Parsad

http://www.bloomberg.com/news/2013-08-22/daily-journal-tells-sec-munger-knows-best-buying-stocks.html?cmpid=yhoo Cheers!

Sanjeev - I thought you were a man of leisure like Eric ( that doesnt need to work for a living ) and who is trusted by Prem to manage his money. One can only wish on both counts! Cheers!

Alertmeipp, Let me know if that helps now. There was a disable switch on the site for mobile ads. I don't know if that includes tablets or just phones. On tablets, I don't think it's as obtrusive. I tried it on my phone and it doesn't pop up anymore...make sure you refresh, because it may still be in the cache. Cheers!

The cost of running the forum isn't that much. It's more of a question of my time. The funds are small, so I can't make a living off of them yet...thus I make a living from my own personal investments and working on the occasional client for Alnesh's firm. But working on clients for Alnesh takes time from the funds. So I figured that I'm on the site at least 2 hours a day checking things, filtering memberships & spam, posting, and moderating. Well, if I can make a bit of income off of the site, it kills two birds with one stone...less time working for Alnesh's firm, more time on the funds, and I'm utilizing roughly the same amount of time on the site to replace that income. It makes my life easier and better! Cheers!

Hi Alertmeipp, It only shows up on tablets and phones. It doesn't show up on desktops and laptops. Also, unlike other contextual ads, it doesn't keep moving all over the screen, but stays at the bottom of the screen. Give it a few days, and you won't notice it...just initially it is a bit annoying, because it's never been there before. I promise, you won't see any other ads showing up on the message board. That is it! Cheers, Sanjeev why on phone? not much real estate on a phone already :'( I'll see if there is a way to remove it from phones. I didn't see that option at Media.net. I prefer Google Ads, but you can only have a maximum of three Google Ads on any page. I want to utilize that space on the Welcome Area with a small ad, as well as on the Homepage, but unfortunately almost every company other than Google, uses these types of contextual ads where they float. Most have them floating all over the site, rather than at the bottom. I'll see what I can do. Cheers!

Hi Alertmeipp, It only shows up on tablets and phones. It doesn't show up on desktops and laptops. Also, unlike other contextual ads, it doesn't keep moving all over the screen, but stays at the bottom of the screen. Give it a few days, and you won't notice it...just initially it is a bit annoying, because it's never been there before. I promise, you won't see any other ads showing up on the message board. That is it! Cheers, Sanjeev

Naturally, Buffett & Gates are on the list. Cheers! http://finance.yahoo.com/news/15-tycoons-who-won-t-leave-their-fortunes-to-their-kids-195610442.html?page=1

Small recall at See's. Cheers! http://www.cnbc.com/id/100973057

Hi Jeff, Simple Machine updates usually have good security patches from time to time to keep the bots out. I suspect they figured a new way to be registered as online, as a security patch was issued a couple of days ago. I just installed it, so the count should go back to the 250-300 level. Cheers!

At Happy Hollow Club in Omaha. Cheers! http://www.cnbc.com/id/100971878?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=100971878%7CBuffett+thanks+BofA%27s+CEO

Can you explain this? The wording makes it seem like your saying if Berkshire's Salomon stake went to zero it would've been life or death. Not life and death in the best case scenario, but would have significantly affected their insurance business and possibly their credit rating. $750M hit on $7B in equity. In the worst case scenario, counterparty liabilities just like we saw during the credit crunch, could have taken out a lot of financial institutions...once again, Berkshire would have been the last one standing, but the risk was there. Cheers!

agree 100%. even the greatest investors are not automatons. there is no way he would have taken a big stake in this technology company without personal relationships being front and center. I think shareholders have to learn not to separate the CEO from his own soul. Anyone with good conscious, and I'm betting you all expect your CEO's to have good conscious instead of being psychopaths, would agree that sometimes there are battles to be fought that extend beyond the basic role of the CEO. Otherwise why would Prem or Buffett even entertain things like "The Hospital For Sick Children", "Planned Parenthood", "The Gates Foundation", or "The Glide Foundation"? In fact, why even do big shin-dig AGM's like they do? You guys should be treated like Leucadia Shareholders...just an hour of their time every year! Of course personal stances will play a role at times in their investments and behavior. Buffett ran Salomon's because he had to save the investment. This happens and it's nothing new. RIM is a relatively small investment in the grand scheme of things...Salomon's could have taken Berkshire out if Buffett had not stepped in. Cheers!

I don't know about that. I'm as competitive as the next guy, but what does it matter? I'm not out to beat anyone. I simply need to achieve satisfactory, absolute results. Relative results don't support the family. We can all do well, everything being equal. It's not a zero sum game in that respect. If your concentrated portfolio does great, well I can still do just fine too and vice versa. At the end of the day, Mike Burry said it best. Know thyself. If you are the intellectual heir to Buffett and Munger, then by all means follow that road. Hell, if I could, I would. If I could tell which companies would be doing great in 10-20 years that's what I would be doing too. I can't. To me all of "those" companies always seem expensive. Sure, if I could buy AAPL, IBM, DVA, etc at BV, I would toss other things and do so. Absent that, I do what I do. The biggest mistake I think investors make is trying to be someone they aren't. If you are uncertain about things and believe we don't know what we don't know, then perhaps having 5 20% positions isn't the wisest course of action. If on the other hand, you are able to do so, then that's the path you should follow. +1. I run a very concentrated fund, as well as personal portfolio, but I agree that the investor should know thyself. Cheers!

I thought about Covestor actually. If this works well, I'd be open to starting a model portfolio on covestor. Fees collected would be donated. I have no problem with that. I would only have a problem if someone was profiting extensively from it. Cover your costs, and pick a non-profit of your choice. Good idea Ross! Cheers!

Have you tried calling them instead of email? Not yet because who do you call? China? Come on BYD, how about a local number for those of us actually in North America? I'm not kidding, they give you a Chinese phone number for their North American Energy sales: North America-Energy Address:No.3001, Hengping Road, Baolong, Longgang, Shenzhen, 518118, P.R.China Tel: +86-755-8988 8888 | Fax: +86-755-8420 2222 Email: nmd.og@byd.com Billion dollar company, and they don't even have a U.S. office with receptionist. Sheesh! Cheers!

I have to slightly disagree with Buffett's assessment on who the "ablest CEO in America" is. Bezos is great, but this guy may be one step better! Bezos revolutionized retail...Musk may make the world a better place for your grandchildren. Cheers! This is something I'd agree with 100%. I think because of Musk your great-grandkids may vacation on Mars or even chose to live there. My prediction is that when all is said and done Bezos may be remembered as someone who built an industry, but Musk has the potential to be someone who changes our society at a more fundamental level (transportation, energy, spacefaring, ...) Maybe Prem should give Musk a call on Blackberry. If anyone knows how to save it or turn it around, that guy might! Cheers!

I have to slightly disagree with Buffett's assessment on who the "ablest CEO in America" is. Bezos is great, but this guy may be one step better! Bezos revolutionized retail...Musk may make the world a better place for your grandchildren. Cheers!

This is a real business...very funny Youtube ads! Cheers!

Part 2 of 3 of the ISB talk: Part 3 of 3 of the ISB talk: Cheers!

I dream of a world where we can all take a Kindle into the can. ;D LOL! Free at last, free at last, thank God all mighty we are free at last...from ink on our fingers! Cheers!

Nope, not Prem...Bruce Flatt of Brookfield. Cheers! http://www.cnbc.com/id/100952444

Perhaps, but I would feel a whole lot worse if my local newspaper (The Vancouver Sun) went under, rather than any one of the local cable companies...I really wouldn't blink if the cable company went under, whereas the paper has been a part of my life since I could sit on a toilet and read! ;D Maybe one day I'll walk into the can with a Kindle, but somehow it won't quite be the same. Plus the paper would get recycled right away, whereas the Kindle would have to be disinfected! Cheers!

Ode to the former publisher and owner of The Washington Post by a long-time former employee. Cheers! http://www.washingtonpost.com/opinions/dear-don-graham/2013/08/08/25571e52-ff70-11e2-9a3e-916de805f65d_story.html

Soros has bought into Herbalife and is now pulling his money from Ackman. They are piling onto Ackman now...is this Gotham redux! Cheers! http://finance.yahoo.com/news/soros-fund-withdrawing-money-pershing-013754309.html

No, that would be Guy Spiers. The only guy who talks to me periodically is this bald guy that keeps showing up in my bathroom mirror! I don't know how he knows exactly what time I wake up each day...but he's there...nice chap. Even has a goatee like me! Cheers!