Green King

Yup. We're about 140% long notionally (non recourse), but have a lot of what I think is a close to but better than cash equivalent: BRK because of the Buffett Put. Interestingly, Benjamin Graham was over 200% leveraged in 1929 when the market crashed, but lost only exactly 70% of his fund's value by the time the market hit bottom in 1932, thanks to all the ways he arbitraged and hedged, compared to the market's losing 87% of its value. He never went to cash. By 1935, he was back up to his high water mark. :) Where can one learn how to do that ? :)

I don't understand can you explain ? no position

now we know its a fraud lets find out how to short this. :D

Lolz.. :D at least there is one looking for shell companies. http://instagram.com/p/NiXqSkL5Ba/

there should not be politics or sides. Lets just discusses facts or this can get messy man. Why should be Privatize ? Will it solve the current problem ? Would it make the economy more efficient ? Is that the goal ? What is the Goal ? Save money ? What about the poor that capitalism frequently miss because they are not yet profitable to service ?

Anyone know how he got the uninsured mortgage number ? Any how to trace it back ?

thanks nice read!

sounds fun count me in. ;D

thanks anything interesting to share ? ;D

anyone looked at Genworth Financial Inc Home Capital Group Inc Genworth MI Canada Inc

wtf ???

have i miss read or did this guy just by s&P puts and traded most of the time.

With such clear conviction, why in your opinion didn't WeB invest directly in the equity? does the preferred route not suggest it's not that clear to him? When Buffett invested the $5B, BAC was in a much more precarious position. Did he not recently say he wishes now that he had invested more? Buffett invests with Leucadia in things such as Berkadia, but he never invests directly in Leucadia...does that say something about how he feels about Leucadia equity, or is there just some things that Buffett chooses to invest in one way, and perhaps not another. Don't spend all your time wondering why Buffett did or not do something. Like everyone, including you or myself, there are things he will miss and many things he will get right. Investing is as much an art and based on your comfort level, as anything else...Buffett had much more comfort in preferreds rather than equity at the time. I would not be the slightest bit surprised if he buys equity at some point, and let's not forget we still don't know what Munger bought for DJCO...alot of people think it was BAC common...but would that matter?! Not one iota to me. Cheers! One can of course disregard buffet's doings, at his peril. However, his past preferreds investments were based, as you say on - not enough comfort. I do not understand banking well, too many moving parts to my taste, so I ask... why the discomfort? (and re LUK, yes, I think it says something about how he feels about Leucadia equity). What u are using is a double edge sword be careful.

whats BV ?

I'm pretty sure U of T and the Metro Toronto library has access but I'm not sure about anywhere else. I know the library here in Newmarket doesn't have it. Edit: I found most Canadian Universities have access but I haven't found libraries..............yet. :) same here. :'(

I read a few chapters. Good so far. Thank you for bring this to light.

i think the margin of safety may be in things we can't see based on our current understanding. Being his understanding of the feasibility of technology and the cost in brain power to make it happen. Making as he say "high probability of success."

there is a difference between doing great things and getting high return on capital.

very nice. ;D thank you for sharing

Terrific post! Cheers! +1

thank you for sharing

Happy Birthday ! Thank you for the forum. http://marywm.files.wordpress.com/2010/02/the-number-one-diet-book-in-america.jpg Enjoy the burgers

Thanks for that, I hadn't seen him in action! I think it is further evidence for my point above: He was the best in the world at fixed push hands and co-winner in the moving category (because the judges were corrupted, but that's another story), yet it looks nothing like the "old men making students fly around or fall down"* videos that you can find on youtube. Totally different. More like a kind of very technical wrestling that follows the laws of physics :) * Here's the top result that I saw on youtube. I bet that kind of stuff has been debunked numerous times (ie. it works on the students of that old master, but ask a random guy who knows nothing about the old man to fight him and things suddenly won't be as 'mystical-looking', though I bet he can still fight conventionally too). In fact, I vaguely remember seeing a video debunking that kind of stuff years ago, but I don't remember enough about it to find it on google. lets find a few guys and test it :D I took am a little skeptical about the powers. I would love to be able thrown away or see that it isn't possible. Like to know how it feel.

I think what is being done is possible. Whether this is real i have no clue i have not study it for extensive periods. the motivations, the context of the crowds, and etc. I don't have money in it i see it as unreal thing that people don't normally see. I just though it was unreal based on motions. here are some of Josh Waitzkin's videos http://www.williamccchen.com/CH16.WMV http://www.williamccchen.com/CH15.WMV

I agree the student was very supportive. I don't think with the higerical structure for martial arts the why it is in China. The student can actually try all in against the master. The movements was what caught me. I heard that unless your study tong zi gong you abilities start decorating after a certain age. that was a interesting video i have been thinking about how to put someone down in similar body positions, that was a great solution to the problem. Edit: your right very cooperative !