John Hjorth

It would look great on a business card : business card English [UK] version [small print, below name, next to "CEO" <or whatever>, "football club owner, by default", business card English [US] version [small print, below name, next to "CEO" <or whatever>, "soccer club owner, by default". [J/K] ¿Eh?

And so much for getting over Romana King at Money, who has to make her own choises of tools for article generation and sources. An embarrasing discrace.

To me, there isen't anywhere near sufficient public available data and facts to say something fact- and databased about Ted and Todds results. So why even try to guess them on that basis, to have an opinion about them [<- the results]. It's to me more a feature than a bug. Mr. Buffett has for many years now had the attitude towards to practice what in his own mind should be disclosed to investors and shareholders, as long as it's going on inside the borders af being legal in accordance with existing rules and regulation. Here, why not give Ted and Todd the rights and advantages of operating below the radar in the first place, where there are no specific requirements for public records of these results separately.

I added a tiny bit to DANSKE.CPH today.

Actually a totally wild story, almost beyond imagination. After an endless amount work and transactions during now 59 years, this piece of crap is by now rank #8 on the list of world's most valuable companies. Somehow I always end up thinking in visualizations about this dog comes to think Garfield The Cat's doggo friend Odie chasing cars, remembering a cartoon, where Odie actually catches the rear bumper on a car, stopping, and thinking "What to do now? [Odie at the end of the carton seen siting on his butt in a thoughtfull moment, - the bumper in his mouth looking like some kind of oversize moustache beard, thinking : "Should this be fun?" - The answer is "Yes".

A bit more BALD B.STO.

Ordered this book this evening. I simply need to understand more about what's going on in this market of olive oil. - - - o 0 o - - - Recently, life hasen't been as great for me, as it used to be. So, I have developed a habit of beeing increasingly and extremely nice towards myself. So far, I have developed a casual habit of spoiling my self now and then [read : Every afternoon, or every evening], to serve myself a dish with : 1. A glass of wine rosé, 2. In a separate small tiny bowl : a. Some Brie Cheese, chopped in not too big blocks, b. A couple of cloves of fresh peeled garlic, 3. And to that, in another tiny bowl : a. Some high quality Olive Oil, about 5 tea spoons. I have been thinking of adding some fresh olives from a glass to this composition, and asked by e-mail our housholds olive oil vendor about the matter, and he actually asked for a call back this evening, where both the Lady of the House and I talked with him about both olives in glasses and olive oil in general. We got no real tangible recommendations for olives in glasses, but I got a recommendation for a book describing the oilve oil market as it was some years ago [, I suppose nothing is changed to the better]. - - - o 0 o - - - - Noone of us really and actually know what we are using in our households for food preparation with regard to olive oil. - - - o 0 o - - - I was recommended to read this book : Amazon : Tom Mueller : Extra Virginity: The Sublime and Scandalous World of Olive Oil. [Personally, I have today ordered the book at www.saxo.com, which I as Dane prefer, - when possible -, to avoid the hazzle with overseas customs etc.]

Thank you for digging these documents up, @gfp, I consider Charlie Mungers thoughts about "passing on [what you haven't created yourself[-ves]]" highly interesting, from a generational planning / philosofical / practical purposes perspective. No matter what, the last shirt is without pockets. I will spend some time tomorrow reading this stuff and think about it.

Both of them, @Paarslaars!

@Eldad, This topic was started December 18th 2013, when CoBF was running on a Simple Machines software platform. A few years ago, a conversion to the Invision software platform took place. I speculate this poll [the poll related to this topic] - and a lot of other polls - for all of us - unfortunately went south in that conversion, so this is a condition we can only circumvent by starting up a new topic about it with a [new] poll.

I've tried today to look around a bit for this book, inspired by what has been posted recently here on CoBF about charty activities and Charlie Mungers will, where Andrew Carnegie was a major philantropist. I ended up being severely confused, because I could find so many editions of the book, that I wasen't able to distinguish them from each other. I do not recall having had similar experience earlier with any book since my start of investing. And the price spread I experienced today of what I see as first hand books was huge. Any help, - if any available - is very much appreciated.

Reading up on this topic by reading it up backwards. Then met this sentence by @Viking again. It was like if I was hit by a club over the head. The shortest great advice about how to live your own life in way so that by giving it attention now and then gets and adds some kind of structure with regard to those aspects that are important to you personally of life, and if you are a family member, to your spouse / partner, and to your kids, if you have any. Things in life may not turn out as originally thought and intended, so you may end up a place not expected. In that case, recalibrate course and direction, but never loose course and direction.

Thank you to @yesman182 for elaborating, and thank you to @gfp for elaborating on the reply side. Personally, I consider this topic to be about the omitted position[s] [It could actually be more than one] in Berskhires latest 13F-HR, filed at SEC February 14th 2024, containing this message [in blue font] :

@yesman182, Where and when? - What do you mean?

Yeah, Wow, indeed, Monday I'll make sure to get appointments, to get checked, that : I'm not in need of new glasses for my hearing, & that I'm not in need of new hearing aids for my vision.

He must have had the Pope on the phone, who may want to sell. Next : The Vatican City.

Can you see the twinkle in the eyes of Mr. Buffett? He is as fresh as a sea eagle in a headwind - and that at the age 93! I sincerely hope his voice does not let him down under whole session. - And then, right now it's like his speeding up, after - slowly - warming up!

The CNBC page streaming the AGM is now on a countdown.

When I wrote here on CoBF about the Swedish Real Estate Crisis evolving last year, I felt confident both CAST and BALD already then were in deep trouble with regard to their financings looking forward. It seems both companies so far have steared clear of troubled and unsuccessful refinancings, triggering forced and uncontrolled massive assets sales, however it's not over yet. The effort here for my part is over time to build a modest basket of a portfolio of Scandinavian listed real estate companies with a low entry point, for the purpose of holding it for the long term.

Right now, @Spooky, I really can't come up with a central and gathering place as a goog place to read and study where and what NICO is in the total Berkshire over time and today. It's almost as a shadow and very private holding company that is likely the most important subsidiary of the public and listed holding company Berkshire Hathaway. In my early years I did spend enormous amounts of time studying all kinds of Berskhire-related stuff, all while also building the position, and NICO did pop up basically all over the place.

Started with small positions today in : BALB B.STO [Fastighetsbolaget Balder AB, ser. B, Göteborg, Sweden], & CAST.STO [Castellum AB, Stockholm, Sweden]. I may change my mind about them and sell them at any moment, thereby considering the buys of them errors.

It's a good one, @gfp, Or, 1. - like in posts above, where a dividend from Bershire is desparately needed for the shareholders, because Berskhire is underperforming, and the large positions in the portfolio desparately needs to be sold [AAPL, BAC, AXP, KO], while some seem to forget those positions are indeed financed by insurance float and also partly by basically massive, free and deferred taxes on giant unrealized capital gains. Talk of dividends of perhaps USD 250B or USD 100 B, while the insurance group as a whole at YE2023 has a max. dividend capacity of USD 31 B, and holding company cash and T-Bills at YE2023 is USD 22 B. Typically suggested by people who trade around quite a lot, and never tell anything about their own track record. 2. - 'Breaking' the whole thing 'up' by splitting it to atoms, to 'get the real values to surface', [likely by the use a particle accelerator at CERN to put the company in or something like that?]. Typically suggested by people who aren't aware of the central role of NICO in the group structure and all the implications of that and no understanding of the inner workings of insurance float.

@ValueArb, You appear to disregard or forget, that large parts of the stock portfolio is owned inside the insurance part of Berkshre, that the insurance group is subject to regulation on it's capital levels, thereby introcing dividend restrictions. I'm not even sure a dividend of USD 250 B or USD 100 B is possible / feasible.

We will - our memories will - sort this garbage out, suppress, compress and delete this part of a nice day. True and cardholding Berkaholics have proper countermeasures installed in case of such events. - - - o 0 o - - - Especially for those of you who have chosen to attend physically, I wish you an awesome time in Omaha!

All those F-16 fighters donated last last year to Ukraine by several allies, where the heck are they, and what are they doing? - Accumulating dust somewhere in a hangar?