John Hjorth

Within the last few days, there has been thoughts ventilated by @CassiusKing1, @thepupil and @gfp in the General Berkshire News topic related to Berkshires expected future, based on considerations about the future structure of ownership of Berkshire. For everyone interested in this toic - specifically and in general, I recommend this book.

The exchange between @CassiusKing1, @thepupil and @gfp above is extremely important longer term for the future development of Berkshire. I hope one you gents will take the initiative to a topic split from here - to a separate topic - for further discussion.

Thank you, @gfp & @ValueMaven, for the above exchange. If one think about it a bit more and a bit deeper, the issue at hand is simply mind provoking, because Berkshire is actually gradually and over time catching and gobbling up its "surroundings" - like a black hole or like the span of the tentacles of a hungry octypus. Absolutely incredible what the mathematical laws for exponential functions and uninterrupted compounding - plus buy more or sharebuybacks, or both in combination - can produce of longer term economic outcomes. - - - o 0 o - - - Today, I went back the memory lane, to the end of Berkshires quarter when I bought the first few Berkshire shares, almost a decade ago: Total cash and cash equivivalents at hand : USD 47,776 B [, now USD 39,113, 2022Q1]], Equity securities : USD 87,088 [, now USD 390,538], & Equity accounted investments : USD 0 B [, now USD 17,596]. Add to that the reduced Berkshire share count because of share buybacks.

It's not so. 5% of the last years position after giving is donated each year.

So around USD 19 M for a dinner with an almost 92 years old geriatric [one of the best of his age, that is, however]. Insane capital allocation.

Priceless reading, gfp! lol! Thank you for sharing.

Get real & f**c bonds.

Mike, I hope you care to elaborate on "nuking up" in your post above.

Thank you very much for sharing, gfp, It's very much appreciated. Interesting stuff to dive into. - - - o 0 o - - - On another note, related to what has been posted in this topic recently, the mystery about the omission KO in the notes to the BRK 10-Q about material stock positions has been revealed in the BRK EOP 2022Q1 13F-HR. A KO stock position valued at USD 29.8 B is now considered immaterial, so that it doesn't qualify to be considered material in the notes of the BRK 10-Q, based on its value, or Mr. Hamburg has decided "the limit" to the "material"-podium to be restricted to five. Personally, I think we need to get used to things like this going forward. [Berkshire's reporting has been "cartoon-figures" for years now. - - - o 0 o - - - Best wishes for an enjoyable vacation in Spain.

Ref. gfp's posts above, it appears as Mr. Buffett has been extremely busy with capital allocation during the quarter. What about the position in Coca-Cola? - Please see p. 8 in the 10-Q. It appears as one of the big positions at year end 2021, but is omitted at end of 2022Q1 in the specification.

@Cigarbutt, Off topic: Thank you for your post. You are as always so kind. It's warming. Please read PM from me.

The one-liner of this week on CoBF - and today is Monday!

@Aurelius, Is this family member close to you even interested [expressed interest towards you]? What is the age of this person? [life expectancy, expressed as multiples of 10, rounded]? - - - o 0 o - - - Nice to see you back here on CoBF, @Aurelius!

Thank you for sharing, @JGBRK, @Spekulatius& @Parsad have commented on this case in this topic. Honestly, it's really bugging me, after reading the primary source [, linked to in the article linked to by @JGBRK]. Any other commments by my fellow CoBF members? - Thanks in advance,

Thanks, @Gregmal, Much appreciated!

@Spekulatius & @Gregmal, A bit off topic, but anyway: What is this thingy Mr. Pabrai and a Harward MBA? I have tried to do search. I hope somebody will bring me out of my darkness here.

@MMM20, The purpose of CoFB is actually the crossing of swords [please read : factual based opinions] among the whole sprectrum between longs and shorts, to avoid group thinking and confirmation bias. A belated welcome to CoBF, @MMM20!

Greg, To me, this is a transaction only for accounting purposes, ref. what @StubbleJumper has alluded to earlier in this topic today.

Posted by me in BAM topic on October 26th 2021: "... It's a "tiny puppy" [ ;-D ], and ever growing - right now annexing 450 MB of your drive, and at the moment consisting of 19,409 pages. ..." Posted by Joel [ @racemize ] in the BAM topic on October 26th 2021: "... It is starting to get ridiculous. My PDF program freaks out every time I add a new file to it, which happens pretty often. ..." - - - o 0 o - - - My comment to Joel here: "Take it easy, - at least you're "puppared"".

It's certainly an entertaining read.

@Fundmanagerthrwawy, Adam is posting here on CoBF using the username @TREVNI.

Yes, @Dynamic, Likely these transactions catch the interest of SEC.

@StubbleJumper I'm thinking about the content of your post. Thank you for sharing your thoughts & line of thinking.

Hi @Fundmanagerthrwawy, Welcome to CoBF!, Sure, it's hard. Today, it's now about 8 1/2 years ago I joined CoBF, after beeing "orphan" for about 1/2 year after the personal decision "to get serious" into this non-zero-game. Today, I think I spent about 3 years reading the board, basically keeping my mouth shut [providing perhaps some 300 [low quality, I guess] posts during that time span]. During those three years, I sacrified sleep [<-!], to get "a hold" on what I was aiming to to do. [Back then, I was still in the "hamster wheel"]. During those three years, I've spent a lot of time - so to say - to read the board "in another dimension" - I was reading the board as posted by specific members during time - all the way back to the buttom of the GFC, when the recent CoBF was folded out [, to get "inside the mindset" and "modus operandi" of each individual CoBF member]. Today, it strikes me personally -, that there seem to be a correlation - over the years - here at CoBF - between beeing a polite & rational person here on CoBF - and trying to achieve outsized returns, however I can't really prove it, and I won't try to. - - - o 0 o - - No matter my own biases & assumptions, welcome!

SJ, You're killing me. If I could, I would quote your post into the "Jokes"-topic in General Discussion forum. Unfortunately, I'm still not able to do so with the new CoBF setup. Rest assured, I'll find the way to do so along the way. I'm not a "quittor".