Liberty

I just don't think he's found a 10-20 billion See's Candies for sale... and even if he did, he's still need to find a lot more with the cash it would through off. So it makes sense to invest in businesses that can also deploy capital at ok returns.

Schroeder seems to forget how large the sums of money that Buffett is working with now. Considering how much he needs to invest to move the needle, his investment universe is quite limited. He's doing pretty much as well as can be expected for a company of that size, and a lot of his recent investments won't show how good they are until a few years have passed anyway.

:o

Im writing this from my iPad3. It rocks :D

Indeed, but it's not an insurmountable problem (can be as simple as making it so that cars can't be put in drive as long as something is plugged into refuelling port). I bet when houses were first electrified it seemed like quite and exotic and dangerous thing too. afaik, CNG home refuelling stations already exist, so we'd have to look at how they do it.

I'm the same in what I want, but what I actually think will happen has more to do with the fact that for a while longer it'll cost less to run on CNG than to have a battery in a vehicle. But the CNG should just be a step along the way to 100% electric (and thus energy-source agnostic) vehicles.

So my iPad 3 is in the mail and I should be getting it Monday :) I'm wondering what are the favorite financial/stock market apps of the people here? I'm particularly thinking about a good one to keep track of a watchlist and look up individual stocks (preferrably with real-time info even for Canadian stocks), but anything else that you find useful I'd like to know about. Thanks!

http://www.thisamericanlife.org/blog/2012/03/retracting-mr-daisey-and-the-apple-factory

I wonder how long it would take for a significant portion of the transportation sector in north america to convert to CNG. There are already some CNG buses, some people have talked about creating corridors for CNG semi-trucks, and GM and Chrysler have announced some CNG pickup trucks. Honda has had the Civic GX for a while... All marginal for now, but if gasoline prices keep going up and NG prices stay low, there could be a tipping point. I'm starting to think that in 5-10 years, many more cars and trucks will run on CNG (and there will also be a lot more plug-in hybrids and BEVs). It would be cheaper, cleaner, and in places where there are natural gas lines, people can even refuel at home (still requires to buy a special compressor, but these could go down in price with volume production).

Thanks VAL. Interesting to see, though, as you say, I'm not sure it means much about any actual real-world performance this board's members are experiencing. The main difference that I see in the stocks listed is that some are just going through business as usual while others are waiting for catalysts. For the latter, it is the performance post-catalyst that will matter, because unless these don't materialize at all, I think most holders won't sell before then.

-- Paul Graham I saw that too on HN, but there was a comment in that thread about how there are probably many employees at Apple who actually have no idea what the company is doing because they have such a culture of secrecy and of compartmentalizing different groups working on different things to reduce leaks. I don't know if that's true, but I think it's worth considering that the person making that comment doesn't necessarily know what they are talking about just because they work there. They could be right, but it's hard to say..

Mine's in the mail, should be here Monday. Can't wait. Haven't been this impatient about getting a product since I was a kid...

That's because Apple's products are better in practice than in theory. You read the list of features and look at the pics, and you go "yeah, that's pretty ok". But when you actually use it day in and day out, you realize that there's more to it than that.

[amazonsearch]Damn Right: Behind The Scenes With Berkshire Hathaway Billionaire Charlie Munger[/amazonsearch] A few chapters in this one. Ok so far. Not much about investing, but I find pretty much everything about Charlie interesting so that's fine. Thought it probably deserved a thread here.

http://www.bloomberg.com/news/2012-03-14/federal-reserve-to-tweet-on-monetary-policy-in-new-twitter-feed.html Sign of the times, I guess..

Anyone knows how long it takes to build a LNG terminal and if any are currently approved/in construction in North-America?

Even though I haven't done spinoff arbitrage yet, and might not do any for a long time, I liked the book. Contains lots of good mental models to help you look at things differently.

I hope you guys learned the importance of having redundant backups ;)

+1 Sounds about right to me.

A 14-year old can't even buy a closet for $14,000 in Vancouver! ;D Cheers! Millionaires are having trouble finding housing in Vancouver...

When 14-year olds can afford houses, it definitely feels like a bottom to me :P Pretty much the opposite of what is going on up here..

lol. I kind of regret selling my RLI too, but I think that what I bought with the money is probably even better, so I should do well in the end. I still have a lot of love for that company, though, so maybe someday I'll own it again.

About 2/3 of the way through this one, and it's very interesting. I know that lots of people here have already probably read it, but I didn't see a threat in the books section so thought I'd create one. http://www.amazon.com/Theres-Always-Something-Do-Investment/dp/0773538631/

One more graph: http://www.greaterfool.ca/wp-content/uploads/2012/03/chart.jpg

I like Geoff Gannon's articles: http://www.gurufocus.com/news.php?author=Geoff+Gannon