John Hjorth
-
Posts
4,883 -
Joined
-
Last visited
-
Days Won
14
Content Type
Profiles
Forums
Events
Posts posted by John Hjorth
-
-
Amazing speech by Vladimir Putin on Danish TV, started today at 10:00 AM my local time, with simultaneous translation from Russian language.
A wild experience. The persecuted innocent.
And what to think about all all those promises to the Russian citizens - I think he only forgot to promise more tailwinds to all on Russian bicycle paths.
-
Quote
... He says the bear rally that begin in October from reasonable prices has turned into a speculative frenzy based on a FED pause/pivot that isnt coming. ...
Honestly, why is is it even relevant to quote something like this here on CoBF, where you can take as a given assumption that the individual members actually know what sh1te [<- @SharperDingaan phrasing!] they own.
Mentioned here ref. @Gregmals post above. Bring it here only if it's also your personal position on the topic at hand , and you're willing to defend it under discussion.
-
1 hour ago, DooDiligence said:
Berkshire nerds
Agreed, Jeff [ @DooDiligence ],
I prefer calling it berkaholics. USD 206 M or USD 211 M, whatever, it's some serious money.
-
-
3 minutes ago, Gregmal said:
... Not an accountant by trade and after running into contribution limits a couple times early on was just like fuck this shit.
I'm not trying here to be mean or anything else, but I have to say the above actually reads funny to an accountant!
-
16 hours ago, gfp said:
It's kind of funny - Warren kept Allegheny's 333,856 AAPL shares and sold every single other equity in their portfolio. "Don't sell the Apple"
This was the Alleghany equity portfolio directly pre-merger
Yes, @gfp,
Only position overlap appears to have been AAPL, V and Berkshire it self, - 170,800 B-shares. Likely those B-shares may have been considered bought back.
-
Sanjeev [ @Parsad],
Perhaps, We may need a Macro Forum here on CoBF [, similar to Investing and Politics], too, for folks who think they may get rich [fast or slow] dealing with that matter a lot, to sort out the macro stuff and discussions related that.
I think it's fair to say, some discussions are getting tiresome here.
-
16 minutes ago, Jaygo said:
... The same thing that brought me to apple and all the other stuff is peter lynch style owning what you know. Perhaps this combined with some rules for self control would be a wonderful combination for the small guy like myself. ...
Please forget the past for triggering grievance and annoyance. It's counterproductive activity [except for non-emotional educational purposes], because none of us - including you - can't change the past.
If you really feel a bit lost in your investing endeavour as of now, make the decision to look at it from here forward bound.
I also think the various concepts covered in the following book could be tremendous help and support for you going forward: Morgan Housel : The Psychology of Money . [Many of the concepts covered in the book are embedded and ingrained in @dealrakers varius posts here on CoBF, as I see things.]
-
On 2/4/2023 at 12:11 PM, mattee2264 said:
The next decade probably isn't going to be that great for stock investors. ...
To who is this message of yours directed, and to who does it matter?
-We all just need to make specific judgements/assessments about potential expected returns relative to potential assumed risks for each potential investment case.
There is always something to do, no matter the environment.
-
<No comment>.
-
Thank you for the elaboration, @Gregmal.
-
38 minutes ago, Gregmal said:
... Further, do folks really need any further evidence that new leadership has emerged? Or is everyone just staring at the lazy, easy, everyone's doing it, indexes?
What are you referring to here?
-
The German decision about the Leopard tanks are all over the place in the News Media today. I think this message from Pearson Engineering is important as well.
-
15 minutes ago, DooDiligence said:
... Kind of like a Berkshire within a Berkshire. True or false?
Jeff @DooDiligence,
To me, true.
And it is - as Mike @cubsfan states above - the reason we can - to some degree - assume real compounding for Berkshire going forward long term - compunding here meant as the opposite of linear thinking about returns -, despite Berkshire's size.
-
As I have already posted, please have me excused with regard to reaction to your posts in this topic. The exchange between you and me in this topic stops exactly now and here. Period.
-
-
32 minutes ago, Dinar said:
This is a faulty analysis. If Sweden disappears from the face of the earth, how will that impact the world's economy? If Russia stops exporting oil, gas, titanium, etc... the world will be devastated.
Russia's ability to suffer is orders of magnitude more than in the West. Europeans do not have electricity/gas, people riot. In Russia, there are a lot of villages without either.
Europe and the US is very vulnerable to asymmetric warfare - cyber attacks, attacks on electric grids, water supplies, etc... How difficult would it be for Russian special forces to destroy all transformers in say US and Western Europe? That would bring the Western world to its knees.
Instead of pontificating of how weak and irrelevant Russia is, think about our own vulnerabilities.
The best outcome for all parties, (Ukraine, Russia, the West) is an immediate peace treaty or armistice. The delay just benefits India and China.
Time is NOT on the side of Ukraine, do not delude yourselves. Russia has tremendous reserves of foreign currency, gold, etc... Do you realize that it could easily hire 300K North Korean mercenaries tomorrow?
What's your nationality? -I ask as basis for replying to you. Nothing of your post above basically makes much sense to me personally.
-
9 hours ago, Spekulatius said:
... 1) Russia’ economy is very small and does not have gravitational pull. They have nothing to offer but cheapish energy. ...
What @Spekulatius is writing here to me not only a fact, but a fact that is not covered and given weight sufficiently in the coverage and the overall picture painted of the conflict in the main steet media.
And that fact must matter a lot going forward for the outcome of this conflict.
Facts : Trading Economics - GDP by country - Europe .
Russia has a GDP comparable to less than twice the GDP of the Netherlands or about equal three times the GDP of Sweden.
Further sanctions against Russia are in the mould to be decided and implemented in February 2023 to further increase the pressure to break the spine of the Russian economy.
-
12 minutes ago, gfp said:
... I wouldn't be surprised if BYD sales proceeds ultimately fund some repurchases by BHE of the Walter Scott estate shares. ...
@gfp,
Your line of thinking here makes perfect sense to me.
-
14 minutes ago, Xerxes said:
If “unrealized gain/loss” already flows through the income statement, wouldn’t there be already be tax consequence as net income is influenced by it ?
Yes, but those taxes that are not paid related to a given year are recorded as deferred taxes. Please see Annual Report 2021, p. K-100, note (19), ref. the line : "Investments – unrealized appreciation" in the specification.
-
-
+3%.
Carried by Berkshire Hathaway+9,9% in my functional currency [DKK, Berkshire Hathaway +3,3% in USD], and Novo Nordisk [+27,6% for the year] - also both largest positions in the mentioned order.
I'm certainly not complaining, while seeing SP500 -15,5% for the year and OMX C25 -13,5%. I was expecting a meager 2022 anyway upon a wild 2021 at 40%.
-
1 hour ago, kab60 said:
... Not that anyone cares, but it'll be the last time I update my personal performance (as all my mental bandwidth as well as AUM will be focused in a fund). I started as a complete novice in 2015 and have been rather lucky throughout the years. But I've also learned a ton from helpful folks on this board as well as elsewhere, so hopefully a bit of skill has been involved as well. ...
Congrats on the returns over the years, and to me it reads as you have opened up a new shop managing money. If I haven't misunderstood your post, I wish you the best with the new endeavour of yours!
-
Reuters [ December 31th 2022] : Putin uses New Year address for wartime rallying cry to Russians .
*Shrug* Tell me about it. No mercy, sympathy, tolerance or understanding from me.
Russia-Ukrainian War
in General Discussion
Posted · Edited by John Hjorth
Obviously nothing new in that speech for those persons in your screenshot post, @Xerxes [
],
I specifically noted Alexey Miller, CEO of Gazprom PJSC, among the audience. Man, it's absolutely crazy what has happened to him and his appearance within very few years. 61 years old now and looks like something dragged in the front door by the cat.
Perhaps it's lack of sleep related to that the shares in one of the most material Gazprom subs are posted as collateral for provided European financing of parts of the ongoing build-out of the Gazprom gas network, and the cash flow from operating the existing and operational pipeline network can't service the existing debt any longer.
I haven't read as much as one piece anywhere about the above issue since the war started, by the way.