I hope you enjoy my alternative “Telstra” press release.

LUK has the qualities of BRK, but is better value, has younger men at the helm and has outperformed BRK over the last twenty years.

I got up very early today so I could shuffle some deck chairs around on the Titanic, otherwise known as my portfolio. FWIW which is zero, I sold half of my largest position

I had assumed Klarman would quickly sell his holding in Facet for two reasons. In his ironically over valued classic Margin of Safety he highlighted the initial downwards share price path of spin-offs due to institutional selling creating a temporary supply-demand imbalance. I also thought he might be a tad gun shy of speculative biotech after his recent ACUS debacle. However, according to this recent filing Klarman has indeed upped his stake to 3,985,567 shares or 16.68% of Facet.

There is a lot of talk these days about thinking outside the box to solve the world’s financial problems. Whenever I hear and read such calls I know frustration levels are hitting all time highs.

The shorts are all over this Motley Fool Rule Breakers core holding like one of UA’s own tight fitting compression tops.

IPL is well positioned for any upswing in hard or soft commodity prices. With considerable insider buying and a recent rights placement at higher prices the current share price looks attractive.

Changes in perceptions of a company and industry fundamentals are the catalyst for a stock’s movement. Those changes need to be anticipated before others do. In this article, hard wired to deceive, Aswath Damodaran discusses how people are hard wired to be deceptive and the implications to your finances. Another blog I read recently discusses how the finacial media is attrociously bad at making accurate predictions. Put the two together and hopefully you conclude that you should never take media at face value.

I like the news flow around Macquarie a lot more than the price direction.
A couple weeks back the bank sold $2.5B in 3yr notes at 2.6%. A great rate thanks to the government guarantee. Compare that to the 15%  Harley Davidson  (HOG) has to pay. This is an excellent time to be getting your hands on cheap cash, well done Mac.
Now Mac is putting money to work in what is arguably one of the clearest long term opportunities in North America, gas. See more below.
I like the news, but clearly I’m missing …

Wow, deep breath everyone. Australia can make it to the other side of chasm. Now, which companies will profit from the $42 billion Nation Building turbo boost?