Liberty

Terrible news :'(

I use TD Waterhouse in Canada and they're fine, but I don't do anything fancy.

I'm reading it now, about 1/4th through and it is very interesting. Still not sure how I could apply any of it, but more practical investing stuff might come later in the book.

Hindsight is 20/20, though. Back then, I'm sure making sure the company could live through almost anything had priority, and even he probably didn't think Apple would be worth 300+ billion less than 10 years later.

Please elaborate on why you think so.

http://rootzwiki.com/showthread.php?t=3327

http://communities.washingtontimes.com/neighborhood/prudent-man/2011/aug/21/tax-rich-buffett-beclowns-himself-again/ Buffett getting no respect = indicator that BRK is undervalued? Hmm..

I have a whole series of photos of those. They're antennas from the ALMA radio-telescope in Chile: http://www.almaobservatory.org/ Photo probably looks fake because colors have been adjusted in post-production.. Not sure.

I thought they owned around 15+ billion worth of it each (if that's not a financial incentive, I don't know what is). Will have to look it up... edit: Looks like they've been selling some (probably to diversify in other things), but still own a nice chunk: http://www.sec.gov/Archives/edgar/data/1288776/000119312510011019/d8k.htm And of course, the other part of the 3-headed leader, Eric, owns a bunch too, though not as much.

I'm not sure the market has much memory. If they could be scared that easily, 2008-2009 would have driven everybody out, yet a couple years of rising markets seems to have brought many back in. They might run now, but if things go up for a while they'll be back... and almost by definition, these people end up selling low and buying high.

Some that I like and that you haven't mentioned: Larry and Sergey at Google Robin Raina at EBIX Chad Wasilenkoff at Fortress Paper Brian Dalton at Altius Minerals Bill Berkley at W.R. Berkley John Michael and the management and employees of RLI (insiders own a big chunk, but it's spread over many people)

Thanks, I've switched back to the old theme, and while doing that I found options to show more threads per page and more comments per page!

The problem is they're probably selling it below cost, and I doubt sales would continue at that level if they brought it back to the price at which they make a decent margin.

HP is too directionless for me to get interested in. I also suspect that they'll be losing (if it hasn't already happened in the past 10 years) a lot of good engineers, and that this'll hurt them a lot. Not saying it's not possible to make money in the stock - like with RIMM and MSFT - but I'm looking to be comfortable with both price and the company's technology/roadmap/culture, and while price is hard to beat, I'm not comfortable with the latter in HPQ.

lol, that's funny. Have a look at this: http://i.imgur.com/ZRase.jpg

http://civic.moveon.org/standwithwarren/?rc=standwithwarren_letter.fb.v2.g1 Found this. Not an American, so won't sign, but looks like it gathered a lot of signatures.

Site's down for me too. Congrats Tariq on new gig! Hope you'll still find some time to comment on this forum once in a while :)

It's mostly that a lot of journalists aren't necessarily smarter than everybody else, and if everybody else things that way (doesn't keep things in perspective, overreacts both ways, etc), chances are that journalists do too.

In a way, these people are a personification of Graham's Mr. Market. ;D

BAC cutting around 3,500 jobs: http://online.wsj.com/article/SB10001424053111904070604576516813395283964.html

Wow, down 20%. Mr. Market really doesn't feel good about this. Out of curiosity, what do the HPQ shareholders on this board (and there seems to be many of those) think about this, and are you backing up the truck or reconsidering your investment?

As far as I know, he bought businesses in those countries, not just piles of their paper currencies to hold somewhere hoping to later sell it at a higher price to someone else. I think that's quite different.

A bit old, but belongs in this thread: http://crystalequityresearch.blogspot.com/2011/03/short-sale-saga.html (a lot of good stuff in the analysis, but at least one glaring mistake: "Raina holds over a million options but few Ebix common shares." --> false, Raina holds around 4 million shares.)

Buffett owns businesses that produce products and services of value, and he only holds cash while waiting for those businesses to be available at prices below what he considers to be their intrinsic value. This is very different from "investing" in gold.

I'm sure it's reassuring to shareholders that the PR people who came up with the RIM socks haven't been laid off ;)