OracleofCarolina

Yep, seems like he totally changed his style over the past 10 years..i remember way back when he did very well on WFC, then scored again with BAC. Surprised more shareholders haven’t left considering his performance over the past 10 years.

https://moiglobal.com/phil-ordway-airlines/ This might help you out.

interesting tidbit...sheesh, Chou and Berkowitz reaklly took it on the chin by sticking with SHLD Sears Holdings In hindsight, our initial assessment of Sears Holdings being worth more than $50 per share a few years ago was most likely too optimistic. This is taking into consideration that we received in excess of $23 per share in distributions from various spin-offs and right offerings, which we later sold in the market. In 2017, we initiated a stock lending program where the Fund received interest on the shares lent. For Sears Holdings, the total security lending interest we received for the year was about $7.25 million or about $6.41 per share, all in U.S. dollars. This shows how heavily shorted the common shares of Sears Holdings have been. For the six-month period ending on June 30, 2018, the total security lending interest received was $483,596 or about $0.43 per share, all in U.S. dollars. In spite of the interest income earned from security lending, plus the approximately $23 per share received in distributions from various spin-offs and rights offerings, it has not been a good investment.

anyone know what SEC rule has the brokers acting bonkers? Mine changed earlier this year and only allows stocks trading on NYSE or NASDAQ and before that I could buy anything OTC.

If I was a betting man, I would bet sumzero got it wrong.

Did Pabrai change his fees ?? Pretty sure he has said in the past he takes 25% after a 6% annualized hurdle

looks like the link works if you cut and paste, but you can not click on it

I admire his candor and appreciate his honesty. Tilson was just on the ValueTalks podcast giving a little more depth to his decision to close his fund and start his new business. Kind of reinforces how difficult managing money in a partnership can be with the lack of permanent capital and overhead. Tilson was a rockstar student at the best schools, great mentors, great writer, and a great network of like-minded investors. Yet, he underperformed the S&P 500. Most people are not going to have an edge in the market and the wisest move is probably indexing the S&P 500 . Ed Thorp reinforced this in his most recent interview in Barron's this week and for most of us , it is just our ego holding us back from doing this.

Whose better...Spider-Man or Superman?

2017 annual report is out. Once again, Chou is waiving the fees since the fund has underperformed its benchmark. Cheers!

PRDGF Very optimistic on the future returns though!

party poopers!

Just glanced at the returns for Chou Opportunity and Fairholme...jeez...they are going to need some monster returns against the SP 500 in the future

Congrats!

Bless his heart!

AWH and IMKTA

http://pgntgroup.com/wp-content/uploads/2017/05/Letter-to-Shareholders.pdf anyone still following this company?

GILD

First the Fat Boys break up, now this! It's a cruel world!

Yep..what Greg said

Sheesh..bless his heart!

-5% avg annual returns for the past 10 years...ouch!

http://chouamerica.com/index.html Annual report is out for Chou America fund. Disappointing run so far for Chou Opportunity fund since inception(7/1/10), Chou 4.35%, S&P 500 15.15

I have no freaking clue..hope this helps.

What did you see to go all in on BH?