Ben Graham

Exclusive! The Graham Investor has staged an amazing interview with Mr Market. Never before has anyone managed to interview this elusive fellow. The interview gives us a new insight into what goes on in the mind of one of the most enigmatic figures of history. Still going strong, and still beguiling investors, traders, and journalists, Mr Market pulls no punches in this amazing interview. http://www.grahaminvestor.com/2011/10/03/interview-with-mr-market/

A Look At How Berkshire Hathaway's Todd Combs Is Outperforming The S&P 500 http://seekingalpha.com/article/291641-a-look-at-how-berkshire-hathaway-s-todd-combs-is-outperforming-the-s-p-500

Here is the YouTube link - Joe Jamail has an old fashioned Texas Style Deposition. Old Lawyer Fight: * * * * SAC case is very disappointing.

Kim Peek - The Real Rain Man

I am basically computer illiterate I do not know how to spell check this post I tried to set up an rss news feed today I do not know how. I am definately part of the 90 % >. My son will be home this weekend to help put of the tree he will set up my rss new feed my wife can not send me a text messgae and she has no excuse as she is only 41. Crrp & ubuy2wron Gentlemen, Maybe this link may help you figure out a solution to your problems:

20th-century American social critic and humorist H. L. Mencken, defined a demagogue as "one who will preach doctrines he knows to be untrue to men he knows to be idiots." http://en.wikipedia.org/wiki/Demagogy

Crazy: 90 Percent of People Don't Know How to Use CTRL+F This week, I talked with Dan Russell, a search anthropologist at Google, about the time he spends with random people studying how they search for stuff. One statistic blew my mind. 90 percent of people in their studies don't know how to use CTRL/Command + F to find a word in a document or web page! I probably use that trick 20 times per day and yet the vast majority of people don't use it at all. "90 percent of the US Internet population does not know that. This is on a sample size of thousands," Russell said. "I do these field studies and I can't tell you how many hours I've sat in somebody's house as they've read through a long document trying to find the result they're looking for. At the end I'll say to them, 'Let me show one little trick here,' and very often people will say, 'I can't believe I've been wasting my life!'" I can't believe people have been wasting their lives like this either! It makes me think that we need a new type of class in schools across the land immediately. Electronic literacy. Just like we learn to skim tables of content or look through an index or just skim chapter titles to find what we're looking for, we need to teach people about this CTRL+F thing. Google itself is trying to teach people a little something with their AGoogleADay.com campaign, but the ability to retrieve information via a search engine is actually much bigger than the search engine itself. We're talking about the future of almost all knowledge acquisition and yet schools don't spend nearly as much time on this skill as they do on other equally important areas. http://www.theatlantic.com/technology/archive/2011/08/crazy-90-percent-of-people-dont-know-how-to-use-ctrl-f/243840/

libor.plus1, Exactly, that is why I posted it ;) You read my mind. Also, think of it this way. In the old legacy TV world, did we pay for the signal to our TV directly? No, the cost was built into the delivery of the broadcast to our television set. The same now with broadband. Money will be made and significant opportunities will come into play for service providers to expand value-added services, improve customer loyalty and tap into new revenue streams.

LightSquared and Skype Co-Founder’s FreedomPop Partner to Offer Free Broadband Services RESTON, Va. and LOS ANGELES, Calif. – December 8, 2011 – LightSquared™, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation, and FreedomPop, a disruptive new company that will offer free broadband and voice services to all Americans, have signed a wholesale network agreement. FreedomPop is spearheaded by Niklas Zennstrom, co-founder of Skype, and his venture capital firm Atomico. The company will launch in 2012 with its ultimate objective to ensure that every American has access to fast, free and convenient communication services. FreedomPop will initially target underserved markets. “The Internet is a right, not a privilege,” said Matt Ingrid, COO of FreedomPop. “With the economic efficiencies delivered by LightSquared’s wholesale business model, we can achieve our objective to deliver flexible high-speed wireless access to anyone at a fraction of the cost and inconvenience seen in today’s market.” As LightSquared’s 4G-LTE network comes online starting in the second half of 2012, FreedomPop will use the company’s world-class network to power its mobile broadband service and provide advanced wireless services to customers across the country. Bringing connectivity to all Americans is a key tenet of LightSquared’s vision. “FreedomPop represents the kind of disruptive service model that LightSquared is enabling, and shares our belief that broadband access is a right for everyone,” said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. “Our nationwide network will allow FreedomPop to make a profound impact by delivering affordable high-speed wireless access to underserved communities across the country.” http://www.lightsquared.com/press-room/press-releases/lightsquared-and-skype-co-founders-freedompop-partner-to-offer-free-broadband-services/

Where's the beef? ;) * Buy out the business or have a very large position, so that Mr Market has very little to say in the matter - Control * Steady streams of cash * The Warren Buffett Way These are the luxuries of having the elephant guns, otherwise investors have to ride coat tails.

:D +1+1+1=(3) :D

The FCC held an Open Meeting in Washington, DC on Wednesday, November 30, 2011, on the subject of Additional Spectrum for Medical Radiocommunication Devices and a presentation on Commission Efforts to Address Barriers to Broadband Adoption.

This new tool will enhance education. Easily capture, transform and share video in education and TelePresence Synch, which transparently integrates interactive white boards with TelePresence. Dr. Lance Ford demonstrates Lecture Vision http://www.youtube.com/watch?v=BxSTjfDl2Co&feature=uploademail

I don't think so. The months following the Lehman Brothers collapse was the closest I have seen to a "Death of Equities" moment. I remember the stunned silences on CNBC as stocks continually hit new yearly-lows and later watching one acquaintance have a nervous breakdown after getting a margin call on a CFD he had taken out. Today, the market is a very different place. There is so much trash in the commanding ridiculous prices (Groupon, Salesforce, Tesla, etc.), not forgeting the mooted $100 billion Facebook floatation. You still have commodities at very high levels and even the stalwart mega-caps (PG, KO, etc.) are now looking at close to fair value. The US market certainly isn't particularly cheap on an overall level, especially when you take into consideration the usual value metric of stock market size to GDP, historic PE's and the long-term treasury yield. I think there is probably a little better value in Europe; Total, Nestle, EDF and a few other large caps are at reasonably cheap prices. There is certainly nothing to suggest a firesale anywhere at the moment. I am probably asking too much to see a return to 2008 when investors were puking their guts up and we saw real capitulation. A disorderly Euro exit, or something that would spook the markets is just what I would like to see. http://www.zerohedge.com/news/14th-consecutive-week-stock-outflows-retail-refuses-go-back-stocks-no-matter-what-market-does All that matters in the investing world is: buying a business at a discount, thereby, giving the owner a margin of safety. Value investors only focus on taking advantage of Mr Market when he offers to sell his shares in the business for more or less than intrinsic value. Sell the business back to Mr. Market if he offers you a price that is close to or over the intrinsic value that you previously paid for the business. These are the only principles I adhere to.

Parsad, That was cool seeing Jetman fly in formation with jets. Back to earth with our feet on the ground let's lay some new railroad tracks for Warren Buffett. This is a cool one, especially for Berkshire Hathawy BNSF shareholders Ever seen a train lay its own track? Watch this amazing video: http://www.wimp.com/traintrack/

I want to see Level 3 (LVLT) on there also - the third largest holding, wait until Mr. Market recognizes it, then LVLT will be number one for Prem's "Non-Insurance Companies" http://www.nasdaq.com/quotes/institutional-portfolio/fairfax-financial-holdings-ltd-can-11605 .

Berkshire Hathawy/IBM Smarter Cities: Building Smarter Cities Short Video: http://www.youtube.com/watch?v=2PtiWdS6UZA Warren Buffett thinks ahead.

Berkshire Hathaway's IBM Smart Business Pilot: http://www.investorvillage.com/smbd.asp?mb=444&mn=109188&pt=msg&mid=11200519

A spokesman from IBM gives some insight, in this short video: http://www.level3.com/en/resource-library/videos/ibm-red-couch-interview/

YouTube Videos on the New Maersk Container Ship 18000 TEU Triple-E ============================================================== November 25, 2011 Chinese Shipping Firms Losing Money China has ranked the first in terms of cargo throughput and container handling worldwide for eight consecutive years. http://www.menafn.com/qn_news_story.asp?storyid=%7Befe011f8-cd7b-4e3e-9e1b-d4e45c59beba%7D

Maersk Line places on order the largest vessels in the world: the Triple-E class In line with the group’s drive to increase competitiveness and environmental leadership, Maersk Line has signed a contract for ten new, innovative container vessels to be called as ‘Triple-E’. The ‘Triple-E’ vessels (Economy of scale, Efficiency, Environment) will set new standards for size, fuel and cost efficiency as well as reduction of CO2 emissions. The capacity of the new vessels is 18,000 TEU, exceeding the capacity of the world’s largest container vessels currently, Maersk Line’s PS-class vessels of 15,550 TEU.The vessels are scheduled for delivery between 2013-2015. http://www.maerskline.com/link/?page=brochure&path=/about_us/milestones

This is how Wal-Mart, K-Mart, Woolworths etc. gets it's stuff. Photos of The Emma Maersk cargo ship: http://andjoh.posterous.com/the-emma-maersk-part-of-a-danish-shipping-lin What a ship. No wonder 'Made in China ' is displacing North American and Australian made goods big time. This monster transports goods across the Pacific in about 5 days!!! A recent documentary in late March on the History Channel noted that nearly all of these containers are shipped back to China , EMPTY.. Yep, that's right. We send nothing back on most of these ships. What does that tell you about the current financial state of our country? Just keep buying those imported goods (mostly gadgets) until you run out of money. Then you may wonder what the cause of unemployment is in the U.S.A., Canada and Australia might be?

Level 3 had the opportunity to take advantage of IBM's innovation before Berkshire Hathaway bought IBM shares. Indirectly Berkshire Hathaway is deepening a relationship with Level 3, and will reap all the benefits that the collaboration of cross-license patent agreements bring. Level 3 Communications, Inc. (NYSE: LVLT) and IBM (NYSE: IBM) Announced that the companies recently entered into a long-term patent cross-license agreement. Under the terms of the agreement, IBM granted Level 3 licenses to IBM's approximately 42,000 pending and issued patents which cover a broad range of telecommunications services and technologies. In turn, Level 3 granted IBM licenses to those of Level 3's more than 850 pending and issued patents which cover a broad range of information handling systems. The licenses will last as long as the lives of the respective patents. Other terms of the cross-license agreement were not disclosed. "We have long admired IBM's legacy of innovation," said Jack Waters, chief technology officer of Level 3. "This patent cross-license agreement provides Level 3 the opportunity to take advantage of IBM's innovation as we continuously expand the range of services we provide our customers." "IBM enjoys a widely recognized reputation of innovation and invention for technologies related to telecommunications, networking, media and entertainment," said Dan Cerutti, IBM's general manager of intellectual property. "With this cross license, we look forward to deepening our relationship with Level 3, and reaping with them all the benefits of collaboration." Feb. 28, 2008: http://www.prnewswire.com/news-releases/level-3-and-ibm-announce-patent-cross-license-57344172.html

Social TV: The future of television How TV is hooking viewers through social media -- and which shows are winning and why. Uploaded by Reuters Video on Nov 17, 2011: http://www.youtube.com/watch?v=t2dVj8J93f0&feature=youtu.be

This article just came out an hour ago. US TV stations go social 08.14 Europe/London, November 21, 2011 By Robert Briel Ten television broadcast groups with stations in markets covering 76 million US households have announced a long-term commercial partnership with Silicon Valley-based start-up ConnecTV. The new partnership is to launch a “second screen” social TV experience in early 2012 using a free, real-time social network built for TV viewers. ConnecTV expands the TV experience by allowing viewers to interact with other fans watching the same programme, while providing a broad range of related content and promotional opportunities that are directly synchronised to programmes being viewed. Participating broadcast TV groups include: Barrington Broadcasting Group, Belo Corp., Cox Media Group, E.W. Scripps Co., Gannett Broadcasting, Hearst Television, Media General, Meredith Corp., Post-Newsweek Stations and Raycom Media. Combined, these TV groups own 201 stations made up of ABC, CBS, FOX, NBC, CW and WB affiliates in 45 of the top 50 markets. Nine of the 10 broadcast groups had previously formed a venture named Pearl, which, as part of this partnership, will expand and coordinate the affiliate base of participating local broadcasters for ConnecTV. All broadcast partners plan to integrate and synchronise their programming within ConnecTV and promote the new service on-air and on-line. As part of the commercial agreement, the broadcasters will have local advertising inventory appear within ConnecTV to drive programme promotions and deliver campaigns through their local ad sales teams. In addition, a number of the broadcasters have made an undisclosed investment in ConnecTV. “From its very beginning, television has always been a big part of the daily American discourse. In this digital era, much of this dialogue now takes place on social media platforms. As local broadcasters, we love that people are talking about our shows,” said Alan Frank, president and CEO of Post-Newsweek Stations on behalf of Pearl, in a statement. “We looked long and hard for a partner that could create a compelling environment that would encourage, enhance and monetise that dialogue, even during live programmes including news coverage or sporting events – and we found it at ConnecTV.” “Our mission is for ConnecTV to be the social network that empowers entertainment, news and sports fans to share the greatest moments in television,” said ConnecTV co-Founder Ian Aaron. “The team at ConnecTV is thrilled to work with the leaders in local news and television across America as we bring to market an innovative and engaging second-screen experience for all TV viewers that works seamlessly across all programming genres and on all platforms. With over five billion TV viewers and the explosion of tablets and smart phones globally, we are truly at the beginning of a new way to watch TV.” The news of the partnership with the leading broadcasters represents the first public announcement about ConnecTV. For the past two years, the venture has been developing its core technology, and fine-tuning its social TV platform and user experience. Available now in an “invitation only” sneak preview, ConnecTV will be launching to the public in early 2012. ConnecTV was founded by Ian Aaron, former President of Gemstar-TV Guide and CEO of TVN Entertainment; Alan Moskowitz, former senior engineer at MobiTV and member of the founding engineering team at TiVo; and Stacy Jolna, former general manager of TV Guide OnDemand (TV Guide SPOT) and chief programming officer and founding executive team member of TiVo.