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UK

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Everything posted by UK

  1. If I recall correctly, at the time of spin off BRK held about 29 M shares of COP, so only about 14,5 M were acquired this way, the rest, or about 12.6 were bought additionally, probably by Todd and then it could be one of his largest position.
  2. http://www.morningstar.com/cover/videocenter.aspx?id=603377#
  3. Articles on Warren Buffett, Mohnish Pabrai and more: http://business.outlookindia.com/content.aspx?site=2&issue=11071
  4. I'm curious, when did Buffett mention vice stocks? Past AGMs? Don't recall this, though have heard him talk about how many letters from gamblers he gets (when talking about state lotteries). I think it's mainly Charlie, who has mentioned in several interviews that Berkshire would never invest in a casino because it's a dirty business. Buffett I think once said that he would never be in the tobacco business, but he doesn't mind owning a retailer (referencing Costco) that sells tobacco. I think they were once offered to buy a tobacco company, and even though they liked the economics, they chose against it for moral reasons. EDIT: As far as when they've said it, I'm not sure, but I'm trying to do a google search. http://legacy.library.ucsf.edu/tid/whg85e00 http://www.thefreelibrary.com/Warren+Buffett+calls+the+U.S.+beer+business+%22fascinating%22.-a0133566651
  5. http://news.yahoo.com/wells-fargo-boss-talks-bank-174027047.html —Warren Buffett is your biggest shareholder. (His conglomerate, Berkshire Hathaway, holds an 8 percent stake in Wells, about $14 billion worth, according to financial data provider FactSet.) Tell us about that. He reads everything. One time I talked to him on a Monday, we'd put out our 10-Q (a quarterly financial report) on a Friday, and he said he spent all day Saturday reading it cover to cover. I said, 'Warren, you do that often?' He said, 'Oh, I love Q's.' He was asking me about some esoteric asset — I was blown away.
  6. Hopefully it's only if you directly own 100m worth of stock. In other words, maybe if you own 50m of mutual funds and 50m of stocks, then no filing is necessary? Otherwise it seems like this is an invasion of privacy -- how do you keep your wealth secret from your children if you are filing with the SEC? http://www.sec.gov/divisions/investment/13ffaq.htm ''...but a natural person who exercises investment discretion over his or her own account is not an institutional investment manager"
  7. http://www.bengrahaminvesting.ca/Outreach/2012%20Conference/2012_Buffett_Notes.pdf
  8. http://www.bloomberg.com/video/91760089/ Warren Buffett has, for decades, held an unparalleled position in American finance. He's a legendary investor, a billionaire, and the most respected businessman in America. How did he do it? Find out on Bloomberg Game Changers this Thursday, May 3rd at 9P ET/PT. (Source: Bloomberg)
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