CassiusKing1

Good post. I agree. With the amount of cash that has been freed up and how long Greg has been able to sit next to and learn from WEB I'm positive things will be fine. My biggest concern is who will be taking over for Ajit. That's kind of the motor behind this whole thing. Hopefully he has had his own "Greg" sitting aside him as well these last few years!

Man do I miss Charlie.

I have a very substantial position in BRK, ~70%. Entirely in tax deferred. I'll monitor the situation closely and reevaluate. I think WEB's recent moves are setting up for a smooth transition to Greg. I have faith in Greg managing the different subsidiaries, I'm less confident in who will be there to make the Japanese Yen/Trading Houses investments. I envision a BRK future where there is a lot more focus on the subs and bolt-ons and then again it could be a dividend king. Time will tell.

Very cool. Thanks for posting @DooDiligence!

Acquiring Markel could make sense in adding Thomas Gayner to the BRK fold. He could help run the insurance business as well as with cash allocation. Hmmm.

The Apple position while a good investment, did start to bother me a bit due to its size. It had become 25-30% of Berkshire's total value. I was becoming uncomfortable with 25-30% of my company being completely out of my control. It's not like a wholly owned sub where WEB calls the shots. It was a vulnerability that needed to be drawn back under control, IMO. It was/is a great investment, dial back your risk as you're getting ready to hand over control to Greg.

Warren still has it. Still a step ahead of everyone else!

My concern is that as the share buybacks continue, the A shares are being diminished. I'd expect the price spread between A and B shares to continue to grow. One A share is equivalent to 1,500 B shares, but the B shares have 1/10,000 the voting power of the A. As less and less A shares are available, that spread will continue to grow and power will more easily be available to get. So WEB and Greg will have to continue to buy A shares to minimize them so that the B share equivalent can somewhat match them voting weight wise.

I think the recent stock price movement has gotten misaligned with the underlying business. I've traded BRK many times in the past and I think I'll be able to buy it back lower than $460 in the next six months. BRK will always be a holding in my portfolio. It was 70% of my portfolio prior to this sale due to overall market valuation and no better opportunities.

And here we go again today! Sold 1/3 of my BRK position. Thinking about selling more.

Lot of folks using BRK as a cash alternative. It'll most likely trickle back down in price to the 420 range.

Keeping it old skool.

Tyler Childers. Lot's of Tyler Childers, lol.

Fantastic, thanks for sharing.

Hopefully Warren is revving up the buyback machine.

I have nothing to add to the topic other than to say @longterminvestor you have the best avatar of all time. I sill laugh at that clip to this day,lol!

Add on top of this the California Wildfire litigation. A company flush with cash has become a target. I've trimmed my Brk holding due to this new era. Sad.

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!