undervalued

Mnuchin almost confirmed as TS.

is there a chance that Mnuchin will not get confirmed? Hatch is saying they can only delay. http://thehill.com/homenews/senate/317076-dems-boycott-confirmation-votes-for-trump-nominees Is market saying there is a chance Mnuchin won't get picked?

I still can't access the article but here it is.. http://www.wsj.com/articles/mnuchin-has-stake-in-fund-that-would-gain-from-fannie-mae-revival-1484169733

Hello, Could someone list which companies give discount to their directors when they purchase the company stocks and by how much discount? By the way, where is this information usually listed in? I am looking at TDG proxy and annual statement and cannot find it. Thanks.

Anyone betting larger than 50% of their net worth into the preferred here?

Just added another 2% for FNMAS

Can we do a quick poll on how much FNMA/FNMAS everyone is holding out of percentage of total portfolio including cash? FNMA: 2%

FNMA or FNMAS? Which one will survive the restructured and benefit most?

Does today's news increases chances of GSE getting out of government hands greatly or higher than before but not much? Anyone adding more because of today's news? Which one is a better buy FNMA or FNMAS?

this is gonna be like a bunch or other threads that already exists out there.

Thank you for the clarification.

What do you think of the 25% foreign tax withholding on the dividend? I don't like it, esp since I bought it in tax free accounts. If you buy the Belgian common the tax is only 15%. Not sure if one can get the reduced 15% rate on the ADR. But basically if I buy it in a non tax-free account I'd pay more than 25% tax on the div. So obviously not an ideal situation, but not the end of the world either. I also bought it in tax free accounts. I read that if you do buy it in taxable account and if you qualify to itemize your deduction, you can get tax credit on your 1040.

What do you think of the 25% foreign tax withholding on the dividend?

If I were to buy FFH in the US.. which ticker should I buy given that the FRFHF keeps trailing FFH in 5 and 10 years returns. Does everyone here agrees that it's better to buy FFH.to than FRFHF?

I used this strategy a while back but it didn't earn much. Buying the warrant has a much better up side when it goes up.

Do yourself a favor - half that position in BRKB and buy some FAIRFAX!!! The surest way to become a millionaire is to save and have no kids for sure.

There are a lot of Indians working for MSFT and IBM. They might decided that it's better to start up a new company in India or maybe move back to India and work there as Indian companies get bigger. I've heard stories from Indian IT people that they have better working environment and perks in India than here in the US.

Largest to smallest: WFC BAC LUK USG CBI LBTYK PBF KERX NXEO KIN 1% cash

In the bloomberg article, it says Perry made money on FNMA.

WFC screwing everyone.

Thanks for posting the transcript. I guess the lesson here is to remind everyone Bernard Baruch saying ―nobody ever went broke taking a profit. And that during downturn, stock price went crazy to the low side where you can really outperform over the long term.

So you're saying it will keep growing and growing. This is nuts.

I wonder how rich would I be if I was the one introduced to Buffet back then and we hit it off? Much richer for sure. LOL

Great info, thanks. Land is so ubiquitous it would seem there would be a way to play it if you looked broadly (including internationally) and long term. I do think land values could take a hit in a credit crunch along with everything else, but populations are growing and the true value of basic food/ water commodities (particularly those without a futures market) could be vastly different than nominally believed. I've been thinking of the Saudi purchases along with Canada/ other EMs as partly a currency hedge but that may well be missing the broader picture. As Mitchell wrote: "land is the only thing in the world worth working for, worth fighting for, worth dying for, because it's the only thing that lasts" The nice thing about land is its quantity and general properties are clearly known (unlike precious metals or oil for instance). There will always be less of it per capita until the world's aggregate population starts declining, and at that point we'll have bigger problems to worry about. I might even go so far as to say that if I had 100 billion and wanted to do no work for the rest of my life, buying land in 3-5 years once the next commodity bull market begins might be the most logical secular trade. But I would definitely wait for a credit crunch to get some good prices. I am pretty sure if I have 100 billion, SPY will do me just fine for the rest of my life also.

Try finding a water ETF. lol no. Try reading the article that ni-co post.