fareastwarriors

They made a series of mistakes. I think 6 generation is great. I heard something like this before: 1st generation builds it, 2nd generation maintains it, 3rd generation loses it.

Barry Ritholtz Interviews Gundlach: Masters In Business https://soundcloud.com/#bloombergview/barry-ritholtz-interviews

The comments in the article were fairly harsh. We'll shall see if they are justified...

THey got me! ;D

http://www.cnbc.com/id/101825780?trknav=homestack:topnews:6 Penny stock soars to $6B, and even the auditor is perplexed

Ah, I didn't see that. But yes...crazy stuff going on here.

A Social Network with No Members, But a $6 Billion Valuation http://blogs.wsj.com/digits/2014/07/10/a-social-network-with-no-members-but-a-4-billion-valuation/?mod=WSJ_hps_sections_tech

Short selling at lowest level since Lehman http://www.cnbc.com/id/101820597?trknav=homestack:topnews:7

Carol Loomis, Editor for Warren Buffett, Leaves Job After 60 Years http://www.nytimes.com/2014/07/04/business/media/carol-loomis-editor-for-warren-buffett-leaves-job-after-60-years.html?ref=business&_r=0

The bank is charging a fee for a service. That makes sense to me.

The Entrepreneurial Educator: Jeff Ubben on Rethinking Risk

Direct deposit is common but so are preloaded debit cards for employees without bank accounts. The fees on those debit cards are outrageous especially in context that these employees are the "unbanked" and are generally poorer working class people.

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

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?