dcollon

New commentary from James Montier http://www.gmo.com/America/MyHome/default

As it relates to the real estate portion of the discussion on SHLD, I found it interesting to read in the WSJ that Costco is looking at mall space to expand. Certainly would be an interesting buyer in this area of commercial real estate.

I would also take a look at HIG.a. It's a mandatory convertible pfd they have outstanding and if you are doing work on the common it's worth taking a quick glance of the pfd.

I enjoyed these brief videos and thoughts some of you might as well. FPA's Steve Romick http://www.investmentnews.com/section/multimedia?bctid=407516295001 Roger Lowenstein: Folly of Financials Models http://www.investmentnews.com/section/multimedia?bctid=221165132001 Jim Tisch: Value in Loew's http://www.investmentnews.com/section/multimedia?bctid=115508576001

Bronco, I'm wondering if you are joking about Rick's. You can get food there, but that's not usually why people go. All in good fun...punch it up in google if you haven't seen the name before.

This is going to be another fun one to watch. http://noir.bloomberg.com/apps/news?pid=20601087&sid=and7AiDqtok0&pos=7

Mr. Druckenmiller isn't necessarily the value investor that many on this board relate to, but I have found his comments and portfolio moves over the years to be interesting. He obviously has been successful in his business. http://noir.bloomberg.com/apps/news?pid=20601087&sid=aAxqmEZaonhc&pos=1

http://noir.bloomberg.com/apps/news?pid=20601087&sid=avDb6d2nr6Bc&pos=6

Another bloomberg article with interesting comments on derivatives from Mr. Sokol http://noir.bloomberg.com/apps/news?pid=20601087&sid=aV7QOXZciCyc&pos=4

http://noir.bloomberg.com/avp/avp.htm?N=av&T=Berkshire's%20David%20Sokol%20Discusses%20Outlook%20for%20NetJets&clipSRC=mms://media2.bloomberg.com/cache/v6nhWnHmDJxg.asf and http://noir.bloomberg.com/apps/news?pid=20601087&sid=aGmcEq7Zy6WQ&pos=3

I'm bummed to see HTH go, but I can understand why the company would be interested in taking it out. I still own a few of the preferreds that I bought last year (RE, MKL, C, BAC, MTB) and have bought the following recently (HIG.a, ZB.e). HIG is a mandatory convert and I'm obviously taking more risk with the Zions. I still like this area a lot in light of my views on interest rates and the companies.

There is some new, but also some old in this video. But I always enjoy listening to him speak, so I wanted to share the link. http://tinyurl.com/275tq5w

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aAxkn8zkmFB0&pos=6#

New commentary can be found here http://www.scribd.com/doc/34895648/GMO-Montier-26Jul or here https://www.gmo.com/America/MyHome/default

I apologize since this is somewhat off topic, but I know a few of you enjoy reading Atul Gawande's thoughts on Medicine and other topics. Here is his latest from the New Yorker. http://www.newyorker.com/reporting/2010/08/02/100802fa_fact_gawande?printable=true

You're welcome. It served the same purpose for me.

I thought some of you would find the attached comments interesting.

For all of us Howard Marks fans... http://www.oaktreecapital.com/Memos/Its%20Greek%20to%20Me.pdf

The ACF transaction was interesting to see this morning. Congrats to the shareholders http://noir.bloomberg.com/apps/news?pid=20601087&sid=aaQmt58riIEE&pos=3

Mister, I missed the 8-k with this announcement. Can you forward me a link to an article? Many thanks

Thanks for posting the article.

I love the tie story http://www.washingtonpost.com/wp-dyn/content/article/2010/07/14/AR2010071405107.html http://www.huffingtonpost.com/2010/07/14/barack-obama-gives-warren_n_646570.html

http://finance.yahoo.com/news/CNA-Enters-into-Agreement-to-bw-2051039115.html?x=0&.v=1

Recent piece from Michael Mauboussin http://contenta.mkt1710.com/lp/26966/115068/D9309.pdf

I know what your thinking, of course he is, he's writing for GMO now. But he's also back writing his blog which was always a great read. Here is the link in case you don't have it. http://behaviouralinvesting.blogspot.com/