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OracleofCarolina

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    Best (book) introduction to Buffett and/or business

    in General Discussion

    Posted

    http://www.amazon.com/Buffett-American-Capitalist-Roger-Lowenstein/dp/067941584X/ref=tmm_hrd_title_0?_encoding=UTF8&sr=&qid=

     

    I 2nd the Lowenstein recommendation, but buy the hardback, you can get for 50 cents plus the $4 shipping on Amazon and maybe follow up with The Dhando Investor by Pabrai. That will give a good start and can continue with Buffett's letters or Tap Dancing to Work.

     

    Cheers,

     

    Jason

    Francis Chou: Canadian Investing Guru

    in General Discussion

    Posted

    Chou Opportunity's latest holdings 09/30/2013

     

    Top Holdings

    As of September 30, 2013

    Top 10 Holdings percentage of assets

    Sears Holdings Corp. 26.5%

    Resolute Forest Products Inc. 23.2%

    Union Bank Instl. Tr. Depo 19.8%

    Overstock.com Inc. 4.7%

    MannKind Corp. 4.3%

    Dell Inc. 4.3%

    JPMorgan Chase warrants 3.9%

    MBIA Inc 3.6%

    Bank of America warrants 3.6%

    UTStarcom Holdings 2.2%

     

    WTF!

    in General Discussion

    Posted

    Sham certainly has his work cut out for him, the SED story just got uglier.

     

     

    "After assuming control of the Company’s Board of Directors on October 17, 2013, the new Board was informed that employees of the Company may have been providing false information to a significant vendor of the Company to obtain rebates from the vendor for a period of at least two years. The new Board has been undertaking an investigation of this matter with the assistance of outside legal counsel and a forensic accounting firm. The Company’s investigation is ongoing, and it has not yet determined all of the Company employees and officers who may have been involved in or may have directed the false reporting or whether the Company will be required to restate its historical financial statements. Currently, the Company believes that the amount of the rebates received by the Company but not earned totals approximately $2.16 million"

     

     

    'Long-Only' Funds Lose Their Hedge

    in General Discussion

    Posted

    http://m.us.wsj.com/articles/SB10001424052702304672404579186384097828204?mg=reno64-wsj

     

    Craig McBeth, a protégé of Todd Combs, a former hedge-fund manager handpicked by Warren Buffett to help manage his company's investments, left Berkshire Hathaway Inc. this year to launch a fund that will make bets on a handful of companies. "We anticipate short positions will be rare: we believe they are inherently inferior to our best long ideas," said a marketing document for Mr. McBeth's new Judson Founders Fund that was viewed by The Wall Street Journal.

    WTF!

    in General Discussion

    Posted

    Well SED and Paragon came to an agreement and Sham Gad us now on the board of SED. Also, Sam Weiser(PRXI's CEO is also on the board)

     

    We"ll see if he can recover some if his investment in SED.

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