BargainValueHunter

http://video.cnbc.com/gallery/?play=1&video=3000228541 $20 per week spent on lottery tickets! ...for DECADES! 8)

OK...not a letter to shareholders but a great interview: http://www.investmentweek.co.uk/investment-week/news/2310184/hendry-i-would-buy-bitcoin-if-i-could

Reminds me of this story: http://articles.latimes.com/2000/apr/27/news/mn-23916

http://www.dailyfinance.com/2013/11/10/another-week-with-fannie-and-freddie/

http://www.businessweek.com/news/2013-10-25/jpmorgan-to-pay-5-dot-1-billion-to-settle-fhfa-mortgage-claims

???

Yep...in Washington, D.C. the only party that counts is the Money Party™ http://www.businessweek.com/news/2013-10-15/fannie-mae-survival-back-on-table-as-lawmakers-sketch-new-system

http://www.bloomberg.com/video/warren-buffett-makes-stewart-horejsi-a-billionaire-QRwbKLvPQjSa2gyWwZ73CQ.html

http://www.nasdaq.com/article/bruce-berkowitz-fannie-mae-drama-continues-with-small-victory-cm281652 The longer the shutdown (perhaps) the longer the delay in any sort of congressional action = more time to accumulate FNMA and FMCC all across the capital structure at a severe discount to par (or intrinsic value). ;D

Fairholme's Case Study on Fannie and Freddie (Part 1) http://www.fairholmefunds.com/show_pdf.php?file=http://www.fairholmefunds.com/sites/default/files/130905-GSE-CNBC.pdf#pagemode=bookmarks

I don't understand the nervousness re: his heavy concentration. Why not sell your shares in Fairholme then buy the individual holdings divided in concentrations you are most comfortable with. The turnover is so slow that one could easily mimic the fund.

Bruce Berkowitz June 1, 2011 AAII Presentation and Q&A It is always nice to see a top value guy look at the facts as they change and develop a new opinion based on those new facts. :)

The carnage continues and seems to be intensifying: http://2.bp.blogspot.com/-bTb_cJq2SBQ/Uh0AdSxKLuI/AAAAAAAAa-o/taXKxgc1K9Q/s1600/USDINR.PNG I suspect incredible values will be uncovered in India over the next few quarters.

It seems that being short the JGBs is a wonderfully asymmetrical play. If you can tolerate RELATIVELY minor losses for a couple of years or so you MAY make multiples of your investment. http://pragcap.com/kyle-bass-its-the-beginning-of-the-end-for-japanese-bonds

Anyone know if Prem and co. are taking advantage of the collapse in valuations of Indian financials? Now may be an excellent time to start mining for bargains. http://online.wsj.com/article/SB10001424127887323407104579037991813071888.html http://themoneyconverter.com/exchange-rate-chart/INR/INR-CAD.gif

Forbes Rips Watsa: http://www.forbes.com/sites/moneybuilder/2013/08/22/prem-watsas-blackberry-nightmare-what-can-we-learn/

Nasdaq core mainframe back online: http://oldcomputers.net/pics/pet2001-black.jpg

I now have thousands of dollars extra in my options account!! Party TIME!! God Bless Compu-Gremlins!!

...and two years later? http://www.washingtonpost.com/business/can-irelands-celtic-tiger-roar-again/2013/08/16/1462304c-0460-11e3-a07f-49ddc7417125_print.html

http://blogs.barrons.com/focusonfunds/2013/08/19/fairholme-fund-reopens-to-new-investors-should-you-buy-in/

Don't look now but municipal bonds seem to be trading at roughly the same discount levels to NAV that they were when this thread was started.

http://online.wsj.com/article/SB10001424127887324139404579015032274244954.html

http://www.bloomberg.com/news/2013-08-14/loeb-poised-for-ipo-as-einhorn-dump-truck-bet-shows-insurer-risk.html http://brooklyninvestor.blogspot.ca/2013/08/third-point-reinsurance-ltd-tpre.html

Shares halted... Big announcement forthcoming... http://www.marketwatch.com/story/blackberry-says-exploring-strategic-alternatives-2013-08-12-8911652

http://www.investingdaily.com/17960/the-case-for-investing-in-fannie-and-freddie/