DCG

Sincerely, I don’t think it is obvious at all… In fact, I don’t know much about macro, but, if I were to make a bet on the future state of developed countries economies, I would still side with Mr. Watsa… It will surely become clear… But I guess it will just take a little longer! giofranchi The federal reserve would have done everything in its power to fight deflation over the last several years if it was a real possibility.

In all honesty, my confidence in Prem has declined quite a bit in recent years. He seems to latch onto ideas, and then refuse to consider changing his views when it's obvious that he's wrong. Not sure if it's ego or what. He pretty much completely missed out on what was likely the greatest 5 years of the stock market in his lifetime over the last several years. He got an idea about deflation and prepared for that, and refused to waiver on that belief regardless of how obvious it was that he was wrong. The mess he got into with Blackberry definitely hurts his reputation. It was an area far beyond his circle of confidence and he got way too involved in the company just to try to save face and not wanting to admit he was wrong. I know some people on here are friends with Prem, so it's tough to hear some opposing views (in the same way that people were denying that Tom Ward could have possibly done anything wrong at Sandridge), but many of his investment decisions in recent years appear to have been fueled by pure emotion.

I have cable mainly for sports. If I could get ESPN, the NFL network, TNT & TBS w/out cable, I'd drop it. I'm really hoping the NFL will offer the NFL Sunday ticket online after their contract with DIRECTV is up next year. I'm sure they won't though.

not sure I understand the point of this thread. $14 is about a 3% move. Thousands of stocks move over 3% every single day.

WikiInvest. I guess I figured most people on here would already be using this. It's free and does everything for you. Great service. It's like Mint.com for your investment portfolio. https://www.wikinvest.com/account/portfolio/regx/start

I'm in the highest % of cash I've been in since I think 2008.

Awesome. Can't wait until he starts spending his day attacking everyone who writes a bad review (assuming everyone but his friends/himself) on Amazon in the comments.

agree 100%. even the greatest investors are not automatons. there is no way he would have taken a big stake in this technology company without personal relationships being front and center. I think shareholders have to learn not to separate the CEO from his own soul. Anyone with good conscious, and I'm betting you all expect your CEO's to have good conscious instead of being psychopaths, would agree that sometimes there are battles to be fought that extend beyond the basic role of the CEO. Otherwise why would Prem or Buffett even entertain things like "The Hospital For Sick Children", "Planned Parenthood", "The Gates Foundation", or "The Glide Foundation"? In fact, why even do big shin-dig AGM's like they do? You guys should be treated like Leucadia Shareholders...just an hour of their time every year! Of course personal stances will play a role at times in their investments and behavior. Buffett ran Salomon's because he had to save the investment. This happens and it's nothing new. RIM is a relatively small investment in the grand scheme of things...Salomon's could have taken Berkshire out if Buffett had not stepped in. Cheers! It may be a relatively small investment financially, but it sure seems like its taking up a good amount of his time. Investors need to take their emotions out of investing, and it seems like Prem has not been doing this the last few years. He comes up with theses (like his expectation of deflation he's been preaching for the last 6 or so years) and seems to not want to admit he's wrong and move on.

I see Prem renaming the company 'Blackberry Financial Holdings' within 2 years. :P

I've said this before, and will say it again: I think Prem would've had nearly zero interest in this company if it wasn't in Canada. Maybe I'll end up being wrong, but it seems like Prem has continued digging a giant hole with this company to avoid admitting he was completely wrong and moving on.

So now Fairfax wants to take BBRY private? Prem has been in so far over his head with this since day 1, and is becoming a textbook case of why fund managers should not get directly involved with companies.

Take a look at their financials Flat and falling profits. Margins dripping hard in a very competitive industry. Living off the coattails and products of Steve Jobs. Stock has been hammered as a result... 300 million will do. I'll tell you what it would take for me to be interested in Apple. Instead of the usually conference call where the CEO talks about how awesome the company is he starts talking about reality and finally admits "Houston we have a problem"..."but we are focusing on the major headwinds by x,y and z strategies." Nobody is buying the stock today because Cook is in detail of reality. Only $43.6 billion in revenue last quarter. Seems like a 'huge problem'.

So CNBC considers him leaving twitter 'News'? I've said this before, but I'd love to see Kass's returns over the last several years. I have't found them anywhere. I used to follow him for a while, and he was dead wrong on nearly every post/article he wrote for years. He's just another talking head.

Completely agree with all this.

I used to use them for a few years, but was kind of disappointed overall - at least with their fair value estimates. They fall into the trap most analysts fall into of constantly revising their target price higher as stocks go up, and revising them lower when stocks go down - and not based on long-term fundamentals.

The fact that JCP just announced dreadful earnings that were worse than expectations, and the stock is rallying 8% might be a sign that the market is overextended.

They've been around here in the U.S. for a while and have always seemed to have a hard time being profitable.

Amazon just updated their Kindle app for Android, and I have to say that I think it's probably now better than the iPad version. It's basically the Books part of the Kindle Fire OS. I think Apple not allowing in-app purchases does hurt the user experience, and I wonder if Apple's policy is preventing Amazon from making these same changes (such as adding recommendations) to the iPad app.

I'm in Boston for the weekend and it was cool to see/hear people's reaction on the street one the 2nd guy was captured. Nice work by the MA police, the FBI, and civilians.

How much wealth does he have outside of his businesses which are all unprofitable from what I can tell? It costs over 80% to borrow TSLA shares -- people are spending lots of money betting TSLA will probably be a zero. huh? Forbes lists his net worth at $2.7 Billion. He made a huge amount of $ when eBay acquired Paypal - which is very profitable?

Can you not embed YouTube videos on here?

Regarding the thread title - there's a pretty big big disconnect in the rise and fall of the stock price compared to the actual company.

And: http://macdailynews.com/2013/03/19/now-samsung-copies-apple-product-rumors-said-to-be-working-on-wristwatch-device/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wordpress%2FxhfA+(MacDailyNews)

Any suggestions other than the ones mentioned? As an aside, Feedly looks nice but I need something fast, not pretty. Flipboard et al are useless to me. I need to get through hundreds of PR and articles on companies I cover quickly...anything that fits that bill that is platform independent and can be used on iPad + PC + iPhone? Right now Old Reader is in the lead for me... don't have my iPad w/me, but RSS HD & Feedly (as mentioned already) are probably my favorites.

There are tons of better RSS readers out there on every device. Google hadn't improved Google reader in years. Not surprised they're ditching it.