petey2720

Need some advice. Been stuck in this value trap for a few years. Bought in between $2.20 and $2.30 and now it has gone up the last few days on no news. It is around $2.35. I've been underwater here for a long time. Hard to sit on my hands and wait. Any thoughts?

Look man, I don't post that often, so listen up. Hold onto your Markel. Find something else to think about. If you sell, you will pay taxes and possibly do something dumb with the money. If you keep holding you be got a world class company whose interests are aligned with yours and if the market cracks they will be opportunistic and add assets at low prices. Nobody ever said they are relieved to have sold their Brk shares.

Dairy Queen

Run a business

I hope not to distract from the discussion, but my thinking is that Buffett looks at where his subs spend money: http://www.computerworld.com/article/2576728/it-outsourcing/ibm--bnsf-ink-10-year-outsourcing-deal.html

I admit I have been interested in why Pabrai or management hasn't continued buying. The insiders are easier 'dismissed' as not trading around a blackout period. For Pabrai though, I do wonder. Has something changed his mind? Has he run out of liquidity, or found something better to buy perhaps? Maybe Pabrai has structured a debt instrument that would provide liquidity to the company to allow this to 'play out'. We could wake up to find he's provided a Buffett-like preferred investment in the company and taken a seat on the board. Who knows? Bottom line: Do your own homework, and trust your own judgment. I am starting to wonder what Pabrai is thinking in terms of tax loss selling with regard to this position?

http://www.chicagotribune.com/news/ct-hedge-fund-manager-fraud-met-20150702-story.html#page=1

Class Action Lawsuit filed (see attached article) Sears_Lawsuit_Article_6-1-2015.pdf

just an opportunity to get a few shares under $4.00

rvp pfie

His most recent letter is worth a read: http://choufunds.com/pdf/2015%20AR%20NEW.pdf

Do you guys buy Pacquaio's shoulder injury excuse, or is it a reason to push for a rematch?

Thanks for posting.

Thought this was interesting: http://www.sportsonearth.com/article/114687102/evander-holyfield-thinks-pacquiao-will-defeat-mayw_3