[Oaktree Capital's Howard Mark's most recent memo titled Ditto]

Saw Howard Marks sold his house in Malibu for $75 million..must be nice..he purchased from the Herbalife founder in 2002 for $31 million

[Look out, Klarman! Watch your back, Dalio!]

http://www.charlotteobserver.com/2013/01/04/3764921/charlotte-student-launches-hedge.html

 

Here's an update on the guys!

 

[2012 Returns]

+42%

 

no leverage, no shorts, concentrated portfolio, i usually hold 6 go 15 positions

 

BAC(stock and warrants), CBRL, GM warrants, and PRXI were my winners

[How Cohen Lost His Weight!]

More Cohen insider trades...

 

http://mobile.bloomberg.com/news/2012-12-17/sac-e-mails-show-steve-conen-consulted-on-key-dell-trade.html?cmpid=yhoo

[Special dividends]

This post should be "who is not paying a special dividend".

 

One company I used to own, CTM Media, plans to pay all of 2013's dividends before the end of this year. I thought that may be a little aggressive but then I saw Seaboard plans to pay the next 4 years worth of dividends before the end of this year.

[2012 Biglari Holdings Letter]

http://www.biglariholdings.com/letters/2012.pdf

 

Cheers!

[Chanticleer dropped by 46%]

Well, at least this was caught early...one of the guys in South Africa

misappropriated approximately $128,000 of cash and paid back $40,000 already.

http://finance.yahoo.com/news/chanticleer-holdings-completes-audit-south-211603250.html

 

 

[Buffett's latest Op-Ed in the NYT on taxes]

Buffett is on Charlie Rose tonight!

[2012 Annual Letter]

I thought the board would enjoy these two letters

 

http://finance.yahoo.com/news/paragon-technologies-chairman-sham-gads-230000308.html

 

 

http://www.trinitybk.com/pdf/investor/Third-Quarter-2012-Shareholder-Letter-with-Press-Release.pdf

 

 

 

[Biglari Takes Stake in Unico-American!]

Welp, no surprise but Biglari lost the proxy battle with CBRL..here is a little coverage of his reaction

 

http://m.bizjournals.com/nashville/blog/2012/11/brush-with-biglari-leads-to-rolled.html?ana=yfcpc&r=full

 

[Amazing Documentary - Baraka]

I haven't watched Baraka yet, but I saw Samsara twice!

 

Freaking awesome, the DVD comes out in January.

[Taxes on the sale of the Titanic Assets]

http://finance.yahoo.com/q?s=prxi

 

Congrats to the folks still long PRXI...the operating business is actually profitable per today's earning release and they announced a non-binding letter of intent to purchase the artifacts for $189 million.

 

Lots of questions though on how the possible sale will be constructed to minimize taxes and how the proceeds will flow to shareholders.

[Taxes on the sale of the Titanic Assets]

http://wap.myfoxny.com/w/main/story/74652679/

 

I would bet this guy put in a bid for the artifacts..he could exhibit them on the Titanic 2!

 

Probably no way that the court would approve something like that though.

[BH fined $850,000]

http://mobile.reuters.com/article/idUSBRE88O0W220120925?irpc=43

 

 

[Hooters Looks to Catch Wife's Eye as Tight Shorts Rule]

I agree Sanjeev..doesn't look good..let's just wait for more info..for now just looks like a minor setback

[Biglari for CBRL board!]

An update from Sardar

 

http://finance.yahoo.com/news/cracker-barrel-makes-faux-offer-233400320.html

 

[BH Now Owns 12.6% of CCA Industries]

Anyone still follow CCA? Looks like their new Nail Gel Perfect product is selling well

 

http://finance.yahoo.com/news/cca-industries-inc-reports-second-202600421.html

 

[Outstanding Investor Digest]

Pretty much the whole thing is about CHK!

[LUK 2012 Annual Meeting Notes]

http://brooklyninvestor.blogspot.com/2012/05/leucadia-national-annual-meeting-notes.html?m=1

 

Corrected the link...sorry about that

[BAC asset sale in Charlotte]

http://www.bizjournals.com/charlotte/blog/real_estate/2012/05/parkway-agrees-to-buy-hearst-tower.html?ana=RSS&s=article_search&utm_source=dlvr.it&utm_medium=twitter

 

One of the tallest buildings in Charlotte.

 

Cheers

[Patagonia]

http://online.wsj.com/article/SB10001424052702303513404577352221465986612.html?mod=googlenews_wsj

 

Great brand, no debt, founder in his 70s,founder never wants company to go public or to lever itself up in search of rapid growth.

 

Small company but would make a nice addition for a Berkshire, markel, or Fairfax..just thinking out loud here...

 

Cheers!

[Premier Exhibitions]

I haven't seen one..why you ask?

[Crain's article on Sears]

http://www.chicagobusiness.com/article/20120421/ISSUE01/304219970?template=mobile

:o

 

Lampert comes off really bad..calling in to conference calls from his yacht in Italy?? Cmon man

[BH meeting questions.]

Some good notes from the meeting

 

http://brooklyninvestor.blogspot.com/2012/04/biglari-holdings-annual-meeting.html?m=1

 

[BH meeting questions.]

I know some of you will get a chuckle from

this.

 

During the meeting, Sardar mentioned that initially the SNS board offered him a higher salary and he told them to reduce the compensation offer. Sardar said he thought SNS could not afford at that time a higher salary for him due to SNS financial condition so he asked for a reduced offer.