marodq

Interesting read: Sam Altman - Planning for AGI and beyond

+1 for Hazlitt. This is probably is the only good, yet short and easy, book on Austrian economics. And it is available on-line for free: PDF +2 for Hazlitt. Enjoy that great book!

Thank you! :D

Congratulations! :)

Cool! Thats good to know. I guess I'll try to loan this one before splurging once again... Hehe. Thank you Peter. :)

2012 version of OPV. There is no 2014 version that I'm aware of... http://www.andykilpatrick.net/The%20Books.html

That's what I love about this forum, people trying to save every penny. Truly value conscious! ;) The good Buffett books are worth every cent, so $30 for the kindle version sounds like a good deal. :) Hehehe, yeah, although... I did splurge myself with the three kindle books. ;D I think they are the 2010 version. They are big beasts and have still not encountered what you guys are looking for (not even half-way thru book I). I can loan a kindle book from my library for 14 days, so if any of you guys are interested, shoot me with a PM. ;)

This is great, thanks!

Here you go: http://www.investopedia.com/terms/t/tev.asp http://en.wikipedia.org/wiki/Enterprise_value It's basically a much better way to gauge the market value of a business as a whole. It contends what would happen if you took over 100% of a business; since you add long term debts (preferred stock too) and subtract cash or cash equivalents to the equity market cap, it allows for a better understanding of the economics and a much truer starting point to compute financial analysis than just calculating from market cap.

Sounds like a great, funtastic B-day! Keep enjoying yourself Sanjeev (mmm, seafood, mmmm)! From Valencia, Spain, wishing you a very happy birthday and all the best!

So have I. But have done it much more consistently the past year and it really does make an impact in my everyday: foucs, mood, patience and general well being. Also, I write things I am grateful/appreciate about my life after I finish meditating for a few minutes (very grateful for this forum, for instance, although I barely post, I do really appreciate all you guys and your knowledge... :) ), both practices together, I find, are very powerful. Cheers!

Not that I'm a big fan of Andreessen, but to be fair: https://twitter.com/pmarca/status/448576195223773184 Fair enough Liberty. Thanks! Neither am I a fan. He is a savvy guy though, from his humble beginnings with Mosaic, founding Netscape, etc. The man is smart.

I dont know where people get this notion that Buffett doesn't understand technology. I am willing to bet he knows more about the economics of technology than most technology investors. That is why he stays away from "pure" technology companies. The earnings cannot be reasonably predicted as far out as Mars, Geico, or WFC. Every one of his businesses is technology intensive. The insurance industry operates on computer models, detailed climatic analysis that can only be done by supercomputers, etc. BNSF uses the latest in communication, and computing to manage its entire business. Mid-america uses switching systems, sophisticated modelling, solar power, wind power. Need I go on. Read Snowball. He was using a computer to play bridge at the dawn of the public internet. He was using a cell phone to negotiate the LTCM deal in 1998, before most of us had one. In Lowenstein he was criticized for not bringing out a Cd version of world book encyclopedia. Probably the proper decision, for the wrong reasons given the advent of wikipedia which killed the paid encyclopedia business. Rest assured he understands technology. +1 Did you guys ever read this piece by Andreessen? http://www.businessinsider.com/the-death-of-value-investing-2013-4 His arguments are a misconception of the school of Graham and Dodd. Althought I'd agree with some of his points pertaining to technology, software specifically.

https://twitter.com/pmarca/status/448633135974977536 HP bought Autonomy for $10 billion with Andreessen serving on the board. http://en.wikipedia.org/wiki/Marc_Andreessen And now Oculos is bought by Facebook. Adreessen serves on both boards. http://online.wsj.com/news/articles/SB10001424052702303949704579461812019189626?mod=WSJ_hp_LEFTWhatsNewsCollection&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303949704579461812019189626.html%3Fmod%3DWSJ_hp_LEFTWhatsNewsCollection

Yup, this makes sense.

Wow! How nice, what a treat! Congrats!

Great read! Thanks farnamstreet! I've been following the proffesors blog for a while now, it is pretty good indeed; like farnam says the guy has a great investing record and also, I should add, a wonderful disposition to teach! Here's a series of fantastic interviews done to him on the basics and not so basics of value investing: Part 1: http://www.safalniveshak.com/value-investing-sanjay-bakshi-way/ Part 2: http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-2/ Part 3: http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-3/ Part 4: http://www.safalniveshak.com/value-investing-sanjay-bakshi-way-part-4/ You can also download the entire interview in pdf form, here (my preference): http://www.safalniveshak.com/wp-content/uploads/2012/08/Value-Investing-The-Sanjay-Bakshi-Way-Safal-Niveshak-Special.pdf Enjoy!