ValueMaven

So sad - this is a huge negative for Netjets! Even still they have world-class safety

Who are the most shareholder friendly management teams? I'll start: HEICO

we just literally put $20B to work in 24hours. Not bad!

Yes

Anyone hear from, or anything about Joe Brandon at all at the Annual Meeting?

give me a break ... people are now literally debating the meaning of single words in this article? Probably vs. Almost Certainly? If you really think this matters - then you shouldnt own Berkshire.

Brooks Running is absolutely booming. I am a huge runner myself - for a long-time Brooks was considered super niche, and not really performance based. Over the last several years they have really upgraded the product-line, stolen share from Nike, and signed some HUGE athletes (top American runner Clayton Young recently btw). Ohio Capital recently posted on X, that he thought Brooks was one of Berkshire's best acquisitions ever.

@rogermunibond thank you for sharing!!

What do people know about Tokio Marine? I for one know almost nothing.

Buffett has already said that Berkshire doesnt want to acquire OXY. Why would this change? OxyChem was the perfect acquisition and we still have those sweet 8% preferreds. I could see something like HEICO, or something in the industrial gas complex. IR could be very interesting. Also thought that LNG could be possible - but its moved hard recently. I believe they co-manage some terminals with BHE as well.

You have a company that is generating ~$45B+ of operating income w/$350B+ of cash. With cash accumulating so rapidly, buybacks at current level makes sense. T-Bills are generating like $10-$12B a year of NII. I think that is a good assumption going forward. I for one want BRK to always have a lot of cash for distressed optionality. OxyChem deal was awesome and really highlights how quickly we can move. I'd rather lots of quality bolt-ons like OxyChem, Bell etc, vs. one large elephant.

'We paid $4.2 billion for Allied World in 2017. Since then, under Lou Iglesias’s outstanding leadership, they have earned $4.8 billion' !!!!!!!!!!!

Mr. Abel is such the right leader for this next chapter. The next 20+ years under him are going to be awesome. His segment on using his full salary to buy Berkshire was truly amazing.

https://www.berkshirehathaway.com/letters/2025ltr.pdf link doesnt work ** NOW IT DOES *** they posted the 2024 letter instead of 2025

Is anyone interested in KW as an arb spread? You collect $0.10 plus $0.24 in rather short-order. No position - but worth watching if you get a shot at like $10.70 or so.