fareastwarriors

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.

Good for that young man for stepping up. But that older lady taking advantage of a blind person...That is truly sad...What is the world coming to...

Glad to see Warren as witty and sharp as ever.

An August memo obtained by Bloomberg News outlines new rules. They limit printing to 200 pages a month per employee and restrict color pages to “customer-facing purposes.” Employees can spend no more than $15 a month on office supplies and are expected to reuse items such as box files. To save on electricity, mini-refrigerators “are not permitted moving forward” and staff should rely on appliances in common areas. Such measures suggests there’s not much fat to trim, said Noel Hebert, chief investment officer at Bethlehem, Pennsylvania-based Concannon Wealth Management. Under pressure from investor Nelson Peltz in 2006, Johnson embarked on a plan to lower expenses by $355 million. Consumer Focus “When you start getting down to the amount of paper you can use, it’s telling you the obvious stuff is gone,” said Hebert, whose firm manages about $250 million ~~~~~

thank you!

Where Is Dick Fuld Now? Finding Lehman Brothers' Last CEO http://www.businessweek.com/articles/2013-09-12/where-is-dick-fuld-now-finding-lehman-brothers-last-ceo#p1

How Wal-Mart’s Waltons Maintain Their Billionaire Fortune: Taxes http://www.bloomberg.com/news/2013-09-12/how-wal-mart-s-waltons-maintain-their-billionaire-fortune-taxes.html#disqus_thread

http://online.wsj.com/article/SB10001424127887324094704579067273212926170.html?mod=pls_whats_news_us_business_f Russian Billionaire in Talks to Sell Stake in Uralkali Possible Divestiture Aimed at Easing Tensions With Belarus

But few mutual and exchange-traded funds actually follow the Dow industrials when compared to the S&P 500. Some $1.6 trillion in mutual and exchange-traded funds directly track the S&P 500, according to S&P Dow Jones Indices. That compares with just $30 billion that follows the Dow. http://blogs.wsj.com/moneybeat/2013/09/10/dow-shakeup-wont-leave-big-trading-footprint/

DJIA is no S&P 500 and besides the market is up overall. Not enough downward pressure.

Nuveen has "no leverage" CEFs available. Most are trading at a discount.

What about all those Nuveen CEFs that are trading at discounts to NAV? It seems like PIMCO CEFs rarely trade discount to NAV and often times trade at a substantial premium to NAV.

How dirty are people's clothing? I'm always amazed at the astonishing amount of detergents/cleaners... I work in an office. I take a train and then drive home. I'm don't work on a farm or crawl under basements for a living... My clothes don't get that dirty... I guess I need kids to appreciate a good detergent...

http://blogs.wsj.com/corporate-intelligence/2013/09/05/life-imitates-art-in-elon-musks-new-iron-man-routine/?mod=WSJBlog&mod=WSJ_corp_intel Life Imitates Art in Elon Musk’s New Iron Man Routine

Life Without Fannie Mae and Freddie Mac http://www.nytimes.com/2013/09/08/realestate/life-without-fannie-mae-and-freddie-mac.html

I'd certainly like to know the answer to that, being a FAIRX holder. It seems highly unusual that he would close the fund in Feb and re-open 6 months later unless he saw large investment opportunities. But others raised a good point about redemptions and nervous FAIRX holders. I have several people invested in FAIRX, and after 2011 - I get lots of questioning - why does he own SHLD, etc??? Personally, I like his style of concentration - but it's definitely not for everyone. very true. I personally added some money to FAIRX in my IRA. Go Bruce!

No.

http://video.cnbc.com/gallery/?play=1&video=3000196230 Bruce on CNBC