EricSchleien

Will let you know. It arrived this week. It's my next book to read.

Congrats! Just pre-ordered your book. Happy to support you (and anyone in our community) however I can. After I read the book (assuming I can stand behind it with integrity which I have no reason to see why I would not), I'd be happy to to promote it on my social media and also write a review on Amazon and Goodreads or any other platform you think would make a difference. I have quite a large following on my Instagram (@lonestarblaze) and my Twitter (@EricSchleien) as well as have an email list of contacts of in the tens of thousands of people so happy to shoot out an email to friends and colleagues as well. Warmly, Eric

Much of my training comes from Japanese culture and have worked with quite a few Japanese Executives over the past 10 years. Have spent quite a bit of time digging into Japanese equities over that time as part of that. Here are a few key distinctions: Treasury Stock Treatment: Japanese companies often include treasury stock in their outstanding share count. In contrast, U.S. companies typically exclude these shares. Treasury stock consists of shares that were once issued and outstanding but were repurchased by the company. Cross-Shareholdings: This is a big one. In Japan, it's common for companies to hold significant stakes in each other. These cross-held shares are sometimes included in the outstanding share count. This practice is less common and treated differently in the U.S. Voting Rights: Japanese companies might distinguish between shares that have voting rights and those that don't, which can affect how they calculate outstanding shares. In the U.S., we often focus more on the total number of shares issued and outstanding, regardless of their voting rights. Hope this clarifies things. If you have any more additional questions about Japanese businesses, etc - don't hesitate to reach out.

Added to my stake in Vistry (UK Homebuilder) and some Venezuela Litigation Claims

Think it's worth going to. I've spent quite a bit of time around management, and have also gotten to know some of their employees as well. I sold most of my position a few years ago but overall their product is very good. My dog, Peanut is covered under Trupanion. I'll probably be at the Q&A again this year. There's a few shorts that have done covered the company quite extensively on Twitter, I'd encourage you to read their work as well in case you wanted to ask some questions about some of those points at the meeting. Happy to chat more in person if you'll be there. Best, Eric

Does anyone remember a well known net-net stock, Lazare Kaplan (LKI)? Stock was halted around 10 years ago over some missing diamonds. Seems like the stock never traded again. Any idea the mechanics behind this? Would shareholders still have some kind of security in their brokerage account?

The issue with this kind of stuff like the majority of low-level self-help out there which Americans have an addiction to, is that knowing this stuff makes literally no difference. The access to getting this stuff is not through the epistemological domain.

Haha yes. And I don't remember.

Sold out of Think Childcare tonight. 100%+ in 4 months. Bought after the company had received two prelim takeover proposals. 2020 was the year of the overbid special situations!

Yeah, he's great! I had certainly pre-judged him as a bit of a righteous asshole and he was literally anything but. Def a more open and approachable demenaor. He even thanked me for being a Berkshire shareholder. The guy truly gets partnership.

Called Charlie Munger's office once and he picked up the phone. We spent nearly an hour talking and he listened to me like what I had to share with him was the most important thing in the world. Lots of questions, lots of curiosity. He understood very complex things rather quickly. I wrote a letter to Warren Buffett and he shared with me about his terrible Texas Holdem Poker skills in his letter back to me. At one annual meeting - I met Bill Gates at a bar. I asked him if he was into sports and he goes "no but my friend owns the Mariners" (there was a Mariners / Twins game in the background). Then I asked him if he owned an iPod. He goes, "no I have a Zune"" LOL!

Sold some more GME 5 and 5.5 Puts

My Account for 2020 +56.68% TWR +66.12% MWR Biggest Winners: Trupanion Liberated Syndication Game Account Network Bragg Gaming Facebook Amazon Conic Metals AerCap SandRidge Mississippian Trust I Manning & Napier Support.com Affymax Myrexis TSR Yowie Wilson Learning Worldwide Clean Seas Tuna Brookfield Property CDR NTT System SA Alaska Communications Think Childcare Link Administration Holdings St. Joe Corp Griffin Industrial Hingham Institution for Savings

Happy New Year CoBF fam Wishing you all creating an amazing 2021. Here to support you all however I can - do not ever hesitate to make any huge requests of me, ever - no matter how unreasonable they may appear. Warmly, Eric

I'm really confused. I thought your "tribal leadership" coaching was transformational and works really quickly. Why don't you just tribally transform them in to a high achieving organization? Wouldn't that be faster and easier? Especially for someone with a lot of coaching experience and little real estate experience? I would be more than happy to put you in touch with Glen Esnard who started the Private Client Group at CBRE who built it from scratch and took it to $100 million in revenue from 0 in 4 years while the rest of the company was in decline. He also was the former head of Colliers International in North America and pretty reputable in the world of commercial real estate. So he's worked with many brokers on just this. I have also attached a case study I wrote up on the CBRE culture story which delves a bit deeper into this. https://www.proxyactivism.com/articles/cb-richard-ellis-amp-tribal-leadership-a-case-study?fbclid=IwAR3eHbgxwiFakZV3uw5_X346S-Wzv8VZg0nmPThPdeLZgSlwupBUEqGuwjE For more general understanding of how this kind of stuff works and how you can't "use" it on someone, I'd recommend three books: 1) Three Laws of Performance by Steve Zaffron 2) Tribal Leadership by John King (full disclosure, John is one of my partners so I am biased because I love that man like he's my own grandfather) 3) Community: The Structure of Belonging by Peter Block Best, Eric