Orchard

Some people are happy that way. I'm perfectly content to sit in my house and look for stock ideas or read...or watch my Canucks...or a football game. You don't have to go bungee-jumping and zip-lining while curing your own artisan meats, and then ride your bike through the streets of Paris to be happy. Sometimes a cup of coffee and a donut is all you need! Cheers! I would put you in my first category then. If you retire early to read books or pick stocks clearly you chose to eliminate your job to have more time for a hobby that improves your life.

I do like this blog. However, the message board seems really sad. A lot of people just want to spend as little money as possible and do as little as possible. Saving money to do something with your life the way MMM does is great. But saving money to just sit in your 4 walls at home and not have to deal with anybody is sad.

When you read Buffett (i.e. more than just the abstract you posted) you'll see that he believes that a nation that lives above its means has to finance the consumption above its production somehow. The way nations do that is abroad through a budget deficit. So the way to get rid of the deficit is to stop living above its means. When you listen to Trump you come to the conclusion that he thinks the two things are not connected to each other and all you have to do is impose tariffs and the deficit goes away.

How do you find your sources and their contact information?

How do you know his fund was highly leveraged?

That was quick. Thank you very much.

In the book "Trade Like Warren Buffett", James Altucher interviews Pabrai and Pabrai gives this answer to one question: "That’s some of the history, but when the fund started, the focus— and, in fact, even my understanding of the Buffett workouts in special situations—wasn’t that great. I think I’d read about it, but I never really grasped onto the power of the model. I think in the fall of 2000, I visited one of the authors, Timothy Rick. I had read his book and noticed he was in Munster, Indiana, which is pretty close, and I just emailed him and said, “If you’d like to get together for lunch someday. . .” The book is full of misspellings and no search comes up with an investing book by an author named "Timothy Rick". I assume it is misspelled. Does anyone know what's being referenced here?

Thanks. I have not contacted them. I am not a shareholder.

Based on the recommendation of board members JEast and LC I have been spending time going through his shareholder letters. He references some letters dated prior to 2002, but unfortunately the Third Ave website only has the letters beginning in 2003. Does anyone know where to get the older ones from? I have read his Value Investing book and Aggressive Conservative Investor. Thanks!

Would be curious to hear from anyone who has used Bloomberg or another platform to see how it compares. http://www.crainsnewyork.com/article/20150519/MEDIA_ENTERTAINMENT/305179986

Keep in mind that while floating rate loans theoretically protect against rising rates, the underlying companies will have to deal with the increased interest expense. A lot of the closed end funds invest in leveraged loans where some companies will go bankrupt once rates rise.

Gamecock-YT - would you be able to share which database you're using?