John Hjorth

The topic title contains the word "herd" [, also known as the "crowd"]. The question remains open for me: "Who am I?" [Understood as : Part of the "herd", or not?] Up YTD ~31% [gross, with withheld dividend taxes added back] today. I can't really move the butt of my family [in total "the gang"][and the butt of my own] around any longer without incurring a capital gain tax of 42% for "socalled" taxable accounts. For tax deferred accounts it's even "better" here in Denmark: Pay a 15.3 procent tax [mind you, it´s called the PAL-tax!] on realized & UNREALIZED capital gains. I'm not a macro guy. Based on that, I'm personally seriously considering offloading every bank stock held in tax deferred accounts by any member of the "gang".

[July 7th 2021] Bill & Melinda Gates Foundation CEO Mark Suzman Announces Initial Plans to Evolve Governance as Bill Gates and Melinda French Gates Commit $15 Billion in New Resources to Deepen and Accelerate the Foundation’s Efforts to Address Inequity I'm not going to share here on CoBF what's going on in my mind.

@fareastwarriors, Enjoy!, & Happy Independence Day weekend to you, too!

Mr. Munger does not give a damn about what you & I think about his statements in the interview. [It's called integrity!] -I'll leave my own thoughts here undisclosed.

@gfp & @TREVNI, I actually coulden't agree more. Here is Mr. Weschlers response to ProPublica.

It did, villainx, Just use "targeted/focused quotes" [ref. above], and we'll do well. [Perhaps Sanjeev can do something about it also.]

Where does one sign up for e-mails from Whitney Tilson? [Well, right now, I have 131,015 of such [in the meaning: Unread!]].

Fitz, -What do you actually read? - I want to discuss!

The original message from Mr. Buffett mentioned by @alpha in the post above can be found here . Reading it is to me worth our time.

Jeff, Ha! - Exactly this! [One will never know in advance - Just get used to it!]

thepupil, Great post! - & thank you for sharing your thoughts.

Thank you for making my day, Xerxes!

Thank you for sharing, @TREVNI There is really no way here on CoBF to express the gratitude I posses for sharing your work on Berkshire Hathaway with others. Simply put: An absolutely awesome performance! - based on persistence [stubbornness [<- ? [ : - )] ], "never yield", "never give up" et. al.]. - - - o 0 o - - - Again, thank you.

Thank you for sharing, @LearningMachine, Indeed, the basic question to ask is not what FED will do [subject to : We're in an inflation environment right now], but if we're in an inflationary environment, or not. Examples : Timber prices going beserk [covered by investment ideas actively discussed here on CoBF recently], & Steel prices going beserk [not covered here on CoBF?]. - - - o 0 o - - - Pretty amazing to look at things right now, shying away & doing nothing, aware of being out of my own circle competence! - - - o 0 o - - - How will all this play out going forward? -Personally, I've no idea [about future inflation, or not].

Thank you for sharing, dcollon, -Fun on a Friday! [ : - D ]

Thank you for sharing, Xerxes, However, useless & clear hindsight bias. Nobody knew back then - except perhaps Mr. Buffett & Mr. Hamburg [on overall level, & gradually over time] - how the liquidity needs of the Berkshire subsidiaries evolved over time, at that time.

I seldom participate in macro topics here on CoBF, so please take this post as it is. To me, the topic title in this topic is somehow void, because there is an underlying, more basic, issue at hand. Aswath Damodaran [May 24th 2021]: Musings on Markets : Inflation and Investing: False Alarm or Fair Warning?

Thank you for sharing, Xerxes, I just ordered : David F. Swensen : Unconventional success, & David F. Swensen : Pioneering Portfolio Management at saxo.com .

Thank you, Mike, I've read several places over the years, that Mr. Swensen was very successful in his work for Yale. RIP.

Mike, Do we have this book in CoBF Books forum? - I do not recall seeing it there.

Jeff, What do you think this really is? Hey, I'm not a US citizen, so what do I know. Here in the Northern Europe, I've heard about termination of policies for reckles car drivers and motorcycle riders [typically youngsters], but this about a homeowners policy.

Xerxes, I've been long BAM since the old format BAM website [and the quarterly reports] showed BAM AUM 130 B. [<- That is actually some time ago!] Never, ever sold one share, no matter what. Perhaps I should have the inner parts of my head examined meticously.

Added further to BAM today. [I'm now "maxed out" [in the sense of being basically fully invested, without any use of any kind af leverage, except deferred taxes on taxable accounts]].

Added to BAM last week, and added to BAM & SCHO.CPH today.

Personally, I have to admit, that this migration from Simple Machines Forums to Invision Boards has been a personal challenge to me, too. To be totally honest, just after the migration, I considered myself here on CoBF deaf, blind & mute, combined with a good deal of directional confusion! [, absolutely without any capabilities to "handle"/"maneuver" the new board like the former board software platform]. - - - o 0 o - - - Here, I'm not suggesting, that the posts in this topic are without merit [actually, to me, many of them are]. The posts in this topic tells everything about what this is about : Simple Machine Forums has its roots in a time, when tablets and smartphones did not exist. But what I'm quite sure of is, that we are now past "the point of no return" [to the old board platform, ref. the topic title chosen by Greg in this topic]. The point of no return was de facto when Sanjeev decided to put the new software platform into production environment. Personally, I speculate many challenges using the new board platform can be solved by communication among CoBF members [like we - as a community - do every day - investment related], using the recipe : "There are no dumb questions, - only condecending answers".