Notes On A Monday Night -- June 22, 2020

Corona virus pressure? Dak Prescott signed. Regular readers know my thinking on this one. This is a one-two contract story, so it's not over yet. Prescott signed a $31.4 million contract "under the franchise tag." He must report to training camp, or risk being fined. He and the Cowboys are still working on a long-term contract. Links everywhere; here's one (paywall). Same story, no paywall.

As it stands now, Dak is guaranteed $31.4 million to play one year, 2020 - 2021. He and the Cowboys have until July 15, 2020, to sign a longer term contract. If they can't come to an agreement, we will go through this again in 2021.

So, when will the NFL begin playing before full stadiums? My hunch: the day after the November, 2020, general election.

MLB: sounds like no one cares. 

Prop 65: Bayer, Roundup, cancer -- Bayer wins ruling blocking warming in California. Completely unexpected. 

Did anyone else catch this, or did corona virus drown out the news: NASDAQ closed at a record high, no doubt propelled by the likes of AAPL. NASDAQ up 1.11% to 10,056.48. Link here.

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Warren Buffett

For background, see these posts:

• June 10, 2020;
• June 9, 2020;
• June 8, 2020;
• the Investor's Business Daily article, June 8, 2020;

Since that story was posted on June 8, 2020, this imaginary portfolio:

• the four airline holdings mentioned increased from $2.7 billion to $2.942 billion, a 9% increase;
• meanwhile, AAPL holdings in this imaginary portfolio increased from $2.7 billion to 3.845 billion, a 42% increase in value (between March 24, 2020, and June 22, 2020);

 And, of course, the real question: would you rather be holding the four airlines or AAPL stock in your portfolio today?

This spreadsheet is unlikely to make much sense to anyone. I am posting it for the archives. 

The Buffett hypothetical spreadsheet, airlines vs AAPL:

	Airline	Shr Price: 3/31/2020	Dollars: 3/31/2020	Shares	Shr Price: June 22, 2020	Total: June 19, 2020
	DAL	28.53	675,000,000	23,659,306	29.45	696,766,562
	UAL	31.55	675,000,000	21,394,612	36.47	780,261,490
	AAL	12.19	675,000,000	55,373,257	14.64	810,664,479
	SWA (LUV)	35.61	675,000,000	18,955,350	34.54	654,717,776
			2,700,000,000			2,942,410,306
	AAPL	254.29	2,700,000,000	10,617,799	362.10	3,844,704,865
						902,294,558
						2,942,410,306
						30.67%
March 24, 2020		224		10,617,799		2,378,386,881
6/19/2020		362.10		10,617,799		3,844,704,865
						1,466,317,983

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All Caught Up

I'm calling it a night. Nights like these come only once in a blue moon, as they say. I am all caught up.

I have cleared my desk; everything is scanned, everything is thrown away or electronically filed. I no longer file hard copies but for some some very, very rare exceptions. Every bill has been paid, including bills that are in sealed envelopes but won't go out until July 1, 2020. I could pay all bills electronically but there are a few I like to pay the old-fashioned way.

There is nothing on television worth watching. I'm not interested in any of my DVDs. Our cars have all passed annual inspection and are registered for another year. Every member of the extended family is home or if not  home, where they want to be.

It's only 9:45 p.m. I don't go to bed until after midnight. Three hours of bliss. And how will I spend it?

Listening to Charlie Rich. I will start with Charlie Rich. From there, who knows where I will end up.

There Won't Be Anymore, Charlie Rich