Myth465

I think those are even better comparisons. I think you are right on the money. He has owned LUK for quite a while and worked with Bruce Flatt as well. I thought he would use FUR in such a way as well, but I think its too small and he doesnt have enough control. Its also highly focused on realty. Everyone is so focused on float.

I think they mean as a Conglomerate. I would guess its going to be closer to Howard Hughes then Berkshire. My guess is any vanilla stock transactions will happen at FAIRX.

One reason I am comfortable holding so much energy when I think its overvalued is China is buying up resources like no other. They are the marginal consumer so hopefully they know what they are doing.

I hope to god this guy is right. LOL I dont think this time is different, but hope it is. He is on the ground so that goes along way compared to us Arm chair economists.

Humm our dreams are quite different ;D

True. Im probably not the best guy to listen to. I went into the last crisis on margin after 2-3 good rookie years. I want to have excess capital on this next one. I dont know if something massive will happen, I just know there isnt much to get excited about. I would rather hold the cash, though I will likely pickup a few large cap leaps. There have been people who have been doom and gloom since 2008. They have been early or wrong (basically the same). I have ignored them because there were deals which suited me. Now its not much out there...... I will probably only get to 30% cash though.

Bingo. Well said. Very well said, I am raising cash which is something most of you know I dont like to do. At 10% real rates, most Americans will be quite happy having money in the bank earning interest. Hell 6% real rates would be amazing right now. I think after rates rise and stock prices fall insurance will be quite interesting. I am not sure though if there will be inflation or deflation, I do know that outside of large cap tech and a few things here or there - there are few values which is why I am raising cash.

Thanks again.

Parsad I have learned alot from you over the years, and this is how I plan to move into tech, using in the money options at 3% positions. It worked well with WDC, but I wish I bought more. If I may ask, how many positions do you typically hold?

We are in the same boat. Tech stocks are the oil stocks of last year. Im looking at Intel and Microsoft (despite that Skype buy)..... I am quite shocked Linked In doubled, Prem was right, value investing will always work......

I think living somewhere should be totally separated from investing. There are so many variables its hard to quantify. With that said in a typical environment with fairly priced housing I agree with Ericopoly and Buffett (he believes it a highly levered short on the USD, as well as a way to save for the typical person). I think when we discuss investing in housing, we should do so in the non owner occupied space.

The employee also in the US sometimes makes $3-$4 an hour, though I dont think thats the case at SNS.

For me the how and why. Also Bernanke's thinking written in plan English. Also I need to hear things 4-5 times before they really click. I found the paper profound. Congress is focused on cutting because of early indicators / data, and Bernanke's hands are tied. That tells me something, something significant. Also his thesis on DCF matches what I see, when there is a minor blip in the data we get a pullback.....

TX, glad you found it and hopefully it was worth wild. biaggio I am raising cash, and changing my portfolio / strategy. For now trying to update all holdings and sell off all the rift Raff.

More like 4 lol. I think the report is what it is, perhaps our expectations are the issue.

I dont think you are missing much, except for Parsad's post. A decent segment of the population believes that oil is up because of speculation. The recover is very weak, and the mid east is claiming down. If they are right and oil is supposed to be $60 then I wouldnt want to own Canadian Oil Sands. You also have to discount it slightly because they may not perform, and you also have the environmental risks. I think oil will go up gradually and we will see a super spike once the global economy is firing on all cylinders. This would be after the 7 lean years. Right now I dont want oil over $80 or $90, because the economy is rather weak. I havent looked at the new supply side such as shale and sands in detail though. --- With regard to the producers, I am kind of for a tax on profits for the super majors. They were just at the right place and right time, and arent doing anything special to earn the profits they are getting. Its just a wind fall. Exxon is basically liquidating and they arent really using the money to find more oil. We need reinvestment, but these arent the companies pushing technology and doing it inmo. I would structure the tax in a way that excess profits which arent reinvested in finding more oil and gas are taxed at a windfall rate. Thats what I would do in this environment.

How does one get the confidence of Jim Rogers. Right or wrong, he is one confident guy. http://news.bbc.co.uk/2/hi/programmes/hardtalk/9488885.stm You guys bring up good points, I focus on 2 things demand and supply declines. Perhaps I should look at supply increases.

Many of the ones discussed on this board. ;) LOL. I was looking through an intel powerpoint presentation last night. Someone was kind enough to email it to me. The first thing I thought to myself was perhaps I am making this much harder then it seems or needs to be. I need to look at things with the same eye I looked at WDC..... I also listened to a WDC presentation last night, which said the same thing. Tablets are largely additional devices or toys. They arent replacing PCs, and may replace a few laptops when the user has a main desktop. The numbers on the Intel presentation and WDC presentation are mind boggling. Where was this realization when LVLT was $1. Sign.... Also made me feel better about my Primus warrants.

Thanks, I am a big Koo fan.

Geithner really is growing on me. Sure he was part of the team that sank the ship, but I find him well spoken and articulate. He also speaks Mandarin. Call me crazy, but I would have kept him. He comes off extremely well on Charlie Rose. Too bad he is playing the card that the President should.

I think the moral of the story is when it comes to tech listen to Txlaw. TX - Dell is not getting pounded afterhours ;D (I know, growup) and looks to have gotten away judging by how its running. Congrats to you and the FFH team. Which of the other beat up cheap large caps do you like?

HOLY CRAP! You guys have a QUEBEC too??? :o j/k Quebecois, just kidding ;) LOL alot of funny post today.

LOL fair enough.

There is probably fruit, but I think you are a johnny come lately. Anything Chinese that isnt a well known large cap seems to be getting the Chinese discount. Good luck, I cant offer much advice in terms of screening.

Aw politics. When you control the House, Seanate, and White House its called governing not ramming through lol. Most on the left feel the Dems have no ...... Left or right, the Country is being held hostage by a minority which makes no sense. I could go on and on but this isnt the right place and Ritholtz is a much better speaker http://online.wsj.com/video/ritholtz-slow-growth-the-new-normal/3FE9DDA0-153B-4DB9-8794-04C68ED76512.html He also slams so-called" deficit peacocks" who strut their stuff on trimming the budget but don't really tackle the problem. I hope you are enjoying the peacock strut. It does nothing to tackle the real issue, so it gets no respect from me. I also feel its a political miscalculation and Obama should call thier bluff. A shutdown seems cool until checks stop going out, the market tanks by 15%, and all hell breaksloss. Also whats UP with EVERYONE writing POSTS with ALTERNATING, or ALL CAPS. ITS CONSIDERED YELLING IN MOST CIRCLE and thought to be IMPOLITE. ADDING BOLD IS also annoying too.