Parsad

Ok, sounds like we have eliminated North America and Asia. That narrows it down to: Africa Antartica Australia Europe South America I think we can probably remove Antartica from that list :) Definitely warmer! I agree, I think you can take Antartica off the list. ;D Cheers!

Boardmember "Indirect", who is better at guessing what Mohnish is doing than anyone else on here, has an educated guess which company it is...and as I've mentioned, you guys are on the wrong continent. Cheers!

I think you guys may all be on the wrong continent! Swing again batter, batter, batter. Cheers!

Which would also include "The Economist". Cheers! http://finance.yahoo.com/news/mayor-bloomberg-weighs-buying-financial-042742356.html;_ylt=ArT1De_KJvO9Fn_KZ3t8IG6iuYdG;_ylu=X3oDMTRwYzA3dXFyBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnAzAyMGNhMjc1LWFjYmEtMzRmOS04NmY4LWE0NTcyOTg2MmFmYgRwb3MDMQRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyA2RjYjM0MzEwLTQyODctMTFlMi05ZGVmLWQwZjc1NzhlMjE1ZQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

According to Reuters, the government is investigating SAC trades in Weight Watcher's...was Stevie Cohen getting inside information from Kirstie Alley? ;D Cheers! http://finance.yahoo.com/news/exclusive-authorities-probe-sac-capital-000004593.html;_ylt=AiIT1fPDvdFoXTvwvHVI2.GiuYdG;_ylu=X3oDMTNyZzJhNGd1BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNWQ0ZTUxZmMtMjRkNS0zNTBjLWI3YjUtNzg4ZDEyYzE0MmNhBHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyA2U2MmNmYzIwLTQwZjEtMTFlMi1iZmY3LWI1ZGZjZWU3ZmNiNQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

November no better for Paulson. Cheers! http://finance.yahoo.com/news/paulsons-hedge-funds-suffer-another-163101441.html;_ylt=Ao0qdI_SXHFpARfqxM7fKTSiuYdG;_ylu=X3oDMTQ4MDgzNGdrBG1pdANDTkJDIFRvcCBTdG9yaWVzBHBrZwNjMWNlNDliMS02ZGU1LTMwNmYtOWVlNi03MmExMjgwYWRmYmYEcG9zAzQEc2VjA01lZGlhQkxpc3RNaXhlZExQQ0FUZW1wBHZlcgNiNGVjZTdjNi00MDhjLTExZTItOGRmNy1hOTMyYzVmYjFiZTM-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

These guys really should not be giving advice on how to buy stocks...yes, yes, they do make our lives a heck of a lot easier with their stupidity! Cheers! http://finance.yahoo.com/blogs/the-exchange/mcdonald-stock-analyst-goes-back-buy-rating-145058610.html;_ylt=AkgYuF2VAz1qkSE4MjbfvryiuYdG;_ylu=X3oDMTRwaXV0MzM2BG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnAzEyMTMzYTYzLTYyZDYtMzViNi1iOGE5LTIwYmVhYmM1MTJlOQRwb3MDNQRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyAzA2YjVhYmQzLTQwOGEtMTFlMi1iYTJmLTI4YjliMmJiOWI3OA--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

According to this Bloomberg article, Wall Street moneymen seem to be waiting to see what happens with SAC and Steve Cohen, as they are interested in buying his art collection. Cheers! http://www.bloomberg.com/news/2012-12-07/sac-s-cohen-art-watched-by-buyers-as-trading-probe-grows.html

Thanks very much for the article Bookie! Cheers!

Shutter them all...culture of corrupt behavior and a bunch of pompous asses! Cheers! http://www.bloomberg.com/news/2012-12-06/diamondback-to-close-down-as-investors-pull-520-million.html

Actually, that could happen to anyone, so I'm relieved with the amount misappropriated and that they caught it. Even Buffett was fooled by Sokol after all the great things Sokol did at Berkshire. I'm still wondering how the heck did head office, including the CFO and audit committee, not realize that the audited numbers provided from South Africa had not actually been audited before filing 2011's 10-K, as well as 1st and 2nd quarter 10-Q's. Didn't anyone at head office actually talk to the South African auditors, even in a cordial call to see how the audit process went, and ask any questions? I expect that internal control issues have already been evaluated and remediated. They are just lucky it wasn't $1M or more that was stolen. Cheers!

Prem won't quit unless something physically or mentally stops him. He loves his family, but lives for Fairfax! Like Buffett, his life's work and ego are completely tied to his company...not to mention his family's fortune. Cheers!

Stumpf says they will ask to return more money to shareholders...again, not sure what markets need to hear. Cheers! http://www.bloomberg.com/news/2012-12-04/wells-fargo-s-stumpf-affirms-plan-to-return-more-capital.html?cmpid=yhoo

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!