TorontoRaptorsFan

Bruce Berkowitz has initiated a position in Cisco acquiring over 35 million shares.

Agreed! I usually download the podcasts whenever she interviews Niall Ferguson, Bruce Berkowitz, Chris Davis, and anyone from PIMCO. There are always some interesting ideas presented which definitely help with making investment decisions.

I really enjoy reading this website. He's done well with his portfolio. http://www.mevsemt.blogspot.com/

Like I stated before, leave the politics to the experts and focus instead on investing. As I correctly predicted the Conservatives would win. And I'm a very, very happy man because of it! Harper is going to be great with a majority mandate! ;D

You guys should stick to investing and not politics. The polls are wrong. The Conservatives will win. In my office my entire staff is voting Conservative (12 in all)

Agreed! The iPad is an incredible device. I use it at least an hour everyday to surf the web, read Zinio magazines, Kindle books, and WSJ. I'll wait until the iPad 3 comes out before I make the upgrade. I don't have any use for the camera and Facetime capabilities but would definitely like to see a Retina screen on the 3rd version.

Look at how rapidly the AUM has scaled up over the years. There's so much money coming in he can only spend it in so many ways.

I would be shocked if Einhorn didn't start liquidating his short positions once he heard Berkowitz made that deal with Brookfield Asset management and now had more cash at his disposal.

I like the old Berkowitz who lived in New Jersey when he had the nerdy glasses, haircut, suit and tie. Bruce moves to Miami and now he's Rico Sauve with his perfectly coiffed hair and relaxed clothing style.

The only reason why he has a lot of cash is because of lot of cash is being poured into the fund by investors. And in many cases Berkowitz can only spread the money around to so many positions because in some cases he runs into issues such as the amount of shares he's entitled to purchase.

I think once Berkowitz brought his brother-in-law on board (Charles Fernandez) the other two managers saw their roles diminished. It's kind of hinted of in the Fortune article which came out several weeks ago. I'm sure it didn't help that Berkowitz was getting all the credit and also making a lot of money for himself.

http://www.vanityfair.com/online/daily/2011/01/warren-buffett-speaks-candidly-to-vanity-fair-about-who-might-succeed-him-at-berkshire-hathaway.html

Excellent article from Fortune Magazine talking about Bruce Berkowitz's success. One trait I've noticed with the following successful investors (Berkowitz, Biglari, and Bruce Flatt) is that they have no hobbies. They really love their jobs and the investment process. http://finance.fortune.cnn.com/2010/12/10/bruce-berkowitz-the-megamind-of-miami/

Just adding my 2 cents... I work in the technology field and am an early adopter of new technology. I currently own an iPad, Kindle 3, iPhone, and iMac. The new Kindle is incredible. I love to read and I can easily read for hours and hours on the Kindle versus the Kindle app on my iPad or iPhone. I'm converting more and more of my library over to a digital format and reducing the clutter of books has been a very enlightening process. I also love the selection Amazon has for books. The only hardcover books I purchase nowadays are cookbooks but even then I'm trying to cut back on my collection as I have over 150 titles + right now. The iPad's Zinio app is great! Love to get my issues of BusinessWeek, and Bloomberg Markets on there along with a slew of other magazines.

I'm curious as to how much money Bruce is raking in now. It's got to be more since he moved from New Jersey to Florida a couple of years ago. He probably got his Miami Heat season tickets at a great price too before the LeBron and Bosh signings! ;D

Walmart bought Vudu several weeks ago for $100 million. They have already started to create exclusive deals for streaming movies starting with Avatar. There will be three major players for streaming: NetFlix, Apple iTunes, and Vudu.

Once all is said and done there will be three e-reader companies left to battle it out with one another: Amazon's Kindle, Apple's iBooks, and Google's unannounced tablet device. I was one of the first to purchase the Amazon Kindle. I'll be picking up my Apple iPad in the next 2-3 weeks. I will probably stick with Kindle books as I've already amassed 40 titles or so and plan on adding more. Amazon has the largest selection now (500,000 + books). And I can't wait to try out the Wall Street Journal and New York Times iPad editions. Kobo's and the others don't stand a chance. And I'm also happy Amazon was given permission to open up a warehouse here in Canada. So long Indigo!

Interesting how he dumped his holdings in CNQ. I thought he would hold it for awhile. He's still preaching that his long term bets are on defense and drug stocks.

El-Erian's interviews on WealthTrack with Consuelo Mack are really good. They're all available for download on ITunes.

Thank you for the interview! Great job! It was very informative.

It looks like Jaime Dimon has been playing a behind the scenes role in advising David Stern and NBA owners as well. http://www.bloomberg.com/apps/news?pid=20601039&sid=a2bs8ispeG_I