investor-man

The article feels ill-timed given the Zhuhai Bridge hasn't even been open for a full year (it doesn't even mention the bridge). To me opening the bridge marks the beginning of Macao's transformation to a more "Las Vegas-style" destination. But... owning this company for the last 3'ish years has certainly made me appreciate Buffett's suggestion that "quality at a fair price" is the best option. Frustrating.

I just opened a position, so prepare yourself for at least a 10% drop :)

+1

Don't forget to add the opening of the Zhuhai Bridge to your list of potential catalysts. I've been holding a bit of this for a while as well.

3.4% I'm shocked frankly. Thought I'd be negative. I was up about 33% in June

The difference between you and me is probably experience. Perhaps I'll learn to be more like you after this. Anyway - anybody have any good ideas? Seems there's got to be some good deals out there and KJP and I have both given out a name.

It was up around 10% of my portfolio earlier this year. It has dropped about 75% over the last month. I bought it back up to roughly 7.5% today. I don't think I'll buy any more until after March (supposing it looks good then). "No deal" seems an unlikely scenario to me. Either way, I've got the stomach to find out.

No responses? I'll bite - FLYB:GB is now trading at about 2x operating cash. Not the prettiest picture, and some obvious clear risks, but very cheap.

Don't ask. If he wanted you to know he'd have told you.

I have followed and read much of Cardboard's advice and found it very helpful and rewarding, so I think this simply echoes what we all know to be true: none of us can predict the future. As to my investment in Gear - it just read like "value-porn". The monthly letters are amazing. The CEO is amazing. The board members are amazing. I've noticed that every investor I admire consistently states that companies like this are where they've made the most money, and that they wished they had avoided the cigar butt investments even though some of them work out. That's is what I want to learn from this.

This has been a good one to reflect on. It wasn't hard for me to buy this one, but it certainly wasn't something to go out and brag about while oil companies were going bankrupt left and right. While I do live in NYC, I'm glad I don't work on Wall Street. I could see how holding this would have been tough to share with colleagues, even though clearly a good decision.

it's about time this moved! Hopefully it keeps going.

Well thanks! I always feel deeply indebted to the people here, so I try to help when I can. I'm still learning this stuff, and really value the discussion - at least when it's not ugly :) I went with Ferengi Rule of Acquisition #3 for my signature - thanks for the suggestion :) Reading through them I think #76 is my favorite: "Every once in a while, declare peace. It confuses the Hell out of your enemies."

you can make Google search for you (and it's probably better). Just enter the following example into Google (works for any site): "site:cornerofberkshireandfairfax.ca korean preferred"

It's not until Friday.