ASTA

fareastwarriors I am not smart enough to make a whole thesis on CHRW Dave Sather is president and founder of the Sather Financial Group, Made a 1h presentation on MOI on this. Basically saying its a slow 8% grower for the next 10 years.

Happy to see he bought CHRW I just bought it today :D

Its so hard like Mark's say we are in the upper middle. And Warren 80% positive then Seth negative all different arguments. But if we can be 66% right is to invest but hedge which both Seth and Perm is advocating. Almost bought March 139 puts at 1.44 was at 1.45 :D would have made a bit its 1.77 now. At least I have 20% cash. And with reversion to the mean I am better then the market. On average my portfolio of stocks is up 5% this year but total my portfolio is up 23%. Its dam hard but I cant complain about performance but maybe I am becoming complaisant about my skill/luck. That's my rant and non expertise about today's market.

Namibia, Windhoek ;)

I don't know if this has been posted sorry if it has. ROUNDTABLE III: U.S. -- China Bilateral Investment: Managing Challenges, Optimizing Choices Moderator: Dominic Ng, Chairman and Chief Executive Officer, East West Bank Speakers: Victor K. Fung, Chairman, Li & Fung Group Charles Munger, Vice Chairman, Berkshire Hathaway Jim Sinegal, Co-Founder and Director, Costco Wholesale Corporation

Another great article about Batista from ft. 32.8bn to 0.1bn :D in 1 year that's impressive http://www.ft.com/intl/cms/s/2/e8a45324-fe77-11e2-b9b0-00144feabdc0.html#axzz2auOveDus

want to maybe upgrade your rss feed $5 a month http://www.techspot.com/news/53501-feedly-goes-pro-starting-at-5-per-month-adds-search-and-better-security.html

I sold on Friday 11% position raising some cash

Already saw the full movie but here is a short clip of him. Discusses his investment approach. And maybe giofranchi will feel better of his FFH stake as Jeast also like FFH at these levels :D I think that maybe this has been posted before sorry for repeat. Always good to re watch I did ;D

Well Robert Rodriguez and others have been loading up on APOL I just bought some STRA anyone else interested?

cofabmd thanks for bringing this up This vehicle looks like a cool way for non Bloomberg terminal investors to in vest in South Korean undervalued assets. Going to look some more but without more info probably going to pass.

Ericopoly, My limited knowledge about that is its only a green card and one has to apply to citizenship later like 10 years. The only problem is that you have to hire 10 Americans to work for you which in investing is a no no. Maybe have a side real estate business ;D

Toronto rainstorm leaves 300,000 without power http://www.bbc.co.uk/news/world-us-canada-23236921 Bad flooding in Toronto I can assume.

monte carlo casino gambling and drinking with the stars but yet small and manageable. And very unlikely to go away.

Well It has been very entrenched but a Chinese wants to put up 40 billion for a Nicaragua canal. http://www.ft.com/intl/cms/s/0/6fbae9d2-de74-11e2-b990-00144feab7de.html#axzz2YM5xKxPt But who know maybe this man will go the same way as Vanderbilt :D

Oddballstocks, Well as a matter of fact I know about building roads there and buying land-rovers to officials and the Chinese not taking payments in cash as they are the big road construction builders there in Angola they get resources instead of cash as payment. To be sure you need big pockets for payments buy the government can take years.

Packer16 Regarding to Angola I know that its a seriously bad investment place for foreigners but that's my personal experience.

I was working on the numbers on apple quickly. Regarding MSFT and Apple one has to remember cash horded at apple for the last 13 years which now is being distributed. Should improve that P number. And the P number is one value metric but as Magic formula works one has to way other metric oneself decide and see whats cheap.

Thanks for link I knew I was up to something with Apple purchase Today ;D Link to paper done by Mr. Robert Novy-Marx http://rnm.simon.rochester.edu/research/OSoV.pdf

Hopefully one day soon I will open some business on the side thinking along the way of silent partner deals. However, what have been brought up is they can just pay a high salary and squeeze the minority shareholder out. We will see :D I'll post when that day comes up and hope for some good ideas.

how a bout a ponzi scheme focused on your preferred minority always seems to work out for a while.

Thank you for the link. really a good personal moral's he expresses in the clip. fun to learn a bit about him.

Good book think that bx during a market crash in PE is a good place to start.

cash 21% BRK.b 18% FFH 16% SD 13% BK 7% BAC 7% LRE 7% TSCO 5% WFC 5%

I think this makes a lot of sense as the time to make the most money is when times are very bad. Think Munger and Warren's personal investment of treasurer's for 6 years at least early 2000's. So my personal portfolio is 20% FFH 20% brk.b and some financials and soon maybe a bigger allocation to SD and still 36% cash as I cant find many doubles. ABX maybe but my screen is half half against them so not as sure as hopefully SD ;D it's fun to learn and improve on my limited knowledge but rewarding job ;D