Myth465

I havent read Security Analysis but have thumbed through it. INMO which isnt worth much considering the first sentence MOS is a much easier read. Also MOS reads extremely well after 1-2 years of investing you go back and are like wow that makes perfect sense. I think the Dhando Investor is one of the better books to read regarding starting in investing.

LOL. I see both ends, Tilson's performance is nothing to write home about, but its by definition better then most isnt it? My guess is there is more to the story, MooreCapital is fairly involved in hitting Tilson.

From where I sit their results and process were both quite good. Based on the book most of the money was made prior to the bet / 2009 (capital one and a few other leap situations), and they were right on the bet despite missing a few details you cant win em all. Also the Cornwall guys, made the best bet of the three (I am working from memory of the book here). We could nit pick anything to death, but in my opinion for 2 kids inmo they did rather well. We cant all aspire to be Prem Watsa or Mike Burry, but I will take what the Cornwall guys accomplished and be pretty happy, but thats just me. ;D

Those guys seemed a bit hasty, or perhaps Lewis simply didn't portray them in a flattering light. Michael Burry was the only character who seemed to think matters through before acting, and he was the only guy who demanded mark-to-market collateralization for the CDSs. Where is the line for hast, I want some of that stuff. I mean making a few hundred million while starting out of a garage with 100k has to show some sort of competence inmo. I found them fascinating and really liked the ways they thought about things. Being young and inexperienced makes anyone look hasty.

Interesting. Thanks for the info.

LOL

I tend to dislike Forbes greatly, but he is right on Europe. I agree with him regarding the benefits that Germany receives from the Euro. http://finance.yahoo.com/blogs/daily-ticker/forget-greece-europe-suffers-banking-crisis-lack-political-151554054.html;_ylt=Aklu3MGgGc5KZULcXVYKK4gp2YdG;_ylu=X3oDMTE1NzRyZGk3BG1pdANEVCBJbmRleARwb3MDMQRzZWMDTWVkaWFCbG9nSW5kZXg-;_ylg=X3oDMTFvcGs0cnBnBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANibG9nBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Damn JSArbitrage, talk about sobering.....

He nailed BP.

The Cornwall capital guys from the Big Short used leaps. I would call them super investors. Honestly I think Leaps are quite popular now because of low rates. Not sure how they were priced before rate went under 4-5%

I enjoyed them actually. Nice to listen to while moving stuff around or folding cloths.

I am guessing he had no choice due to content negotiations. Many companies wanted to get paid for content from Mailing dvds, hard to argue they are separate when they are under the same umbrella.

Thats where I think things will go. There will be a dock setup with a 27 inch monitor, keyboard, additional hdd stroage, and mouse. Aside from that each home might have 1-2 small tablets which could doc in.

I agree. I think this is the future. http://www.asus.com/Eee/Eee_Pad/Eee_Pad_Transformer_TF101/

In that case I agree with Schiller. What I mean is I dont think its a typical recession where we can prime the pump a bit and things get going again. I think Consumers have been burned significantly on both sides (household income, and assets, while debts remain high). They are reducing leverage and wont / cant spend inmo. I think Liberals are making a miss calculation by promising that this will all be solved if we pass another bill. Also with this stimulus also being 50% comprised of tax cuts I dont think it will produce significant results, similar to the last one. It may prevent things from getting much worse, but last time I checked thats still a lousy platform to run on. I am tired of these gimmicky things (temp tax cuts, temp demand type things), and would prefer a real leveraged infrastructure bank (similar to what Gross talked about, with some sort of public private partnership), and direct job creation via projects with low bid contracts. I think more spending without other changes will simple cause the government to have significant financial issues at some point. I would stimulate but also readjust things so it could be done without a deficit as a point of policy. I would like to see the US adapt counter cyclical policies actually. I think Richard Koo is right, but believe the way we are implementing things is not sustainable. Thinking outside of the box and ending the wars and redirecting that money towards something more useful inmo is the way to go. My biggest issue with Obama is he is destroying the liberal and basic economic concepts brand by trying to appease everyone. Stimulus is now a dirty world because it was done incorrectly.

Having read the article I can say that I was wrong. I agree with just about everything Rodriguez wrote except for 1 thing. I believe revenue "enhancements" (who comes up with these words), should be on the table now. His message isnt really political, just honest. I firmly believe this is structural and disagree with liberals who think a bit of stimulus will fix it. ---- I would end the wars and give the army 1/4th of the proceeds for covert action to keep us safe, another 10% to 25% would go to troops for retraining, college, and healthcare (why shaft them). The remaining balance would go to closing the deficit gaps. I would then close the remainder of the gap with half spending and half cuts. In addition to that I would do real healthcare, education, and entitlement reforms. But what do I know.

Thanks for both of these.

1 Investment was BofA. Not much new, but I thought Bruce handled it very well.

http://feedproxy.google.com/~r/trillianmedia/JVWE/~3/PK3C-lxrx_Q/bruce-berkowitz

LOL both parties appear irrational to me. I agree with your last sentence though.

This was in the economist a few months ago. The words dont do the picture justice. Interesting.

Rodriguez inmo is too political. His version of the world is the only one that should exist, and if not we get doom and gloom. Whitman's letter was great, I plan on diving into this one later today. Rodriquez is right about our debt problems though.

Interesting Josh even a 5% increase could be a nice gain. What if China slows though, I guess its why you would keep it small.

LOL reading about your MSFT options makes it hard to argue. I am wonder what its like investing in a bull market. I see why people who went through the depression were scarred for life and had trouble throwing things out and spending money...

Speaking for someone who is 38, you describe it as I remember it. I'm not sure 12 more years (to 50) makes much difference. The world is still cruel to those who aren't born bright and/or don't plan carefully for the future. Damn I hope I am retired at 38, lucky or / and smart man........ Also agree about the world.