[Networth of board members]

Some conjecture was that the board contains mostly high networth individuals

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I would think that there are very few janitors and busboys reading this board.

[Pabrai Funds Up 112%+ YTD!]

bookmark this Ticker Spy site and you can roughly follow PIF investments day to day. The stocks are always a little out of date (from last quarter), but it's probably pretty close .

 

http://www.tickerspy.com/member.php?mid=-1173334&pid=-1&refer=1921Y2

[Buffett and Hooters]

Marlin,

If you are going after all these years, then I will go too. I have a feeling that this may be the last year that WEB and CM will be together alone onstage. Of course, I hope that this is not true..but it might be.

[Buffett article in this month's Atlantic]

Actually I thought that article was one of the better articles I've read on Buffett and value investing. Maybe I was just noticing an issue that I feel is the most important reason WEB is a successful investor. Value investing, almost by definition, can be accomplished by using a formula...similiar to Greenblat's Magic Formula. Academic studies have shown that this method performs slightly better than just picking random stocks (which is like the returns from a total market index fund). However TRUE value investing is having accumulated so much knowledge over years, which includes reading everything in the news, every companys' annual reports, 10k's, 10q's, reading industry specific literature, knowing managers personally, and in general using a latticework of mental models...in order to actually be able to KNOW when a stock is truly undervalued. This of course is way, way, more compicated than sinply using a value formula.

 

Anyways, there was a whiff of this concept in the article. That's why I liked it.

[FFH.TO vs FFH]

Hi all,

 

I am posting this mainly to see how this new board works. Thanks for your efforts Parsad. Anyway, I was wondering if most US Fairfax holders buy FFH or a combination of FFH and FFH.TO. There seems to be an annoying divergence in price lately. Did anyone calculate whether this is purely due to  the $US/$CAN exchange rate, or is FFH.TO selling at a premium (like BRK.A sometines selling at a larger premium to 30 BRK.B's)