John Hjorth

That's OK for my part, Nebraska, All the best to you with this investment. I was not trying to be condecending here. The rest can go to the particular topic in the Investment Ideas forum.

Stock has been on a tear before today. To me, it is just a sign that Mr. Market is coming to his senses re: relative valuation of Berkshire versus the darlings of the day. Or even the Snp. Maybe this is a sign of the two way correction ;) There are many around here who have been scratching their heads over the relative under-valuation for some time now. There is much more room for Berkshire to run. Even after the run up, using a BV of $200k per A, likely over the next few qtrs, we are still in the <1.5x territory. I like it and I don't like it as I have some buying left to do. Right now, Valuehalla is - because of currency movements - down 12.33 per cent on Berkshire, alone based on currency movements, this year, I'm - because of currency movements - down 10.91 per cent on Berkshire, alone based on currency movements, this year, Neither of us whine on here.

Why not? Everything has a chance to go to zero. Your post does not qualify, Nebraska.

A belated happy birthday to you, Seth.

lol, I don't have clue, writser, I don't consider my self a gambler. I have a hunch about where to start, though, to find the answer, for Danish citizens. I considered Danish tax law just soo dull at the university - I had absolutely no clue about what to do with that dull stuff then - just soo boring. I remember my tax professor in the first lesson telling all us students: "The Danish tax system is basically based on the ground principle of the ability of the entity to pay taxes. Now, that took me less than 30 secs to teach you that. The rest of this course, we will focus on all the exemptions." I also remember that the tax text book had a separate section about "random earnings", as some kind of residual section [outside the whole "logical" tax system], picking up a desription of how "all the rest" is taxed, such as gains on lottery tickets, income from prostitution and such. - - - o 0 o - - - I mean, isen't any order intake in any business - at least to some extent - random?

A couple of months ago, I did some search for a pair of new swimming trunks. I ended up on swimsuitsforall.com, somehow. Since then I have been flooded with ads from Gaby Fresh here on CoBF. Now that is quite demanding about staying focused while reading. She hasen't pulled me to the buttom yet, though. Perhaps I should send her my cookie.

Thank you, Jurgis. Unfortunately I have missed Dough's post while reading. Edit: I have now read the webpage linked to by Dough - that's straight out crazy. Ignorance taken to fifth power.

Thank you for sharing your experience, LongHaul, You post is a mind bogling read. My hairline in the neck is bristling. It reads as "normal stuctures" and activities in society and dailyday life basically has totally collapsed, locally. If you have the surplus to respond now I would really like to read : Your take on how did this end up being so bad for the City of Houston? [i know, it's far, far from over yet.] Has there been something wrong with the urban planning for the city? [in clear hind sight.] What is your personal take on the political consequenses [planning of countermeasures for similar situations for the future etc.] of this situation right now? - - - o 0 o - - - Please, by all means, just take your time, if now is not the time to respond because of more important matters. Thank you in advance.

Please note Pete's discussion basis here, thank you. [: - ) ]

Started a small position today in SPKSJF.CPH [sparekassen Sjælland-Fyn A/S]. You'll most likely not be able to find a Danish bank stock more dull. Absolutely no rock'n roll here, extremely conservative also. Most likely nobody know about it or even care about it. Dust and spiders web all over it. IPO'ed in December 2015 with no fuzz. Hill-Billy bank in the outskirts and in the middle of nowhere here in Denmark on the islands Sealand and Funen. Totally out of favor at investors. Thus relatively cheap. A hazzle to buy because of low liquidity and a market maker [sydbank A/S] trying to screw you. And unfortunately no financials available in English, as far as I can see.

Great discussion, based on that not any of you have actually read the book.

All the best to you, Lance.

writser, -To me, you really need to do some work on your board appearance. We don't buy it any longer, you calling your self "I'm a poor guy, basically doing nothing". You seem to me to be everywhere where there is rock'n roll and blood in the street, and always walking away with a nice gain in a very short time. Now, that boxing bet tops it all. [How is that taxed at your place, by the way?] - Good that you had fun, too! [ : - ) ]

That reads friggin' crazy, Dave, All the best to your family and you. All the best to all of you.

Thanks for the update, Joel, And here I sit tinkering with calculations of the new Danish [to come] "Stock Savings Account" - under clear blue sky, here in Denmark. There are more important things than money, if you are hit. I hope all fellow board members are doing good. Take care, all.

I hope that you'll open a separate topic in the investment ideas forum for MX, Picasso. The numbers for MX looks so weird to me, that it caught my interest. And yes, I'm bored.

I have been reading about this hurricane in the news today. It reads really bad, with lots of rain to come. I hope all is well for fellow board members located in Texas.

It's a it more complicated than that. Thank you.

Thank you for your latest post in this topic, Dazel [not the one quoted here], I sincerely hope that you will stay around active here on CoBF. Message boards evolve over time. For my part, your posts about Fairfax are very, very much appreciated.

Thanks, globalfinancepartners, I'll try to take a look at the WFC positions, too - in the coming days.

Added a bit more to SCHO.CPH during the last days, while the stock has been in a downward trend short term, based on management selling. Added to SHB B.STO [svenska Handelsbanken AB, ser. B], too.

Naturally I don't question information from Mr. Hamburg - I hold him bery high, and admire his work for Berkshire, he is on the professional level in his very own league, in my opinion -, but if you take a look at the 13/Fs, and look specifically on the KO positions in the Berkshire group year end 2016 and try to reconcile the number of KO shares in the Berkshire 2016 Annual Report with the year end 2016 13/F, why is Berkshire then reporting in the Annual Report possesion of 400 M KO Shares, and not [400 M - 800 K] KO shares? [800 K shares are reported as belonging to Mr. Buffett, while you have to include that position, to get to 400 M KO shares in total in the 13/F.]

On a tentative basis, how should we look at this situation?: Possible outcomes: 1. Sempra Energy gets all needed regulatory approvals etc., Sempra is the new owner of Oncor [as stated in the bid from Sempra, in all details] 2. Sempra Energy does get turned down by regulators etc., for whatever reason on their bid, meaning: The whole process is starting all over again, again meaning: 2a. Berkshire puts in a new, adjusted bid [to me, adjusted for the break up fee already achieved so far?] 2b. Elliott steps in again with something [?] - - - o 0 o - - - Marathon aquisition.

It's an increadible difficult area to do aqusitions Berkshire style, because of all the involved parties. Think Constellation Energy break up in 2008, too. So, this is not the first time a Berkshire deal has gone south in this industry - ... if it ends up going south.

BHE Announcement August 21: Berkshire Hataway Energy Agreement to Acquire Oncor Terminated. I'm not sure how to understand this. - - - o 0 o - - - Edit: My immediate interpretation : Berkshire & BHE walked away, closing the door, as stated earlier it would do.