dcollon

There is an interesting preferred that was just issued by Qurate if anyone is still looking for ideas.

Xerxes, I read the book, but not cover to cover. There were some highlights of CEO's / Founders that I wasn't as familiar with, so in that sense it was interesting and made me want to read the actual letters. However, there were also some CEO's highlighted that I felt were pretty useless. I wouldn't have a problem recommending the book as something that you can jump around and read intermittently.

Thanks for the recommendation wabuffo. I'm looking forward to reading it.

There have been a lot of very worthwhile posts on this thread, but it has kind of gotten off the rails. I have truly learned from all of you, but let's try to get it back to facts as we know them today...realizing this is a very fluid situation. Thanks so much for all the data, articles, charts, etc...

Chuck has been doing well for his investors since the early 90's. I would suggest contacting his firm to try and get his long-term numbers. They are usually willing to share the results, but maybe not anymore. The results are tied to separately managed accounts that go back longer than the mutual funds. Part of the problem is portability of returns. Therefore, you could also go back and dig up the results on the FBR focus fund that he managed, which also did quite well. This is a great thread...thanks for starting it chrispy.

Thanks for sharing Liberty. I always enjoy listening to Chuck.

Muscleman, I have found that it's easiest to use Schwab for most of what I do, but then again I'm likely lazy. I move money back and forth between my brokerage account and checking account. I move any excess cash to my brokerage account and buy short-term higher yielding securities. It allows me to pick-up about 100-200 bps on excess cash.

Thanks for posting the interview Liberty

Thank you for posting the link.

Thanks for posting LongHaul

There are some great short clips on this site. I thought some of you might enjoy them. https://www.bbc.co.uk/programmes/m000179b/broadcasts/2018/11

[amazonsearch]The Case Against Education[/amazonsearch] was an interesting book that I think a lot of you would enjoy. Although it could have been much shorter, it really makes you think about education and signaling vs. knowledge. Here is a brief discussion about the topic and the book with Rory Sutherland https://www.bbc.co.uk/programmes/m000179b

Discussion about Health Care and Malpractice https://www.valuewalk.com/2018/11/malpractice-insurance-warren-buffett/

Boilermaker75, It absolutely ruined me when I saw it on Saturday. So much fight in that young man. Simply amazing.

Very solid win. The story below is both amazing and sad. So much respect for the team and Tyler. https://www.hammerandrails.com/2018/10/20/18003654/espn-college-gameday-feature-on-tyler-trent

I would recommend [amazonsearch]I Love Capitalism![/amazonsearch] by Ken Langone. I was familiar with Mr. Langone, but the book provided more color into his personality, successes, schooling, fights with Spitzer, buisness relationships, etc... I think some of you might enjoy it as well. All the best, David

Valueinvesting, That's helpful. Much appreciated.

Thanks Global. I'm in the US. I will try using Safari.

Do you any of you have trouble with the videos loading? I have tried using different browsers, but nothing seems to help. Thanks

I think Rory Sutherland, among others, has made some good statements about McDonald's which relates to your question. "This conservatism applies to our taste in food: we feel very comfortable eating food which tastes identical to food we have eaten in the past, since the very fact that we are contemplating the decision is evidence that it did not kill us in the past. Ray Kroc, the former owner of McDonald's, spotted this tendency: "People don't want the best burger in the world," he stated, "they want one which tastes just like the one they had last time." https://www.econsultancy.com/blog/9614-profile-ogilvy-s-rory-sutherland-on-human-behaviour-and-innovation http://www.wired.co.uk/article/rory-sutherland-knows-how-to-save-marketing

https://www.manhattan-institute.org/html/2018-alexander-hamilton-awards-langone-and-druckenmiller-11214.html

Bloomberg: As Warren Buffett's Empire Expands, Many Jobs Disappear https://www.bloomberg.com/graphics/2018-warren-buffett-job-creator/

Thanks very much for posting the archive link.

He had so many great comments/quotes, but here are a couple of my favorites: “My expectations were reduced to zero when I was 21. Everything since then has been a bonus." “I regard the brain as a computer which will stop working when its components fail. There is no heaven or afterlife for broken down computers; that is a fairy story for people afraid of the dark.”

"We are outspoken about our optimism. These days, though, optimism seems to be in short supply. The headlines are filled with awful news. Every day brings a different story of political division, violence, or natural disaster. Despite the headlines, we see a world that’s getting better." https://www.gatesnotes.com/2018-Annual-Letter?WT.mc_id=00_00_00_share_em