Parsad

Dispute over insurance losses. Cheers! http://www.bloomberg.com/news/2012-12-04/swiss-re-says-buffett-seeking-up-to-1-billion-on-life-deal-1-.html?cmpid=yhoo

I thought I would just post this to get a rise out of our hard-core Apple shareholders. This idiot should be parking cars not talking about stocks. Cheers! http://finance.yahoo.com/blogs/breakout/next-apple-131608918.html;_ylt=AktSaN8ZNm6NMjF_FRC2IAWiuYdG;_ylu=X3oDMTNya29tM2twBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDZmIzODExMTMtYjU4My0zMmEyLTkwNmYtNzhkYjk1MTJjOWIyBHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyA2EwOTc0ODcwLTNlMjQtMTFlMi1hZDc3LWJhYWNhNWY2OGYyOA--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

No, that's just a normal shelf offering...nothing unusual. Cheers!

SEC going after big four China affiliates. Cheers! http://www.bloomberg.com/news/2012-12-03/sec-says-big-four-audit-china-affiliates-blocked-probe.html

Very good Bloomberg article on how the FBI worked their way up to SAC. Cheers! http://www.bloomberg.com/news/2012-12-03/dream-insider-informant-led-fbi-from-galleon-to-sac.html

Short, but very good article on Buffett. Cheers! http://dealbook.nytimes.com/2012/12/03/for-buffett-the-long-run-still-trumps-the-quick-return/?partner=yahoofinance

Leverage cuts both ways! Cheers! http://www.cnbc.com/id/100271335

Article on Buffett speaking to small business owners as part of Goldman Sachs Foundation's "10,000 Small Businesses" program. Cheers! http://www.cleveland.com/metro/index.ssf/2012/11/warren_buffett_encourages_smal.html

I know that certain threads can become heated, especially if you have two very convincing arguments for both sides, but please stick to the debate. If your analysis is correct, the eventual outcome will ultimately determine if your argument was right or wrong. If boardmembers find any posts offensive, please report them and I will decide if they need to be removed. Also please examine your own behavior before reporting posts, as it always takes two to tango! Cheers!

We haven't bought Fairfax in a couple of years, but we snagged some right at $341.18. We'll buy more if it goes lower, but I suspect they will be buying back some shares below that as well. Cheers!

SEC has closed enforcement action on WFC...so nothing is going to happen. BAC seems to be in talks to sell 49% of their Japanese asset management business to Mitsubishi. http://wallstcheatsheet.com/stocks/sec-clears-wells-fargo-mitsubishi-in-talks-for-bofa-merrill-lynch-financial-business-update.html/ Article on U.S. large bank capital ratios. Cheers! http://finance.yahoo.com/blogs/the-exchange/despite-basel-iii-higher-bank-capital-no-silver-000008264.html;_ylt=AqYPpfxc5b2PKKFGzJkWRMKiuYdG;_ylu=X3oDMTRiYTM3Y3NmBG1pdANGUCBDb21tZW50YXJ5IGFuZCBBbmFseXNpcwRwa2cDOWJmOWMzMGEtMmE5Ny0zMDdiLWEzOTYtZTVlMGQxNzQ1Yzk0BHBvcwMxBHNlYwNNZWRpYVNlY3Rpb25MaXN0BHZlcgM4N2U0ZTk2OC0zYTE5LTExZTItOWZhZC0zY2Q5MmJmZjIwMTY-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

I don't think he's right at all. If there was no QE, then yes, he would have been correct. But we do have QE and up the ying-yang! That changes everything...for now anyways. So, plainly he was incorrect as were many others, because he/they did not include Bernanke in the equation. And I agree, at some point it will not end well if they cannot bring it all back in with the same ability as they poured it all out. Cheers!

Superb and very charismatic speaker. Always enjoy his presentations. His Charlie Rose interview from a couple of years ago, is still one of the best interviews I've seen. Cheers!

That is funny. As someone whose grandmother always called the kids meshugana, brings back some memories! He's got that old lady from Brooklyn (or in his case Boston) accent. A great investor though and one of the best at giving honest, clear answers. Cheers!

...we are already in the midst of a recession...he'll be right eventually. Cheers! http://finance.yahoo.com/blogs/daily-ticker/ignore-gdp-fiscal-cliff-u-already-recession-ecri-174612999.html;_ylt=AnmWr8z1QcVcsYx_hYRduZOiuYdG;_ylu=X3oDMTRwN2R2MmhlBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnAzA2ZmFhMWJhLThmNjAtM2I5My04M2U4LTFkMGEzNGE0ZGZmNQRwb3MDMQRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyA2ZhZWYyM2E4LTNhNWQtMTFlMi1hNDNkLTNjZDkyYmZmMjAxNg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Great interview! I've loved this guy since he started Fairholme, and I always thought he fell into that category of managers that Buffett would hire. Just has the perfect temperament for the business. And what about that accent...you could pretty much see him raise his arms and say "It is what it is...mashuguna!" Love listening to him talk about investing and the industry. Cheers!

Article with comments from Netjets CEO, Jordan Hansell, as well as discussion on the $17.6B in planes Netjets has started to get delivery on. Cheers! http://www.bloomberg.com/news/2012-11-29/berkshire-s-netjets-updates-fleet-with-plane-orders-after-glut.html?cmpid=yhoo

If you are not in the U.S., you may not be able to watch that link. Here is one for Canadians. Cheers! http://www.thecomedynetwork.ca/shows/TheDailyShow?videoPackage=127462

Easy credit strikes again! Cheers! http://www.cnbc.com/id/49983471

It will get better after each generation comes out. Remember the Hyundai Stellar or Pony...now look at Hyundai today! Cheers!

Since a single mother of two surviving on $25K a month in income, would find it far more difficult to come up with $5K in taxes, than a single person making $100K and having to come up with $20K in taxes if you went solely by a flat tax. Coming up with that $1000 in rent would be pretty damn hard. A recessive tax regime is far from equitable! Cheers! I think you mean 25K a year, not month. Not sure what you mean by "recessive tax." The common term is regressive. Regressive hits lower income more than higher income. It can be via a head tax (same dollar amount per person) or decreasing rate such that the effective percentage is higher for the lower income payor. Flat tax is same rate regardless of income. It is generally not considered regressive or progressive. Progressive is where one pays a higher rate as income increases. A big part of the tax debate revolves around the whole issue of "fairness." Typos...tough to type on my iPhone while standing amongst passengers on the Skytrain (subway). Cheers!

Since a single mother of two surviving on $25K a year in income, would find it far more difficult to come up with $5K in taxes, than a single person making $100K and having to come up with $20K in taxes if you went solely by a flat tax. Coming up with that $1000 in rent would be pretty damn hard. A regressive tax regime is far from equitable! Cheers!

It's got nothing to do with Obama, but the fact that the subject matter is extremely polarizing. Under your line of thought, the argument could be made that Buffett's articles get more bad press because he supports a BLACK president? If the anxiety is greater since Obama came into power and Buffett supported him, then using your theory, the race card would be as likely as what you are suggesting. Of course, neither theory is correct. It's just that paying taxes has always been a polarizing subject, and this president and this congress are deadlocked on their specific agendas on how to proceed. Buffett has blatantly made clear which side he supports, thus he gets more press...both good and bad...on the subject. Cheers!

The funny thing is, the rest of the world sees exactly how centre-right or right Obama is relative to how liberal he is portrayed in the U.S. It's just an indication of how far right the "far right" movement has become. Obama is probably more conservative than our own Canadian "conservative" government. And our "conservative" government sprung from a "Tea Party" like movement twenty years ago called the "Reform Party"...which was full of as many crazies as the "Tea Party!" The liberals in Canada don't know how good they've got it with their "conservative" party. Cheers!

You're right Myth...that guy is a trouble-maker! ;D Cheers!