rjstc

No one mentions BRK? I'd also buy BAC, some ECO, LUK/JEFF. Also for some foreign ones Nintendo, Aida Engineering in Tokyo. LRE London. BMW3 in Frankfort, EXOR in Milan.

Do the girls call you Stubble, or Stubby? You could always take some short positions if the world is supposed to end. Actually, it's the Jumper part that they tend to GOOD ONE :D

Do the girls call you Stubble, or Stubby? You could always take some short positions if the world is supposed to end.

My father married an assertive strong-willed woman and I did the same. They are both Amazon women. I will never be free. I have money but I have no real decision making power. +1

Ericopoly, I can see the real brains of the family is your wife. We moved 40 miles from Monterey to Santa Cruz and it was still to close to my wife's family.

I've been thinking of buying for years. I FINALLY BOUGHT SOME TODAY. THAT'S THE REAL REASON THE STOCK PRICE HAS FALLEN!!!

That was a good interview and a great site. I'm going to enjoy listening in the future

Don't know if you've seen this. I've copied the following that a writer had posted on another site. "I’m not a huge follower of insider activity; generally, I’m more focused on compensation, particularly the difficulty or solidity of the targets and the behavior that it causes. With that being said, I don’t gloss over insider action when it appears sizable and out of the ordinary – and a recent trade from a director at J.C. Penney’s (JCP) looks to fit the bill. Javier G. Teruel joined JCP’s board of directors in February 2008; prior to his retirement in 2007, Mr. Teruel had spent the previous 35 years working in various positions at Colgate-Palmolive (CL), culminating in his succession to vice chairman in 2004. In addition, Mr. Teruel is currently on the board of directors at both Starbucks (SBUX) and Nielsen Company (NLSN), the global information and measurement company focused on helping customers understand consumers and consumer behavior. Since joining the board, Mr. Teruel has elected to receive 100 percent of his cash retainers in shares of J.C. Penney common stock; from roughly 6,000 shares owned as of the end of fiscal 2008, Mr. Teruel’s ownership increased to 25,000 shares of the most recent proxy filing, 18,500 of which were in the form of outstanding RSU’s with rights to acquire in the coming 60 days. We see a similar pattern at Starbucks, where Mr. Teruel has been a director since 2005 – ownership is limited, with the vast majority tied to stock and option awards. Ten days ago, this changed in a big way. On Nov. 16, with JCP shares trading just below $16, Mr. Teruel bought 125,000 shares for $2 million; to put this figure into perspective, this is more than 9x as large as the amount of director compensation he received as a director for JCP in 2011 ($217,502) and about half the amount earned in total compensation during his last year at Colgate. From a Barron’s article on the topic: "InsiderScore.com, which tracks insider purchases, thinks the buy is a big deal: 'Teruel’s purchase represents a rare show of conviction for an insider at JCP and the buy lit up our transaction scoring algorithm, garnering the highest score possible, a 4.0. Teruel’s background in the Consumer Goods sector makes him an appealing buyer, as does his membership on the boards of SBUX and NLSN, where he can gather important consumer behavioral insights.'” As I noted above, I don’t get too excited about insider purchases – many times, the dollar amount (in comparison to the director or executives overall net worth) could make the transaction much less meaningful that it looks at first glance. In the case of Mr. Teruel, it’s probably safe to assume that his net worth is in the tens of millions considering his salary at Colgate in his final years as an employee. With that being said, there’s no indication that he’s made such a sizable move during his directorship at other public companies – and I certainly see this as a positive sign for long-term investors in JCP common stock."

Giofranchi, curious, do you tend to look\find the type you are looking for more in the US or Europe?

Lot's of turkey today. Tomorrow a crab festival with Dungeness crab "Fresh caught".

Happy Thanksgiving.

Yes No F. (1) Do you provide continuous and regular supervisory or management services to securities portfolios? Radio button selected, changed Radio button not selected (2) If yes, what is the amount of your regulatory assets under management and total number of accounts? U.S. Dollar Amount Total Number of Accounts Discretionary: (a) $ 100,461,386 (d) 4 Non-Discretionary: (b) $ 0 (e) 0 Total: © $ 100,461,386 (f) 4 Part 1A Instruction 5.b. explains how to calculate your regulatory assets under management. You must follow these instructions carefully when completing this Item. This is what I found and was alluding to.

http://www.adviserinfo.sec.gov/iapd/content/viewform/adv/Sections/iapd_AdvAdvisoryBusinessSection.aspx?ORG_PK=123417&RGLTR_PK=50054&STATE_CD=UT&FLNG_PK=00C08398000801640083AEF003F18DED056C8CC0 Also read ADV Part 2 at the end of the above document. Minimum $1mm. If I read this correctly, in 2011 they had (4) accounts and just over $100,000,000.00

I believe Markel also made a significant investment in GoodHaven. I wonder also if Pitkowski/Trauner weren't on board with BB with the coming movement into things like St. Joe? It wasn't unusual for Larry or Keith to pick up the phone and talk to you when the firm had less than 1 billion. They were very approachable and conservative investors. Their focus was and is stock picking which is where their and BBs expertise was.

SUPER!!

He said good manager, strong tailwinds, a few confluences happening at the same time. Also Speier said the guy who bought the lunch with him and would be getting his old wallet with a stock tip in it would probably be getting a clue from the discussion or the stock tip. Pabrai didn't comment. I believe Parsad is right because he did mention his daughters account and also some family money but didn't completely explain.

The people at Manual of Ideas which I subscribe to had an online investor conference in Oct. featuring European investments. Then last week had one featuring Japan. They had some really great interviews with people that have experience investing in those areas. Speier was interviewed in the European one and then he and Pabrai were interviewed together in the Japan online conference. Personally I feel that I got some really good ideas from both. Ideas that I probably wouldn't have found otherwise and they were pretty in depth discussions. Feynman; Concerning the Japanese stocks. I believe their thought was that many of the stocks are so cheap that they are allocating a portion of assets there like they might in other bargain stocks in other regions. Like net-nets elsewhere the catalyst doesn't really come from the "Gaijins". Usually some other thing prompts the realization of value. There was one presenter who said his firm does work with some managements to unlock value or find synergys with other firms. But they all said you had to have patience. Like with many value situations.

It was.

Just listened to an interview on an online value conference concerning stocks in Japan. First Pabrai and Speier still sounded very high on B of A. Also Pabrai said he has about 60% of his familys money in one stock and would like to get it up to 90%. Also said he is using a basket approach to buy stocks in Japan that he bought using a screen.

Wow. Great pictures. Thanks

Nice

Santa Cruz, Ca

Lin is Ding Hao!!!

I agree 100%. But you'll probably get trashed by some on this board for saying it. They think that just because someone has done great for a while that they can never do wrong. They will sell a stock when Mr. Market pushes it stupidly high but when all that money came into Fairholme and Berkowitz decided he was going to try and be a Buffett or Lampert and it was weak money that was driving the price they would say you were stupid for selling Fairholme. He should have stuck with what he knows and what the long term investors originally bought into. No matter how great the St. Joe land development story might turn out, he should stick with what he had made his name doing.

Exactly!