John Hjorth

I'm still chewing on it. I find @73 Redss post above really thought provoking good food for thought, and I can certainly see what's on @73 Reds's mind here. I really like @CassiusKing1 s post, too. It's a gargantuan task to take on for Greg Abel. Errors of omission and commission in size two digit USD may continue to happen now and then. Here, I'm taking the freedom to ask the question :'Am I the the only person here on CofB&F sensing deep felt concerns between the lines from Mr. Buffett about what is going on in USA these days?'?, -without this question should lead to this topic getting infected by politics, that is!, and thanks!

- Awesome, just awesome!

lol!, I had to fire up Google Translate to understand 'fecal gnats' btw., and the meaning craked me up! - - - o 0 o - - - Today, a practicing Danish CPA would be disbarred and fined an enormous fine communicating that way. Back in 90's, perhaps '95 or '96 A Danish CPA got disbarred and fined DKK 300 K not tax deductible for in a written quarrel with a discontent client leaving out the door, loosing his head, for in print to the client expressing 'I don't want persons like you as clients.' [There were more like that in the case, but not worse than that - snide insinuatiions.] It's called example setting for the profession to define limits for behavioral standards, by deheading a member.

and Bloomberg - News - Economics, Centralbanks [November 11th 2025] : Norway Suspended Wealth Fund Ethics Rules To Avoid $230 Billion Tech Sale Takeaways : Norwegian Finance Minister Jens Stoltenberg said politicians suspended ethics rules governing the world’s biggest sovereign wealth fund after the divestment of Caterpillar Inc. stock. The move came after ethics advisers pushed to sell shares in Caterpillar Inc. because its bulldozers are used in the war in Gaza, which risked setting a “template” that could lead to the fund being told to sell off its most profitable shares. A committee of experts has been given a year to review the rules, which also need rewriting because the new geopolitical situation with numerous conflicts requires the fund to react faster than the current rules allow. - - - o 0 o - - - *chukle*, - lol! Norwegian double standards and hypocrisy - or reason that prevails over the opposite of reason, <insert here your preferred word among irrational, unreasonable, nonrational, unthinking, unintelligent, unreasoning, stupid, dumb>? - - - o 0 o - - - I suppose everybody know here what Norwegian Finance Minister Jens Stoltenbergs former job was, so no introduction is needed. *shrug*

Mike [ @cubsfan ], What is with you and your posts here, obviously, also in this topic? The topic title contains 'uninvestiable' as basis, referring originally to civil rights [also for investable, listed companies], respect for capital, the rule of of law, orderly conditions about the terms and conditions of how to commit capital to something to something, independant of the whims of some bureacrat or autocrat somewhere, and then you post here in this topic about 'satire is a powerfull form of critism and ridicule'? - All why you've actually eventually forgot, at least why you seem to have forgot, you entered here, at CofB&F in the first place [, by now only in certain topics, you not beeing especially contibuting to other topics, any longer, other places here on CofB&F], where the only things that matters are information, facts sharing, rational thinking basis facts, discussions based on such, and when it suddenly is about European companies, then those overall guidelines don't apply to you here in this topic[ not clear to me here in this, if you mean to others]? When did you last time post a link to something factual in this topic, that actually matters?

@Dalal.Holdings, What has posts on X by a satirical account on X to do with this topic? We have another, separate topic available for sharing for such fun, for common amusement -, still separately! You're a professsional money manager operating out of NYC, where every person on the Internet is actually able to access and read what your posting here in this topic, not only in this topic, but in this group of topics in total by me called 'forum' [some on here I've noticed calling it a 'section'], as the contrary to the 'board' as as a whole, which is only available to registered members, in the named usergroups 'member' and 'members', which requires the payment by registration of an abosolutely nominal cash digital by receiver accepted digital payment method, one-time-only 'registration [entrance] fee'. If you try to logout, and visit CofB&F, you'll get to the conclusion, that I'm right. Furthermore, please just try to doxx your self [nah, not real doxxing, btw.] by simply doing a Google search for your self of 'Dalal Holdings Corner of Berkshire' and see what you get! - remember in Google also to look at the search result section 'Pictures'[perhaps it's 'Images', whatever] - And then you're feeling hurt by me breaching your privacy privileges here on CofB&F!? I'm just hoping by this post that you're realizing you're actually here embarrassing yourself! - You don't need my help to do that. I'm personally posting here on CofB&F under the name on my birth certificate. -There is no better conduit for self moderation than knowing it is so! -Get real!

I found it : Berkshire Hathaway - News Release [August 20th 2014] : Statement of Warren E. Buffett, CEO of Berkshire Hathaway Inc. Fine was USD 896,000.

Yes, it vill be a strange experience for for all of us. And I the you call it, @wescobrk, 'farewell letter' is the right interpretation. For those, who may not know the source for what @wescobrk is alluding to, it's included in the 'Its's Not Me' Press Release of November 6th 2025 :

Doesen't there exist sufficiently fine meshed geographical US employment / unemployment statistics to cover the above discussion among several CofB&F board members about what is going on over time in NYC?

lol! - The whole thing is actually top notch leisure saturday best in class entertainment, at least for those of us old bugggers with bad knees, what ever, standing with one foot on a banana shell and the other foot in grave. I have been laghing basically ever since your last post above now for more than four hours, unable to stop laughing, thinking I'm really in need of a full anastesia to get it under control, gave up on the idea after thinking a bit about, remembering all those videos of babies on X playing with their best friend the house pet, the doggo, the sitting baby can basically do nothing than just that, eat and drink, sleep, and fill the daipers, ... cry, smile and laugh!, but without any kind of real control over it, and can't help laughing when the doggo is funny. So it must be in the repile brain, meaning I'll likely just continue laughing while under full anestesia, I'm in need of is being put down for good to get it to stop. That is a quite drastic measure, then better try to live with it. But I've now reached my limit for stressing my sore stomach musles further from reading CofB&F. Next my ribs will become sore, and eventually, all my internal organs will begin falling down in the buttom of my body core in a pile, because they can't keep holding on to where they are placed and attached from this constant quake. So what do have here? A guy named Gordon, whose name nobody really know what is he appears however not to to be named Gordon according to some anyway, goes down, fainting in the oval office. What is this? How did he end up exactly there behind POTUSin the oval office, somebody at the White House don't know who he is? Then notice this was happening under a victory lap in the Oval Officice for yet another deal closed by POTUS, carefully planned by POTUS and staff, please note he applied a manus, that he did not deviate from. The session was naturally whacked, ruined by the incident, and removing all attention from POTUS, it clearly appeared that he was not amused with what happened. But at least he had the form here to stay silent, standing. Then all main stream media folks present are ordered to get out, and cameras aren't stopped as ordered, and the whole thing immedially ends up on the Internet, unflitered, unedited, nothing cut out. Then bots, scrapers, algos start doing their work, videos shared, lazy reporters just copy and repeating from other media, not checking facts, sources, GROK and AI, LLMs also doing their thing, the whole thing going totally haywire, almost creating a an increasingly spinning black hole, with real information about the realities, facts unvailable, incarcerated behind the event horizon in the certer of the black hole. Next Mike Doustdar uses part of his Saturday sharing his perception and using the opportunity with the man down doing a spin on LinkedIn with a photo of how he and LLYs Dave always are there for patients, even here cooperating in the situation, despite being competitors. Some things of it appear funny, others headshaking, others absolutely not funny, and them some appalling. - - - o 0 o - - - Structuring, thinking about the dimensions of the thing Saturday has cured my laughing, It appears.

There is no doubt Marc Hamburg is a very good and competent CFO. I think of him as a conciligiere of Buffetts, professionally available at any time for Mr. Buffett, almost always in the background, out of the limelight. I can't help to admire him for his work. - - - o 0 o - - - I'm still an uncurable nitpicker, but where I now more try to behave by avoiding doing so. I've once found a typo with a clearly misplaced comma in some text [it wasen't in a number] in a Berkshire 10-Q or a 10-K, which I diden't mark up, and I will never be able to find it again. One tiny typo in all those pages for so many years! My first and second bosses adressing me : 'Don't even bother to come to me with stuff for approval that is filled with such errors! You need to learn to hold your pencil right!' They both were like two separate clones of 'Rainman' with numbers. Absolutely incredible hawkeyes! I speculate I incurred some kind of untreated PTSD, that eventually caused me to develop a nitpicking brain damage! - - - o 0 o - - - Then there is this Berkshire News Release about a missing a SEC filing years ago, causing Berkshire to incur a huge SEC fine, I can't remember the exact figure, to the best of my recollection upper half range six digit figure, where it later became evident, Mr. Buffett must have said to Mr. Hamburg : 'Don't let it get under your skin - I'll fix it for you!', meaning no bonus to Mr. Hamburg next time bonusses were up for discussion!

Anecdotal here from Denmark - don't even think that things are anywhere near perfect here in Denmark. In our 'wonderful' one payer system l was left hanging to dry in the most of second half of 2022 in a waiting queue after my PSA number suddenly skyrocketed, for scanning, diagnose and decision for radiation treatment of prostate cancer, which cured me totally, and no metastases, outcome I now can run out in the city at night and have a lot of fun with other ladies, behave like I was cracy, without risking new claims for child support! Always remember to think about the bright side and upside of everything! I know what Warren Buffett went through where shareholders got a short message that Warren Buffet had undergone likely such treament for that. That's not for whimps. However I don't think I'll get lucky at my age and equipped with a rollator as ride isen't a chick magnet, I think. First time I fooled the grim reaper, but pure luck, by accident. Get your tests done regularly, especifically if you're a seasoned male, gentlemen. Then we have the mink scandal here in Denmark, that looks like now to have the cost of 30 billion DKK in comsensation claims for the Danish state to mink breeders, the breeders losing their livehood, bread and butter, cases handled by a special commision, of which one the largest Danish mink breeders is a commision member! Bacuase the composition of the commision shold be 'bakanced', right? He's living nearby me, just outside Odense, near where I grew up. His farms were incorporated and I've looked at the financial statements for the company, and the company was not near the number compensation reports have digged up that he is about to get as total final settlement, 400 million DKK for the neckshot from the Danish State, him keeping all his land of real estate! Right wing political parties tried to get our PM Mette Frederiksen [she POTUS has called a 'nasty woman'] impeached by a vote in the Danish parlament for what had happened, since the statutory limit for impeachment was nearing, to get closure on the whole thing, where she was saved on the finish line by two left wing parties, which by their votes shot it it down. When asked directly by a parlament member, in the parlament at a parlament gathering , what the political costs for that was for her, she stood with a tiny smile on her face, answering '<no comments>'. This week it broke, that Danish cattle farmers have been forced by regulation, decided by the Danish parlament beginning this year not that long ago, to add an additve [bovaer] to the cows food that was reducing the cow's burping and farting to reduce methane emissions as a material part of reducing the methane emissions from Danish agricultuture according to the overall green Danish climate plan. In the basis for the parlaments decision basis was a report warning against it, because it could have dire consequences for the cows, making them misthriving, loosing weight, and lowering milk production, and it wasen't totally clear if it was also illegal animal crueltry, because a cow can't aswer questions from a human being about how it's doing! No sweat, the Danish parlament simply decided it anyway! And now a regular shit storm of farmers have been complianing all exactly that now is happening, even some cows simply collapsing and going down! Geez, how difficult can it be? Poor mooh-cows! You can't make up sh*t like that! - Shortcut out of the stuff was at least opened immedially, posponing the whole thing for 'further analysis', but the thing is not off the table! Crazy stuff to observe if you ask me! - - - o 0 o - - - Edit : Wikipedia : 2020 Danish mink Cull.

- Me, slow catcher, suddenly realizing what he actually was may be playing with in the last video!

I've never known, nor recognized or experienced your humor before today here on CofB&F. It's just abolutely awesome, especially considering you're a dead serious litigation lawyer by profession!

When someone [doesen't matter who, or for whatever] for whatever reason ramps up with scale on something like this, there will allways be positives, filtering out, idenityfing and triangulating all kinds of thugs, or worse. The filter by design won't catch the really smart ones, only the dumb and primitive ones!

Mike [ @cubsfan], Why is it you're continuing to post nothing but mostly 'one-liners',with rear mirror wiews, backwards looking, posts in this topic about ie. former POTUSs actions and doings? -Be it like posts about like former POTUS's, like Obama or Biden?! Don't you respect the outcomes from earlier presidential elections, approved and acted upon? It's generally all by locic flawed from you! -You aren't looking at things from a forward looking perspective, from where we all are! History is history, and nothing posted here on CofB&F posted by you here, or others, here in topic ,is nothing but logically flawed! -And naturally you already know that! - It's actually critizing outcomes of Presidential decitions earlier in time, which does not actually dress you well here. You're an investor, and need alone therefore to look and post materially differently from what you actually might have done here recently, related to etc. incumbent cf. former POTUSs doings.

Btw., we have many topics about specific Marks memoes laying around here on CofB&F, scattered all over the place, in the General Discussion forum, with low traction. One of the future days I'll suggest them merged to Sanjeev [ @Parsad ] in one topic, also in hope there will many more, Howard Marks in fact isen't exactly a spring rabbit any longer.

New Howard Marks memo : OakTree Capital [November 6th 2025] : Hoard Marks : Cockroaches in the Coal Mine It adresses some frank and usual style public comments from Jamie Dimon recently, the CEO of a regulated competitor. It's an interesting read, at the least. The memo title is to me a bit funny, messing up and mixing two sayings.

Jeff [ @DooDiligence ], Our incurable troublemaker, making my day about every day!

Thank you for sharing here, @Marco Van Basten, Much appreciated, actually. Personally, myself, I've been in close, sometimes intense, contact with the Danish one-payer health care system too regularly withinin the last four years, one time in the hands of a here registered Russian nurse, working here in Denmark, from her skin and appearance to judge, she could be from anywhere, white female with blue yees, nice and forthcomming towards me, communicating with me in Danish, but with an odd, 'twisted' accent, she telling me when asked by me telling me she was Russian, all while I sensed this was not the time to ask about why she was here, obviously having fled Russia recently after the start of the now ongoing Russian-Ukrainian war, having fled Russia after the Russan-Ukranian war started. That question I asked her, and she confirmed my to her not untill then not outspoken assumption.

How can you post that here on CofB&F, @Marco Van Basten , without mentoning your reasoning and basis, sources?

It simply does not for me personally work that way here on CofB&F. I suppose it's about CofB&Fs board permissions setup for user groups, are you personally in the user group 'members',' rare, or are you in in the user group called 'member'? -Thank you for replying!

A very belated welcome to you here on CofB&F, @Lazarus ! Edit : I'm actually very well aware of some of my posts here in this topic by some here are considered and judged severely biased, for the same persons functioning, behaving, acting like some kind of counter and balancing, leaving my posts, here, unchallenged, uncountered. Me doxxing people, doxxing [It's not doxing, it's doxxing] people is not for you to comment on. Be nosy for yourself, I don't need your input. Crazy, twisted exhibitionists everywhre, take advantage of it in stead. Your dubbing and calling me a 'dick', simply isen't true, when it really matters about money and material decisions here in my household, it has happened, after she experiencing me taking the control, saying after things fixed : 'My God, you're indeed a mean, fine dististilled bully and as*****!' Then I reply [most cases] : 'There are no limits for what I'll do for you, dear! - Thank you for the compliment!', after which she really gets into mental overdrive. Then there is this statement from you about me derailing this topic. Please wake up and get real. Mud slinging and the like here isen't constructive at all.

@Dalal.Holdings, Your post above caused a good laugh for me! I'll steel the line : It's great! I personally think that my own household is among all households actively reprensented here on CofB&F by a household member, my own household likely is among those taxed the dearest. - Mocking Thierry Breton to me is a leisure, occational activity not that shabby either! However I personally prefer starting with mocking Mario Draghi!

Mike [ @cubsfan ], I personally think that you here aren't doing your best to read Charlies [ @Charlies] post the way it was meant and by its sincerely meant intentions. Charlie has always been a nice guy here on CofB&F. His post was about example setting and being a role model related to not practicing bad behavior. - - - o 0 o - - - In the Danish parlament we have a, by the parlament elected internally, chairman of the parlament, who directs all meetings with firm hands. The seat and position has always been going to one of the aged, seasoned MPs with tons of experience and with an impeccable reputation of good behavior, no matter political orientation. He or she corrects and stops every MP not correcly adressing all other members - all the time! -, correctly and by the standards : Not 'Rasmussen', but 'Mr. Rasmussen', or 'Miss [or Mrs.] Rasmussen, or 'Minister Rasmussen', if so. The chairman even and eventually have the competence to throw out a MP from parlament meetings [here called 'gatherings'] to cool off, thereby also in fact revoking voting rights temporarily, revoked while outside the door, if already adressed bad form continues, even the prime minister, if judged appropriate. Then compare that to the behavior of the incumbent POTUS about adressing other persons. - - - o 0 o - - - Then you twist Charlies [ @Charlies] post to something else than meant, deflect it, and are degrading your self to dubbing and name calling Charlie [ @Charlie] a racist. - Charlie [ @Charlie ] can naturally reply for himself, btw. However I feel confident he isen't willing to engage further with you here by now upon what he just experienced here.