Liberty

Awesome, thanks so much!

I'm 29, but was never attracted by leverage. I also don't short or use options. Guess it's a "keep it simple" thing.

Out of curiosity, how much leverage do you have? Having zero leverage is one of my risk control methods, and sometimes if feels like I'm in a minority around here doing that.

Probably another good thread to bump up. So what has everyone been buying today? I was ready to pull the trigger on a few things, but I'm all out of ammunition, as usual. :-\

Thanks! Edit: Out of curiosity, would it be possible to make the original audio (mp3 files?) available? I'd love to archive this. Thanks!

http://www.bloomberg.com/news/2011-08-18/hp-said-to-be-near-10-billion-autonomy-takeover-spinoff-of-pc-business.html

I think you're reading too much into it. It's like saying that Buffett must actually love derivatives despite all that he's said because he owns some. I think it just means that once in a very long while he'll find something that he doesn't like priced in such a way that he's ready to speculate with some money on it because the odds look good, but it doesn't mean he's changed his mind.

Google Docs is completely down for me right now as well. If it was a widespread outage, it'd show up everywhere on tech news websites. Chances are it's a localized problem that affects very few people.

Looks like today could be another "lovely fricking day"...

Someone tripped on the power cord? http://www.zdnet.com/blog/microsoft/outage-hits-microsoft-crm-online-office-365-customers/10359

My understanding is that Munger believes strongly in doing things that are good for "the civilization", so I don't think he was kidding when he said that people who just pile up gold and hope to later sell it to someone else at a higher price are "jerks", because they're using their resources and energies for an activity that isn't really productive. Buffet's comments about "fondling the cube" lead me to believe that he thinks along similar lines, but won't be quite as abrasive about it as Munger (as usual).

Indeed. Holding gold vs. holding cash for the long term, I'd probably go with Gold. Holding gold vs. holding good businesses that I bought at low prices? No contest, the businesses actually produce something of value.

Great, thanks Paul & Parsad!

I wish! Maybe some day..

Very interesting. Thanks for posting, Parsad!

Another fun trick for new Chrome users: The URL bar can also access bookmarks and pages in the browser's history based on their names. For examples, I have a bunch of Google docs that I can just type the title of in the URL bar and get to, or if I type "CBF" it brings my to the corne of berkshire and fairfax (because I named by bookmark "CBF"), etc.

According to Wikipedia: At the end it says they typically don't employ "significant leverage". Too bad, I'd love to see them blow up more often ;D

I'm on a Mac and don't use OE, so I can't help you with that. I did a quick search and couldn't find anything.. I'm not sure if outlook has open APIs that allow other non-MSFT software to interface with it.

Recent Firefox "major version updates" have been very disappointing lately. IMO they are playing the number's game and trying to catch up to Chrome and IE in version number (because obviously some people out there must think that IE v9 or Chrome v13 must be better than Firefox v4 or whatever), so each number major version has very few new features and UI improvements. I think they've even announce their intention to drop version numbers altogether at some point, which would bring them to something closer to Chrome, which updates in the background and doesn't make a big deal about versions.

Thanks, I must've missed this, and I guess I took his "hold forever" ideal a bit too seriously for a moment. Of course he must have been selling since 2008-09...

This is probably the wrong way to look at it, but let's just pretend that he gets 3.1% dividend on average from his privately owned stocks (he probably doesn't need to sell much since he lives way below his means, so it's mostly unrealized, untaxed gains), that means he's got about 2 billion. (2,000 * 0.031 = 62). More if the avg dividend is lower (maybe he has lots of small caps that don't pay dividends, since in his private account he can invest in smaller businesses that are more inefficiently priced, so it could be a bunch more billions).

I'm watching it right now. Warren looks in good shape. Very good so far.

On the right you should see a little wrench icon, click on that. If you're in a Mac, that works too, and you can also click on "Chrome" in the topscreen status bar. See it now, thanks. If you install extensions, you'll see small icons next to that wrench. for example, the GMail extension shows you in real time how many unread emails you have in your inbox and when you click on it GMail opens, etc.. Many very useful extensions out there.

http://www.businessinsider.com/obama-warren-buffett-is-right-on-taxes-2011-8

On the right you should see a little wrench icon, click on that. If you're in a Mac, that works too, and you can also click on "Chrome" in the topscreen status bar.