ASTA

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

Great quotes but looked at their performance figure and just skipped the rest. Does anyone else feel the same way when one looks at AR by fund managers. Time is limited in life so I rather read or listen too good performance managers or really bad ones as comparisons. Plus lets say FPA Cresent also does the absolute portfolio stuff but at least has some graphs and not just 25 pages about good knows what. sorry if I come out as rude :)

Migration: The drain from Spain After years as a leading recipient of immigration, the exodus from the country threatens its recovery http://www.ft.com/intl/cms/s/0/f7bdd5ce-995e-11e3-91cd-00144feab7de.html#axzz2ttXZylpa great analysis on migration flight by South Americans and others from Spain.

Aberhound I agree with frugal Land is a good idea but maybe some time ago. As 1997 was a great year for that I know very well. However, I only spend about 11% per year of what I make so I think I am quite frugal :D

I have to buy German because I live close by so american brands are not common here. SD I am not going to buy Beckham's BMW :D http://www.dailymail.co.uk/news/article-448158/Becks-stolen-BMW-used-Macedonian-Government-minister.html I think as I have house paid of and no debt I can buy a used m3 :D And the good thing is I only drive maybe 8k km per year so can keep that one long too.

I don't think that jaguar xf passes the wife test either German or Swedish cars ;D Regarding financing if one can do that through a company I think that's not a bad idea but I don't have that possibility. So will probably buy cash a 1 year old BMW we will see.

Since there has been a lot of talk about houses being expensive and if it is a investment or not lets talk about a value investor choice of a car :D I have been spending lets say 50 hours the last weeks learning about cars. for great information regarding BMW look at http://www.bimmerpost.com/ on Mercedes-Benz http://mbworld.org/ So I am driving a very nice car but its 10 years old and thinking about a new one. As the value investor in me its really tough. As cars are the worst investments. So was thinking about a used car. The problem now is my current car I have to pay 1000 euros tax and its has 12mpg 20 l/km so a gas guzzler. And some times I just worry about the gas so I don't even drive. So just wondering how other value minded people on this board go about buying a car? I think I will buy a nice 1-2 year old car maybe the new M3 or the new C-class any stories or recommendations :D

Well maybe he is right but as far as I see it the best investment for emerging market is PEP, KO, AGK, JNJ, IBM, Posco etc. so I think the investment board have been right :D Like Warren Buffet recently said I like stuff that moves :D example AGK. Anyone how lived in a third world knows that their power supply is abysmal.

jm25 well I have had moderate successes and I have not even once looked at a screener the last 3 years excluding magicformulainvesting.com and gurufocus 52 week low. So one can go about it many ways. And regarding seekingalpha and marketfolly I have looked at them maybe 4 times per year. What I am saying is the best way is all personal. Find whats best for you in your real portfolio or fake portfolio :D For example I just found 2min ago that Tweedy Browne bought more HSBC this quarter and its at about the low of the 4th quarter so that might be interesting :D