momentumgeek

Thanks, I hadn't checked Council Bluffs. Last room I found here was at this hotel but it's not cheap. They still have rooms though. http://www.elementomahamidtowncrossing.com/

I'm in the exact same boat. Email me, nitin.sacheti@gmail.com if you have one. Thanks so much.

Anyone have detailed notes from the AGM on Wednesday?

Mohnish is a supporter of AIF too though he's not a trustee like Prem.

SO ridiculous, he wants to pretend to be an instantaneous Buffett

I like that idea on shareholder meetings! I totally agree here, everything I've read about him over the last few years leads me to believe he's an absolute charlatan passing himself off as a value investor while in the longer run his super aggressive personality will (like someone said in the past) result in massive short term success or destruction of the business. Buffett never reverse split the stock to get it to $100k. That, the maserati, the g5 (if it's true) are totally ridiculous. He should be running an SAC model rather than a value model! I'm sure he'd be a massive consumer of sharks in formaldehyde too! I think this generally speaks to a lot of the 'value managers' who talk the talk but at the end of the day, got into the business because of the money and want to make it overnight rather than slowly compound capital by protecting downside.

Thanks for posting on REITs. It's actually a place I've been spending a lot of time on, on the short side. I agree, it seems crazy to me that all these REITs are continuing to go straight up as yield investors chase them up to a very narrow spread vs. treasuries. Seems like the good ones and bad ones are all up. That said, I think FUR looks interesting on the long side. Ashner seems like a smart guy and has been involved with a number of assymetrical bets that the other guys don't think about, like Stuytown with Ackman and more recently the CNL resorts foreclosure with Paulson. Would love to hear your thoughts since you're so much closer to real estate than me. A few long real estate plays have been listed here, like CTO and HHC which look interesting over a very long time horizon. I think the other issue on the REIT space is while they've all gone up, the ones that have pricing power in an inflationary environment offer real yields. Any thoughts on self storage, generally? http://www.nytimes.com/2009/09/06/magazine/06self-storage-t.html