berkshiremystery

Count me in to help,... as I could come 1 or 2 hours earlier,... it wouldn't be much of a problem since I stay anyway just across the street from the Fairmont. You only have to hope that I arrive safe and sound in Toronto. :)

I think that's just a cut & paste of the bloomberg headline, which was in caps. I guess so,... There are more elderly men with the same problems, and they still dance around happily. http://blogs.wsj.com/deals/2012/04/17/high-profile-figures-who-beat-prostate-cancer/?mod=yahoo_hs <snip>.... Michael Milken – The former junk bond giant founded the Prostate Cancer Foundation in 1993 after he was diagnosed with the disease. Joe Torre – The former Yankee’s manager was diagnosed in 1999, and went on to win the World Series that year while publicly becoming a face for fighting the disease. Nelson Mandela – In 2001, at the age of 83, the former South African leader was diagnosed. He is still living at 93. Rudy Giuliani – The former New York mayor was diagnosed mid senate run in 2000. Arnold Palmer – The golfing legend was operated on in 1997, already in his 60s, and is still golfing today. His name is on the Eisenhower Medical Center’s Arnold Palmer Prostate Cancer Center. Colin Powell – Diagnosed while secretary of state, continued in office. ...</snip> ---------- Buffett’s Cancer No Reason to Sell Berkshire: Tilson Tilson has done some Internet research and tells us, “I’m relieved to tell you the 5 year survival rate for stage 1 prostate cancer is 99.9%." http://www.cnbc.com/id/47078965?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

Guys, this seems as some non-event,... I'm not so worried. Actually my dad had some kind of benign prostate problems too,... probably for the last 10-15 years,... he is old, and still alive. His doctors told him that such small benign prostate problems have almost all elderly men in later life. If these problems are small and don't grow,... like some small... more widened prostate, as in his case, it can even go unchecked. He might rather get struck by a truck. So,... I'm rather worried about our nice board member, who wrote the header of this message thread in "capital letters". I guess that he had some good intentions to show us these urgent news. But I personally stay calm about this. I feel, somebody might rather get some eye sickness reading those capital letters,... at least my head still spins ::) I urge you to stay calm, and sleep peacefully tonight,... as I will. Cheers!

Under new rules of the Dodd-Frank Act, signed by President Obama in July 2010, Congress required hedge funds with assets of $150 million or more to register with the SEC by March 30 and to file reports on the leverage. It was one of several provisions designed to help regulators control risks to the financial system. Citadel reported $115.2 billion of regulatory assets in a March 30 filing with the SEC, compared with $12.6 billion of net assets. Millennium disclosed comparable figures of $119 billion and $13.5 billion as of year-end. Citadel Soars to $115 Billion With Reporting Rule Change http://www.bloomberg.com/news/2012-04-13/citadel-soars-to-115-billion-with-reporting-rule-change.html <snip>... ================================================================ Fund Regulatory Assets Net Assets ================================================================ Bridgewater Associates $121,007,400,554 $121,000,000,000* Millennium Mgmt $119,000,070,000 $13,512,188,000 Citadel Advisors $115,208,973,792 $12,610,000,000 AQR Capital Mgmt $75,642,756,187 $43,500,000,000 D.E. Shaw & Co. $49,315,000,000 $16,500,000,000 Renaissance Technologies $48,980,049,045 $20,000,000,000 Pine River Capital Mgmt $44,733,152,526 $7,150,000,000** S.A.C. Capital Advisors $43,827,960,417 $13,039,600,000 Cerberus Capital Mgmt $40,180,435,963 $19,500,000,000 OZ Mgmt $35,234,349,244 $29,500,000,000** Paulson & Co. $30,545,850,000 $30,500,000,000* Elliott Mgmt Corp. $29,762,032,247 $29,762,032,247* Moore Capital Mgmt $29,739,680,486 $14,723,337,831 Farallon Capital Mgmt $28,911,501,446 $19,276,900,000 Angelo, Gordon & Co. $26,631,184,168 $26,600,000,000* Lone Pine Capital $24,827,697,900 $19,100,000,000 Adage Capital Mgmt $24,492,584,514 $15,931,400,000 Baupost Group $23,752,781,342 $23,752,781,342* Viking Global Investors $22,538,977,341 $16,203,894,475** Highbridge Capital $22,211,343,072 $19,618,599,502 Convexity Capital $21,969,300,000 $14,003,600,000 Capula Investment US $21,000,000,000 $1,600,000,000 Tudor Investment Corp. $19,450,190,442 $19,450,190,442* Eton Park Capital Mgmt $19,401,291,008 $11,846,524,268 Tiger Global Mgmt $16,992,700,000 $13,765,800,000 Oak Hill Advisors $16,212,171,543 $12,861,000,000 Invesco Senior Secured $15,959,470,247 $16,000,000,000 Maverick Capital $15,205,053,349 $15,000,000,000* Appaloosa Mgmt $14,605,972,000 $12,012,276,000 Canyon Capital $14,521,413,000 $14,500,000,000* Carlson Capital $13,688,515,417 $13,700,000,000* QVT Financial $13,452,851,221 $5,448,756,389 Taconic Capital $13,204,408,395 $8,240,000,000 HBK Capital Mgmt $12,978,682,000 $12,978,682,000* Third Point $11,980,000,000 $9,100,000,000 Caxton Associates $11,888,260,131 $11,888,260,131* Black Diamond Capital $11,291,710,478 $11,291,710,478* Brigade Capital Mgmt $10,822,180,170 $10,822,180,170* Magnetar Financial $10,723,994,744 $10,723,994,744* ESL Investments $10,575,000,000 $6,700,000,000 Pershing Square Capital $10,479,603,293 $11,287,035,042** Perry Capital $10,476,889,323 $7,346,600,000 Diamondback Capital Mgmt $10,245,843,754 $2,533,131,216** K2/D&S Mgmt $10,071,923,907 $10,071,000,000* Paulson Mgmt $9,526,813,000 $9,500,000,000* Balyasny Asset Mgmt $9,120,737,128 $4,020,000,000 Aladdin Capital Mgmt $9,100,500,000 $9,100,500,000* Vinik Asset Mgmt $8,892,796,850 $8,900,000,000* Greenlight Capital $8,836,997,393 $8,836,997,393* Saba Capital Mgmt $8,222,238,107 $5,508,700,000** Total: $1,347,441,287,144 $820,818,595,577 ================================================================ *Firm did not report separate figure for net assets **Assets as of Jan. 31 for Diamondback; Feb. 29 for Pershing and Viking; and March 1 for Saba, Pine River and OZ. ...</snip>

Some new articles about Bruno Iksil. He has outsized bets in the credit-derivatives markets,... one of which they say may be as large as $100 billion. JPMorgan’s London Whale Could Use New Nickname http://www.bloomberg.com/news/2012-04-12/jpmorgan-s-london-whale-could-use-new-nickname.html J.P.Morgan: A London Whale ? He's more of a Shrubbery? http://blogs.wsj.com/deals/2012/04/13/j-p-morgan-a-london-whale-hes-more-of-a-shrubbery/

You both are right,... but anyway how it turns out, they hopefully pay with some overvalued currency, while it's still expensive. After facebook's IPO, they would probably have less negotiating powers. Interesting to see who did provide the seed money for Instagram. https://www.secondmarket.com/company/instagram

Facebook buys Instagram for approximately $1 billion in cash and stock. Well,... I probably wouldn't want to buy Facebook at a PE above 100, but it makes sense to pay with some overvalued currency. If they are smart, they pay mostly in stock instead of cash. http://dealbook.nytimes.com/2012/04/09/facebook-buys-instagram-for-1-billion/ http://finance.fortune.cnn.com/2012/04/09/breaking-facebook-buying-instagram-for-1-billion/?section=magazines_fortune Instagram @ Wikipedia http://en.wikipedia.org/wiki/Instagram

At least they are both in the top 10 this quarter, even if a rational investor shouldn't care about quarterly numbers. I enjoy their comeback ;D Best Hedge Funds: First Quarter 2012 http://www.insidermonkey.com/blog/2012/04/04/best-hedge-funds-first-quarter-2012/ http://seekingalpha.com/article/484591-top-stock-picks-of-best-performing-hedge-fund-managers?source=yahoo 2. Fairholme – Bruce Berkowitz: Bruce Berkowitz is showing investors (and John Paulson) that investing is a marathon. After last year’s terrible performance, his 16 stock picks returned 38.2% during the first quarter. 4. ESL Investments – Eddie Lampert: Lampert’s top picks pulled back a little bit since we last compiled the list of best hedge funds. However his 8 large-cap stock picks returned 36.9% during the first quarter. 8. Chou Associates Management: Francis Chou managed to find 17 large-cap stocks that can deliver a 31.9% return in the first three months of 2012.

London's Biggest Whale Here's an interesting article about a secretive trader named Bruno Iksil. He works at JP Morgan's London branch in the banks chief investment office. Iksil's outsized bets in credit derivatives are drawing attention to a little-known JPM division that invests the company’s reserves and fueling a debate. He has a staff of 400 traders from Wall Street, who help oversee $350 billion in investments. JPMorgan Trader Iksil Fuels Prop-Trading Debate With Bets http://www.bloomberg.com/news/2012-04-09/jpmorgan-trader-iksil-fuels-prop-trading-debate-with-bets.html

Here's Tilson's T2 Partners March 2012 letter to his investors. Enjoy the reading! http://www.scribd.com/document_downloads/direct/87716593?extension=pdf&ft=1333758664&lt=1333762264&uahk=4c9ABjHjMud+FZtLL7703fDCwfs or the main source also at: http://myinvestingnotebook.blogspot.de/2012/04/whitney-tilson-march-2012-letter.html

Warren & his wife Astrid Buffett were at the State Dinner in honor of British Prime Minister David Cameron at the White House, last month. Here's are photos from the event: http://www.i4u.com/gallery/2012/04/warren-buffett/buffett-business-cant-take-shortcuts?nr=0 http://www.daylife.com/photo/0aByd7U45UbZM?__site=daylife&q=Warren+Buffett

Tell Andy, that he shouldn't worry so much about that,... ;D I haven done that intentionally ;) myself, some years ago, because as a collector of these books, I wanted to get a hold on an older outdated version intentionally. So you never know if someone still likes to grab some older version for collecting the series. Sure, and therefor the new version of the book is always the best.

Nope,..l don't have. But I haven't followed him/them lately. Now I'm surprised to see that they have an IPO of Oaktree. http://www.valuewalk.com/2012/03/oaktree-ipo-to-bring-payday-for-howard-marks/

Marlin,... I just saw this years cover for the first time some seconds ago on your website. I must say the title,... "Odyssey Edition..." has struck me a little by surprise. My brain played with me a trick,... thought about Odyssey Re Holdings Corp, Fairfax's subsidiary. ;D Anyway,... seems a terrific title for the new updated version of Andy's book. Only seems that he has gone back to a 1 volume edition with 1268 pages, or am I mistaken. Just wonder why he went from the 3 volume, 2000 pages in 2010 to the now compressed version.

PlanMaestro wrote in his worldpress-blog about the 2nd (hidden) warrant thesis discussed in this thread. TARP warrants: let every eye negotiate for itself and trust no agent by PlanMaestro 2012-04-01 http://variantperceptions.wordpress.com/2012/04/01/tarp-warrants-let-every-eye-negotiate-for-itself/

More from the same event with a pic... http://www.torontosun.com/2012/04/01/buffett-sings-song-as-paperboy

These 3D printers become available for $1,299 at the home consumer market. Cube 3D Printer @ cubify.com http://cubify.com/cube/index.aspx Manufactured by 3D Systems, Corp. http://www.3dsystems.com/ 3D Systems, Corp (DDD) @ Yahoo! Finance http://finance.yahoo.com/q?s=DDD ------------- Girls going crazy with Cubify replicated shoes... Girls love shoes, especially when 3D printed... Here is a funny video... ;D Watch Out! We might soon seen swarms of college girls cloning Chanel high heels. http://www.youtube.com/watch?v=_5HZ4v-CP40

Sanjeey,... Beware, 3-d printing will be the next Napster -- "the Napster of manufacturing", period! 3-d printing will be somehow a preceding technology in the human evolutionary chain that might lead to "STAR TREK The Next Generation" type of "replicator". A printer, replicator, synthesizer or whatever you would call such a future machine, filled with cartridges that hold basic chemical elements or DNA. It will create copyright and royalties questions in never seen dimensions, and it will be so disruptive that it will surely distroy companies moats. Just in its infancy, personal 3-d printing technology already shows the same disruptive potential as Napster. Broken dishwasher part? Download illegally the relevant CAD file of the broken part and now print it out in plastic. Funny thing,... hasn't money become obsolete in the Star Trek:TNG federation world and only the kinky Ferengi traded in Gold-Pressed Latinum. I have a thesis ::),... the napstering of everything through this replication process! ZCorp's 3D Printer replicates a wrench ZCorp. Homepage http://www.zcorp.com/en/home.aspx http://www.3dsystems.com/ --- 3D printing @ Wikipedia http://en.wikipedia.org/wiki/3D_printing Replicator (Star Trek) @ Wikipedia http://en.wikipedia.org/wiki/Replicator_(Star_Trek) Timeline/History of Printing @ Wikipedia http://en.wikipedia.org/wiki/History_of_printing The next Napster? Copyright questions as 3D printing comes of age http://arstechnica.com/tech-policy/news/2011/04/the-next-napster-copyright-questions-as-3d-printing-comes-of-age.ars

http://blogs.barrons.com/focusonfunds/2012/03/30/ar-the-top-earning-hedge-fund-managers-of-2011/?mod=google_news_blog http://www.reuters.com/article/2012/03/30/us-hedgefunds-survey-idUSBRE82T0X620120330 http://lifeinc.today.msnbc.msn.com/_news/2012/03/30/10938923-the-rich-list-kept-getting-richer-in-2011 http://www.ft.com/intl/cms/s/0/93d9db00-79af-11e1-8fad-00144feab49a.html#axzz1qfIBszN9

Thanks MrB,... for reminding us about Larry Sarbit performance. Forgot,... hasn't Sanjeev interviewed him once at the old MSN board.

There is a third book written about the Kelly criterion, also good to read like "Fortune's Formula" by William Poundstone and a much easier read than the mathematical book "The Kelly Capital Growth Investment Criterion" by Leonard C. MacLean, Edward O. Thorp and William T. Ziemba. The book is called "Scenarios for Risk Management and Global Investment Strategies", also written by William T. Ziemba. The entire book is about the Kelly criterion, Buffett, Ed Thorp and optimized betting. Scenarios for Risk Management and Global Investment Strategies (The Wiley Finance Series) by William T. Ziemba and Rachel E. S. Ziemba http://www.amazon.com/Scenarios-Management-Investment-Strategies-Finance/dp/0470319240/ Hardcover: 334 pages Publisher: Wiley; 1 edition (January 8, 2008) Language: English ISBN-10: 0470319240 ISBN-13: 978-0470319246

I know most guys here probably already know Mark Sellers article, but I post it again for the newbies on this board: So You Want To Be The Next Warren Buffett? Howís Your Writing? By Mark Sellers http://www.manualofideas.com/files/sellers.pdf

Wow. Those FFH leaps really paid off if you can afford a 100,000,000.00 house. LOL Well, ubuy2wron, I think Ericopoly means probably Russian billionaire Yuri Milner, the founder of Digital Sky Technologies and an investor in Facebook, Groupon. http://www.google.com/#sclient=tablet-gws&hl=en&safe=off&tbo=d&q=100+million+dollar+house+los+altos&oq=los+altos+house+100&

1) Yes,... the lowest purchase for me was at $5.50, about 2 or 3 days before X-mas,... I was probably to greedy, :-[ while it was at the low of $4.92, thinking that I might get an even lower price. 2) Nope,... I didn't care if an insider would purchase shares and trusted my own analysis!

"and all have been bought in the range between $42-52" Slight correction: Those were all SALES between $42 and $52. Oops! You got me :-[ I didn't look at the "s" , thanks for the correction, Ericopoly !