redhots

https://finance.yahoo.com/news/berkshire-hathaway-amends-share-repurchase-220400739.html

You can assume its BYD by comparing the fair values in the 2015 and 2016 10-K and see that they closely align with BYD share price. From the latest 10-K So we know they spent $5,013,000 since the cost went up. If you look at end price and it is in fact BYD then they bought 929,224 shares at $5.39 a share. It looks like purchased those around Dec 2016/Jan 2017. (just looking at closing prices). So an increase of 19%. BYD is 25% of their portfolio as of 9/30/2017.

Ask about BYD! (They bought more in 2017) How will all of the EV competition effect BYD? Is their vertical integration a competitive advantage? Can they be the low cost producer?

Merry Christmas all! Love the community. Keep it up!

Technical Error Blocks Fidelity Customers from Online Accounts https://blogs.wsj.com/moneybeat/2017/11/29/technical-error-blocks-fidelity-customers-from-online-accounts/

Parsad, are you still going to post your annual report?

Nice discussion on low volatility here. http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/a-2q-letter/msg305614/?topicseen#msg305614 Anyone looking at hedging at this point?

Congrats Packer on the new fund! http://www.prnewswire.com/news-releases/keith-smith-and-willow-oak-asset-management-announce-the-launch-of-the-bonhoeffer-fund-300487909.html https://bonhoeffercapital.com/

Very cool. Thanks for sharing. Looking forward to reading this.

I don't know. I am thinking great economics that the business can maintain for a long time and then just sit on my ass. Munger was quoted as saying.

Warren Buffett recently had a meeting with MBA students in which he stated the following. https://blogs.rhsmith.umd.edu/davidkass/ What would be your 4 stock portfolio and why?

Wow. My spidey sense is off the charts with him as well.

http://www.berkshirehathaway.com/2009ar/2009ar.pdf 225,000,000 shares at a cost of $232 million.

Yes thanks so much for your insight Merkhet and Cherzeca. Super educational.

Here is the audio.

About 1/2 way down this page there are pretty good notes from Adam Blum. http://www.valuewalk.com/2016/02/2016-daily-journal-corporation-meeting-munger-notes/?all=1

I just tried to log in and I get a blank page after I am authenticated. It appears to be a bug on their site.

I tried my first Russell Brew on my trip to Whistler. Brought back a couple of six packs. Yum.

Washington Post: Here’s how much a self-driving car could save you on car insurance http://www.washingtonpost.com/blogs/innovations/wp/2015/07/17/heres-how-much-a-self-driving-car-could-save-you-on-car-insurance/?tid=sm_tw Most of the cost savings from self-driving cars come from the expected near elimination of accidental collisions (we used a 90 percent reduction figure).

What is the best way to find a snapshot about company's debt. Is it selling for par? Is it investment-grade? What are the terms? What are the best (inexpensive) subscription tools to research debt? Is it easy for an individual investor to buy corporate debt? Distressed debt? Any books/primers that are a must read?

According to this Munger bought BAC at around $5 or $6? --> Q4 2011. No? http://www.valuewalk.com/2013/09/charlie-munger-daily-journal/

I was wondering the same thing. Anyone have any insight here?

This in Seattle. My goal was to make money on the monthly income assuming I could keep it rented out and have some money left over for maintenance and vacancy. I want to keep it long term and I hope for appreciation. The first house I bought was $280,000. Interest rate is 4.25%. (going rates were ~3.9%...) The HomePath properties could be bought with only 10% down so I borrowed 90% and since they are coming from Fannie there isn't any mortgage insurance. I pay ~$1500 a month for principal, interest, taxes, insurance (PITI) and I started renting it for $1950. (now $2100). When I first looked at rentals the monthly couldn't cover the PITI. I don't want to put additional money in on a monthly basis. The house was in pretty good shape. I did some cosmetic work myself and hired people to help get it rented.

In 2012, Buffett talked about buying single family homes. That resonated with me. I looked at real estate 10 years ago and couldn't make the numbers work. So I found a Realtor and looked around. Real estate was down, rates were low, and the numbers worked. So I bought a couple of rental properties that are within a 1/2 hour of my home (Fannie's HomePath properties that were in foreclosure). I liked the idea of borrowing at low rates for 30 years.

Great questions! I am interested too!