ValueMaven

Cant wait to get our dividend tmrw! I am reinvesting right back into FFH Sincerely, VM

You now have much improved underwriting at FFH from Allied...who knows how that transitions in 2018, but Allied was such a SMART acquisition for FFH honestly...I'll be reinvesting my dividends back into the parent (like I always do)....So what you want, but the future is BRIGHT. For those of you who think Prem has lost his way...lets not forget him covering all of those hedges etc, when Trump was elected. I agree, it was a mistake to hedge the book for so long, esp with those deflation swaps (I was not a fan of those at all)...Cheers, here is to a much brighter future at FFH. PS: I might really try and tackle a detailed SOP valuation for FFH in 2018...if/when I do, I will of course post it here.. Sincerely, VM

you are implying that the ARs for the last 70 years are relevant though...they are not given all of the massive write-downs, and the horrible misallocation of capital at GE Cap post sale (did that huge buyback when the stock was almost double)...It's all about price, but I dont see WEB playing around here, unless its in a break-up, or a unique preferred deal, which is also unlikely.

"Both our operating and investment experience cause us to conclude that turnarounds seldom turn," #WEB

brilliant move by our chairman ps: JPM raised price target on the b's to $235 sincerely, ValueMaven

If you want to carpool from NYC and try and keep expenses VERY, VERY low, PM me...I will be driving out... Sincerely, ValueMaven

I wonder if Chris will be updating his analysis for 2017 shortly, particularly in-light of all that has occurred at Berkshire. It still remains one of the best piece of analysis that I have read...way more detailed then JPM's coverage piece on the company. Sincerely, ValueMaven

Charlie credits Ajit w/at least $60bn of value creation at Berkshire ... WOW!! Sincerely, ValueMaven

Very, very interesting analysis!! Sincerely, ValueMaven

With BRK trading at roughly 1.4x book-value, and Buffett talking about how intrinsic value is MUCH higher then its stated book value, you wonder at what point they will increase the stated stock buyback. I actually it is more imminent then most investors think. See the below clip were Buffett says ‘If it ever gets to $100bn or $120bn or something like that – we may have to increase the price (of the buyback)’ My guess is that he talks a bit about this in the next chairmen’s letter https://www.youtube.com/watch?v=jUJwxksLgKM&t=361s Sincerely, ValueMaven

'The stock market has never caused my stomach to churn' Enjoy! Sincerely, ValueMaven

You will see a drop of almost $30bn in Berkshire's deferred tax liability...which flows directly into an increase in book value. That is why the stock has been on a tear recently. It's a really big deal. Assuming a drop in the DTL, the B-Shares trade at just 1.4x BV. Not unreasonable by any stretch. Buffett should start buying back Berkshire's stock...

Very much so...even 'predicted' what would happen to GM, when CR was pushing him why he didnt want to buy the company... best series of interviews on WEB!! Sincerely, VM

First time I've seen these...Must watch for any BRK shareholder, https://charlierose.com/videos/12653 https://charlierose.com/videos/21205 Sincerely, VM

https://www.dallasnews.com/business/oncor/2017/10/26/texas-regulators-askhard-questions-sempras-945-billion-deal-oncor

What an amazing book!! 30 years worth of notes!! https://www.amazon.com/University-Berkshire-Hathaway-Lessons-Shareholders/dp/099840621X What are some of your favorable takeaways?! -VM

Fairly important update... Let's see how this plays out...

https://www.wsj.com/articles/fix-for-mortgage-giants-fannie-mae-freddie-mac-remains-on-back-burner-1505508211

I cant post the report, but I thought it was very well written...I really enjoyed reading about all of the different business lines. JPM believes the B shares are worth at least $210, with upside. Sincerely, VM

Always!! Thanks for posting...hoping others update as well!!

Its a nice positive...take it for what it is

Agreed - I picked up XL Group on Thursday...the Storm's path has shifted materially to the western part of FL, which is less density populated then FL's eastern cost...

Many Insurance + Reinsurance stocks have off between 10% - 20% this past week due to Cat 5 Irma approaching southern Florida...Starting this thread as there maybe some ideas... I've been looking at RNR and XL... Sincerely, VM

wow brilliant... 87 years young... - talking Tech, Banks, Insurance, Politics, and Consumer Brands/loyalty... No wonder Berkshire hit an all-time high today :) Sincerely, VM

Guess we will find out Monday... It seemed to me like it was approved...