Parsad

It's ok, I mis-read your post and thought you meant annual too. Cheers!

This is all talk. For the sake of the bet, lets assume I am silly, retarted, whatever label you want to attached to me. That only makes you smart to be on the other side of the bet. If I don't know what I am doing, I deserve to lose my money and I am fine with it. I have done my analysis and my calculations and I am comfortable with the odds. Question is, are you? So gentlemen, let me ask for the third time, are you willing to take the bet? I am willing to put $5000 down. Either one of you can take the bet for $5K or both of you for $2.5K Sorry, I don't make stupid bets. But here is an option for you since you are very comfortable with your analysis: Why don't you buy January 2014 in the money calls with the $5K? The $575's trade around $106, and if you get anywhere near a $750B market cap, you would have 3 times your money. After you buy the calls, please make sure you scan and post your trade confirmation on here, with the name, account number, etc. redacted. Cheers!

No, you did not imagine it! I'm glad we bought quite a bit when the price got hammered over the last couple of weeks! ;D Cheers! http://finance.yahoo.com/news/dell-shares-rally-company-announces-200300191.html

Forbes article on the recently announced $9.6B Netjets fleet purchase. Cheers! http://www.forbes.com/sites/chrisbarth/2012/06/12/warren-buffett-clairvoyant-or-crazy/?partner=yahootix

You are the guys who started making short term, specific predictions - not me. I am simply challenging you on it. Are you confident in your analysis? When did anyone say anything about Apple's short-term results or success? I think everyone said that the long-term competitive advantages at Apple would diminish over time without Jobs, and that is due to the company's lack of the visionary and driving force behind the business, and in particular his marketing skills. Before you do something retarded, go back and read the thread from last October. Not once did I say anything about Apple falling apart in the short-term, but that over time competitors would slowly start to catch up...and I think that would start to happen within a few years rather than a decade. http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/why-apple-won't-be-the-same-after-steve-jobs/ The truth is that I admired the hell out of Jobs and I give him sole credit for what he did with the company. I'm not lambasting Apple, but praising Job's abilities...that's always been the case! Cheers!

So, are you taking the bet? So, you would actually bet on the short-term, speculative nature of predicting whether Apple might be a $750B capitalization company within a year or two? What if someone asked you whether you would make a $5K bet on Apple being a $750B company on June 13, 2013? Would you be silly enough to take that bet?

And no, I don't think Google is working on giving the Facebook the kind of integration and placement that Apple has. Doing so will effectively kill their own social network while it is still a sapling. If they don't, they will make Android phones less attractive to the hundreds of millions of regular Facebook users. What are they going to chose? Their social platform or their mobile platform? I wasn't talking about Facebook...but Apple's challenge to destroy Google Maps. No, they're not going to have the kind of integrations that Apple has with its phone, tablet and laptops. Thats because few people are buying Android tablets and even those that are - they're buying Amazon's. There are fewer still with Chromebooks. So, what value does the integration bring? Cool demos? It's not about tablets. Tablets are just another media outlet for the end user, and over time it will morph into something else, just like desktops, laptops, etc. The iPod for all intents and purposes is irrelevant now, even though people still buy it, there is support for it and it generates revenues through iTunes...but it is irrelevant and will eventually go the way of the VCR or DVD player. The end goal is to provide the user the most useable device and the greatest number of integrated devices. So as long as Apple's competitors are outselling it in smartphones, laptops and eventually televisions, they will eat into the marketshare over time. Don't forget that Jobs created the graphic interface (or at least brought it to market), but who ended up with the monopoly...Gates with Windows. Things change so quickly in technology that moats can dissolve in much less than a decade. Granted, it will take Apple's competitors considerable time to eat into their space significantly, but it will happen over time. It always does! Cheers!

I remember that you said that Apple would top out at $500-$600B market cap in January. They're now at $542B market cap. I bet you $5000 that they will surpass $750B in the next two years. Wanna take me on? So exactly how was Uccmal wrong...at least to this point? Don't get too carried away. I went through the whole presentation after you linked it, and I wasn't particularly impressed with what they were doing. There was nothing really significant, other than getting the Macbooks up to speed with the iPad3 and iPhone. Integration with Facebook and pushing their navigation over Google Maps? You don't think Google is already working on this...that they've got far more smartphones already using Android and they won't fight back? The one thing that always happens with regularity, is that parity comes easier than the retention of supposed moats. With proper curing concrete becomes stronger and impermeable to moisture...but if you get any cracks...even the smallest amount of moisture can start to tear it apart over time. Those cracks appear more frequently within technology companies. Cheers!

Netjets is adding to the fleet! Cheers! http://www.bloomberg.com/news/2012-06-11/buffett-adds-cessna-bombardier-planes-in-9-6-billion-deal-1-.html

Article on Berkshire. Cheers! http://www.bloomberg.com/news/2012-06-11/buffett-s-berkshire-seeks-to-buy-rescap-s-mortgage-unit.html

He could have had a few slides on there related to his presentation or something. He goes on CNBC all the time now and has his own slides to show during this interviews. It looks like a netbook, not a normal sized laptop. Cheers!

Yeah, it's him. It's from the Microsoft CEO Summit two years ago. Jeff Bezos was there as well. Check the three photographs below with the one originally posted...same tie, jacket, haircut, etc. Cheers! http://news.cnet.com/2300-13860_3-10003505-3.html http://www.kingdom.com.sa/en/MC_PR_NewsDetails.asp?p=3&ID=538 http://www.seattlepi.com/news/slideshow/Microsoft-CEO-Summit-2010-6620.php#photo-769293

Not sure if you are kidding or not, but if you aren't, compare the nose, ears, and glasses here: http://www.inquisitr.com/wp-content/2011/07/Warren-Buffett.jpeg The shape of the glasses in the photo where he's holding the computer makes me think that that photo might have been squeeze horizontally, which makes buffet looks like he has a narrower head. But it's definitely him. Marlin knows Warren really well Liberty...he's teasing you! ;D The Yellow BRK'ers, including Marlin, used to take a cake to his office on his birthday every year, and Buffett used to show up to their parties all the time. That's where I first met Buffett and had my picture taken with him. Cheers!

Yeah, I think Liberty is correct. Definitely not a Macbook. Does look like Asus or Acer. Cheers!

Eurobonds are a necessity if they plan on keeping the Union together. This would be very good news. Cheers!

Wow, a new record...$3.456M! Cheers! http://www.ebay.com/itm/Warren-Buffett-Power-Lunch-8-benefit-GLIDE-/290720763853?clk_rvr_id=351027505159&viewandbid=290720763853&VER=single&POS=viewandbid

Over $500K now with 7 hours to go! Cheers! http://www.ebay.com/itm/Warren-Buffett-Power-Lunch-8-benefit-GLIDE-/290720763853?clk_rvr_id=351027505159&viewandbid=290720763853&VER=single&POS=viewandbid

LOL! That's why I'm saying to get your bid in now and get some free publicity. Next year, the lunch may go for less than $100K and no one will care! ;D Cheers! I think we should auction off a burger with Parsad Cost you only $10 and I'll get Alnesh to take a photograph too! ;D Cheers!

LOL! That's why I'm saying to get your bid in now and get some free publicity. Next year, the lunch may go for less than $100K and no one will care! ;D Cheers!

I'm sure the bids will eventually climb to well over a million, but if any young aspiring money managers are interested in some free publicity, you might want to make a bid. You'll probably get a number of media outlets calling you for a quote! Cheers! http://www.ebay.com/itm/Warren-Buffett-Power-Lunch-8-benefit-GLIDE-/290720763853?clk_rvr_id=351027505159&viewandbid=290720763853&VER=single&POS=viewandbid

A CNBC reporter spends the day with Buffett's bodyguard, Dan Clark, at his security company. Cheers! http://www.cnbc.com/id/47605253

Yes, it does. I believe he will and does encourage future graduates to return 10% of their earnings or that is the idea. Cheers!

They will settle in both cases. None of the parties want to risk walking away with little to show or nothing, so they will settle on mutual terms at some point. It's a game of chicken, and eventually someone always gives in a little. Cheers!

Is it Nick Snyder...from Morris Snyder Management? If so, yes I know Nick quite well. He's come to our Fairfax dinner for the last couple of years. Very nice guy! Cheers!

You see maybe my weekend rant achieved something :P You psyched me out! ;D Cheers!