schin

Opinions? The volume is way above average over the past couple of days. Probably the hedge funds adding before the proxy vote for the BoDirectors... Thoughts?

How can you call his buyback a bust? He has purchased a lot in the 40s and up to 80s... so, at the current price... those buybacks were worth wild..... what's your definition of a bust?

Probably Ian Jacob -- the one that worked for Buffett. I never got his name. Thanks for the info, Sanjeev.

Does anyone remember the graduating senior who wrote Buffett a letter to pay Warren to work for him? Warren eventually gave him a job.. but, I never found out how it turned out? Is the guy still there? What became of him?

Well, when the CEO owns 85%, that tends to happen. ;-) --True, but when I look at this structure: http://investors.interactivebrokers.com/en/general/about/aboutIR.php?ib_entity=ir I see all the 90% of the economic interest goes to IBG Holding LLC with its members -- which of course includes the CEO...I see they're getting the lion's share of everything... voting and economics interest if you look at it. That said, the gross and net margins are impressive. Looks like magic at times.. when they say... they can "forecast" bid/asks seconds before the market... and arbitrague that... that's a black box statement and mind blowing... are their routers that much faster? processors? etc... how do they do that?

Does anyone have any opinions about IBKR? I've been reading the annual report and it looks interesting. Mohnish Parbai added it to his holdings lately. I look at the business model and it looks interesting.. Not as much trasparency as I would like.. but, the net and operating margins look interesting. My question is the structure where the public shareholders get 100% of 10% economic interest in IBG, etc. It's just so nested and that's a great business, but it seems the voting rights and economic rights are mostly held the CEO. Thoughts?

Wondering if there's any value investors living in DC, MD, VA? I've seen a lot of people on here from Vancouver, NYC and various cities in California?

The article also talked about his GE warrants. Thoughts on how that will play out? They're definitely under the water now.