Parsad

I think if you look at their comments...they agree on many things, but their views differ on other issues as well. Francis has been very bullish over the last three years, whereas Fairfax has been incredibly bearish. Francis is concerned about short-term deflation and long-term inflation, whereas Fairfax has taken a hedge to protect themselves from longer-term deflation. Fairfax is leveraged, whereas Francis is not. So I think perspective matters in their comments. Also, I think what you have to do is take their comments, anyone's comments, with a grain of salt. This is all art, not science as things unfold. The territory is uncharted since 1929, and not really particularly well-documented when you look at the sheer scope of The Depression and Japan's Deflation Era. You would think that a clear answer would be present when examining both issues, but there is no clear answer and never has there been consensus on what to do. It's far easier to predict the weather, than the state of global financial circumstances presently. Cheers!

By the way, the deadline for the auction is 12PM PST Friday. So if you want to bid for the room...better get it in. Cheers!

For those booked or booking at the Fairmont, you can probably save a few more dollars by using the promo block code for Corner Market Capital...there may be some rooms left under the block. The code is "CORN0413". Cheers!

FFhWatcher came up with a great idea...auction off the hotel room. He bid $100, and then Indirectinvestor called me and bid $125. You can bid directly here. Cheers!

Also, I was disappointed to read that they will only have a minority stake in the new investment entity that Matt and Joe will be running. One of the biggest reasons I originally invested in Chanticleer is because they were involved in the money management business, and I thought Matt and Joe were two terrific small/micro-cap analysts. I'm also dumbfounded how Chanticleer Advisors was costing $50,000 a quarter to Chanticleer Holdings? The total expenses for our fund last year were about $12,500, and we manage more than Advisors, so how the hell did it cost Holdings about $200K? Cheers!

I think the son's of bitches killed it! That sucks. Cheers!

One of the board members cannot attend the AGM next week, but has a non-refundable room reserved at the Fairmont Royal York for Wednesday, April 10th. He does not want anything for it, but I would suggest a nominal fee to him, or a nominal donation to the CCFC at the dinner. If you want the room, please contact me and I will get you in touch with him. Cheers!

The Canaccord analyst, John Gerdes, had upgraded Sandridge to a target price of $6 last June when it's financial footing wasn't nearly as strong, and there was no oversight on capex, compensation, conflicts of interest or anything else. http://m.theglobeandmail.com/globe-investor/investment-ideas/features/eye-on-equities/canaccord-slashes-price-target-on-fortress-paper/article2434801/?service=mobile Now he suddenly drops it to $1 after they are in the strongest financial position ever, with a brand new board, almost guaranteed reduction in capex, and natural gas prices rising. He's a retard! I don't know of any analyst that had predicted, suggested or opined that Sandridge could have gotten $2.6B for the Permian assets...do you think they have any idea what the remaining assets are really worth? Cheers!

If I paid attention to analysts, I would never have invested in Berkshire (double in one year), Fairfax (triple in five years), Steak'n Shake (quadruple in two years), Bank of America (over double in two years) and now Sandridge. My best investments have come from ignoring what anyone else has to say about something. Cheers!

We are WWAAAAYYYY over 5%! Should I reallocate? ;D Cheers!

He must REALLY be a dick, if his ex is that crazy. ;D Cheers!

This is last call for tickets for our "Fairfax Financial Shareholder's Dinner". If you are attending, tickets need to be purchased before midnight April 5th! I will not be accepting the purchase of dinner tickets at the door, as I have to give a final number a few days earlier. You will still be able to buy the $75 "Just Presentation" tickets at the door. Cheers! Details, including the menu and speakers, are below: Fairfax Financial 8th Annual Shareholder's Dinner Fairmont Royal York Ballroom - Convention Level 6:30pm-11:00pm Host: Sanjeev Parsad, Founder of "Corner of Berkshire & Fairfax" website & Corner Market Capital 6:30pm - Meet & Greet 6:45pm - Dinner 7:00pm - Dr. Kevin Glasgow, CEO of the Crohn's & Colitis Foundation of Canada 7:30pm - David Polonitza & Andrew Berger - AB Value Management LLC 8:00pm - Ben Raybould - Arlington Value Capital LLC 8:45pm - Presentation Guests (from you know where!) We will of course have our usual raffle and silent auction. A wonderful dinner is on the menu, and a cash bar will be open again. Tickets are $150 (including dinner), or $75 (no dinner, water & beverages will be available). Get your tickets soon, as we are going to be running low. Just go to the "Corner of Berkshire & Fairfax" homepage (www.cornerofberkshireandfairfax.ca), and click on the ticket purchase box on the right hand side. All profits from ticket sales, auctions, and raffle will be donated to the "Crohn's & Colitis Foundation of Canada", in memory of Prem Watsa's executive assistant, JoAnn Butler. BUFFET MENU COLD Baby Spinach Salad with Roasted Butternut Squash, Dried Apples, Toasted Pecans and St. Lawrence Market Mustard Vinaigrette Red Cabbage Chiffonade with Golden Raisins, Mandarin Orange Segments, Fresh Chive Batons and Dill-Yogurt Dressing Tri-Coloured Penne Salad with a Julienne of Prosciutto, Grilled Asparagus, Peas, Shaved Parmesan and a White Wine-Tarragon Vinaigrette Fire-Roasted Vegetable Salad with Zucchini, Tomatoes, Eggplant, Green and Yellow Peppers, Chipotle Tomato Vinaigrette with Oregano ENTRÉES Niagara Pear Glazed Chicken Breast with Pimento Potato Purée and Black Currant Jus Citrus Crusted Medallion of Atlantic Salmon with Saffron Risotto and Lemon Balm Cream Sauce Cumin Roasted Pork Loin with Savoy Cabbage and New Potato Ragout Vegetarian Wild Mushroom Cannelloni Baked in Tomato Sauce and Finished with Five Cheese Gratin Brown Rice Pilaf, Fresh Herbs & caramelized Onions DESSERTS Pastry Chef’s Selection of House Make Desserts including: Assortment of French Pastries Lemon Cranberry Cheese Cake Chocolate Flourless Cake Maple Mousse Chocolate Coffee Cups Canadian Sugar Tarts Guava and Mango Shots Fresh Fruit Display Fresh Brewed 100% Columbian Rainforest Alliance Coffee, Decaffeinated Coffee, Fairmont Blended Black, Green and Herbal Teas

This is last call for tickets for our "Fairfax Financial Shareholder's Dinner". If you are attending, tickets need to be purchased before midnight April 5th! I will not be accepting the purchase of dinner tickets at the door, as I have to give a final number a few days earlier. You will still be able to buy the $75 "Just Presentation" tickets at the door. Cheers! Details, including the menu and speakers, are below: Fairfax Financial 8th Annual Shareholder's Dinner Fairmont Royal York Ballroom - Convention Level 6:30pm-11:00pm Host: Sanjeev Parsad, Founder of "Corner of Berkshire & Fairfax" website & Corner Market Capital 6:30pm - Meet & Greet 6:45pm - Dinner 7:00pm - Dr. Kevin Glasgow, CEO of the Crohn's & Colitis Foundation of Canada 7:30pm - David Polonitza & Andrew Berger - AB Value Management LLC 8:00pm - Ben Raybould - Arlington Value Capital LLC 8:45pm - Presentation Guests (from you know where!) We will of course have our usual raffle and silent auction. A wonderful dinner is on the menu, and a cash bar will be open again. Tickets are $150 (including dinner), or $75 (no dinner, water & beverages will be available). Get your tickets soon, as we are going to be running low. Just go to the "Corner of Berkshire & Fairfax" homepage (www.cornerofberkshireandfairfax.ca), and click on the ticket purchase box on the right hand side. All profits from ticket sales, auctions, and raffle will be donated to the "Crohn's & Colitis Foundation of Canada", in memory of Prem Watsa's executive assistant, JoAnn Butler. BUFFET MENU COLD Baby Spinach Salad with Roasted Butternut Squash, Dried Apples, Toasted Pecans and St. Lawrence Market Mustard Vinaigrette Red Cabbage Chiffonade with Golden Raisins, Mandarin Orange Segments, Fresh Chive Batons and Dill-Yogurt Dressing Tri-Coloured Penne Salad with a Julienne of Prosciutto, Grilled Asparagus, Peas, Shaved Parmesan and a White Wine-Tarragon Vinaigrette Fire-Roasted Vegetable Salad with Zucchini, Tomatoes, Eggplant, Green and Yellow Peppers, Chipotle Tomato Vinaigrette with Oregano ENTRÉES Niagara Pear Glazed Chicken Breast with Pimento Potato Purée and Black Currant Jus Citrus Crusted Medallion of Atlantic Salmon with Saffron Risotto and Lemon Balm Cream Sauce Cumin Roasted Pork Loin with Savoy Cabbage and New Potato Ragout Vegetarian Wild Mushroom Cannelloni Baked in Tomato Sauce and Finished with Five Cheese Gratin Brown Rice Pilaf, Fresh Herbs & caramelized Onions DESSERTS Pastry Chef’s Selection of House Make Desserts including: Assortment of French Pastries Lemon Cranberry Cheese Cake Chocolate Flourless Cake Maple Mousse Chocolate Coffee Cups Canadian Sugar Tarts Guava and Mango Shots Fresh Fruit Display Fresh Brewed 100% Columbian Rainforest Alliance Coffee, Decaffeinated Coffee, Fairmont Blended Black, Green and Herbal Teas

LOL! Is Prem "Neo"? Cheers! No but it was suggested by some that Stevie was a Sith Lord. LOLOL I thought he was the "Agent" from the Matrix...but then again, he looks more like Darth Vader without his helmet on. Cheers!

LOL! Is Prem "Neo"? Cheers!

Please read attached file. That will only get you half-way up to speed. Cheers! This is with Fairfax. What's the connection with you personally? None personally, other than run-ins with a couple of their cohorts over the same issues in person and through the predecessor of this message board. If you guys weren't here back then, you wouldn't have a clue what occurred. Ask Cardboard, Uccmal, Bsilly, Daphne et al. Cheers!

Please read attached file. That will only get you half-way up to speed. Cheers! Fairfax_Lawsuit_Filing.pdf

Oh, woe is Steve Cohen's charmed life these days...now his ex-wife receives favorable treatment in her suit against him! ;D Cheers! http://www.bloomberg.com/news/2013-04-03/steven-cohen-s-ex-wife-has-her-suit-against-him-reinsted.html

Ah, ok that makes more sense! ;D Cheers!

I'm afraid of what happens when (if?) Tom Ward and his cohorts leave. I guess the outcome won't be too bad with value investors behind the company. I just added to my position. Here's food for thought: http://www.wolframalpha.com/input/?i=natural+gas+vs+sd Not a good comparison. NGS spends only 68 cents of every operating dollar on capex. SD in the last year spent three times operating cash on capex! If SD capped capex at the same 68 cents per dollar as NGS, SD would have made almost 55 cents per share...a 9 times P/E. I think you will see TPG and the board reduce capex enormously. Cheers!

On the opposite end of FD, if message boards worked great for Short scams, how about Social media? That's my concern. Cheers!

Wow! Cheers! http://finance.yahoo.com/news/sec-says-companies-announce-key-194006220.html;_ylt=ArFTSRIlWybW6lNaXNPc1mmiuYdG;_ylu=X3oDMTNyMGtjMjl1BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNWIzODA1OWUtOTg2Ny0zMjU0LWFiOGItYjYwZjE4ZGVmNmQ0BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzkwZWI1YjMzLTliZGMtMTFlMi1hN2Y3LTNmMzlhODE3NGQ5Mg--;_ylg=X3oDMTIzN3RqNXM5BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QDTmFjZWxsZV9PZmY-;_ylv=3

Parsad, give everyone a change. Everyone is trying to figure out how much they can compound at so they can appropriately size their donation. But seriously GL! Alnesh has a huge lead, but he started two weeks earlier than me...so hopefully we'll be able to overtake him by June 9th. I've got to get a bunch of offline pledges this week from family and friends, although he was smart and has already tapped more than half of our family! Cheers!

I don't need to be told this. This is not an area where I disagree. Thus I don't complain about the settlements that they've made thus far. The kind of thing that I hate is when a bad actor points a finger at another bad actor, and meanwhile declaring himself clean. That's really what I'm complaining of. You can see it in his letters where he explicitly calls BofA a bad actor in the financial crisis... this coming from someone who knowingly wrapped Countrywide's bad loans hoping to: A) pocket the premiums if loans don't go bad B) just rely on the courts for R&W claims if they do go bad. I feel like if people who tried this sort of thing bore the consequences of their counter-party's solvency, then a lesson would be taught in doing due diligence for the loans you agree to wrap with insurance. It is relatively expensive for society to protect people through the courts who knowingly wrap bad loans as a no-risk strategy. Thus, a bad actor gets away with it. I wish things worked out differently for him and he could be taught a lesson in responsibility. Mostly, because he continues to run his mouth about this being BofA's cause and not his own. A little bit of admission of guilt from him and I'd be fine with it. But if we walks away from this bearing 0% of the losses, and no admission of guilt, I might feel a bit like another bad actor walked away from the crisis without a scratch. Now, would a good actor knowingly wrap a bad loan from Countrywide with the attitude that if it goes bad he'll just take it to the courts for for R&W recoveries? This isn't related to my being a BAC shareholder -- I'm happy for them to pay their share per all the rest of the settlements. 100% is where I draw the line, because it just rewards people like Brown for their seedy strategy. Of course, this all assumes that Brown knew Countrywide was underwriting sub-par loans. I guess that can just be my assumption that I cannot prove. I agree 100% with this. There is another out for BAC which they've chosen not to take...just declare Countrywide bankrupt and dispose of it. That would be akin to what MBIA has done with one of their subs to preserve the holding company, yet BAC actually chose not to screw everyone over, be accountable, and come to a reasonable settlement with all claimants. Cheers!

Thanks Folks...the response was really quick...wow! Keep'em coming. Cheers!