Parsad

Another article on wearable computers, including the possible watch from Apple. Cheers! http://finance.yahoo.com/news/disruptions-where-apple-dick-tracy-160041533.html

Looks like "Escape" made $16.1M from Friday to Sunday...should probably hit $20M over the 4-day period ending President's Day. Cheers! http://www.cnbc.com/id/100466556

I don't think this day-trading experience is going to end well. I'm sure there are plenty of people day-trading again, if a 16 year old actress is having success and getting publicity. As she says, she doesn't like low-risk type of things, and she's getting a high off the trading. No fundamentals...at some point you always get burned. Cheers!

I used to date a girl who would get turned on by finance talk. She herself was in finance, but knew little about investing. But she could listen to me all day and it would be sexy for her. Maybe we could get a few of these women to show up at our dinner and events, as they seem to be almost completely male-dominated! Cheers!

From things I have heard in the recent past about Buffett's personal portfolio, I believe he could do 50% a year...with small sums as he stated...but it would not take long for it to be well above that threshold and the impact of size would start to affect results. So if Buffett could start again now with $1M, which is what he was discussing when he made that statement, I think he could compound at 50% a year for about 12, maybe 15 years...which would get him close to half a billion...I think 15 would be pushing it. From there I think you would see diminishing returns as the number of opportunities decreases. Cheers!

They'll occur...especially when markets are extremely volatile, because the psychology has not changed. If you remember what things were like in late 2008 and early 2009, most value investors were out of the market and analysts were wringing their hands because they didn't even have time to adjust target prices as stocks fell. How many people bought GE at $6 or WFC at $9? How many bought BAC at $5 a little while ago. I remember no one was buying SHLD short-term debt...maturing in just over a year and it was trading at 65 cents on the dollar! With more attention and more eyes on the markets, plus all sorts of dark pools of capital, I think we've actually compressed time frames and you get far more inefficiencies in prices. The one area where there are truly fewer opportunities is arbitrage where computerized trading has just been able to exploit it to their advantage. Cheers!

Sorry that your friend and his family are going through this 14Value! I think you are getting plenty of good advice. Just trust your instincts...be there for them now, and especially be there later on when all the family and friends disperse, and few people are around to help them cope. For your friend and his family, the loss will never go away...especially in cases where someone's life is left completely unfulfilled like a child with so much promise and time ahead of him. Every day going forward, they will always think about what could have been, what more they could/would have liked to do and say. Slowly, they will just learn to live with it and somehow cope. For many, they never fully do cope and a normal life is not possible as the emotional/mental turmoil is too much. All you can do is remain a good friend and offer any support you can. For many, keeping busy over time allows one to forget for a while. Cheers!

I am huge believer in copying but please tell us what your copying so I can copy your copy of Pabrai's copy. :D LOL! We would all like to copy the copy when you get the copy. Cheers!

Yes, but not as a person. Two smarty-pants, loudmouths going at it in public and then one clobbering the other by squeezing him...are there really any losers except them? Although I do enjoy Ackman's smarty pants presentations. He's a very good speaker. I suspect if he loses big, he'll close like he did before and start again. Cheers!

RoughlyRight's son takes great notes. Thanks for posting! Cheers!

Personally, I find "7) Scuttlebutt" the least useful. It's more for my own interest and a little more understanding of the business, than any real value about whether it is a good investment. Business biographies are often useless as well...they give a historical perspective, but really do not assist you in finding investments that are out of favor. I find the newspapers useful. Mainly for a general understanding of what is going on in the world, as well as often I find an idea or industry that is out of favor and the newspapers are just ripping into it. Magazines, trade publications, television (including Bloomberg, PBS, CNBC, etc) all work for the same reasons as newspapers. The most useful thing is reading 10-Q's and 10-K's. Digging into various businesses, building that circle out and formulating an extensive library in your own head for easy, quick reference. I could not have imagined 10 years ago, that I would grasp the hundreds of stocks that are now in my head, or the dozens of companies I follow everyday and can value in just a few minutes. If for some reason their price falls a significant amount for an inexplicable or irrational reason, it's very easy to just buy that business. You also end up creating mental checklists rather than actual checklists like many people recommend you use. The one thing that I don't use yet, but probably will get in the next couple of years is a Bloomberg terminal. I generally get our brokers to dig up anything I'm interested in and then send me quotes, screenshots, etc. But I can see that I would be able to do alot of things on a Bloomberg terminal, that take up alot more time now by trying it to do it manually or through other sources. Cheers!

No, the news starts leaking out early in the media. We may start to hear stuff as early as the end of this month! Cheers!

Yes, it is marked to market. Cheers!

How many of you think that this thing is going private pretty soon? Cheers! Don t both Berkowitz and Lampert live in Miami? Maybe they will team up and use SHLD as their investment vehicle and not have to worry about lock ups, fund withdrawls, etc---assets would be pretty illiquid so I would think this would be unlikely. That's kind of what I'm thinking. Bruce said "stay tuned!" Cheers!

Francis has sold off about 80% of his BAC warrants, doubled down on DELL, added MBIA and eliminated Office Depot. Cheers! http://www.sec.gov/Archives/edgar/data/1389403/000114420413008799/v335242_13fhr.txt

How many of you think that this thing is going private pretty soon? Cheers!

Gokou, are all these written by you on the Fool? ;D Just kidding. Cheers!

Cash rich, liquid, hedged Fort Knox...status quo at Fairfax as they are still concerned...book value is $378/share. Cheers!

Here they are: http://finance.yahoo.com/news/fairfax-financial-holdings-limited-financial-220200180.html Cheers!

That's what they said to Steve Jobs when they fired him from Apple the first time too! ;D Cheers! Sanjeev, or any other FFH long term shareholders, could you please tell me if Prem had ever made fortune by hurting other minority shareholders? For example, if the TPG vote comes out to be no, I think share prices will drop a lot. Will Prem take that chance to buy even more, and potentially take over SD at a price, say, $4 per share? If that happens, all other shareholders are hurt. I know there is a poison pill, so this is likely not going to happen. But I still would like to ask just in case. For other SD shareholders, what do you think would happen when the TPG vote comes out as a no? Will they buy more and try to do another round of attack to get rid of Tom? I can't see why they would just give up and sell the shares. None that I know of. Some may argue that FBK would fall into that category, but they were already aligned and supportive of Abitibi and it's management, but had a large stake in FBK as well. They voted with Abitibi. Prem's intention is to always increase shareholder value. If the value of his ownership increases, that means the value of all other shareholder's increases. His company is called Fairfax because they want "Fair" and "Friendly" "Acquistions". He doesn't go out of his way to be confrontational or exploitive. Cheers!

Nice call Petey! Cheers!

They aren't posting because they don't want more people there! ;D Selfish pricks! Cheers!

That seems pretty boring to me, but what do I know, maybe it will catch on as fashionable. I'm still waiting for them to do something with TV and the other obvious one: iGlasses. While the Google Glasses look cool, no one can compete with Apple on that name. Well it depends. I'm guessing it will eventually integrate with everything we do...when you go running, listen to music, receive texts, receive calendar and appointment reminders, etc...all without having to pull your phone out of your pocket. And then you can even have more radical ideas. - Like how about sensors implanted in various areas of your home...so as you walk in, your lights automatically turn on because you are wearing your iWatch...the thermostat adjusts to your setting...the tv turns on. - What if your refrigerator sends a list of grocery items that you need to pick up directly to your watch. - Your car door lock opens and the engine starts as your wrist approaches the vehicle. - Your house alarm activates and deactivates as you walk in and out...even your front door locks and opens. - You don't carry your wallet, as many of the same purchases you could make by simply waving your iPhone, also work on your iWatch...Starbucks, McDonalds, Staples, etc. - The watch monitors your heart rate, blood pressure, etc and keeps a log for you. - You can receive televison programs directly on your watch screen...rerouted through Appletv. - You no longer have to type in a password in your computer, your watch being in the vicinity opens up the laptop. These are just some of the things my lazy, untechnological mind can come up...what do you think innovative, engineers will create? Cheers! You phone can do most of those things, you don't need to build a watch to so that. In fact, you watch is going to be very underpowered to be able to do most of them. Alot of people don't like carrying their phone or their wallet. The rumor is Apple is working on a watch that will have the power to do that. Cheers!

Guy was at our dinner last year, as well as the FFH AGM. Cheers!

That seems pretty boring to me, but what do I know, maybe it will catch on as fashionable. I'm still waiting for them to do something with TV and the other obvious one: iGlasses. While the Google Glasses look cool, no one can compete with Apple on that name. Well it depends. I'm guessing it will eventually integrate with everything we do...when you go running, listen to music, receive texts, receive calendar and appointment reminders, etc...all without having to pull your phone out of your pocket. And then you can even have more radical ideas. - Like how about sensors implanted in various areas of your home...so as you walk in, your lights automatically turn on because you are wearing your iWatch...the thermostat adjusts to your setting...the tv turns on. - What if your refrigerator sends a list of grocery items that you need to pick up directly to your watch. - Your car door lock opens and the engine starts as your wrist approaches the vehicle. - Your house alarm activates and deactivates as you walk in and out...even your front door locks and opens. - You don't carry your wallet, as many of the same purchases you could make by simply waving your iPhone, also work on your iWatch...Starbucks, McDonalds, Staples, etc. - The watch monitors your heart rate, blood pressure, etc and keeps a log for you. - You can receive televison programs directly on your watch screen...rerouted through Appletv. - You no longer have to type in a password in your computer, your watch being in the vicinity opens up the laptop. These are just some of the things my lazy, untechnological mind can come up...what do you think innovative, engineers will create? Cheers!