adesigar
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Posts posted by adesigar
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4 hours ago, Libs said:
What properties would it have that bitcoin lacks?
The property to actually use it for transactions since Bitcoin SUCKS at it. Even after the TapRoot upgrade its not much better.
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55 minutes ago, TwoCitiesCapital said:
+1
Bitcoin ISN'T great for criminal activity.
Also, makes you wonder why these guys don't use hardware wallets? Or were these voluntarily forfeited?
No idea, but if this keeps happening then in a few years the US Government might end up being one of the biggest hodlers of crypto. -
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5 minutes ago, gfp said:
Apple has gone and hit a new all time high today. Berkshire's 907.42 million shares are worth more than $143 Billion (pretax) this afternoon.
and UNP recently crossed 150 Billion Market Cap.
Cash(150B) + Stock holdings(333B) + BNSF(150B) = BRK(630B) the rest of the BRK businesses are free.
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2 hours ago, rkbabang said:
Don't worry the same people will be on the same sides, saying the same things, in 2031 when Bitcoin is trading at $1M-$5M each and still has nothing backing it. LOL
Its true. I didn't see any value in it before and I still don't and probably never will (although it would have been nice to buy in the teens and sell now). BTC to me is similar to the paper used to print dollars. It has a use to transfer money and keep records but I don't see the digital gold. The tech is interesting but BTC is just an implementation and not a very good one at that. The 10 Min block time and 1MB Block size makes it inefficient unless its used for infrequent and large transactions like real estate purchases. As for the trust aspect How many nodes are there? less than 100000 I believe. With a database size that's less than a terabyte. So it would cost maybe 100,000 x $500 = $50 million to buy enough computer hardware to get to a size where someone could control the 1Trillion market cap of BTC. Most large governments could set that up in a short period(China could set it up in a weekend). I'm sorry but it just has so many issues for me.
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3 minutes ago, rkbabang said:
Yes, and tulip bulbs still have value. You can buy them at your local garden center today.
Prices go up and down on most things, and bubbles happen from time to time.
Also the story you are referring to is more urban legend than history.
https://cunninghamjeff.medium.com/the-dutch-tulip-mania-that-never-happened-85dd0b18066a
The local garden center wont take BTC or Green Bay Packer certs :(. Both are useless and worthless.
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Weren't tulip bulbs in demand because people wanted to own them?
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Even if the next 6 months rate drops to zero it’s better than any savings account.
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Also if I remember correctly you get the interest for the full month even if you buy at the end of the month.
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Schiller PE hit 40
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The moment Munger said the artificial window is better than a real window you know he is just trying to justify his stupid design. The rest of the dorm design may be amazing but on that point he is just being stubborn and asinine.
Edit: He made a mistake in his previous design (which he would have defended like he is doing now) and after the complaints he is trying to fix it in this one with the artificial windows. The next version will have real windows.
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7 hours ago, LearningMachine said:
How has the general market been doing in your area in terms of price/sqft, etc. for similar houses between Zillow's purchase date and now?
Market has been mostly flat here for the last couple of months compared to the crazy months earlier this year.
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6 hours ago, Parsad said:
From what I understand, something was wrong with the algorithm they were using to evaluate purchases and were overpaying for the homes. Not sure by how much overall, but I believe I read 10% in some cases in another article. Cheers!
I checked the houses they bought around my area. Zillow seems to have paid anywhere from market prices to 5-10% over market price for most homes I saw. Asking price for some houses are now $25k below what Zillow paid. -
Haven’t ordered from them but these sites seem to be the best chance of getting authentic ones
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1 hour ago, Parsad said:
In my 50 years of eating mangoes, this has never happened to me once...perhaps, because I live in frigid Canada! Is this a naturopathic anecdote/symptom?
Or is it like that episode of Seinfeld where George eats a mango, and his testosterone jumps ending his short-term impotence! Cheers!
We used to eat them in India during summer and relatives have mango orchards so we used to get crates of them. Daily 3-5 mangoes. If you don’t soak them you ended up with heat boils.
When we vacationed at the orchard the trick to finding the perfectly ripe mango for a quick snack was to watch the squirrels. They let you to the juiciest mangoes.
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If you want the best of the best you need to get Devgad Hapus. There is no comparison. They will only be available in April and May. They are faked a lot usually using other Mangoes from Ratnagiri so very difficult to know if you will get authentic ones here. I've only managed to get it twice in the US in the last 20 years and it wasn't as good because the taste is affected by the irradiation and temperature controls. Also only way to guarantee authentic is to find a site that take preorders for next year and specifies a window in which they will be made available.
Btw if you plan to eat a lot of mangoes, soak them in water for a while before eating otherwise they increase body heat.
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I’d rather have honest people who genuinely care about the company than worthless incompetent big names similar to the board of directors of Theranos.
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Susan Buffett and Christopher Davis added to the board of directors
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Don't know why share repurchases would have reduced. Of the 6 Billion in 2nd Quarter purchases, 3.5 Billion was done in June at an average of $280 per B share. He was even buying in May at $286 per B share.
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16 hours ago, maxthetrade said:
No question, BRK is pretty cheap again on P/BV, I have real time BV at $217, P/BV at 1.3. Short term pretty oversold, good time to add if you haven't as much exposure as you want.
And that’s after the buyback. Without the buyback P/BV would be even lower. -
At 80% of benefits won’t US Social security still pay out more than Canada’s CPP?
What’s better in Canada is healthcare costs.
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1 hour ago, gfp said:
Buffett has talked about it a bit back in 2015-2016. Lubrizol had/has a fine core business but a few years after Berkshire bought them they made a bad bolt-on acquisition. I don't remember which one it was, but it wasn't the Phillips 66 spin-out, which is called Liquidpower specialty and might be technically under Lubrizol's management.
Whatever the bad acquisition was, Buffett/Lubrizol sold it within a few years and took a $365 million loss.
Then, of course, this year we had a contractor on a scissor lift bust a mineral oil pipe in the ceiling of the Chemtool plant in Rockton Illinois and it created a huge mess when it ignited. (Chemtool is a grease subsidiary of Lubrizol). I don't know what lead to Abel making a change at the top, but it could be the way the Chemtool disaster was handled or it could just be general underperformance form Lubrizol over a long period of time. Abel has a lot of the Sokol school in him - continuous improvement, "pleased but not satisfied..."
You could say Lubrizol, Precision Castparts and Kraft were all mistakes he overpaid for and yet Berkshire as a whole has continued to do very well despite these very material screw-ups.
It was the purchase from Weatherford.
Accidents happen. 2 years ago there was the fire at the location in France and another Berkshire Hathaway insurance company was the insurer for Lubrizol.
Buyback Information?
in Berkshire Hathaway
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Not even close to Teledyne.
If Buffett made a tender offer and bought back $100-$150 Billion of BRK shares and financed it with low interest loans. Then you can compare it to Teledyne.