John Hjorth

That is true, LC, - And that's also what makes it complicated [situation dependant].

I can't, rb, There is a 20 per cent limit here in Denmark with regard to position size in tax deferred accounts. [<- It's just soo lame!] - Furthermore, I have come to like the whole game too much! But yes, I sit on a boat load of BRK.B now, quite some above 20 per cent, I think - I've been buying for more than five years now. Right now, I'm in doubt about what the most valuable asset in the household is... Shares in BRK.B, the value of the our home, cash, or the value [to me] of the Lady of the House ... - - - o 0 o - - - [Fortunately, the Lady of the House is not a board member, and she does not read the board as a lurker ... - Otherwise, I would most likely be slapped - hard - because of this post!]

Added more BRK.B today.

Thank you for sharing that Twitter thread, Liberty, It says a lot about Mr. Tilson, as a person. - - - o 0 o - - - If you end up in a game with regard to work, that is not you, so that you feel miserable while going to work in the morning, it's just time to call it a day. It's life expectancy reducing, if one don't act on it. The rest is just money - your own, or the money of other people.

I keep seeing news stories in the last 12 hours or so about the crash, but I own Amazon, Apple, Tesla, Overstock, and none of them went down very much yesterday and they are all up today. On what planet did the this tech crash happen? It wasn't this one. As Valuehalla has posted about him self before here on CoBF, he is a day watcher, and a decade trader. [ : - ) ]

Too old ;) He is somehow out of date, one foot in the grave, the other in "old economy" [read "on the top of a banana shell"]. [j/k]

Dynamics work on it in Google Sheets can be found here on CoBF.

So true, Spekulatius, This is certainly severe, thereby the company is simply not investable. The whole apperatus in the US hasen't started yet - I wonder what it will bring? Think the big US banks post GFC, think the Macondo Blow Out, think Volkswagen. The real culprits stand in court, pulling their pockets in their trousers inside out, stating: "I have no money", and the real risk takers - the shareholders - end up picking up the tap at the bar. US logic.

Viking asked me yesterday in the C topic in the Investment Ideas forum, what I'm reading to try keep my self just a bit updated on what's going on in the separate European countries. Personally, I'm very well aware of, that I'm not at all a macro guy, and that I suffer from several biases about that, based on what I read and hear in the news on daily basis about what's going on in different parts of Europe, while personally located up here in the Northern part of Europe, where living conditions etc. in general are good. It's also about working on my ignorance about what's going on in the world in general, while trying to understand why things are different somewhere else. I don't follow or read a number of blogs on that matter. In stead, I read the OECD iPapers released on www.oecd.org . Here is a link to the main site diving into each OECD country with regard to Economic Surveys. Naturally one has to be aware of the release date of each separate report. The reports are basically subscription protected, but one can read them online. The reports might at first glance seem daunting, but if you take a look at the table of contents, you'll notice that it's thematic, so that you are able to dive into exactly the topic that's on your mind and of interest for you. Here is a link to the main site into OECD Economic Outlooks, Analysis and Forecasts, containing reports and a lot of data, downloadable to Excel. [That fits me very well, because I'm a numbers guy!]

Thank you for gold here, Cigarbutt.

It is what it is, WneverLOSE, Projections.

No post from me so far in this topic about the topic title, but I have to agree with you here, Sharad. However it's not for everyone to be invested in NVO. Basically, it's GARP investing, and a very bumpy ride ... - at least it has been so for the last few years. I certainly agree with you using a long term lens. Thank you John, I'm still looking at other Danish companies, especially CHR Hansen. I'll be buying a 20% position soon, with intention to buy more when it (finally) pulls back. If you have any new news on it, I'd appreciate it (maybe it can be a 2018 pick). Hi Sharad, Chr. Hansen Holding A/S is to me a wonderful business. The stock price nowadays, however, is not - at least to me. We're talking a P/E in the 40-50 range. That's just not for me. - - - o 0 o - - - With all due respect for the topic - and its intent - here, and all the constructive posts from fellow board members in this topic: My best idea right now is cash. I'll add quite a lot more cash within a few days, to reduce all positions. Furthermore, I expect to sell something in 2017Q4, to raise even more cash. I'm looking into Danish small cap banks, though, but I'm in no hurry with that. [it's messy.] This line of thinking might be dead for me tomorrow, and I might be deemed thumb sucking. In that case, it will not be the first time. - - -o 0 o - - - Let me just post here, that I have also noticed, that some very contributing fellow board members here on CoBF, have not posted that much here on CoBF recently - that's not meant as some kind of critism - just more of a fact - and I have personally thought about that. Absolutely nobody mentioned, but everybody specicifically remembered, each in their very own way, and silence in some way also still appreciated.

I won't even apologize for stirring the fun pot here, but why even look around anywhere, when there is fun here too: In the Apple topic in the Investment Ideas forum: Pics please!

It's actually true, rkbabang, On a more serious note: I perceive Italians are actually very tolerant people, with regard to dress code. I've never had a comment, when I've been there, even when I've been "almost overly relaxed" dressed, sometimes. - - - o 0 o - - - The real joke here, is actually the sign to right of Mr. Taleb in the photo: Why do you take lectures from Mr. Taleb, if you're already doing business in Bermuda taking on insurance and reinsurance risk? - I do not recall exactly what longinvestor called this kind capital here on CoBF not so long ago, but it was not a positive label. - - - o 0 o - - - Edit: I hope it's evidient that I'm bored.

Point taken anyway, Jurgis [ ; - ) ]

Mr. Taleb, in Bermuda - & - in Rome - lecturing about catastrofic/tail risk, attached. [source: Twitter.] - I'm not sure if this dress is in compliance with Italian dress code... I mean, are those shoes Italian? They sure look like they could be loafers from Moreschi.

Are you speculating, or do you have a basis here?

It's most likely IP protected JPM client material, so it's not eligible to be posted here on CoBF, ref. also the contents in ValueMavens starting post. - - - o 0 o - - - And, by the way: You actually don't need it - you get world's best coverage on Berkshire, with comments, by reading CoBF! [ ; - ) ]

Not exactly what you requested, SlowAppreciation, but I found this article on CNBC: JPMorgan becomes just seventh bank to cover Buffett's Berkshire Hathaway, calling it a screaming buy. Gesture of mutual goodwill, perhaps?

No post from me so far in this topic about the topic title, but I have to agree with you here, Sharad. However it's not for everyone to be invested in NVO. Basically, it's GARP investing, and a very bumpy ride ... - at least it has been so for the last few years. I certainly agree with you using a long term lens.

Not many clients around here to pick up, I suppose?

I think it's called calculated [?] collateral damage to get to where you want to go to, Liberty. - Crazy stuff. [ : - ) ]

NewbieD, I have made a topic split with regard to Danske Andelskassers Bank A/S to here in the Investment Ideas forum, and I sicerely hope, that you are willing to share your thoughts - just short - about this Danish bank - just a bit -, because I'm interested. Thank you in advance. [ : - ) ].

Added more SPKSJF.CPH today. The rest of my orders filled today at my bid in one swoop, when some customer at Spar Nord Bank A/S sold a block. ~6% position. I'm finished buying for now. I'm out of ideas. Prices right now on things I want to buy does not make sense to me.

Added to SPKSJF.CPH [sparekassen Sjælland-Fyn A/S]. In small drips during the whole day, sitting almost glued to my monitors, adjusting orders constantly in a game of blind chess with the market maker Sydbank A/S. Did not get anything near what I wanted to buy. I don't want to pay up. I thought it would be a good day to add because of all the North Korea fuzz in the market, but no. Note to self: Hopefully better luck tomorrow.