Parsad

Not sure if he meant to do it, or it was just a Freudian slip, but Jonathan Heller's (a shareholder in BH) article title seems apropro! Notice the spelling of Sardar's last name. Cheers! http://finance.yahoo.com/news/More-Controversy-for-tsmp-1930634001.html?x=0&.v=1

Tell it like it is Dazel! ;D Sanjeev...I too would like to see Vancouver win..however, you are short on the backend and it makes Luongo look bad sometimes...but you need more horses on D! You know, we had the best defensive core of any team, and now four of our top seven are hurt. - #1 Defenceman - Edler...out with surgery...maybe back for the playoffs. - #2 Defencemen - Hamhuis...concussion...day to day, but could be weeks like Crosby. - #6 Defencemen - Ballard...out with MCL sprain...could be weeks. - #7 Defencemen - Alberts...went down yesterday with a broken wrist...long-term, maybe playoffs. - Lea Sweatt...rookie call-up is out with a broken foot The only fortunate thing is that our #3 (Salo) is back, and our #4 (Erhoff) & #5 (Bieksa) are still ok. We've had to call up another minor leaguer so we can have five defencemen tonight against Minnesota! Cheers!

Yup, thanks you are correct. Cheers!

The 13G/A shows 3,672,822 in common stock ownership. The 13-F shows 3,388,774 of common stock. Value, I don't see any notation that some of the convertibles are included in the 13G/A. Cheers!

Looks like they've added another 300,000 shares of Overstock.com. Cheers! http://www.sec.gov/Archives/edgar/data/915191/000095012311013863/o68572bsc13gza.htm

The constant whining drives me crazy. Compare him to Gretzky, Lemieux, Yzerman or Messier if you want, but the last thing any one of those guys is, is a whiner. Do any of you guys remember what the atmosphere was like, when all those mentioned above were young, except for Messier? - Gretzky was called as big a whiner as Crosby is today, and Cherry used to make fun of him all the time because Semenko and McSorley had to fight for him. Today, he's the greatest player ever to play, and virtually everyone, including Cherry, hold him in the highest esteem. - Lemieux was a class-A a-hole when he was younger. People thought his attitude was atrocious. It wasn't until he became a bit older that this whole love-affair with Lemieux began...especially after he was diagnosed with Hodgkins, and later in life when he became a statesman for the game. - And the guy that most people consider the greatest captain in hockey history...Yzerman...was considered a perennial loser. I can remember how so many in the media used to say that he had all the skill in the world, but couldn't win anything. Guess what? He not only won three Stanley Cups, he won the last one with only one leg functioning and broken ribs, while carrying the team on his back. It will be the same way for Crosby. He's almost guaranteed to a be Hall-of-Famer, and he's on pace barring injury to surpass Messier's points total if he stays healthy. At the very least he'll be up there with Sakic and Yzerman. Call him whiner if you want now...in ten years you'll be calling him one of the greatest players ever. Cheers!

Guys, please stop being dicks to one another, otherwise somebody is going to have to go. Cheers!

I won't comment anymore - since there are a lot of Canadians here I just wanted to stir the pot. You East Coast guys are such muckrakers! I'm glad Cooke, Pronger and Avery are all over there. By the way, we've pulled away from Detroit and are slowly pulling away from Philly. Our top three defencemen are all hurt, and we still have the best goals for/against differential by a country mile! Canucks to take the cup baby! 40 years of frustration will be wiped away in a few months. Cheers!

Anyone want to take a stab at why they hold so many insignificant stakes in so many companies? They buy through their various subs, so some portfolios are signficantly smaller than others. That small position, may actually be fairly significant within the subs portfolio. Also, some positions are testing the waters and nibbling, but the price may never have gotten to a point where they loaded up. Cheers!

Ahh, the warm fuzzy feeling of confirmation bias. It would be if we actually bought some, but we never did. We didn't understand it well enough...thus never touched it. Cheers!

Yeah, he turned, but the player hit him in the head with his shoulder when he was vulnerable. I believe in big hockey hits, but not when the puck is nowhere near the player, and not when they are vulnerable. You throw a big open ice hit when the guy is trying to skate through the other team...fine. You hit shoulder to shoulder on the boards...fine. But hits when the player is facing the glass, rushing to tag the icing, away from the play...nope! Look at the hit by Getzlaf on Hamhuis last week, and Hamhuis was completely knocked out. I don't think that was a bad hit...it was more of an accident as Hamhuis turned...and I'm a Vancouver fan. But cheapshots to the head, especially on the star players...it's bad for the game! And yes, guys like Cooke have to go, or get rid of the instigator penalty so players can patrol and control the cheap shot artists. I think guys like Cooke, Pronger, etc...they should have to fight after a dirty hit. Cheers!

Here is Fairfax's recent 13F: http://www.sec.gov/Archives/edgar/data/915191/000095012311013427/o68556ae13fvhr.txt Just like Sam said at last year's AGM. They really like Sandridge and loaded up big time. Cheers!

Hey, you guys watch your mouth about Sid the Kid! No one has done more in the NHL in less time since Gretzky and Lemieux. The guy is a winner, has won everything already, and will win a whole lot more with his work ethic and humility. If he didn't receive the headshot in mid-ice during the Winter Classic, he'd be 20 points or more ahead of Stamkos, as well as the Sedins who are my guys. I don't think Lemieux was talking only about the Islander players...he's talking about his own guys as well. It was a freakshow! There should have been more suspensions. And yes, I agree that no one is going to support Lemieux when the biggest cheap shot artist (Matt Cooke) is on his payroll. But Bettman is an idiot, who caters to the 13 East Coast governnors that get everything they want. He'll let a team drown in a city just to prove a point, while underserved cities that could support a profitable team get ignored. Cheers!

With the passing of Peter Cundill, some of you may enjoy reading Christopher Risso-Gill's book. Thanks Mark for sending me the link! Cheers! http://www.chapters.indigo.ca/books/Theres-Always-Something-Do-Peter-Christopher-Risso-Gill/9780773538634-item.html?ikwid=cundill&ikwsec=Home&cookieCheck=1

Hmmm, seems like exactly the type of partner/shareholder any long-term value manager or CEO would like to have. Good letter, but I don't expect any reversal in decision. Cheers!

Bloomberg article on Buffett's comments regarding "too big to fail" institutions. Cheers! http://journalstar.com/business/local/article_7030eaa4-3bb6-5986-94b4-fd8a4b21acff.html

Paul, I think value investors these days have too many articles and too many investment managers around. Only 1% of managers beat the indices by 3% of more over the long-run, so there aren't that many that can beat the market period. Maida's clients are probably investors who cannot handle significant volatility, are closer to retirement age, and would rather invest with a manager who provides a modest advantage but with minimal risk. That's rare! For example, look at Mark Sellers...nice guy, good investor, has killer numbers for a few years and then boom...puts the whole thing in Contango and closes his fund. There are a number of value investors like this...many would have closed their funds if world governments did not stimulate aggressively and boost asset prices. They just would not have been able to continue to manage money when they were 50% below their high watermark. It's just fortunate for many that the market recovered so rapidly. Investors are spoiled today...most think they are geniuses after this run-up...yet I remember that very few at the bottom in February 2009 were buying aggressively or even buying at all. Cheers!

You should see how nuts it is in the commodities and resource sector. It's like the internet bubble! A friggin' joke! You want an easy way to make money right now in Vancouver? Start a junior exploration company in gold or rare elements, get Canaccord or somebody to underwrite it, issue a bunch of options to yourself, your executives, family and friends, and then sit back! You don't even have to have a real mineral property. Just throw a couple of geologists onto your board and pay a few thousand dollars to some idiotic newsletter writer. In the meantime, you can blow some of the capital raised in financing on management fees, consulting fees, travel, promotion and stock option expenses. Perhaps, you can blow 80% of the raised financing on those things, and spend less than 10% in exploration like many juniors do! And don't worry, once you're down to your last $100K, just go back to one of the underwriters here and they'll do a reverse split for you and re-underwrite the whole thing all over again. Hey, it's all part of the cost of doing business when you're in resource exploration! Cheers!

Vito worked for Hamblin-Watsa previously. He's a superb investor! Read the articles enclosed with this post. People have very short memories when markets start to move up. Today investors can do no wrong and everywhere you look there is one genius fund manager after another. They are willing to accept lesser premiums for increased risk...Maida doesn't invest that way. Cheers!

Fantastic, engrossing article by Michael Lewis for Vanity Fair on Ireland's economic woes. Thanks to David for sending me the link! Cheers! http://www.vanityfair.com/business/features/2011/03/michael-lewis-ireland-201103?currentPage=all

Here are the charge and arrest sheets for the two hedge fund managers charged recently. Some interesting stuff in there. Also, guess whose favorite FBI Agent is leading the charge...B.J. Kang once again! Go get'em BJ. Cheers!

Nowhere is this more true than in the invasion and occupation of Iraq/Afghanistan. The whole world watches in stunned disbelief, as America bankrupts herself in this criminal stupidity. Hey I said the same thing years ago on the Motley Fool BRK Board before the actual invasion, and I was pretty much lynched. How many lives have been lost? Both military and Iraqi/Afghani civilians. Yet, the son of a bitch who started the whole thing is hiding out somewhere in a cave, and no one has found him yet. I would much rather have seen hit squads sent out to assassinate Al Qaeda operatives (think Mossad), rather than invade Iraq. Cheers!

The irony in the whole story is that Biglari ousted Friendly CEO for misappropriating shareholder money for airplanes, vacations and such. Now he is doing the same. The difference is that he is doing it with shareholder approval. This is not fact, but stuff that is being said at the moment. Shareholders at the AGM may want to ask about the validity of such comments, or if the company is actually leasing/renting corporate jets and who is flying on the company tab. Cheers!

You're probably correct, but passivity can sometimes allow guys like Hitler to run amok! Cheers!

If the shareholders don't kick Biglari out, he will end up completely controlling BH and SNS. Would be very, very difficult unless you get Gabelli on your side. I think you could get enough votes if a legitimate large shareholder ran a proxy fight against him before he increases his ownership. But that window is closing quickly as he adds more shares and voting classes. It's already too late for this year's AGM, so that gives him a year to increase his ownership or do something to make shareholders forget. Although, shareholders and franchisees attending could certainly make it an interesting meeting by asking hard questions. I feel sorry for the franchisees...in one way he saved their bacon by turning the company around, and then now he's running it like a dictatorship and alienating many of them. Maybe the way to the CEO is to ask the directors the hard questions and ask them to be accountable. It might force them to pressure Sardar to reflect on many of his decisions. Cheers!