Parsad

I'm sure both Ericopoly and Uccmal can enlighten you on that period. One retired and one could have retired. Cheers!

IKEA will attempt a $1B Euro entry into the European hotel market, but with no relation to the IKEA brand. It will be a no-frills, friendly hotel. Cheers! http://ca.finance.yahoo.com/news/ikea-eyes-billion-euro-move-093902055.html

That's why Buffett has it on mute all the time until he sees something he wants to listen to. I also can't believe how Andrew Ross Sorkin has been sucked into the CNBC culture. Having him and Joe Kiernan doing interviews together is awful...with Joe always shouting over Sorkin and everyone else. Cheers!

LOL! +1. Cheers!

John Paulson has the equivalent of 44% of his fund's equity assets in gold-related investments. The most since March 2009. Cheers! http://www.bloomberg.com/news/2012-08-15/paulson-steps-up-gold-bet-to-44-of-firm-s-equity-assets.html

Thank God they only make up 1% of the population...and probably an insignificant fraction of that as well! Cheers! http://richkidsofinstagram.tumblr.com/

Article on the GSE's demands for banks to buy back loans. Cheers! http://www.bloomberg.com/news/2012-08-15/freddie-fannie-push-bank-bad-debt-cost-to-84-billion-mortgages.html

Forbes article on Buffett & Berkshire. Cheers1 http://www.forbes.com/sites/martinsosnoff/2012/08/15/buffett-gets-flush-with-cash-then-its-on-to-the-next-one/?partner=yahootix

CNBC had a little slideshow on Buffett's homes. Cheers! http://www.cnbc.com/id/48336350

Yes Bmi, I agree with all of that. I don't agree with the technical analysis and attempts at Zeal to quantify 17-year cycles. This seems to be something that has taken hold of alot of people after Buffett wrote his Fortune article in late 1999. His comment about the previous 17 years and the next 17 years looking very different, seems to have become fodder for alot of value managers as well as technical analysts. They've taken his comments out of context and believe that 17-year cycles exist. Cheers!

No such thing. People love trying to find patterns, even if there are none. What seems like 17 year cycles are just each new generation forgetting what the lessons were from the previous generation. I think that's why I found a great deal of affinity with Buffett & Graham's rational, intellectual framework. It just makes complete sense. Cheers!

Some of the changes are likely due to more cash being handed over to Weschler & Combs. Cheers! http://blogs.wsj.com/deals/2012/08/14/sales-may-show-buffett-handing-off-to-combs-weschler/?mod=yahoo_hs

This is a long-term, expansive bet on India. We'll see alot more stuff being acquired by Fairbridge in the future. Cheers!

Thanks! Good interview. Cheers!

There may be a bear market coming and there may not be, but that article was a load of rubbish! No offense intended, but that was so difficult to read and actually view it with any rational sense. Cheers!

Article on "The Giving Pledge." Cheers! http://www.cnbc.com/id/48590809

Carl Icahn is funding his son's investment fund with $3B. Cheers! http://www.bloomberg.com/news/2012-08-14/carl-icahn-hands-son-brett-3-billion-to-prove-his-mettle.html

He's got about $500M in AUM, and Dataroma only shows $240M, so while he's more concentrated than in the recent past, it isn't as concentrated as Dataroma would have you believe. I'm glad he's gone back to more of the 10X10 structure...more volatile, but it will work better over the long-run. Cheers!

Don't think it will be disruptive, but rather ideas being adapted. You will get better technology, but since it is open source and not patented, everyone will adapt to it and apply it, including the existing for-profit companies. Cheers!

Hey Glenn, Sorry, I was out of the office last week. I'll give you a call Monday. Cheers!

Those numbers are a little skewed as they don't include cash and foreign holdings. I would reduce those percentages by about 45%. So I wonder who he was crediting as the best CEO he owns outside of Buffett & Munger...Aubrey McClendon, Brian Moynihan? Personally, I would say it's Prem Watsa hands down as a leader, businessperson and investor...as well as the charm, charisma and humility of Buffett. Cheers!

They are on the hook, but there is a lot of hassle proving that you did not do anything to expose your personal information. It then also takes a week or two for them to return the funds to your account. Haven't experienced it myself, but a couple of people I know who had their cards fraudulently used said the experience was not fun...although they were both here in Canada. I would assume the protocol in the U.S. is not any different. Cheers!

Maybe tomorrow Byrne will get to the business of running overstock. Have you checked the finanacials for the last two quarters? I bet they are profitable for all four quarters in 2012...and will finish the year with $20M+ in net profits. Cheers!

Will take some time to reduce loan losses, but at the moment, they continue to increase. Cheers! http://www.bloomberg.com/news/2012-08-10/bank-of-ireland-first-half-pretax-loss-more-than-doubles-1-.html?cmpid=yhoo

U.S. government expects five major banks to provide resolution plans, on top of "living wills", to resolve any future financial crisis they may face, as they will not receive any support from the government. Some comments on BAC as well. http://finance.yahoo.com/news/exclusive-u-banks-told-plans-040356130.html;_ylt=AkUCDNGj5dI_BfTIlTABeMuiuYdG;_ylu=X3oDMTQzZTBkNzMxBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwM0OTEyNmVlYi0zNTBhLTNmMDQtYTQyMC0yYjc2ODAwNjk3MDcEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDYjQ2NzI5OTAtZTJhMC0xMWUxLWJmOTUtOWFjMzExYThmNTU5;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 For those investors avoiding U.S. financials, they are making a terrible mistake. These banks will be some of the best capitalized and prepared banks in the world in the last 30 years. Cheers!