As Investors, we represent the single biggest voter block in the country. We must respond in one voice to the endless political drivel with a resounding "Money Talks, BS Walks". We want decision makers who design laws that aid economic freedoms, not lawmakers who make decisions that restrict them.

As Investors, we represent the single biggest voter block in the country. We must respond in one voice to the endless political drivel with a resounding "Money Talks, BS Walks". We want decision makers who design laws that aid economic freedoms, not lawmakers who make decisions that restrict them.

After holding for more than two years, I finally got the courage to dump JMBA. Here's why.

After its second bid was rejected, a frustrated Microsoft turned its back and walked away. This infuriated Yahoo shareholders who had seen the bid as the company’s last chance to regain profitability. A contingent led by Carl Icahn instigated a proxy battle, seeking to oust Yahoo’s current board of directors and replace it with candidates of his choosing.

Video of William Ackman interview with the Wall Street Journal. Thinks shorts would be the best source for journalists. Thinks shorts could have prevented a housing bubble. I think he is stretching his defense of shorts too far.

Thoughts on how David Einhorn's campaign against Lehman Brothers cost the CFO, Erin Callan, her job. Lesson: Don't dismiss the shorts.

Many investors (NFI included) are questioning why steak n shake doesn’t immediately halt corporate expansion and funnel the money towards share repurchases. Biglari - one of the few board members at the company that seems to understand return on investment - is fighting an uphill battle.

Given the poor performance of Steak n Shake (SNS) it should be no wonder that some shareholders are disgruntled. Below is a letter to the company, by H. Kevin Byun of Denali Investors. He suggests a number of appropriate methods for the company to pursue in order to create shareholder value.

With the company now trading at about $8 per share there seems to be quite a bit of fear. One of the walls that stood in the way of the company’s value was their stubborn and entrenched management. With Biglari's landslide win, change becomes very possible.

LONDON, England (CNN) -- The British government said Monday that struggling mortgage lender Northern Rock would remain nationalized until the current financial climate improves.

This NCAV stock popular with deep value investors has attacked the attention of Everest Special Situation Fund, which has acquired a 5 percent stake in Concord Camera. The fund is pushing for changes. Will the asset value of this company be finally realized?

I’m trying not to pick on ITEX CEO Steven White, but he’s not making my life easy. I have a lot of respect for what he has done on the operating side of ITEX, but in what seems to be a growing trend (this is the third time) he’s once again (intentionally?) misleading shareholders. Biglari's long term track record is quite satisfactory.

As of 2/13/2008, CCU has inked a deal to sell 60 radio stations. This is the first tangible, non reversible action taken after clearing all regulatory obstacles towards completing the Bain Capital Partners and Thomas H. Lee Partners acquisition. Financing fears (which are non existent as UBS is the 2nd largest shareholder etc.) leaves a 30+% arbitrage opportunity to be realized before July 2008.

Biglari issues a letter just before the Steak n Shake earnings conference call on January 24th accusing the leaders of Steak n Shake of destroying shareholder value. This fight is just starting to heat up.

Herb Greenberg on longtime MBIA critic Bill Ackman's letter to Fitch Ratings.