cubsfan

Michael Price - 40 minutes - ww.marketfolly.com/2013/06/michael-prices-presentation-from-london.html

Agree with the above interviews - and for 2013 - would add Ken Heebner, Chuck Royce and Marty Whitman. These were all excellent interviews.

Merry Christmas everyone! After my first full year on the board - I'm so impressed with the outstanding investor thinking and sharing of ideas here. I hope all have a great 2014 - and may the Cubs finally win the world series!

Ok - one of the old folks - 59 - yikes! What a fantastic forum to discover in your 20's !

Would love to understand his record. I went to a presentation he did in Nov 2012 in Chicago. He followed David Herro, who gave several companies in Japan as being good candidates for investment. Then Kyle gives this very convincing presentation about how Japan was going down the tubes. It was almost embarrassing as it made Herro look bad. Fast forward 1 year - and Herro looks very smart. Making these large economic macro bets is not so easy to translate into profits.

Yes, it took me quite a while to figure it all out. I did not even realize the capability was there until about 3 years ago. You can set the date timeframes, etc - and there are variations of the reports to get what you need. If you have a local office, might help to spend an hour with them to help you set it up. Good luck.

I manage my own. Then directly manage 5 other friend/family. Advise on another 10 accounts. All separate accounts. Not being paid on any of the accounts. I'm just a hack, helping them out, like a few others mentioned.

Schwab calculates all this for you - call them - and they will direct you to the page. You can set an "inception date" - and see your rolling return calculation. You can also see a "YTD" calculation. If you have multiple accounts - they can be calculated individually and then totaled together. These are the numbers I use, since it factors in withdrawals, deposits, etc.

34% YTD , pleased, since I'm just trying to beat the S&P500. Overall, since 1/2009 - when I started doing this full time - 5yr average 36%/annually. 1 leveraged account - 46% 5yr average 1 unlevered account - 29.5% 5 yr average Since joining this board about 15 months ago - have picked up some great ideas. Thanks to all - and best of luck to everyone going into 2014!

Here are Tepper's returns: http://www.gurufocus.com/profile/David+Tepper

Here you go: BERKSHIRE_HATHAWAY_INC-_acquisition_criteria.pdf

You can also check GuruFocus.com - free or premium. I do like it, and use it along with Morningstar as well. http://www.gurufocus.com/membership/ I like the fact I can get 10 yr view of financial data from both.

Really enjoyed this article Norm - well done. And congrats on a great record Packer - it's obvious you've worked hard at this.

does this work? 7YrForecasts_914.pdf

I thought it was just me!

I decided I would try something similar without traveling. I added a yearly reminder in my calendar to review the global markets. There's GMO's data as you know: https://www.gmo.com/Europe/Research/Forecasts/default.htm Then there's this Google query: cape ratio by country Mebane Faber has some data: http://www.mebanefaber.com/2013/04/16/countries-sectors/ Gurufocus also keeps an updated list, but according to the comments there have been some errors in the data: http://www.gurufocus.com/global-market-valuation.php I hope someone has even better data than this. I would also be interested in data per sector. Very nice! - thanks for those useful links

Yup, sold 80% of my SHLD last week with this ridiculous gov actions looming. Too much sitting on the table. Sold a tech - NOW on valuation. a few other things to raise cash. Hope to get another shot with SHLD.

Now THAT is a great story!

I dont' think increased profits was the issue at all. Selling through HD, Lowes, etc - likely increases sales and profits. When company was acquired, Buffett promised distributors he wouldn't do that. He's just keeping his word.

Yes, that is what can happen to high short interest stocks that are hard to borrow. If the broker can not short the stock easily, with your permission they will arrange a borrow and inform you of the rate to borrow. And the rate may change. That is the chance you take. It seems crazy - but it's the going rate - and you agree you want to short it.

That is truly disgraceful.

Congratulations James - well deserved! I'll let the Cincy Reds thing pass....

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.

I subscribe, and I really like it. I'm sure you know about the trial period as well. Just get an issue - read it cover to cover - and see what you think.

Goodhaven owns 300,000 of SHLD, and talked about it extensively in the last report. See page 8: http://www.goodhavenfunds.com/media/pdfs/GHF-Semiannual-f.pdf In fact, I saw the Keith Trauner at the last 2 SHLD meetings.