giofranchi

How American life has changed during the last 100 years. giofranchi

Real price of Gold since 1791. giofranchi

Very good piece by Mr. David Hay. giofranchi EVA+6.14.2013+NA+b.pdf

http://www.oldschoolvalue.com/blog/ideas/dan-loeb-stock-picks/ http://www.bloomberg.com/news/2013-06-10/sony-holdings-blurred-by-third-point-swaps-goldman-bonds.html giofranchi

anders, I don’t know if it was offensive… I think we should ask Phaceliacapital… to me it sounded like he were compared to the legendary shoeshine boy, who gave stock tips to Mr. Baruch in 1929… and I guess I wouldn’t enjoy the comparison, if it were directed to me… More important, I don’t think the comparison is due at all: Phaceliacapital recognized he lacks knowledge about high yield, junk, distressed debt opportunities, and asked for help to people who he thinks might be more knowledgeable than he is. To me that is as far from the shoeshine boy as it could be. Phaceliacapital seems to know when he is venturing outside his “circle of competence”, and this alone imo will keep him out of trouble. And, if you know how to avoid trouble, you are among the best investors out there. :) giofranchi

anders, I don’t want to be offensive, but I simply don’t agree. Like Parsad has pointed out, on this board you are in the company of at least a couple dozen people who have achieved results during the last 10 years that have handily beaten 99.99% of investment managers in the world. And I would be very glad to hear from them on any subject, in any part of the market cycle! I might agree high yield bonds are to be shunned at these prices, but to build knowledge is always a worthwhile endeavor. And this board is a wonderful school, in which you could always learn a lot! ;) giofranchi

I would invest that cash in the online medical platform my sister and her husband are developing, to make their medical practice easier to reach at any time and from anywhere. I think the business is a good one and I know its management very well! :) giofranchi

Thank you Kraven! I have purchased it, but never found the time to read it yet! Now that you have suggested to read it, I will put ‘King of Capital’ at the top of my list. :) giofranchi

Mr. Charles Gave on a deflationary failure, France, and the Euro. giofranchi Charles-Gave-Warns.pdf Charles-Gave-Get-Out-Of-Banks-Get-Out-Of-France-Get-Out-Of-The-Euro.pdf

Liberty Media? giofranchi

Thanks writser! Yes Gio, you should get a chair like mine! Hi guys! I had missed your suggestions till now… sorry! Actually, I don’t like to be seated for long… I know, I am a strange fellow… but the truth is I almost always walk or stand upright while reading!! Sometimes I also lift weights!! ;D ;D Probably, that’s why I don’t pay so much attention to how comfortable my chair is!! ;) Cheers! giofranchi

Financial Sector: Bigger and More Profitable Than Ever giofranchi

I really hope you will share that idea with the board!! ;) giofranchi

WOW!! That’s what I call a VERY LARGE circle of competence!! ;) And I can see a VERY TALL pile on the floor: are all those papers about just one specific company?!?! ;D ;D Cheers! giofranchi

31.5% FFH 12% LRE 5.5% LMCA 4% MKL 4% GLRE 4% BH 4% VRX 3.5% BAM 3.5% TPOU 18% Cash (USD) 10% Basket of shorts giofranchi

Albert Edwards: "Has The US Recession Already Begun?" giofranchi Has-The-US-Recession-Already-Begun.pdf

http://apod.nasa.gov/apod/ap130606.html Very short and funny video! :) giofranchi

Hi Parsad! The letter you received from Mr. Buffett is simply amazing! Just a few days ago I received a PM from dcollon asking me if I had attended the SIC put on by Mr. Mauldin, and my answer follows: So, you see: I still behave exactly as you did way back in 1999-2000!! ;) I attach some pictures I have just taken of my own office (I am the worst photographer in the world!). Cheers! giofranchi

Enjoy! giofranchi MGI_Disruptive_technologies_Full_report_May20131.pdf

Well, there is always the “Lifetime Member” achievement… Sometimes I wonder: will I ever get there…?! And then I sigh deeply and melancholy…!! ;D ;D Cheers! giofranchi

-- The First Tycoon: The Epic Life of Cornelius Vanderbilt The great attention to the strategic aspects of business, rather than the tactics or operating aspects, is another trait Mr. Vanderbilt apparently shared with Mr. Buffett (and many other outstanding entrepreneurs throughout history). giofranchi

That magnificent son of a bi…!! ;D giofranchi Source: http://topics.nytimes.com/top/reference/timestopics/people/v/cornelius_vanderbilt/index.html I thought it was a good line, though, and I eagerly await the day that I can use it. Yes! The author of the biography actually warns the reader that, despite all its popularity, the famous letter might never have been written by Mr. Vanderbilt! Anyway… who really cares?! ;D ;D And by the way: "A mighty - and mighty confident - work... This is state-of-the-art biography." -- The New York Times ;) giofranchi

A review by the Aleph Blog giofranchi book-review-the-art-of-value-investing.pdf

Mr. Charles Gave on "An Old Fashioned Deflationary Bust". giofranchi Daily+6.5.13.pdf

May 2013 Monthly Report giofranchi 2013-5-May-Monthly-Report-TPOU.pdf