berkshiremystery

She had a video presentation explaining how a Yahoo finance app might work visually on an iPhone, and explained, what "high", "low", "last trade" would mean. That is Gaga. :o

What are the people in the media bragging about her,... a new teenage Hollywood wonder girl,... somehow just listening to her for only 2 minutes give me the goose-bumps. Sorry,... but if I hear the word "trade", trading on instincts, on trade on technicals,... my mind freak's out the opposite direction,.. like a torero's red rag to a bull,... my mind would slap them Bruce Willis'like in the face, feeling I have the most stupidest person in the world in front of me,... grrr. I bet if you asked her about deeper fundamental accounting and legal terms, beneath BV, IV, PTPP, she has no clue. How many silly school children think they can have such an edge in the market. No one at the top of the Forbes billionaire list has become rich through day trading, Lampert & Berkowitz (not a member) have gone through investing with intensive "stalking the facts" of the fundamentals, having their assistant's go through piles of paperwork, public filings, legacy issues of legal perspectives. And there comes such a weird actress thinking she might be smarter than Buffett, Munger or mathematician Jim Simons. She is not even in the league of smartie Danika McKellar. But what do I know....

http://www.sec.gov/Archives/edgar/data/1067983/000119312513060317/d481559d13fhr.txt Berkshire takes new positions in ADM, Verisign 2013-02-14 http://www.marketwatch.com/story/berkshire-takes-new-positions-in-adm-verisign-2013-02-14?siteid=yhoof2

Seems they just uploaded the real thing some minutes ago.... http://www.fairfax.ca/files/doc_financials/Q4%202012%20-%20Financial%20statements%20and%20MD&A%20for%20website%20FINAL.pdf

Only dataroma seems already running behind the actual reported numbers for SD.... ...the newest SEC filings showed 62,274,656 shares in SD, while dataroma only 32,463,200 shares.... http://www.sec.gov/Archives/edgar/data/915191/000119312513059343/d486660dsc13ga.htm

Don't worry,... :) I made bigger mistakes today with muddle up 3G :-[

Not sure,... at least your URL seems not to work on my iPad,... ERROR 404: File Not Found You are receiving this error message because your browser tried to reach a page or location that does not exist on this site. I might post the SEC CIK link for FFH.... http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000915191&owner=include&count=40&hidefilings=0

I know,... their name 3G could also be mistaken for an old iPhone or some cellular network standard. But have you noticed,... this Jorge Paulo Lemann also started to purchase a tiny stake in SD just recently. http://www.insidermonkey.com/hedge-fund/3g+capital/278/?fp=2012-09-30

Haha,... and that was now what I just realized while googling deeper into 3G,... there are actually two completely different 3G firms in the world. Seems I fooled myself, and it's not April yet :-[,... I might apologize for posting about the wrong 3G. I now deleted the unrelated messages. 3G Capital (by Jorge Paulo Lemann) http://www.3g-capital.com 3G Capital (unrelated company) http://www.3gcapital.com Sure,... would have been fun,... but this only comes if someone like me takes the first 3G too serious.

I already notice some minutes ago ::) ... seems there are some similar 3G Capital firms,... here's the one run by Jorge Paulo Lemann.... http://www.insidermonkey.com/hedge-fund/3g+capital/278/?fp=2012-09-30 http://holdings.nasdaq.com/asp/OwnerPortfolio.asp?FormType=OwnerPortfolio&CIK=0001421669&HolderName=3G+CAPITAL+PARTNERS+LTD%2E

Carol Loomis just wrote an article for Fortune... --- Buffett and Brazilian investor to buy Heinz 2013-02-14 Fortune http://finance.fortune.cnn.com/2013/02/14/berkshire-heinz/?hpt=hp_t2 For Buffett and Lemann, the Heinz (HNZ) deal came out of a close friendship that formed between them when both were directors of Gillette Co. in the 1990s and early 2000s. Buffett was on the board because Berkshire then owned close to 10% of Gillette. Lemann's primary business affiliation at the time was with the Brazilian brewery AmBev.

Thanks for pointing this out,... http://en.wikipedia.org/wiki/Jorge_Paulo_Lemann Lemann is among the backers of 3G Capital. In September 2010, 3G launched a US$ 4bn bid, at a 45% premium over market, for all the stock of Burger King. "3G was advised in the BK offer by Lazard, JPMorgan Chase, Barclays Capital and the law firm Kirkland & Ellis.... [The firm] already has some experience in burgers and fries, having previously invested in Wendy’s."[6]

Berkshire Joins 3G Capital to Buy Heinz in $23 Billion Deal 2013-02-14 Bloomberg http://www.bloomberg.com/news/2013-02-14/berkshire-joins-3g-capital-to-buy-heinz-in-28-billion-food-deal.html?cmpid=yhoo ----- Berkshire and 3G Capital to Buy Heinz for $23 Billion 2013-02-14 NY Times http://dealbook.nytimes.com/2013/02/14/berkshire-and-3g-capital-to-buy-heinz-for-23-billion/?partner=yahoofinance ----- Firms including Warren Buffett's to buy Heinz 2013-02-14 AP http://finance.yahoo.com/news/firms-including-warren-buffetts-buy-130536467.html -----

Lol,... seems to me that the DJCO HQ's are only some footprints away from L.A. UnionStation,... http://s18.postimage.org/ml12ye43t/image.jpg http://s9.postimage.org/dajmucahr/image.jpg

Hope this helps you... PABRAI INVESTMENT FUND 2 (US Accredited Investors) PIF2 +20.5% PABRAI INVESTMENT FUND 3 (Offshore/IRA Investors) PIF3 +23.4% PABRAI INVESTMENT FUND 4 (US Qualified Investors) PIF4 +16.1%

You might enjoy this...

Guy was at our dinner last year, as well as the FFH AGM. Cheers! For the unaware people,... Guy was also an analyst for Bruce Berkowitz's Fairholme Capital Management,... ;)

Thanks Norman,... fantastic video :)

More parts of the video interview.... ----- Berkowitz Says Now Is Not Time to Sell Financials 2013-02-04 Bloomberg.com (2:16 min Video) Bloomberg TV http://www.bloomberg.com/video/berkowitz-says-now-is-not-time-to-sell-financials-vERFIoVmSDyJ3pSTgmmylA.html ----- Berkowitz: I Would Own More BofA if I Could 2013-92-04 Bloomberg.com (4:19 min Video) Bloomberg TV http://www.bloomberg.com/video/berkowitz-i-would-own-more-bofa-if-i-could-POcZ3ENRTvaVnzjGD568nA.html ----- One-On-One With Fairholme's Bruce Berkowitz 2013-02-04 Bloomberg.com (8:48 min Video) Bloomberg TV http://www.bloomberg.com/video/one-on-one-with-fairholme-s-brice-berkowitz-zBlSewj_T0KTInzut650UQ.html ----- Berkowitz: We Kept Promises on Being a Focused Fund 2013-02-04 Bloomberg.com (4:13 min Video) Bloomberg TV http://www.bloomberg.com/video/berkowitz-we-kept-promises-on-being-a-focused-fund-P7fWZoCXQXyzr9xyhSdEVg.html =====

Berkowitz to Fairholme Investors: `Stay the Course' 2013-02-04 Bloomberg.com (9:21 min. Video) Bloomberg TV http://www.bloomberg.com/video/berkowitz-says-investors-should-stay-the-course-xQ4cMqpsRcuLhgIWZVMIfQ.html

Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings 2013-02-04 SeekingAlpha.com http://seekingalpha.com/article/1155571-bruce-berkowitz-expects-to-make-4-times-his-money-on-his-core-holdings?source=yahoo ----- During this interview with Bloomberg, Berkowitz indicated that he expects his top holdings to increase fourfold over the next five to seven years. The increase will be driven by two things. - The core Fairholme holdings are very cheap today so Berkowitz expects that the multiple attached to the companies will increase. - While the valuation multiples assigned by Mr. Market increase the earnings and book value of this companies will also be growing. http://static.cdn-seekingalpha.com/uploads/2013/2/4/91506-13600160452910535-Devon-Shire_origin.jpg

Beware,... he might see in the next days and final weeks some flush of new money coming in from new investors, and that might be the less intelligent capital. I personally would have structured the closing differently,... close to first time/totally new investors immediately,... and let only remaining investors still purchase shares in the next month.

Scc,... Thanks for posting the screenshot,... just saw it now - finally. Just wonder why I was brainless last night, not finding it,...lol. It seems Mornningstar got it wrong,... they probably can't make the distinction between "subordinate voting shares" and "multiple voting shares". The first number "310,434" in that Morningstar table, is to my logic only the added sum of the "subordinate voting shares", (50,620 + 257,714 + 2,100 = 310,434). And while looking at the second number "1,547,560" (shares changed), it seems that Morningstar got accidentally some system glitch/error,... almost comparable to Charlie Munger misperceived reports. Almost certainly an error of substance. Sometimes reports are misperceived as when Charlie Munger put most of his BRK shares into a trust or something like that several months ago. :) This second "1,547,560" number by Morningstar (as of 2011-12-31),... seems to be accidentally subtracted, because this Morningstar table can't make a distinction between the two share groups (i.e.: "subordinate voting shares" and +/or "multiple voting shares"). This number should exactly be that 1,548,000 of the "multiple voting shares", as reported in last years Proxy letter at page 3 (as of March 9th, 2012). http://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00002458&fileName=/csfsprod/data127/filings/01870276/00000001/f%3A%5Cjbarrett%5Cfairfax1411-0001%5Ccircular2012%5C283469Circular.pdf These "multiple voting shares" are held not directly, but rather indirectly through "Sixty Two", which Prem Watsa totally controls. Thus Morningstar has only a messed up database with errors. So there is nothing to worry and Prem still holds all of his shares, and nobody has stolen them. ;D

That is a wonderful little book! :) giofranchi "Fair and Friendly: the First 25 Years Of Fairfax" This is a screenshot of the mentioned book... http://www.vivaandco.com/Assets/Fairfax/Vivaandco_Fairfax3.jpg Photo Source: http://www.vivaandco.com/Assets/Fairfax/Vivaandco_Fairfax3.jpg http://www.vivaandco.com/Home.aspx?newsID=24 ----- Here's information from an old message thread on how to get this book. Fairfax Book! March 4th, 2011 http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/fairfax-book!/ http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/fairfax-book!/20/ with instructions on how to get it->>> http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/fairfax-book!/msg54740/#msg54740 http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/prem-watsa-highlights-from-fair-and-friendly-the-first-25-years-of-fairfax/

guys & dolls,... If you like it or not,... like an Ebola virus, at least some old letters sometimes appear and disappear,... just copy and paste this google search-string,... "baupost group" filetype:pdf and you might find right ahead at the first URL link some old letters from past years. Not sure who put them up there, but they are the real letters.