zippy1

Mark Palmer@ BTIG actually sent out a note yesterday about this. BTIG seems to think the Jones Day event is a "business developemtn" event at best.

I got this email today from OID. They are relaunching!

Major semiconductor foundry in Taiwan that is working on 28HP devices ? Hmm ! Wonder who could that be ? You might as well have given us the name of your company and customers ! :D ( Don't worry though, it is public knowledge and you are not violating confidentiality agreements) Anyway , glad to see the another industry insider here. :) It was a mission that I am proud to have done as it made company quite some money. My involvement indeed is public.

I am surprised and happy to see so many boardmembers here are in the semiconductor industry. I, myself, am a so called "device" manager for a major semiconductor foundry. The last assignment that I had is to develop their 28HP and 28HPM devices. I led about 25 device engineers to built the transistors for these technologies and interlocked with customers to make sure they could use these transistors successfully. Like infinitee00 said, semiconductor industry is a very large and diverse industry. Somehow, I have never felt comfortable investing in any companies in this industry as I am acutely aware of how ignorant I am about the business side of things. On the other hand, my job also essentially precludes me from investing in semiconductor companies.

I just couldn't believe this. The man gave his fortune away when he died and now everyone is setting some high standard saying he has not done enough or well enough. I would love to know how much Mr. Salmon himself has given to charity over the years :(

Secondary markets support primary markets as a whole, but that doesn't mean that a great capital allocator is adding societal value! They are very different statements. Strongly disagree. Success in the secondary markets provides the true north signal for those in the primary markets to align their interests with what benefits society most. Even bubbles may play a role in jump starting the economy to focus on something that is an emense benefit to society. :) I couldn't say it better.

well said!

Fareastwarriors, thanks a lot. best regards, Zippy

I am thinking about buying some for my father in law, who is from Taiwan and a non-resident alien. I am wondering whether anyone on this board is in similar situation. Do anyone know how the dividend is taxed. Will the dividend be tax-exempt or taxed at 30%?

Wow, EV/EBIDTA=2.44 and P?B~0.5 How did it become so cheap?

Congratulatioins! Packer! :)

As a long term holder of Fairfax, I am surprised that a disappointed arbitrager is complaining that our company did not bail him out. I would have thought the term "risk arbitarge" does mean that "risk" is involved. ??? If BBRY is over valued, then Prem is acting for his shareholder interest to not to over bid. We should all respect him for doing that. On the onther hand, if BBRY is undervalued, you should thank Prem for giving you a good opportunity to keep the shares, no?

Yes. or you can try this one, which is a reprint of the 1980 one. http://www.amazon.com/Money-Masters-John-Train/dp/0887306381/ref=sr_1_2?s=books&ie=UTF8&qid=1370904417&sr=1-2

Look for the version published in 1984. It is on John Train's page on Amazon.

Dear Sanjeev, Congratulations! Seven years! Seven very fruitful years! best regards, Zippy

--John P. Hussman giofranchi I couldn't agree more! RIP Alan.

The little blue characters on white background sign actually says "get it up and never rest!" :-[

Surely, you jest, Oddball. :) But what you said reminds me of a Walter Schloss interview done by OID in either late 80s or early 90s. It was mentioned that the interview took the whole afternoon. The phone rang once during the interview. While picking up the phone, Schloss commented, "It must be my wife. I wonder why she calls." It turned out to be caller who had a wrong number. :)

I don't understand using a probability. Here is what I do with a specific example. This morning I wrote 67.5 strike March 16 puts on NOV. I wrote them for $61 a contract. My commission per contract worked out to be $0.39. So I cleared $60.61 per contract. So if I get put to I have to pay $6,750-$60.61 = $6,689.39 per hundred shares. Note I use IB and there is no commission on purchases when I am put to. So my "annual return" is ($60.61/$6,689.39)*100*(365/4) = 82.68% Shouldn't it be (1+$60.61/$6689.39)^(365/4)-1=127%?

Moore has been a great contributor for the forum and I have certainly learned a lot from him. Unlike many of us here who manage money for our private accounts, he actually manages quite a large sum for people. The boundary condition that he has to operate under is different from private investors'. No need to go overboard here....

Parsad, Really need to thank you for starting this board! This is the place I learned the most about investing and about learning to invest. ;D

From Alison Frankel. http://newsandinsight.thomsonreuters.com/Legal/News/2013/02_-_February/S_P_s_sham_First_Amendment_defense_against_state_AG_cases/ This time may be different in that the rating agency may have to change how they charge people.

If you know what you're doing, you can start a software company in the US and do the labour arbitrage between US and some BRIC country. You can simply connect American companies to cheaper offshore labour and collect the arbitrage (which can be significant). I am sure the above is true. Look at this guy's story, this guy outsourced his own job! http://www.npr.org/blogs/thetwo-way/2013/01/16/169528579/outsourced-employee-sends-own-job-to-china-surfs-web

Thank you for posting such a wonderful interview!

So do you mean by the number of positions or do you mean by portfolio weighting?