Mandeep

bought more swiss re today. anyone else own it?

Guys, you are right about reinsurers being awesome buys. I bought into swiss re a few months back and now am looking deeper into the smaller names. Has anyone heard of ESGR? ton of cash, little debt, and pretty cheap price.

did anyone else's cut out at the end? I didn't see a part 2. Slam some of that Swiss Re, guys.

Erin is better or Rebecca Jarvis... Great interviews too btw lol

Ya that was a great speech too!

me too! obstruktion@gmail.com

Hey guys, don't know if you checked out this video yet. I liked it. Great way to look at businesses.

hahaha

I don't know. MSFT may have a shitty product but I really like the way they do business. I work for Fujitsu for sales. We are a microsoft partner in terms of consulting and a partner in terms of hardware (servers, storage, laptops). The thing that I really respect about microsoft is how open they are. Do you know that microsoft direct salespeople can't sell licenses without a reseller? For those of you that are not familiar with the IT space, usually in companies like Oracle, HP, EMC, etc, the direct salesforce actually competes with their channel partners. The direct team does not get paid if a reseller sells into their accounts. how stupid, right? Microsoft doesn't allow their direct people to sell without a reseller. Imagine what the resellers will do. It's no wonder why SHI, insight, cdw, and the other billion dollar resellers sell more microsoft than anything else and have yet to even touch their oracle lists (in reference to one reseller I just met today). -M

yep and who knows, he might have bought a ton in his personal account.

He still has that convertible preferred. The thing about buffett is he's like a liar. He didn't even purchase that much WFC or USB at under 10. That was a BIG red flag for me.

It's it funny that in April, people on this board were saying stuff like "GE will never go back to 10 again. that was a generational low." And now when it back at 10 everyone is thinking it is going bankrupt? This is no lehman brothers, guys. This is a deal-real manufacturing company. Now I intend to keep it 1 year+ at least, but doesn't the rally of the march lows prove that things in at least the stock market can change FAST? Remember GE at 5.73? or AXP at 9? USB (my fav) at 8? come on guys, relax. This is not GM or citigroup (which I also own).

of course its struggling. When did you want to buy, when they are doing good? i.e. GE 40? GE 60? Isn't that the point of value-investing? I don't get your points here....

nothing about indiv stocks. :(

they have subprime exposure in england too don't they? immelt is awesome though. You guys should check out his berkeley presentation. Other than numbers, GE is number one in every industry. Who can compete with CNBC? no one. Who can compete with their wind turbine business that makes $3B profit post tax. They got jet turbines, and locomotives too. If GE goes down, we'll be dead. push for energy/infrastructure will benefit them too. and usg is just, well usg. I don't even know why I bought it. haha.

Good luck guys!

this vid was awesome! buffet is great for doing this lol. he's probably one of the few guys that is comfortable making fun of himself. i respect that a lot.

Thanks man, I bought this on Friday. If this goes down more, "okay brrrinng this" (from you don't mess with the zohan).

How do you personally calculate the value of the company? esp. banks and other financial/insurance institutions How do you know when its time to sell? Do you buy tech stocks? What do you think the general public should be doing right now with their money? Is there any time where you could consider trading instead of long-term buy and hold, where long term = more than 1 month? Peter Lynch used to say that the most important organ in investing is not the brain, but the stomach, do you agree with this? If yes, how have you overcome this? What are the qualities of a "good" company in your book? I could go on and on. lol. -M

Great find, man! here's another: http://seekingalpha.com/article/69579-edward-thorp-and-bill-gross-how-to-play-your-cards-in-today-s-market

GE soon to follow. USB back to 16. This is awesome. I'm going to calculate the value to USG today to see where I get. I believe Buffett put in $400 m and Fairfax put in $100m, correct?

Buy in places that people actually admire.... I'm thinking about buying a condo in San Francisco, but I don't know if the city was really hit that hard.

I want to buy real estate. 3 great areas: Miami, San Diego, or Pheonix. I'm going to San Diego tomorrow and I'm going to look at the properties there. This is going to be awesome!

It's so weird. It's funny how he didn't drastically put more money in WFC or USB last quarter as one would have expected. He upped his stake by what, less than 5% or something? Isn't it weird? lol

Thank you Jack for your intelligent reply. D-o-double d's security analysis should be awesome. I need to find the time and get that book. Thanks again, buddy.