AzCactus

Id be interested to know any of his positions because it looks like the fund is beating the market by 20% or so this year.

Good for her. She's changing the world for the better :)

I know that Berkshire is pretty large now so outperforming the S&P might be tough, but not quite this tough. If you look at a 5 year graph, Berkshire has under-performed by a cumulative 20% over that time frame. I'm not sure if this means something or nothing, but it was interesting to me.

What exactly is that quote describing ?

I honestly have an issue with a company charging fees when they are 80% in cash. That's kinda crazy. They should prorate the amount they charge based on how much cash they have once they get over a certain %.

How much do they charge?

thanks for posting. any idea of his long term track record?

Thanks---looking forward to reading it.

I am not sure if anyone else follows Dave Ramsey at all or more specifically his retirement rules. He basically says that one should expect a 12% return from the market and plan for a withdrawal rate of 8%. I find both of these numbers too high by about 4%. Am I missing something here or is Ramsey just being a bit aggressive? David

I completely agree with Scott---discuss anything and everything means just that. The other issue is quite simple and was stated before---if a topic does not interest you do not click on it. This is pretty basic stuff. If you are hungry and walk down the street and see a restaurant called "Greasy Pizza," its probably a pass if you are on a diet.

RIP.

DavidVY---Care to enlighten us?

Love: Under Armour Hate: Costco-nothing labeled and basically any internet/tv providers.

Based on what I know you guys in California could use a little rain.

If this is how he chooses to spend his own money I wonder how he would spend money belonging to the general public.

A better way to show that information would be showing the % of actual portfolio.

I doubt he'd disagree with you that there are exceptions. I think his point is that majority of companies are borrowing money to buy back expensive shares. When downturn comes they might be hit with double whammy: stock drops but they don't have money to buy back cheap shares and they have to pay interest on debt. +1 Clearly some companies maybe borrowing prudently. By and large however, these companies are acting irresponsibly and will face consequences down the road. My guess is 2-3 years.

Not to stray too far from the article, but really happiness is what you make of it. So someone could potentially have no money, lousy health and a dim future and still be happier than someone who has money, good health and a bright future. Obviously, a good mental attitude and knowing what really matters are important facets. I would say the BIG issue comes when people in their 20's (I'm 26) feel like they are entitled to certain things just because they have a 4 year degree and a decent job. I don't think someone driving a Tesla is happier than someone driving a Honda for that reason alone.

Pabrai added tons of Posco now about 13% of assets as well as WL Ross Holdings which now are about 4% of assets while substantially reducing his Citigroup position. Additionally, he completed sold his Berkshire and BAC positions. Link Below: http://www.dataroma.com/m/m_activity.php?m=PI&typ=a

"What goes up must come down" ---Newton

It's an interesting situation. My feeling is that if the QB involved was average and the team wasn't great this would be no big deal. I think that the four games is a bit much, but I think there are some politics with Roger Goodell and Bob Kraft known to be friends. Nonetheless, I agree with most---the product of the NFL is not what it used to be.

Thanks for posting...Some good stuff. I would still want to know more about Zinc and what his thesis is moving forward.

Thanks Jurgis. I was unaware that there was already some chatter about this.

Click on the url below: http://money.cnn.com/2015/05/07/investing/dan-loeb-slams-warren-buffett/ My own two cents: I think Loeb has a good point in that Buffett says one thing and commonly does something different. The way he seems to slam activist investing is a good example. ANy other thoughts out there?

And of course after Greenspan's comments the dot-com bubble promptly burst...four years later. That was one of the implications in my comment. ;) Then six years later the Nasdaq was actually cheaper than where it was when initially made that comment.