Voodooking

As a fortunate consequence of having neither vast amounts of personal wealth, nor a phenomenally successful professional investment career, I am left in the favourable position of having no real limitation on the market cap of stocks I can consider. However, I am aware that there are costs involved in running a company and maintaining a listing on any stock exchange. My question is, what should be my cut-off on the lower end as to whether the company is too small to viably sustain itself? Do I only look at stocks with a market cap of $25m USD and upwards? Is that silly, should I also be looking at $5m to $25m USD market caps? Is a company with a market cap of $4.7m USD for example too small to reasonably make enough money to comfortably cover its ongoing admin and listing costs for the next 10 years? I'd be interested to hear your thoughts...

Updated to add another photo of a second bookcase.

Very well spotted gfp, I'm impressed. Looks close enough for me. Any suggestions on the others?

I'd like to identify all of these books so that I can add them to my library. I've worked out some, but hopefully if we work as a team we can create a comprehensive list. Bookcase One LHS - Shelf 1 ? LHS - Shelf 2 ? LHS - Shelf 3 Harvard Classics: The Five Foot Shelf of Books - printed by P. F. Collier & Son LHS - Shelf 4 Go East, Young Man: The Early Years, The Autobiography of William O. Douglas - by William O. Douglas Eugene Meyer - by Merlo John Pusey The Great American Newspaper: The Rise and Fall of The Village Voice - by Kevin Michael McAuliffe An Inheritance...? - by (Author unknown) Planck: Driven by Vision, Broken by War - by Brandon Brown Capital: The Story of Long-Term Investment Excellence - by Charles D. Ellis Will Rogers: His Life and Times - by Richard M. Ketchum Einstein - by (unidentified author) I Never Wanted to be Vice-president of Anything!: Investigative Biography of Nelson Rockefeller - by Michael S Kramer & Sam Roberts David Sarnoff: A Biography - by Eugene Lyons The Washington Post: The First 100 Years - by Chalmers M. Roberts LHS - Shelf 5 Robert F. Kennedy: The Myth and The Man - by Victor Lasky The Vanderbilts And Their Fortunes - by Edwin P. Hoyt LHS - Shelf 6 John D. Rockefeller: William O. Inglis Interviews - by William O. Inglis (blue binder, multiple volumes) On The Origin of Species - by Charles Darwin Poor Richard's Almanack - by Benjamin Franklin Mark Twain's Letters (5 Volumes) - by Mark Twain RHS - Shelf 1 The Failure of The "New Economics" - by Henry Hazlitt Letter to the Alumni - by John Hersey Bring Me a Unicorn: Diaries and Letters of Anne Morrow Lindbergh - 1922-1928 Copey of Harvard: A Man Who Became a Legend During His Lifetime - by J. Donald Adams RHS - Shelf 2 The Works of William Makepeace Thackeray (10 volume set) Familiar Quotations - by John Bartlett RHS - Shelf 3 Harvard Classics: The Five Foot Shelf of Books - printed by P. F. Collier & Son RHS - Shelf 4 Bryan: A Political Biography of William Jennings Brian - by Louis W. Koenig (Putnam) Woodrow Wilson - by H.W. Brands Franklin of Philadelphia - by Edmond Wright Great Short Biographies of The World - by Barratt H. Clark Einstein: His Life and Universe - by Walter Isaacson The Intimate Life of Alexander Hamilton - by Allan McLane Hamilton The Life and Letters of Walter H. Page (Volumes 1 & 2) - by Burton J. Hendrick RHS - Shelf 5 Benjamin Franklin - by Edmund S. Morgan Life of Lincoln (publisher to be confirmed) Seeking Wisdom - From Darwin to Munger - by Peter Bevelin The Collected Works of Abraham Lincoln (9 volume set) Influence: The Psychology of Persuasion - by Robert Cialdini Pocket 'World in Figures' book - Year unidentified RHS - Shelf 6 The Last Lion: Winston Spencer Churchill - by William Manchester John D. Rockefeller: William O. Inglis Interviews - by William O. Inglis (blue binder, multiple volumes) The Federalist Papers...? The Letters of Samuel Johnson: Volumes 1 to 5 Bookcase Two Shelf 1 (both sides, L to R) Plain Talk by Ken Iverson Ice Age: The Theory That Came In From The Cold - by John Gribbin & Mary Gribbin Shelf 2 (both sides, L to R) The Second World War - by John Keegan The Better Angels of Our Nature - by Steven Pinker The Wizard and the Prophet - by Charles C. Mann Herbert Hoover: A Public Life - by David Burner How We Got to Now - by Steven Johnson Coolidge - by Amity Shlaes A History of Mathematics by Carl Boyer and Uta Merzbach Ivan Pavlov Ivan Pavlov: A Russian Life in Science - by Daniel P. Todes The Everything Store by Brad Stone Tesla – Inventor of the Electrical Age - by W. Bernard Carlson Shelf 3 (both sides, L to R) The Whiz Kids: The Founding Fathers of American Business - And the Legacy They Left Us - by John A. Byrne The Bully Pulpit - by Doris Kearns Goodwin Carnegie - by Peter Krass Henry J Kaiser by Mark S. Foster A History of the Massachusetts General Hospital Climate Shock by Gernot Wagner and Martin L. Weitzman Hot Seat by Jeff Immelt The Perfectionists: How Precision Engineers Created the Modern World - by Simon Winchester Shelf 4 (both sides, L to R) A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market - by Edward O. Thorp The Wit and Wisdom of Lee Kuan Yew - by Lee Kuan Yew Wills of the US Presidents by Herbert Ridgeway Collins and David B. Weaver Alistair Cooke's America The Man Who Solved the Market by Gregory Zuckerman Pre-Suasion by Robert B. Cialdini Shores of Knowledge by Joyce Appleby The Battle of Bretton Woods by Benn Steil Modern Times by Paul Johnson

Is there any way that we can watch the videos played to the audience before the morning and / or afternoon sessions? I have always wondered if these were only licensed for one-time use during the events, or if there is any way we can see them without being at the meeting. I live on the other side of the world, and at this point in my life it is not practical for me to travel to the meeting, but I always enjoy watching the whole sessions on CNBC / YouTube very much each year.

I use an ad-blocker on all sites I visit (and YouTube), so ads are no problem for me at all. I prefer the free model. As other users have stated, we need new blood and a reasonably low barrier to entry to encourage people to join, and sporadically return to, our site. I will mention though that I do not like the new site appearance nearly as much as the old one. It just seems cold, plain, with quite a lot of wasted space on the page. I do like the fact that each page contains more posts though, so I can just scroll instead of seeing a few posts, then having to click onto the next page. That's an improvement.

Apple MacBook Pro (probably 16") I bought mine in 2012-ish (it's the first of the retina display ones) and it still works just as quickly as the day I bought it 8 years ago. NO Windows machine would do that. They are expensive, but when I had to use Windows laptops for work they would be quick at first, then bog down and be almost un-usable after 2 or 3 years. Not so with a Mac. I use it plugged into a Dell 34" widescreen monitor and DasKeyboard at home, and use it as a laptop when travelling. I love it. All the office software works on Mac now too, so no issues there. You might be able to save a decent amount by looking for a sealed, boxed one still in the cellophane on eBay. I do that with my iPhones too (value never dies!) Good luck

1. RA Capital - Peter Kolchinsky 2. Baker Bros 3. Himalaya Capital - Li Lu

I know that this is an alien concept to a lot of my friends, who live month to month with little or no savings behind them. Many people are completely confused by the concept that people who are not "rich" could pay for things without having a job. Most people seem to view the stock market as 'gambling' or a 'get rich quick' scam because they haven't had any interest in learning about financial matters in general. I thought that there must be a few other people on this board who are in the same situation. How do you guys approach it?

Tenneco close to Munger's purchase price. Anyone looking at it? Interesting idea. I just pulled up the long term stock chart on Tenneco and over the decades it probably traded at an average of $30 per share, give or take. However in 2001 it dropped to $1, and then rose back up to $30, then in 2009 it fell to $1 again, before rising to $60 at points, then over the last two or three years it has fallen to around $2 again. Have you looked at the valuation or fundamentals yet? I haven't had time to dig into it. Are the reasons that it's cheap this time different from the past couple of drops?

I bought some EHIC today. Interesting Merger Arb situation with 20% spread, due to close by the end of the month.

It is Ajit's son who unfortunately suffers from these health issues... I heard him discuss it in an interview.

Mary Buffett / David Clark's one is very simplified and mostly a regurgitation of what you could read in Buffett's letters / Security Analysis. But it is explained concisely and is short, so can be read in under an hour..,

I was searching for 'required reading' lists from Oxford, Cambridge, Harvard and all the other Ivy League universities, when I came across this amazing tool. What a great idea to make this accessible to all the people who didn't have the opportunity to attend these institutions, it's nice to see things like this becoming available. :) You can search all the major institutions and get a breakdown of their most popular required reading, and also break it down with various other filters. If you want some background info, use this link: https://opensyllabusproject.org/ If you just want to get into the lists and search for institutions, subjects etc., this is the one for you: http://explorer.opensyllabusproject.org/

BABA - 5% position.

Steve Jobs: The Exclusive Biography by Walter Isaacson The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance All three of them have made a difference to my outlook on life and investing.

CHTR & LBRDA :)

Interesting. Would you mind sharing a couple of the resources someone might use to find out this information? Feel free to PM if you'd rather not publicize them.

It is a shame that there isn't a way, as far as I'm aware, to track 13F style filings in European countries.

Time to buy some Sberbank??? :P ;D

An acquaintance was kind enough to share this with me, and I thought it might be of interest to others on here. 'Big Walt' was one hell of a guy. Lots to learn from him. https://www.walterschloss.com/?__s=mknswy1vqizqftsnn85q

So for a few months now, I've been gathering some information on the favourite books of my favourite people. This started out life as a short note copied and pasted from the internet, detailing Warren Buffett's favourite books. As I added to it over time, and included the book choices of other people I admire and respect, I realised that I was going to require some sort of grading system to see which books were recommended most frequently and with this I would be able to approach the books in a logical way, beginning with the most valuable and popular titles, while still ensuring that I didn't lose track of the less popular recommendations. This has now grown into a fairly large database and I thought that the readers on here would probably be able to get some benefit from sharing this within the forum. I hope you enjoy the list and hope you find it useful. Master_Book_List_CoBF_Copy_-_11-04-18.xlsx

I would happily pay $2,999,999 for it NOT to include J. Zweig....!!! I always, always buy ebooks, but for TII I searched for an old original copy without any "filler".

Sizable chunk of TWX

This is great news! I can't wait to see / hear them. I'm sure they'll end up on YouTube eventually... my commute is about to get a lot more educational :)