Author Archives: Timeless Investor

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.

Lessons learned in year 2013 investment

1. I need to buy/sell both in piece wise fashion

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Monday’s links

1. Bruce Berkowitz’s takes on AIG, SEARS, BAC, MBIA

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AIG echoes news of $18B common stock sales

American International Group has added a news release to its Investor Relations website and echoed Treasury’s $18B sales of common stocks. However, we are still not exactly sure when this sale will happen.

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$18+ Bil AIG common stock for sale!!

Here is a great mega news for AIG!!!! The US Treasury states that it will sell $18B worth of AIG common stocks and it will also sell $2.7 bil common stock to cover possible over-allotments.

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Charlie’s Wisdom

I recently finished reading this outstanding classic book “Poor Charlie’s Almanack” from Charlie Munger.

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BAC’s next May hearing

Remember the BAC’s $8.5 billion mortgage-bond settlement? According to Bloomberg,

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AIG ends Fed Maiden Lane chapter

I have followed on this for over a year, now finally Fed sold the last piece of ML III securities. This is a big landmark on Fed’s bail-out of AIG.

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Data of future economic trend

In my opinion, there are six immediate proxies to indicate the future economic trends,

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Excellent Q2-10Q from AIG

The financial outcomes from AIG Q2-10Q are outstanding, and here are the highlights that I found,

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ML III Sale is almost done

Maiden Lane III sale is down to the wire now. According to the NY Fed web site,

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