John Hjorth

Thank you for elaborating this term, Mike.

James, on behalf of Sharad, Jeff, [DooDiligence] and I , I simply have to ask : This hamburger price, is it about quality or quantity? We're genuinely interested as NVO investors.

CNN Business [May 17th 2019] : Haven, the Amazon-Berkshire-JPMorgan health care company, has already lost its No. 2 executive.

I hope you're right, Spekulatius, Because like nicke, I think that Berkshire, - at least as of now - trades well below intrinsic value. - - - o 0 o - - - If I should elaborate a bit on my prior post, based on a more "loose approach" to the question asked by nicke, I think it could basically be boiled down to: The way that the word "meaningful" is used [or abused?] in recent years at Berkshire headquarter [to me, at least by Mr. Buffett]. Please try to think of the phrase - so to say - "mirrored"/inverted in relation to frugality and cost conscience : "Every cent counts to get the dollars". To me, there is some kind of shade of arrogance over it. I could also phrase it as if Berkshire investors are living with a condition of an extra [hidden] opportunity cost related to Mr. Buffett's definition - in this context - of "meaningful". I suppose the meaning, perception and understanding of "meaningful" at Berkshire HQ also is relative with respect to individual persons. So, it's fairly easy countered by handing over materially more AUM to Mr. Combs & Mr. Weschler. I don't know if such decision is a board decision, or a decision to be made by Mr. Buffett alone, perhaps in cooperation with Mr. Munger, or perhaps even contractually laid out in advance with the two CIOs.

Jeff, Perhaps my phrasing of my post was a bit subtle. It was actually meant as cudos to you, because omagh's post skipped my attention here on CoBF in the first place. So thank you to you for bringing it to my attention by your tweet [ : - ) ].

nicke, Here, I'm not debating your premises - more the question asked. And my basis is the question asked - literally. Your question contains two components : a. Market/trading price, & b. Intrinsic value. As a long term Berkshire long, I want b. Intrinsic value to go up going forward. a. Market/trading price is for me [from here, going forward] maybe an opportunity. Also for tax reasons [based on the local tax regime, that my family and I [no "we" here! [ ;- ) ]] are subject to, I actually want the market/trading price to go down going forward from here. [This may seem crazy, I'll be happy to elaborate, if wanted.] - - - o 0 o - - - So, the answer to your question depends on ones personal perspective [naturally]. Potential future net Berkshire buyers don't want the gap to close, while potential future Berkshire sellers want the gap to close.

omagh, If there was a "like" button here on CoBF, I would personally use it on your post! [simple Machine forums put an honor into being old fashion!] - So you'll have to settle with a quote ... - please consider it some kind of "retweet"!

Danske Bank [May 10th 2019] : Danske Bank appoints new CEO. I'll start looking at the bank and it's situation from now and going forward. I have no idea about what that will bring. I'll soon open a separate topic in the Investment Ideas forum about DANSKE, without pitching it, but for discussion.

Something is wrong with the link of yours, sleepydragon.

Suddenly the issues discussed in this topic becomes interesting - SHDL: Why do you think this is hard to understand from outside the US?

It's certainly a fascinating topic ... I mean, for the majority of the posters in this topic, I have absolutely no clue about, what you're doing with your capital, your positions, your returns, over the years etc. [because you don't tell fellow board members about it here on CoBF, and I read CoBF every day, now for many years]. Please note, I wrote "... the majority ...". Furthermore, I simply don't get why the doings of Mr. Tilson is even interesting, thereby interesting to discuss here on CoBF.

May I ask, why this is even interesting to CoBF members?

Say it isen't so. I have to go back to this old post after observing the whole Berkshire AGM session on Yahoo Finance Saturday. Did anybody among my fellow board members take notice of how Mr. Jain's hand - at least the right one - the one not holding the microphone - was shaking? -To me, it seemed like he was actually leaning that hand - the right one - up against the microphone in his left to keep the right one steady.

After sleeping on observing the whole Berkshire AGM thing yesterday, I think this is a precise description of the issue at hand. Depending on how the markets evolve going forward, my overall perception is, that Berkshire will likely be a company sitting on a cash pile north of USD 100 B for a prolonged period going forward while growing at a certain clip its businesses - also depending on how in particular the US economy & the global economy in general evolves going forward. Unfortunately, the specific tender question did not come up.

Added today to BRK.B [partially with proceeds from NVO, ref. this post], BAM & SCHO.CPH.

The "planting" of the Berkshire investment in Amazon Inc. at Becky Quick by Mr. Buffett released by CNBC within the last 24 hours may be an intentional effort of diversion from that fact.

Reduced position a bit in NOVO B.CPH [NVO][in my father's account], to buy BRK.B, combined with pulling money off the table [money, that will never end up on the table again, but that will be allocated to one of his "high interest rate" accounts at Bank Norwegian ASA or Santander Consumer Bank ASA - those accounts are not part of my defined AUM]. I'm trying here to reduce risk.

James, Take it easy! That "one guy at the office" "only" has an investment mandate of USD 13 B, at the moment -& counting! [ ; - D]

CNBC - Tech [May 2nd 2019] : Berkshire Hathaway has been buying shares of Amazon, Warren Buffett says.

Perhaps that may be because most the finance people in the big friggin apple are in the business of making sure customers aren't able to buy yachts. CoBF is pretty much global - which to me is quite mind provoking and awesome. I do however not recall having read a post on here with love from Russia or from Antarctica.

This is just soo great! [lol!] - Dear fellow CoBF members - please keep them coming!

Thank you for providing your personal point of view as a British citizen on this interview, Lemsip, It's really appreciated for my part. - - - o 0 o - - - Also, a very belated welcome to you here on CoBF. Please keep your posts coming.

A friendly bump!, - Especially for new CoBF board members who have joined CoBF since the last bump at the beginning of September 2018, now a bit more than a half year ago. - You could put the information in your forum profile, too! [<- For my part personally, this action is highly recommended - that does not change the fact that this is your option!] I would argue, that this information is of importance for understanding your postings, as a basis for your living conditions, culture etc., thereby your way of thinking, the implied societal culture of yours that is embedded in your posts [that you mostly in no way are able to hide or suppress in the long run here on CoBF, if you are active here on CoBF.] - - - o 0 o - - - So, out of personal sincere interest for you, and out of curiosity, I'm hereby bumping this topic up - again! - Please keep them coming!

I'm bumping this topic up - for general discussion - based on what's been going on with regard to Mr. Musk since last post in this topic. Personally, I don't know what to think ... - what do you think?

Here is another one from FT : Financial Times [April 26th 2019] : Warren Buffett ready to buy in Britain regardless of Brexit. I think this article has root in the same interview referred to by gfp earlier, ref. the quote above. This is as close as it can get to an open and standing invitation to give Mr. Buffett a call if one has something to sell of size and value. My knowledge about British private businesses has no problem balancing on the edge of vertical stamp. Does any fellow CoBF members have any of knowledge what Mr. Buffett might have laid his eyes on here? - - - o 0 o - - - gfp's advice about how to read FT articles works great - thanks, gfp.