Liberty

[amazonsearch]Distant Force - George A. Roberts[/amazonsearch] The library doesn't have this one. I'm trying to figure out if it's worth buying... Who here has read it? Is the book readable and the info valuable? Or is it a terribly written book full of platitudes?

Maybe someone should try cornering the MoS market to make prices spike ;)

Food for thought: http://www.theatlantic.com/business/archive/2011/09/steve-jobss-law-why-founders-make-better-leaders/244439/ I think this doesn't just literally apply to founding the company, but also to owner-managers founding the company's current model (ie. Berkshire from the day Buffet came on board was pretty different from what it was before, even if Buffett didn't create it. Same for EBIX from the day Robin Raina came on board). There was a comment on another forum about how these new star CEOs are more loyal to the board that put them there, while founders are often more aligned with shareholders.

Last I checked on Amazon it was around 2.3k

I've been meaning to ask about the MacLean book. Do you think it's a good buy for someone without a math background? It's kind of expensive, and I'm a bit afraid of getting a math textbook that I mostly won't understand. Security Analysis is indeed drier and more complex than Intelligent Investor, but I can understand it just fine. Is it the same with Kelly Capital Growth or is it a lot more like a statistical journal paper that is 800 pages long? Thanks.

That's a good point. What's the rule on the quiet period & buybacks? How long? Is it the same in the US as in Canada? As for the prices being stupid, indeed. I bought some at 10.15 on Monday :)

Margin of Safety is impossible to find in physical form unless you want to pay a few thousand bucks, but I found a PDF pretty easily online. I'm halfway through, but it's great.

Thanks. Is his approach value investing? I have to say that the first review scared me: This seems to make sense if you are passively indexing, but I'm not sure what I would do with this information considering my portfolio is 100% equity and has ranged between 3-9 stocks so far (I'm Mungerian that way)...

It's like a Wikipedia entry. The new ones build on the past ones. Just get the latest one and enjoy 8)

I've actually never read a Costco 10k. I think I'll go check out a few, I'm sure I'll learn a few things. Update: I've only read a couple dozen pages and I've already started to understand why Munger likes them so much :)

Could you elaborate a bit on what makes it good and what is approach is? Is it as useful to an individual investor? Thx.

I like it! Thanks!

Not strictly EBIX, but a documentary produced by Raina is premiering on US tv soon: http://www.rainafoundation.com/PressReleases/dilli_TV_premier.asp Robin's producer note on the film: http://www.dillifilm.com/

[amazonsearch]Fortune's Formula - William Poundstone[/amazonsearch] More background here: http://www.cornerofberkshireandfairfax.ca/forum/index.php?topic=4953.0

I've just finished the book and enjoyed it a lot. I recommend it to others here!

Well, that was dumb. I didn't think to check Alderon. Up a lot on 4x volume, so some of that probably spilled over to altius, though I'm still not sure if there's a specific reason for the jump. This piece has a lot of nice things to say about Alderon, though nothing really new: http://www.businessinsider.com/rodney-cooper-bullish-on-iron-ore-and-copper-2011-8

Over 100k shares traded today. Wonder if there was a news item that hasn't hit the wires I monitor yet.. Anyone has seen anything? Could be just a random fluctuation in the spatio-temporal-continuum, though ;)

They're that desperate for anything positive to be said about them, apparently... ;)

If you believe this is the real reason, I have a bridge to sell you!

One more batch of Touchepads coming: http://h20435.www2.hp.com/t5/The-Next-Bench-Blog/More-TouchPads-on-the-Way/ba-p/68749

Both Buffett and Graham would tell you not to use Mr. Market as a guide...

Oh, I should just for the entertainment value. I subscribe to r/SecurityAnalysis/, but there isn't too much activity...

I'm not too sure. I saw that on reddit and though it would fit in this thread..

IMHO it's even cheaper than that, but time will tell. In any case, welcome back to the FTP club! Ejoy the ride 8)

It's been fast lately, and I'm starting to get used to the new theme. Kudos!