Voodooking

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 :)

Yeah, that guy Joe always really annoys me!!! You could tell Becky was thinking "WTF?!" too when he was dribbling on about Twitter and tweets etc. You've got an opportunity to ask one of the cleverest, most experienced, knowledgeable and interesting people you'll ever meet about almost anything, and he wastes it trying to make jokes and drone on about things that aren't even funny or relevant to the man in question. Ask your 15 year-old nephew about Twitter ...ask W.E.B. about companies, the economy, investing, philanthropy etc. Please!

I was impressed to see him still appearing to be sharp as a tack. I was a bit worried as I'd seen a video on YouTube of him a few weeks ago and he seemed slightly forgetful and I was upset at the thought of him failing mentally, but today's appearance on CNBC calmed my fears.

I know that Warren has a LOT of respect for Bezos, and both him and Charlie hold him in high regard. I'm sure Warren said that Bezos was the best businessman of his generation, or the last two decades, or some other sort of high praise like that. It will be interesting to see what comes of it. Living in the UK with our free National Health Service, it paints a huge contrast to healthcare in the USA. I love the US, but healthcare for the less fortunate isn't one of its strong points.

You're probably right about Guy. It was a couple of years ago actually that he said he'd never filed one and that's where they must have got his information from his report. He did say that he was going to start filing them though. So I guess there might be a few quarters on record now with the SEC.

Buffett and Munger have both spoken out on Bitcoin. Both have been very negative about it, and described it as a bubble with no intrinsic measure of value to back it up. Both said they would avoid and wouldn't even waste any time thinking about it. Munger also expressed concern that even though 'Bitcoinists' have said there are a finite amount of them, there is nothing to stop someone creating more in the future. Also, not to do it because "even if it works, it's a bad thing because it will lead you to believe in it and lose money next time..." I completely agree with them both on Bitcoin / crypto currency. On Tesla, to my knowledge, Buffett has never spoken publically about the company. Munger has said that (I paraphrase): "I think Musk is a genius, and I don't use that term lightly! However, I'm always wary of someone who's IQ is 140 and they think it's 180. I'd rather it was 140 and they think it's 130, and act accordingly". Personally, I think Musk is such an incredible visionary, and people like him don't come along very often in a generation. I think he's done a fantastic job in his aim to accelerate the transition to sustainable energy production and consumption, and even though I know it's complete (rational) speculation, I am happy to have invested in Tesla.