LC

I have to disagree completely. The idea of law and justice has evolved to the point where miscellaneous aspects of a person's life are not considered, and for good reason. What a judge/jury considers are the facts surrounding the crime committed. That is why the judge limited what the jury was eligible to hear regarding Gupta's charitable work. What does any of this have to do with his criminal actions? If he had driven while drunk and killed someone, does this logic still hold? Of course not. Again, would the same logic hold if he had drunkenly ran someone over? What should be considered is his behavior while serving his sentence. If he is deemed eligible for an early release, good for him. Unfortunately life doesn't work this way and money and political associations can "buy" one's innocence, which will most likely be the case. It's more likely that the lower man on the totel pole (Raj - i.e. the "fall guy") will be made an example of and Gupta will serve a token sentence.

Thank you! I lived in Quebec for five years before moving back to New York and I miss very much the sound and cadence of the French language. Thanks again for the nostalgia! ;D

I'll tell you, I know people who have owned & managed nationwide timeshare companies and it is one of the most corrupt industries which exists.

Is it wrong to hope so? I'd like some of my ridiculously cheap limit orders to be filled...

I don't think it's a good idea. Who knows what could happen in the next 5-15-30 years...I don't think you should be betting your house on ANYTHING. That's just my personal opinion.

Wouldn't IB be able to give you access to the Icelandic market? Sorry if I am missing something here...

Interesting...before the question is asked, I personally doubt WB or CM were unaware of these holdings given their meticulous personalities. Thanks for posting Parsad. I was emailed this article from a family member who works closely with the Journal of commerce as well, so good on you for beating me to the punch :)

agree on finviz for free screeners

Quick question: What do you mean by "shift investing to 'workouts'"?

Gio, do you have a link to that interview? I would love to read it as well.

Do you know where to find these old editions? The first 3 and the 6th are widely available either at book stores or online. Here's amazon.ca list for Security Analysis. Thank you, amazon.ca has more options than its US counterpart!

Do you know where to find these old editions?

Additionally, let's remember that taxes in the US were much higher in the mid-1900s on high-income individuals.

Concentrated portfolio!? Are you crazy? Don't you know you have to diversify away all your gains and losses! ;D

That's exactly what I'm talking about. A guy can make a profit on it yet it might not be a value trade at all. It might just be a trader under the grand delusion of seeing a future that is just completely made up. But that grand delusion gives him the discipline to sell after a big rally because he believes it to now be close to intrinsic value. I think for each investor it comes down to having an "inner scorecard", or essentially shining the light of truth on your decisions. The numbers don't lie- if a business is undervalued it will show it in the numbers. IMHO that's the true "proof" of whether a decision was based on getting a good "value" or not.

My first thought on implications is they are diluting the cash hoards which companies supposedly have. Additionally, diluting the value of the dollar. What do members of this board do (if anything) to manage risk that your portfolio is held in USD?

25 Y/O 15k IRA 5k taxable gotta start somewhere!

What I find ridiculous is that he owned more than 1,000 stocks in his portfolio and still made 29.2% annual return... there must have been tons of 100, 1000, 10,000 baggers He did have massive amounts of token investments for screening purposes, right? While certainly more diversified than Buffett, I don't think he was as diversified as those figures would indicate at a glance. Exactly. He held extremely small positions in a large number of stocks simply because it forced him to actually keep tabs on those companies & industries.

From what I've heard, professional options traders/market makers don't use B-S to model prices anymore. In that case, why does anyone talk about B-S anymore? (I can't help but find it funny that we refer to as BS). Well, it's the "textbook" model. Everyone who goes into finance learns it, or at least learns about it. It's taught in universities everywhere, and is the accounting standard for reporting on stock options. None of that makes it a "correct" model. Options traders think of it as a right of passage: everyone in their profession learns the ins-and-outs of it, but then it is never used in practice.

From what I've heard, professional options traders/market makers don't use B-S to model prices anymore.

Only Seeking Alpha since the quality of the articles there is unquestionably superior to anything one can find elsewhere. I believe that if alive now Graham would probably be posting there as well, it's that good. I think Yahoo message boards as well. There are some top notch investors on Yahoo, people who claim they've had stocks go up 10,000% in just a few days. Buffett's got nothing on these guys.. Thanks for the laugh ;D

I'll disagree....slightly. Because I don't agree with your example. Visibility is the issue your example illustrates, not control. Can the store manager of a random McDonalds get free burgers? Surely. If a portfolio manager whose fund owns 8% of the company walks into that same McDonalds, will he get a free burger? Probably not because nobody working there knows who he is.

Thank you, here's the rapidgator link: http://rapidgator.net/file/39860413/Work_Flow_Management_For_Investors_-_Alex_Rubalcava.pdf.html

My apologies! I did not realize one had to sign up to download. I have the original PDF: It is 2.5 MB which I believe is too big to attach on this forum. If you can you suggest another method I would be happy to distribute it. EDIT: Here we are, this link should work: https://docs.google.com/open?id=0Bxf1UeW1kK_xaGRTMmcxLXVZV2s

I did a search which didn't show this as a repost, so here is a great guide which I use parts of to keep track of my investments in all regards: http://www.scribd.com/doc/98207906/ValueXVail-2012-Alex-Rubalcava Google docs link (to download): https://docs.google.com/open?id=0Bxf1UeW1kK_xaGRTMmcxLXVZV2s It's especially helpful to me to have all the news coming into a central RSS feed so I can plug into all my investment ideas in one single place.