fareastwarriors

I own some FAIRX in my IRA. Too bad it's not a lot of money.

Why are his American funds so expensive? (CHOEX, CHOIX) 1.5% I know it's small AUM but at 1.5% I just can't do it. Maybe at 1....

2012 Annual report. attached. GoodHaven_Fund_2012_Annual_Report.pdf

A basket of low cost index funds easily beat most managers. Low stress, just keep dollar averaging in.

Sequoia Fund is a solid choice. SEQUX

Property management.

George Risk actually makes not so much home alarm systems, but switches for the security industry. They're mostly highly specialized (read: moat) switches for all kinds of security applications from preventing fuel theft from 18 wheelers, pool alarms, museum lift detectors and the like. And they are super cheap right now. I seen this Name in some other blogs as well. Can any name comment more on this company? thanks.

Exports of American Natural Gas May Fall Short of High Hopes http://www.nytimes.com/2013/01/05/business/energy-environment/exports-of-us-gas-may-fall-short-of-high-hopes.html?ref=business&_r=0 “It will be easier to export the technology for extracting shale gas than exporting actual gas,” said Jay Hakes, former administrator of the Energy Department’s Energy Information Administration. “I know the pitch about our price differentials will justify the high costs of L.N.G. We will see. Gas by pipeline is a good deal. L.N.G.? Not so clear.” Even the terminal operators acknowledge that probably only a lucky few companies will export gas because it can cost $7 billion or more to build a terminal, and then only after a rigorous federal regulatory permitting process. The exploratory process to find a suitable site for a new terminal alone can take a year and cost $100 million, operators say, and financing can be secured only once long-term purchase agreements — 20 years or more — are reached with foreign buyers.

Wow really? I'm sure if he just shut up about it, he can still be a fine executive at some other company....

I'm not a Fairfax shareholder but I follow him now because of this board. How come Fairfax pays a dividend? Wouldn't it be better for them to hold that capital and reinvest it?

David Sokol, the former Berkshire Hathaway Inc. executive who resigned in 2011 amid questions about his stock purchases, won't face any enforcement action from the Securities and Exchange Commission, his lawyer said Thursday. The SEC had been investigating trades made by Mr. Sokol, once considered a possible successor to Berkshire Chief Executive Warren Buffett, ahead of Berkshire's purchase of chemicals company Lubrizol Corp. Barry Levine, Mr. Sokol's lawyer, said he was informed the SEC had wrapped up its investigation and decided not to take action. "There has been a thorough legal analysis and factual scrutiny, and the SEC has concluded, as we have always maintained, that David Sokol never did anything wrong," Mr. Levine said. A spokesman for the SEC declined to comment. The SEC has filed more than 160 enforcement actions for alleged insider trading in the past three years as part of a broad government probe. The SEC doesn't disclose how many investigations it closes without filing charges. The determination lifts at least some of the cloud that has hung over Mr. Sokol since his abrupt exit from Berkshire Hathaway nearly two years ago. The executive resigned after it came to light that he had recommended Berkshire buy Lubrizol, a company in which he had just invested, raising questions about Berkshire's internal controls and its succession plans. Mr. Sokol, who ran Berkshire's MidAmerican Energy unit, long has maintained that he did nothing wrong. But Mr. Buffett, who worked closely with Mr. Sokol for a decade, at the time called the stock purchases "inexplicable" and "inexcusable." He told shareholders in 2011 that Mr. Sokol violated the company's insider-trading rules and code of ethics. Mr. Levine said Mr. Sokol never violated Berkshire's policies. Mr. Buffett couldn't immediately be reached Thursday for comment. At issue was Mr. Sokol's purchase of about $10 million worth of shares of Lubrizol, a stake that rose in value by about $3 million when Berkshire agreed to buy the company. The SEC began investigating the investment shortly after Mr. Sokol resigned from Berkshire. Mr. Buffett said at the time Berkshire had turned over "very damning evidence" about the purchases to the SEC. http://professional.wsj.com/article/SB10001424127887323874204578220141236647054.html?mod=WSJ_hp_LEFTWhatsNewsCollection

He is probably talking about CV Starr aka Hank Greenberg. Thanks, so that's where Mr. Greenberg went: http://www.nytimes.com/2009/10/27/business/27aig.html?pagewanted=all&_r=0 What are people thoughts on Hank Greenberg? He's seems like tough guy to work with/for but he seems like he knows his insurance.

;D not too shabby

http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/oak-oaktree-cap-group-llc/msg94901/#msg94901

Buffett Utility Buys $2.5 Billion SunPower Solar Projects http://www.bloomberg.com/news/2013-01-02/buffett-utility-buys-sunpower-projects-for-2-billion.html More solar projects for MidAmerican

http://www.bloomberg.com/news/2013-01-02/buffett-combines-bofa-with-buybacks-to-beat-s-p-500.html Buffett Combines BofA With Buybacks to Beat S&P 500

When I ask for your number I aint talking about your phone! :P

http://www.cnbc.com/id/100339758

I was hoping for a bigger fiscal cliff sell-off but maybe I will see some bigger drops in the coming days/weeks. I am hoping to add to my current positions and have been building cash (small). I will probably add more to first AIG and then to BAC if it sells off some..

http://www.thestreet.com/_yahoo/video/11794853/warren-buffetts-buddy-weighs-in.html Short interview with Carol Loomis

no surprise there.

I been averaging in the last few years. I just need more capital to contribute!

What about his stock picks?

HarryLong?? hahahahaahaha I found it, Allan Mecham. We were talking him/his fund a few months ago.

There was another young investor this board talked about not too long ago. he runs his own fund and had like 100+ returns? what was his name again?