Parsad

I always thought they had both a 13" and 15" Macbook Air. They don't have a 15" one? Cheers!

I thought I would just see what expectations were like and how people reacted to the first product presentation apres the Steve Jobs era. I thought they made standard improvements, but nothing gamechanging, and this is unfortunately what I think life will be like after Jobs. Just no one to dream and push the team to almost unimagineable levels. Cheers!

I don't think natural gas has bottomed yet. It will go even lower. There is just so much production and money being put into fracking. I thought it had bottomed a couple of years ago and I was wrong. Sometimes things get extraordinarily cheap and I think the players in this industry are going to get hit as their hedges come off. Usually the analysts are optimistic as you start to get cheaper and cheaper, and then some of them start throwing in the towel when they find they were wrong...that's when you know to buy. Right now people think it is cheap, but it will probably get cheaper. Cheers!

Looking a little better than last week. Cheers! http://www.bloomberg.com/news/2012-03-08/north-american-rail-freight-carloads-for-march-3-table-.html?cmpid=yhoo

We haven't bought anything yet, but I've been digging around trying to find out what is the best way to take advantage of this. The actual natural gas companies haven't been discounted enough...hopefully they will soon as their hedges run out. Cheers!

Excellent article on Li-Ka Shing. Cheers! http://www.theglobeandmail.com/globe-investor/investment-ideas/where-asias-richest-man-is-putting-his-money-now/article2361681/page1/

Probably for Kirk Cameron as well! ;D Cheers!

Not sure if this was posted before, but Prem is getting an honorary law degree from the Richard Ivey School of Business on April 4th! Congratulations Prem! Does this mean you are now Chairman, CEO and chief legal counsel for Fairfax? ;D http://communications.uwo.ca/western_news/stories/2012/February/watsa_to_receive_honorary_degree.html Thanks to our director Andrew Cooke for sending me the link! Cheers!

Mohnish presented for Dr. George Athanassakos class on February 15th. You are going to have to crank up the volume, as it is hard to hear. George, we have to find you a better way to record the Skype presentations! ;D Cheers! http://www.bengrahaminvesting.ca/Resources/Video_Presentations/Guest_Speakers/2012/Pabrai_2012.htm

First Glenn Beck, now Limbaugh! ;D Cheers! http://finance.yahoo.com/blogs/daily-ticker/rush-limbaugh-controversy-12-companies-counting-pull-ads-164335691.html;_ylt=AoimWVbroZ8shkh5CPCcq4aiuYdG;_ylu=X3oDMTQ0cTQwYWRiBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDNzYxMmYyMDItZGE4OC0zYjhlLTg1OTAtYjk0ZThhNDVkNTUwBHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzhlY2Y3YTIwLTY3YmMtMTFlMS1iZmFmLTMxYWFkNDU0ZWI3Ng--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

They are getting older and there is a limited amount of time. Much of the same questions the journalists ask are the same ones asked in the shareholder meeting. He's also on CNBC so much and doing other interviews...is there really anything we don't know about Buffett and Berkshire? When I go to Omaha, it is non-stop from Friday to Monday morning with maybe 5 hours of sleep a night, and I'm exhausted by the time I fly back and my throat is raw from all the talking. So I can only imagine what an 82 year old and 88 year old feel like, and they do a hell of a lot more over those three days. Cheers!

Hi Alekbaylee, That's funny! I've forwarded the link and information to Fairfax. Cheers!

Roughly 10% of outstanding loans! Cheers! http://www.bloomberg.com/news/2012-03-05/student-loan-delinquency-reached-85-billion-in-third-quarter.html

Article on the stress tests. Results will be out next Friday I believe. Cheers! http://finance.yahoo.com/news/lenders-stress-over-test-results-.html;_ylt=AuDv5aWmfcXmV8LuLs0g7SWiuYdG;_ylu=X3oDMTQ0NmE1MG9xBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDNmJhYjE0MDItZDc4Yi0zMzRhLWE3MzEtZTM2YmEwOTMyZGZmBHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzk4MDQxYjMwLTY2ZTctMTFlMS1iYmVhLTNlNTc2NzJiZmY5NA--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

This time it's a few of our run-off subs fighting against tort claims by "paralyzed kids", while the subs donated to lobbyists and political parties. I really think corporations should not be allowed to donate to political campaigns or these lobbyists. While they may pay tax, they are entities, not actual individuals or citizens. Fight it in the courts, not with your income statements! Cheers! http://www.bloomberg.com/news/2012-03-05/paralyzed-kids-employ-florida-lobbyists-with-millions-at-stake.html?cmpid=yhoo

No, not at all. http://www.investorplace.com/2012/02/suncor-su-continues-to-profit-from-oil-sands-energy-stocks-to-buy/ Cheers!

Excellent article on natural gas: http://www.cnbc.com/id/46606934?__source=yahoo|headline|quote|text|&par=yahoo Combine the oil sands in Canada with natural gas production in the U.S., and I suspect those questions of how will the United States feed its energy needs over the next 50 years are put to an end. We haven't even touched on wind, solar, liquid metal batteries or nuclear energy. Cheers!

A face only a mother could love...or happy BAC shareholders like myself! Absolutely love this guy. He's somehow managed to turn the Titanic around. Now if Brian Burke could only do the same with the Toronto Maple Leafs, Ontario might have something to cheer about! ;D Cheers! http://www.reuters.com/article/2012/03/01/us-bankofamerica-idUSTRE8201G620120301

Article on how the U.S. government believes Hank Greenberg's suit should be rejected. I would agree! Cheers! http://www.bloomberg.com/news/2012-03-02/greenberg-s-25-billion-aig-claim-must-be-dismissed-u-s-says.html

Biglari decided that he wanted more of the pie for himself, and he took it. This unquestionably leaves a smaller percentage of the pie for other owners. The question is now whether he will make the pie bigger than it would have been had he not enacted the compensation agreement (and in turn leave other owners better off on an absolute basis). I think any intelligent and rational individual should stop at the end of the first sentence above, and then ask him or herself..."Does anything else he does matter after this point?" The answer is obvious, but many seem too beholden to the possibility they may enrich themselves alongside him. The fatted pig who walked the path with the chicken and the wolf was laughing after the wolf ate the chicken. Unfortunately he was too busy laughing to realize he was next! Cheers!

Looking average. Cheers! http://www.bloomberg.com/news/2012-03-01/north-american-rail-freight-carloads-for-feb-25-table-.html?cmpid=yhoo

I agree. I checked the duration of their bond portfolio yesterday over the last couple of years, and found it unusual as well, relative to their comments about interest rates. Maybe they are hedging their bets! ;D Cheers!

We don't get those wide swings in the price anymore usually, because for the last three years or so, I always eat lunch at my desk. Yesterday it was left over stir fry from the night before...nothing unusual...just spicy! Cheers!

Always a good read, and one of the best insurers in the business. Their views, not unlike Buffett's, seem to contradict Prem's views. Markel expects interest rates to rise...not a question of if, but when. Cheers! http://phx.corporate-ir.net/phoenix.zhtml?c=104364&p=irol-reportsAnnual

Article on Buffett and BNSF. Cheers! http://www.bloomberg.com/news/2012-03-01/buffett-poised-to-win-wager-on-america-with-burlington-freight.html?cmpid=yhoo