Green King

Unreal, indeed. Very cooperative. http://www.youtube.com/watch?v=G90YcgwAZTM watch the entire thing. at first i though that was what it was but keep watching. i think if he use this full strength the kid would have been fully injured and other parts looks to good to be faked. But i have don't not have the extensive experience to tell. I think he just know where the center of gravity of the kid is. it Like betting all in when Wells fargo was at $7 it was very hard to lose money.

I didn't expect to like the martial arts chapters as much as I did. But his strategic approach makes it seems almost like chess. And that's kind of the point... Lots of approaches and skills are transferable. check this out its Unreal

I just finished it. Its quite informative. Brings the unknown barriers in our mind (the dogs that dose not bark) into light. Shown us what they are and tells us how he dealt with them. Showed me some more things that i have to work on over my life time. Also make me want to try meditation and tai chi.

There is probably a RE bubble in Taiwan also. Walking out my apartment, within 10 minute walking distance there are about 4 or 5 selling offices for RE agents. Here in Taiwan, due to the limited supply of land, RE prices has always been high in the Taipei area. People appear to be willing to spend more money (in terms of so many month's salary) than in US. But I am not sure whether we have really pushed it too far this time. A small apartment here in Hsinchu costs about US$150-200K. In Taipei, the price could easily double. To give you an idea about how affordable the prices are. Engineers with MS degrees typically make about US$25K a year. Teachers, considered well paid locally, proabably make about US$20K a year. Starting salary for college graduates is about US10K a year. Another way to look at it, I was renting an apartment for US$1K per month a couple years ago. The apartment owner wants to sell it for about US$330K. It would seem to me that the price relative to rent is quite high. In Hsinchu, where I live, I was told by several co-workers that there was a mini-bubble in late 1990s, when the science park here was expanding quickly. There was a crash following the burst of 2000 Tech bubble. It took 6-7 years to recover. So people do know that it is possible to lose money "for a while" in RE here in Taiwan. One thing may be interesting this time around is that here in Taiwan, one can only get "floating" rate mortgage. I have not been able to find any banks wanting to make loan with a fixed interest rate. I often wonder why people here are confortable with these large floating rate loan. I also wonder whether the low monthly payment is pushing the prices too high since the mortgage rate is around 2%. The property tax is less than 0.1%, as far as I know. Holding costs of a property is quite low here it appears. So many people seem to be willing to hold on to their properties. Thank You for your response. It gives great prospective. Do you guys have the same debt problem as the US? Is there a unofficial peg to the USD? Dose it feel like it was back in the 90s over there ? Do you think those owners will blow up if interest rate rise by a few hundred bases points ?

It seems similar situations has occurred in twain and Hong Kong before but on smaller scale. can someone out there share their experience?

Thank you for the help too bad I am based in Canada.

Is a lower VaR a good thing ? dosen't it increase short tail risk ? or is there just no other way to measure risk?

I thought the reason he would by by more is one because he owns a lot of it he would be over weighting and the other being he can get better compounding buying businesses out right since the money can go to brk daily for reallocation. Also of cheaper things are out there but I am not vey sure about it I have not look at all of them yet.

Thanks great perspective. ;D I think that is why we believe in the margin of safety.

I don't think war should be considered as cost benefit analysis. Since it create alot better condition for those who survive. Lower population, more requirement on labor again due to the destruction of production capacity. I think it has always been how we have dealt with over population, lack resources and work for everyone. Historically these condition are what created great unrest in countries like China. There a massive waring period much of the population are killed and displaced due to war. The fundamental reason for war, i believe is caused by overpopulation which decrease rice productivity per person. Which causes increase in tax rates, which causes massive tax evasion by the rich, which cause insane taxes to the poor (those who can't evade taxes). The peasants no longer can live on their traditional plots of land or by working. Forcing them to get into groups and rebel. Causing war... opportunity change in balance of power End of war. Lower population and destroyed production capacity. Than the cycle start all over again over time. Now i am not sure Due to the power of technology * Green Reveloution * Atomic Bomb

That's how it happened, but as there is no control group, you can't say it wouldn't have happened (maybe even better) without WWII. A lot of things can be impetus for change. I think base on my current study of history. For there to be Gaining in rights the society has to be in crisis in a shape a forum. Which in turn making the group more valuable to the current power. Or else there is either no enough support or there fight and struggle can be easily be crashed. Also given that the current technology allows a this shift in power in the economy and society. That is what I believe as the traditional game plan. But who knows the future might be different. But if you can give me a example I would love to hear it.

You also have to account for starting from scratch again. Alot inefficiencies and institutional dogmas that would not be changed if the country were not in crisis. WWIi give rise to middle class, American manufacturing, union power, and many social reform that transfer already Alot of wealthy to the people as a enticement to support the war effort. I am not supporting War but a crisis is needed for any major change to take place.

Can us mere mortals get some context and commentary ;D So it's a buy? Or is it still uncertain due to political instability. The uncertainty in the countries' monetary future possibility of unrest, hyperinflation and regeme change ?

That can be done with current technology just need some good engineering :D

Saw some of the interview and talks the author give. This is some awesome show stuff thanks for recommendation.

I just read some of OID‘s stuff their are quite high nice. Any ways to get my hands on some of these? I also found this its quite nice http://www.fairholmefunds.com/pdf/oid1992.pdf Crash course on banking

Nassim Nicholas Taleb ZURICH.MINDS

Can you expand on your view on RIM's moats ? How much are they worth ?

link please

how much is it per day ??

I agree, I would rate this site in my top 5 clicks in the morning to get the day started....one of which is the Nespresso. I can't say the same for FB. Have in mind that the demographics of this board probably is the most ill-suited as Facebook customers/users. Mostly introverts, high IQs and on top of that most people here are above 30 (thus in general don't use computers as an integral part of IRL communication but as complement/substitute) and the board is exclusively male. The most ardent Facebook users are the antithesis to those attributes, so your experience doesn't really matter to Facebook. That's also the reason why Google+ is failing so miserably. It's aimed at a group of people who just plain sucks at gossiping and small talk, which makes for the cyber version of a ghost town. Nice perspective +1

Those who can, do. Those who can't, teach. ;) I think I remember reading an interview with Bruce Greenwald saying he couldn't pull the trigger on investments. He could research and value fine, but actually making the investment, he would freeze up. Where did you find that interview? I would also like to read it.

Competition Demystified: A Radically Simplified Approach to Business Strategy by Bruce C. Greenwald and Judd Kahn.... My thoughts exactly.

i never been to this thing before. Whats the dress code?

count me in too! ;D