valueorama

congrats packer.

Just look at Asus T100. It is a netbook size laptop. The screen is detachable and can be used as a tablet(10"). Seems best of both worlds.

I have no idea what happened. Hopefully the new upload works. I have updated the original post.

Their 7-yr forecast for S&P 500 is -1.3% after inflation. For Wilshire 5000, it is -2% after inflation. Are we going to get a correction soon? GMO_QtlyLetter_ALL_3Q2013.pdf

The discussion board just jumped the shark!

Excellent read. Thanks for the link.

That is a bad statement IMO. I dont ever expect him to disagree openly in public. If he says concur, it implies he doesnt like it. If he likes the decision, He is usually very upbeat about it.

That guy looked at 1yr correlation. 5yr chart shows that S&P 500 did way better than BRK did. Useless article.

Looks like due diligence in China can be dangerous. http://qz.com/134458/a-canadian-analysts-dire-fate-shows-how-researching-chinese-companies-is-a-dangerous-game/

Given that these are govt-guaranteed loans no company/bank gets affected. Tax payer is on the hook. It is basically showing that unemployment/under employment of newly minted graduates is creating the trouble.

This is a very nice tabulation and lots of work went into it. Personally, I like this site because I get to see the process of analysis more than the results. Yes results are important, I feel process drives results.

It will be interesting for the people who live on a day-to-day basis. MTM today will be pretty funny for HF guys.

Well now Gary Cohn of Goldman is defending the firm. http://www.bloomberg.com/news/2013-07-31/goldman-sachs-s-cohn-says-sac-capital-is-a-great-counterparty-.html

I thought mail servers kept track of whether you opened an email or not? in fact they might even keep track of when it is opened. I guess SAC just deleted those records. Remember that one can ask for a return receipt or open receipt when sending emails. So such information is available.

According to that article i linked, rumor has it that SAC is sitting on $6 BB of cash. All depends on how fast clients withdraw. Lot depends of how the lockout agreements are worded.

U.S. charges SAC Capital with insider trading crimes http://www.reuters.com/article/2013/07/25/sac-fund-charges-idUSL1N0FV0VT20130725 Now we have FBI, Justice department and SEC at Cohen's heels.

Icahn doesnt need to be drunk to get started. All he needs is a stage and a mike. Just search on Youtube.

Aha Munger strikes again. You have to look at incentives! I thought Skybridge was just a hedge fund. Fund of funds will never say bad things. Just like investment bank research analyst dont put a sell rating on a company going to BK..

http://video.cnbc.com/gallery/?play=1&video=3000183545 Who is this character Anthony Scaramucci? I dont know why this guy is putting his career at risk and supporting Steve Cohen. I am mean you dont know, what exactly happened and if Cohen goes to jail you look like a fool at best. Worst thing people can pull money out of your fund.

It is your lucky day. You can get a new unlocked GSM Z10 on ebay for $380 right now.

http://allfinancialmatters.com/2008/04/02/a-look-at-berkshire-hathaways-annual-market-returns-from-1968-2007/ I have attached a gif from that website, just in case we lose the page for whatever reason. Any body who invested in 77 and held till 87 made a killing. Off course you could say that till to date. But that period seem to have seen the most rise in value.

OK I couldn't resist. I have been following this discussion and wanted to throw my 2cents. The key distinction between what Eric is saying versus others seems to be, IV estimates vs actual IV. As we get new information, our estimate of IV changes. As Buffett says, his estimate need not be same as Charlie's estimate of IV. Is it as simple as above or am I missing anything?

Thanks for posting the letter. Best part of letter (even the best in business miss important information): "Shortly after the acquisition one of us got a call from a gentleman who introduced himself as David Mitchell, President of “our” power companies. We demurred saying we owned no power companies, but David insisted, telling us that buried in the files of Baldwin United were stock certificates representing controlling ownership positions in Barbados Power and Light, El Salvador Electric, and Bolivia Power. To say the least, we were astounded. We were a utility! One of us seized the day and became Chairman of all three and for years worked on maximizing the value of these companies. "

it all depends on what you want and what kind of coverage you have at your particular location. goto howardforums.com for in depth discussions. FYI, MVNO is nothing but prepaid service provider.

First one, i dont think there was any restriction on investing in HF like it is now. I think if you want to invest in an Investment partnership now, you need to have $1mm or high earner. During 50s-60s, i guess you would these middle class earners as your clients. Second, lottery winners dont earn money over time like buffett's clients. Plus there is survivorship bias with buffett's investors. I am sure there are so many who held BRK for couple of years and sold it for various reasons.