Wow thank you so much for all the charts and your take on them!! Really appreciate it!
How do our gurus feel about Airbus? I wonder if it’s another no brainer I slept on ever since the bean counters ruined “the jewel of American engineering” (as an American Friend put it).
Disclaimer: not a guru! Let alone a flying guru!
Expected forward earnings growth certainly looks impressive and nice, uh, tailwind from Boeing.
Still won’t, ahem, fly for me, though.*
[*] Unsteady dividends, still a little expensive for Goofy since Uncle Scrooge told him to always look for a margin of safety if possible.
Would take it hand over fist if I had to choose between Airbus and Boeing, though:
Thanks, I doubt I’ll get it but certainly looks like a healthy company, I was actually thinking about it more than a year ago, just got reminded today where I saw some tweet that last quarter AirBus got ~450 orders for planes to Boeing’s ~50, so there’s a moat too.
I held SBSW as a platinum play but later sold as I didn’t want to hold that country risk in the end.
Obviously, platinum hits 10 year highs after I sold and SBSW is up 55% since I sold.
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So the rule you need to stick to is simple - never sell 
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Honestly, if I stuck to that rule, I’d have been retired 5 years ago!
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Yep, reach a critical mass, plug it all on JEPG and SCHD, spend the rest of your days laughing at dividend irrelevance, at least that’s the (my) dream 
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My initial portfolio was a concentrated equal weighted portfolio of:
- Amazon
Had I left just this initial portfolio alone and never added to it, it would have been enough to retire on.
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An uncle of mine just bought MSFT shares…in the early 90s. They don’t have financial issues but he’s still working because he likes to.
I know one guy who bought apple stock not long after Jobs returned to Apple and kept hold of it. He retired off that one investment.
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Yeah. Was it Forrest Gump? Lt Dan invested in some fruit company, apparently.
I’d say back then Apple’s future was uncertain, however MSFT was already embedded by the 90s.
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MSFT had some rough stretches, e.g. flat from 2000 to 2016.
Your uncle has diamond hands for still holding them after buying them in the early 90s and sticking with them through the lost decade and then some.
Some rough stretch from 1984 to about 1998.*
Obvious conclusion is that stock picking is insane!
Oh wait … wrong thread. 
[*| Steve Jobs returned to Apple in 1997, so your guy had the perfect market timing for getting into Apple. 
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Unless you pick the best performing ones. Then it’s not. Only problem is investor only get to see this at the end of the period due to lack of crystal ball.
I bet dividends helped
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I think they only started to pay dividends up from 2009. Still more than a lost decade. I really did never understand how such a company could make that much money, not early not later…
2003 I read now. That said, indeed I don’t know why the crazy rise from 2014-2015 given they were already super established. Is it then that they started being in the data hosting/enterprise space?
Ballmer out. Nadella in.
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I would recommend to hear the podcast volume 2 about Microsoft on Acquired.
Balmer doesn’t get the credit he deserves for the success of Microsoft. People assume that Nadella changed everything but lot of it was in the making already under vision from Balmer.
There were also lot of issues with antitrust which bogged down MSFT for certain period. This podcast talks about it
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Right after I buy oil, there’s a ceasefire in the Middle East and Trump says that China can buy Iranian oil again causing oil prices to crash.
I’ll give my address so you can send me my Nobel Peace Prize.
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