Kuhndan

Poor results. I wouldn't be pleased if he was managing my money.

That guy is done. Last issue was not up to par and was focused on one company (Cheasapeake). I wrote off my subscription some time ago.

Maxim no longer is carried at our local Kroger. Not sure at this point where I could buy it.

This book is a stinker. Tony should stick to his motivational speeches.

Many things funny about this, he might want to learn his new boss's name, its not Bilgari. Also love how they call Biglari a billionaire. Great reporting there. <<“It’s like 12 ways to decorate your dorm room. I want to do something for a more mature audience,” O’Brien said, before turning to how he met Bilgari, the Persian billionaire who purchased the men’s glossy for about $12 million.>> Here he goes again with the wrong name. Sidar?!! These two are off to a great start. <<“Some friends of mine brought up my name to Sidar,” O’Brien said nonchalantly. “We saw eye to eye on things. We wanted to do really great fashion and get the best writers, photographers and illustrators. I see a gap in the men’s market.”>>

Unfortunately Biglari has broken Buffett's first rule. This has been a money pit and I don't ever see it turning around.

Actual cash taxes paid are always at the bottom of the statement of cash flows.

Thanks Gamecock. I was able to get access. You are the man.

Me too. Thanks

Great job!

I take it that Houbolt was an early investor with Buffett?

Great read thanks for posting.

I had a chance to sign into the OID website and read the editor's note. This guy is too funny, he always acknowledges the fact that he hasn't produced anything in ages but makes it sounds like he will be a ball of fire going forward. I bet we see one issue and then another two year sabbatical.

45 percent quite comfortable to wait.

You can't go broke if you don't owe anything to anyone. Pay cash for the house and then work on your nest egg.

Curious if anyone on the board subscribes to the Manual of Ideas newsletter. If so, what do you think of it. Do you think it is worth the cost?

I love newspapers. My kids (both in their early twenties) don't even know there is a local paper. It will be really interesting to see how this plays out over time.

My Wall Street Journal came up for renewal. They called and pushed to renew for $910 for two years. I said that seemed like a lot compared to my renewal last year. They then said they would renew it for one year at $505. I said that seem even worse. I shared with her that my administrative assistant had just renewed a co-workers subscription in March for $365. She somehow tried to justify the difference in that my co-worker was on an "incentive rate" and since I had been a 20 year subscriber I didn't qualify for an incentive. After much back and forth, I told her to cancel my subscription....to which she responded she would renew it for one year at $325. What a business model.

I'm giving up on Outstanding Investor Digest. It's been a year since the "chesapeake energy" edition. Not worth the bother.

I start with the book Warren buffet an american capitalist. Then the Warren Buffett Way. Then the Berkshire Hathaway annual reports.

Congratulation! Thanks for posting the interviews. Outstanding stuff.

It not as much as you might think. The fees that would have been charged Biglari, affiliates and directors are not disclosed in the proxy. At the same time, it would be fairly easy to estimate. Biglari only has $2.6 million in The Lion Fund. My guess is that he would have to pay an annual management, say 1% on total assets as well as the standard incentive comp. Steak n Shake has $50MM in The Lion Fund. Since this is a consolidated entity it wouldn't make any sense charging them.

Up 11.3 percent

Like others on the board here, I read this in two days and couldn't put it down. A couple of the stories I knew well but the author is a great storyteller. I highly recommend it.

So Biglari now owns 19.99% of Cracker Barrel. If he owns 20% he can start reporting his % share of earnings through the income statement. He can't buy 20% because of the poison pill in place. Any accountants out there that know if he can round up his current % to 20% without tripping the poison pill? Or would he have to have the 20%?