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karthikpm

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Everything posted by karthikpm

  1. Thanks, that worked ! Looks like Barron's had a similar piece as well .
  2. That's a good analysis. Do you consider Berkshire return regulated due to energy and insurance ? Insurance has always been a big part of their portfolio. BHE is a good example of reinvestment of excess capital. I am more worried about a lot of their smaller businesses and how they will survive a prolonged downturn.
  3. I saw that.. little troubling for me .
  4. Bill Gates was on Zakaria's show and he had a lot more skepticism about the economy getting back to Precovid days anytime soon This may be a big factor in why BRK is not doing much of anything at this time
  5. India's probably underreporting and undertesting only 1/3 of deaths in India are certified However, they're up to 30 cases now Lots of panic in Delhi. schools are closed etc ( may be all rioting related )
  6. Catalyst, unfortunately, may be the death of either Munger or Buffett. I think there will a lot more pressure on the successors to do something with this hoard of cash
  7. I doubt they're going to find large holders willing to sell. The large holders are all groupies or devotees and are waiting for someone else to sell. How many on this board will sell their shares ?
  8. Pretty decent read If it's hard to beat the index, may be harder to beat these "algorithms".. wonder what this means for the individual stock picker
  9. https://www.barrons.com/articles/warren-buffett-berkshire-hathaway-annual-meeting-51556318055
  10. The Barron's article & Jain's purchase probably caused the bump
  11. Nice write up BPS has outperformed SP in recent years, and book value is significantly lower than IV With the current buyback in place , I think BRK is in a better position than it was in 1998
  12. +1.. not a brutal run up at all given how wide the discount is
  13. https://www.marketwatch.com/story/breaking-up-berkshire-hathaway-may-be-the-best-idea-in-a-post-buffett-world-2018-06-26 Maybe this is a sign it's cheap
  14. I sure they will catch on soon ! But thanks in the meantime
  15. +1 I liked the part about the irony of 40,000 contrarians at Berkshire AGM :D
  16. I worry that they are bullish at the wrong time ( market and valuation at highs). I think their portfolio of companies and operating performance is better than their earlier years, but their investing performance has been sub par .
  17. None of the above. I agree with DCG that there are several other businesses that are more predictable and superior businesses. As Warren says, "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
  18. I thought it was worth a 5 page essay. Not worth spending your time to read past chapter 1
  19. https://www.cnbc.com/video/2017/11/13/robert-shiller-on-what-worries-him-about-passive-investing.html?__source=cnbcembedplayer
  20. From the release Book value per basic share at September 30, 2017 was $415.48 compared to $367.40 at December 31, 2016 (an increase of 15.4% adjusted for the $10 per common share dividend paid in the first quarter of 2017).
  21. The overall insurance space is benefiting from benign cats and benign loss cost inflation. It's hard to generate great returns going forward unless they are able to maintain higher quality insurance operations ( their insurance operations & quality is better in the last decade ) and stop acting defensively and buy higher quality names.Bonds with a subpar insurance operation will not get to the stated 15% rate of return
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