elltel

sorry to be overly simplistic - wont rents just come down though as landlords fight for tenants?

just wondering, has anyone received a copy of the latest one? Is there one? Anyone know when the next one is due? cheers

Sardar Biglari, Chairman and CEO of Biglari Holdings Inc., holder of approximately 9.7% of the stock of Fremont, voiced support for the transaction, saying "I have enjoyed working with Fremont's Chairman of the Special Committee in our effort to realize the full value of Fremont's shares. The merger with ACIA represents a victory for all Fremont stockholders. We applaud the Committee's efforts."

no release date for the movie in the UK yet. :(

Japan has declared a state of emergency because of the failure of the cooling system at one nuclear plant, according to the Associated Press. Officials say there has been no leak of radiation.

page 206...brilliant.... "When Moody’s Corporation went public in 2000, the investor Warren Buffett’s Berkshire Hathaway held 15% of the company. After share repurchases by Moody’s Corporation, Berkshire Hathaway’s holdings of outstanding shares increased to over 20% by 2008. As of 2010, Berkshire Hathaway and three other investors owned a combined 50.5% of Moody’s. When asked whether he was satisfied with the internal controls at Moody’s, Buffett responded to the FCIC that he knew nothing about the management of Moody’s. “I had no idea. I’d never been at Moody’s, I don’t know where they are located.” Buffett said that he invested in the company because the rating agency business was “a natural duopoly,” which gave it “incredible” pricing power— and “the single-most important decision in evaluating a business is pricing power.”

Thank you. This was an interesting article and online magazine. I found this which may be of interest... http://seedmagazine.com/content/article/on_overconfidence/

I dont think people have forgotten the dot-com bubble... they want it to happen again to try to make money and sell early.... although most people wont. ARM in the UK is trading on a PE of around 100. There is always the next bubble....

indeed... although rare earth isnt that rare.. it's just the process is hard to get to them (and has a lot of costs). If the price of rare earth keeps on going up then the mines that used to exist will re-open.

Hello all. Just wondering if we could through our collective knowledge work out which company Richard Russell is referring to in his article entitled the "perfect business". The link is below, but here are the paragraph's which mentions this "company".... " I once asked a friend, a prominent New York corporate lawyer, "Dave, in all your years of experience, what was the single best business you've ever come across?" Without hesitation, Dave answered, "I have a client whose sole business is manufacturing a chemical that is critical in making synthetic rubber. This chemical is used in very small quantities in rubber manufacturing, but it is absolutely essential and can be used in only super-refined form. "My client is the only one who manufactures this chemical. He therefore owns a virtual monopoly since this chemical is extremely difficult to manufacture and not enough of it is used to warrant another company competing with him. Furthermore, since the rubber companies need only small quantities of this chemical, they don't particularly care what they pay for it -- as long as it meets their very demanding specifications. My client is a millionaire many times over, and his business is the best I've ever come across." I was fascinated by the lawyer's story, and I never forgot it. " http://ww2.dowtheoryletters.com/ Thanks everyone... Elltel

Saturday... interesting. Another well known company we know issues it's reports on the weekend.

Israel Corp (which is listed on the stock exchange) owns around 30% of Betterplace. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDI4ODh8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

I find it amazing that WEB doesnt read analyst reports. While I dont rely on them I still find that sometimes there are nuggets of information in them that is sometimes useful. Apart from annual reports and company presentations... does anyone read outside the subject matter? For example trade publications. Does anyone read, for example, other monthly subscriber publications from the 'gurus' out there?

yes, Findlay Park.

I know of a fund manager based in the UK, but managing US Shares. I attach an image of performance. Unfortunately the fund is close for new investors now. Elltel.

Has anyone heard of this - Brobdingnagian base - with regard to technical analysis?

I have seen this mentioned a few times recently and was searching for a list of them.... any thoughts? Or perhaps the board can help? 1) Internet bubble 2) Gold in 1980s 3) Housing bubble 2003-2007 (USA) 4) Housing bubble Australia (currently in one) 5) Gold ...now? 6) ...

and one of them is listing soon, if I am not mistaken.

yes, WEB did write to them and yes, they do have it on the wall in their offices. I have seen it. WEB also mentioned some years ago that Halma was the type of company that he would buy. Problem is at this level I think it is fully appreciated in the market. elltel

Hi, I have an idea for the board. Many people upload documents for others and I was wondering if anyone thought it would be good to have a seperate directory where people could find the documents easily? Just a thought... Elltel

very amusing... "Downer EDI Ltd.... Reported disappointing cost over-runs in a key project. We thought something named "Downer" was a long. Oops."

This is a fantastic book about Li's rise from making plastic flowers (sold to the West) to multi-billionaire and owning one of the Hongs, power supplies in the West and property around the world. Li Ka-Shing: Hong Kong's Elusive Billionaire Elltel

what do you mean, follow TariqAli Lead?

Just read this from a bloomberg article.... "“One of the central objectives with respect to each of our investments is to identify all relevant risks,” Combs said in an Oct. 19 letter to investors." Anyone seen Combs letters? Care to post, please?

the article mentioned a company called Kiva Systems... http://www.kivasystems.com/index.html not lsted but very interesting... anyone know of one similar?