Grenville

Interesting discussion. I wonder if part of the worry about either one's own or related IRA assets under management, would be the ability to pull fees. It would give one a way to pull money out of one's own IRA without paying the related taxes through management fees.

Not a lawyer, but you can track the case Perry Capital filed online at http://www.pacer.gov/. The case number is 1:13-cv-01025-RLW. The site requires a credit card to register but it won't charge you unless the charges exceed $15 per quarter. Awesome! Thank you. I see the respond by date for the government. I'm still looking for any scheduled date for responses. Is there a good way to know when new items have been posted or will be posted? I appreciate the heads up on the cost info.

Hi merkhet, Where can I follow this? Is there a court website that I can tack the progress of the case? Thanks!

Thanks for the links and the shortened version with just Buffett!

A whole bunch of stocks on IB have been halted. Very weird.

Did you ask him how he does it? Practice or technique?

Amazing. A 19 page letter. Thanks!

That's ridiculous. At least you have an early indication of their customer service level before investigating any of their US products for your own use. Thanks for sharing your experience.

That's really weird. On the website they list that address as their "Auto" destination (cars presumably). http://www.byd.com/na/service/salesinformation.html And for all the other departments they say you should contact China. And it's funny, the "Autos" for North America is the only department on that sales page that lists a non-Chinese number. They only offer Chinese numbers for Africa, Europe, Australia (and all of North America excluding "Autos"). Yeah that's weird.

How about this number:

Have you tried calling them instead of email?

$17 in the annual report.

There are certainly opportunities that often arise due to opacity of those processes, as well as turnover of the shareholder base that often accompanies such turning points. But seriously, with Watsa resigning, what are the chances they bid? 90%? 10%? A coin flip? I have my opinion, although I haven't acted on it. Re Prem: I hope they don't put more money into BBRY through a private bid. I'd be ok with them contributing their stake for private ownership, but with close to $900mln already invested, I will get worried if they add more.

Good short interview with Don Graham: http://www.niemanlab.org/2013/08/don-graham-on-the-sale-of-the-washington-post-jeff-bezos-and-the-pace-of-newsroom-innovation/

Quote from the story: In a message to employees on Monday, Don Graham quoted billionaire investor Warren Buffett, a longtime advisor to the Post Co., calling Bezos “the ablest CEO in America.”

Txlaw, I don't remember if anyone said that at the meeting. I think others have talked about that on the board. However, I am working under the assumption that the hedges are in place to protect their ability to write if equity markets take a dive. I did a quick search on the last few quarterly transcripts for the word "hedges" and on the Q3 2012CC Prem's response doesn't connect the hedges to the ability to write, but more to just stay protected and conservative like here:

I think this is the quote he read that you are referring to: "It is generally recognized that faith is a great vital force in the conduct of human affairs. It plays an essential part in business, education, medicine, politics, science, and religion. Faith is the master key to great discovery, invention, and achievement. Faith is not blindness, supposition, credulity, or ordinary belief. Belief is of the intellect, faith is of the soul. Faith overleaps all visible horizons. Daily you act and walk by faith rather than by sight. You are constantly exercising faith whether you are conscious of it or not. Your life is built on faith. The antidote for worry, fear, anxiety, doubt, discontent, and other disturbing elements is a supreme faith in God, in men, and in yourself." It comes from a John Marks Templeton book Prem recommended: "Riches for the Mind and Spirit." I enjoyed it very much. It's available online: http://books.google.com/books?id=5YGmnjI96S0C&lpg=PA54&ots=ijapQz6t3v&dq=It%20is%20generally%20recognized%20that%20faith%20is%20a%20vital%20force&pg=PA54#v=onepage&q=It%20is%20generally%20recognized%20that%20faith%20is%20a%20vital%20force&f=false

ValueCFA, It looks like he's got them in FOCIX as well, just not at May 31st. See below:

Happy Birthday! With many more to come!

I didn't realize Fairfax had given money to Burry. How much had they given him? Well,... according to Uccmal's knowledge here at the board and my own knowledge speaking shortly with Brian after the AGM,... they were investors in Scion, his old fund. They had some insignificant amount with Burry. Here's my old post about this subject: http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/fairfax-betting-on-demography/msg85431/#msg85431 Thanks for the info! I remember hearing that Brian knew of him and spoke to him, but I didn't realize they had invested with him.

I didn't realize Fairfax had given money to Burry. How much had they given him?

Thanks for the link to the official press release!

official BRK press release http://www.berkshirehathaway.com/news/jun1313.pdf

enjoyed it. thanks!

nice article. thanks for posting!