kiwing100

Good clarity on dividend policy with a simple mathematical example - maximisation of intrinsic value to shareholders is still his focus.

here is how ratings agencies look at P&C insurers http://www.ambest.com/ratings/methodology/BCAR_UNDERSTANDING_PC_Insurers.pdf

I would like to go back to BargainHunter's original comment. How do we take advantage of high yield corporate bonds being highly priced? Short sell high yield bonds? Very hard to borrow for a retail investor.

thank you for posting

Oaktree Capital's Howard Mark's most recent memo titled Ditto http://www.oaktreecapital.com/MemoTree/Ditto.pdf

thank you very much for posting

thank you for posting ...

Ericopoly, what does HWIC mean? Thank you.

http://www.oaktreecapital.com/memo.aspx?AspxAutoDetectCookieSupport=1

Thank you for posting the link

fyi, this guy is 107 (and he is still going), and he's been investing in markets since 1928. - that's 84 years of being involved in the markets. In terms of experience, he personally experienced the 1928 crash, and was an early disciple of Ben Graham. http://www.businessweek.com/articles/2012-04-12/how-to-play-the-market-irving-kahn

Here is a lecture / Q&A session by Buffett at the University of Georgia, Terry College of Business in 2001. Although its over 10 years old, it was relatively recently uploaded (compared to the lecture date), and it is the first time I've seen him explain clearly what he means when he says he "doesn't understand a business" ...

Article on FFH's portfolio based on recent 13F filing http://www.valuewalk.com/2012/08/fairfax-financial-increases-stake-in-rim-hold-usb-jnj-rfp/

latest key portfolio disclosures of BRK and changes as reported http://www.marketwatch.com/story/buffetts-berkshire-exits-intel-buys-more-banks-2012-08-14?dist=afterbell

FYI, here is an analysis of the portfolio of T2 partners.. Interesting that they had 37% of their NAV in call options and warrants .. http://www.zerohedge.com/news/t1-not-t2-goodbye-whitney-tilson

FYI, for those who of you who trade futures contracts, you might want to note counterparty risk exposures, if you are relying on SIPC for protection. This is has come from a WSJ article from the Peregrine Financial Corp bankruptcy http://online.wsj.com/article/SB10001424052702303644004577523373688714462.html?mod=WSJ_PersonalFinance_PF15 When a securities firm becomes insolvent—such as in the case of Lehman Bros. Holdings or Bernard L. Madoff Investment Securities—the Securities Investor Protection Corp. makes sure customers' cash and securities are returned to them. Customers can be reimbursed for up to $500,000, of which $250,000 can be in cash. But SIPC doesn't cover futures trades, except in rare cases when a customer has a "cross-margin account" holding both futures and securities, says Stephen Harbeck, chief executive of SIPC. "We have an extremely narrow role," he says.

thank you

Here is the link to internet TV broadcast if you don't get if on your local cable channel http://www.bloomberg.com/tv/

fyi, Buffett on Bloomberg TV with Betty Liu on for 2 hours beginning now from Sun Valley ... 8.00am to 10.am EDT

Howard Marks latest memo dated 20 June, titled "It's all a big mistake" http://www.oaktreecapital.com/memo.aspx?AspxAutoDetectCookieSupport=1

http://www.marketwatch.com/story/irish-central-banker-outlines-bank-capital-needs-2012-05-30?dist=beforebell

If this occurred, this would likely have an adverse impact on an investment in Bank of Ireland ... http://www.bloomberg.com/news/2012-05-25/dallara-says-greek-euro-exit-may-exceeed-1-trillion-euros.html

Not sure if Bank of Ireland needs any new capital. If so, who will provide it, what form will it be and at what price? http://www.telegraph.co.uk/finance/financialcrisis/9274830/Euro-austerity-example-Ireland-may-need-second-bailout.html

BRK tried to buy ResCap before bankruptcy: report http://www.reuters.com/article/2012/05/18/us-berkshire-ally-rescap-idUSBRE84H03L20120518?feedType=RSS&feedName=innovationNews&rpc=43

BRK buys newspaper titles from Media General, gives Media General a loan and gets penny warrants on Media General: http://finance.yahoo.com/news/warren-buffett-makes-another-major-120600098.html;_ylt=A2KJjakY7bRP6QoAlMDQtDMD Press release from Media General http://www.mediageneral.com/press/2012/may17_12.html