John Hjorth

Added further to BAM today. [I'm now "maxed out" [in the sense of being basically fully invested, without any use of any kind af leverage, except deferred taxes on taxable accounts]].

Added to BAM last week, and added to BAM & SCHO.CPH today.

Personally, I have to admit, that this migration from Simple Machines Forums to Invision Boards has been a personal challenge to me, too. To be totally honest, just after the migration, I considered myself here on CoBF deaf, blind & mute, combined with a good deal of directional confusion! [, absolutely without any capabilities to "handle"/"maneuver" the new board like the former board software platform]. - - - o 0 o - - - Here, I'm not suggesting, that the posts in this topic are without merit [actually, to me, many of them are]. The posts in this topic tells everything about what this is about : Simple Machine Forums has its roots in a time, when tablets and smartphones did not exist. But what I'm quite sure of is, that we are now past "the point of no return" [to the old board platform, ref. the topic title chosen by Greg in this topic]. The point of no return was de facto when Sanjeev decided to put the new software platform into production environment. Personally, I speculate many challenges using the new board platform can be solved by communication among CoBF members [like we - as a community - do every day - investment related], using the recipe : "There are no dumb questions, - only condecending answers".

Thank you & very well said, Greg, Personally, I think about this as a private investor saving and only holding cash & T-bills for the long term. It's doomed to failure in the sense of underperformance for the long term. In fact, Mr. Buffett has been a proponent of exactly this stance & point many times over the years. I think it was some two to three years ago that I was about have had enough of this continuous cash build and seriously considered to reduce my Berkshire position and go somewhere else with the proceeds. gfp has also earlier here on CoBF short time ago expressed, that the buybacks for sure appear price sensitive in some way. Mr. Buffett also verbally confirmed it under the AGM yesterday. Let's just hope it doesn't run up too much, so that the buybacks come to a halt. - - - o 0 o - - - Just a few additions here, hopefully without these additions being perceived as too much nitpicking by my fellow CoBF members : Mr. Buffett mentioned under the AGM yesterday that the minimum cash position of USD 20 B is under consideration for a raise [, which to me makes sense - float is still gradually increasing, and as of now [EOP 2021Q1] stands at USD 140 B]. Calculation of "excess cash" ["dead money"] should actually include a deduction for cash at hand at BHE, because that cash is de facto earmarked for reinvestment in BHE [no dividends from BHE to the parent]. I think it was at the 2017 AGM, that Mr. Buffett was asked a question about the cash build, where he expressed something along these lines [,so not an exact quote here] : "... there is no way we can sit here in front you and consider ourselves a success with more than USD 150 B in cash & cash equivalents on the balance sheet ...". Somehow, Mr. Buffett - so far - has lived up to that.

CorpRaider & longterminvestor, I started listening to that podcast, too, trying to take it in, in bites. I got derailed when I heard about the site Berkshire Nerds , and I got a good laugh of the FAQ on the website! [ : - ) ]

Thank you very much for sharing, KFS, I couldn't find it yesterday. I enjoyed listening to it this morning. After that, I went beserk on saxo.com, ordering three books about Berkshire by Lawrence Cunningham [As a Dane, my calculations appear to show that's a cheaper way to get those particular books, compared to ordering them on Amazon].

Thank you for sharing, ValueMaven, I listened to the podcast with Mr. Bloomstran interviewed today. I think it's good, however nothing new, compared to the Semper Augustus Client Letters. A bit to my surprise, I found out, that the interviewer - Stig Brodersen - is actually a Dane, located in Århus, Denmark.

Added to SCHO.CPH today.

From the 2021 Proxy Statement, p. 8 : Factors considered by Mr. Buffett in setting the compensation for Mr. Abel, Mr. Jain and Mr. Hamburg are typically subjective, such as his perception of each of their performance and any changes in functional responsibility. Prior to the appointments of Mr. Abel and Mr. Jain as Berkshire Vice Chairmen in 2018, Mr. Buffett set the compensation for each of the CEOs of Berkshire’s significant operating businesses. However, since 2018, it has been the responsibility of Mr. Jain to set the compensation for the CEOs of Berkshire’s insurance businesses and the responsibility of Mr. Abel to set the compensation for the CEOs of Berkshire’s other businesses. Mr. Jain and Mr. Abel use the same general criteria as had been used by Mr. Buffett. Many different incentive arrangements are utilized, with their terms dependent on such elements as the economic potential or capital intensity of the business. The incentives can be large and are always tied to the operating results for which the CEO has authority and are related to measures over which the CEO has control.

Sanjeev, Again, is it OK with you to open/start a new topic in the General Discussion forum, alone for the purpose of testing and playing around with things on the new software platform? [With the purpose of us all, getting better quicker of handling the new platform, by sharing experiences?] [The alternative to me personally would be to open a temporary "sandbox" forum, to play/mess around with things here at CoBF, with the intent of constructive feedback to you].

-This is really funny! [Perhaps some browser cache massage! [ : - ) ]]

aws, Please just use the NYSE website directly for BRK.A. It dosen't lie, I suppose, and I think ValueMaven does not exagerate, perhaps more to the contrary [BRK.A is also traded other places than NYSE].

Thank you for sharing, sleepydragon.

The book landed here at me yesterday morning. Pretty amazing how great word wide logistics is working nowadays! - From what I've read in the Twittosphere, that's one day later than in the US.! [I'm a Northern European citizen [Denmark]]. - - - o 0 o - - - It immedially jumped Kilpatricks "Of Permanent Value - 2020 Elephant Edition" [the green edition] on the small table between the TV-chairs of ours! - I got some "snake eyes" from the Lady of The House for doing that - ... to which I responded : "I can't really judge if this is a horny two-days-old, or "the green one" is a really "yacky" phedophile!". Response [again] : More snake eyes! - - - o 0 o - - - I've started reading it - really seriously! -With "seriously" I mean : Every spare moment I have, I grab the book and continue reading, and so far, I'm turned on! -I passed out last night in the bed with the book! I'm already sure this book is very different than other recent books about Berkshire, however it will take some time "to take it in" and digest it! - It's really a "brick"! More to come here from me!

Thank you for reposting and sharing anyway, gfp.

gfp & sleepydragon, Please repost! - Personally, I'm all ears! [please read : "All eyes!"], -thank you in advance! [ : - ) ]

ValueMaven & backtothebeach, No matter what the reality is [we will see soon], the observation by ValueMaven is still interesting. I've been following Statens Petroleum Fond Utland for many years now, but have not looked at it in the last two calendar years. I will take a look at it again in due course, and report back here in this topic. Here, it's not [related to the management principles for Statens Petroleum Fond Utland] only about Berkshire ESG matters, but also about Berkshire Corporate Governance. I'm personally really, really tempted here to go fully invested [which I haven't been since the autumn of 2017], in Berkshire, with new additions considered a trading position.

I'm actually not totally sure that I to the full extent understand the last post by Jurgis here in this topic, I mean, shoudn't this poll be two dimentional? [The "second dimension being "old members" [from before the migration to the new software platform], who will maintain their privileges from "the old forum platform"], and new members?

Within the last couple of days, I've : 1. Added to BRK.B, 2. Added to BAM, 3. Added to MC.PA, & 4. Added to SCHO.CPH, [all, small additions], Furthermore, 5. Added to NORTHM.CPH, [North Media A/S] 6. Started a new position in SPG.CPH [SP Group A/S], & 7. Started a new position in RTX.CPH [RTX A/S]. - - - o 0 o - - All small portfolio movements.

Thank you for sharing, gfp, It certainly appears to be an interesting acquisition candidate for Berkshire. I really can't imagine a company with this kind of activity ever loosing its relevance for societies going forward long term. It'll be interesting to see what the founding family does here. Is it about maximizing the economic outcome of a sale [where the buyer[s] suck[s] every drop of blood out of it, with the intent afterwards to flip it], or will it be about finding a new good & permanent home for the company, with a new & supportive owner, also willing to support new ventures with capital, if needed.

For those of my fellow CoBF members, who continue to try to distort a topic like this into a political discussion, here we go : 1. Enter the main page [www.thecobf.com], 2. Hover over "Forums", 3. Then your are opted to choose between "INVESTMENT FORUM" or "POLITICS FORUM", & 4. Make your choise, according to what's on your mind! - - - o 0 o - - - It's that plain simple [,and then, yet not, based on what your purpose of holding an account here on CoBF really is!].

ValueMaven, You'll likely get some feedback in this topic, when the CoBF members, who have ordered the book, will post their experience while reading this book. - - - o 0 o - - - NB : -& personally honestly [& likely very biased] : Snowball up where the sun doesn't shine! - I simply hate that book!

Here is a podcast interview with Adam Mead about the book : Validea Guru Investor Blog [April 1st 2021] : The History of Berkshire Hathaway and Warren Buffett with Adam Mead (Ep. 80) . It's pretty evident from the interview, that Adam is extremely well wandered in Berkshire, and that his Twitter handle BRK_Student dresses him well! [ : - ) ]

Yes, Jeff, I, too, am comfortable this will be a leap forward for CoBF as a whole, to become a better place for everyone here. We need to give Sanjeev the time to set up things to our purpose.

Posted as a draft by me in the morning my local time [Denmark] on March 31st 2021, without pressing "submit": "Woah! , -thank you, Sanjeev! [ ; - D] -Earlier today [this morning, my local Northern European Time], I noticed the site going off line, with an unusual reponse message. It looks great! - Much more phone & tablet friendly!" - - - o 0 o - - - Now, going back to this topic, -what I then wrote, is "still here", as a draft! [cached]. - - - o 0 o - - - All migrations to another software platform are challenges. I've spent the last few days just looking around for myself to see what - over time - will come to be available to us CoBF members. -Holy-Go-Molly! [ : - ) ] -It sure looks good! [ : - ) ] -A quantum jump compared to the former Simple Machines forum platform! - - - o 0 o - - - We solve the challenges with the new platform by cooperation and sharing af experiences - as we always do here on CoBF! - simple as that. - - - o 0 o - - - Sanjeev, We're all in need of test topic, - or a test forum [sub board] - to mess around with things here on our individual accounts - to get going! -I hope you'll open one!