Hi Phil, are you using interactive brokers to do your investing?

Hi Sam, When you mention about GURE, I try to figure out myself whether it is a Rule #1 company, what i understand is the company is selling bromine and crude salt. I see the number and it is really good, right now the price is 2x earnings, and 50% below its book value. So I wonder how can the price go down very sharply from the highest $14 in January 2010 to $3 now. After I've done searching some news about it I found the news about the company was doing some frauds by manipulating its number on the financial statements. I don't know whether it is true or not. Here is the link to the news: http://seekingalpha.com/article/281709-gulf-resources-third-party-report-casts-doubt-on-production-claims So that's the reason why a lot of investors dumping the stocks. I just did about 30 mins research, I think you need to see trough again whether the issue is correct or not. Any comment from Phil or others? Regards, Andri

Hi Ross, I had bet my money in RIM when it was still $70, luckily I could get out of the market before it fell like a brick (now the price about $20). The lesson is I don't know what RIM will do in the next 10 or 20 years. I know they will sell a tech gadgets but what kind of technology since its competitor Apple, Google, and Microsoft always show new innovation and development in the next next things of gadgets; especially Apple that always innovate the product from Macbook to ipod to iphone and to ipad, what next? I really don't have any idea and it seems like RIM tried to copy Apple on the product. It is really hard to predict what they will do in the next 10 - 20 years. Now, I only look more for a company that I know what they will do/ sell in the next 10 or 20 years. Regards, Andri

Hi Michael, Search more, last down on stock market provides some MOS price which I found in a few company, just look more, I personally have look for more than hundreds companies. I believe you will find one that you understand. Regards, Andri

Hi Josh, Phil have done it before in his book Rule #1 on section Q&A page 279 (paperback on three rivers press publisher). This is my version: A Rule #1 Analysis of Berkshire Hathaway (June 2011) Current Price : $102,450 Current TTM EPS : $7,457.71 Big Five: 9yr, 5yr, 3yr, 1yr ROIC : 7%, 7%, 5%, 7% Equity : 11%, 10%, 7%, 14% EPS : 35%, 7%, -2%, 53% Sales : 15%, 11%, 5%, 21% Cash : 12%, 14%, 13%, 13% estimate growth rate: 11% PE : 22 Future EPS : $21,176 Future Value : $465,863 Sticker : $115,154 MOS : $57,577 Payback Time : 5.5 years Regards, Andri

Hi Sean, Are you confidence that the company will grow at 19% pace within the next 10 years? If it really does then it will become 25 billions worth of business, it almost 3 times bigger than Gap market cap which is 8.5 billions right now. (I use Gap as a comparison because I see that Urban competes with them.) If you really know the company and confidence with its durable competitive advantage then go ahead.