Parsad

It was most definitely a subtle jab. Read the exchange again here: http://www.economicpolicyjournal.com/2012/11/whoa-battle-of-oligarchs-warren-buffett.html By the way, try and ignore the "Snorgtee" girl in the bikini on the right...it was hard for me to do, but I managed! Cheers!

14.45% annualized since 1974 is pretty solid, though many have done much better. http://www.centman.com/investment-strategies/cm-value-i-all-cap-value/performance Many? You will struggle to come up with more than 5, maybe 10. Even if you would come up with 50 it will still make them a Superinvestor. They will certainly rank in the top 0.1% of the fund population. Great notes!! +1! Cheers!

Maybe Buffett was just talking about selling shoes! ;D Not sure the email is clarification. Cheers! http://buzz.money.cnn.com/2012/11/06/warren-buffett-purple-shoes-jack-welch/?source=yahoo_quote

Thanks Shane! Tickets are 60% sold with over two months to go. We've gotten some nice donations and silent auction prizes as well. Cheers! Hi Folks, To anyone in Vancouver thinking of attending, there are only a handful of tickets left. Six to be exact! So you better grab them. Cheers!

A man died at the poll, was revived with CPR and then asked "Did I vote?", once he came back from the dead! ;D True story. Cheers! http://news.yahoo.com/blogs/ticket/michigan-man-dies-during-early-voting-revives-makes-225724476.html

Walmart is pulling their case-ready business from National Beef. No impairment yet, but they may take one at some point if they cannot find replacement business for their two case-ready facilities. Accounts for about 7% of sales, but higher on the net margin side for those products. A bit of a hit, but not too significant. I suspect they will replace some of that space with new customers. Cheers!

I think Welch is going to have to get GE to buy him some more toilet paper and bulbs for his house...since you know Obama's going to ruin America and force Welch to buy his own. Poor bugger! :o Cheers!

WEM lost his marbles or just trolling? Neither - it was a wickedly funny takedown of (presumed) self-interested fear-mongering. Yeah, I don't think anyone got it except Welch himself, and that's why he said "I may have said that, but I don't remember." It was pretty funny! Cheers!

Canadian investment legend, Stephen Jarislowsky, is stepping down from the CEO position at his firm. Cheers! http://www.bloomberg.com/news/2012-11-06/jarislowsky-to-step-down-from-helm-of-money-manager.html

Article on how WFC is focusing on expanding their corporate banking business in Canada. Cheers! http://www.bloomberg.com/news/2012-11-06/wells-fargo-makes-canada-top-priority-in-international-expansion.html

Buffett calls in to ask Welch a question. Cheers! http://video.cnbc.com/gallery/?video=3000127240&play=1

Moynihan presenting next Tuesday. Cheers! http://finance.yahoo.com/news/bank-america-ceo-brian-moynihan-182800153.html

Many of us do Nkp007! Unfortunately it usually only happens in Toronto during the Fairfax dinner and AGM. Cheers!

Lol, I guess like other things its better to keep some things for yourself and not telling your wife...but I am waiting for Eric's point of view on that...lol She knew about it, she did get annoyed because it made me grumpy. However, she likes the new digs in California and that's only made possible by my Fitty Cent Dollah' Git Rich or Die Try'n personal unregistered hedge fund. He's going to start "Ericopoly Water" later and sell it to Coke too...that's why he's going to be out of the game at $50M! ;D Feel free to retire from hardcore investing in the future Eric, but don't stop posting. Cheers!

So he has this confidence of being an imagined important person that isn't born from his own competence. - Ericopoly 2012 That was so good, I'm going to use that in the future at some point. Cheers!

There was a day last week when the volume was 2,000,000. Today, barely more than 10% of that with a rising price on a day when the stock was down quite a bit. Nearly two weeks ago when I was getting filled at 3.65 I was buying as much as 100,000 warrants at a time without moving the price, getting filled in 10 seconds! It may have been Paulsen selling them to you because of redemptions! ;D You may be catching up to him after all. Cheers!

ISS and Glass-Lewis side with Cracker Barrel management. Cheers! http://blogs.wsj.com/deals/2012/11/05/cracker-barrel-2-proxy-advisory-firms-back-its-board-slate-poison-pill/?mod=yahoo_hs

He is one for the value records, like those guys that Berkowitz mentioned in OID 1992. http://www.ft.com/cms/s/0/6719fa80-c291-11e0-9ede-00144feabdc0.html#axzz2BNoYN0pe Christopher Whalen, analyst at Institutional Risk Analytics, said no matter what Mr Moynihan was able to offer in terms of reassurance, the bank was destined for a government-ordered restructuring. “I think the markets will force it,” he said. “I think there’s so much risk clustered around BofA and, to a much lesser extent, Wells [Fargo] that both of them have severe problems.” The only two banks I've ever owned in my life or in the funds, were bought around the time of the above comment and afterwards...WFC and BAC! Buffett bought the preferreds shortly after. Which two banks have surprised investors the most in a positive manner since his comments...WFC and BAC. ;D Sorry, a little correction in the above comment. We owned Washington Mutual briefly in 2008...what a mistake that was! Cheers!

Even Roubini took him to task on CNBC. http://www.youtube.com/watch?v=znTHTUvzN8k By the way, it's worth watching this interview from 2010, because then you realize exactly how little all of these guys know. I think members on this board provide better insight on investments and economics. It's just these guys are well-known (for whatever reason) and get the press, but they don't know any more than anyone else. Cheers!

Another great interview by Whalen. California will default in 2012 and most house sales will be foreclosures! http://www.moneynews.com/StreetTalk/christopher-Whalen-Foreclosure-Peak/2010/12/06/id/379123 Dead on the money...er sorry, dead money! ;D Cheers!

Pardon my french, but this guy is a retard! Google Christopher Whalen and Bank of America and you get tons of articles from 2010 and 2011 where he says they are bankrupt and doomed. Check this one out: http://dailybail.com/home/chris-whalen-bank-bailouts-20-is-coming-all-major-us-banks-w.html He's one of these analysts who got one big call right (think Chanos) and then sits on his ass and loves to listen to his own voice and name recognized. Cheers!

Hy, how long have you been buying BAC?! I didn't buy any warrants until June 2011, and I didn't buy the bulk of my BAC equity and warrants until Fall of 2011 and Spring of 2012, respectively. This thread didn't start until Spring of 2011. So really, it's only been a year and a half, while Moynihan has only been in charge for two years. Call options are a bit more risky because of the time arbitrage, but I think the bulk of the work at BAC is done, with the earnings showing up through mid-2013 and into 2014. Legacy issues should all be settled by around the same time. You should see clean earnings from the end of 2014 on. The A warrants do not have much risk. The B warrants have substantial time arbitrage risk relative to the exercise price. Cheers!

Rogue Apple trade went sour. Cheers! http://www.bloomberg.com/news/2012-11-05/rochdale-said-to-be-in-advanced-rescue-talks-after-apple-trades.html

Amusing article on the world's obsession of formulating Buffett's brain within a fund! Cheers! http://finance.yahoo.com/news/mind-games-finance-pros-keep-022100543.html;_ylt=AjcemAXPi_UbC_VH6yly3JGiuYdG;_ylu=X3oDMTNyczdrczJsBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDOGU0NzI3YzItMDBmOC0zN2NmLWEwZjUtZTNkYWM4NzAyYzY0BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzI0YmUzNjYwLTI3NjItMTFlMi1iYzcyLTcxZmJlNGE0ZjRiMw--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

In dollar terms that is. Anyway, here's an article from Bloomberg. Cheers! http://www.bloomberg.com/news/2012-11-05/berkshire-s-cash-nears-record-as-buffett-extends-elephant-hunt.html?cmpid=yhoo