basl1

this is a longterm holding, like berkshire.

Did this report give any idea of new berkshire purchases?

Does anyone care to comment on berkshires numbers? Anyone buyinhg? Selling?

sometime, soon, investors will be saying this is self evident. For now, I'm buying, as much as I can

What is HRP_D and why do you like it? ???

that's why I bought moretoday, even buying 2k for my new grandaughters RESP One chap told me he bought brk 25 years ago, putting in a few thousand. Paid for the child's university The magic of compound interest

To Buffet all investments are bonds paying a certain amount. All must compare with thee standard 20 year bond. These were paying next to nothing. A 20% guaranteed is better than most companies

Geez. maybe I shouldn't have sold my shares. ???

Again, speculation is not required (generally)... the 13HR form states what subsidiaries of BRK own which stocks. GEICO is listed. Clearly there would be overlap, but you can see who owns what. See "Other managers". GEICO owns NRG... I'll stop slapping you now... Ben thanks

This sure is a small investment for brk. It confuses and perplexes me. Surely, more could have been bought and Midwest could be a buyer rather than EXC.

I believe that it was to fellows like this that Buffet stated, "You don't need an IQ of 150 to invest. If you do - ngive points away

David Sokol spoke at the 2008 meeting regarding the Klotkut Indian problems and the poisoning of lakes by algae. He solved the problem over the next year. He seems to be a capable leader and I think hw lives in Omaha.

They may grasp it, but prefer burocracy. The more pigs at a trough, the better

http://www.gurufocus.com/news.php?id=56749

Ok - that explains that. Now, did he report the purchases he made?

Does anyone know if berkshire has sold it's entire conocco phillips investment? does anyone know the purchases he's made in the quarter? ???

The Brick has made its way through several recessions. They survived and thrived in 82-83, gobbling market share. The banks have a great relationship with the brick. FFh and Bill Comry at taking up most of this offering, and only 25 million is being offered to the general public. Certainly, there is some risk. This is a bet on management.

At the Berkshire meeting, WEB stated newspaper groups are not worth buying at any price

Here it is more properly stated TORONTO, ONTARIO -- (Marketwire) -- 05/07/09 -- Fairfax Financial Holdings Limited (TSX: FFH)(NYSE: FFH) announced today that it has agreed to acquire on a private placement basis, through its subsidiaries, $40 million of debt units (the "Debt Units") to be issued by The Brick Group Income Fund (the "Brick"). The private placement is part of a larger recapitalization transaction by the Brick which includes an offering of $110 million of Debt Units, consisting of $85 million of Debt Units via private placement and $25 million of Debt Units via a public offering (the "Public Offering"). Each Debt Unit consists of $1,000 principal amount of 12% senior secured debentures maturing May 30, 2014 and 1,000 warrants. Each warrant entitles the holder to purchase one Class A unit of the Brick at any time prior to 5:00 p.m. (Eastern time) on May 27, 2014 at an exercise price of $1.00 per Class A Unit, subject to certain anti-dilution adjustments. In addition to the private placement, Fairfax has agreed to provide a stand-by commitment to purchase the Debt Units offered under the Public Offering that are not acquired by public investors in exchange for a fee. Assuming full exercise of the warrants to be acquired under the private placement by Fairfax (and no exercise of warrants by other holders), Fairfax's total holdings in the Brick will be 48,380,200 Class A Units or approximately 51.37% of the total Class A units outstanding. The Debt Units are being purchased for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional units of The Brick Group Income Fund from time to time in accordance with applicable laws. Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

Today the brick is offering a debenture for 25 million paying 12% for 5 years. It also is offering the possibility of buying the share at $1.00 in the future. It is being co-ofered by Bill Comry, owner of the brick and Fairfax. It's for only 25 million. I'm not sure if I can get in, but have requested so. 's only available to those who own brick shares)

I was very impressed by this car at the Berkshire meeting Well worth pursuing. Anyone with more thoughts on how to buy shares?

Grenville Great notes. Thx

Buffett highly recommended people interested in an overview of the mess, to read Jamie Diamond’s annual letter (JP Morgan Chase). I second his recommendation. It is a wonderful letter that I will highlight in a later article. Does anyone have a link for this letter? I've tried to find it but cannot

No problem. It's an honor to be on your board with such bright people.

No that was not reported