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berkshiremystery

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Posts posted by berkshiremystery

    Berkshire Venture Buys Hendricks in Buffett Apartment Bet

    in Berkshire Hathaway

    Posted

    Berkshire Venture Buys Hendricks in Buffett Apartment Bet

    2013-01-09 Bloomberg.com

     

    Berkadia Commercial Mortgage LLC, the real estate venture backed by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), acquired closely held Hendricks & Partners to expand in apartment sales and research.

    http://www.bloomberg.com/news/2013-01-09/berkshire-venture-buys-hendricks-in-buffett-apartment-bet.html?cmpid=yhoo

    Loeb vs Ackman - This ought to be fun to watch

    in General Discussion

    Posted

     

    Icahn might have joined Loeb on the long side.

     

    “It’s going to be an Ackman sandwich,” one hedge fund manager wailed.

     

     

    -------

     

     

     

     

    So judging from online news/blogs/etc... it's essentially Loeb/Hempton vs Ackman/Chapman and everything rests on whether the government will take action or not

     

    Of those 4, Ackman is the only one short.

     

    Whoops my error, Chapman is long HLF and is a 35% position

     

    Herbalife: Why I Made It a 35% Position after the Bill Ackman Bear Raid

    2013-01-01

    http://thompsonburton.com/mlmattorney/2013/01/01/herbalife-why-i-made-it-a-35-position-after-the-bill-ackman-bear-raid/

     

     

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    Some interesting old article,... Dated July 2000

    Robert Chapman @ WSJ.com

     

    In 2000, Chapman Capital was an activist versus Herbalife following the death of Herbalife’s founder Mark Hughes

     

    2000-07-19

     

    https://m.box.com/view_custom/thompsonburton/chapmancapital

     

    https://dl.boxcloud.com/bc/1/bd7f1525c43c390f286792b9a049b5e0/JolueqOGpciD6dgYhecNBoVpYxkvmYe1ZLheZor6BF4DUBIelMQTkFwYIys3nIibNIIEHUp447tBZLaXDzIbNQ,,/a565f18696edf9a0ceef05fcc7e91ab6/

    Loeb vs Ackman - This ought to be fun to watch

    in General Discussion

    Posted

    It is not intelligent to short any stocks, even a fraud. It is a better way to make money by investing in BRK. COSTCO or GEICO and  other businesses that provide  meaningful services to the world.

     

    Charlie Munger Quote:" You are fighting a pig in the mud. You both get dirty, but the pig enjoys it."

     

    Damn,... I did even lurk at BronteCapital's blog after years,... because somebody here in the other HLF thread did mention it,... LOL

     

    He has similar words as Munger....

     

    This is the hedge-fund equivalent of Stalingrad. Someone is going to lose big. And the victor will be so bloodied that the word victory will sound hollow...

    Berkshire After Buffett - Mohnish Pabrai

    in Berkshire Hathaway

    Posted

    Part of the Fool.com interview, but specifically on Buffett & Berkshire.  Cheers!

     

    http://www.fool.com/investing/general/2013/01/08/mohnish-pabrai-berkshire-after-buffett.aspx

     

    That's a new part, but still from the same interview series as before.

     

     

    -----

     

    Here's part 5

     

    Checklist Investing: How to Avoid Errors and Learn From Mistakes (=Mohnish Pabrai)

    2013-01-08 Fool.com

     

    PabraiShorts05 --->

     

    http://www.fool.com/investing/general/2013/01/08/checklist-investing-how-to-avoid-errors-and-learn.aspx

     

    I am skeptical about stories and with using the past to predict the future

    in General Discussion

    Posted

    I might throw some things into thinking,... specially also the word "temporal analysis".

    Steven Spielberg's "Minority Report" with Tom Cruise hunting future criminals may be spoky,... is it,... but currently the C.I.A.'s secretive "In-Q-Tel" venture capital subsidiary in a partnership with Google Ventures is experimenting in predicting future outcomes of events unfolding today through their Recorded Future, Inc. investment.

     

    Recorded Future tries to build a similar algorithm like Google famous page-rank algorithm,... by harvesting "chatters" accross all the Internet, Reuters, Bloomberg...and CNN news reports, Facebook, Twitter, boards and forums,... etc. ...comparable like Sanjeev beeing some secretive overlord here and watching these boards over those years,... seeing a slowly rising trend in BAC & AIG discussion threads. That's "Eureka" !!! I have found the Tooth Fairy,... like the little boy in "A.I.", an artificial robotic little boy, that becomes almost human in his feelings through genetic algorithms, just by stalking and crawling his positronic brain.

     

    Of course, there are many variables that make the future blurry the more agents interact in complex systems,... i.e. Edward Lorenz Butterfly Effect/Chaos Theory. But at least this new developing science field and such an algorithm might spot new emerging trends.

     

    Google Teams Up With CIA to Fund "Recorded Future" Startup Monitoring Public

     

    An Introduction Recorded Future

    http://m.youtube.com/watch?v=2YQNQ_GLe9Q&feature=m-ch-fea

     

    Intelligence Analysis @ Recorded Future

    http://m.youtube.com/watch?v=5CZQaFWWKtA

     

    -------

     

    RecordedFuture, Inc.

    https://www.recordedfuture.com/

     

    RecordedFuture, Inc. @ Wikipedia.org

    http://en.wikipedia.org/wiki/Recorded_Future

     

    In-Q.-Tel (C.I.A.'s venture capial firm) @ Wikipedia.org

    http://en.wikipedia.org/wiki/In-Q-Tel

     

     

     

     

     

     

    Dumb Money Now Starting To Flow Into BAC!

    in General Discussion

    Posted

    The easy money has been made with the run-up from about $5 to $12 in the in the last 12 months where knowbody wanted to believe in BofA. The next phase will definitely follow, but it will be a little more modest until we might see around next Christmas prices around $17. Thus only a gain of around/ less than half the value of the past year for the dumb money of folks like Cramer & Co, who joined too late. Of course, if all legacy issues are cleared and behind them, they will probably come closer to WFC's BV multiple over the following years. For a three year horizon, they might even double from current valuations at $12, depending on the underlying variables influencing them.

     

     

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    Bank of America cut to neutral at Credit Suisse

    2013-01-09 MarketWatch.com

     

    Current valuation appears to be ahead of the company's near to intermediate-term performance and appears to be discounting significantly faster improvements in efficiency than we would be expecting," Credit Suisse analysts wrote in a note to clients

     

    http://www.marketwatch.com/story/bank-of-america-cut-to-neutral-at-credit-suisse-2013-01-09-891212?siteid=yhoof2

     

     

    The Secret Of Warren Buffett's Alpha

    in Berkshire Hathaway

    Posted

    The Secret Of Warren Buffett's Alpha

    2013-01-07 SeekingAlpha.com

     

    http://seekingalpha.com/article/1097441-the-secret-of-warren-buffett-s-alpha

     

    http://static.cdn-seekingalpha.com/uploads/2013/1/6/616824-13574492994691684-Sean-Bellamy-McNulty_origin.png

     

    http://static.cdn-seekingalpha.com/uploads/2013/1/6/616824-13574493197995718-Sean-Bellamy-McNulty_origin.png

     

    http://static.cdn-seekingalpha.com/uploads/2013/1/6/616824-13574493877146635-Sean-Bellamy-McNulty_origin.png

    Why Warren Buffett Keeps Buying IBM

    in Berkshire Hathaway

    Posted

    Why Warren Buffett Keeps Buying IBM

    2013-01-08 Forbes.com

     

    Buffett said in Nov. 2011 on NBC when he announced owning a stake in the company that “he would not be announcing it if he were not pretty much done” buying shares. But over the next 3 qtr's he has found the stock attractive enough to continue buying, making it the 2nd most-bought stock in his portfolio, and causing investors to ask why.

     

    IBM consistently uses “Road Maps:

    · $50 billion in share repurchases

    · $20 billion in dividends

    · $20 in EPS (non-GAAP)

    · $100 billion in free cash flow

    · $20 billion spending on acquisitions

    · Software becoming about half of segment profit

    http://www.forbes.com/sites/gurufocus/2013/01/08/why-warren-buffett-keeps-buying-ibm/

     

     

    Psychopaths

    in General Discussion

    Posted

    Not unsurprising, but certainly not that encouraging either:

     

    http://www.sfgate.com/jobs/article/Jobs-fit-for-a-psychopath-4172506.php

     

    The following jobs have the highest rate of psychopaths, according to Dutton's research:

    1. Chief Executive Officer

    2. Lawyer

    3. Media (Television/Radio)

    4. Salesperson

    5. Surgeon

    6. Journalist

    7. Police officer

    8. Clergy person

    9. Chef

    10. Civil servant

     

    The list is scattered across several fields, but Huffington Post blogger Eric Barker notes each of these professions "require an ability to make objective, clinical decisions divorced from feelings." In a more straightforward way, the traits that define psychopaths are also the skills that can make people successful in the workforce.

     

    Only the medical profession appears twice in contradiction,... surgeon vs doctors.

     

    The surgeon must probably be a Dr. Hannibal Lecter without emotions while cutting in flesh and blood.  :o The home doctor otherwise some sensitive character, because he never does surgeries.

     

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    The following jobs have the highest rate of psychopaths, according to Dutton's research:

    1. Chief Executive Officer

    2. Lawyer

    3. Media (Television/Radio)

    4. Salesperson

    5. Surgeon

    6. Journalist

    7. Police officer

    8. Clergy person

    9. Chef

    10. Civil servant

     

     

    It shouldn't be a shocker that professions that require empathy or emotion had a lower rate of psychopaths. According to Dutton, these professions have the lowest rate of psychopaths.

    1. Care aide

    2. Nurse

    3. Therapist

    4. Craftsperson

    5. Beautician or stylist

    6. Charity worker

    7. Teacher

    8. Creative artist

    9. Doctor

    10. Accountant

     

     

     

     

     

    Fairfax Financial 2013 AGM Event Information

    in Fairfax Financial

    Posted

    Parsad; I am not able to make it. Just wondering if there are videos of any of these that are taken that can be gotten?

     

    Hi RJ,

     

    No, not currently.  I don't think George puts the conference presentations online.  Prem also doesn't like videotaping the AGM, and because they attend the dinner, we don't record that either.

     

    We will have photographs from all of the events on here, and I'll get a volunteer from each event to write up a summary for boardmembers and post it on here.  Cheers!

     

    I only know that "Buffett_Groupie" made some photographs as usual last year at the dinner and uploaded them to KodakGallery.com,... but the old link posted by him here at the board seems currently outdated.

     

    Anyway,... Sanjeev finally got my dinner ticket purchase about one hour ago,  ;D and money should be in your Paypal account by now.

    Introduction

    in General Discussion

    Posted

    Welcome Phaceliacapital! 

     

    you might be interest to study one of board's silent lurkers ;D

    (i.e.,... Mohnish Pabrai moves inside the shipping industry).

     

    Among Pabrai’s classic value investments that is spoken of in admiration in the market is when he dipped into the Norwegian oil tanker firm Frontline in 2002 soon after shipping rates fell to $5,000 a day. To remain profitable, the company needed rates of at least $18,000 a day on its 70 double-hulled oil tankers. Investors fled the stock, and it fell to $3.Frontline wasn’t considered a classic value play since it didn’t have much by way of net current assets. But it had hard assets in the form of tankers. Pabrai studied the oil shipping business and discovered that small Greek shippers with near-obsolete single-hulled tankers were being hurt more than Frontline and were selling their ships for scrap. So he knew that when oil demand next surged, Frontline would be able to command premium rates. Months later, Frontline was charging $50,000 a day per tanker and Pabrai made a killing.

     

    FRFHF dividend poll

    in Fairfax Financial

    Posted

    Here's Prem's belated Christmas gift for all of you. If you like it or not depends on each individual investors perspective. I know, a lot of you guys & dolls, might have wanted to keep it the Berkshire way,... without naughty presents.  ;D. But anyway,... this is the amount what most folks probably had expected, if we get a dividend.

     

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    Fairfax Declares Annual Dividend of $10 USD per share

    Toronto, Friday, 2013-01-04

     

    http://www.fairfax.ca/news/press-releases/press-release-details/2013/Fairfax-Declares-Annual-Dividend1132512/default.aspx

     

    http://www.fairfax.ca/files/PRFFH%20Jan%202013%20Declares%202012%20Annual%20Dividend_v001_q2qil2.pdf

     

    Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that it has declared a dividend of US$10.00 per share on its outstanding multiple voting and subordinate voting shares, payable on January 29, 2013 to shareholders of record on January 22, 2013. Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.

    Tepper

    in General Discussion

    Posted

    Gio,...

     

    It seems to me that you speak of the MIP- Politecnico di Milano School of Management, if I'm not mistaken. I'm just wondering if the MIP in Milan has a similar department like Prem's old Richard Ivey School of Business with it's Ben Graham Centre for Value Investing.

     

    MBA full time Scholarship

    http://www.mip.polimi.it/mip/en/globals/news/MBA-full-time-Scholarship-italcementi.html

     

    MIP Politecnico di Milano

    http://www.mip.polimi.it/

     

    http://www.italcementigroup.com/ENG/Careers/Training/Training+courses/

     

    MIP Politecnico di Milano

    The School of Management of the Politecnico di Milano @ Wikipedia

    http://en.wikipedia.org/wiki/MIP_Politecnico_di_Milano

     

    ----

     

    Welcome to MIP, Business School of Politecnico di Milano.

    Gianluca Spina, President - MIPPolimi

    YouTube.com - Video

    http://m.youtube.com/watch?v=nkKydzMWyOk&feature=m-ch-fea

     

    Hi berkshiremystery,

    no, the Consortium MIP is the largest, and by far the most popular, of its kind inside the Politecnico di Milano. But it is not the only one. The master school we mange is an organization founded 82 years ago by the Pesenti family of Italcementi, which remains its main sponsor to this day. Unfortunately, we are renewing our website, so only the homepage is available right now: www.masterpesenti.it. Anyway, if you are interested, you can download there a brief presentation of the school. The Consortium we belong to is the Consortium CIS-E (www.cise.polimi.it), which we also manage.

     

    Unfortunately, no such thing as “value investing” is known in Italy yet…!!  ;D ;D

    Next February I think I will be the first to teach some classes about value investing at the Politecnico di Milano! Very basic stuff: practically, I will read and comment “Margin of Safety” by Mr. Klarman to some engineers and architects. Professor Reggiani of the Bocconi University, who wrote many articles with Professor Penman of the Columbia Business School, will lend me a much needed hand… it will surely be funny!  :)

     

    To start something like the Ben Graham Centre for Value Investing at the Politecnico di Milano would really be fantastic! I know the Dean of the Politecnico di Milano very well, but I lack the “economic background” to be convincing in this kind of matters… remember that I have studied to become a technician… well, it is true now I am a “Hero Member” of the “Corner of Berkshire and Fairfax Message Board”… that is great, but also the only credential in the field of investing I can show and be proud of!!  ;D ;D ;D

    Unfortunately, whenever a large organization, like the Politecnico di Milano, is involved, what you know and believe is important, but not enough… also curricula and appearances matter!  ::)

     

    giofranchi

     

    Gio,...

     

    I personally also think that value investing outside of the Anglo-American landscape seems to me unheard-of, at least I couldn't name legendary capital allocator's that have become a billionaires like Buffett or the late Sir John Templeton. Ok, there's Guy Spiers in Zurich, but he is mostly unknown outside these boards here. It seems to me like value investing still seems to me some Anglo-Saxon tradition. So it might be a very hard way to build-up some legendary european academic insitution as some Graham Value Investing Center.

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