ccplz

Warren is a top class hypocrite.

Seems like everyone is reading books about business (which I guess should be expected on a board like this). A few of my favorite books are about investing (Margin of Safety, The Most Important Thing etc.), but I generally find books about business to be a waste of time. I prefer to read about history and politics. Currently working through Roman Revolution by Ronald Syme. Interesting insight into the personalities during the last 50 years of the Roman Republic, as well as human nature in general.

You forgot Valeant's Mike Pearson. Oh wait...

Complete and utter waste of time. The true value of a brand name MBA (i.e. the brand and connections/network) can be obtained through other means.

Bill Ackman [On asking Richard Rainwater if he thought it was a stupid idea for him to start his own fund right after graduating.]: He said to me, ‘You don’t have to be old to be right.’

Bought Apple (AAPL) at 102.. low risk decent reward at this price. Biogen (BIIB) also looking cheaper.

Asset lite businesses that have high ROIC and minimal capex requirements typically have lower book values as well.

Who is this guy? Why do we care about his holdings?

Because noone's ever invested in special situations before, nor value indexing ::)

Jim Chanos on Exxon

http://dealbook.nytimes.com/2015/02/12/ackman-and-dalio-two-hedge-fund-titans-size-each-other-up/ Seemed like an interesting talk.