phil_Buffett

as much as i know he has EGI Financial Holdings, RHJ International, Glacier Media, Blackberry, Voya Financial as one of his Holdings right now

thanks :)

thanks for the article. :) iam also Long Eurobank properties and Eurobank ergasius cheers

Phil - if you don't mind my asking - what broker do you use to buy the Korean stocks given the difficulty for retail investors to get them? And are there special restrictions in buying them? thanks cubsfan iam buying on german ING. i can only buy Samsung preffered and hyundai preffered. These are the only two i can buy. there are no restrictions because they are gdr Shares. they are Imitate a half of a preffered share. cheers :)

i sold my pharmstandard Holding today. Holding it for two months. 37% yield. now buying more hyundai preffered and Samsung preffered.

http://www.weisskoreaopportunityfund.com/documents/FG/weiss/docs/188742_Weiss_Korea_Annual_Report_Dec_2013_FINAL_unsigned.pdf for those who are interested. the weiss annual Report. he talks about the preffered Shares, biggest Holdings in the fund and so on. interesting. cheers

http://wealthtrack.com/special-series/great-investors-series/steven-romick-contrarian-cash/

lol ;D

http://mcelvaine.com/wp-content/uploads/2010/03/2013-Annual-Report.pdf cheers

thanks wellmont very much for your answer :)

Can you point to where in the Ackman slides it says preferred could swap for common? On slide 109 he talks about the Treasury converting their preferred, but I don't see anything about the publicly trade ones. Also, from looking at some of the prospectuses I can see they are non-convertible. So am just curious to see how the preferred can be converted, absent Fairholme's plan not being implemented. you're right he isn't specific. But he does say there are "several" ways in which Fannie and Freddie could become fully capitalized "more quickly". On the same slide he says treasury could allow f&f to "raise more capital". I don't believe that Fairholme is holding so much preferred in the hopes it trades at 95% of par and starts paying it's dividends. I believe his plan is to create a large stake in the common equity of the company. Ackman has different incentives. I believe the hedge fund holders of the preferred will play a significant role in how to restructure f&f. btw I participated in a plan (post crisis) that allowed a holder of Citigroup preferred/trups to exchange into common stock at a discount to then prevailing prices. the preferred do not have to be convertible to be exchanged for common stock. even if an exchange offer never materializes, the pref could be a great investment. If there is a favorable court ruling or a negotiated compromise in the next year or so, the preferred could double almost overnight. Depending on your holding period that's not a bad outcome. wellmont would be nice to hear from you. ackman has almost only common stock. what is his incentive? what will happen to common in your opinion?

http://www.valuewalk.com/2014/05/fannie-mae-freddie-mac-bill-ackman-ira-sohn-112-page-slides/

thanks hellsten :)

thanks liberty :)

http://www.valuewalk.com/2014/05/ackman-cnbc-alternative-fannie-freddie/

http://www.valuewalk.com/2014/05/ackman-talks-fannie-mae-freddie-mac/ ackman said conservative value 23$ http://blogs.wsj.com/moneybeat/2014/05/05/live-blogging-the-sohn-investment-conference/?mod=WSJ_LatestHeadlines

thank you :)

http://video.cnbc.com/gallery/?video=3000272515 Charlie munger on exporting nat gas

currently iam reading poor charlie´s almanack. great book from Charlie. enjoy it very much :)

gary iam with you, and think it is a bet on greece return to normalcy. greece is not that great as ireland for example. still huge huge debt, completly false structure in the System, no good tax System and so on. but it was beaten so hard, so any Little step to a improvment will reward the stocks allot and especially then Eurobank here as a bank.

interesting gary as you mentioned, wilbur said better to come late into the game. now with their next Investment Eurobank in greece they invested now. so iam very interested in it. ross didnt put as much as into bank of ireland (only 37mio) but still he invests. fairfax put in Eurobank 400mio. i think greece will recover and Eurobank will be not the same as IRE but will also come back strong. thoughts on this?

http://www.valuewalk.com/2014/04/wilbur-ross-lessons-ire-saga-ben-graham-centre-2014-value-investing-conference/

+1 thats the Point i also dont get. and thats the Point i will not invest in fairfax. he sells j&j, wells Fargo and prem says that the ultimative Crash will come (because of his big hedges) and then buys a greek bank ;D ;D ;D the safest Thing on earth. if a Depression will come in europe, greece is the first Thing with this high debt load who will Crash. makes no sense. btw iam thinking that this not will happen so iam optismtic for europe and us. and would invest in Eurobank here. in fairfax not!

thanks sanjeev :). they talk about the stock Subsea. which is the last year really big down. has someone a stake in it?

http://www.valuewalk.com/2014/04/imco-joins-chorus-against-fannie-mae-freddie-mac/