beerbaron

How can Icahn know the council Ackman used for the Herbalife short? BeerBaron

So you're the guy who's been keeping the price high! ;) What do ya mean? I was buying at lower prices last week, but somebody else pushes it up. Can't get as many this week! Cheers! Anybody know why the gross margin of Glacier dropped in the last FY? BeerBaron

He's not going to buy back before 0.90 - 0.85 x BV. Check when was the last time they bough back shares... I believe it was in 92. BeerBaron

So if I take the payment in kind then I don't have to pay capital gains? BeerBaron

I just initiated a synthetic long position in AAPL (my first option trades) because there was asymetric return VS the stock. Now as I start reviewing the tax implications of the options in Canada my head hurts. Here my facts: I would be considered as a non-trader as PER CRA I wrote 400 Naked LEAP Jan-2015 Puts I bought 400 LEAP Jan-2015 Calls Now reading IT-479R it seems I can decide if the options I write to be treated as capital gain or income for as long as I'm consistent. First, why would anybody want to declare it as icome? Naked puts treatment If options expire worthless => Need to declare the capital gain at exercice date. (Put premium received - Cost of transactions) If options expire in the money => Need to declare the Gain/Loss as capital gain based on the following (Put premium Received - Exercise Value - Cost of transactions) Am I getting this right? Call treatment If option expire worthless => Need to declare the Loss. (Cost of option + Costs of Transactions) If option expire in the money => Need to declare the Gain/Loss based on the following (Exercice Value - Cost of option - Cost of transactions) Am I getting this right? Thanks BeerBaron

C’mon, beerbaron! That’s exactly Mr. Market’s thesis… There is always a reason why Mr. Market gives you an opportunity! And a repricing is never easy to foresee… What you can and do know with FFH is the price you pay and the value you get! Let a repricing unfold: I will average down gladly! ;) giofranchi It's not a thesis, the actual value of FFH went down with the bond portfolio. I like to anchor myself at a specific price/BV not a dollar value. I'll gladly buy a shipload at 90% of Q2 BV tough! BeerBaron

Giofranchi, be carefull BV will likely do down in Q2 because of their bond portfolio. FFH marks most of their bonds to market (held for trading bonds are MTM). I can foresee some repricing of FFH this quarter. BeerBaron

ALS.TO BRK.B SBSI BK MRVL FFH RCH.TO Cash= 27%

I myself have a few patents under my name and deal with competitor's patent's daily. Here are my takes on it: -They are a usefull system that does give the time for a company to payback it's investment. -The patent system was started in the 19th century, back then the life cycle of a product was 30-50 years. Therefore, the 20Y protection made sense. -Today the life cycle of a product is 5-7 years. Why are we still with a 20Y patent duration? The patent system did not evolved. -The patent system does not discriminate the initial investment. If the patented product is a medical drug that cost 200M to develop it makes more sense to give 20Y protection than if it's an idea that needed about 1000$ investment. -Patents examiners are ill equipped to evaluate patents, they cannot be expert of everything in a big field like electronics. Claims before being valid should be publicly debated. Right now it's the other way around the claim is considered valid and someone else has the task to invalidate it. BeerBaron

Every week for the last 18 months I have seen the market go up. Almost daily now we see the S&P jump up 0.5-1%, the economy has not made meaningful improvements in those 18 months. Which leads me to believe that markets have now shifted from valuing stocks to relatively valuing stocks. At the current 0% rate environment the S&P could well reach 2,000,000 after all anything divided by zero is infinity. BeerBaron

I have been searching for the equivalent of Edgar for France and Belgium, anybody from there that can point me in the right direction? BeerBaron

FT is a subscriber magazine... can't read. BeerBaron

Backintheromanempirealltextswerewrittenwithoutspacesona30footlongpapyrus it took 1000 years for people to realise that spaces between words made it easier to read. Innovations can take a long time to materialize! BeerBaron

I totally disagree, the amount of real innovations has exploded, there is so much innovations that people don't even recognize them anymore, which is the reason people feel there are none. Two young fish talk to each other and an old fish crosses them and says "Hi there young fellows, the water is very good today!", a minute later the two young fish look at each other and ask themselves "What's water?" BeerBaron

Congrats, 7 years and a great track record is quite an accomplishment! BeerBaron

Doesn't always work out. Tonnes of these nail houses. Like this one - newly built for 600,000 yuan compensated 260,000 yuan when government decided to put a highway right through it. Classic picture though. http://news.nationalpost.com/2012/12/03/chinese-nail-house-finally-demolished-from-middle-of-highway-after-duck-farmer-agrees-41000-payoff/ Well China is no Quebec :) BeerBaron

Chanos was one of the first bear about China 3-4 years ago... BeerBaron

If the laws of China were like Quebec laws I'd arbitrage the legislation. I would move in one of the ready to be demolished building at dirt cheap rent and ask for a shitload of money when they ask me to leave :) BeerBaron

What a bunch of short sighted crap against free capitalism. If dealers add vale then it's not unfair davantage for Tesla, if dealers add no value they should not exist... BeerBaron

Is that the reason for the 2% price bump today? http://www.dailypolitical.com/finance/stock-market/fairfax-financial-holdings-limited-price-target-raised-to-c440-00-at-bmo-capital-markets-ffh.htm BeerBaron

DTA should be valued at: DTA*Tax Rate*Probability That you think the profits could happen Conservatively I would put 15 cents on the dollar. BeerBaron

I especially like the expense ratio! Used to own it instead of cash but gave up trying to earn 1% but exposing myself to extra market risk. BeerBaron

Hurry guys print some money!!!! Wait, they can't :-\

I'd just buy a basket of stocks if the overall market is depressed. ETF sounds like a good choice. BeerBaron

You really did that?! WOW!! The fact this wonderful board is attended by such outstanding investors (the Superinvestors of the Corner of Berkshire and Fairfax!) is really a unique learning experience for the rest of us! :) giofranchi Prem is quite available and approachable around the time of the AGM. Ask him any question that isn't off limits, and he'll give you a straight answer. :) The insurer was Lancashire! You posted it on this board :) BeerBaron