BargainValueHunter

Anything that increases in value as more dollar bills are (electronically) printed.

http://www.bloomberg.com/news/2011-03-31/buffett-misses-chance-to-show-moral-courage-commentary-by-alice-schroeder.html

Aside from the subprime CDS trades highlighted in "Greatest Trade Ever" and "The Big Short" can you name or detail a similar "pulling victory from the jaws of defeat" type trades that seemed to defy conventional wisdom? I'm thinking if anyone can make money with TEPCO it would make the cut of an all-time contrarian victory! ;)

http://www.cnbc.com/id/42355608

...according to a new "analysis" by Reuters: http://www.reuters.com/article/2011/03/30/us-buffett-idUSTRE72T64B20110330

http://www.miamiherald.com/2011/03/28/2134611/bruceberkowitz-saving-st-joe.html

The event is free and open to the public. Seating is limited and available on a first-come, first-seated basis. Parking is available in the Terrace Place Garage, 2016 Terrace Place.

http://news.vanderbilt.edu/2011/03/michael-burry-chancellors-lecture-april-5-vanderbilt/ If you attend it would be greatly appreciated if you could provide detailed notes and post them on the CoB&F board. ;D

I think it is fairly reasonable to say a guaranteed borrowing rate less than 4.3% every year for nearly 1/3 of a century is a "gift". I think Paulson was speaking tongue-in-cheek when he said you should borrow to buy two or three homes. I assume, given his history as an investor, that he was implying that folks should hedge (against what he feels is a coming inflation tsunami) with real estate. I think it would be a bad idea to borrow to buy Florida real estate if you think that home prices will be lower in 2026 than they are in 2011. That is possible, but I can't figure out how that could happen (save for a few category 4 or 5 hurricanes). If this were 2004 or 2005 it would be another story. If interest rates will be sliced in half from current levels then I would be shocked by that too.

You may kick yourself for not taking advantage of the gifts of extremely low interest rates and (perhaps) rock bottom valuations: http://blogs.forbes.com/robertlenzner/2010/09/27/john-paulson-sell-bonds-buy-stocks-double-digit-inflation-coming/ Prices WILL go lower in Florida but on a 10 - 20 year time horizon the upside is locked in when you consider inflation and population growth.

Check it out! ;D http://blogs.forbes.com/schifrin/

The first insured losses reports are coming in: http://finance.yahoo.com/news/Montpelier-Re-Reports-Initial-bw-53024522.html?x=0&.v=1

Ultimately, how do you think the cataclysm will affect re-insurance pricing in 2012 and beyond?

Let the aftermath of the Kobe earthquake guide your Japan strategy. These articles may help you: http://www.time.com/time/magazine/article/0,9171,982453,00.html http://www.nytimes.com/1995/01/18/world/quake-in-japan-the-cost-through-kobe-s-rubble-an-economic-rainbow.html

http://www.marketwatch.com/story/insurance-stocks-down-after-japan-quake-2011-03-11?siteid=yhoof http://www.fool.com/investing/general/2011/03/11/flagstone-reinsurance-shares-plunged-what-you-need.aspx

Moat? Stability and predictability of future cash flows? Pricing power?

http://www.theatlantic.com/magazine/archive/2011/04/showdown-in-the-sunshine-state/8417/

I've brought up the fact here at COBAF that his growing "myth" and media appearances worry me as an investor. I respect your right to sell out but why would you sell based on exterior circumstances he can do little to control vs. his style of investing, which as far as I can tell, hasn't changed? ???

http://www.cnbc.com/id/41947721 Regarding Berkowitz's management style: "If it ain't broke, don't try to fix it".

Barron's is Bearish http://online.barrons.com/article/SB50001424052970203737204576176842353837176.html

WINNING! Berkowitz named Chairman of the Board at St. Joe

http://www.businessweek.com/magazine/content/07_08/b4022065.htm http://www.streetauthority.com/a/forget-berkshire-hathaway-buy-instead-458061

Guess we know where the other two big shareholders placed their allegiances. ;D

http://jeffmatthewsisnotmakingthisup.blogspot.com/2011/02/buffett-vs-lampert-tale-of-two-letters.html

http://www.istockanalyst.com/article/viewarticle/articleid/4909893#