Grenville

What kind of leadership is this....Give the man his job back and then if you're gonna require them to show up at the office then make sure you're sitting next to them if it's so important and can't be done remotely. https://www.cnbc.com/2020/04/21/new-york-ag-opens-inquiry-into-charters-coronavirus-response.html what am i missing here...this just doesn't make any sense...

I am sure Fairfax will miss him! From the outside looking in, he seemed to be Prem's successor, should Prem decide to step down/retire.

muscelman, Appreciate your post on what you were seeing with the technicals. This seems like an investment where there is a clear information asymmetry between investors for better or worse. Hopefully there isn't any asymmetry with the court outcomes like with the administration. Thank you for sharing what you saw because it seems to be a reflection of what was happening with material information.

fwiw: "(two of two) Then Calabria will negotiate w Treasury & hopes to come to agreement by the fall that would allow them to stop Fannie and Freddie from sending profits to Treasury later this year. That is, ending the net sweep."

Thanks for sharing that anecdote. I hadn't heard it before!

that's some messed up shit.

Glad to see Fairfax continue the litigation.

Not sure if this improves the optics but one thought I had. What if Sharon Osberg came up with the idea for Berkshire to provide the loan to SRG, without any indication or encouragement from Buffett. Once Buffett was told of the idea, he asked the independent board members of BRK to approve or disapprove the loan. Warren probably did the underwriting which probably would make it a little suspect unless he had Ted or Todd look into it. Still it's odd for Berkshire to get involved in a small $2bln loan or take up either Ted or Todd's time without much material upside from the investment. I would have guessed they would have gotten some equity through the Berkshire seal of approval. Granted Warren is close with Sharon and she knows he owns a stake in SRG. She also wouldn't be on the board of SRG had it not been for Warren investment.

Prem Watsa, You are a business owner in the United States and a human being. Please reach out to your colleague in the current administration, Wilbur Ross, to stop the unnecessary separation of children from their parents. Your colleagues and employees look up to your leadership and I believe this is an issue that could use your help. I apologize if I'm being disrespectful asking for your help or assuming that you haven't done anything to help. Thank you! ps. Sanjeev, feel free to remove this thread if it doesn't make sense or is counter productive.

Eric, 1) Reached out to u via DM with one avenue that may help with your situation. 2) I believe the old site got archived by Sanjeev and I imagine there is some way to prove the veracity of the post from that time. I believe the flow of posts do an accurate job of framing your state of mind during that time like a journal. Maybe Sanjeev has an idea of proving the veracity. Also I'm sure others including myself can vouch for those post once you find the relevant ones in some formal manner that shows its not some made up thing but actual people willing to say they read those posts from that time. I for one remember you posting about Santa Barbara and having the option on the house you were renting, the tesla (having them come to fix it), there's plenty of anecdotes you shared during that time... Best of luck, but be rational and stay truthful as you try and fight someone that is twisting the facts for their own gain. Don't stoop to their level and hopefully the legal system will see thru the fabrication and surface the facts. Look forward to helping in any way we can.

Happy New Year! Here’s to another crazy year.

Fair enough. Thank you for your perspective on this. I will delete my post.

I couldn't access the site all day. Request to the site never came back for me.

"Meet The Martin Shkreli Of Defense Contracting" http://www.huffingtonpost.com/entry/defense-contractor-monopoly-transdigm-mick-mulvaney_us_58d2f8dae4b0b22b0d19ad2a

The point that I'd like more info on is the breakdown of their EBITDA between Commercial & Defense. I haven't been able to find it yet. They breakdown revenues into Commercial OEM, Aftermarket & Defense but not EBITDA.

For whatever it's worth, Transdigm sells an additional 300mln of 6.5% 2025 notes at 101.5%.

Maybe they are overly comforted with Wilbur Ross on the cabinet?

http://proxy.dailyjournal.com/Fileserver/DJICText/DJCO_Proxy/DJAnnualReport2016.pdf

http://markets.businessinsider.com/news/stocks/trump-executive-order-repeal-dodd-frank-fiduciary-rule-2017-2-1001721502 I found another link that has the same text as you posted: I guess we wait and see what these executive orders have to say.

Trump's calendar shows he plans on signing executive orders today at noon. Buckle up. (my emphasis added on "executive order" in quote above) The text in that article has changed from what you posted above to this: Anyone have the earlier version of the article?

Interesting, just looked at the actual document linked in the twitter post…it looks strange. The second page doesn't look like it matches the first page in scan quality and the second page questions restart the numbering from 1. I also couldn't find a link to the document from Brown's website, maybe I'm just looking in the wrong place. just some comments on the strangeness of the document. I hope we get some clarifications from the courts soon.

Thanks for linking the interview on WFC. I saw the other link on another thread, but it didn't have his WFC comments. Still absorbing, but it's fun to watch him dodge the bank holding regulation of staying passive…

Don't forget that Ackman owns FNMA common and Icahn is surely aware of that.

Props to Brian & Prem on liquidating the long bonds… Decent move in the 30yr rate 7.8% to 2.83

thumbs up! Thank you for posting this.