fareastwarriors

Buffett Nabs Car Dealership As First Step Into Fragmented Market http://blogs.wsj.com/moneybeat/2014/10/02/buffett-nabs-car-dealership-as-first-step-into-fragmented-market/

more general news on the deal http://online.wsj.com/articles/berkshire-to-buy-car-dealership-group-1412253366?mod=WSJ_hp_LEFTTopStories Warren Buffett Buys New-Car Retail Chain Legendary Investor Says He Plans to Buy More Dealerships Over Time

I thought he only needed a new car. Now he buys the dealership... ;D went in for a car and came out with a dealership

I will make a small contribution! ;) surely my $1000 will even out the redemptions

As a shareholder, ouch.

+1 and additionally, have them visit the bogleheads forum. it's a gem like this forum here.

oh those Germans.

That would be nuts. 2 legends in the bond world in one shop. they cant both be Bond Kings. Bond Emperor?

I'm sure Doubleline (Gundlach) will see some new inflows as well.

Dozens? Sounds about right for the number of sales. (sorry couldnt help meyself! ;D)

From your opinion, which stage of the cycle are we in? (planning to read the article you posted tonight but I did read the piece on Bill Gurley)

Entrepreneur Peter Thiel talks 'Zero to One’ http://www.sfgate.com/living/article/Entrepreneur-Peter-Thiel-talks-Zero-to-One-5771228.php?cmpid=hp-hc-bayarea

i have 12 currently. all are held because they in some way help me maximize the number of points/miles i receive from signup bonuses and spend. I have like 6 now. That's down a couple already. Those sign up bonuses are very lucrative. Wow, I guess I don't work as hard taking advantage of the cash back/points. I only have 3 cards. Not counting my debit card for my checking account which has a VISA logo on it, but it isn't a credit card and provides no cash back benefits. I only use it at ATMs to get cash, never to buy anything. Once you are already getting 2% cash back on everything you buy the extra effort to get a few bonus points here or there doesn't seem to me to be worth the extra effort. Amex Preferred Cash give you 6% back on grocery. Sallie Mae Card give you 5% on grocery(including Walmart Super Center), 5% on gas, 5% on books (including Amazon.com)... I have the Sallie Mae card. I guess the disclaimer is 5% cash bank on the first $250 of spending on grocery/gas and then 1% thereafter. I can't remember the book store limit right now. But it is great reward. It's better than Amazon's Visa Card (only 3% cash back for Amazon purchases).

i have 12 currently. all are held because they in some way help me maximize the number of points/miles i receive from signup bonuses and spend. I have like 6 now. That's down a couple already. Those sign up bonuses are very lucrative.

I sold my Lukoil position for moral reasons. I'm soft like that.

This Man's Job: Make Bill Gates Richer Secretive Money Manager Michael Larson Helped Microsoft Co-Founder's Fortune Balloon to $82 Billion http://online.wsj.com/articles/this-mans-job-make-bill-gates-richer-1411093811

http://www.grahamanddoddsville.net/wordpress/Files/SecurityAnalysis/Special%20Situations/kevin_byun_denali_investors_columbia_business_school_2009.pdf

^^This I actually doubt it. They are way too big to build a book of hedge fund investments that has a snowball's chance in hell of adding a smidgeon of value. Once you get that big, it's passive investing all day (like Norway does). I hope you're right. I am California resident and I know many people depending on CalPERS to do the right thing...

I have a feeling they would jump back in a few years after they see some good hedge fund performance....

I am under the impression that if you charge a significant sum on your card out of character with historic spending you'll get a call. I put my wedding on it and got a phone call. You can check online. There's a page where you can enter in a dollar amount and it will tell you immediately if you will be approved or if you should call Amex first. Sort of off topic, but I've always wondered if a lot of value investors were into the mileage/rewards points game. So many places to find free dollar bills lying around. You betcha. It's a great game to catch some savings especially since I spend a lot.

What a gem. Thanks.

William Ackman's Pershing Square Aims to Raise $2 Billion Through IPO Cornerstone Investors Committed to $1.5 Billion http://online.wsj.com/articles/william-ackmans-pershing-square-aims-to-raise-2-billion-through-ipo-1410775551?mod=WSJ_hp_LEFTWhatsNewsCollection#livefyre-comment

Competition Is for Losers If you want to create and capture lasting value, writes Peter Thiel, look to build a monopoly http://online.wsj.com/articles/peter-thiel-competition-is-for-losers-1410535536?mod=WSJ_hp_RightTopStories

I have to go next year...

Tax Inversion Pioneer Shakes Boardrooms With 17% Returns http://www.bloomberg.com/news/2014-09-10/inversion-pioneer-ubben-delivers-17-as-quiet-activist.html