First frustration is lack of transparency. I think we do know the 'big picture' and they have been consistent in that regard: buy, buy and buy some more. As such, the picture is a work in progress and it is being drawn, partially erased, re-drawn, etc.. Most posters appear to be concerned more with the level below the 'big picture'; verifiable information regarding announced deals and transparency regarding financials, share count, etc.
Sure, it would be nice to know if they are going to focus on oil/gas, mining, aviation, banking, etc. Honestly, I don't think they know where the focus will be. But it is obvious that they are constantly looking for deals that offer the potential for greater returns than those of prior deals (e.g., pools, oil exploration, Pro-Gas, MS pit, etc.) We all know that PBLS is not a company that makes widgets and their goal is to be the best widget maker possible. PBLS is a company that wheels-and-deals and as such it is not for the squeamish. Even with full transparency, investing in PBLS is not like investing in a company in which you check your portfolio every quarter!
