CorpRaider

...and then buys up 5th largest auto dealership in the nation. Like cherry cokes, get a lifetime delivery of Cadillacs? Haha. Yeah he kept right on buying, didn't he?

No.

Buffett gets a personal pitch from the GM CEO, then sends his daughter to grab a new caddy. Just saying...

Thanks for flagging. I caught some/most of this on TV, but will be nice to binge watch. I think I also caught some extended super deluxe version once on H2.

I saw that. Who knows? It wasn't unexpected. An open proxy war in Syria and Iraq, final countdown on Iran nuke deal and Shia rebels on the verge of taking over Yemen hasn't done much.

Hey, Tootsie Roll's CEO kicked the bucket. It was up almost 10% on the news...

Probably wise. Who considered $50 Oil with large and hot proxy war going on in Syria and Iraq and Shia rebels on the verge of taking over Yemen?

2 of the 3 are likely to be dead within that time frame. Maybe, but maybe not. But they are likely to outperform if they survive and you will know as soon as they die, so you can adjust your strategy. It is a lot easier to tell if someone is dead than if they have lost their "alpha". Also you can invest with each, even if you're a non-qualified scrub. I like my answer. Ok, ok Keith Meister.

Carl Icahn, Joel Greenblatt, Warren Buffett

Tootsie is a good one. Don't they have impregnable dual classes of voting shares, so it can't be cleaned up? I would say EBAY. That is going to be rectified though. I'm looking to get in that one here pretty soon. Also re: COH....good call AND they're buying other businesses before they straighten out the one they are running. Freaking amazing. Rumors of good numbers next week sent stock up pretty strongly today though.

S&P mini futures

Let me guess, the way to save everything is to buy gold....from his gold selling company?

Make sure you read the research about what happens to investors when they switch funds after a losing streak. Its not Berkowitz's "losing streak" I'm worried about; he's had plenty of those in the past. My worry is that the guy running the Fairholme Fund now isn't the same person as this guy from 2003: http://www.thestreet.com/story/10086411/1/fairholmes-15-faves-from-berkshire-to-telecom.html Yeah, I want the guy who doesn't have time for outside interests, not the architect/art museum curator/male model.

Classics An Investor's Anthology, published by AIMR and Edited by Charlie Ellis. I am really enjoying it so far, but its mostly a collection of stuff that many of you will have read elsewhere. I'm also reading Titan - about John D. and Prof. Greenwald's Value Investing.

Yeah, sorry I meant close to the bottom in oil (maybe) and more specifically in the small cap E&P stocks; the ones that are down ~50%. I'm sure there will be some bankruptcy filings before the dust settles. I'm keeping an eye out for some PE activity in the sector, but I'm probably not going to do anything about it. You are of course right there are seemingly a lot of risks out there and the only markets that seem to maybe have discounted those are outside of North America.

Thanks for sharing. Hang in there, we are probably closer to the bottom than expected if people are feeling like this.

Yeah I am well into the book and the construction of the Standard (he's already the largest refiner and richest man in the U.S.) and he has yet to invest in any E&P ops. He's building up via the downstream and midstream. Crazy booms and busts in oil were going on. One month they are running out, then someone hits a new well and prices drop by 75%. One funny/interesting thing I didn't know is that "experts" were calling for peak oil from about the time of the first strike in PA.

Nicely done. Do you find Fido to be accurate in computing the returns?

Haha. Please someone be kind enough to remind me of this in the next bear market (I will be around; fates willing and the creek don't rise). New contrarian indicator: number of posts/length and/or existence of summary of annual returns survey thread.

I haven't gotten comfortable with IVAL yet. Prof. Greenblatt shut down his foreign fund and I notice he hasn't launched a new one at gotham and there isn't any good data on the international application of the formula in Quantitative Value, is there? I looked at the live results and they are underperforming, albeit over a little more than a year. I would also prefer if they had some country limits.

http://www.alphaarchitect.com/blog/2014/04/01/etfs-tax-efficient-mutual-funds/

Ditto. Problem with google adsense according to interwebz.

He might go to switzerland with keith richards every year to get all his blood swapped out for fresh stuff.

2014 performance frame of reference via a few funds that I use as measuring sticks (figures are from the respective sponsor's website): RSV 14.07% VO 13.75% VLUE 12.29% USMV 16.34% PRF 12.63% PRFZ 4.70% VTI 12.57% VIG 10.06% VOE 13.95% VBR 10.54% IWD 13.21% IWM 4.94% RPV 12.27% RFV 8.44% EFA (6.21%) EFAV 4.61% GARIX 9.31% GENIX 17.05%

He's behind the call-out box. Heh. http://www.kiplinger.com/article/investing/T052-C000-S002-carl-icahn-better-investor-than-buffett.html