doughishere

Market crashed 20%. Black January (2017). Berkshire Stock fell to 1/3 its high price (about 70% bv). High was way more than book value. I wanted to short the stock (using options) but the Feds disallowed shorting to "Stabilize Markets." So in Feb. I bought a 4% stake (at about 70% bv). Year later, stock doubled and Berkshire got bought out. I voted against, the business was turning(stock portfolio of Geico, Coke, Gillette and BNI held up well) plus it was not accretive the other company was levered up, and some how it passed. :( Took the proceeds(sold the 4% which became about a 2% stake and paid taxes of about $15m) started my own holding company. 100% owned by me. Put the minimum in to incorporate, they took 10% of the top then contributed capital to the biz for the remainder of my net worth. Named it Weyland Industries (Ticker: WI). One attachment is the main screen and a visualization of the company I just created. The other is a screenshot of Berkshire Hathaway's Stock and Bond Portfolio screen from the game. Edit: Ohh one thing i wanted to clarify...the Berkshire Hathaway(A) in "this" post had a much different "profile" than the Berkshire Hathaway(B) in the above post. The game upon restart "loads" different metrics(portfolio values, earnings metric, ....yaddda). So I was lucky that this game had a stock market with super high valuations and that it crashed right soon after i started. Being in January 2017 was just the month the game started. Each new game is essentially "unique" upon startup. But borrows heavily from the "real world"(ie...Berkshire Hathaway owns KO stock).

Great game, Scott. Thanks! Excerpt from the players guide: Link to the online tutorial: http://www.roninsoft.com/tutorial.htm Demo/Download Page: http://www.roninsoft.com/download.htm Attached is a screenshot. Warren and I are going to need to have a little discussion later. Edit: Video list of some gameplay.

Masochist? Aspiring bagholder. Couldn't think of a faster way. :-[ You could always lever up with margin :-\ The analyst from Cowen called it a "highly levered play on SYW." If you buy on margin does that make it a 2x ETF on Eddie Lampert?

Masochist? Aspiring bagholder. Couldn't think of a faster way. :-[

sears :(

hallelujah! Praise the one they call mnuchin!

investorG, here have a cup of coffee and a cookie and why dont you share with us your gse related feelings first? /s

maybe y'all should all start a fannie and freddie therapy support group? You know for the emotional suffering. /s

Great article, good for Adam!

What does trump do.....say hes going to do something. Fail at it. Then set even loftier goals?

What was the last favorable outcome for plaintiffs? I lost count at how many there were for them.

Best valuation I've seen tbh

Is there a specific thread that focuses on just the company...either in here or Investment Ideas?

https://www.youtube.com/watch?v=eWR3IkfHdLE&app=desktop

Cooper: "We are continuing to evaluate the implications of yesterday’s decision, but at a minimum, it certainly strengthens our conviction that the Net Worth Sweep amounted to a taking of property in violation of the Fifth Amendment." Sounds like Custer's Last Stand. Sounds great but they could also be talking their book. Do you really expect them to come out and say the opposite? haha True Sounds like Custer's Last Stand.

We bought Exxon as a cash substitute.... because we thought Exxon was better than cash over the short term.

Let's remember, Mnuchin said he hadn't looked into the legal issues. He could easily look at NWS and think "I don't like it, I'm going to end it" without technically looking into the legality of it. Mnuchin: "I have divested my interest in the fund as well already. My job is to look out for best interest for taxpayer, maintain housing liquidity, whatever the legal issues are I haven't studied that at all." http://www.reactiongifs.com/wp-content/uploads/2013/06/iceman.gif

Im sure he had Fannie and Freddie shareholders first on his mind. /s

Pagliara vs Freddie Mac voluntary Motion to Dismiss

Maybe this will be done in 90 days then. Not holding my breath.

porsche/vw short squeeze http://www.nytimes.com/2008/10/30/business/worldbusiness/30iht-norris31.1.17372644.html

Link to 2016s: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/your-2016-best-ideas/ I'll start. I think Cash might be my best. Fannie and Freddie Prefs have some room to run also.

NFP that I use to mentor for. They take inner city kids in Chicago and put them in private schools. 100% of the kids go to college. http://www.highsight.org/ December 30 is Eve of Eve at Union Station Merchandise Mart. Great time!! Ive gone the past 5 years but wont make it this year. http://www.highsight.org/site/epage/106996_961.htm

I would ask, What stock have you held for the last 15 years?

Who's ready https://www.archives.gov/federal-register/electoral-college/key-dates.html December 19, 2016 The Electors meet in their state and vote for President and Vice President on separate ballots. The electors record their votes on six “Certificates of Vote,” which are paired with the six remaining Certificates of Ascertainment. The electors sign, seal, and certify six sets of electoral votes. A set of electoral votes consists of one Certificate of Ascertainment and one Certificate of Vote. These are distributed immediately as follows: one set to the President of the Senate (the Vice President) for the official count of the electoral votes in January; two packages to the Secretary of State in the state where the electors met—one is an archival set that becomes part of the public record of the Secretary of State's office and the other is a reserve set that is subject to the call of the President of the Senate to replace missing or incomplete electoral votes; two packages to the Archivist—one is an archival set that becomes part of the permanent collection at the National Archives and Records Administration and the other is a reserve set that is subject to the call of the President of the Senate to replace missing or incomplete electoral votes; and one set to the presiding judge in the district where the Electors met—this is also a reserve set that is subject to the call of the President of the Senate to replace missing or incomplete electoral votes. December 28, 2016 Electoral votes (the Certificates of Vote) must be received by the President of the Senate and the Archivist no later than nine days after the meeting of the electors. States face no legal penalty for failure to comply. If votes are lost or delayed, the Archivist may take extraordinary measures to retrieve duplicate originals.