beerbaron

You need idiots like that to make money off! He's world class I have to admit. BeerBaron

Hey Watsa, it's been a while where have you been?

Just a few dumb engineers questions: Where will the battery be? Cell-phone require lots of power no matter the screen type. Li-Po batteries would be able to actually be in the plastic itself but so far I have not heard of a practical cost application... Cell phone require big memory size. Big memory size require a lot of IO pins on the ICs. ICs are not flexible. Which part of the device would not be flexible? What is the practical advantage of flipping a page by bending compared with flipping a page on a IPhone? Does a flexible structure offer any advantage to the consumer? I think flexible technology has a nice future but not in portable applications the bend/unbend is way too stressfull for the poor solders. BeerBaron

And a ton of cash to protect on the downside! BeerBaron

I have a few questions, that I need to dig to find answer. Maybe someone else might have the answer before me... What's the impact of IFRS compared to old GAAP? Are unrealized gains calculated in the net income or just in BV? I tough muni bonds were flat in Q1 why the big drop in the bond portfolio? Did it come from high yield? Hedges are somewhat going down to 83% from 91% (If I remember correctly), is it a change of perception in FFH team or because their equity increased more then their hedge? I'm impressed by this month's equity return 3.4% when almost fully hedged, that's pretty good. BeerBaron

I did read it's article before I bough my finance's ring. In the end I ended up buying it at Overstock! Don't tell her... :) BeerBaron

Liberty wouldn't you be scared to put money in a insurer with 4 years of public history? Insurers is about faith as much as numbers. What's their moat? How did they achieve a very loss ratio? Is it because of a focus on long term risk that has no happened yet or because of superior underwriting? On the plus side the premiums did not go up while the profits stayed flat, which seems to indicate that they have not been writing new premiums to cover for the past loses. BeerBaron

Anybody knows why Buffett ceased to bring population control as one of it's main concern regarding humanity? BeerBaron

Can someone help me understand the following paragraph: 3. A stock dividend must also be distinguished from a stock split. The fact that a corporation may refer to a transaction as a stock split does not prevent the Department from looking behind the language used to determine its true nature. In a stock split, there is an increase in the number of shares accompanied by a proportional decrease in the legal paid-up capital per share so that neither the total amount of legal paid-up capital nor the total amount of surplus available for distribution as a dividend is altered. In a stock dividend, there is a distribution of shares accompanied by a capitalization of retained earnings or any other surplus account available for distribution as a dividend. For a discussion of the tax implications of a stock split, refer to the current version of IT-65 entitled, Stock Splits and Consolidations.

Scary, any other news of it besides ZeroHedge? BeerBaron

You guys are taking it to much by the word. He's just saying that gold price is inversely proportional to currency trust. I think it's a very well presented explanation. BeerBaron

Maybe it's WatsaIsaRadiantHero... it looks a bit like him. BeerBaron

I never drink... BeerBaron

Amen!

By the way, anybody looked at the latest St. Louis Fed data. So far FED 1, FFH 0. No wonder why everything is going trough the roof. BeerBaron

The Bank of Canada also has a clear inflation target...someday or another they will need to make a choice between interest rate and inflation. BeerBaron

My view on this is somewhere along the same line. Leave some money for the kids so they can have good education and buy a house. The rest should be given to other causes. BeerBaron

For grey area like this one I would suggest Klarman's rule. "If think what you are doing would get you on the front page of the jornal and you would not be happy about it, then you should not do it" The fact that there is a debate about this one means that it's way to close to the line then what BRK will accept. I'm very happy about Buffett's action and it shows a huge courrage to get rid of your number 2 who would have earned you billions in the future for moral issues. On the moral compass BRK is in a class of it's own. BeerBaron

Brk is down 4 Billion in market cap today... didn't know Sokol was worth that much. BeerBaron

Chou Associate Fund: 11% Cash Chou Asia Fund: 50% Cash Chou Europe Fund: 30% Cash Chou Bond Fund: 15% Cash Chou RRSP Fund: 3% Cash Someone's piling cash... BeerBaron

What exactly is the latitude given by the FED to companies regarding stock ownership. I always tough that stock had to be marked to market... BeerBaron

11 Total: RCH.TO FFH.TO XDM.TO AWI.TO EH.TO ALS.TO XIC.TO BRK SBSI T WINN

I really hate the lack of transparency for bonds. Why is there no unified bond market is still a mistery? BeerBaron

Supply problems from Japan are starting to be felt. Yesterday we received an E-Mail from our IC producer that they could not make our custom IC anymore before of shortage of Wafer. It seems Samsung's wafer raw material fab has no electricity and it has no idea when it will be back into operation. Apparently 70% of the raw materials for IC come from Japan. There might be a smart way to play this tough... I'm just not smart enough. BeerBaron

I can't say anything bad about the guy. I researched most of the names on it's portfolio before I even knew he existed. They were all close to the finish line. So I guess we have similar investing philosophies. I would not invest in him or any fund because of the fees but I would certainly check out it's ideas :) Sorry Tim, I'm a cheap bastard I prefer to keep the 1-2%. BeerBaron