Corner of Berkshire & Fairfax

2012 Fairfax Financial Shareholder’s Dinner

admin — Fri, 06 Jan 2012 02:10:26 +0000

The “2012 Fairfax Financial Shareholder’s Dinner” will be held on April 25th, 2012 at The Fairmont Royal York, Imperial Room, 100 Front Street West, Toronto, Ontario. All proceeds, including profits from ticket sales, corporate sponsorships, advertising, auctions and donations, go to “The Crohn’s & Colitis Foundation of Canada” in memory of JoAnn Butler, who was Prem Watsa’s assistant for many years.

Berkshire Hathaway Authorizes Share Repurchase

admin — Tue, 27 Sep 2011 21:01:32 +0000

Berkshire Hathaway has authorized an indefinite share repurchase program at a price no greater than current book value plus 10%.

When Irish Eyes Are Crying

admin — Wed, 09 Feb 2011 21:59:08 +0000

Engrossing article by Michael Lewis for Vanity Fair on Ireland’s current economic malaise.

http://www.vanityfair.com/business/features/2011/03/michael-lewis-ireland-201103?currentPage=all

Barry Minkow Destroyed Evidence and Lied To Court, Judge Rules

admin — Mon, 10 Jan 2011 22:20:25 +0000

Barry Minkow, the “ZZZZ Best carpet-cleaning con-man turned pastor and fraud buster”, gave false testimony, withheld documents and destroyed evidence, according to Florida State Court Judge Gill Freeman.

http://blogs.laweekly.com/informer/2010/12/barry_minkow_destroys_evidence.php

Ex-SAC Capital Traders Implicated in Insider Trading Probe

admin — Tue, 23 Nov 2010 19:49:48 +0000

Former traders of Steve A. Cohen’s SAC Capital Advisors LP have been implicated in a U.S. crackdown on insider trading on Wall Street.

http://www.bloomberg.com/news/2010-11-23/ex-sac-capital-traders-implicated-in-u-s-insider-trading-probe.html

Waddell & Reed Trades Said to Help Trigger May 6 Crash

admin — Thu, 30 Sep 2010 21:58:36 +0000

Bloomberg reports that E-Mini trades executed by Waddell & Reed may have contributed to the May 6th “Flash Crash”.

http://www.bloomberg.com/news/2010-09-30/waddell-reed-e-mini-trades-are-said-to-have-helped-trigger-may-6-crash.html

Goldman Shutting Proprietary Trading

admin — Fri, 03 Sep 2010 21:59:51 +0000

Goldman Sachs has joined JP Morgan by shutting their proprietary trading desks down, as U.S. regulators clamp down on the risks financial institutions expose themselves to.

http://www.theglobeandmail.com/globe-investor/goldman-shutting-proprietary-trading/article1695839/

Warren Buffett: The Best Piece of Advice I’ve Ever Received

admin — Thu, 08 Jul 2010 23:05:38 +0000

Huffington Post interview with Warren Buffett on life, the world and investing.

http://www.huffingtonpost.com/2010/07/08/warren-buffett-interview_n_639536.html

Germany Bans Naked Short-Selling

admin — Tue, 18 May 2010 21:17:42 +0000

Under seige from speculators, Germany has banned naked short sales in euro-denominated bonds, credit default swaps based on those bonds, and shares in Germany’s 10 largest financial institutions.

http://www.theglobeandmail.com/globe-investor/germany-bans-naked-short-selling/article1573135/