CorpRaider

Fascinating interview. I subscribe to this podcast. Congratulations and thanks for posting!

They're talking about this on CNBC now. Berkowitz was talking to David Faber about restructuring them.

Yeah, they also added the gamechangers one to the nflx library for people who are interested. I started watching the one about Henry Kravis last night. Had no idea he was from an oil family and was born in Tulsa, Ok (I think). I always had some vague notion that he was brittish, probably based on the actor who played him in barbarians at the gate. hah!

I caught the bloomberg risk takers program on Burry, it was pretty entertaining check it out. If you have netflix, they apparently added a bunch of bloomberg programs to the streaming catalog recently.

Sounds interesting. I will check it out as well. Thanks!

I'm reading this book currently. It is great! I laughed out loud last night when reading his description of the usual strategy resulting from wallstreet advice to buy them high and sell them when the margin clerk says so.

Yeah the interview was horrible. She could have done it with zero prep. Save those questions for one of the macro guys.

Bought it after it cratered when the CEO was found to be posting on yahoo message boards pumping the stock, think it was in the 30's. Wish I had held it through the financial crisis but I didn't.

I'll throw out some names for fun. CHY, CHI: (Calamos Convertible closed end funds). PCL, RYN: Timber is fantastically beloved in the tax code, but expensive right now imop. ARCC, OAK: (leveraged finance guys who did well through the recent financial armageddon), GAB, RVT: Leveraged closed end funds that pay you back some capital and income each year. GAB aims to pay back 10% of NAV. I think the theory is a 1.2 times leveraged value portfolio should beat 10% over the long term but gives the holders some liquidity. Gabelli and Royce are both getting older though. I would be interested to hear thoughts comparing the next cash flow yield that could be expected from mom and pop rentals versus primo reits in a normal environment. Seems like owning rental houses might give you a lot more upside because of the cheap mortgage leverage, but a lot more headaches too.

I want to buy some AAPL. I'm waiting for my buy signal: a week going by with no posts in the AAPL thread. ;D

I give my nieces series I bonds. I figure maybe inflaction goes bonkers and they make some $$ and I believe they can cash them in tax free for their (Ivy League) education expenses. hah.

NOV showed up as one of the top favorites among surveyed money managers in Barron's semi-annual survey.

Nice one! That's a first class problem you've got there.

haha! The remote training takes up 10% of my life. I can't cut the cord because the sports have me by the...well you know.

OXY. Looking for a copper play but FCX is persona non grata for me because I think the acquisition to bail out the energy plays was an abuse of the corporate funds borderline breach fiduciary duty.

I watched the comic strip. Am I the only one who interpreted the summary/value pitch for CNA as, "it sucks but we're working to slowly make it suck less over time"? I was also slightly underwhelmed with the several bullet points touting "happy customers".

Gotta' admit the graphic novel stuff makes me less likely to buy.

Should be entertaining. I am not a fan.

Noob here: I've been thinking of focusing in on the transport/pipeline companies. The thesis is that their position becomes stronger over time as more energy and industrial production switches to gas and after the price rises enough to ramp up production and we got to an equilibrium. I am unaware of the ability to switch modes of transport as easliy as can apparently be done with oil. Looking at like KMI and some regulated nat gas cos. E.g. PNY. I've also been thinking about buying some SD on the next market correction and maybe some CHK, but I keep coming around to the idea Txlaw expressed earlier in the thread of focusing on the strong hands that are buying assets that CHK and SD and some of the other distressed hands have been forced to sell at what is likely the bottom. Does that lead me to CVX? Seems like they got the lion's share of the CHK assets...

I would buy that book. Seems like an interesting character who may have been the smartest of all, to recognize Warren and Charlie that early. I'm reading Damn Right now for the first time. It is a fascinating story buy wow could it have been more coherently organized.