ASTA

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

sold CNQ bought at 27 and sold at 45.77 a nice gain for the family portfolio. But taking some profits :D

Thanks Hellsten, I am for sure going to follow him as he likes ASTA ;D

I agree Prasad only way a investment company( should be structured is the way you and a handful of hedge funds have it 3 people max working in a Hedge fund more then that is just a social club of over spending and money garbing. I have fixed this problem myself too one employ me no fun but at least rewarding(or heart breaking) financially and learn a ton about the world at the same time :D Plus one great insight in life from Alice Schroeder reddit Apart from books I think you should know what is going on that will affect the future. Not in the sense of forecasting. But for example, I was at a conference and asked a successful entrepreneur, "How do you get ideas to start businesses" since he had started quite a few. His answer ... "I look for big companies that have a lot of employees, and I figure out ways to get rid of the employees." This sort of thing can take you aback, but it is worth knowing, which is one reason I stay in touch with the tech world. This is the future :D

Stone19 Thanks for sharing did not know that story my 5 min research just baffles me :D

Thanks for the heads up will read after its done. The one with Alice Schroeder was very good.

I totally miss read this but funny how a fund manager can skip on this http://www.bbc.com/news/uk-england-27019782

I got my saving gene from child hood :D I spend about 27% on cleaning lady and trips the rests general stuff but those are my big items. I read every label before I buy. I am surprised not more people compare water bottle costs per liter/gallon :D I will probably spend more once i have $200,000 per child for their collage. after that I will spend more on my self. Hate loans's and will probably never have a loan in my life. Cleaning lady the best luxury one can get.

Lets see whats going to happen with this sucker :D Time has past and lets see how much he collects and what the future holds :D

don't know the timing really :D But he only put $100 in that hedge-fund of his own capital :D but it was about that time I believe the magic of the hedge-fund industry help warren a bit. But he was nice regarding fees which is not so today 99% are corrupt regarding fees now.

rukawa Buffet did not retire he had a Hedge-fund I think about this time so if he produced more the 6 percent per year he got a "salary" so that was a help. Regarding going out on your own depends on how much stress you can take. I could not do it as I need a stable income which I get. And kids and wife is a big sink hole that needs to be taken care of :D

Thanks saltybit, I think that this kind of research open up transparency which is good for the economy. Good job by the doctoral student :D

Good answer Kraven. I just thought about this but a FAQ or separate sub category regarding starting up and beginner advice to investing is needed so if one goes here one can easily read this or other informative threads. It would help new investors how just found this site get good advice quickly and more subscribers to pay for up keep :D PS and of curses I got my feet wet already in late 1990's in high school

Utu I also studied for the CMA but quit :D I think that following other great investors and reading allot of books is the easiest. I read 200 business books before I started to invest, books on this forum are a good start. After that just get a feeling on where your circle of competence is and goo slowly. I am just starting out myself and find the Tesco or KO or PM of the world are a good start to invest then once I like myself get better in say 8 years of investing I can follow my own ideas. I am not there yet but hope one day I will be. 52 week low of gurus are the best starting ground to follow people I think. And of curse like me be lucky and start in a bull market :D

Thanks Always nice to see Warrens take on investments in its simplest form :D

I think that to go the index way one can measure up against Richard A. Ferri or just copy his portfolio one of the easiest ways to invest in the world :D just re balance 1 or every second year. For myself I just go with S&P and if I beat it over a longer period I am happy. However my goal is to get more then absolute 5% compounded and i'll be happy.

Thanks for the replay Gio :D I did not know that Warren had recommended his letters good to know. However, like I mentioned one of the best absolute mangers around has to be FPA Cresent. They provide cool commentary and discusses their stock holdings which if are followed have been very good. Plus I think I was in a bad mood and had never heard of this manager. Plus when I want to get some worldly wisdom and market temperature I read Oaktree memos. Again sorry for coming of rude and please continue your contributions Gio. And as a contrarian I might be time to hold more cash as I am bashing a guy holding cash so maybe I am helping you in getting the market temperature for cash :D

Thanks for replies. I think I just had a bad moment there and I did read a bit of what he wrote. However, the point is that me as an individual investor can invest in FFH and LRE or other companies less impacted to whats going on. Which I have and have been a real drag on my performance the last three years. But I just have a mental model that says I am not going to invest in bonds until yields on the 10 t-bill is at 4% just simple rule I have at the moment. As for retired income portfolios just load up on pep,ko,bats,lre,pm and other until bonds reach 4%. and of course cash :D