ASTA

Thanks for the links. I hope the carpenter and his wife made it out before the crash.

Well I never said 100% did I :D If you look at Ted's previous investments he likes roll ups witch also fits NOV. Good forbid and its that other guy at BRK for got his name ;D Win win in any case how bought it, still is a stamp of approval 3 times over.

Have 30% cash and 10% dell(hoping its cash equvilent ;D) and 20% ffh

I like this memo a lot thanks. Reading it makes me think a lot about portfolio positions. Lets say I manage a little portfolio for my grandma and I have 80% equities at the moment and 20% cash. Now according to Mark's the bond universe is risky at the moment which have been my stand for the last 2 years. But am I risky with this equity % as well? Lets take a small sample of the portfolio I bought C this summer for this portfolio and 6 month later I have a 64% return should I sell to maybe buy MSFT to be prudent and a good contrarian? These things keep me up at night and is very tough to call any-thought's?

I have read The Success Equation its not very good as Think Twice is much better.

Great book read it in 2 days great short fun read.

Great shows watched them all as they are free to :D

Hello Gio, True story I almost bought this on Monday as I sold my GBLB and wanted to swap to this stock. However, being a cheap skate wanted to pay 64.89 but never happened. Regarding the company listened to some call's and was following Ted Weschler as he is most likely to have bought this for BRK spending 500h before he bought it is more then enough financial work then I could do. If it reaches this level again I will buy it I think. The company also intrigues me because of the monopoly it has and the ensuring natural resource boom in America. Cheers, ASTA

Hello Gio, Take a look at Bestinver's hedgefund and you can see that they have over 20% of their portfolio in Exor. And MOI had a interview of them explaining a bit of it. I might buy it as well if it goes to 15 :D Cheers, ASTA

Hello Gio, As a new board member I can only tell from my experience from only managing my own money full time its still though. As building a house for 2.5 years really hurt and family times and I don't even have kids. But once I have good track record I might go to work. And its quite lonely to just sit at home and read all the time. But as I own 20% in fhh I might go to a forum/ffh meeting soon for some fun. And as a bonus and thanks to this forum I made 160% in ostk becoming 20% of my portfolio this year so my other bad idea's don't look so bad. RSS Feed have actually saved me a lot of time keeping track of different blogs so I don't need to click on there websites every day. Its now all automatic and I can read more blog-posts this way. So breaking free from frenetic routines is up to each persons circumstances I think and one needs to optimizes ones time according to that. Just like in investing I learned a lot by customizing my investing according to my circumstances. And as I side note I like your way of investing with your time restraints from what I have read here. And I am flowing a similar path but throwing in BAC,HPQ(down 64%) and other stocks so leets see if my side investing will do better then straight up fhh. It has so far :D Cheers, ASTA