RadMan24

I admire your passion. I just don't think he is reckless nor on tilt. I'll keep an open mind though.

It's just because there are limited copies and its no longer in print. However, going to the library is free. Several universities and established libraries have a copy. Or, at least they did 10 years ago.

The articles were a good read. I'll have to spill through your notes in due course, thanks for posting.

Post-pandemic performance:

Meryl Witmer, a Berkshire director who is also on the Barron's roundtable and renowned value stock picker, has in past put forth a thesis on Packaging Corporation of America, and at the time, was a top position of hers. You can read her thesis on Barron's if you dig it up.

Intel is high capex, and will be above historical capex in the future, but in prior times, the Intel strategy of fully depreciating its assets and then moving on to a new node would become difficult in a period of high inflation. TSMC uses its prior nodes for all sorts of chips and that is the strategy Intel is embarking on, which would help it retain earnings power and recoup its investment even during periods of moderate to high inflation. Of course, in order to get to that stage, Intel is at the mercy of current inflation trends, but longer term, the business model should be more adapt than it is today. Nevertheless, it ain't going to be easy navigating inflationary trends, interest rates, economic growth, etc. in a post covid-19 alpha world.

AFR https://www.afr.com/markets/equity-markets/fund-managers-target-unloved-tech-shares-20211203-p59el0 Mr Munger did not provide a stock pick, but did reiterate his support for Costco, the low-cost retailer, which he believes could rival Amazon in online shopping. “I think Costco will eventually be a huge internet player,” he said. “People trust it, they have enormous purchasing power to reduce prices, they’re into very efficient forms of distribution.” Costco’s ability to pass on rising costs to consumers would also insulate the business from sharply rising inflation, which in the US touched the highest level in three decades in October. “The best you can hope for is that the inflation will be slow,” he said. “It makes investment very difficult.”

Do you run a philanthropy foundation? Curious on what real world knowledge you have to make that statement. Moreover, again -- ensuring Berkshire's culture is there post-Warren is not important to you?

I believe those appointments are more to do with maintaining culture at Berkshire along with further diversity of thought. To say Sussie is ridiculous and poor choice is astonishing considering the fees directors receive on other boards that are habitual yes men.

Is it possible to remove the ads and set up a paypal tip jar virtually?? I'd also be down for that -- even if I shoot you $5 every couple of years

Sure, transportation might be a declining source of oil demand, but not petrochemicals.

Don’t forget* he has an opinion on everything and it’s very important that everyone hears about it. *edit (it’s late)

He's not doing any media event till the annual meeting. I presume he's saving any such thoughts for whatever shareholders want to ask him. Besides, we got a hunk of juice from his sidekick Charlie the other day, more than enough to fill the air till May!

Ya'll see this yesterday? https://www.wsj.com/articles/charlie-munger-renews-robinhood-criticism-likens-app-to-racetrack-betting-11614284939?mod=searchresults_pos3&page=1 “I hate this luring of people into engaging in speculative orgies,” Mr. Munger told The Wall Street Journal from his Los Angeles home. Robinhood “may call it investing, but that’s all bullshit.” He added, “It’s really just wild speculation, like casino gambling or racetrack betting. There’s a long history of destructive capitalism, these trading orgies whooped up by the people who profit from them.”

Yea, I don't see how any lawsuit is successful against him. 1.) He's a Legend. and 2.) This whole episode is just entertaining to watch unfold.

Depends. What do you know about Texas infrastructure? Aren't Texan homes made to cool down at night to evade the high heat of the summer? Same with roads? Sure natural gas pipes and other critical parts can address potential freezing problems in the future, but the sparse landscape of Texas makes brining outside electricity an hassle. From the outside, this seems like a perfect storm. I'm sure lots will be learned for such extreme events in the future.

Flying J has been a great investment. I think Buffett wanted to buy PSX, but got rebuffed, was a good investment. XOM was more of a cash holding idea, according to Munger, and it ended up not working due to the drop in oil.

8.6bb investment in Verizon. $4bb in Chevron. That doesn't seem like as good a use of capital as doing buybacks to me. Exactly my sentiment. If I was told I had to choose between owning BRK or VZ+CVX it is not a hard decision. Question Buffett, easy to do. Proven wrong, many have.

Yea, I felt like this might not fit the bill. Sticking with BA lol.

Anyone say DaVita? Looks like that might be the winner. EDIT: "Might be" -- the amended 13D puts stake at 33%, but cites repurchased shares for increase.

BA made a mistake, but that doesn't mean its future isn't bright, someone is going to have to build large structures in space some day. Plus, the odds I'm right are basically 1 in 3000.

BA

He was anonymous on youtube giving investment ideas and working at mass mutual at the same time. Masshole regulator always gets in the way...

So I should sell my silver coins?! As a modest coin collector, I find that hard to do, but if we get some gme action in the silver market and it translates over to the coins, I might dabble with new found wealth lol

This action hero also ran a 4 minute mile. Legend! Dude's definitely going to get a movie one day. "The Big Short Squeeze"