ValueMaven

I only own Liberty Sirius - given the discount and possible catalysts.

Tom Gayner just bought $6.6M worth of Cable One at prices in the mid-$650 range. Gayner has sat on the board for a long period of time. This is a meaningful and sizable purchase.

Yea that fixed rate is a nice addition and a surprise -- will be maxing out again

Bought a very small trading position in AGNC ... blow-up risk is real here - but they are at a ~20% discount to book and havent cut the dividend yet. If rates and swap-spreads come down a touch and MBS rally, this could go to $10 quickly

Yes - that is the Nov 1 reset rate

Have been buying a ton of the Wells Fargo Series preferred issuance recently. $25 par trading at $22.50 ... 5.85% yield = YTM of 7%+ ... operational improvements, and exposure to rising rates ... the bank is doing fine fundmentally. net interest income was up 19% Q/Q (!!). This is a very safe security which has already seen a lot of downside, and has a compelling yield

Ya ... and now its 4.25% ... dont try and guess where rates are going

I bought some AMT last week. Everyone hates the stock - debt, leverage, a data center REIT etc ... has fallen dramatically recently .... I've watched it for 5yrs - and this is finally my shot

https://www.berkshirehathaway.com/news/oct1422.pdf Brilliant acquisition for Berkshire ... Y fits in very nicely inside the Insurance business

The Berkshire board has lost three superstars over the last year: Sandy, Gates, and Walter Scott !!

Sizable buy for Greg! In the A shares as well. Great purchase price!!

terrible article - total marketing spin. the article doesnt talk about any of the advantages of this new site ... or even how it works. I expect more from even Bloomberg

For what its worth - I was able to get 6M UST bills @ 3.981% on 9/26 auction - with no commission or brokerage fees from T Direct ...

@thepupil why have those MMP bonds fallen so much? It's 20 year paper I get it - so a lot of duration risk - but the par on the credit in my view is money good. Thoughts??

@thepupil Those MMP Corps you highlighted are down another 20 points (mid 70s) ... what do you think of them here given the move in rates?? I find them very interesting imho ...

Stock is cheap here - hope Warren is buying back aggressively !!

6m t-bill just hit 3.9% ... upcoming auction on the 26th as well ... seems attractive

I bought the TIP ETF this morning ... might buy some on TDirect as well

@RedLion what about the TIP ETF? Or you dont like the 20bps management fee??

TIPS finally offer interesting yields. After offering negative real-yields for the past several years, the 5Yr TIP has a REAL YIELD of 1.13% - the whole real curve is now offering 1%+ even 30yrs out. The TIP ETF for example is down about -10% YTD, and down $20 from its high earlier in the year. You are now finally getting some very attractive/cash alternatives at the current prices. I am not a TIPS expert - so please shoot this thesis down.

What is the best way to do that then @RedLion ... I know almost nothing about TIPS

1Yr just touched 4% ... FYI

I like the dividend, the stock is massively oversold, and you have a possible catalyst in the sale of the business once the old-man is no longer around. I disagree its a bad insurance company ... look at the combined ratio overtime vs. peers. Costs are very low vs. other auto-insurance companies and they benefit from the low-duration fixed income portfolio which after 10+ of earning nothing is finally generating some income. Sure they dont buyback stock - but they basically pay everything out to shareholders. Hardly any leverage as well

bought MCY today

The idea is/was that Marmon, Precision Castparts, Alleghany, and Oriental Trading could do a lot of these under the radar bolt on acquisitions away from the parent HQ.