CassiusKing1

Got a room booked. Wife and I will be in Omaha from Thursday thru Sunday. Hopefully there are some wonderful tributes to Charlie all weekend!

ARK's only defense mechanism is to DOUBLE DOWN, lol

You better know and truly realize what your circle of competence really is. It doesn't take much. Getting to truly understand the ins and outs of a few great companies will do.

Didn't Warren teach us this lesson at the 2021 AGM. https://www.cnbc.com/2021/05/03/investing-lessons-from-warren-buffett-at-berkshire-hathaway-meeting.html

Good post. I think there will be plenty of opportunity in Energy. They'll continue to be a player in that area. And, unfortunately, I'm 100% confident in mankind mucking up the markets again and BRK being there with it's fortress cash to be lender of last resort. History doesn't repeat, but it sure the hell rhymes, lol. I hope, for Greg Able's sake, that his patience in waiting for a fat pitch is viewed in the same lens as Warren and not seen as not being able to allocate cash and make deals.

Nice price movement for the first couple trading days of the year.

Neither. Most of what is in Berkshire right now are great businesses, AND Greg Abel and crew are FAR from idiots. Most of what Warren and Charlie did was read all day and wait for a fat pitch. The obvious. I'm certain that this crew can do the same. Their biggest error would be to try to do too much. Berkshire is built to run itself, Greg just needs to be patient and wait for the no brainer.

Merry Christmas to all. Thank you Sanjeev for this amazing community!

What are the scenarios? Berkshire continues on as is. Cannot deploy cash, pays dividend Activist investor, new owners breakup company Company starts to be mismanaged. In all scenarios aside from the last, you're pretty much okay. We all know this company well enough to know when to buy/hold/sell. I buy/hold for the first two, monitor the third and move my money on the last.

Excellent Interview! Thanks for posting @spartansaver!

All I can do is think of the 2022 Berk Shareholders Meeting Film. The Breaking Bad skit, where at the end Charlie leans back in his office chair wearing a jacket covered in dollar signs and says: "Brittle, bitches!" Always brings a smile to my face. The man was so much. Investor, lawyer, architect, constant learner, etc. I will continue to learn from him for the remainder of my life. RIP Charlie!

Haslam has always been a pill popping, alcoholic, train wreck. Hard to not know what you're dealing with here. Buffett, needs to back out of the entire deal, give Haslam his company back and then WEB can go BUY Bucee's! LOL.

As Smart as Warren is, he's able to "understand" tech. What they do, why, etc. But what he is not comfortable with is the moat. How long will this tech company be on top. In tech it's much easier to be a disrupter than it is with Railroads, Utilities, etc. Sure, Warren may understand Facebook, but who can confidently say that in 5-10 years they will remain dominant. With AAPL, it's a very sticky product and folks will not give up their iPhone, so he became comfortable investing knowing he has a bit of a runway to do so. Cheers!

Apple is also sending Omaha almost a billion a year in dividends. Not too shabby.

Thanks for the link DooDiligence!