John Hjorth

Bay Street vs Wall Street according to growth investors, and some other stuff.

Sure. Follow your dreams, relentlessly, and do your own work.

globalfinancepartners, No, I can't. But you and bizaro could create it! - The topic at hand here is certainly worth separate discussion! [ : - ) ]

Please be nice, and honestly, please give me a break here. tol1 asked a question out in the open. If you have nothing specificific & construtive to add, why does that make you post something like the replies that tol1 has got here so far here in this topic?

We have a separate topic in the Berkshire forum for this discussion, gents.

+1.. not a brutal run up at all given how wide the discount is karthikpm, Well, yes - that's relative to your BRK position size. To me, short term, the game has changed for Berkshire stock. Based on the announcement last evening US time, an invasion is now going on by day traders [perhaps some them with huge intraday limits], speculators & lemmings. [i don't think the shorts are here.] Please take a look at the trading in B share today. Take advantage of the volatility, or just buckle up for the next period.

Inside my head, I still have the B share at USD 250 intrinsic value, based on the last three Semper Augustus Letters, plus about ~USD 30 B of discount to the float, based on considerations made here on CoBF by rb, not included in the Semper Augustus Letters. So, pretty brutal run-up today, but still cheap to me.

Daniel, Several CoBF board members haven't considered Berkshire fairly valued recently, and have been adding to their positions.

Thank you for sharing, Munger_Disciple! -The most important announcement of them all.

longinvestor, Yes, "Holy smokes", and you're certainly forgiven. Nobody here on CoBF did see this coming. Going forward toward to August 4th will certainly be an interesting ride for Berkshire investors.

I like your line of thinking, no_free_lunch. Edit: No!, I dont. Please give me the mother of all corrections before August 4th!

It simply reads too good to be true. There is no announcement on the Berkshire website yet [as of now]. Maybe it'll be there tomorrow. I need to see it there, before I believe this, actually.

What do you like about VOD, Lance?, Also a question for you here. - Good to see you back here on CoBF. [ : - ) ]

Berkshire press release about Mr. Buffett's yearly gifts to the five foundations. Now ~USD 31 B in total, in this year ~USD 3.4 B, and counting.

To me, absolutely stunning what you have pulled off now for so many times during the last few months, boilermaker. Tapping the market for cash, as was it some kind of high quality beer pipeline with a hole. You really need to report here, when you switch to oxygen. [boilermakers don't cheat with oxygen on Everest or K2.]

Thank you, Oscar!, I looked at it earlier today [always nosy], and ended up exactly confused. Such clutter! - At least the parents could implement "I", "II", "III", " IV" and so on. [ : - ) ] Please don't be a stranger, Oscar.

It is the largest weighted company in XLF: http://etfdb.com/etf/XLF/ Nickenumbers, Above is my offer what's going on with Berkshire in the market at end of June 2018, with comment from Joel [racemize]. Also ref. the latest discussion in this topic between rolling and Dynamic. I still think today this thesis has merit.

I did ask Sanjeev to merge this topic with the topic in the General Discussion forum, which by Sanjeevs initiative took place about 1.5 hours ago. Thank you Sanjeev. [Just so that nobody is confused what has happened here on CoBF.] I found Howard Marks book unremarkable too. I know he is revered here, but I really didn‘t get much from his book, other than the idea to think about where we are in a cycle. Even with respect to the latter, it might just be better not to think about cycles at all and look at all Investments case by case and forget about the large picture.

The Kindler version was not legit. I'm deleting my posts here of today, to keep the topic clean.

Oh, I apologize for my comment then, Valuehalla. And I see that Dynamic comes up with the same numbers within a narrow margin, like yours, in his very elaborate post after yours. Thank you gents.

Post by Scott - to me, absolutely brilliant post by Scott, thank you! - in the "Berkshire - cheap?" topic [my emphasis & underlining here]: Edit: Please try to invert it with regard to outliers. Please try intellectually to apply it, relative to your own actual personal investment style.

Jurgis, Now I understand that you bought a tracker of LVMH in May.

Has anybody here on CoBF tried to estimate the BV/share for Berkshire end of period 2018H1? [i have read the posts by Valuehalla in this topic, but I respectfully towards Valuehallas post of June 29[sup]th[/sup] 2018 submit, that the calculations - at least to me - are too cursory. [i hope you don't get me wrong here, Valuehalla ... - I have always enjoyed reading your posts here on CoBF about Berkshire in your capacity as long term Berkshire shareholder.]] For my part, it's the tax expense in the 10-Q for 2018Q1 that is really teasing me. Edit: Dynamic, Do you have an estimate for what will hit Berskshire P/L with regard to the listed investments for 2018Q2, based on your tool, & based on i.e. unchanged Berkshire portfolio composition, compared to end period 2018Q1?

Based on the post by TwoCitiesCapital, last part, I did go back and reread the Lukoil topic here on CoBF, and I found a post by Ericopoly, similar to what TwoCitiesCapital wrote in the last part of his post: To me, really entertaining [ : - D ], and also demonstrates how important it is to try to stay openminded and sceptical about what's going on in each of our own local spheres. Thank you to all for input so far. There is a lot to think about and to study.

Austin Value Capital has today made a large bunch release of several compilations of some awesome stuff available on the fund's site here. To me, this is just so awesome. Thank you to both Joel [racemize] and Jeff [rainforesthiker] for sharing your thoughts on investing both here on CoBF and in general. Link to topic about Jeff's book.