of Coca-Cola. Charlie’s thoughts: The world is full of foolish gamblers, and they will not do as well as the patient investor. If you don’t see the world the way it is, it’s like judging something through a distorted lens. All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly . If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results. Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage. You can learn a lot from dead peopl...

Summary   Why? CEO estimated that the stock will double in the next 10 years at the annual meeting on Jan’23. We go to COST every week; we have 1st hand shopping experience COST unique culture (we should invest company with unique culture) Management - Incentive does not come from Stock options; C-level or Sr. position is from their long-time employee only. Extremely focus on cultivating an excellent relationship with employees, customers, and even suppliers. The only warehouse/retailer companies do everything they can to lower prices. Old school culture - no leverage/loans and think long-term. Long-term strategy Buy COST using a retirement account to avoid taxing on dividends. PE around low 30ish; stock price below 430. Need to figure out the size if we want to enjoy its dividend.  Valuation COST PE in the last 5 years (since 2018). Given the success of Costco China and its plan in China, I see its growth potential in big time.  Min = 25.74(Dec 24, 2018) Max =   49...

  F-Y Q4 Q1 Q2 Q3 C-Y Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep MU TSMC INTC AMD NVDA NKE LULU WM HD TGT COST ZS NET (Cloudfare) CRWD FTNT PANW ADBE TSLA MSFT META APPL GOOG SNOW