While the press yells sell, Eddie Lampert bought back 4% of Sears in 3 months.

A look at why academics are wrong even today, and some excerpts from a paper that supports investment concentration.

A little look at what might have happened with Pinnacle Airlines and why Mohnish Pabrai might be selling his position. 

Steak N Shake reported Q3 numbers, their first under Sardar Biglari. A look at the numbers and how SNS might be simply valued.

Steak N Shake has a new CEO: Chairman Biglari.

Taking a look at some bargains I see floating around right now, from mechanical contractors to media.

Taking a look at some news pieces and items of interest related to Steak N Shake, from the past 2 weeks.

Recent interview with Geoff Gannon of gannononinvesting.com

With compliments to Street Capitalist, I came across an article called The Checklist, about a doctor who used checklist to improve patient care, with dramatic results.

A little numbers work with what Sears could be worth.

In an unprecedented move, the SEC tells short sellers they must close out their positions and re-allocate that capital to the short sale of commodity futures.

I attended the 2008 Western Sizzlin' Annual Meeting, and with help from a few other shareholders, put together a set of notes on what took place at the meeting.  Enjoy!

By the end of the year, Time Warner Cable (TWC), will be a stand alone entity after being spun off from Time Warner Inc. (TWX).   TWC is a publicly traded company as it currently stands, 84% owned by its parent, Time Warner Inc.    The carve-out occured early in 2007, trading between $36-43, but has plummeted down into the $20’s since.

Bruce Berkowitz has showed up on 4 major media outlets in the last month alone, discussing the Fairholme Fund and its approach.  I sum it all up.

I take a look at why multiples of book value and earnings don't make sense to use in valuation, while liquidation value and free cash flow are much more sensible numbers.