John Hjorth

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.

<Off topic> Here, I just want to express my appreciation to your - to me - allways well thought out - bordering to being philosophical - posts, Cigarbutt. Thank you, and please keep them coming. </Off topic>

Hell bent going forward. I have to love it! [: -) ]

That's OK for my part, Nebraska, All the best to you with this investment. I was not trying to be condecending here. The rest can go to the particular topic in the Investment Ideas forum.

Stock has been on a tear before today. To me, it is just a sign that Mr. Market is coming to his senses re: relative valuation of Berkshire versus the darlings of the day. Or even the Snp. Maybe this is a sign of the two way correction ;) There are many around here who have been scratching their heads over the relative under-valuation for some time now. There is much more room for Berkshire to run. Even after the run up, using a BV of $200k per A, likely over the next few qtrs, we are still in the <1.5x territory. I like it and I don't like it as I have some buying left to do. Right now, Valuehalla is - because of currency movements - down 12.33 per cent on Berkshire, alone based on currency movements, this year, I'm - because of currency movements - down 10.91 per cent on Berkshire, alone based on currency movements, this year, Neither of us whine on here.

Why not? Everything has a chance to go to zero. Your post does not qualify, Nebraska.

A belated happy birthday to you, Seth.

lol, I don't have clue, writser, I don't consider my self a gambler. I have a hunch about where to start, though, to find the answer, for Danish citizens. I considered Danish tax law just soo dull at the university - I had absolutely no clue about what to do with that dull stuff then - just soo boring. I remember my tax professor in the first lesson telling all us students: "The Danish tax system is basically based on the ground principle of the ability of the entity to pay taxes. Now, that took me less than 30 secs to teach you that. The rest of this course, we will focus on all the exemptions." I also remember that the tax text book had a separate section about "random earnings", as some kind of residual section [outside the whole "logical" tax system], picking up a desription of how "all the rest" is taxed, such as gains on lottery tickets, income from prostitution and such. - - - o 0 o - - - I mean, isen't any order intake in any business - at least to some extent - random?

A couple of months ago, I did some search for a pair of new swimming trunks. I ended up on swimsuitsforall.com, somehow. Since then I have been flooded with ads from Gaby Fresh here on CoBF. Now that is quite demanding about staying focused while reading. She hasen't pulled me to the buttom yet, though. Perhaps I should send her my cookie.

Thank you, Jurgis. Unfortunately I have missed Dough's post while reading. Edit: I have now read the webpage linked to by Dough - that's straight out crazy. Ignorance taken to fifth power.

Thank you for sharing your experience, LongHaul, You post is a mind bogling read. My hairline in the neck is bristling. It reads as "normal stuctures" and activities in society and dailyday life basically has totally collapsed, locally. If you have the surplus to respond now I would really like to read : Your take on how did this end up being so bad for the City of Houston? [i know, it's far, far from over yet.] Has there been something wrong with the urban planning for the city? [in clear hind sight.] What is your personal take on the political consequenses [planning of countermeasures for similar situations for the future etc.] of this situation right now? - - - o 0 o - - - Please, by all means, just take your time, if now is not the time to respond because of more important matters. Thank you in advance.

Please note Pete's discussion basis here, thank you. [: - ) ]

Started a small position today in SPKSJF.CPH [sparekassen Sjælland-Fyn A/S]. You'll most likely not be able to find a Danish bank stock more dull. Absolutely no rock'n roll here, extremely conservative also. Most likely nobody know about it or even care about it. Dust and spiders web all over it. IPO'ed in December 2015 with no fuzz. Hill-Billy bank in the outskirts and in the middle of nowhere here in Denmark on the islands Sealand and Funen. Totally out of favor at investors. Thus relatively cheap. A hazzle to buy because of low liquidity and a market maker [sydbank A/S] trying to screw you. And unfortunately no financials available in English, as far as I can see.

Great discussion, based on that not any of you have actually read the book.

All the best to you, Lance.

writser, -To me, you really need to do some work on your board appearance. We don't buy it any longer, you calling your self "I'm a poor guy, basically doing nothing". You seem to me to be everywhere where there is rock'n roll and blood in the street, and always walking away with a nice gain in a very short time. Now, that boxing bet tops it all. [How is that taxed at your place, by the way?] - Good that you had fun, too! [ : - ) ]