valuebull

Here is the video of David Winter's presentation to a class at the University of Western Ontario last month - http://www.bengrahaminvesting.ca/Resources/Video_Presentations/Guest_Speakers/Winters.htm

Here is a link to the video showing Joel Greenblatt being interviewed by Steve Forbes. Joel talks about his book "The Little Book That Beats the Market" and about his "magic formula" approach and how he wants to expand the approach to include financials, utilities, and foreign companies. The video is 22 minutes long. http://www.forbes.com/2010/04/16/greenblatt-formula-markets-intelligent-investing-video.html Here is a link to the transcript: http://www.forbes.com/2010/04/16/formula-s-and-p-500-intelligent-investing-greenblatt.html

TD Ameritrade charged me a " $20 Mandatory Reorganization Fee" in conjunction with the BRKb split. I also have a brokerage account at Charles Schwab that DID NOT charge me a fee for the BRKb split. I would much prefer keeping all my business at Charles Schwab (I love their fees and service), but with my HSA account, in order to have a brokerage account I have to use TD Ameritrade. TD Ameritrade zings me $20 mandatory reorganization fees every chance they get. I recently got cashed out on a stock and the company's proxy statement said the cashing out would most likely be done without fees from my broker, but TD Ameritrade did charge me their "$20 Mandatory Reorganization Fee". I also held that same stock in my Schwab account, and again, Schwab did not charge me any fee.

When in New York City you can visit the location that was filmed as Serpico's Apartment, it is 5-7 Minetta Street, which is near Minetta street & Sixth Avenue…near Washington Square .

I am a big fan of the show Pawn Stars, which airs on the History Channel. The show profiles the Gold and Silver Pawn Shop in Las Vegas, the people are surprisingly likeable and it is kind of like an every man’s “Antiques Roadshow”! I started thinking about why I like the show so much and I realized successfully operating a pawn shop is very similar to successful value investing… MARGIN OF SAFETY – the pawn shop typically buys items for 50% off what they can be sold for. Just like Warren Buffett waiting for a fat pitch, the shop passes on lots of deals where the seller wants top dollar. CIRCLE OF COMPETENCE – the shop is disciplined to make offers only on items within their circle of competence; they have a good Rolodex of experts they call to examine items when an item is outside their circle of competence. The operators of the pawn shop say they like the business because everyday they never know what will walk in the front door. I feel the same way about value investing, particularly since I concentrate on small caps you never know what business will look like a bargain and what business/industry you will be immersed in and learning about. Just like operating a pawn shop, the variety that comes with value investing is appealing. Warren Buffett currently buys great businesses at a discount and keeps them forever, but earlier in his career when he could buy the whole universe of stocks, the pawn shop analogy applies. I can hardly wait for new episodes and see the new adventures for pawn shop employee “Chumlee” and the rest of the crew!

This link has part 3 of the interview (and links to the first 2 parts)... http://www.fool.com/investing/general/2009/11/10/interview-with-alice-schroeder-buffetts-cold-shoul.aspx?source=isesitlnk0000001&mrr=0.11

Howard Buffett (Warren Buffett's son and future Berkshire Hathaway Chairman) is scheduled to be on the 10/16/09 Charlie Rose program. (and if you miss the broadcast, you can watch the episode on Charlie Rose's website) Here is Charlie Rose's description of the 10/16/09 show - The economic recovery, what the government has and has not done, the future regulations and the stock market. We talk to Joe Nocera of The New York Times and Byron Wien, Vice Chairman of Blackstone Advisory Services LP. Then Howard Buffett, Philanthropist and Photographer, shows us some amazing pictures of the human condition around the world.

Fortune Magazine has posted a collection of 11 short videos, where viewers have written in questions for Warren Buffett to answer. What are his thoughts on a China bubble? How to recognize when an investment has gone awry? What are his thoughts on investing in the US versus abroad? Has oil production peaked? Should the Fed start raising rates? How is the Obama administration handling the financial crisis? Does he ever get tired of giving advice? What are the effects of the fall of Lehman? Is a deficit the right thing to do? What is his read on the recession? What is his take on the health care fix? http://money.cnn.com/video/fortune/buffett/

At the Berkshire annual meeting, Warren Buffett recommended reading Jamie Dimon's annual letter to get a good understanding of what caused the financial crisis. On page 14 Jamie Dimon starts Section III, called Fundamental Causes and Contributions to the Financial Crisis. http://files.shareholder.com/downloads/ONE/646462697x0x283417/92060ed3-3393-43a5-a3c1-178390c6eac5/2008_AR_Letter_to_shareholders.pdf

FYI, here is the link to the NY Fed's speech that Warren Buffett praised during his CNBC interview (the NY Fed speech does a good job laying out how we got here, and what is and should be done to fix the problem)... http://www.newyorkfed.org/newsevents/speeches/2009/dud090306.html