Parsad

No, I don't think he's selling it for any reason to do with SNPK. It looks like he's making better than $5K a month in profit, so $60K a year. He could easily get 2 times that for his site and maybe as high as 4 times. In the comments section he says he has children and that he is interested in pursuing another degree, so he probably would like the money put away while he studies. I'm pretty sure Valuewalk takes a ton of time for him to run as well. Cheers!

This idiot's excuse for forging bank statements for 20 years was because he "had no access to needed capital". Couldn't every young fund manager use an excuse like that? This guy is a piece of s**t and hopefully he gets 20 years! Cheers! http://www.cnbc.com/id/48177543

Discusses deteriorating conditions in Europe. Cheers! http://www.cnbc.com/id/48159304

Terrific post! Cheers!

There's probably a few others as well yet to show. Cheers! http://www.cnbc.com/id/48143974

And then you have these comments by Ballmer: http://www.forbes.com/sites/connieguglielmo/2012/07/10/microsoft-aims-to-take-down-apples-ipad-and-maybe-iphone-too-ballmer-says/?partner=yahootix "Not going to happen. Not on our watch"...it's already friggin' happened on your damn watch! He should just shut up and build. Cheers!

What I love is watching the journalists on CNBC, Bloomberg, etc asking the "experts"..."So, how do you play this?" I love that line...how do you play this? Not invest, but let's treat this as a poker game. Cheers!

Liberty, Take a photograph of you holding that thing up to your ear and post it on here. That would be pretty funny! Yes, yes, I know you probably use headphones or a headset...I'm stupid, but not that stupid! Cheers!

For the most part, the answer is yes. Client accounts, both margin and cash only, are to be segregated from the institutions own assets. The problem arises with margin accounts. Institutions can lend out shares in your margin account without your permission during normal trading operations, and of course their intent is always to make good on returning those shares to you. But if those shares are lent out during a crisis, and the institution does not have the ability to make good on returning those shares, the liabilities are comingled with the institutions own assets and liabilities when the trustees take over. Usually, they will make good over a period of time after the trustees have taken over, but there is no guarantee...especially if the losses for the institution are so large, that it would be difficult to make all investors whole. Cheers!

I suspect that over time, all these hedge funds now entering the reinsurance business...today it was announced that Steve Cohen is joining Loeb and Einhorn...will have some impact on premium pricing. Just like hedge funds and private equity were paying too much for acquisitions that normally would have been in Berkshire's realm. Cheers! http://www.bloomberg.com/news/2012-07-09/sac-s-cohen-joins-loeb-starting-reinsurer-for-capital.html?cmpid=yhoo

Oh thanks Gokou, I thought it was this one...great phone...I love the screen size on it! Cheers!

A colleague just got the new Samsung and it's a really nice phone. Enormous screen and much thinner than the iPhone. The interface is very intuitive and looks great. Powerful and fast as well. Interesting how Apple got the injunction banning its sales in the U.S. Cheers!

Globe & Mail asked RIM CEO, Thorsten Heins, to answer some reader questions. Cheers! http://www.theglobeandmail.com/technology/your-rim-questions-answered-ceo-thorsten-heins-responds/article4395605/

Union Securities and PI Financial may combine. These two have produced more crappy, fraudulent TSX Venture & OTC offerings than all of the other Vancouver brokerages combined...so is this REALLY a good idea? Cheers! http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/two-vancouver-based-brokerages-in-talks-to-combine/article4390681/

- I saw Berkshire Hathaway listed amongst the holdings of AIC Mutual Funds, which I owned. - I looked up Berkshire Hathaway on this thing called the "internet" on my Microsoft Webtv in 1998. - I stumbled across the new Berkshire Hathaway website and read one of Buffett's shareholder letters. - I started selling all of my investments to buy nothing but Berkshire Hathaway B's when the share price fell. - Searching on the internet, I found the MF BRK Message Board. - I met John Zemanovich (Lotsofcoke) on the MF Message Board. - He invited me to the Yellow BRK'ers Party in Omaha in 2001, where this skinny guy who still had some hair named Mohnish Pabrai was hanging around. - Standing in the reception area of the Omaha Golf and Country Club, I almost walked into Warren Buffett & his daughter Susie...Susie took a picture of me and her father. - I left my job and worked in the mutual fund and insurance industry after meeting Buffett. - I started buying stock in a company called Fairfax Financial whose website I stumbled across. - MSN Berkshire Hathaway Shareholders Board launches for me and a few Berkshire friends. - We start to interview people like Mohnish Pabrai, Tim McElvaine, Larry Sarbit, Andy Kilpatrick, a young Sardar Biglari! - Hordes of Fairfax shareholders start flooding the board, because of the short attack on Fairfax. - I leave a message on the Investor Relations contact for Fairfax telling them something is happening with their stock, and it looks like a coordinated attack. - I write a letter to Prem Watsa thanking him for the letters he writes...he invites me to come to Toronto, but I could not go at the time. - Two years later I finally get to my first Fairfax meeting. Prem, JoAnn and Francis have arranged for me to spend the day at Fairfax's office...I start the Fairfax Financial Shareholder's Dinner with nine people and Francis surprises us! - I come back and quit the mutual fund and insurance business and start Corner Market Capital with my cousin Alnesh...our very first partner is our future director and part owner Andrew Cooke...who happened to work as a consultant to Fairfax! - We hold our annual meeting alongside Fairfax's meeting and the dinner. - Three years later, JoAnn passes away from colon cancer and we hold the dinner in her memory with proceeds going to the Crohn's & Colitis Foundation of Canada. - Sold a portion of the General Partner to our two directors...Andrew Cooke and Glen Rollins...they are an intricate part of CMC and MPIC Funds now! - The shareholder's dinner now has 145 people attending, with 12+ speakers, and we raised $13,000. - CCFC asks me to help organize the first ICE Gala in BC with a goal of raising $200,000! - Corner Market Capital passes it's 6th Year of Operations! While there may be a certain amount of opportunity in the above, the bulk is sheer dumb luck...fortunate enough to stumble across good people, good mentors, good partners and good friends! Cheers!

China is slowing too, and it was mostly Chinese and European buyers pushing up prices. As well as those that made money in the Oil Sands and other commodities. The hot money isn't flowing as briskly these days and prices are falling. I just sold my house and there were few offers...sold it for about 12-14% less than it would have gone for last year. Cheers!

U.S. bankruptcies are stabilizing and look to be dropping. Cheers! http://finance.yahoo.com/news/u-bankruptcies-pace-fall-pre-160748142.html;_ylt=AnitYlLTMWAlnD6A5t5e_KKiuYdG;_ylu=X3oDMTRwMXRja3U1BG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnA2RlYzJkMGU5LTZhZDItM2MxZi1hNmUyLWYyODY0NTlkNmQ4OARwb3MDMQRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyAzM2ZTUzZDkwLWM2YmMtMTFlMS05ZjdiLWIzNTU3YTJmMDdiYQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

The same brick wall that always stops them... Kobe Byrant ;D That's pretty good! ;D Although, I think if anyone is going to fit and make that team work personality-wise, it would be Nash. Cheers!

How about we just let Prem and the team do what they do, since they are better at it than all of us. ;D Although, I think stepping in and doing more preferred type deals or acquisitions of private businesses in a cash crunch is probably a good bet...stuff that guys like Berkshire and Leucadia do. People all over the world need money for their businesses and Fairfax has plenty when money others don't. At the same time, remember that all of the private equity/hedge fund guys are competing against them, and they tend to overpay, whereas BRK, LUK and FFH won't. Prem, like Buffett, will go to work when things are really tight for everyone else. Cheers!

I've been having a great day with various things occuring today, and now the piece de resistance. Lakers acquire Steve Nash...showtime is back in LA baby! Kobe, Nash, Gasol, Bynum & Metta...whose going to stop that line? Cheers! http://www.sportsnet.ca/basketball/2012/07/04/nash_signs_with_lakers/

Yeah, Alnesh, my brother and I have a bet going on who can lose the most weight before the wedding. The winner gets a suit from the other two. I was winning, but then I went on a potato chip and softdrink binge for a week and a half during the Euro Cup...now I've got alot of catching up to do! Cheers!

Joey Chestnut has won his sixth consecutive Nathan's Hot Dog Eating Championship! Why is this on here? Because I've always liked the Nathan's franchise. Cheers! http://www.bloomberg.com/news/2012-07-04/chestnut-wins-sixth-consecutive-nathan-s-hot-dog-eating-contest.html

The same birthday as Geraldo...oh no! Great cards guys...thanks very much! Cheers!

Ahaha, "Too big to Flail"... I believe that act also covers the Cholesterolized Dietry Obligations (CDOs). That's a good one too! I'm pretty sure any minute now, a bunch of boardmembers are going to personal message me and tell me that this joke has run its course. Cheers!

Paul, That actually looks like me...except the monkey is a bit skinnier and I have a goatee! ;D Cheers!