Buffett_Groupie

Thanks for the post, can you please copy/paste the entire article due to FT's paid subscription?

You're underestimating or ignoring the power of faith and prayer!

Being correct and rational for 5 months or 5 quarters may be manageable for many, but 5 long painful years would take an extraordinary individual. Simply conviction and faith in reason and rationality may not be enough. The market can be irrational longer than you can stay liquid. Hence, I figure it must be religious faith.

Without a strong religious faith, it's difficult to withstand 5 years of pain from 2003 to 2008 watching the markets going up and up!

IMHO, Mr. Watsa has a strong religious faith which should never be under-estimated and is something that Buffett lacks.

I'm showing off mine with Munger who has a bigger smile, which is rare! :-)

Start training for the run!

Simply identify something you can be good at, then repeat the process over and over for as long as you can until all the advantages run out! :-)

Every dollar rise in share price is $50M increase! Ka-ching, Ka-ching!!! Killing the shorts...

I started a small IT consulting firm based in Toronto in 1995 with me being the only employee with ZERO initial investment. Then I hired 6 staff in 1996 and grew to 45 in 1999 and again to 64 in 2002. Then down to 2 in 2003 after the tech crash when everything went to India overnight. Now I'm back up to 20 staff. As far as non-investment/service business is concerned, I can't think of anything more profitable than IT outsourcing regardless it's legal, accounting, medical, engineering services: no start-up cost and profitable from day 1 without a single month of negative cash-flow. If you know any better service business than that, I'm interested in finding it out from you.

Here is the year before: http://share.shutterfly.com/share/received/welcome.sfly?fid=0ac7aa6b029f67213315f89dbf2f35f7&sid=0AZMnDJw3ct2LFxA

Kodak declared bankruptcy and its site was moved to Shutterfly. Here you go: http://share.shutterfly.com/share/received/welcome.sfly?fid=342aabd77785faf66d9889752d9a603c&sid=0AZMnDJw3ct2LFog Enjoy and cheers!

Thank you for all those who participated in the poll. You're more responsive than my own staff! All the best for the new year and see you all in 3 months! :-)

Please cast your vote if you bought FFH or BRK in 2012! The poll will end on 12/31.

Approaching break-even for RIMM!

Hope FFH will have similar buy-back announcement like BRK today!

How did you create the poll/voting chart?

How did you set up the poll?

Merry Christmas and happy Easter!

http://www.dailymail.co.uk/news/article-2205901/Forbes-400-Americas-richest-billionaires-dedicated-philanthropy-including-Gates-Buffett.html?ito=feeds-newsxml

[amazonsearch]Quantitative Trading: How to Build Your Own Algorithmic Trading Business[/amazonsearch] My friend, Ernie Chan wrote the book, here is the link to Amazon if anyone is interested in reading it.

I bought FFH today!

Thank you all for the offer. Today, my friend got a room at Doubletree, 1616 Dodge!

I have my hotel reservation. It's for my friend who is looking for it.

Anyone has hotel reservations in Omaha, but won't be able to make it?