ASTA

PSH, AXP

Exor good deal on a dollar basis I hope

Top Spanish Value Fund Manager – azValor – First Letter To Investors http://www.valuewalk.com/2016/01/azvalor-bestinver/

Qualcomm 4%

Take a look and see if you would like

AA, CHK and GM 2% each

PCP (7%) if this does not work I might as well buy S&P 500 I am done buying cheap assets/stocks my hit % in Quality is much better.

-4% lessons learned 1. Put less emphases on this forums recommendations (some are great but I jump in to stupid things) 2. Please don't listen to my ideas. 3. Don't put 14% in a small oc company with allot of debt 14% should be saved for IBM or similar. 4. My strengths is really in no debt or large cap companies. 5. Barely beating the index the last 4 years lets hope my activities are worth while long term. 6. I am 40% in Oil and Steel so to put it mildly tough. Cheers

OCN 13.005 3% position

7% in NOV and 7% in BP

I think that part of becoming a better investor is knowing faults that the population makes. I just started to play online poker with real money ($5) and started reading a book a bout it. But the level of excitement and odds decision one makes online is fascinating at a rapid pace. I found that I was way to aggressive as one should fold 90% of hands dealt according to gurus :D What is fascinating is how other players act. It almost is a mini stock market with the proverbial the stock market behaves like a voting machine, but in the long term it acts like a weighing machine at works here too. So this got my thinking maybe I am just average and my stock market out performance the last 4 years is just by chance and risk. Poker I think is therefore a good dose of real life fallibility as when one thinks ones hand is superior others have a better one. So like Munger waits 10 years to buy something he might be right. And I think I have been punching to many holes in my punch card the last 4 years. And poker is good at showing that. So if you are bored and want to see how wrong ones odds decision can be Texas holdem online quickly teaches you that :D

cool and thanks :D

Gio as I am sure you know is that Italy has had one of the worst shrinkage of city's the last 20 years and going forward. Don't remember where but was looking at Hungarian properties but saw Budapest had no population growth for 30 years actually negative same with Rome and other city's in Italy. Worst was Russia then east Europe then Italy. My two cents on this topic :)

I am not sorry :D sold my 20% stake to buy cheaper stuff. Last time I did this I sold 20% in BRK.b to buy SHLD talk about a bad move for my health.

Bought a 7% stake in Suncor Energy today and a 7% stake (out of my portfolio;) of Standard Chartered

How about a color book Index Funds: The 12-Step Recovery Program for Active Investors or http://www.marketwatch.com/lazyportfolio :D Second Grader's Starter the best over 10 years quite funny

Thanks for the head's up. Now we wont know if he is buying more Tesco :D I would be very interested in his next endeavor.

I am not rich but whould like to come to Toronto :) tired off Europe. Have been thinking Singapore or Toronto lately lucky enough my wife is born in Toronto so it's easier to convince here to move there :) From what I read and see in Europe my very personal opinion is that to many low wage people getting in too Europe and they are why smarter then gullible swedes for an example. But my family has lived in four different continents the last 40 years. So I am used to moving.

Take a Look at FFH nov 30 2012 as i bought a bunch of FFH during that time :D And my courage came from Margin Of Safety, Seth Klarman book.

What really changed my mind on spending money was when I went to Nice for holiday and went to Etap(Ibis light) 60 euros a night hotel and there was no soap in the room. So as much as I love to save money I am going to spend a bit more on hotels from now on :D I think that the game of saving is fun and wont stop on that but I don't see me going to no soap 60 euro hotels anytime soon.

Lee Kuan Yew that's my answer. Anyone how have seen third world corruption and USA constitution at work i think will like Lee Kuan Yew. I have not been in Singapore in a long time but what i have read about the place its the best government in the world right now.

Regarding the management fee the only time I think its worth more then 0,6,25% is Distress debt think Oaktree. Other then that why would anyone pay more then 0,6,25% when investing in equities take's maybe 10H a week or 100% index.

Jim Rogers - Follow the Money $$$ | London Real Anyone else thinking about moving to Singapore :D doing some work on it now :D

'Netflix for Magazines' App Expands to Canada http://mashable.com/2013/09/26/next-issue-media-canada/ Next issue has iPad app for 15 dollars a month with over 120 magazines including Bloomberg markets its good :D It works in Europe if you have access to a USA credit card first

Thanks for the article. Like rest of life small expenses and no or only none recourse debt is the way to crate a dynasty :D