fareastwarriors

Munger’s Publisher Found to Lack Accounting Controls http://www.bloomberg.com/news/2014-06-25/munger-s-publisher-found-to-lack-accounting-controls.html

ValueAct's Ubben Has a New Target: His Hedge-Fund Peers Money Manager Concerned Recent Behavior by Rivals Could Give Activism a Bad Rap http://online.wsj.com/articles/valueacts-ubben-has-a-new-target-his-hedge-fund-peers-1403219008?mod=WSJ_hp_Markets3up

Thanks.

SolarCity in talks to build one of world's largest solar panel production plants in New York http://www.cnbc.com/id/101754244?trknav=homestack:topnews:20

Looks like Abrams' portfolio has been added to dataroma. Awesome! http://www.dataroma.com/m/holdings.php?m=abc

Baupost Buys Stake in LNG Developer Looking at More Projects http://www.bloomberg.com/news/2014-06-13/baupost-buys-stake-in-lng-developer-looking-at-more-projects-1-.html

Inside Howard Marks' strategy http://video.cnbc.com/gallery/?video=3000281903

buying using stolen credit cards? I was curious why there were so many gift cards on sale at 80-90 face value. Then I learned hackers were laundering stolen gift cards using these gift cards reselling sites. The discount is warranted because any stolen cards have some possibility of being cancelled. That makes it clear why cards should sell at a discount, but the one I linked was selling at a premium. The face value was $50. It sold for $162.50. That is crazy for that premium. but i buy a ton of gift cards online and often times see ppl pay for more than face value and in my mind I'm just what....

Markets Are Restacking the Building Blocks of a Financial Crisis http://dealbook.nytimes.com/2014/06/12/markets-are-restacking-the-building-blocks-of-a-financial-crisis/?module=BlogPost-Title&version=Blog Main&contentCollection=Street Scene&action=Click&pgtype=Blogs&region=Body

http://www.bloomberg.com/news/2014-06-09/buffett-to-expand-energy-wager-as-far-as-the-eye-can-see.html Buffett to Expand Energy Wager ‘As Far as the Eye Can See'

Buy buy buy before BRK-A is at $100,000,000,000! I sold most of my Brk.B.... because I ask myself, comon, how high can it go? Sure it'll do fine, but I don't think it can beat the market averages by much. If it can, soon it'll be the largest market cap in the world. I remember when I started investing, cisco beat the street every quarter for like 30 quarters, and I bought it at $50, 14yrs ago! I learned the hard way, don't blindly trust streaks. I know, I am like that other poster who isn't going to value investing heaven..... I hold some B's just so I can be a part owner in a wonderful company.

The Tepper rally!

Perhaps one day, they will move the team back to LA and sign multi-billion tv deals or they finally gets a new stadium somewhere in Oakland and the team finally starts performing...

Icahn Bought $50 Million in Fannie, Freddie Shares From Fairholme Fund Icahn Bought 6.8 Million Fannie Shares and 5.7 Million Freddie Shares in March, Court Filing Says http://online.wsj.com/articles/icahn-bought-50-million-in-fannie-freddie-shares-from-fairholme-fund-1401805004?mod=WSJ_hp_LEFTWhatsNewsCollection I wonder why Bruce sold on That day. Am I reading this right? He sold on a huge down day?

In Boston, Secretive Hedge-Fund Billionaire Stays in Shadows http://blogs.wsj.com/moneybeat/2014/06/03/in-boston-secretive-hedge-fund-billionaire-stays-in-shadows/

Carl Icahn acquired Fannie, Freddie shares from Fairholme: Filing Activist investor Carl Icahn acquired 6.8 million common shares of Fannie Mae and 5.7 million common shares of Freddie Mac from Fairholme Funds, a court filing showed Tuesday. Icahn, a billionaire investor known for taking big stakes in companies and pushing for management change, bought the shares in the major mortgage financiers in March, the filing showed. http://www.cnbc.com/id/101727329

When one is buying a sport's team, value is not the first thing that comes to mind. Own the team first and if you make money then that's just gravy.

It didn't push me down a bracket.... darn it...

Telfon Thailand. Someday the telfon will wear off. But in the mean time, I made a nice quick gain with Kasikorn bank. Too bad I sold early.

Exxon Doing Russia Business as Usual Amid U.S. Sanctions http://www.bloomberg.com/news/2014-05-28/exxon-sees-russia-business-as-usual-amid-sanctions.html

Are We Underestimating America's Fracking Boom? Check Out Sasol's Energy Complex in Lake Charles, La. http://online.wsj.com/articles/are-we-underestimating-americas-fracking-boom-1401234486?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

If we knew which companies will be 100x + baggers, we will all super rich billionaire investors...

http://www.streetauthority.com/international-investing/value-guru-just-made-huge-investment-russia-30459722 Steve Romick - According to recent filings, he has established positions in oil and gas giants Lukoil (OTC: LUKOY), Gazprom (OTC: OGZPY) and Rosneft (OTC: OJSCY).

Russia, China Sign $400 Billion Gas Deal After Decade of Talks http://www.bloomberg.com/news/2014-05-21/russia-signs-china-gas-deal-after-decade-of-talks.html

Do we need a "What kind of car do you drive?" thread? ;D ;D ;D