Archive for March, 2012

Weekend reading

March 30, 2012 Leave a comment

Warren Buffett’s $50 Billion decision: Buffett discusses his decision to start his partnership

Patience: Latest market commentary from Jeff Saut

How Buffett made his first 100K: Fascinating reading. Great stuff Geoff

Class Dunce Passes Fed’s Stress Test: Great piece by Jonathan Weil on the importance of the stress test

Categories: Reading

Weekend reading

March 23, 2012 Leave a comment

Meredith Whitney was right: A common mistake of too early but still being right

Frighteningly Ambitious Startup Ideas: Great stuff from Paul Graham

Machiavellian Temptation: David Brooks on habits

The Credit Card Platform: A coming tech revolution with ubiquitous network connection and commerce implications

Categories: Reading

Taro coming to NYSE

March 19, 2012 Leave a comment

At last, Taro Pharma is to get listed back on a major stock exchange, NYSE. Part of the initial investment thesis was once Taro was listed on a major exchange other investors could buy the shares. These new investors would realize the disconnect between the stock price and the business fundamentals.

I would believe this also an indication that Sun Pharma is unlikely to be successful in its acquisition of the minority stake of Taro at a huge discount.

Categories: Updates

Weekend reading

March 16, 2012 Leave a comment

Alice Schroeder’s research report on Berkshire: This is a dated report but an indepth research on Berkshire, even Buffett commends the research work performed in this report

Fairfax Annual Letter: Latest from Prem Watsa

Why I Am Leaving Goldman Sachs: Editorial from Greg Smith, former GS employee, talking about the change in culture. A couple of folks have come out and supported his views.

Categories: Reading

The housing entrepreneurs

March 9, 2012 Leave a comment

The current housing market doldrums is creating an entire industry of individuals and companies that are benefiting from foreclosures. This is the best story I’ve read about these new entrepreneurs. What were you doing when you were 14 years old? This one has bought a house and has a thriving business.



Categories: Reading

Weekend reading

March 9, 2012 Leave a comment

The 400% Man: Inspirational story. Great results from a value investor with an average investing and intellect background. Patience and discipline, the hardest to conquer. Here is a detailed interview with him

Margin of Safety: PDF version of Seth Klarman’s classic

Assessing Performance Records: Latest from Howard Marks

Pabrai discussing mental models: Pabrai’s public appearances have gotten rare in the last few years. Not much new here but he does discuss his early years in business and some changes to his investment process

Categories: Reading

Weekend reading

March 2, 2012 Leave a comment

The ‘Unhyped’ new areas of the Internet: Looking beyond the Facebooks and Tweeters of the internet

Chou Funds: Annual letter from Francis Chou

Wilbur Ross, Lost his touch?: It is when I read these type of articles I feel a huge rebound is coming

Pabrai’s story with Dakshana Foundation: Great article on how Pabrai came up with his idea for Dakshana Foundation. The work done by the Super 30 is amazing.

Categories: Reading