Liberty

Value investors are too cheap to spend money on good microphones ;)

Not a prob Parsad, as long as it's available one way or another I'll be happy. What would be sad is if it was just available to the lucky few at the AGM and not to anybody else..

thanks Liberty, I found that very interesting. If you liked it, make sure to watch the video lecture that is referred to in the article, and if you want even more, read 'Good Calories, Bad Calories' by Gary Taubes, the author of that piece. Cheers!

http://www.nytimes.com/2011/04/17/magazine/mag-17Sugar-t.html

Nice article. We should invite that guy to join this forum :)

That would be great! But if it's too much trouble logistically, I'm sure us FFH fans who can't make the annual meeting would love an electronic PDF version.

There's a book about FFH's history that will be given out at the AM this year. Hopefully the people on this forum will have access to it via a PDF or something like that..

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/04/12/benzinga996147.DTL

Got some ALS.TO

Sorry if this is a repost, I didn't know it was an older video. Munger recommends reading about Lee Kuan Yew. Does anybody here have books on him to recommend? Thanks.

http://www.gurufocus.com/news.php?id=128596

This is only my personal experience, but people here seem to hold two beliefs that, when combined, are dangerous: 1) Real estate is extremely expensive and has gone up way faster than usual in the past decade. 2) It can't go down, because real estate doesn't go down. And if it does, it's only going to be a little.

I agree with a lot of what you say, Cardboard. I think Canada will probably get in trouble at some point, but it will depend a lot on external factors so hard to predict how long that's going to take.

Just got my copy. Probably the biggest book I've ever seen!

I'm pretty sure that was irony.

My reaction: ::)

You should have posted this on SeekingAlpha, the stock would've went up 25% at least ;D

As someone else said earlier, I think it's about probabilities. If it was public knowledge that LZ was on a short-list of companies that fit certain criteria by Buffett AND that Sokol was going to recommend it personally to Buffett, interest in that company would probably soar even before any deal was announced. The probability of a deal is just much higher than with any random big quality company, even if "higher" doesn't mean close to 100%.

Anyone has more info on this? At first glance I would say that this happened because he was spending so much time fixing other companies and flying around the world looking for deals. Now that we know how this story ends, we must be careful about retroactively seeing red flags that maybe weren't really there but that would fit the conclusion nicely. I'm not saying this is one of those, but I'd like more evidence to make up my mind either way.

I also wonder what this means. Is it that Hambrick is so great that he changed Buffett's mind, or that in that dinner conversation some plans about the future of the company were revealed that made things different for WEB..?

BRK is down about 3% in after-hours trading.

My first reaction was to be shocked, but then, after a little cooling off, I realize that maybe this is for the best; better that a lapse in judgement be revealed now than after Sokol is CEO of Berkshire. It might not technically be illegal, but Buffett's standards are higher than this and Sokol knew it. But any way you slice it, it really sucks. Sokol is extremely talented.

Yeah, I should probably have added the caveat that it isn't a particularly insightful piece. Sorry, sometimes I'm too inclusive in what I share ;D

Sorry, BG referred to the Validea Benjamin Graham screen that Harry used as an example. :) Thanks! I'm usually pretty good at keeping track of acronyms, but sometimes there's one that could mean a few things and I can't quite figure it out :)

http://www.theglobeandmail.com/globe-investor/investor-education/investopedia/why-warren-buffett-might-not-be-buying-stocks/article1961208/