motownsf

For a house or hotel room?

Palo alto, ca. +1 on local meet up I can organize everyone's emails in the Bay Area and we can coordinate a meet-up. If you want to join, private message me your email.

Would be fun...

Palo Alto CA

I've looked all over for it as well...No luck

A lot of the best managers who have funds closed to new investors will kick you out of their Fund as an LP if you are found to have distributed the letters. A lot of the letters you find on the internet not coincidentally are out in the public domain because those funds are seeking to attract more capital...

Much better to succeed in the investment business in relative obscurity and the not put oneself in front of the camera, in the papers, etc.

First time I've seen someone mention Dundee Capital Markets here...

What is the name of the book that Nivate Hemvachiravarakorn wrote? Cannot find it on Amazon. Always willing to read interesting value books.

I'm a bear on this guy. He cares more about his legacy and has an inflated view of self-importance... In this era, we see so many money managers who piggyback of the comments and writings of WEB, parade themselves on TV as prophets of WEB, and their businesses grow. I much prefer the managers who use the value principles, but try hard to keep themselves out of the media, rather than actively seeking it out whenever possible in order to grow AUM.

The poodle on the desk and the painting of the American flag with dollar bills in the background crack me up...

Myth, Who would you put in this boat?

I am confused as to how GGO could be a mini brk with illiquid land holdings. Any ideas?

Bidvest is another....

The debt holders effectively own the company now...probably looking forward to taking control with crazy Dov out of the picture.

Mass owns more than 50% of Canoro now.

I stand corrected. I misread one of their filings from 2006. This is not a PFIC.

I have done a lot of work here. One must understand the tax consequences of investing in a PFIC before considering investing in Mass. The Canoro deal, like most of Michael Smith's deals, is an asset play. He has proven since the 80s that he can find undervalued/distressed assets and grab them from weak/distressed hands. If you read back through past filings and news articles, you discover that he buys companies/assets very cheap and hates getting publicity for it. Mass' main business now revolves around trade finance (specifically commodities) where in most cases Mass buys actual commodities from commodity producers who have difficulty accessing credit and do not have the ability to sell to end users themselves. The company makes selective acquisitions and investments with the cash flows generated by this business and now has large amounts of cash to deploy. The company is trading right around book value right now and a little above book at the fully diluted share count.

A wise man recommends "The Invisible Bankers".

SWKH has over $400mm NOLS and $37m market cap.