augustabound

I kind of remember flipping though it at Indigo and wasn't too interested. I'm pretty sure it was for the reason tombgrt mentions, too many topics. I couldn't care less about gold etc. I love reading about how people made their millions/billions but this one didn't pull me in.

How can I view the entire thread? I can only seem to see the last page from post 1908 - 1931. Never mind, I figured it out.

How can I view the entire thread? I can only seem to see the last page from post 1908 - 1931.

Do you know where to find these old editions? The first 3 and the 6th are widely available either at book stores or online. Here's amazon.ca list for Security Analysis.

Most of the chapter introductions are great.......all of them actually. Buffett just wrote 2 pages of fluff.

I started that one too but lost interest. I'd like to try it again though. I just signed up for this one. A Beginner's Guide to Irrational Behavior - Dan Ariely

A question I think about when following some of the gurus is, why did they buy it? Did they buy it because they see a huge bargain or is it a part of a larger theme? Chou, Watsa and Klarman are prime examples of us not always seeing the bigger picture where Buffett and Berkowitz usually explain very candidly why they bought.

Buffett's and Berkowitz's picks are some what easy to understand. I some time don't understand why Klarman bought a specific security. Prem's picks are sometime low on quality curve for my liking. I think it works for him as a basket though. Having said that I agree with your sentiments fully. Those were my thoughts on Klarman and Watsa also. Easy to understand picks for me screams Donald Yacktman. Pepsi, Proctor and Gamble, Clorox etc. He's a slow and steady wins the race kind of guy.

"Select" Metro Toronto libraries and North Vancouver City library are the only one's I could find.

I'm pretty sure U of T and the Metro Toronto library has access but I'm not sure about anywhere else. I know the library here in Newmarket doesn't have it. Edit: I found most Canadian Universities have access but I haven't found libraries..............yet. :)

I don't remember this being mentioned before, but Value Line has a 2 week free trial. http://www.valueline.com/Products/Promo/The_Value_Line_Investment_Survey_-_Special_Trial_Offer.aspx It doesn't unlock the entire website but at least you can get the investment survey (online version only).

Thanks for posting that.

I'm on my second reading of it. I read it initially when I bought it last summer after its release. I didn't get much out of it..........OK, I didn't understand most of it. ;D The second reading is going well, I love it and can see reading it over and over again. By the way, he released a "second edition" recently. http://www.amazon.com/gp/product/0231162847/ref=as_li_tf_tl?ie=UTF8&tag=markfoll-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0231162847 From the Amazon description,

Sports headlines are getting to have the same sort of sensationalism. A recent one was something like, "their starting pitcher went into the 7th inning for the first time since June 19th". Or the classic sportism, "they've won 6 in a row for the first time since September, 2011". Of course Leaf fans are used to hearing, "they've missed the playoffs for the first time since................................last season." :P

I think you're right. Edited to add the link I found (someone posted this as a Word document and I found it through a Google search)

Yes, I'm pretty sure I remember him saying (I have no source for it though), when you read the shareholder letter and the CEO uses EBITDA, run. He's trying to hide something.

Every time I see EBITDA, I think about Charlie Munger calling it "bullsh*t" earnings. ;D

I know this is a long shot but have you considered Norbert's gambit for an interlisted stock in Canada and an exchange in Europe (most likely London? Best to google Norbert's gambit, the thread at financiawebring is pretty long. Norbert's gambit

From the 1996 annual meeting; Munger: I don’t know. We have such a fingers and toes-style around here. Warren often talks about these discounted cash flows, but I’ve never seen him do one. Buffett: Some things you only do in private, Charlie. Munger: Yeah. If it isn’t perfectly obvious that it’s going to work out well if you do the calculation, then he tends to go on to the next idea. Buffett: That’s true. It’s sort of automatic. If you have to actually do it with pencil and paper, it’s too close to think about. It ought to just kind of scream at you that you’ve got this huge margin of safety.

My first thought was a convention (obviously hence the name tag :P ) But I figured it was a freebie of sorts that he was given by a vendor. I was also thinking about a photo shop job too, the hair got me.

Yes, sadly cheating and pro athletes seem to pretty common. I read, "I Was Right on Time" by Buck O'Neil this winter. (A really good baseball player from the Negro League days). He tells stories of rooming with Satchel Paige in the '30's and '40's and his "friends" in some of the towns they played in on the road.

I'm veering off topic here but what was Manning's problem? I don't remember hearing anything overtly negative.

True, but doesn't Hank explain that in the book? I thought he explained it something like, Tiger's really the only person in pro sports that can get pissed off like that and it have a positive affect on him. It's his way of focusing. (An immature way, but it worked for him none the less).

The decline in tournaments played happens to every player as they get better. They make more money on tour and can pick an choose which tournaments they play in based on prize money, endorsements, appearance fees and the prestige of the tournament itself. Players lower on the money list have to play more in the hopes to stay in the top 132 to keep their card and avoid Q school. I've heard different sides to the Tiger being a prick thing. He has always walked the fine line between arrogance and confidence. But a story from a player on tour from a few years ago, I forget who it was who said it (he was a small time player for sure). In the locker room Phil Mickelson only speaks to those he wants to and ignores most everybody else. But Tiger has been known to say hi to a nobody, Monday qualifier that he played with months ago. He remembers the little guy by saying hi and remembering his name. I don't know, it's just an anecdote from one guy but that always stuck with me. I had hear others on tour saying how much they liked him too. Of course many say the same about Phil. Philly has always had a fake quality to him, always using an interviewers name repeatedly throughout an interview. (A technique common when you want someone to like you, there's no sweeter sound that someone saying your name ;D ) I'm glad Tiger (seems to be) back. I really don't think golf "needs" him like it did 10 years ago, but the game just seems better with him here and playing well. I'm a huge Nicklaus fan and don't want to see his records fall. But a little part of me is excited that someone can be better than Jack. Also keep in mind, some said Jack was brash and had an attitude when he played in his prime taking down records. He has gone down in history as one of the games best sportsman.

Pretty much the same for me as Mephistopheles wrote but change CNBC to BNN and I don't read the Economist. I used to just watch BNN for Amanda Lang :P but even before the move to CBC I cut down on that. I just can't stand the media "noise" anymore. I also got frustrated that their regular guests somehow had 3 new stocks to pump every week and they always dissected the daily market moves as if it had any meaning at all. I read the WSJ online and have some RSS feeds from a few blogs I like and this forum. I've cut down a lot of reading Gurufocus since they started paying for articles. Too many of the same ideas regurgitated and way too many "Here are 5 stocks Warren Buffett would buy today" articles. But there are a couple of posters there I really enjoy reading their stuff (John Emerson is one), but the core group of posters that were there a few years ago are long gone or rarely post. I do find myself tuning to AM680 to hear their business update but I usually manage to tune it out. :o I think it's more habit than anything to see the time while driving my car say :56 and just by habit change it to AM680. There's no reason under the sun I would need to know the DOW futures or what crude is up/down at 6 AM...........................or any other time of day for that matter. ;D