fareastwarriors

http://online.wsj.com/news/articles/SB10001424052702304213904579095221019867200?mod=WSJ_hps_MIDDLE_Video_Top Martin Scorsese, Leonardo DiCaprio and Jonah Hill Discuss 'The Wolf of Wall Street' Five-time collaborators Martin Scorsese and Leonardo DiCaprio have teamed up with actor Jonah Hill to film the most audacious movie about Wall Street ever made

Yep, came across this name when going through some old VII newsletters. Steve Romick (FPA) also discusses this in a forbes interview: www.forbes.com/sites/steveforbes/2013/04/23/steve-romick-trade-into-the-gold-you-can-eat-farmland/4/

Meredith Whitney Winding Down Brokerage Unit After Starting Fund http://www.bloomberg.com/news/2013-10-09/meredith-whitney-winding-down-brokerage-unit-after-starting-fund.html

http://www.nytimes.com/2013/10/09/business/a-juice-and-croissant-with-that-starbucks-latte.html?pagewanted=1&ref=business Starbucks Aims to Move Beyond Beans

Why only BP?

Bought more BAC common. can't do options/other cool stuff due work restrictions :'(

If the spending limit/debt limit impasse continues, he might get his chance to load up again.

I think the threshold is $150 million. If you guys are referring to the 13F, it's $100 million. http://www.sec.gov/answers/form13f.htm Thanks

Long suspected but Journal broke it today as confirmed. Apologies if this was posted on another thread. Curious to see when these "different positions" will show up on the 13F or if it will be a separate filing. Nice! I am surprised that this HF started on Jan 1st but there wasn't any SEC filings to show its positions. Is there a way to see what it currently holds? :P I thought the Fund has to hold assets of $250 M or greater before it has to disclose its holdings with the SEC?

Berkshire Hathaway Could See $680 Million Profit on Mars Investment http://online.wsj.com/article/SB10001424052702304906704579115141919877638.html?mod=WSJ_hp_LEFTWhatsNewsCollection Warren Buffett's Berkshire Hathaway Inc. BRKB +0.34% stands to make at least $680 million in profit from a 2008 investment in candy company Mars Inc. Mars recently bought back $4.4 billion of bonds from Berkshire that it had sold to the giant conglomerate to help finance a $23 billion purchase of Wm. Wrigley Jr. Co., people familiar with the matter said. Berkshire sold the notes back at 115.45% of their face value as well as accrued interest on Oct. 1, one person said. "We can confirm that on October 1st, 2013 we repaid $4.4 billion of subordinated notes lent to Wrigley by Berkshire Hathaway. Berkshire Hathaway status as minority owner of Wrigley remains unaffected," a Mars spokesman said. Berkshire continues to own $2.1 billion of preferred stock in Wrigley, which operates as a wholly-owned subsidiary of Mars.

http://online.wsj.com/article/SB10001424052702304906704579111391607572748.html BlackBerry Draws Interest of Cerberus

lol, got me... In my my mind, I was like how are those value names...did we suddenly switch to being a growth forum. hahaha ;D

I guess I have to wait for the debt ceiling debate for a bigger pull-back.

I was hoping for a bigger drop too. Maybe huge sell-off tomorrow if nothing gets done tonight.

http://www.bloomberg.com/news/2013-09-30/buffett-poised-to-get-2-billion-goldman-stake-with-warrants.html Buffett Poised to Get $2 Billion Goldman Stake With Warrants

Anyone adding to their positions today?

Trying to day trade and blindly buying random penny stocks.

I actually like the concept... it's reminds of peer-to-peer car sharing (rental) . The site needs a bit of help but interesting concept. I hope they (or someone else) make it.

I live in Bay Area so don't hate me but it looks like things are slowing down a lot here. There are not more inventory but the rapid price appreciation days are over. Prices are not coming down thought... It feels like more slow and steady rising prices.

"I think you have to try and fail, because failure gets you closer to what you're good at." Louis C. K. :) Seriously, though, it is healthy to hate losing. And, it is entirely rational to not play -- or at least resist -- if you don't think you have a decent chance of winning. It seems to me that it is one of the reasons guys like Buffett and Munger got where they are -- 1 foot hurdles and all that. I think Buffett once said (or repeated): "How do you beat Michael Jordan?...Play him in something other than basketball." But, in a world of ever increasing specialization, it does make sense to me that one wants to know as soon as possible what they're not good at if only to get closer to something they are good at. Then again, all the good stories start with: "I never gave up...". :D Thanks. Making me feel better about myself. Yes, I pick and choose my battles. ;D ;D

I hate losing in sports/games. If I'm bad it and I don't have a decent chance of winning, I rather not play. I am a terrible sore loser...

I only (occassionally) pay attention to him because of his association with Nassim Taleb of Black Swan fame. From wikipedia... [

http://dealbook.nytimes.com/2013/09/24/a-hedge-fund-manager-who-doesnt-mind-a-losing-bet/

16. If you were to go back to when you started, what would be the things you advice to read? And if you don't look at the macro so much, how did you come up with these international investments. Each person is different. But he found "Manual of Ideas" and "Corner of Berkshire and Fairfax" very helpful. There are other good resources out there, and it's better to copy others' ideas. Japanese net-net was his original idea, and we all know how it ended up [laughter]. :D

I hope Fairfax trades sub 400 on the news of BBRY acquisition.