mysticdrew

Probably not what you're looking for.. but I'd stick most of it in equities.... unless you're almost retired.

A bit aggressive, no? I take it this is the author's commentary and not anything B2 would discuss. I agree--I'm not sure we get those book multiples given how much simpler/smaller AIG is/will be. Agreed it is probably aggressive from a valuation and margin of safety investing standpoint... but then again who's to say it won't become overvalued one day at multiples to book. This is Mr. Market we are talking about and it tends to go in extremes in both ways.

I don't think Eric's strategy is to mimic Berkowitz. He obviously has a different risk tolerance/ strategy. I think it's more like a screen... BAC passes the "balance sheet sniff test" and from there it's his own strategy going forward based on what he thinks of the stock.

Unbelievable! Completely out of my league! I bow to you, racemize. Keep on doing your wonderful job! giofranchi I'm fairly certain it will never happen again (assuming it even holds!). I'm hoping to modestly outperform the S&P going forward. Sounding like a young WEB in his partnership letters!

The program looks like it does some great work. I do have a question though... the program helps pay for tutoring to help prepare for the entrance exam but once the students do well on the test and get accepted, how are they expected to pay for the university education?

I completely agree BUT I'm not going to change jobs/careers/industries frequently for the sake of learning to become a better investor.

Interesting view... but I'm not so sure the others (myspace, friendster, etc) failed because they became too big. If anything they didn't get enough of a network effect the point where they p enough people who were still not on social media to go onto the new thing cool thing (myspace to facebook). I guess friendster to an extent was "too big" but not in terms of network effect but because they grew too fast and their infrastructure didn't keep up making people spend 20 min just trying to login to their profile.

Do you guys count reading forums posts here, value investing blogs, articles at gurufocus, etc as "reading" ?