Parsad

Actually, if I'm not mistaken, Eric has said that he doesn't have original ideas, but simply identifies the most compelling ideas that others have come up with. Apparently, good ideas that are posted under the General category apparently won't make the cut, and shorts or stocks with downsides that are posted under investments would muddy the water. Nevertheless, the results should be interesting. That's my point. People always come up with an idea, but what do you do with that idea? How many would have sold BAC when it hit $5, rather than buy BAC at that price? I think the tool has no way of indicating results based on the actual most opportune time to purchase, and instead simply shows when and whom germinated the idea. That in itself is fascinating, but I think undermines what the true goal is...to get a real gauge for investment ability and execution. It's why Eric's results are stratospheric...combine his leverage/concentration with his ability to buy at the most pessimistic of times...you get extraordinary results. If the tool could somehow record the number of posts by an individual relative to the historic prices and then weight that relative to the future outcome of the investment, that may provide a more accurate gauge. I'm sure that is a hell of a lot more complicated...but I wouldn't want investors suddenly weighting their investments based on the tool as is...I think they may find the end result different than what the historical numbers may indicate...as there is no weighting for conviction and temperament. Cheers!

Cute article by this young fellow! I'm jealous, as he had a 15 years head start on me, and I'm sure on many of you as well. Good luck to him! Cheers! http://www.theglobeandmail.com/globe-investor/how-a-15-year-old-became-an-avid-warren-buffett-fan/article14005611/

Very neat idea...I like it! But I don't think it's accurate other than the germination of ideas. If you go simply by the rankings, Ericopoly has made zero contributions and mine would be Chanticleer! ;D Maybe some tweaks...number of posts in a specific thread gets some weighting relative to the stock price at that point in time, since most people would not have held on to their BAC or especially BAC warrants without Eric's analysis and comments. Otherwise the results indicate that Eric is perhaps the greatest coat-tail investor in history...which is not accurate at all. Cheers!

Candid comments about OSTK, which may be applied to Fairfax's purchase of BBRY, as well as rational comments about estimating market valuations using artificially depressed discount rates. Cheers! http://www.choufunds.com/pdf/Semi-AR13.pdf

Many more years of compounding Warren! Cheers!

No, you have to be aware of ERISA around investing IRA assets in a partnership. Basically, 25% of the fund assets, excluding GP's interests and GP principal's LP interests, have to be excluded from that calculation. So, you cannot start a fund with your own IRA, otherwise you could be deemed to be a benefit plan and that changes everything. There may be other ways around it, but I do not know of it, so probably consult a tax/fund specialist. Cheers!

...the massive inefficiency's size and persistence is directly related to the size and persistence of the market "mis"-structure which causes it. This massive inefficiency is also called the "inflated ego" syndrome. It occurs when parents tell their children over and over again, how wonderful, brilliant and amazing they are, when they have no God-given or accumulated talent, and they then sell the world snake oil to prove they are wonderful, brilliant and amazing just like their parents told them they were! It persists both on Wall Street and Main Street. The only known cure is the lobotomization of the parents before they have children. Which explains why the world is full of assholes, since it is such a drastic preventative step! ;D The depth of the inefficiency can be seen in the amount of unwarranted fees collected by charlatans, crackpots, crooks and swines that swindle the naive, indoctrinated masses through books, trading programs, real estate infomercials and just plain Ponzi schemes. Cheers!

Please don't post the article here. It's a copyright issue. Thanks and cheers!

Bottom guy is not him. Cheers!

That was my recollection. I dont think he was ever banned. No, he was never banned. He left on his own accord because you minions had no way of grasping his ginormous intellect. You fools! You could have had his trading secrets for free...now it will cost you just under 200 bucks! Although, if he could sell his book for $200, what do you think someone with an actual successful and astonishing record like Eric could sell his for? Twacowfca, you guys better sign Eric up now...he has no idea what he's worth yet. Cheers!

And for those of you thinking I'm cracking up because he wrote a book...you're wrong. I'm cracking up because only he would think of a title like that and then price it where he's priced it! I still can't stop laughing...I'm going to have to walk away from the computer for a few minutes and watch a replay of Miley Cyrus at the VMA's last night. That should stop me from laughing! Cheers!

Somebody please stop me...I'm dying here! :'( After I post this, sales will go up! Cheers! http://www.amazon.com/gp/product/B00DBT66MI

Article about Muriel Siebert, and how she built her firm. Cheers! http://finance.yahoo.com/news/first-woman-member-nyse-siebert-dies-80-003028069.html

While many people admire Mohnish for his success with the Pabrai Funds, I admire him (and wife Harina of course) far more for what they are doing with their non-profit Dakshana. I'm a proud supporter and proponent of their work there, and I highly recommend reading the 2012 Annual Report. If anyone is involved with a not-for-profit enterprise, there are plenty of lessons that could be learned or applied to your operation. I find it more insightful, from both an economic and social standpoint, than anything you will ever read in a hedge fund annual report! Cheers! http://www.dakshana.org/AR12.pdf

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!