formthirteen

http://www.cnbc.com/2016/03/02/ex-chesapeake-ceo-mcclendon-dies-in-car-wreck-day-after-indictment.html

GoodHaven's performance was -17.49% in 2015. 2015 was a difficult year for value investors who invested in highly-leveraged and commodities-related companies. http://www.goodhavenfunds.com/media/pdfs/2015_AR.pdf

Thank you. There is also an interesting story about Sears and a lunch with Charlie Munger that happened in June, 2009:

I try to follow the "the multiplication rule", so I thought a discussion around the concept would be interesting: https://fundooprofessor.wordpress.com/2015/11/28/multiplication/ Warren Buffett: Charlie Munger: Douglas Adams This concept simplifies the investment process. However, as Buffett points out, you should not write off low-probability events with high consequences. I agree that the best way of mitigating risk is buying good businesses: Keep it simple, and be paranoid.