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fareastwarriors

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Posts posted by fareastwarriors

    California Leading U.S. Out of Housing Bust

    in General Discussion

    Posted

    I just bought a Triplex in Cali.  ;D The rental income is great. I don't need price appreciation to make a decent return but I wouldn't mind either!  :P

     

    Leverage low refi-rate?

    in General Discussion

    Posted

    Given the new low mortgage refinance rate (you can take out a 30-yr mortgage @3.875% or less, depending on your loan amount), I'm thinking about taking money out of the house and invest to get higher return. Has anyone thought about this? is it worth the hassel/risk?

     

    If you can afford it, have a big emergency fund, and have a stable job/income, then it might be worth it. Using "leverage" might more risky but sometimes you gotta risk it to get the biscuit.

    Berkshire 13-F

    in Berkshire Hathaway

    Posted

    "About 40% of the holdings of DaVita are in some of BRK's pension plans"

     

    Source?

     

    It is in the filing.

     

    9. 4,197,569 of the total reported securities as of September 28, 2012, are owned by the following pension plans of Berkshire's subsidiaries: Acme Brick Company Pension Trust (175,000), The Buffalo News Office Pension Plan (65,000), The Buffalo News Mechanical Pension Plan (16,000), The Buffalo News Drivers/Distributors Pension Plan (7,000), The Buffalo News Editorial Pension Plan (105,000), Dexter Pension Plan (90,000), Flightsafety International Inc. Retirement Income Plan (300,000), Fruit of the Loom Pension Trust (670,000), GEICO Corporation Pension Plan Trust (1,303,769), Johns Manville Corporation Master Pension Trust (1,182,800), Justin Brands, Inc. Union Pension Plan & Justin Brands, Inc. Pension & Trust (96,000), and Scott Fetzer Company Collective Investment Trust (187,000); each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.

    The Secrets of See's Candies

    in Berkshire Hathaway

    Posted

    I was with a coworker in downtown (Financial District) SF. My coworker wanted to get some chocolate for his wife. We went in there. The cashier was being so rude to this tourist couple. I didn't know what happened before but how the cashier handled the whole situtation was just terrible. She was swearing at them and calling them inappropriate names. The situtation was awkward for my coworker and I, the tourist couple, and the others in the store.

     

    I just hope that cashier was an exception and she was just having a really off day...

      :(

    Chou funds semi-annual report

    in General Discussion

    Posted

    Thanks for posting.

     

    Investing in U.S. Financial Institutions Following up on a past letter, we continue to believe U.S. financial institutions are very cheap and TARP warrants associated with these companies are an attractive way to invest in them. Depending on the price, TARP warrants have several characteristics that make them appealing long-term investments. Specifically, they are long dated, with most expiring around 2018-2019. This time frame of six-plus years allows banks to grow their intrinsic value to a high enough level to have an appreciable impact on the strike price of the stock warrant. In addition, we believe the strike price will be adjusted downward for any quarterly dividend that exceeds a set price. This is rarely seen in a stock warrant. An example: for Bank of America, class 'A' warrants, the strike price is adjusted downward for any quarterly dividend paid exceeding one cent a share.

     

    Bank TARP warrants are complex, with terms and conditions that are unique to each bank. Thus we encourage you to research them for yourself and draw your own conclusions. The legalese is quite intimidating but there is some help on the way. Some banks have started to pay dividends that exceed a set price, and we are starting to see how anti-dilution clauses that were added to protect TARP warrant holders apply with regard to:

    1) The adjustment of the strike price.

    2) The adjustment to the number of shares you can purchase for each warrant you hold.

    CNBC

    in General Discussion

    Posted

    That's why Buffett has it on mute all the time until he sees something he wants to listen to.  I also can't believe how Andrew Ross Sorkin has been sucked into the CNBC culture.  Having him and Joe Kiernan doing interviews together is awful...with Joe always shouting over Sorkin and everyone else.  Cheers!

     

    Andrew is the younger guy right?  He seemed like he might actually be decent--did he come from somewhere legit?

     

     

    Andrew is from the New York Times. I believe he was the editor of the Deal Book section.

     

     

     

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