John Hjorth

Thank you for the very elaborate walk-through of the situation as you see it, Dynamic, Just for information, BAC has released its 2019Q3 10-Q on October 28th 2019, stating a total share count of 8,995,807,401 on October 25th 2019. So I suppose Berkshire is holding on to its BAC position until there is a decision if it can go above 10 percent position, or Berkshire also for BAC will become a forced seller as for WFC, until new practice for bank holding companies [likely] is applied.

Great posts by wabuffo and Cigarbutt here, -A good start for me on a louzy, dark & rainy Monday morning to read that! One could also take it to the next level, and think about the Berkshire cash as look-through cash on overall portfolio level. [similar to the line of thinking behind Dynamic's spreadsheet about the Berkshire stock portfolio.] Thinking about it that way it becomes a kind of restricted cash, because you can't decide what to do with it, but at least it's cash - and even the currency of the cash could bug you, if your functional currency isn't USD. Personally, I understand Greg's and others stance on the Berkshire cash, and I've also been very frustrated about it earlier - not so much any more. CoBF member ValueHalla has taught me to think about the Berkshire cash the look-through way. When one invest in a conglomerate with a controlling shareholder, there are always "frickles", laggards and such where the individual investor has a different opinion about capital allocation.

Pulled out all available cash in my fathers account again today. Sold a bit less than one third of my fathers position in SAN today [at a loss]. It appears the account won't stay under the set goal/max. exposure, set now more than 5 years ago. I will drag out the cash [for good], when it's available after two days, if things don't fall back again. ... Sold a bit more SAN today. Sold a bit more SAN today. Sold a bit more SAN today.

Thank you for a hilarius post, Cigarbutt! [ : - D] Personally I'm not sure goats would be a perfect fit for you to herd. Naturally they would be susceptible to your eternal patience with your surroundings, but would the goats exploit it? [ : - ) ] Furthermore, I don't think goats would respond to your expectations and standards with regard explanation and reason, semi-jerky as they are, according to rkbabang. [ : - ) ] The last sentence in your post is definitely a keeper!

I'm sure "a hungry herd of as many as 500 goats" can clear a lot of land! Yes, the story is to me fascinating, because the approach to help solve the issue at hand is so simple! -And then there is also more to tuck for the goats when they "come home" after "task accomplished"!

-More goat talk : CNN [October 31st 2019] : Fire crews, air drops and a herd of goats help save Reagan Presidential Library from wildfire.

Happy Halloween to all fellow CoBF members! [ : - ) ]

Finally! : Permit for the Nord Stream 2 project is granted by the Danish Energy Agency. This is to me good to the whole European energy system. -It does not exactly harm me by being a long Gazprom investor either. [ ; - ) ]

Please stay open-minded to change! [ : - ) ] - - - o 0 o - - - About five years ago - or so - I was very close to give up posting here on CoBF. The problem then [for me] was the WYSIWYG editor built in to the board. It has taken me a lot of effort to "understand" and "decode" the simple Machines Forum software bugs [<- There are many!] - to use high level BB Code in my postings.

Take it easy, Sanjeev is a busy person. [ ;- ) ] Edit: I've just reported my own [this] post to Sanjeev.

Personally, I would be surprised - very - to see Berkshire investing its cash this way going forward. I don't know exactly when it popped up on the Berkshire Website, but here it is : Sustainability - likely for starters.

Ohh come-on, rkbabang, Nowadays, even WFC has a CEO [as for any decent US bank with just any part left of self-esteem] [ ; - ) ]

Thanks, Greg.

OK, Greg. Each to their own way. Personally, I'm investing for the long term, where the underlying earnings and cash flow generates the future earnings and capital allocation opportunities. So you're long TSLA? (kidding) Greg, What is it with you? -Please tell us something about what you're really up to .. - instead of all those [now hundreds of posts here on CoBF] about your <100 bps trades. - Please post your thoughts in the relevant investment ideas topics. -Personally, I don't see your posts there . [And please give me a break with regard to crypto.]

OK, Greg. Each to their own way. Personally, I'm investing for the long term, where the underlying earnings and cash flow generates the future earnings and capital allocation opportunities.

Great investment thesis, Greg. [And from here, please don't expect me to participate in this topic.]

Oh, please give me a break.

Pulled out all available cash in my fathers account again today. Sold a bit less than one third of my fathers position in SAN today [at a loss]. It appears the account won't stay under the set goal/max. exposure, set now more than 5 years ago. I will drag out the cash [for good], when it's available after two days, if things don't fall back again. ... Sold a bit more SAN today. Sold a bit more SAN today.

Thank you for sharing, Tilman, I'm actually listening to it right here before lunch. To me, it's great!

Tweet by "The other Donald" [Donald Tusk] at 11:00 PM Saturday. It seems like "BoJo" [<- [ : - D ]] is doing overtime on a Saturday to be able to call in sick on Monday, ref. wachtwoord! [i'm sorry, I couldn't help it here ... - The whole thing is actually starting to crack me up!]

From my limited understanding of physics, all kind of energy production & -consumption basically eventually ends up as kinetic energy in molecules, which equals heating. The sun is delivering energy by the mean of embedded energy in photons every day to the earth, and then there is added released energy from energy sources by human activity. So it's perhaps not only about pollution [non-desired side effects of human activity related to production and consumption of energy], but more like the whole energy equation for the planet?

Cigarbutt, Thank you for reminding me about the Montreal Protocol, ref. your post #46. I had totally forgotten about that. [Whoa, - hot topic! [ : - ) ]]

Lack of or weak ability to predict future climate change in existing models for climate change aren't making the issue at hand [man made climate change, not just climate change] existent or not. You have to make a risk assessment on the matter at hand, because we have only one Earth. The risk connected to climate change is like going all in on one stock on margin, and then getting it wrong, albeit if you screw up with debt, you perhaps have the option to get debt relief by some legal procedure. For climate change there is no "Undo" button like in MS Word or MS Excel. There is an element of potential moral hazard to the issue also, because those who are in risk for being the subjects & victims of getting this wrong are the future generations of the human species. A bit like getting exactly that extra kid, that you actually knew that you would not be able to satisfactory provide for, impacting in a negative way not only the childhood for that child, but also for the elder siblings of that child, your spouse and yourself. Nassim Taleb et. al. : Climate models and precautionary measures. &

wabuffo, I think this should be measured on a relative [position size in percentage] basis. The Wedgewood LPs have withdrawn substantial capital over a period, ref. what longinvestor and I have posted earlier in this topic. I have made no calculations on it though, and I don't intend to.

Writser is being "nasty" here, in a a constructive way. It is about the "real" truth. It is about loosing confidence, based on languishing, geriatrical based, fading of capabilities. Taboo, and hard to discuss. Doubt and distrust eventually towards the Berkshire board also. Very hard to discuss. [ : - ) ]