John Hjorth

Calls for a smile, ourkid ... - and yes, compounding isen't linear.

Thanks for drilling this fact down, globalfinancepartners.

Energy.gov: Renewable Electricity Production Tax Credit (PTC). U.S Income Tax Credits for Berkshire the last three full years, ref. Berkshire Annual report, p. 65: 2016: USD 518 M 2015: USD 461 M 2014: USD 333 M Those figures from the Berkshire 2016 Annual Report may include other U.S. Tax Credits than the PTC. [i don't know.]

I suspect that it is true that no other country has density like Canada, except maybe Greenland (is that a full country?) lol, bizaro, it's a part of tiny Denmark, but with its own separate government. The Southern part of Denmark sends about DKK 4 B up there every year to keep the approx. 55 thousand citizen out of the Stoneage. Greenland is actually also on the US State Budget - the Defense Budget. US Air Force running Thule Air Base, pumping out a lot of USD, creating demand and economic activity. Now back to topic.

[Damn] Good topic your're starting up here, LC. It's important, so that we don't fall into sleep. Bloomberg [2016.08.03]: Buffett Made a Big Bet On An "In your face" CEO. [About Precision Castparts CEO Mark Donegan]. I haven't tried yet to do some kind of follow-up.

Exactly, Jeff. Canadian energy policy should be discussed in the Politics Forum here on CoBF, not in the forum for Berkshire.

Where is the drill down to this in a downturn, ladies and gents? -Let's take a historical look at the four US commercial banks for a moment [attached]. [Lots af flaws [dividends] connected to the graphics - however, I still think the point stands.] - - - o 0 o - - - It is - to me - all about sustainable, and profitable, business models, - executed the right way.

Kennedy Energy Park, Australia. A collaborative project between the local Australian company Windlab, American Tesla & Danish Vestas Wind Systems A/S.

Please keep this line of discussion as of latest in this topic in the politics forum. Thank you.

Bloomberg [2017.09.01]: Vestas joins Tesla to Combine Wind with Batteries.

randomep, Both, but primarily cash flow from operations in the subs.

Read today here on CoBF, that Berkshire is retrofitting wind turbines, to make them more efficient. That's good news. Danish Vestas Wind Systems A/S is a major supplier to Berkshire for wind turbines, and they have quite some experience with retrofitting wind turbines. All good.

Wow!, Jeff. Thanks for sharing.

Encore! [Attached, source: Twitter]

Offtopic: Welcome to CoBF, compoundvalue! Back to topic.

At least to me, very good points, Cigarbutt, I think we should look at what Mr. Buffett actually do, not what he says [also posted by several board members here on CoBF earlier], ref. the "Stocks are still cheap" interview recently, where it was evident, that he was actually speaking relatively to other available investment alternatives in the current interest rate environment.

Recently, I have started reading these. Here is a link to the last one, actually just released today.

Valuahalla preferred to answer this post to me directly by PM, which I will not go in detail with here. But I'll mention, that Valuehalla consider the cash and T-Bills at hand at Berkshire [his share of it] his dry powder cash, immediately available for the Berkshire investment team, i.e. a look through view. - - - o 0 o - - - Somehow a bit related: SA: Don't forget To Copy Warren Buffett's Biggest Position.

Agreed, a very good interview, and very much in line with the last issued memo from Mr. Marks. The themes in the memo and Mr. Mark's doubts all add up to: "Proceed with caution" in the memo, like in the interview. That's all good, but the real question is, how do you quantify/materialize that into your investing actions here and now at these market levels we experience right now [naturally based on your specific portfolio composition right now]. This weekend I have asked my self the question, what does it take to be eligible to use the phrase: "It's Deja Vu all over again!" in investing, while a crash is happening? I can't come up with any other answer than: "You have to have tried it, to find out if you're good at it." I haven't [tried it]. Then I ask my self the question: "In which other professional discipline does it especially qualify by having tried to be spanked - other than investing and spanking?" Then I end up confused. - - - o 0 o - - - My favorite leisure activity in the weekends these days is to read old topics here on CoBF. The search feature on this board I actually call my Hubble Telescope. It's actually even better than the Hubble Telescope, because CoBF was folded out by Sanjeev, from nothing, 8 days before everything stopped contracting, and the whole messy thing butommed out. So, in a sense, I can look back to just a bit before in time of the Big Bang. At least to me, it's better than reading a damn good book. Because I have never been there. Personally, I will recommend this leisure activity to every board member, who started investing at least some time after the GFC [Like I have]. You can do the travel in time, simply by looking up Sanjeev's board profile, then by clicking on his posts, and then by chosing his first post. Then you just go from there on your own.

Thank you, scorpioncapital, I found it: Omaha World-Herald: Warren Watch: In contest to pick next $5 billion-plus purchase by Warren Buffett, no one saw this comming. The article refers to a Bloomberg article, which is here: Bloomberg: Buffett's Berkshire Hathaway Buys Stake in Pilot Flying J. In the article:

What's your personal take on this, especially from the angle that it's on SA, Liberty? Personally, I'm in doubt about what to think. Naturally shorting is ruthless, if you are wrong. Personally, I do not short, and if I did short, I would never even think about shorting a company's stock which was run by a friend. It would just be a no-go. Just pay back time?

It's good logic, Cigarbutt. And it's your call to move it, in case. You have as the OP the buttons to do the move, at your personal discretion.

OECD: Economic Survey Italy February 2017. It's such a depressing read. There are so many issues. Where to start and where to finish? It must be lack of political willingness and decisiveness to really make changes to the better, where it will hurt in the short run, to get better in the long run. I think irresponsible politicians. A nation with approx. EUR 320 B non performing loans on the balance sheets of its banks at some date in 2016. It's not only mind boggling, it's also ridiculous. Lots of zombie lending clients in the banks walking around dead, without the appropriate neck shot and liquidation af assets, simply because the bank can't afford the loss on its capital. Pure Stockholm syndrome. Consequense: Phony bank balance sheets & zombie banks. The fundamental question in all banking business: "Who is this going to be a pitty for, if it goes wrong?" has lost its meaning. There is a long way home. - - - o 0 o - - - Perhaps we will se more Berkshire deals like this, based on opportunities caused by local conditions.

Good points, rb. Thank you for sharing.

I have tried to find some financial data about the company, but basically to no avail. The only thing I found was this page on Forbes. I suppose the company has a lot of real estate on its balance sheet. Furthermore, I have been thinking about the accounting treatment of this investment. With an ownership stake at approx. 39 per cent, I think it will be one line consolidation as accounting principle, like for KHC, but not with a separate line in the Berkshire group balance sheet because of its minor size.