Parsad

For the most part you are right of course Cardboard, but at the same time, remember there are certain investments we will not be able to buy and Fairfax can buy at very cheap prices...small private, quality insurers, private non-insurance companies, and even interesting deals in preferreds, debt, etc. that we would not be offered. Cheers!

Yeah, I'm at my niece's graduation ceremony and I keep checking to see what is happening...but nothing has shown up yet! Maybe Ballmer is taking a nap. Geez! Cheers!

The "Shark" took a beating. ;D Cheers! http://www.cnbc.com/id/47859685

Bank of America looks to be selling their overseas wealth management business to Julius Baer. Cheers! http://www.cnbc.com/id/47861131

Interesting article on the composition of moon dust brought back by the Apollo crew. Cheers! http://www.time.com/time/health/article/0,8599,2117143,00.html?hpt=hp_t2#ixzz1y94MVxVc

NY Times article on Stan Lipsey at the Buffalo News. Cheers! http://www.nytimes.com/2012/06/18/business/media/newspaper-work-with-warren-buffett-as-the-boss.html?_r=1&ref=business

Timeless quotes! Cheers!

I didn't think his views were off-basis one way or the other. You could argue the politics either way as far as the Fed pumping up the economy or not...we've never really been down this road in recent history, so you are going to have people on both sides. His comments about securities are about right, but he made it clear also that he no longer digs around for individual securities, so there may be opportunities that his screens aren't picking up. Basically, he thinks plenty of macroeconomic risks, along with unusually high profit margins, warrant caution. He's dealing with billions, not millions, so it's a different universe. Cheers!

Looks like the magic number was $1.2B. Cheers! http://www.bloomberg.com/news/2012-06-15/microsoft-said-to-agree-to-acquire-yammer-for-1-2-billion.html

Yeah, why's that frickin' guy even working there? Him and Sorkin arguing was a pain to listen to, as well as every time they interrupted Gerstner. Cheers!

Good stuff! It was the first increase in quarterly sales in years...and he goes and blows some of the company profits on a vacation. Cheers!

Let's just hope it's attractive, and not a plasticky, clunky box like Google's cell phone was when it tried to take on the iPhone. If you build it, build it right...that's what Jobs was great at...don't put out a product unless it is finished! Cheers!

Yeah, the battery would be an issue. But they could make the screen black, but when you flip to camera mode, it goes clear for the photograph. They have the technology to do that today, but hiding the battery and circuitry would be difficult around the rest of the phone. But they will do it one day! Heck, if you watch even the newer Star Trek's with Picard, their communicators were bigger than phones today, so technology has come a long way in a decade. Cheers!

Great post! And of course I agree. If you find stuff that is cheap, you should always buy regardless of what the headlines are blaring. We had lots of cash, but we've bought a few things in the last couple of weeks. We bought something trading near its net cash today and have orders out on something else below its net cash. Even if the world is apparently blowing up in some parts of the world, how can you not buy something at net cash when you are getting the business for free? You can't! Cheers!

Europe's second largest retailer is selling its stake in Greece. Cheers! http://www.cnbc.com/id/47826330

The standard answer is more sellers than buyers! ;D But more likely people moving from less risky investments to more risky investments. It'll go the other way next week if the news from the vote is bad. Cheers!

Very good article on Ireland and Spain. Cheers! http://www.bloomberg.com/news/2012-06-14/irish-tell-spain-to-imagine-the-worst-in-banking-bailout.html

This Tulsa teenager created a mock iPhone 5 video, with a couple of features Apple probably should really implement! http://games.yahoo.com/blogs/plugged-in/teen-iphone-5-concept-video-sets-high-bar-173947667.html Also, I couldn't help post this video of this teenager recovering from wisdom tooth surgery. His Mom and sister have now probably officially ruined his high school life! Very funny! Cheers! http://news.yahoo.com/blogs/sideshow/chaddy-wisdom-dentist-video-161101569.html

Thanks Racemize! Cheers!

Hopefully, Balmer doesn't come running on stage jumping up and down, yelling "Whooo!" over and over! Or better yet, maybe he'll come out on stage like Tim Cook and channel Steve Jobs. Did you guys see him during his presentation? You'd swear it was Job's older brother. Cheers!

Actually another thing I learned today, which I wasn't aware of...maybe some of you Apple users can confirm this. But a friend's young son, who plays alot of video games on his computer (first shooter type), said that many of those games aren't available for Apple...only PC, Xbox, etc. Is that true? Cheers!

I looked up a couple of these managers. Why is it that so many close, simply to open another fund the next year or down the road? Is it because they will not receive any incentive fees until they recoup their high watermark? For example, JCAM's James Caird is closed his $1.2B fund in 2011 after being down 8.9%, only to open a $500M replacement in 2012! http://www.insidermonkey.com/blog/ex-moore-trader-leslie-to-close-jcam-global-launch-new-fund-9345/#more-9345 Interesting article on Bacon and Moore Capital. I did a Google Search to come up with the article, but the website is about what I expected for the hedge fund industry to come up with. Sheesh! What is it with hedge fund guys? Cheers! http://www.hedgeho.com/hot-gossip/hedge-fund/louis-bacon-backed-hedge-fund-salute-capital-said-to-liquidate/

Bloomberg article on hedge fund managers that have liquidated due to the market turmoil. http://www.bloomberg.com/news/2012-06-14/sinclair-to-liquidate-hedge-fund-after-lacking-edge.html Moore, did you know any of the ex-Moore Capital traders who closed shop? Don't know if any were Canadian. Cheers!

He's a permabear, so take it with a grain of salt, but the basic premise of his argument is correct...you cannot have an economic union (single currency) without a political and fiscal union! Cheers! http://www.cnbc.com/id/47809834

Politicians with investments in Berkshire. Cheers! http://www.bloomberg.com/news/2012-06-14/buffett-attracts-investments-by-republicans-bashing-his-tax-rule.html