ValueMaven

1.4x BV on a BV that is CLEARLY massively understated ... hmmm ... also how about a biz that is generating a durable $25B+ in Operating Earnings. @RiskAdjReturn Try again...

Call it 1.4x B.V. give or take a touch ... seems fairly reasonable

Neither one has worked at Berkshire for 14 years - so not sure what you are referencing here...

Todd and Ted are mentioned as managing about $32B in total

wow Greg Abel has his own letter starting at A3 in the 10K

Yes - buybacks have slowed materially. Warren suggested as much in the letter. OXY preferred was written up and is now carried north of $700M profit. Im still working my way through...interesting story on TTI and BNSF...I didnt know that!

'BH Energy worth perhaps $90B and $140B EV'

This made my day. Thanks!

Let's get this started. 1 week away. Hoping for another quarter with a decent amount of share buyback. I would expect comments on the state of the economy, inflation, and the strength of the operating businesses. Really interested in seeing managements buyback activity/price levels. I actually like to look at the 10K first and then read the letter.

Likewise! Should be any day now really. Looking forward to the Berkshire update he generally provides

I wonder if BHE has been selling BYD - given DJCO has been selling it ... the realized gain in BYD for BHE has been massive

May-22 reset rate is looking to be well north of 5%. Right now you are at 4.98% with TWO months left. Looks to be in the 6%+ range or higher.

How about Fairfax vs. Markel?

Well said @Parsad !!!

Let me ask this - over the next DECADE - would you rather own: Berkshire, Markel, or Fairfax?? I know my answer!! -- you can only pick ONE Berkshire hands down...

Good article - but nothing new here to long-time shareholders and students of the company. Actually this is an awesome asset for Berkshire. I really wish BHE monetize the BYD stake --- but that is just me

fyi - was able to get my hands on the full letter. It's floating around now if you look

Could anyone see Berkshire acquiring CLX? The stock has been cut in HALF and is now only ~$17B market cap company. We know how much Buffett loves brands - and the business throws off a ton of cash. That said - he has mentioned with regards to Kraft he has been surprised and how quickly the consumers preference for some brands has changed.

Apple is cheap - no way he did that. People still fail to understand the power of the ecosystem and the upgrade cycle. They are innovating AND giving cash back to shareholders.

Looks like a deep freeze might hit Texas. Does anyone know the status of BHE's $10B CAPEX proposal to the state?

American Express had a total blow-out quarter. They are buying back a ton of stock AND raising the dividend aggressively. If you have to think what this might look like in 5-10 years for Berkshire given the current pace of the buybacks...and that Berkshire owns north of 18% of AXP o/s

I Bonds! CPI for December was up 7.1% year over year… and 0.3% month over month.

They need to move this business out of BHE and into MSR!!

CPI comes out on Wednesday. The first two months are already running at 2.66% annualized. The May rate might be 6-7% again

The person at headquarters is more of a trader who executes for Warren vs. an investment manger specifically. I believe Snowball is the source on this one