CorpRaider

I don't think we can count Gayner really. The Markels own a lot more stock and he's just co-ceo with the insurance guy.

Yeah, RPV is +6.45% YTD and +16.15% over 1 year VBR is +5.56% YTD and +15.16% 1 year

So much for that idea ;D

Someone wake me when Tony freaking Robbins stops publishing investment books. Holy Robert J. Shiller this is going to be nasty. Ahh I'm probably just pissed that I sold my BAC wta right before BAC starting ripping again. Bought a little CAG. Mostly a placeholder. CEO did me right @ the old SLE.

Bought some COTY. Just a little skin to make me pay attention.

1999 all over again?

Marketing for China fund? Wants to live beyond himself?

RDU or Baaaaahston.

man yahoo finance has really imploded. I used to check there like at least a few times per week and now I haven't been to the site probably since the Berkshire stream. I really appreciate all your efforts on the TARP warrants. I am toying with the idea of selling my last slug of BAC-WTA and rolling into common. Just because the timeframe is getting shorter and trump or Kim Jong or something could knock things off kilter for a year or two. Of course, I'm not holding in a taxable account.

I liked it, very much. Obviously most of us have been previously exposed to their work but the story of the two and their personal background was 100% worth the read.

Didn't he just say they haven't written any Cat in 6 years? Honestly, I've kind of been waiting for UVE or peers to file and BRK to get back in the market before looking hard at you know P&C insurers in general. Wonder what Markel has going, with the acquisitions especially. Would sort of save me some brain damage/time if some of these supposed Berkalikes get exposed has having ignored WEB on the risk/reward in a major way.

Interesting stuff. They are due for it.

Thanks guys. Kinda never saw how they would get an acceptable price with Peltz already in there. I mean, remember snapple?

The deposits are the moat, is my (very limited) understanding of his analysis.

Interesting. Seems like values might remain cheap if population trends (collapse) and deflation turn out as many project. But maybe that is fully discounted in valuations.

Who do you think is buying the Bank of New York? Ted or Todd?

I sold GILD last time when they were "dumb and did a deal". That cost me a 5 bagger. I guess it was also beyond my depth. 8) Yeah, if they make a move after (another) biotech crater I might buy some just based on faith in management and respect for their ignoring investment bankers for years.

GLRE was cheap @~80% book value with a new CEO with a Lancashire pedigree. Yeah I want to like GILD just because they haven't been dumb and "done a deal." But it is beyond my depth. Retail and autos are in crapper. EAFE financials... Seems like quite a bit of dispersion in valuations in this market really.

Can I use this thread title as the title for my blog? :o

Yea, the PIMCO StocksPlus and StocksPlus Long Duration funds are two of the best performing "active" equity funds in the mutual fund universe since their inceptions. The standard StocksPlus fund goes back to the 80s so it's a LONG track record of implementing the strategy successfully without blowing up in the U.S. markets. There's definitely increased risk with the use of economic leverage and EM is far more volatile, but I'm relatively confident in their ability to manage it responsibly given their long-term success in the U.S. Plus, they're not swinging for the fences with the collateral - current duration is less than a year it's diversified across U.S. treasuries, mortgages, and corporate exposures. They simply have to beat the funding cost of the swaps used (LIBOR plus a spread) with the fixed income portfolio so it doesn't have to be anything TOO crazy to get the additional 2-3% a year. Interesting. Thanks for the response. Clarification, I had the retail fund not PEFIX. ;D

Congrats on the fund!

Interesting. Gundlach scared me about derivatives used in Pimco funds in one of his talks and I switched from PEFIX to FNDE. But it hasn't quite been hanging with the performance (neither has PXH over 5 years). But I guess that was to be expected with losing the "plus"/leverage.

Yeah and also most of the value tilted indexes and even the academic factor (I believe) have been sucking wind.

I always enjoy reading or watching his stuff.

Honestly, all things being equal, I would rather buy stuff from Target or Costco than amazon, since I can return it or go look at it. They both just need to keep working hard on getting their e-commerce stuff up to snuff.