John Hjorth
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Posts posted by John Hjorth
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Welcome to CoBF, WFF! [ : - ) ]
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On 9/10/2021 at 4:04 PM, Castanza said:
"... Not an easy or simple situation and honestly I don't think there is a fix. ..."
Castanza,
I have never in my life experienced an issue for which there hasen't been a feasible fix available. The concept of the "non-existense of a fix" is a political mirage, very well promoted, over and over again, here, there and everywhere. Everything can be fixed in a society. It's all about will and capacity to suffer.
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Hi Greg,
Thank you for the elaboration, and congratulations! Your explanation about the doggies really called for a big smile! Yeah, the last 18 months or so have been eventful for us all, haven't they?
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Hi Greg,
Thank you for sharing your post with a photo from what appears to be a very nice & lovely place. House warming or what?
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Please continue nitpicking with regard to buybacks. Thank you.
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On 8/30/2021 at 10:18 PM, John Hjorth said:
Thank you for sharing, @nwoodman .
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The topic here should be split. A part of it should go to the Politics Forum, another part of it should go to the Personal Finance Forum.
Stop whining, [or post on the Politics Board].
Instead, you could in the Personal Finance Forum post & share your findings, and how you have approached this issue [It should be by country, naturally].
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2 hours ago, longterminvestor said:
Why buy bonds? Berkshire does not buy bonds for cash flow, they buy for store of value. and interest rates can only go up which means the price of the bond goes down. Agree, doesnt make any sense.
Agreed, longterminvestor,
Over the last years, we've seen [almost relentlessly] posting from @Cigarbutt , indicating the "real bond portfolio" [understood as "non cash or cash equivilatents" is about USD 20 B - over time.
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Jeff,
It's not totally intellectually honest to post a link to an interview with Mr. Munger in a Fairfax topic here on CoBF, for obvious reasons.
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14 hours ago, adesigar said:
Lubrizol was a bad purchase for BRK.
adesigar,
How can we even be sure this is the situation, based on the "black box" reporting - now for years - for the big wholly owned manufactoring companies in Berkshire's belly?
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It's all during the quarter sexual intercourse with insects.
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17 hours ago, Xerxes said:
IIRC
Repurchase of shares (when above BV) will push down the BVPS
Repurchase of shares (when below BV) will push up the BVPS
Of course, repurchase of shares above or below intrinsic value has no bearing on the accounting.
Xerxes,
YDRC, thank you.
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Greg,
I think this topic does not belong in the "General discussion" forum here on CoBF. It's macro-related, perhaps also political-related. [Enough said.]
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I just have to give gfp a +1 here.
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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".
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I'm not going to share here on CoBF what's going on in my mind.
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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.
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3 hours ago, TREVNI said:
Which just goes to show how Berkshire has cracked the code in terms of motivating individuals to work. Weschler has won life many times over. He could be sitting on a beach having someone wait on him hand and foot for the rest of his life. Instead he chooses to read 12+ hours a day for the benefit of BRK shareholders. I count myself very lucky to have him working for us.
I actually coulden't agree more. Here is Mr. Weschlers response to ProPublica.
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On 6/25/2021 at 7:07 PM, villainx said:
Did old site use to number posts, so it could be referred back to? ...
It did, villainx,
Just use "targeted/focused quotes" [ref. above], and we'll do well. [Perhaps Sanjeev can do something about it also.]
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Where does one sign up for e-mails from Whitney Tilson? [Well, right now, I have 131,015 of such [in the meaning: Unread!]].
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Fitz,
-What do you actually read? - I want to discuss!
China's Real Estate Bubble Finally Cracking?
in General Discussion
Posted
Here is another tweet about Evergrande from a Twitter user called Ming Zhao. To me, it reads just ..."juicy".