John Hjorth

The book/brick just arrived here at 03:45 pm. That was fast, thinking about it got shipped from the US. ETA was 6th May or so. The UPS guy gave it to me with both hands, I received it with one hand - and I almost dropped the package, because of the weight! lol! This damn thing will for sure keep me away from more stupid trades for some time! Ohh, and I forgot to tell the Ruler of the House about my new aqusition... She's downtown shopping right now - actually perfect timing by randomness - ... if she has spent some money!

Very weird to read this topic - somehow, No matter how you model this [Excel or I do not know what],basically it all depends on what you do retire. I can't imagine anyone on this board disagreeing with me on this. It all comes back to - investing - again! - Old or not!

Why else?

Uccmal, Good to have you back posting - I have missed your posts recently, holding me in check. Have you considered, to which degree your original post in this topic is based on your own actual leverage?

Personally, I love when fellow board members are bragging about their realized profits. It's almost - only almost - as good as realized profits of your own!

You have done extremely well on this play, writser. Not the time to look back. Edit: That's actually a return of your cash allocated to this deal - from what you have posted here - of 55,591 per cent per year ex fees. To comparison, I made 299 per cent in two weeks and a day on my INVE A.STO trade ex fees.

Sold a lot of INVE A.STO today at SEK 400, rolling the position back to full long term position.

Sold a lot of INVE A.STO today at SEK 400, rolling the position back to full long term position - some client at ABN AMRO has been buying like crazy today. 5.9 percent gain in 15 days. No more fooling around - now back to investing.

Exactly, but anyway not. By that , I suppose, that you measure your day-today return is measured for you in USD by your broker. Yes. I haven't looked at what currencies did. Actually lot today, Jurgis. - All those moving wheels!

Exactly, but anyway not. By that , I suppose, that you measure your day-today return is measured for you in USD by your broker.

Exactly two weeks ago I posted on this board: It was a "reporting bet" - exactly 2 weeks ago - nothing expected to be changed - except reporting. What has happened? : INVE A has moved from SEK 177.90 to SEK 196.90, within exatly two weeks - that's a 183,47 percent gain - on annual basis - within two weeks. What have I done?: Absolutely nothing. Here is what I could have done, beside nothing: a. Put a sales order in the market, instead of keeping my nose at the monitor for several days. b. Ask the Lady of the House out for lunch, instead of keeping my nose at the monitor the whole day today, c. Ask the Lady of the House out for dinner, in stead of keeping my nose at the monitor the wole day today. What happened at Nasdaq OMX Sweden closing today?: I got hit by hubris - The Boris syndrome. After that, I checked out the US market - SAN was up closer to 7 per cent than 6 per cent [A larger position than INVE A]... - - - o 0 o - - - Time to get back to investing ...

SharperDingaan, Late reply here, but I haven't forgotten. I think your post here was - at least partially - adressed to me . - And I have vacation the coming week - please read : more time for investing work - studying and reading. About four and a half year ago I invested in the Supermajors, Statoil, Lukoil and Gazprom [material overweight to Lukoil and Gazprom] - as a basket - at that time about 18 percent of portfolio, I think. I have diversified out these positions by adding to AUM a lot - without adding to those oil stocks -, on total family level - ten times or the like. Honestly, it's nagging me - because of mediocre results so far - compared to about everything else I have done. So: Where do I start, to get this about right [all over again]? - Perhaps it is not at all for me ... Your insights, comments and directions will be much appreciated.

Sanjeev, It reads to me that the book is "built" over many years - Berkshire style - better and better for every "yearly edition" - year by year, and has evolved to a behemoth, based on the long tough haul! Now I really can't wait to get it in my hands!

scorpioncapital, I would say good, ref. 2016 10-K, p. 15. It's a huge value investing franchise over six asset classes & investment types.

lol! Thanks for the advice about how to handle and approach this brick, longinvestor! The Lady of the House will most likely shake her head again - Last time was when I bought both the English and Swedish version of the Investor AB 100 years Anniversary book. She did not understand why I really needed both versions. When I'm reading the financials of Svenska Handelsbanken AB - on/off - [244 pages], she asks me : "What's so interesting about that light blue old fashion community telephone book? - is it the Swedish verson this time, or the English?" ...

I got hit by this "I must have it" feeling and ordered it. Sometimes it costs a bit to be a Berkaholic. Thank you for your posts, Marlin & Sanjeev. I'm looking forward to the read.

DONG Energy awarded three German offshore wind projects. The two of the projects won based on zero subsidy per MW. That's a milestone. It's based on expected technology change going forward, to bigger offshore wind turbines of the size 13 - 15 MW, where the biggest ones right now as far as I know are from MHI Vestas at 9 MW. I have actually looked closer at DONG Energy A/S as investment recently. I'm a CPA, but I don't understand their financials - I simply can't read them [<-!].

Added a bit to BRK.B today.

Jurgis, I just hope that the extra proceeds from the enormous Berkshire position in WFC ends up in something that has the capacity to suffer - something antifragile ... not airlines! - Time will tell.

Berkshire starts selling WFC shares, to keep position on 10 per cent, or just below. Edit: What's next with regard to Berkshire and bank stocks long term? Building a position in JPM? Or a merger between WFC and JPM? If this continues long term, Berkshire will own about 10 per cent of the whole US banking system, without even being a bank holding company - I'm just speculating and kidding here.

Dirt from Bloomberg: Ex Lone Star Funds Executive Loses 225 Million Divorce Appeal. Somehow hilarious, despite I'm not mean. It's not about the loss of the 225 M, more about getting a court ruling stating that your're not genious under such circumstances. Talk about litigation risk here. Certainly understandable that Mr. Work is not smiling on the photo.

Wkipedia: Libor Scandal. It was about fraudulent reporting while knowing the reporting was for the purpose of setting an interest rate benchmark. Certainly interesting, if Bank of England now gets dragged into this.

I certainly agree with longinvestor here, with regard to BV anchoring. I still don't fully get your reasoning, SlowAppreciation. I will - like longinvestor - just await the write up. I bought a bit more today, by the way.

Added a bit to BRK.B today.

notorious546, cubsfan is referring to, that Mr. Combs worked for a time as a Florida bank regulator after graduating from Columbia.