Partner24
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Posts posted by Partner24
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Those speculators? Good riddance. The government (that's people taxes) cannot always have to pay the price for the crazy-cowboys-at-las-vegas excessive greed.
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"I've been wrong. Probably that some honest people lost money because of my "liquidity crunch" wrong point of view about Fairfax Financial Holdings in 2003. For those who have followed my point of view with their hard earned money, I offer my apologies" P. Eavis, February 15th 2053
;)
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People hate change - apparently more than being gouged at the gas pump. I agree with Munger that it is completely obvious that we must harness the sun's power directly, and we should probably get on with it.
The day that the sun will be able to provide nearly all of our energy needs (home, transportation) and that technology will be implemented worldwide, not all, it will be a terrific day.
Sorry, just one of my wildest dream ;)
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Oh these activists...
First, he's been able to keep the MSFT huge earnings intact, but still have been able to grow them at a very decent pace for a huge company like that.
I'm not saying he has not done any mistake with MSFT capital allocation, but nobody's perfect.....
....except Warren Buffett ;)
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One of my friend took less than 2 minutes to get a fairly true picture of Sardar. It was years ago.
It took me 1 AGM and two agressive activist letters to get the picture.
My friend won on that one ;)
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Everytime I get to read something about him, I found how deep this guy can get to make some $. That's shocking.
Smart? I find it very easy intellectually, but very tough on the moral side.
That's not a smart way to make some money. He's a devil on costs, and that's all. No, I should add that he's a devil on every costs, except the cost he charges to others. He's a sweet little angel on his own cost.
What about take all the credit card fees and charge them against his own compensation?
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Make sense?
Yes.
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Agree with the comments above. I also own a home, and the decision was not an investment related one. On a financial perspective, it would have been far better to keep the stocks.
You simply don't live in your stock portfolio.
I've sold some Found Financial Heaven to buy Found a Family Home ;)
Cheers!
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Al! It's great to see that you were there once again this year. Seen some others familiar faces too, but not that much.
Sanjeev, you've lost some pounds! It's great to see that you seem healthy. Not having a lot of lunches like the FFH stock price days we saw some years ago I guess? ;)
Cheers!
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That's a great review Sanjeev.
I've went to one diner 2 or 3 years ago. We were 20-30 persons I guess. One thing to remember is that it was great for FFH shareholders to meet and greet. I see that now, you have a lot of speachers. That's great! But I wish that the "meet and greet" part will never be forgiven. It's, to me, a very important part of these diners.
Needless to say that I highly recommend you attend if a significant portion of your portfolio is in the company.
Indeed. I've asked a question when I went to the AGM. The answer's been satisfying and I hope that, like Prem said at that meeting, that they always get that lean years "deeply anchored" in their minds. ALWAYS HAVE A SOLID BALANCE SHEET. Then, rule number 1: don't lose. Rule number 2: don't forget rule number 1.
Cheers!
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Regarding Mongolia Growth Group.
I like his words, but obviously actions speak louder than words (see Biglari Holdings for a 101 course on that particular topic).
Somebody knows him? His hedge fund? His track record as an investor?
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Guys, it's one thing to have a good jockey to manage assets, but in the end you still have to pay these assets at least at a reasonable price, at best at a bargain price.
For those who are confortable enough to value it, how would you assess the intrinsic value of the company? Do potential investors have the assets at a reasonable price and the jockey for free or do they have to pay a premium for it?
Thank you very much for your valuable insight.
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I like that Fortress Paper guy. He seems to be the classical contrarian value investor who seek to find value where others don't. I always search for talented investors like that. That being said, he's in an industry that is not within my circle of competences. In those circonstances where you don't know jewelry, you have to trust the jewelrer.
So, for those who can value that company, what would your intrinsic value range would be for that company? What are the metrics you use to value it?
That's a very interesting story. Thanks for sharing it.
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...is out!
http://www.leucadia.com/c-p_letters/luk_c-p2010.pdf
This new one of the best, if not the best, letter that Leucadia Chairman and President have written so far.
Leucadia is back on track.
Cheers!
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Not prob Parsad, as long as it's available one way or another I'll be happy. What would be sad is if it was just available to the lucky few at the AGM and not to anybody else..
Indeed.
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If the big shots give too much importance on what they will look like because of a given quarter results, it's a little bit like someone who would come at a fine dining restaurant and ask for a cheesburger. ;)
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Ahahaah dividend and liquidation value, right?
If so, it's just a smoke screen.
Do you really think this guy is about giving the shareholders cash? He's on it's way to try to get control of everything he can and that require cash.
Where is the board of directors? In it's pocket.
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Wow, so much candor. This guy could try to hide himself behind a lot of things or put attention on something else, but he goes straight.
Ooohh I'm sorry that this company do not trade directly in the stock market.
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At last, Fairfax settle lawsuit for 1.5 billion!
Even if 1.5 billion is far better than nothing, I find it a little bit unfortunate since I would have like more coverage to the benefit of public eyes to fully know what these miscreants have done!
Cheers!
http://www.newsmitra.com/wp-content/uploads/2011/03/April-fools-jokes.jpg
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4 public businesses.
1 private business.
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I remember when I was working at a stockbroker firm (in 2005). The analysts used to recommend KFS. Everybody can do mistakes, but I've let that one pass!
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A 10 baggers in one week? Just that? Pfff...I can do better than that with penny stocks :P
Let's rename the board for "The corner of Las and Vegas" ! ;D
Cheers!
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This nuclear situation is a shame to mankind. Nothing less than that. I'm sorry if I look drastical, but you need to be that way when something drastical happen.
You would have think that mankind would have learned far more than that after the Tchernobyl nuclear disaster. We have learned, but not enough. Brave people have died or suffered very serious diseases because of that and some brave people could still die because of what happen right now.
We think that we are long term thinking people when we invest in a business for a decade or two, but it might take more than 200 000 years for some of the Tchernobyl nuclear waste to go away. Have we learned enough? 25 years later, a nuclear plant is on the side of the cliff once again. You might tell me that this is not Tchernobyl. I guess (and hope!) History will prove you right. But we are on the 6th level on a scale of 7.
It's a shame.
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Oh I like this guy.
Go Patrick Go!
"Fraud-detector" Barry Minkow gets 5 years/$583 million penalty for fraud
in General Discussion
Posted
Well, I hope that some "fraud detectors" like that will still be free when the judges will hear our lawsuit...
Cheers!