Locator: 46171ECON.
As mentioned earlier, I had to quit watching CNBC early last week -- the talking heads were simply too negative about Black Friday and I knew they were going to be so wrong.
Charlie Munger says we're in a recession. Maybe we are; maybe we aren't. But it certainly doesn't feel like a recession to me.
It's an unusual recession -- consumers smashing spending records.
From the linked article:
Americans set a new record for Thanksgiving online shopping, signaling robust economic activity despite inflation concerns, according to new data from Adobe Analytics. Adobe Analytics reported $5.6 billion in online sales during the Thanksgiving holiday on Thursday, marking a 5.5 percent increase from last year. The figure shatters previous records, and represents a near doubling of the $2.87 billion spent in 2017. Mobile sales took the lions share, accounting for $3.3 billion or 59 percent of total online sales.
Next week and a quarter from now we'll see the numbers updated.
Ticker BRK-B --
My delay in pivoting from BRK-B to Microsoft cost me a lot of money.
A lot of investors don't understand P/Es.
I learned that from an analyst this past weekend. Never thought about it until now.
P/E:
- BRK-B: 10
- MSFT: 37
"They" say AAPL's P/E is too "rich":
- AAPL: 31
Over 30 years, my investment in energy (oil) has been one of my worst investments. I wasn't paying attention.
Having said that, it doesn't bother me a bit. For me, it was all about the dividends.
After all these years, the dividend payouts have pushed my cost basis in energy to zero.
And now I'm getting a nice cash flow.
And all these years, that almost guaranteed cash flow from dividends allowed me to invest in other non-energy companies, resulting in a pretty nice portfolio.
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Lego
Black Friday deals likely to extend through Monday.
I don't know.
My new Lego interest: Speed Champions. I bought the NASCAR stock car --
I won't get it, but something to consider: Lego train set, Hogwarts Express -- Collector's Edition, down from $499.99 to $399.99.
Lego city road plates, "must have," down 20%, from $20 to $16.
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