adesigar

+1

Silly Germans. I know someone who did precisely that. Missed exit on the freeway so backed up and took the exit.

Number seven!

I'm invested in SHLD and LUK.

They did a LOT more to help Pakistan during this Links to documents of Nixon and Kissinger. https://history.state.gov/historicaldocuments/frus1969-76v11/d216 http://2001-2009.state.gov/r/pa/ho/frus/nixon/e7/48542.htm http://2001-2009.state.gov/r/pa/ho/frus/nixon/e7/48542.htm

This was recorded before the shooting happened. Lets hear the Republicans and Libertarians excuse for why a potential terrorist can be put on a no fly list but is free to buy all the weapons and ammo he wants.

Trump + Sanders ?

That's the libertarian point of view on just about everything. They care about 3 people me, myself and I.

Kind of. Owning KO doesn't make them hypocritical. Owning KO and saying, "well the problems it causes customers are totally their fault and not ours, therefore don't blame us!", is hypocritical when they know full well they are enabling those customers using a variety of means. Why all this argument about Coke. Its simple Buffett and Munger are wrong. Buffett/Munger wont say anything negative about a company BRK is invested in. I personally think KO is a blind spot for Buffett. Its why he didn't sell it 18 years ago and its also why he wont come out against KO executive compensation(If KO is a company any moron could run why does management need so much compensation) and now this defense of sugary drinks.

Not a good idea to justify killing innocent people by shifting responsibility. If you want to look back on why specific actions were necessary you shouldn't stop at step 1. Trace it all the way back. You might not like what you find.

Beware of Geeks bearing Formulas. --- Warren Buffett.

Personally I don't think mortgage deduction is fair. I don't want renters to be able to deduct rent either. I just think to make it fair the mortgage deduction should go away.

Nice going calling the only ones here that aren't thieves and believe in freedom trolls. Americans should really try to read their own constitution. Would do wonders. Start a new thread for discussing your libertarian crap. I might even join in to point out how dumb it is. Stop polluting and trolling other threads with it. This is not the first or even the 10th thread that libertarians have taken off track.

Ok back on topic to Donald Trump Donald Trump is saying and doing what he feels is necessary to get the republican nomination. He has been successful at getting the delegates and also at getting record turnouts for the Caucus. I would wait to see if/how his tone changes if he gets confirmed as the republican nominee at the Brokered Convention.

Stop feeding the dumb libertarian trolls.

Over those 25 years (using year-end dates not peak), your annualized return was 7%! Do you have the dataset for this? I find this quite useful http://dqydj.net/sp-500-return-calculator/ Vinod Using Vinod's website, the returns from Sept 1929 (the peak) to Sep 1954 were 5.8% with dividends reinvested - though, the majority of that return comes in the late 40s and early 50s as nominal compounded returns including reinvested dividend were actually negative through 1944. It was only the 10 year equity bull market that averaged 16% per year from 1944-1954 that saved your compounded returns over the full 25 year period. Prem's point isn't that you should've stayed out of the market for the full 25 years as much as it was that most people don't really have a 15 year time horizon to break even on a nominal basis (and even longer on an inflation adjusted basis). Especially an insurance company that is required to use it's investment portfolio as capital to support insurance operations. The drop in capital also means a drop in underwriting volumes/profits - a double whammy to the bottom line. Prem's concern is the 90% drop and the subsequent 15-20 years to get back to even and all of the lost opportunity cost not just from investment portfolio losses but also from reduced insurance underwriting. If he can avoid just half of that 50% loss, it makes a massive difference over the following 15-20 year period. To the detractors credit - it has only cost shareholders money for the last 6 years and the opportunity cost has been large just about anyway you measure it. To Prem's credit, just about everything he was concerned about is currently happening, but equity markets have shrugged it off to date. Maybe we'll continue to climb the wall of worry and Prem will eventually throw in the towel. Or maybe Prem will continue being right until equity markets can no longer ignore his warnings and those losses reverse. Only time will tell. Isnt the comparison starting from the 1929 peak dumb? Shouldn't Prem be comparing from the time he went bearish and include the lost opportunity cost of the last few years? So maybe a better comparison would be start a few years before the Peak of 1929. Say start in 1924 or 1925. Also maybe include adjustments for a World War since we don't seem to be getting them every 25 year period.

Is this question for real? Is it really on the Corner of Berkshire and Fairfax Board? Seriously though. I don't think you are asking the right group of people.

Bad Years for Value investors are good. That's usually a good time time to buy those funds.

That was the most important piece of news in the call about SHLD. Also he mentioned that he suggested to the board the need to give more info to better understand and value SHLD. Everything else he said was already know (Pension, Voluntary Cash burn, Tech spend, SYW spend, etc). 2nd interesting piece of info for me was that he said had recommended to DNOW and MRC that they merge.

I think he answered your question today. http://www.sec.gov/Archives/edgar/data/1214344/000091957416010051/xslF345X03/p7043107.xml But I believe his investors disagree. His last trade was a sale of 10,200 with a note that says. In addition to the 10,200 securities reported in Column 4, the amount reported in Column 5 accounts for 593,000 shares now held in accounts over which the Reporting Person no longer has beneficial ownership.

I don't know what a new system would look like but in my opinion we need a system that will let the kids discover their passion and aptitude. Something that will let them figure out what they love doing and are good at by exposing them to as many things as possible at an early age. Once figured out they need a kind of apprenticeship from an early age to excel at what they love doing. What is the point of cramming a bunch of Math/Science into the mind of someone who would rather be a painter/musician/composer/dancer etc? Here is an personal anecdote. My bachelors degree class of around 70 students studying Computer Science. The 3 individuals that were most successful. 1. Politics 2. Music 3. Management

Sorry. I sometimes forget that the government can solve all problems. Please continue. Nobody said that. But apparently some people believe that any government involvement is evil. Ignore him. Thankfully he has a nice bright icon that makes it easy to do so. The moment I see that icon I know the libertarian "evil thieving taxing incompetent government" crap will be in the post so I don't bother to read it. It would also be nice if people didn't quote him since that makes it more difficult to ignore.

Annual report for 2015 is out. http://www.fairholmefunds.com/reportsmgt/

That's wonderful. Can't wait! Its about time. He should've done this years ago.

Adesigar probably posted this for fun, but I'll try to relate it to Mephistopheles' question: Is the price really the decisive factor for choosing tax filing software? Isn't correctness, convenience, speed to complete the process, clarity of instructions, etc. much more important? For anyone on CoBF, IMHO, the most important feature is the capability to painlessly and correctly slurp in your stock investment transactions from your financial providers. If I were you, I'd base my decision on this rather than on other things (like price). Although if you're a buy-and-hold-forever investor or invest only in tax deferred accounts, then perhaps this is not important to you. I've only done taxes by hand and via Turbo Tax Online. I think TTO is OK with some caveats. You should specify your concrete situation if you want more precise suggestions. E.g.: are you self-employed, are you getting stock options, ESPP at work, are you investing in MLPs and need to file K1s, and so on. ---------------------------- Potentially off-topic: this year will be yet another step up for me in terms of tax filing complexity. Last year the biggest hurdle was ESPP filing - TurboTax online does not provide good explanations on how to fill this. I had to Bing/Google for suggestions. I found http://thefinancebuff.com/ and I very strongly recommend the site for various topics including tax related ( I have no affiliation with the author except for getting help from him for my questions ). This year, I have IB account - and I seem to have heard that TurboTax Online does not import IB transactions - can anyone confirm or deny this? This would be very helpful. Also I have Husband-and-Wife Sole Proprietorship to report this year. Presumably Turbo Tax handles this. I wonder how much longer I can get through without a CPA. :) (Not that CPA guarantees great filling. My mother had someone fill her trivial 1040EZ and they messed it up. I had to redo it with TT instead...) I just checked TurboTax online and it doesn't bring up IB(Interactive Brokers) when I go to the Import 1099-B. I use TDAmeritrade from which Turbo Tax can import data but ive never imported my trades from TDAmeritrade. I import the 1099-INT and 1099-DIV and I import the trades through Gainskeeper. If Interactive Brokers works with Gainskeeper you might be able to do the same.