John Hjorth

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.

Added a bit again today to SCHO.CPH, but not much.

Sempra Energy Aquisition of Oncor Announcement. Please note - as I understand things - the deal structure appears to be different than the Berkshire bid, and there is no prior consent or approval from regulators etc - at least it appears so. Somehow, we still need to know what happened about the court ruling today.

WSJ: Sempra Energy Reaches Deal to Aquire Oncor.

Extract from Aquisition criteria, Berkshire Annual Report 1995: Extract from Aquisition criteria, Berkshire Annual Report 2016:

Thank you for sharing this, longinvestor. +1 ..It's a bluff to try and squeeze Berkshire to pony up a bit more. Given that this has been playing out for four years already, time is not on Elliott's side. Oncor has already come out saying that should this deal fall through, any future offers from Berkshire would likely be for less than this time. Who knows, Buffett may relent and pony up a nickel more as an act of good faith, and can say "They wrung out the last nickel from us" and Elliott goes away happy(not). I don't think that BRK ponies up anything more. This is not just about value it's about setting precedent. BRK would rather walk away than pay more because if they pay more they'll have a bunch of Elliott types trying to vulch on all they're future deals. The nickel thing was for Mid-American and that was a transformative acquisition for BRK and I bet they really wanted it. Oncor is no such thing.... so not even a nickel. After thinking about this carefully, in perspective of Berkshire's future deals and the way Berkshire in general is doing its deals, I agree with it in full, and I also consider it very important. - - - o 0 o - - - So, an Oncor deal monday, or no Oncor deal at all. Thank you all.