DCG

Not sure Performance is large enough for Buffet to consider, unless he's planning on piecing together a bunch of smaller groups.

I work in this industry, and nearly all of the large dealership groups (including Berkshire Automotive) are large clients of ours. Trying to speculate which dealership might be next on Buffett's shopping list. Sonic Automotive Group 1 Penske Hendrick Auto Asbury Auto Lithia Motos Larry H. Miller Herb Chambers I'd think Sonic or Asbury (both public companies) might be on the top of their list, they seem to be well-run companies and aren't super overpriced right now. I could see them buying Group 1 as well.

So is Charlie hinting/implying that Buffett will be leaving the company soon?

My challenge is that while I think the market as a whole is overpriced, I think most of the stocks I own are pretty fairly valued (but if the market goes down, they'll go down along with everything else). So need to decide whether to hold stocks through a possible correction, or sell some to free up some cash.

I'd imagine many app developers are highly profitable. Developers would not have built over a million iOS apps if they weren't profitable. I'd venture to guess that iOS developers are much more profitable than Android developers, as Android users (as a whole) seem to think that everything should be free and are much more resistant to spending money on apps than iOS users. This has resulted in iOS apps being much better than Android apps overall. Apps are typically sold for a lot lower amount of money than equivalent to what desktop apps used to sell for (and still do), but they benefit from scale.

I think the online education trend will continue to be strong - even replacing college for a lot of people. The freelance economy as well. More and more people will work various freelance jobs, rather than being tied to jobs at specific companies.

I can't even remember the last time I've seen someibw with a Blackberry - I'm talking years.

I'm the red on OXY but getting a decent dividend to wait.

I thought the power if habit was pretty good. A bit longer than it needs to be, and it's a pretty slow read, and a little boring at times, but has a lot of good info. I just thought it was one if those books that seem like a blog post stretched out into a book. A lot of people loved it though, so don't let me deter you from reading it. Maybe I'll revisit it sometime.

Read it earlier this year an liked it. Felt like it was pretty repetitive though - sort of stretched a concept that could have been communicated in a long blog post into a book. Good though, and probably something I'll re-read at some point. The Compound Effect is supposed to be real similar to this book, but I haven't read that yet.

Bbby isn't bbry Hah! So full of fail! ;D My bad. :-\

Would you consider selling your house or farm just because it's the end of the year? The only one of those I own is BRK, so I don't really have much otherwise to say about the others. I think owning Blackberry is a big gamble.

Should a bond index fund ETFs (such as Vanguard's BND, which Currently yields 2.53%) be considered?

Good question (and it's possible bonds aren't even the best vehicle for what I'm looking for). I am looking to generate interest/income on cash (ideally at least 3%) at a very low risk, rather than having it just sitting in a bank account it minimum interest. I'd prefer to have the money easily accessible if I want to be able to move it into equities. I'm about 70% in equities at the moment, but want a way for the currently un-invested cash to still be making money.

I know next to nothing about investing in bonds, but am looking to put a portion of my portfolios in bonds. Are there certain Fixed Income bond ETFs I should look at (I like the idea of keeping the money somewhat liquid by using an ETF, but am I wrong with that line of thinking)?

The way I view the drop in oil prices is that consumers will have more free cash to spend elsewhere.

Moving anywhere closer to Eagles fans can't be a great idea.

I've asked this before on here (and don't think you've answered), but what type of business(s) do you own? Care to share the name/websites? I'm interested in checking them out.

-article is behind a pay wall.

Van Tuyl is a big client of the company I work for. They've always seemed to be a well-run dealer group in my experience with them.

If Brindle is gone, I am gone! ;) Gio But my understanding of the thread is you can't sell the company for 10 years. What happens if Malone, Biglari, Watsa, and Einhorn are all in a plane crash together next year? These are all businesses that rely heavily on their leader.

There was a very long time without a correction. Everyone was waiting for some reason to drive a correction. I have no idea what the market will do in the near term, but European concerns seem overblown. Is Europe really all that different than it was 2 weeks ago when the market was rallying?

So they've been dead wrong for the last 6 years, but the market declines over a week & 1/2 period, and now they're right? This thread is ridiculous. I know you don’t like how Fairfax operates. And that’s fine! But let me ask you a question: if the market stays in some kind of turmoil for a while (a few months), if US government bond yields keep going down, and if Fairfax share price declines with the overall market, don’t you think it could be worth buying at least some shares before they announce 2014 year end results? Gio My point was more about the point of this thread than the way the company operates. It's like someone buying JC Penny at $40, and then boasting that they were right when 2-years later the stock goes from $5 to $7.

So they've been dead wrong for the last 6 years, but the market declines over a week & 1/2 period, and now they're right? This thread is ridiculous.

Added to FCAU, BAC, VZ, and OXY. This selloff seems silly to me.