Question Box

All inquiries welcome. I will try the best I can to answer any and all questions provided they are within my circle of competence.

Contact
LinkedIn: Tannor Pilatzke
Email: TannorPilatzke@gmail.com

7 thoughts on “Question Box

  1. Do you have any opinions on MLP’s. These only make money because of a tax loophole. When will they blow up. Hedgeye said Kinder Morgan is a short and Kinder dismissed them.

    Thoughts?

    • The only tax loop hole I am aware of is, is avoiding double taxation on distributions. All tax items are directly transferred to the unit holder instead of taxed at a corporate level then again at a personal level.

      “However, the tax issues surrounding them can become complex. For example since the earnings of an MLP flow through to the unit holder, the holder is considered to have earned the income in the states in which the distribution was generated. Thus, investors that hold large positions in an MLP may have to file taxes in multiple states where the income was earned, based on their ownership stake in the MLP.”

      It may be a short based on the macro theme of natural resources or real estate being weak or policy changes regarding tax in the originating state ( the holder of the unit is considered to have earned the income in the states in which the distribution was generated) not sure why they are short.

      “The MLP structure was redefined through the Tax Reform Act of 1986 and the Revenue Act of 1987. The legislation stated that the established structure would apply to limited partnerships only if at least 90% of their revenues came from natural resource activities including, but not limited to, exploration, development, mining and production, real estate, commodity investments and specific capital gains and losses related to these sectors. “

      I use to follow Keith on Twitter and it is a game of darts of jumping in and out of stocks they play, I just keep my head down and do my research now-a-days, following credible long-term investors with astonishing track records.

      O and Hedge Eye is not an investment advisor…. Section 2.(A) of the legal page.

      “The Company is an online financial media firm publishing content relating to the financial markets (the “Content”). The Content is produced without regard to individual levels of sophistication or investment experience, and without regard to the suitability of individuals who may access the content. You understand and agree that the Content does not constitute a specific recommendation of any particular investment, security, portfolio, transaction, or strategy, nor that any specific course of action is suitable for any specific person. You understand and agree that no Company analysts or other personnel shall advise you with regard to your investments, and you therefore agree that you shall not attempt to contact the Company or any Company personnel seeking personalized investment advice. You further understand and agree that all Content is impersonal and not tailored to any specific investment needs and suitability requirements, including yours.”

      Hope that helps,

      Cheers.

  2. So are you looking to start a hedge fund or run a holding company for making investments? Just curious since you are the kind of person I’d like to partner with as an investor!

    • Yes I would like to start a partnership ideally before I am 30 and follow in the footsteps of Buffett & Einhorn by starting young, focusing on bottoms up value and taking concentrated positions in businesses.

      Thanks for the kind words.

      Regarding Alice I remember hearing Warren and her had a private falling out over the representation of Susie in “Snowball” after the Carol Loomis booked was published. I am not 100% sure what happened but I have not heard about a 2nd book in the works.

      Let me know if you find any grew details regarding Alice and Buffett’s relationship.

      Cheers!

  3. Do you know what happened to Alice Schroeder? Her blog is 2 years out of date and she has totally disappeared. Last I heard she was planning another book on how Buffett invests or about investments in general.

  4. I have tried several times to download your Front Page, using two different Browsers on my iPad without success.

    Both Browsers crashed.

    • Thanks Paul!

      I am not sure how to fix the problem but will look into it. Any recommendations are greatly appreciated. Sorry that this happened,maybe the a functionality problem of the “theme” with mobile application.

      EDIT: I have changed the theme, hopefully this allows better functionality of the website on all devices.

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