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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

Thanks for clearing that up alwaysinvert. As a fellow swede its good to know. But my business experience in Sweden is zero USA and gaap my circle of competence :D Sometime in the future I should add Sweden to my knowledge base but as I don't live there anymore its hard with America being easier and bigger too master.

SwedishValue Its because of the Swedish tax code that for example Investor doesn't want to buy back stock as explained buy Third Avenue. And maybe Wallenberg wants dividends instead of paying higher taxes on income in sweden :D

AAII had a very interesting graph and sentiment survey which just hit a record low of 19.3% bulls. So the contrarian in me say it means stocks are a buy. Maybe we can apply a feedback loop from Soros playbook and this implies stocks will fall. How know's its dam hard to invest today everyone I follow are negative except Warren how thinks long term 10 years plus. Well that's the problem with a game its not suppose to be easy to win :D Cool graph from bespoke underneath. http://www.bespokeinvest.com/thinkbig/2013/4/11/bulls-move-to-the-endangered-list.html

Well I think that good books should be re read. But if you have other books to read as I have Andrew Carnegie at the moment its good to broaden ones knowledge. So maybe ones times are tough or too optimistic its a good read to drive down the basics which are 80% of investing in my view.

[amazonsearch]Bitter Brew: The Rise and Fall of Anheuser-Busch and America's Kings of Beer[/amazonsearch] If you feel like you have read enough of investment books and need a fun autobiographical book this one is good. The book goes from the 1900's century to the 2100 century describing Budweiser struggle with alcohol probation(turnaround from biggest brewer to zero beer and still surviving), mergers and expansion, family feuds, first born always first(instead of breast milk first born son always got some Budweiser beer as first drink in life but first born are not always best to lead), size matters :D (describes how efficiency and scale really works throughout time), And how marketing really in all manners of size and ingenuity help Budweiser become a giant brand in America.

[amazonsearch]Simple But Not Easy: An Autobiographical and Biased Book About Investing[/amazonsearch] I want to contribute to this forum so here is a gem of a book that's one of the top 3 starting books on investing. One great quote from the book is when he explains which investment returned the most money from 1997 to 2005? KO or the Russian index? Ask that question to any of your brokers for a quick answer and its fun to see their guess. He was a money manger for the Rousing family for a while and now runs his own investment company Oldfield Partners. And as a person who likes to copy people he is one interesting person to copy that's not American. However, he likes American stocks too, such as MSFT and CHK. Regarding the book: its packed with behavioral finance, investment anecdotes, investment tips and tricks :D and a little history. He recommended the Rausing family to be 80% in stocks. Obviously on the security's part of their wealth. Concentration is also something he champions. As I am a bad reviewer of books my nondescript review is only a staring point to a recommendation but this book is short and good.

Yea have read about half off Titan but was over a year ago but will start again but long books are hard to stick to. The Vanderbilt book is very long to but very informative but after like one month of this audio book I am ready for maybe something in the line of Freakonomics.

[amazonsearch]The First Tycoon: The Epic Life of Cornelius Vanderbilt[/amazonsearch] I have just finished this (audio) book last night and its long but good. Its the best book on the market in the 1900's century I have read. This books also drives home that cash is king and how Vanderbilt's friends had 10 million but still went bankrupt leverage cuts both ways :D But we also learn that whenever there where a crises through the hard skin and nerve he always went ahead and became a lot richer after each crises. Have some time on your hand and want to learn about the american markets and general business history of the 1900's century I recommended this book.