fareastwarriors

I hope Project Fi from Google does well.

Had a friend who argued to his wife that it was cheaper to go to the bar to watch the games, plus there was a sense of community there. Around here bar's have deals for Steeler games. Usually you can get a Miller or Coors for $2, figure five beers and the NFL "costs" $160 or so. I'd say he had a point considering that seems to be the average monthly Comcast bill around here. Yeah but what are the costs when after said 5 beers the waitress starts looking more and more like Megan Fox? -CM No snacks? No nachos? Wings? When I goto a bar, I somehow always spend more than I would like.

I use Dish. I pay a good amount for my regional sports channel. Let's go Golden State Warriors! I probably watch an hour or 2 per day during weekdays and 3-4 hours per day on the weekends.

Car Retailing Grabs Merger Spotlight Rising sales has dealership chains on the prowl for small, family-run outlets http://www.wsj.com/articles/car-retailing-grabs-merger-spotlight-1428964753?mod=WSJ_article_EditorsPicks_3

Still sounds a good product if used wisely. that's the key always though, wisely...

Deep value picks from Francis Chou Chou posts double digit gains but still has a lot sitting in cash http://www.moneysense.ca/invest/stocks/deep-value-stocks-from-francis-chou

It sounds really interesting. let us know how it goes.

So how was the interview? Anything insightful?

Seems like a normal request

This is why some sort of car sharing should end up being the default car ownership option, imo. I don't enjoy anything about owning a vehicle, if I could walk to the end of the block and be sure one was there I would absolutely sell my vehicle and do that instead. (Or definitely once my kid is out of his car seat, which is non-trivial to install) I drive to my CVS/Safeway 3 blocks away because I don;t want to carry my stuff home. It's bad I know....

Buffett on CNBC today Buffett's automotive group goes shopping http://www.cnbc.com/id/102549930

http://www.pwc.com/en_US/us/tax-services/publications/insights/assets/pwc-irs-treasury-clarify-ownership-pfic-stock.pdf

+1

Fed Says Fannie and Freddie Have Not Repaid Taxpayers http://blogs.wsj.com/moneybeat/2015/03/25/fed-says-fannie-and-freddie-have-not-repaid-taxpayers/?mod=WSJBlog&mod=overheard

Banks Keep Loans Close to Home Fannie and Freddie profits could feel pain http://www.wsj.com/articles/banks-keep-loans-close-to-home-heard-on-the-street-1427054153

The Fannie and Freddie Profits: Pendulum or Pit? http://blogs.wsj.com/moneybeat/2015/03/17/the-fannie-and-freddie-profits-pendulum-or-pit/

Bloomberg View columnist Barry Ritholtz interviews Brad Katsuyama, President and Chief Executive Officer of IEX Group, formerly the Global Head of Electronic Sales and Trading at RBC Capital Markets. They discuss dark pools. This interview aired on Bloomberg Radio. http://www.bloomberg.com/podcasts/masters-in-business/

Seems like Mr. Circuit Speaker is doing just fine though... maybe our punishments are not harsh enough.

Is it going to be the same "screw the customer" experience as in other auto dealerships? I guess I don't understand this purchase. I have a friend who is in car dealerships and he's been saying valuations have been stretched for years. When he and others are thinking of getting out you have Buffett climbing in. The industry has completely changed in the last few years. Previously there was a greater margin on new cars. Now that margin has shrunk and dealers make their money on incentives from the manufacturers. They also make money on service. Used car sales offer some promise. There is a LOT of margin in most sales especially in the $5-15k range. Incentives have changed with online sales. We recently purchased a car from a volume dealer near us. The price changed on a fairly regular basis based on the surrounding market. The dealer didn't actually set the price, they set parameters in the software and let the software set the price. We paid what I'd consider a fair price. The car is in great shape and is somewhat rare. It was cheaper than other cars in the area by a few percentage points. The dealer said the slight discount is how he moves volume. They do 150-200 cars a month and have found for them that's the only way to make money. It's an interesting business model. I ran this by my friend who's in the dealer business, he knew the software immediately and said it's what everyone has moved to. There isn't a guy out there guestimating a value anymore. Part of me thinks Buffett is out of touch on this. He's thinking dealerships are still full of guys in corduroy blazers with elbow patches working customers over for every last cent. With the Internet and mobile I don't think too many customers have patience for that business model anymore. Especially if you can go on TrueCar or a million other sites while at the dealer and see what others have paid. What was the software? Excuse my ignorance, I thought dealers make money on the service side of the business. It seems like every time I go to a dealership their service bays are always full....

Buffett Says ‘Fun Has Just Started’ for Auto Sales at Berkshire http://www.bloomberg.com/news/articles/2015-03-10/buffett-says-fun-has-just-started-for-auto-sales-at-berkshire

Think he's okay... http://www.wsj.com/articles/baupost-group-founder-seth-klarman-has-cardiac-bypass-surgery-1426004312 Baupost Group Founder Seth Klarman Has Bypass Surgery Hedge-fund manager was discharged from hospital Tuesday

I follow the Buffett diet.

With Revamped Gold Cards, Bruised American Express Returns Focus to Affluent http://www.cnbc.com/id/102462544?trknav=homestack:topnews:20

What a run! May he rest in peace.

Calling Ed Jones an investment bank? Hahaha, good one.