Parsad

Netjets is adding to the fleet! Cheers! http://www.bloomberg.com/news/2012-06-11/buffett-adds-cessna-bombardier-planes-in-9-6-billion-deal-1-.html

Article on Berkshire. Cheers! http://www.bloomberg.com/news/2012-06-11/buffett-s-berkshire-seeks-to-buy-rescap-s-mortgage-unit.html

He could have had a few slides on there related to his presentation or something. He goes on CNBC all the time now and has his own slides to show during this interviews. It looks like a netbook, not a normal sized laptop. Cheers!

Yeah, it's him. It's from the Microsoft CEO Summit two years ago. Jeff Bezos was there as well. Check the three photographs below with the one originally posted...same tie, jacket, haircut, etc. Cheers! http://news.cnet.com/2300-13860_3-10003505-3.html http://www.kingdom.com.sa/en/MC_PR_NewsDetails.asp?p=3&ID=538 http://www.seattlepi.com/news/slideshow/Microsoft-CEO-Summit-2010-6620.php#photo-769293

Not sure if you are kidding or not, but if you aren't, compare the nose, ears, and glasses here: http://www.inquisitr.com/wp-content/2011/07/Warren-Buffett.jpeg The shape of the glasses in the photo where he's holding the computer makes me think that that photo might have been squeeze horizontally, which makes buffet looks like he has a narrower head. But it's definitely him. Marlin knows Warren really well Liberty...he's teasing you! ;D The Yellow BRK'ers, including Marlin, used to take a cake to his office on his birthday every year, and Buffett used to show up to their parties all the time. That's where I first met Buffett and had my picture taken with him. Cheers!

Yeah, I think Liberty is correct. Definitely not a Macbook. Does look like Asus or Acer. Cheers!

Eurobonds are a necessity if they plan on keeping the Union together. This would be very good news. Cheers!

Wow, a new record...$3.456M! Cheers! http://www.ebay.com/itm/Warren-Buffett-Power-Lunch-8-benefit-GLIDE-/290720763853?clk_rvr_id=351027505159&viewandbid=290720763853&VER=single&POS=viewandbid

Over $500K now with 7 hours to go! Cheers! http://www.ebay.com/itm/Warren-Buffett-Power-Lunch-8-benefit-GLIDE-/290720763853?clk_rvr_id=351027505159&viewandbid=290720763853&VER=single&POS=viewandbid

LOL! That's why I'm saying to get your bid in now and get some free publicity. Next year, the lunch may go for less than $100K and no one will care! ;D Cheers! I think we should auction off a burger with Parsad Cost you only $10 and I'll get Alnesh to take a photograph too! ;D Cheers!

LOL! That's why I'm saying to get your bid in now and get some free publicity. Next year, the lunch may go for less than $100K and no one will care! ;D Cheers!

I'm sure the bids will eventually climb to well over a million, but if any young aspiring money managers are interested in some free publicity, you might want to make a bid. You'll probably get a number of media outlets calling you for a quote! Cheers! http://www.ebay.com/itm/Warren-Buffett-Power-Lunch-8-benefit-GLIDE-/290720763853?clk_rvr_id=351027505159&viewandbid=290720763853&VER=single&POS=viewandbid

A CNBC reporter spends the day with Buffett's bodyguard, Dan Clark, at his security company. Cheers! http://www.cnbc.com/id/47605253

Yes, it does. I believe he will and does encourage future graduates to return 10% of their earnings or that is the idea. Cheers!

They will settle in both cases. None of the parties want to risk walking away with little to show or nothing, so they will settle on mutual terms at some point. It's a game of chicken, and eventually someone always gives in a little. Cheers!

Is it Nick Snyder...from Morris Snyder Management? If so, yes I know Nick quite well. He's come to our Fairfax dinner for the last couple of years. Very nice guy! Cheers!

You see maybe my weekend rant achieved something :P You psyched me out! ;D Cheers!

Is Eddie buying Berkowitz's brother-in-law's house next door to his? ;D Let's just hope Berkowitz remains flying solo, because I think he's best on his own. Although a strategic partnership around SHLD would be a good idea. Cheers!

Another great article on Mohnish and his Dakshana Foundation! Cheers! http://www.forbes.com/sites/halahtouryalai/2012/06/06/turning-slumdogs-into-millionaires-one-hedge-fund-managers-quest/

We took all of our BAC puts off on Monday...up 144%! ;D Cheers!

Very good parable! Cheers!

You could take most of the cash out, if they were within Fairfax and had access to a $50M line of credit. As well, if they eliminated the direct business altogether...have no friggin' clue for years now why they are even in this business...and you would have a company that cycles through their inventory about 38-40 times a year. Margins are better in the affiliate business, with no inventory risk as their purchasing is not very good on the direct side. If they just stuck to the affiliate business, kept expenses tight with none of this legal expense, they would be profitable every quarter (except the third as they ramp up G&A/Technology for the big 4th quarter), and could run the business solely on internal cash flow and if necessary the line of credit...and that would be on slim margins of about 1.5-2% net. Cheers! I could also see Prem and Francis doing a straight debt deal to buy in stock as was suggested. OSTK basically has no debt at the moment. Prem and Francis have been recent holders of OSTK debt. If they did a straight debt deal they could put a chunk of money to work at reasonable rates. (Say even $60M at 9%). It costs about $5.4M annually. The cash gets used to buy in stock of which both Prem/Francis amung the largest holders. The buyback concentrates a larger piece of the pie into their hands, raises the stock price significantly given the high short interest, puts $60M more to work in a safer part the capital structure at a reasonable rate. Everybody wins! Yup, that works too, but I have a hard time seeing Byrne agree to a 9% yield. He probably would be looking at 7.5% at best, otherwise something like this would have been done by now. It would just make sense, and I think it hasn't happened because Fairfax probably wants a higher yield for the investment risk than Byrne is willing to pay. Cheers!

They had live tweets at this site. Nothing terribly unusual, but a couple of funny quotes. Cheers! http://www.washingtonpost.com/blogs/capital-business/post/live-tweets-warren-buffetts-speech-to-the-economic-club-of-washington/2012/06/05/gJQAR0MeGV_blog.html

...Unless Europe Causes It! Warren has hedged his comments. Cheers! http://www.bloomberg.com/news/2012-06-06/buffett-sees-no-u-s-recession-unless-europe-causes-it.html?cmpid=yhoo

It's a big investment for Larry Sarbit as well. He discussed it in some detail at the presentation I went to a few months ago here in Vancouver. He mentioned something about looking at other items outside of movie rental and coins, but didn't elaborate on exactly what. Cheers!