adesigar

How many of those were Lou Simpson?

We have had a couple of auto claims and for the house we had a claim because of a water leak. No issues with the claim. All the claims were when company used to be Ameriprise(American Express). It was acquired by AmFam a few years ago. We have not had any claims since it was acquired though.

I’ve got insurance through Costco for 15+ years. Tried to find cheaper rates every few years or so and have given up. No one has been able match the rate we get.

In my opinion he got off easy and should have served jail time.

Pain level - 0. Down about 8-10%. Went into BRK and Cash in 2021. Now at 80% invested. Buying more every week and hoping for lower prices on BRK, COST, META, KWEB, DIS, JOE, Banks. Strong USD is also making international stocks very attractive.

Only guess would be bear market rally. I was hoping to buy more today and was out when the stocks dropped early. By the time I got back home everything had rocketed. :(. I've started buying individual companies last few weeks but am hoping for a drop to get companies I like at cheaper prices.

I don't get the complaints about the drop in the S&P. The only reason the S&P rose to 4800 was because the fed had low interest rates. The fed giveth and the fed taketh away. Market is not even back to pre Covid levels.

He didn't say warrants are worth 5 billion. He said if Berkshire exercised the warrants the shares Berkshire would end up with would be worth 5 Billion.

From the 1Q report Number of shares of common stock outstanding as of April 20, 2022: Class A — 613,707 Class B — 1,285,751,332 From the 2Q report Number of shares of common stock outstanding as of July 26, 2022: Class A — 599,924 Class B — 1,301,126,370 edit nvm I figured out my mistake.

Maybe my numbers are wrong but was it a 10 billion buyback in the last 3 months. Actually mostly in the last month or so

Recently went to India to see family. Stopped by London on the way back. No vacation home. Repeats/Favorites are Goa, Paris, Munich and the surrounding area, Hawaii. Must see places we haven't been to yet are North America - Yellowstone and Canadian Rockies via Rocky Mountaineer Train International - Italy, Spain, Japan, Egypt, Ngorongoro. If Cruising along the pacific side in September we found the Mexico cruise boring. Alaska cruise was soooo much better.

From the BRK Annual and Quarterly reports "Berkshire’s common stock repurchase program permits Berkshire to repurchase its Class A and Class B shares any time that Warren Buffett, Berkshire’s Chairman of the Board and Chief Executive Officer, and Charlie Munger, Vice Chairman of the Board, believe that the repurchase price is below Berkshire’s intrinsic value, conservatively determined." Buffett was buying back shares at $455K/A in Jan, $475K/A in Feb and $485k/A in March. I think Fair value of BRK is closer to $600K/A

In my area 1 house sold for 1M a few months ago. Now a nearly identical house (same floor plan, similar upgrades etc) has been on market for 50 days and price has been “reduced” to 950k and no takers.

I dont think Buffett will go below 70 Billion in Cash. I think we might be at 85-90 Billion by end of the month.

Added to JOE and BRK.B

A little PSH.

Don’t you mean awesome.

I think I get what Gregmal is saying. The current inflation is hurting the big companies and rich shareholders but is helping the average workers. A big part of the inflation is wage increases because of the extremely low unemployment and high no of job openings. This is good for middle class workers because companies have to pay more and the Fed Reserve is trying to destroy it by raising rates which will cause companies to fire people and increase unemployment to bring down inflation.

Yes I said $10 in taxes for its shock effect. No I don't think there is even a remote chance it will happen. The populists in both parties would raise hell. I want US to close the gap it has with some of the Western European nations when it comes to Obesity and Healthcare costs. Its taking up 20% of US GDP. I want excellent public transport so people NEED to have a car. Then how will high fuel prices affect people? I want the infrastructure to not need constant repairs because of heavy usage. And i agree that we need to fossil fuels for fertilizer so why is it being wasted. We can drive using solar and hydrogen we cant use it to grow our crops. The US should save our fossil fuels for our food and health products and other items where there is no alternative and not waste it on cars. That why I specified taxing only Petrol/Diesel. If it causes demand destruction for Oil so dictators and terrorists don't have the money to do anything that would be great. As for Global Warming here's how I look at it. If someone gave you a gun with 1000 chambers and a single bullet in one of the chambers and said pull the trigger for a million dollars there's just a 1/1000 chance you will destroy your kids/grandkids future. Would you do it? What if it was a 1 in a Billion chance then would you? Im guessing the answer from everyone reading this would be NO. So if there's even a 1/1000 chance that we end up destroying the planet how is ANYONE comfortable with taking that chance?

Like I said billions of people earn less and pay more and do more than absolutely fine. Some people just parrot the drivel they hear on Faux News.

Guess what people in 3rd world countries earning a fraction get by with paying more for Gas than people in the US. Tax the gas in the US to force alternatives and you solve Americas obesity, healthcare expenses, noise and air pollution, public transport, infrastructure issues, dependence on foreign oil, funding of countries like Venezuela, Russia, Middle East who rely on petroleum revenue and yes also reduction in greenhouse gases.

I think there should be a minimum $10 per gallon tax on petrol/diesel. That would solve a lot of US problems in just a few years. But the Climate change is fake news morons will rather burn the planet before giving up their gas guzzlers.

No way to tell what Buffett did with the market drop. He could have spent anywhere from 5-50+ Billion on stocks/Buybacks. He was buying AAPL at 150 and BRK at 320. My best guess is Stocks + Cash is down by about $55B which is about 10%. Last book value was $230 per B share so new book value is probably about $207. So I think BRK is trading at about 1.47x BV.

Powells confirmation went through so maybe he will take the kid gloves off and increase rates by 1% at the next meeting. Probably wont happen but that would be great.

BRK.A and BRK.B