Dorsia1

Thanks for this Sanjeev. It's always great to see anything that has to do with FFH. Very much appreciated.

I am sure I will get some people who disagree with this but how about the guys at Philip Morris. The past two years they have given back over $20B in dividends and share buybacks since they were spun off from Altria. I guess you can't call them "value guys" but you can't argue with the returns they have generated.

You are insulting Al Capone. He ran a true meritocracy. A different set of rules, certainly, but Bigliar doesn't even come close to comparison. At least with Capone you knew the rules. Bigliar is like the little kid playing a game who changes the rules during the game to ensure that he wins. Capone stayed true to his agenda. You simply can't say the same thing for Sardar.

Great. Thank you.

Do you have a link for this? I would be very interested in seeing the list. I would think Bruce Flatt has to be up there as well.

Hi Eric, Were those the Jan11 PUTs?

http://www.vancouversun.com/business/fp/Mega+Brands+recapitalization+plan/2688614/story.html

What puzzles me is that previously, Berkowitz stated these financials were way too complex to figure out. Now it seems with AIG and C that the fog has cleared for him. Is there anything anyone can find where he explains why the complexity is no longer an issue? I am not tryng to be critical, I am just trying to see what he now sees or at least how he now sees it.

The margin interest rate only gets triggered if you actually get assigned.