CorpRaider

Thought this was an interesting little read, framing some well known (around here) history. http://www.valuewalk.com/2014/10/buffetts-early-investment-performance-driven-activism/

This is a total tangent but it's such a cool story I'll share anyways. Had a friend who was a survival trainer in the Air Force for years. He was intense, loved that stuff while he did it and left the military probably 10 years ago. Owned a coffee shop with this wife, normal life stuff, very normal guy. About two years ago he wrote a book. Now this guy is not a writer. He writes terribly, misspellings, bad grammar, everything. He essentially told a fictional story meshing his experiences in the Air Force with some doomsday scenario. The book went nuts, completely nuts. Sold like crazy on Amazon, became a prepper favorite. He said he expected his family and a few friends would buy copies, was blown away by the response. So this book catapulted him to a minor prepper status position. He knew what he was talking about from the military training, and now he'd written a book. So he and his wife took full advantage. They sold the coffee shop and he opened a prepping consulting company. He is busier than ever, helping people build bunkers, buy guns, buy food supplies. He's writing another book and is doing a TV show. He happened to be very lucky and have the intersection of a few skills. He had the survival experience, wrote, and is very entrepreneurial. He saw his opening and jumped in. That's pretty neat. Yeah I've often been amazed at what some of those people must be spending on that stuff. Inlcuding many who don't seem to be thriving otherwise, with massive and expensive arsenals. I suppose, to each his own.

Oh yeah. I'm sure the question is fine. That's how WEB words it. I just wanted to mention Doomsday Preppers. That show is awesome, man there are a lot of crazy people out there. Did you that know they can vote, trade stocks, and buy assault rifles? 'Merica! My answer is: MKL, probably many of the stocks held by VIG. The steady and growing divvy checks would keep me occupied.

Maybe the question should be based on buying with a 10 year voluntary lock-up period. I think that gets you through the intellectual exercise without making you watch Doomsday Preppers right before going to bed for the night.

LRE:LN might be in your target market cap soon.

Cheneir's guy was on mad money last night (I know, I know, but the tease of Harold Ham and Salouki or whatever his name is, sucked me in); anyhow he said he does see potential for some lower NG production if oil prices dip enough to halt cap ex because NG is basically being produced as a byproduct to oil drilling in NA. For what that is worth.

Wes Gray is launching his valueshares ETF here in a week or so (or at least the site goes live), I believe it will be based on the Quantitative Value approach in his work. Do you own DD, but it might be one to watch, depending on the exp ratio.

Home Despot and Lowes. Don't sleep on Discover, Underarmour and Dr. Pepper Snapple.

Yeah but Congress is comprised of reactive simpletons who haven't the foggiest idea what cost of capital is; nor do they care so long as the polling is strong on killing fannie with the base for the next cycle and the PACs care enough to write checks to support it. Cue the national anthem. Then again, maybe the realtors can power through some support.

I dunno, Argentina and several other south american countries seem to take a new bite of private capital every decade or so. :D

Three words: Virtual Reality.....Porn.

Yeah it is the idealogues on the far right versus the pragmatists, establishment, govern the freaking country, types as it is throughout the GOP.

I only buy CREE.

Yeah could be some nasty year end q1 tax loss selling and redemptions after people get their statements. Fortuitous that is came out on first day of quarter...

Good point. That's why Pabrai says Greenblatt has perhaps the best audited record of any unleveraged investor on the planet.

Boom goes the dynamite... ;D http://www.valuewalk.com/2014/09/warren-buffett-vs-ben-graham/

The "little book" by malkiel and ellis; "Elements of Investing" is pretty decent. Does a good job with describing asset allocation and rebalancing and whatnot. Quick and easy read. I recently blasted through Bogle on mutual funds (from the library thankfully)...not a fan of the book.

AVP

Yeah I would probably be sweating through the front of my pants, if I had to introduce that brick of shame.

WEB esplained this stuff to Steve Jobs and the people on youtube.

I don't think he's totally abandoned the methods set forth in QV. From the same reddit: "A good screen can make the process better. I have customized screening software that uses a model built in the writing of Quantitative Value (QV) that sifts opportunities for me. I stick closely to the output of that model. The best idea is to figure out the big drivers of investment performance, build them into your model, and then stick to the model's output. There's an idea in QV that the application of statistical prediction rules (SPRs) outperforms the best expert intuition. We think that the SPRs are the floor to which we add, but they're really the ceiling from which we detract. A model/screen is an SPR, and for the best performance we shouldn't "cherry pick" the output. The "Broken Leg" problem is an idea I discuss in Deep Value best illustrated by an example. Say we have an SPR that predicts when John goes to the cinema on Friday. He breaks his leg. Should we be allowed to override the SPR and incorporate this information into our decision? The answer is "no," and the reason is that, while it might be valid in any individual instance, we find more broken legs than there really are, and exercise our discretion to override the SPR too frequently. In investment, lots of undervalued stocks have broken legs, but that's often the reason that they're cheap. If the SPR says 'buy,' I do."

Hoping for a yes and a crisis in the pound and maybe some lancashire or diageo can be scooped up with my all mighty greenbacks.

My fidelity rewards amex seems to be issued/serviced by FIA Card Services (BofA). I don't expect anything like good service from them, but I get 2% cash back on everything.

some of that. Also the star ratings care a lot about vol. True. FAIRX is good example of that.

I personally still think heebner and miller are good investors and wouldn't bet against them looking pretty good in retrospect by say 2019/2020. You have to cut people some slack when something that was perhaps worse than the great depression (especially for value investors) happens. Part of the problem, if not most, is due to the mutual fund form and investors plowing money in at exactly the wrong time and bailing out and forcing liquidations at the bottom. I don't know why more of these guys don't run closed end funds so they can get some durable capital, without having to take over a shitty retailer or reinsurer. Even if the AUM wasn't big enough to suit their needs it would be nice to have that to point to as a comparable. I would look at a CEFs from either of them.