dcollon

From WSJ Op-ed Buffetts_Latest_Tax_Break_WSJ.pdf

Thanks for the $6 suggestion. I wasn't aware of that option. I will probably just wait until he puts it on his website.

I have always had a portfolio of mixed ideas. I have enjoyed buying and then holding really good businesses that get inexpensive every once and a while (JNJ, BRK, etc..). I then have a decent percentage of capital invested in other ideas i.e. warrants, preferreds and common stocks of smaller businesses. However, this is not a buy and hold area of my portfolio. For example, I have been in an out of various preferred securities numerous times in the last 4 years. Then I always have excess cash, because I never know when I will have a chance to take advantage of public or private opportunities.

If anyone has access to this full article http://www.newyorker.com/archive/1999/07/05/1999_07_05_034_TNY_LIBRY_000018532?currentPage=all I would enjoy reading it. Thanks

Here's the WSJ's response to Mr. Buffett's Op-ed

The last I saw was that he has compounded capital at roughly 16% since starting his fund in 1991. I don't have the breakdown of yearly results though.

http://www.institutionalinvestor.com/Article.aspx?ArticleID=2884101&LS=EMS559321

Interview with Keith Trauner and Larry Pitkowsky.

Packer, We could always start our own event in a city or area that is easily accesible by air. It doesn't need to be big or expensive. I think it would be a great opportunity to share ideas and make new friendships. Just a thought.

I would also highly recommend Fortune's Formula by William Poundstone. It's a good introduction and history of edge/odds.

Sanjeev, Based on this study http://www.victoria.ac.nz/staff/john_randal/Papers/donations-1.pdf maybe you should list the big donations. :) As I said earlier, you and the members of this board are well worth a donation.

I'm happy to donate Sanjeev.

Transcript from seekingalpha.com http://seekingalpha.com/article/286691-bank-of-america-corporation-special-call

Mr. Keough is back in the market buying a little more.

Very true Myth. I agree. It's important to differentiate between investors.

Thanks for posting. I was once told the following from an old hedge fund manager: Don’t try and pick the bottom, AS LONG AS THEY ARE GOOD BUSINESSES, buy them all the way down. That way you will definitely own them at the bottom.

rogermunibond, Your comment make me think of this http://www.youtube.com/watch?v=5hfYJsQAhl0. Hopefully we can all have a little laugh today.

Nice, quick view of historic events. Thanks for posting the link.

http://www.fairholmefunds.com/pdf/AnnualReport.pdf

The comments on this thread have been great. Hester, Myth and Oddballstocks...well said.

http://www.bloomberg.com/news/2011-08-01/former-gen-re-aig-executives-get-insurance-fraud-convictions-thrown-out.html

Resource Limitations 2: Separating the Dangerous from the Merely Serious (see attached)

It's hard to think about losing either one, but I'm not sure if I will miss Warren or Charlie more. Biaggio, yes he will still be at the Berkshire meetings hopefully for a long time to come.

Hopefully this video link will come through. If it doesn't just go to wealthtracks website and you will find the video. http://www.wealthtrack.com/video_player-05.html

For those of you interested http://www.zerohedge.com/article/greenlight-dumps-recently-purchased-yahoo-stake