Parsad

For an old guy, Buffett is incredibly in tune with popular culture. I think he was referencing Stephen Wolf, but alluding to the quote from Pulp Fiction as well. This is the guy who just played Walter White in his own AGM film, before the huge ode to Breaking Bad that the rest of the world was writing for the last five months as the show ended. He's incredibly in touch with all facets of American culture from politics, sports, entertainment, etc. That's what makes him so fascinating to even the non-investor! Cheers!

Short article on Arlington. Cheers! http://seekingalpha.com/article/1753932-learning-from-arlington-values-picks?source=yahoo

Some of the managers and analysts are given portions of the portfolio to manage (from half a billion plus to just ten million). It could be that the position is one an analyst took. Cheers!

+1! Cheers!

We are one-third sold out already! Get your tickets before they are gone. Cheers!

I think it's too premature to come to any conclusions on Tracy Britt. Those articles seemed quite sensationalistic, so I'm not sure they carry much weight with me. Time will show if she is qualified or not, but Buffett certainly thinks she's talented...at the same time, she is young too. I would let time guide any decision on her abilities. Cheers!

I have a copy of it, actually. I don't think she would mind me posting: Dear Mr. Buffett, Enclosed with this letter, please find a copy of the 6th edition of Graham and Dodd's Security Analysis which features your forward. Rest assured, this book is not for you! I know that you already have two beloved copies of this book, and since I don’t have an original copy with Graham’s notes inside, there is little that I can do to add to your library. Rather, it is my hope that you will find the time to sign this book and have someone return it using the return label provided. In January, my husband is opening his first investment fund, based on the principles of Graham, Marks, and of course, you. Over the last few years, he has devoured any information on value investing and analysis with a passion! I would love to present him with this book, which already means so much to him, made even more special with an inscription from his personal hero. He would be overjoyed, and I will have won the "greatest gift game" for at least the next decade. We both admire and respect you and your career, and I hope that this letter finds you well. Thank you for being an inspiration to so many, especially my husband who has never been happier since finding his own passion for value investing. With great respect and thanks, That's a great letter she wrote! She's a keeper...not only does she actually listen to you about Buffett and value investing, but she got the greatest investor to sign a book for you and mail it back. You won't ever do better than her! ;D Cheers!

I think nowadays you can just buy a degree! Common sense cannot be bought. Cheers!

Very nice! You owe your wife a nice gift from Borsheim's now! ;D Cheers!

No, check the math Siddarth...closer to 14.5% annualized, during a period when the S&P did less than 5% annualized. Cheers!

+1...fully agree! Cheers!

Should have just put her up in a house in the Hamptons for a week, and not exchanged any cash! ;D Cheers!

Hedge fund Common Sense Investment facing massive redemptions after prostitution bust! http://finance.yahoo.com/news/fund-slammed-founders-prostitution-bust-194535306.html But somehow Chanos kept all of his assets after it was revealed that Spitzer's hooker mistress was staying at his place all summer a few years ago and called him "Uncle Jim!" Difference between New York and Portland! ;D Cheers!

Thanks! I actually celebrate both...U.S. & Canadian Thanksgivings. I have a lot to be thankful for! ;D Cheers!

Click on the thread you want to search, and then use the search bar on the top right hand corner. It will only search the board or thread that you are in. If you want to search the entire board, then click on "Home" and then do a search, and it will go through everything. Cheers!

Heres the deal: The companies story is marketing. The target market is young value investors that are looking for the next buffett. Gad's track record in capital allocation is below average look at his returns. Young buffett had an amazing track record. Track record matters and results matter. Also add questionable ethics in stealing money. Learn from buffet be your own version of buffett. Start a business invest the excess cash in whatever you want property/investments. Use buffetts philosophy to build your own mini brk. What did Gandhi say " be the change in the world". I would say " access your own inner buffett don't look for it you already have it in you". Sorry for the rant. My pet pleeve are young investors marketing themselves as the next coming using IV and buffett terminology. +1! It's not that you can't or won't make money from these guys...but it's what you can live with. Part of me is intrigued by their abilities, brashness and ego, but at the same time, do you really want to partner with them? It's a personal decision. I can say without a doubt, that I've made far more money for my partners since selling our stake in Steak'n Shake, then they would have made if we held on to the stock. So, you can still make money without compromises to your ethics! Cheers!

Not only one of the greatest Canadian businessmen in history, but probably one of the best in the world. He built his empire from scratch. Cheers!

I'll tell you what type of person he is. While I had met him before a couple of times, it was in Omaha 2010, when I actually spent a fare bit of time with him. Mohnish, Guy, Alnesh, Dr. Ajay Desai, myself and a couple of friends were having a very late bite to eat, about 1am or so, at the burger restaurant in Harrah's in Council Bluffs. During all of the discussion, Guy is occasionally taking photographs..nothing unusual. A very charming, affable fellow I found him to be! About two-three weeks later, a package arrives at my desk in my office. It's a photograph Guy took of Alnesh and myself. He had it printed, labelled, framed and shipped over to me for no reason...other than that is his nature. It's on my desk to this day! Cheers!

Nice interview with one of the nicest guys in the industry. Cheers! http://www4.gsb.columbia.edu/filemgr?&file_id=7314104

I think that was a terrific move. I would try and keep the portfolio out of any sort of all or nothing bet (so no 100% BAC), but that's a terrific rate and I would do the exact same thing. Actually, I did! I have a 2.79% 5-year fixed...you can't get anything longer than 10 years in Canada. I wish we had 15 and 30 year mortgages, because I would have locked into multiple rental properties on 30 year fixed rates back in 2009-2010. You guys are fortunate to have had that opportunity...granted it came on the back end of a catastrophe...to the prepared mind or bankbook go the spoils! ;D Cheers!

I think these threads aren't serving any real purpose. There is an ignore feature now, and you have moderation, as well as the ability to report posts. Without turning this into an old Communist prison, I'm not sure what else board members want. You have no spam, no assholes spurting stock tips, and the only thing existing members have to do (including not paying a dime) is tolerate one another with a civil tone. Really, maybe board members are the ones asking too much at this point and you need a reality check on what you have here at your disposal, compared to the dead boards and crap on the Fool.com and Yahoo, or the elitism of Value Investors Club! Cheers!

Way to go Uccmal! Enjoy your new life. I would get the HELOC limit increased now, as if there ever is a crisis, banks won't want to lend at the most opportune time, or will cut back the limit anyway, as they did in 2008. Cheers!

I agree. If you guys are in the U.S. and you can get below 4.5% over 30 years, with the deduction, then friggin' do it! As long as you can afford to maintain that house and pay that mortgage from your investments, let alone any other earned income, it's a no-brainer. Cheers!

Ok, I found a plug-in that works with this version. A tiny bit complicated getting it active, but then it works fine thereafter. If some of you are eager to ignore others, then I don't think you'll mind a tiny bit of work. Two bits of information you will need, as I've activated it from my end, but you will need to activate your own end: You need to enable quick moderation. Profile > Look and layout (select checkboxes). Then when your on unread or unreadrepies page. Check the ones you want to ignore down the right hand side, and click Ignore Selected at the bottom. Please read the instructions at SMF for further details: http://custom.simplemachines.org/mods/index.php?mod=1193 Cheers!

Sorry folks! No good "ignore user" plug-in on Simple Machines that works with this version of SMF. Hopefully, something will be updated or added to the next version. In the meantime, learn to respect others and be civil to one another...whether you like it or not! Cheers!