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berkshiremystery

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Posts posted by berkshiremystery

    Benmosche vs Moynihan

    in General Discussion

    Posted

    Here's an overview of Moynihan's BAC shareholdings in recent years. He owns currently 449,655 BAC shares, and almost 2/3 have been bought before the financial crises. He owned on Aug. 20, 2007 about 259,991 shares, and all have been bought in the range between $42-52. So it's seems that on a net basis he is still underwater, but this should also considered as a driving force for his character to increase shareholder value.

     

    http://www.insidercow.com/history/insider.jsp?Cik=0001195071&company=BAC&name=MOYNIHAN%20BRIAN%20T&title=%20officer%20(Pres%20Gbl%20Bkg%20&%20Wlth%20%20Mgmt)

     

    BRK Annual Meeting Question

    in Berkshire Hathaway

    Posted

    Txlaw,

     

    The Yellow BRK'ers Meet and Greet is a great event for a first timer and anyone else:

     

    Berkshire Hathaway shareholders from all online communities are welcome to an unofficial gathering on Friday, April 29, 2011.

     

    You are invited to join as fellow shareholders unofficially gather on Friday, May 4th, 2012 at the DoubleTree Hotel in Omaha to meet and have fun, starting at 4:00 pm and you can linger until 7:00 pm (or longer). There will be a short program at approximately 5:00 or 5:30.

     

    This is a casual atmosphere, with light snacks available. It's a "happy hour" type of gathering - not a formal dinner or anything of that sort.

     

    The DoubleTree is located on 16th and Dodge. There may be some street parking, otherwise, one can use the parking garage with an entrance from the South at 16th & Dodge street, just east of the First National Bank.

     

     

    To register for the event: http://www.amiando.com/YellowBRKer.html?page=490881

     

    I'm only confused about your old outdated link for last years event (April 29, 2011)

    http://www.amiando.com/YellowBRKer.html?page=490881

     

    I only know the following link for this years event (May 4th, 2012).

    http://www.YellowBRKers.com/

     

    Hotel Rooms For Fairfax Financial Dinner & AGM

    in General Discussion

    Posted

    Don't worry,... I know, these booking engines are sometimes troublesome to search. Now, I got myself something across the street, at York/ corner Wellington. Got the combo already last weekend at Expedia. My main consideration was the flight price, I would get it more affordable, about 1/3 less,  if I would add some 2 days, thus my hotel bill would have increased. Anyway, I haven't realized while booking that the people at the Fairfax office tower might have a grand view out of their windows into the hotel room windows.  ;D

    Hotel Rooms For Fairfax Financial Dinner & AGM

    in General Discussion

    Posted

    For those that have not booked your hotel yet for Toronto, we have a block of rooms set aside at the Fairmont Royal York at $209 CDN per night.  They will be available till March 30th.  When you call, give them the room block code of "CORN0412".  Cheers!

     

    I appreciate your effort that you made some block of rooms available at the Fairmont.  ::)

    I just would us bargain seekers make aware that through the worlds leading hotel MetaSearchEngine

    "TriVaGo.com", there are even cheaper rooms available at the Fairmont. I tried to play around for the days Tues.24 til Fri.27, and I got some single room starting at $153CDN per night. "trivago.com" crawls and harvesting over 100 different booking engines and plays arbitrage for the lowest possible price.

     

    trivago.com

    The worlds leading hotel MetaSearchEngine

    Searches over 111 booking engines and over 550446 hotels

    http://www.trivago.com/

     

    I just want to make aware that "Expedia.com" also offers some good combined bookings of "flight + hotel" at incredible good prices. I myself was lazy and didn't act fast enough some months ago.  ::) :-[ Forgot the exact combined price of flight + hotel, but the Fairmont came almost for nothing. I could kick my ass myself.

     

     

     

     

    Forbes article -> Warren Buffett's $50 Billion Decision

    in Berkshire Hathaway

    Posted

    Wow, amazing pictures. Thanks for sharing.

     

    Well,... here's also some nice picture of Prem & his wife Nalini,... not sure if people know her. At least Sanjeev has high regards for her. He said that she always asked him each year at the FFH AGM how he is doing and how the funds are.

     

    I guess this is the wrong message thread, but anyway... here is some pic from last October 2011.

     

    http://beta.images.theglobeandmail.com/archive/01327/society-diwali8_1327915cl-8.jpg

    C-IBC’s Diwali gala. @ the 8th annual Canada-India Business Council gala.

    Shashi & Sunanda Tharoor with Nalini & Prem.

    Forbes article -> Warren Buffett's $50 Billion Decision

    in Berkshire Hathaway

    Posted

    Forbes has a new article from Buffett:

     

    Warren Buffett's $50 Billion Decision

     

    http://www.forbes.com/sites/randalllane/2012/03/26/warren-buffetts-50-billion-decision/?partner=yahootix

     

     

    Warren Buffett: Photo from the Early Years

    http://freepicupload.com/images/304web_pic01.jpg

    The Buffett Family in circa 1962.

     

    http://freepicupload.com/images/985web_pic02.jpg

    WeB's Wedding Day

     

    http://freepicupload.com/images/199web_pic03.jpg

    WeB on vacation in jail,...only some funny photo ;)

     

    http://freepicupload.com/images/918web_pic04.jpg

    WeB with Susie

    42% Return Annually Since 1999?

    in General Discussion

    Posted

    This article also mentions Prem...

     

    http://dailyreckoning.com/the-biggest-fire-sale-in-history/#hl-banks

     

    One such investor is a guy named Bill McMorrow. You’ve probably never heard his name before. But his current joint venture fund has returned 42% annually since it began in 1999 by buying up distressed property from banks.

     

    McMorrow has a lot practice buying stuff from banks. In 1995, he bought up property debt from troubled Japanese banks. In 1997, he waded into Hawaii’s busted property market, picking up a 450-acre land parcel at Kohanaiki on the “Big Island.” In the U.S. financial crisis in 2008, he bought up apartment buildings in California. This is the sort of thing that builds 42% annual returns through the storms of crisis-filled markets.

     

    His company and partners recently bought $1.8 billion of U.K. real estate from the troubled Bank of Ireland at a 20% discount to the face value of the loans.

     

    “This is a very high-quality loan portfolio,” McMorrow said. “All the loans are current.”

     

    http://www.kennedywilson.com/investments

     

    I just wonder why the article doesn't say right ahead the company name. Just for the unaware readers here -- Kennedy-Wilson (KW) is this company. So good to know that Fairfax has partnered with them.

    Guy Spier - Aquamarine Fund - Partner Letter 2012-02

    in General Discussion

    Posted

    What's the company that the Daily Journal bough a huge amount?

     

    BeerBaron

     

     

    Munger’s Daily Journal Adds Sixth Holding to Portfolio

    2012-02-10

    http://www.bloomberg.com/news/2012-02-10/munger-s-daily-journal-broadens-investment-portfolio-with-a-sixth-holding.html

     

    Munger's Daily Journal Corp: Investment Portfolio Equals Nearly 80% of Market Cap

    2012-02-14

    http://theinvestmentsblog.blogspot.de/2012/02/mungers-daily-journal-expands-portfolio.html

     

    DAILY JOURNAL CORP CIK#: 0000783412 (see all company filings)

    Mailing Address

    355 SOUTH GRAND AVENUE 34TH FLOOR

    LOS ANGELES CA 90071-1560

    Business Address

    915 EAST FIRST STREET

    LOS ANGELES CA 90012

     

    Here are all their SEC filings:

    http://www.sec.gov/cgi-bin/browse-edgar?company=Daily+journal&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

     

     

     

     

     

     

    Will Klarman Buy More TRGT after its 35% Haircut?

    in General Discussion

    Posted

    If it was not for the cash burn then I can make sense of purchase which would a be buy at a discount to IV(cash) + get the pipeline for free. All their R&D is in phase II which would be high risk in my opinion. Maybe he knows something about some of these potential products.

     

    I think its a very small position ~ 1% for him.

     

    Here you have a view into his portfolio:

    http://holdings.nasdaq.com/asp/OwnerPortfolio.asp?FormType=OwnerPortfolio&CIK=0001061768&HolderName=BAUPOST+GROUP+LLC%2FMA

    Will Klarman Buy More TRGT after its 35% Haircut?

    in General Discussion

    Posted

    And down again recently. Anyone have thoughts on this one?

     

    TRGT @ $5.12 looks cheap, if someone compares it with BV of $5.22 and cash of $5.84.

    http://finance.yahoo.com/q/ks?s=TRGT+Key+Statistics

    But I don't know anything else about their future earnings prospects?

    http://finance.yahoo.com/q/ae?s=TRGT+Analyst+Estimates

    It could be from extreme negative to extreme positive, but I rather think after the current situation, that earnings might be rather sluggish and nothing. Anyway I just looked into TRGT for the first time. BV could lose if the burn further money. Cheers!

     

    AmazonLocals sells only today $10 gift cards at half intrinsic value

    in General Discussion

    Posted

    interesting idea. of course it isn't going to cost amazon $5 a card because lots of people won't use them. but the idea encourages people to register and use the site and buy something, likely for way more than $10. it's a promotion like any other. it's like offering a $ rebate.

     

    I guess that mighty Amazon tries with it's new AmazonLocals.com site to compete with Groupon Inc.. Amazon has invested about $175 million in AmazonLocals. I guess that they now spend some money to push the user base up. Let's say 1 million sold Amazon Gift Cards @ $10 face value (=$10m face value), brings  them only $5m, the remaining other $5m might be put up out of the $175m budget to establish this new brand.

     

    -----

     

    Anyway,... here I add the link of "BookButler.com" for the thrifty readers  ;)

    http://www.bookbutler.com/

    BookButler.com is a meta search engine, that crawls and harvests worldwide all Amazon branches and also all Amazon PowerSellers worldwide for the cheapest available price for any specific book ISBN. It's like playing arbitrage for the lowest available book price. I'm addicted to this site, because it has reduced my yearly book expenses significantly. ;D  I probably now purchase more books.  ::) I feel like using house money.  8)

     

    Here's a list of all online book shops that BookButler crawls.

    http://www.bookbutler.com/stores.html

     

    -----

     

    It's almost 9pm EST.

    The Amazon gift cards are now sold out. They just reached the 1 million mark.

     

    AmazonLocals sells only today $10 gift cards at half intrinsic value

    in General Discussion

    Posted

    Great deal! Does Amazon UK ever off those?

     

    I'm an Amazoholic.  :'(

     

    tombgrt,..

     

    Every Amazon account holder worldwide can purchase this code in US-Dollars only, at the US AmazonLocals.com site, only today, and it's valid only to shop at the US Amazon.com site !!!

    Just to make people aware, if somebody has an Amazon.com, uk, fr, it, ca, or de account at the worldwide Amazon branches, he or she can login with the same username and password at all the worldwide Amazon branches or vice versa. So somebody at the Italian Amazon.it can login at the British Amazon.uk. Or some American user from Amazon.com can also login at the French Amazon.fr site. I myself have shopped at the local branches often just to play arbitrage with the book prices,... ;D Occasionally an English language book is much more cheaper at one of the worldwide Amazon branche sites or at the worldwide Amazon MarketPlace PowerSellers, so I search for a certain book ISBN at a meta-search-engine to harvest the worldwide cheapest price.

     

    Today's $10 Amazon Gift code could be purchased by somebody with an Amazon.uk account, but it can only be redeemed at the Amazon.com US site, with books that can be shipped worldwide,... so also to the UK.  -- Hope this helps.

    AmazonLocals sells only today $10 gift cards at half intrinsic value

    in General Discussion

    Posted

    I know, somebody might beat me up for posting this,  :-[ because it seems like an endorsement deal.

    But since we all are value conscious investors and also bargain shoppers of investment books, I might get the attention of a few thrifty board members.  ;D

     

    Article at USA Today:

    http://www.usatoday.com/tech/news/story/2012-03-19/amazon-gift-card/53655794/1

     

    I read accidentally yesterday while surfing the net, that amazon's new sister site "AmazonLocals"

    offers only today, Tuesday, March 21, 2012, over a period of 24 hours, probably 1 to 1.5 million of "$10 Dollar - Amazon Gift Cards" for only half price. Someone only pays $5 for a face value of a $10 Amazon Gift Card. These cards can only be purchased at:

    http://local.amazon.com/

    http://www.amazonlocal.com

    Everybody can login with their normal Amazon id. This "$10 Amazon Gift Card" can be purchased electronically with a credit card, and the redeem code comes some hour later by email. It can be credited to your normal US Amazon account balance and is valid unlimited in time to purchase books or other items on Amazon.com. Unfortunately only one code can be purchased per Amazon account.

    I just got mine some hours ago. I will use it to get Tony Griffiths book at a bargain price. :P

     

    -----

     

    Sanjeev might want to delete this message by tomorrow, after it has become outdated !  ::)

    2012 Fairfax Financial Shareholder's Dinner Information & Tickets

    in Fairfax Financial

    Posted

    Hi,

     

    I am new on this board.  Is it still possible to get tickets for the Dinner?

     

    Sure,... at least seems so, unless Sanjeev would have taken down the payment link to purchase tickets.

     

    Here's the link:

    http://cornerofberkshireandfairfax.ca/

     

    You buy the tickets at www.cornerofberkshireandfairfax.ca (top of right hand column) at the PayPal link.

     

    Everyone that wants tickets, has done it this way.

     

    Hope this helps.

     

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