basl1
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Posts posted by basl1
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bought a fair number of FFH on Monday at 38.00
Today 368.50
Thank you everyone for giving me a book value - that made my buy a no brainer. Heaven knows I can use buys like that
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Have they exposure because of the earthquake?
???
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thanks so much
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Does anyone know where their meeting will be?
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I have an extra hotel room reserved for anyone who wants it.
It's reasonably close
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Are there any board members in AB, Edmonton in particular?
Of course, I live here and love it
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Can anyone tell from the filing the price points he bought these companies at, esp wells fargo and wallmart?
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:o Now that makes a lot more sense. Does the 10Q say anything about Moody's selling?
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Berkshire is selling conocco phillips and buying exon. Is this smart?
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It is better to buy a good company at a fair price than a fair company at a good price
I think critics don't understand the constraints under which Berkshire operates.
The first principle is this: What's good for Berkshire is not necessarily good for others or individual investors. Berkshire is so big that it is seeking investments within a very narrow range of expected return. Seeking certainty and a modest return (more modest than most people would desire) is job #1 at Berkshire. Since it has low to no cost leverage, it can also seek investments yielding as little as 10% per year and it would still yield say 14-15% on shareholder equity. In this context, Burlington is within the Universe of stocks available and Very likely to meet the return expectations required.
For this reason, Berkshire can pay this price that others would not find very appealing. Even Buffet has stated it isn't a bargain, but Berkshire does not need a bargain to achieve its goals. We, or Greenwald, on the other hand do need that and so might choose to pass on the investment.
I can't believe intelligent investors like Greenwald (and even Niall Ferguson was critical of the deal on Charlie Rose) can't see something so obvious.
I
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The synergy in this place is beautiful. Midwest America/ elecrtric power/ his subsiduary that owns railcars, all work well together.
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In Q# Warren invested 2.2b in stocks. Anyone care to speculate which ones?
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Warren also invested in GE. That gives me great assurance. Charlie also loves GE
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Although it may be true that a catastrophe can hit and cash will have to be paid, the fears often exceed the realties, as is shown by Berkshire and its payouts during these events.
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Although I like David, lets hope Warren stays on the scene for years. He's the best, the Wayne Gretzky of the financial industry.
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perhaps this is why we so the exit of Sokol's predecessor
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I believe all of us in the public are contradictions - between our private inner selfs and our carefully constructed public images
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CN did attempt to purchase BN in 1990. Gatz bought a large amount of CN shares a few years ago
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If my memory serves me correctly (and it may not) didn't CNN try to buy BNI a few years back and the deal was scuttled by the government?
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Does anyone care to speculate where Buffett is going with this. Is he planning on selling all shares or simply getting down to a smaller number?
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Warren also said the biggest hedge against inflation is education and personal skills.
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any comments on buys or sells?
Good week at FFH
in Fairfax Financial
Posted
:D was a typo $348 - damn sticky keyboard