Parsad

We can laugh all we want, but he's still worth 1000 times you and me combined! Who's laughing now? ;D Cheers!

I've noticed that the press is slowly turning on Bank of America...from Countrywide/Big Bank pariah...to feelgood, do right by your customers coverage. The recent comments on that NPR interview with credit counselors and mortgage servicers, to this one about waiving bank fees due to Sandy...Moynihan is following the Buffett credo of taking your lumps and then doing the right thing when facing adversity by changing the culture. Cheers! http://finance.yahoo.com/news/big-banks-waive-fees-hurricane-225235335.html

Yeah, you were wondering why the stock was up today....well can someone explain me why it was up? That news came in after closing of the market. It seems a lot of people had that news before closing... I like the news, but today's pop in the stock price does not smell good to me. pretty easy to reverse engineer...they've had great news in recent days. the earnings were good. the economy is perceived to be getting better. housing is thought to be getting better. bac has more capital than people thought. it will probably pay dividends in first half of 2013. lots of people are short it. and It's Cheap. a stock with those kind of attributes is likely to go up faster than the market does. You're correct Rimm, but Ecco is right too. Unless that meeting occurred during market hours, and the release just came after hours, some people probably got a sniff of what was going to be announced. Not necessarily from BAC or anyone related to them, but they got wind somehow. Cheers!

That's an accolade that has come pretty quick! I saw this thing at the Fashion Island Mall in Newport Beach in September, and it is a stunning looking car. Beautiful lines, inside and out, and enormous passenger and luggage space. Go Tesla! Cheers! http://money.cnn.com/2012/11/01/autos/tesla-model-s-car-of-the-year/index.html?source=cnn_bin

Sanjeev is also mentioned in the article: Also mention of NormR and his dinner transcript...they've even got a link to a PDF copy! Cheers! In a transcribed summary of the dinner by financial consultant and founder of stock research site, StingyInvestor.com, Norman Rothery first cited Overstock in comments made by Hamblin-Watsa’s Sam Mitchell. According to Rothery, Mitchell said that Fairfax Financial Holdings’ decision to switch to Overstock was wrong because it “did not stick to its value proposition which was ‘great stuff at low prices,’” by establishing its O brands, and referring to Overstock as one of the firm’s “screw ups from last year.”

Awesome! It will be up even more tomorrow. Cheers!

We may be near a bottom in NW Florida land prices... http://www.4-traders.com/THE-ST-JOE-COMPANY-13183/news/The-St-Joe-Company-Reports-Third-Quarter-2012-Results-15451065/ The numbers are better, but it will take some time. Much of the positive results are from increasing sales, expense control and little in restructuring charges this year, but the sales increases will be relatively modest until the economy really starts to recover. I don't know why these guys were shorting this thing in the first place, but I think they'll be proven pretty wrong about JOE long-term. Good for Bruce...he's having a great year after the annus horriblis. Cheers!

Article on comments by Robert Shiller. I think the title is probably taken a bit out of context, but basically Shiller doesn't see the same sort of housing mania we saw a few years ago for at least another couple of generations. He's also not sure the housing recovery is going to hold. Cheers! http://finance.yahoo.com/news/shiller-housing-recovery-could-50-125741773.html;_ylt=Au8ZCpAxKD4w9l8Xw7fc6GCiuYdG;_ylu=X3oDMTQ4dTBzNTNjBG1pdANDTkJDIFRvcCBTdG9yaWVzBHBrZwM0ZGNkZDE2Yi0yZDM3LTMzNjQtYTI2NS1iYzExYzU0MjQ5YTcEcG9zAzUEc2VjA01lZGlhQkxpc3RNaXhlZExQQ0FUZW1wBHZlcgMwNWMyZWFiOC0yNDJiLTExZTItYmNmNy1iZDNkZDk5NjNmMDk-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

CNBC article: http://www.cnbc.com/id/49635038 A Bloomberg interview on how this is probably Berkshire's best quarter in increase in book value since 2010: http://www.bloomberg.com/video/berkshire-book-value-poised-to-jump-most-since-2010-_1Z7D5BhRIK95AnWLOJukA.html Cheers!

We don't own it, and I haven't been to any of their establishments, so don't ask me how I'm on the mailing list for their press releases...but they certainly have an exciting flair to them! Cheers! FOR IMMEDIATE RELEASE RICK’S CABARET STRIPPERS STILL TAKING IT OFF DESPITE IMPACT OF SUPER STORM SANDY NEW YORK CITY – (November 1, 2012) – The strippers at Rick’s Cabaret/New York City returned to work on Halloween, demonstrating that even Super Storm Sandy couldn’t keep them from taking off their clothes for long. The leading Manhattan gentlemen’s club, a part of publicly traded Rick’s Cabaret International, Inc. (NASDAQ:RICK), reopened on Wednesday with a spooky but festive Halloween party. “Everyone was in a great mood, with a sort of survivor’s atmosphere in the air,” said Ken Sistrunk, general manager of the West 33rd Street club. “There’s nothing like a beautiful and nearly naked woman to cheer you up after a harrowing event like Sandy, and the club was packed. Businessmen returned to the neighborhood on Wednesday and we look forward to greeting basketball fans on Friday night when Madison Square Garden reopens up the street,” he added. Mr. Sistrunk said cover charges at the door would be waived all this week and happy hours would be extended from noon until 10 p.m. with discounted drinks at the upscale three-story club across from the Empire State Building. Rick’s Cabaret/NYC has been called the “best strip club in New York City” by Playboy.com. It features a roof-top smoking deck and its Zagat-rated steak house is open until 4 a.m. daily. About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to adult entertainment venues serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. It operates 35 nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities as "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret” and other brand names. Rick’s Cabaret also owns a media division that operates ED Publications and a network of online sites. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com, or visit www.ricksinvestor.com. Facebook, https://www.facebook.com/rickscabaretnyc and Twitter @RicksCabaretNYC. Media Contact: Allan Priaulx, 212-338-0050, allan@ricks.com.

If it's a good idea and there is money to be made, you can bet Berkshire or MAE would work with them. On another note, how about another guy named Watsa? Cheers!

Are you cashing out of the market, or buying a new place? Will buy again at some point. Just silly right now still. I'm renting a huge house for about half of what it would cost to own. Rates will not stay low forever, and hot money eventually cools. Why take on the pain of P/T's, maintenance, garbage/water fees on top of a fully-valued mortgage. I remember clearly how my father ended up losing 5 properties in the 80's that he spent the 70's accumulating. It was a very painful decade for him...and our family. People don't think it can happen again, but they always do! Cheers!

Considering millions of people live in those areas... it's not really hype IMO I agree. The issue isn't the wind, but the amount of water. It's not a powerful hurricane, but it is very large and slow moving. Combined with the low pressure system coming at it from the Northwest, it's going to make an awful mess. Keep safe everyone! Cheers!

How are you guys doing? Hope everyone is prepared and out of harms way. Cheers!

Elon Musk is going to change the way we do alot of things. Cheers! http://news.yahoo.com/dragon-ship-back-earth-space-station-trip-193154963.html

Hi Lance, I received payment for two dinners. Thanks! Cheers!

Huge problems in China right now. But they are rich enough to hide them by keeping things afloat. It will show up over time. Cheers!

Article on MAE's move into Canadian power generation. Cheers! http://www.bloomberg.com/news/2012-10-26/buffett-s-midamerican-to-develop-canadian-power-projects.html?cmpid=yhoo

Article on Berkshire's recent $7.3B order from Bombardier. Cheers! http://www.bloomberg.com/news/2012-10-26/bombardier-in-fleet-sale-talks-after-buffett-s-netjets-order-1-.html?cmpid=yhoo

The ironic thing is that he got his vindication when he stopped worrying about the shorts and focused on the business. It's kind of what Glenn Suroweic and I tried to hammer into them in the conference call early this year, and when I spoke to Sam Mitchell in Toronto in April. Do the same thing Fairfax did...head down and focus on the company first...worry about the shorts second. There was no reason why this business was not profitable on an annual basis, but they were just spending too much on litigation and not streamlining the business. I'm glad to see them screw the shorts while restoring the operating business! Cheers!

Article on Fairfax. Cheers! http://www.reuters.com/article/2012/10/26/fairfax-watsa-idUSL1E8LQ31K20121026?feedType=RSS&feedName=marketsNews&rpc=43

Are you guys preparing for the Frankenstorm? Probably a good idea...better safe than sorry. Cheers! http://www.cnn.com/2012/10/26/us/tropical-weather-sandy/index.html

By the way, the top bid is now at $3,750. http://www.ebay.com/itm/121001990415?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649 Lunch With Mohnish is now at $8,800. http://www.ebay.com/itm/Power-Lunch-with-Mohnish-Pabrai-/121002008088?pt=LH_DefaultDomain_0&hash=item1c2c481e18 Cheers!

Photo of Charlie with the bust...which is the real Charlie? ;D Cheers!

It is actually far more clear cut than the market realizes. The market is assuming that no new loans or earnings are coming onto the books replacing the legacy assets. They are viewing BAC as stagnant, not evolving. Markets are blind to change until the bulk of the transformation is complete. Cheers!