John Hjorth
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Posts posted by John Hjorth
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Thank you for sharing, Castanza,
It's indeed important information.
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In a way - in some dimensions - she was the diametrical opposite of her younger brother, but still a basically good person.
"Retail philanthropist" here comes to mind. Imagine going through many letters every day from people in need, to reach an individual decision.
RIP.
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Old people are like leftovers. They require constant refrigeration so as to not spoil. ;D
Castanza,
It's actually great input! [ : - D] -We really need that in this topic, because of the existing ongoing hostility among members in this topic [, despite the content of this topic is actually gold, if one filters it].
-Please forget here about me and my needs for cooling ... - I'm almost the same age as Mike [boilermaker].
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Heat waves tend to cause excess death for older people in Europe ( and other risk factors that tend to overlap with CoVID-19 risk factors too ) because man homes don’t have air conditioning causing heat stress for people.
The rest of Europe has a heat wave too and it probably kills more people than CoVID-19 right now. Germany right now has an awful heat waves that has been going on for weeks.
I think what Spekulatius posted here is true, with regard to Europe.
It will eventually change over time, I think [about air condition in homes]. I'm working on it for my own household. I think some threshold got broken here back in 2016 [i simply got enough of the heat in June 2016].
I have been told that persons of high age simply gradually "shut down", loosing their feeling of thirst and hunger. It creates a mess when we have heat waves.
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Dr. Fauci saying he's getting death threats, his daughters getting harassed, had to get security..
https://twitter.com/therecount/status/1291063550748893187?s=20
In that respect, USA isn't that much different from the rest of the world. [sorry to say - lunatics around just about everywhere, as of now & always] In a way, it comes with the paycheck.
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@BG, once COVID is done and we're out of Hurricane season. February is my target as King Mackerel fishing on the Gulf really heats up. Its only a 3/2 but there'd probably only be a half dozen folks here anyway as most are turned off by my frivolous engagement with the politics. Win/win for the thick skin! ...
[ ; - D ]
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Honestly, I think Buffett's successor will have a difficult time of it unless (a) the company can be broken up and/or (b) a dividend can be put in place. Berkshire has become so large and unwieldy that I struggle to see it outperforming the S&P 500 with a mere mortal making the capital allocation decisions. It needs to be cut down to a more reasonable size.
2) Berkshire's AAPL position is now valued at over $100 billion. How is everyone thinking about this position in the context of valuing Berkshire?
Please elaborate.
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The latest WHO Sit Report looks absolutely terrible.
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New Peter Lynch compilation [not an essay though, ref. the CoBF topic title ...] in the works from Joel here.
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... ): ...
Thank you for today's neck exercise to the right!, Dalal.Holdings, [-And now a neck exercise to the left : [ ; - D]]
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Holding stocks - even forever stocks like AAPL - in taxable accounts sucks.
But then I tax-efficient trimmed AAPL something like 20+% lower. So maybe the right thing is not to trim... ::)
It all depends [ : - ) ] [on the local tax system].
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Everyone in a strip club is probably already running a low grade fever anyways
Castanza,
You are a naughty boy! [ ; - D ][Actually, you remind me a bit about myself ...]
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Buffett's greatest legacy is about how to live ones life to the fullest. How to not let money go into your head, change your traits, habits, virtues etc.
He was able to keep a healthy distance to money and not let it rule his life.
When Gandhi was asked, what is your message? he replied "My life is my message". The same thing probably applies to Buffett too.
Dude, he didn't let it rule his life? His wife left him and his kids talked about how distant he was growing up.
I'm going to agree with Stahleyp here. If you read Snowball, it is very obvious that Buffet is a subpar father. Then there's the tidbit about how he would invite people to come visit and stay with him. When people show up with their family from out of town, he wouldn't spend anytime with him. He loves showing up his intellect, especially to females. Alice talks about how his wife got jealous because he was showing off his intellect on the private jet. Buffet was a klepto in his late teens. I think one of his sons had a bit of klepto streak during his teens. Peter Buffet gives talks about growing up a Buffet. I think he really always want to carve out his own niche for his own work and not that he's Warren Buffet's son.
Bill Brewster has talked about this quite a bit on Toby's podcast.
BG2008,
Can't we let this go? I, for one is a person, that'll never finish reading the "Snowball" through [from start to finish.] [i suppose I never will]. In short, Mr. Buffett is [after all] a male human being - not some kind of [male] saint -, with all the implications related to that.
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Father’s Day and Memorial Day.... I wonder what happened in late May and early June that could have been a catalyst for the increase??Mind boggling, to say the least. I speculate Dustin Kruger & David Dunning are on the think bench for a design of an empirical test, for a part two, Corona-related.
Edit:
Not in any way meant as a snide comment towards James!
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I'm sorry to tell you this. But even if the 24% number is correct, that is way, way short of even heard protection let alone heard immunity.
I agree with rb.
Furthermore, Investor20 posted a link to an empirical study, where antibodies appeared to fade away within about a few months.
The head of the Swedish Health Authority, Mr. Tegnell, yesterday publicly expressed concerns & second thoughts about the Swedish pandemic strategy, btw. [Ref. the Swedish situation has been touched recently in this topic.]
Personally, I'm very happy today, that my ticket in the ovarial lottery turned out to be Danish.
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In short : Don't challenge your own fate by trying to mess around with this sucker. [Also, I think that this is what Greg all the time has been expressing in his posts.]
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Can you get us a chart of daily death/daily new cases?
Why? ...
... You can only try to hide from reality for so long...
Honestly, to me a pretty mind boggling thought exchange here on CoBF. [i want data!, m0re & m00re data! - It doesn't in that context matter what I've already got!]
It's all about reading the script [already written! - so far!] on the Wall! [to move on, to "take it from here", to adopt, adapt & improve!]
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Income taxes paid by Berkshire Hathaway [the parent] during the last nine years :
2019 : USD 3.531 B [1]
2018 : USD 2.790 B [1]
2017 : USD 2.076 B [1]
2016 : USD 3.583 B [2]
2015 : USD 3.180 B [2]
2014 : USD 2.512 B [2]
2013 : USD 4.080 B [3]
2012 : USD 3.406 B [3]
2011 : USD 1.882 B [3]
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Sources :
[1] : Berkshire 2019 Annual Report , p. K-115,
[2] : Berkshire 2016 10-K, p. 113, &
[3] : Berkshire 2013 10-K, p. 109.
Berkshire Hathaway Hold. Co. costs :
2019 : USD 0.122 B [1]
2018 : USD 0.216 B [1]
2017 : USD 0.159 B [1]
2016 : USD 0.080 B [2]
2015 : USD 0.073 B [2]
2014 : USD -0.001 B [2] [<- ? [ 0_0]]
2013 : USD 0.094 B [3]
2012 : USD 0.133 B [3]
2011 : USD 0.196 B [3]
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Sources :
[1] : Berkshire 2019 Annual Report , p. K-114,
[2] : Berkshire 2016 10-K, p. 112, &
[3] : Berkshire 2013 10-K, p. 108.
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... Holding low turnover equities through an insurance company that retains all earnings can be much more tax efficient than holding directly in a taxable account, particularly for high income blue staters. ...
Here we go! [Non-US [residents & tax payers] left aside [My family and I are in that turf].]
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lol!
[i actually knew in advance, that exactly a [neutral] link from gfp would be the outcome of this discussion! [ : - D ]].
-Thank you, gfp.
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Edit :
Talk to me about being in control of your sh!te!
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... Also I believe insurance companies do pay lower rates on dividends; I have read this in the past but can’t find a source now. ...
+1 - I tried the exact same exercise today before posting my last post! - By my recollection, it was a Berkshire Press Release, issued with Mr. Hamburg as the sole signatory [, however I couldn't find it today - I will eventually dig it up and post a link to it here].
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It's all about "tax drag" & Hold Co. costs.
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Income taxes paid by Berkshire Hathaway [the parent] during the last nine years :
2019 : USD 3.531 B [1]
2018 : USD 2.790 B [1]
2017 : USD 2.076 B [1]
2016 : USD 3.583 B [2]
2015 : USD 3.180 B [2]
2014 : USD 2.512 B [2]
2013 : USD 4.080 B [3]
2012 : USD 3.406 B [3]
2011 : USD 1.882 B [3]
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Sources :
[1] : Berkshire 2019 Annual Report , p. K-115,
[2] : Berkshire 2016 10-K, p. 113, &
[3] : Berkshire 2013 10-K, p. 109.
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You are getting double taxed. First the company has to pay taxes on earnings and then Berkshire has to pay taxes on dividends and on capital gains vs. only taxes on earnings for Berkshire subs.
Max,
Where do you see these taxes? [At least since '67]?
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Why is there shouting in the topic title? [it's to me soo frigging annoying].- Please edit.
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aryadhana,
A very belated welcome to you here on CoBF! [ : - ) ] [Our paths here on CoBF haven't crossed, until now ...]
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What do you mean by : "... It seems remarkably tax inefficient to hold equities that don't serve any operating purpose ..."?
Buffett/Berkshire - general news
in Berkshire Hathaway
Posted
We'll know for sure tomorrow [at some time, depending where you are], right?