Liberty

Wow, that's huge. Reminds me of LUK + Jeff size wise (except Mr. Market doesn't seem to like it for MKL so far).

As a Canadian who gets paid in US dollars, I've been wondering about the same thing for years. I have no real answer for you, sadly :-\

I haven't sold any, but I get not credit because I just bought recently. I know I'm late on this one, and have no one to blame but my own inadequacies as an investor :-\ I only have warrants, btw.

Last I heard about DP prices, they were a bit under 950, but that could have changed since then. I don't think these low prices are sustainable for too long with a significant fraction of the industry losing money, but we'll see. What I'm most looking forward to next is news on the cogen. Once that's up, it'll provide a nice cash stream that isn't dependent on DP prices.

Any currency with high visibility would be a huge win, as it would increase the chance of other central banks following suit; it's such a conservative industry, I feel like tacit peer approval must matter a lot. Nobody wants to be the first to take a chance in case it's a mistake, but once a few have done it, if it's a good product, it could get some traction.

Welcome to the board Edward, and thanks for sharing this idea.

So far it's quite good and interesting, certainly would recommend it! Thanks for the rec, I've added it to my list!

Damn, you scared me for a second :P

The two books 'by' Feynman (they were written from interviews with an author who's name escapes me, IIRC) and the compilation of his letters are great. And if you want something more hardcore, you can check out his physics lectures. There's a biography of Dirac that I read this year and liked ("The Strangest Man: The Hidden Life of Paul Dirac, Mystic of the Atom by Graham Farmelo").

Maybe we're happy and shiny because people expect us to be somber and sad. That's pretty contrary ;)

And happy winter solstice too! :)

Now that's out of the box!

ありがとうございました！そして、あなたがGoogleの翻訳ありがとうございました！ (I sure hope that worked ;) )

Anyone has an estimate of Moynihan's net worth? Is most of it in BAC, or is he very wealthy with most of his money elsewhere? (I'm not saying that if most of his money isn't in BAC he's not aligned, I'm just curious)

Parsad, I think you should stop eating out, or BAC won't be able to do any buybacks under book :-\

+1 8)

Hey everybody, Just a quick note to thank everybody who contributes to this forum. Sincerely, I really want to thank you. I know you could fill canyons with what I don't know about investing, but I want to always keep learning, and I feel like this is a great place to do that. I absolutely love how so many people will refine ideas over time, bouncing off each other's input and researching countless facets of an investment thesis. This place is like a Viennese coffee shop in the 1800s or something! It's like a great book that you can never finish reading, and you can ask the author directly when you have questions! This is really a special community, and a lot of credit for that belongs to Parsad, our benevolent leader. But while he's the necessary foundation, we have so many great contributors; thank you! :)

Interesting that Jefferies is an advisor in that deal :)

http://financialpostbusiness.files.wordpress.com/2012/12/bz1217-inmet.jpg?w=620 Las Cruces. Just thought it was a nice photo.

This isn't something I've researched deeply (I don't hold GOOG anymore, so not following as closely), but I know they've been buying lots of dark fiber since 2005. Let's say hundreds of millions, if not billions, have been spent to lay these fat pipes across the US over many years, but then for whatever reason they stay dark (not needed, bankruptcy of the company that built it, whatever). Google buys those for pennies on the dollar, and then it can offer fiber access to cities that are close to those pipes, with only last-mile connections to do (ie. there was certainly a google-owned dark fiber line running through or next to kansas city, they didn't pick these cities at random). That's expensive, but a lot less expensive than buildings hundreds of miles of fiber across the country.. And the nice thing is, after enough places have fiber access like this, it'll force other ISPs/telecoms to try to match Google's offering and invest more in their network (standing on tiptoes at a parade -- once one person does it, everybody has to). That's a nice leveraging of the investment, since Google benefits from increased web usage even if not on its own network. Now I have no idea how much money it'll make, or how exactly one could determine all the indirect ways in which it can help, but as a long-term investment, it has potential IMO.

Isn't Google Fiber using most dark fiber that the company bought cheaply after the dot com bust? It seems like the only thing left is to provide the last mile connection, which is probably expensive but less so than if they had to build out the whole fiber network. User fees can probably pay for a lot of that last-mile stuff.

http://www.businessweek.com/articles/2012-12-13/with-solarcity-ipo-elon-musk-may-get-clean-tech-right SolarCity IPO'ed today. Another Elon Musk company (he's chairman, and his cousins are running it.. he had the original idea).

Are you saying that smartphones don't increase the absolute number of search queries?

Thanks.