WayWardCloud

I hear you guys on the vehicle energy efficiency comparison but I'm also thinking if you use trains you still need a truck to carry merchandise from the factory to the train and then another one at arrival from the train-yard to the destination. I imagine there are additional costs involved in moving cargo on and off trains and trucks. If those are big enough could it make sense to skip the whole "train" step even at higher cost per mile driven just to save the hassle of loading and unloading? it's a question I've been asking myself in regards to Berkshire's investments in railroads.

I'm intrigued too and I wish Munger would reveal what companies he's invested in. Actually, it sounds more like it's a fund ("I respected the man who was going to do the investing"). JD.com trades 4 times lower than Amazon.com on a price/sales basis. Not that the two companies are exactly the same but it gives you a point of comparison. I believe Buffet owns some BYD, which is a car manufacturer, and that stock has been lumpy for a while you might want to look into it. Baidu/Google might be another pair, although I hear Baidu's search engine is not nearly as good as Google's.

Added big to GCI Liberty (GLIBA) today 12.8% > 20.3% and to Liberty SiriusXM (LSXMA) 5.6% > 8.7% Go Malone, Go!

The closest thing to a market place I remember caring about as a kid was the used video game exchange program at a store equivalent to Gamestop. I remember realizing how rigged it was because I had to bring in 3 or 4 used games to get just one in exchange... So maybe some kind of trade like that but using Craigslist, Facebook or Ebay to trade with other kids? For example, they could buy a big bundle (someone getting rid of everything at once : their gaming system + all their games + the controllers, whatever) then resell each element separately. It takes work and patience to collapse the "holding discount" (deferred gratification) and if let's says they manage to recover their initial investment and still have a couple games left afterwards, essentially getting them for "free", I bet that would feel pretty good to an 8 years old.

Reduced Liberty Global by a third Increased JD.com, General Motors and Liberty SiriusXM a bit each Really wanted to add to Liberty GCI and Tessenderlo as well but already had big positions 21.9 JD 20.5 *secret* 14.1 GLIBA 11.3 LBTYK 9.0 TESB 7.1 GM 6.1 LILA 5.2 LSXMA 4.4 PEY