fareastwarriors

Brad Katsuyama Q&A: ‘I Don’t Think We Would Have Survived If It Was Just Hype’ https://www.bloomberg.com/features/2016-brad-katsuyama-interview/

I do rental real estate. It's capital intensive and can be time-consuming. It's definitely not for everyone.

Cash is piling up faster than Warren Buffett can invest it http://finance.yahoo.com/news/cash-piling-faster-warren-buffett-151851036.html

TWTR ? Why?

+1

end of Mars pref https://www.bloomberg.com/gadfly/articles/2016-10-06/berkshire-s-wrigley-windfall-isn-t-even-its-best-bet

BAC - 50% AIG - 20% BRK'B - 8% FCAU - 5% AAPL - 4% RACE - 4% tiny positions in: BIDU DJCO KHC RYCEY BCOR XCO

I voted yes. If WEB is retiring and he chooses Trump as his successor, then WEB obviously sees some value or something about Trump. I'll give him the benefit of the doubt since Trump supposedly has Buffett's endorsement in this scenario.

While a small population do take advantage of the lower prices of certain everyday/promotional items, many do not. They shop according to their predetermined list. While I understand the utility of the list, I think that's a mistake... people should buy what's on sale and then plan/adjust their meals to those sale items. What are my qualifications? 4 years as a cashier at Whole Foods. ;D ;D ;D

I read this too but it says nothing about Kuwait’s investment. I think it's more likely them shorting than Berkshire but that is just my opinion.

I agree with all of what you are saying here. He has taken the whole 'premature accumulation' thing to a new level. The opportunity cost alone of some of these investments is off the charts - not even mentioning the fact that the actual prices are much lower in some cases than his average purchases. Are Sears or Joe going to be up 2-3x in the next few years? If not, can he find nothing else that will be up a similar amount with less risk? I just don't understand the exit plan with either of those, which I find to be extremely important. Interestingly, my best rate of return investment ever was buying IDT around the time Berkowitz was selling at a 90+ percent loss. I also had a lot of success with BAC a few years ago, but most of his holdings today I would not consider owning. I hope he proves me wrong because I have learned a lot from his work and like rooting for him. I'm in the same boat as you tede. I have shares in FAIRX and a small amount in FAAFX. I also own SEQUX.... I'm sitting tight for now. Maybe after 10 years, I will throw in the towel.

Is MER in Canada and TER in the USA equivalent? I thought his Chou America Funds were expensive at 1.2% but it looks like some of his Canadian funds top at 1.8%... It seems really expensive..

How come decent managers never launch closed end funds with respectable expense ratios?

I have shares in SEQUX (5+ years) and FAIRX (7+ yrs) in my IRA. I haven't been shaken by their poor performance in the last few years (and longer) of underperformance. I added money every year. But many more years should I give them before I just switch to the S&P 500 index? I just don't know anymore.

I was thinking the same for DVA.

every Fund is getting killed (saw Chou's thread)... is there any mutual fund worth investing in?

They underperformed, YTD, over 1 Year, 3 Years, 5 Years and over 10 Years. That all one needs to know. Another win for index funds. RIP 20 years? :'(

Here’s Why the Pundits Are Wrong About Warren Buffett http://fortune.com/2016/08/25/pundits-wrong-about-warren-buffett/

I drink socially but do not drugs.

Probably similar to working at a 3G company

Isn't he a board member of Sears now? He might as well just go down with It. *sarcasm*

Another one: Warren Buffett Deputy Ted Weschler Makes His Mark http://www.institutionalinvestor.com/article/3572131/asset-management-hedge-funds-and-alternatives/warren-buffett-deputy-ted-weschler-makes-his-mark.html#/.V5EjJSFTHzI

Berkshire Hathaway Said to Be Among Leading Oncor Bidders http://www.bloomberg.com/news/articles/2016-07-14/berkshire-hathaway-said-to-be-among-leading-bidders-for-oncor

I keep seeing headlines about markets being at record highs but then I look at my own portfolio and is way down from like 2014/ early 2015... :'(

haha boom roasted