After great reviews, many in the value investing forum requested a second interview with William Spetrino Jr. The people requested it and we have delivered.
Well Billy, the people have asked for the second part and we now have to deliver. Below are 3 questions we received from the forum. This question came from Buffettclone:
“Ask him about his earlier business ventures and how they influenced him?”
In first grade, I bought a pack of baseball cards for 5 cents and one kid in school offered me a quarter for Sam McDowell, a Former Cleveland Indian pitcher, I took the money and bought 5 more packs and have bought and sold sports memorabilia on and off for the past 40 years. The return on investment is “lights out” and for those investors with less than five thousand dollars,I recommend sports memorabilia over stocks because of the high rates of return provided you have someone like me being your”buyer”. Email me at ticketbill@aol.com if interested in using my expertise, contacts and buying power to compound your money and be my”partner” with my”risk free” program.
Selling tickets, sports betting service,vitamins ,golf balls,insurance, advertising have all helped me being a better investor because of being a businessman.Buffett has said something to this effect as well and like is stated in my book ,every investor should sell something they enjoy buying for the tax savings and the experience of having to sell something.
What does Billytickets think of Short Jester submitting all winning trades?
As many of you know shorting stocks is nothing billytickets has ever done personally. Short Jester and myself have mutual friends that are in the same circle. He prefers to be judged on his results and not his obvious disdain for most people. He decided to help out when we started this website to provide a different perspective. Certainly 19 or 20 consecutive winning trades and no losing trades has certainly opened a few eyes as evidenced by his thread’s continuing success. Steven Walthall’s options thread and my bargain bin thread have all done well this year despite the poor overall market in 2008 so far. Many of the “younger guns” such as YOU Alex Garcia,135713yd and the 30ish Italian dynamic duo of Vooch and Value sniper have helped provide a mix of people with different styles but all are great listeners and the constant dialogue has helped all of us improve as investors as well of having a helluva lot of fun in the process.
And the last question came from Ahmed, “When do I sell?”
For it me it depends. If the stock is a core holding such as JNJ , MO BRK or BNI those stocks are held until the PE gets to be over 25 or the fundamentals would somehow change. Walmart and USG are both stocks that have been bought and sold after 10-20% returns in less than 3 months,similar to my bargain bin thread on my forum. Buy and hold has worked real good for me, but others such as Steven Walthall, have made over 7 figures doing it his way so certainly there is no exact science. You need to see what works for your personality.
Below is a list of 10 words/ name. In 5 words or less, write the first thing that comes to mind.
- Munger Invert 1994 Speech at USC
- William Spetrino Jr- Shameless self promoter:disciplined value investor.lol I used 6 words I am no good with rules.lol
- Fat Pitch- BNI at 77 in 2008
- Buffett- 50 years of compounding at 26%
- Dreman- Contrarian bought with MO in 2000
- Technical Analysis:nothing I do
- Margin of Safety: misleading term,only as good as person judging it
- Graham;chapters 8 and 20 in Intelligent Investing
- Walter Schloss-cigar butt king proven winner
- Beatles-Mccartney and Lennon greatest songwriters
Your first book has been selling like crazy,especially since we left the “other”site. Now your working on your second book. Can you give everyone a taste of what to come? A release date? Expectations for it?
Book 1 is really all you need to become a millionaire.Book 2 will be totally about investing and will have sections about options and short selling, as well as more about the psychology of investing and “outside the box’ investing like sports tickets and memorabilia. It will be 2 or 3 times longer than the last book and my guess is that it will be done by the middle of June.
My personal style of investing is “boring” and does not resonate with most people. What is ironic is on another forum many said my investing style lacked imagination. In reality my investments in sports memorabilia and tickets is not only “outside the box”, but much more profitable than buying small caps ,especially those “traditional investments”with a “margin of safety” like Delta Financial (DFC).More importantly all my sports memorabilia has a 100% money back guarantee which is especially important for a person with under 10 thousand dollars. There will be a chapter about this in the book with core details but those who are interested “pre release date” can email me at ticketbill@aol.com . Alex your blog here is a fantastic base of knowledge for investors of ALL knowledge levels. Keep promoting it my friend.
William Spetrino Jr (a.k.a. billytickets), a disciple of the great Warren Buffett has been managing money and been self employed for 22 years now. He has spent the last 22 years buying and selling assets with one major focus. To buy dollar bills for less than a dollar. He wrote his first book on becoming rich titled Consume Consume and Consume More: Spend More Work Less. His text while unconventional is one a few that takes an investor from point zero to millionaire status provided they do one thing :follow the program. He can be reached at ticketbill@aol.com and at his forum.
William Spetrino Jr owns stock in Burlington Northern Santa Fe (BNI) and Altria (MO), Johnson & Johnson (JNJ), Berkshire Hathaway (BRK.A)
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