DooDiligence

What kind of investor are you? Obviously, sell them to the highest bidder on a shady corner (or Craiglist). You should have asked your doc for another prescription or two, you could have funded your BRK purchasing habit from the proceeds. 8) Cheap bastard that I am, I’ll have to destroy value in this case. I love your characterization of me as a “BRK addict” ;D & I’ll continue funding this habit from legit cash. I’m trying to simplify my studies since I’m devoting more time to other endeavors.

I recently had double inguinal hernia surgery (done in 2 stages, 3 weeks apart.) I was prescribed x40 Oxycodones after each procedure. The 1st procedure, I took all but about 8 or 10 of the pills which I found out was unnecessary. For the 2nd surgery, I quit taking the pills on day 3 following the procedure & started taking Motrin. This was perfectly adequate to control the pain (nothing but time would take care of the discomfort.) I had a follow up exam recently & asked the surgeon why they prescribe x40 pills & got what I thought was a bullshit answer. (I totally trust this guy with regards to the procedures performed but believe that he & others are a bit aggressive with the prescription pad.) I still have a full bottle from the 2nd prescription & a few pills from the 1st one. (gotta Google how to dispose of these properly.) Here's a quick article on all the finger pointing going on. http://www.bradenton.com/news/local/article191485574.html and another one re: the Cherokee nation filing suit. http://www.tahlequahdailypress.com/news/local_news/pharm-companies-seek-to-thwart-cn-opioid-suit/article_2531e7fe-47c4-5c7c-82b2-66f4e7ebd60d.html I just can't help but think that everyone is pointing in the wrong direction.

More BRK.B I bought today since the markets will be closed on the 1st & I expect we'll never see sub $200 again. (even so, the bargain hunter in me is filled with cogbias & thus, I'll continue thumb sucking & averaging up while pining for a crash.)

Softbank https://www.businesswire.com/news/home/20170907006799/en/SoftBank-Sprint-EasTone-TBCASoft-Launch-Blockchain-Consortium also http://www.businessinsider.com/uber-softbank-deal-limits-travis-kalanicks-power-but-hes-ok-with-that-2017-12 "The board has also agreed to aim for an IPO in 2019."

Forgot to add Animal Farm which I usually read every 4 to 8 years. I'll never read this book again.

Yep. --- Stranger in a Strange Land - RAH Revolt in 2100 - RAH Canticle for Leibowitz - Miller Deathworld Trilogy - Harrison The God Makers - Herbert Midas World - Pohl The Saxon Chronicles - Cornwell Ghenghis Khan Series - Iggulden Walking Drum - L'Amour World War Z - Brooks (the movie sucked)

Happy Holidays to everyone & I echo the sentiment that COBF is the best of worlds for ideation. I am much more aware as an investor because of all you guys (and gal?)

All in baby!

One small step refused a single man One giant leap for mankind Onto a desolate landscape --- Move Fast and Break Things is the riveting account of a small group of libertarian entrepreneurs who in the 1990s began to hijack the original decentralized vision of the Internet, in the process creating three monopoly firms--Facebook, Amazon, and Google--that now determine the future of the music, film, television, publishing and news industries. Jonathan Taplin offers a succinct and powerful history of how online life began to be shaped around the values of the men who founded these companies, including Peter Thiel and Larry Page: overlooking piracy of books, music, and film while hiding behind opaque business practices and subordinating the privacy of individual users in order to create the surveillance-marketing monoculture in which we now live. The enormous profits that have come with this concentration of power tell their own story. Since 2001, newspaper and music revenues have fallen by 70 percent; book publishing, film, and television profits have also fallen dramatically. Revenues at Google in this same period grew from $400 million to $74.5 billion. Today, Google's YouTube controls 60 percent of all streaming-audio business but pay for only 11 percent of the total streaming-audio revenues artists receive. More creative content is being consumed than ever before, but less revenue is flowing to the creators and owners of that content. The stakes here go far beyond the livelihood of any one musician or journalist. As Taplin observes, the fact that more and more Americans receive their news, as well as music and other forms of entertainment, from a small group of companies poses a real threat to democracy. Move Fast and Break Things offers a vital, forward-thinking prescription for how artists can reclaim their audiences using knowledge of the past and a determination to work together. Using his own half-century career as a music and film producer and early pioneer of streaming video online, Taplin offers new ways to think about the design of the World Wide Web and specifically the way we live with the firms that dominate it. --- Interesting book review & I suspect that it's true: 2.0 out of 5 starsGreat, if only it was a 30 page book. ByKevin A.on October 11, 2017 Format: Hardcover|Verified Purchase Save yourself time and skip right to the last chapter (I loved the co-op economy idea). Everything prior to page 247 (first edition) is a long listing of Taplin's problems. I don't read books to get more problems, I read them for solutions. This man also seems to blame all of America's problems on libertarians, then advocates for subsidiarity. That was just one of the many contradictions I found. He also frequently neglected to point out *any* redeeming qualities of the views that he opposed (there are many). --- We're no different than the Chinese...

Apologies if this already got posted. https://stocknews.com/news/brk-b-berkshire-hathaway-inc-brk-b-to-get-3-billion-from-burger/

Yes, it's the liberals have a lot of soul searching to do. Not the fine people of Alabama who voted for a pedophile. You know, the Christians with the family values and all. SMH. I don't know what it's like to be you, but it must be sad and tough to go through life taking everything seriously, having no sense of humor! It makes you cognitively blind to see the word "funniest." Sad! It's not your fault! It's probably just the way you're wired. I recall somewhere else your saying you didn't like taking imaginative literature or poetry in high school or college. That would explain your inability to detect subtlety and appreciate figurative language. Many of your responses to my posts on other threads demonstrate this. You're in good company. I've pointed out several other prominent board members who need remedial lessons in Professor Munger's classes. You should review the one where he says, "Invert. Always invert." That would be a first step in understanding how humor is made, even if you can't appreciate it when it's right in front of you. TBF high end humor frequently doesn't travel well via BBS, text & email... Correct! Nor in person live, stand-up live, or video! IBTD, the Physicality makes for a better delivery...

Yes, it's the liberals have a lot of soul searching to do. Not the fine people of Alabama who voted for a pedophile. You know, the Christians with the family values and all. SMH. I don't know what it's like to be you, but it must be sad and tough to go through life taking everything seriously, having no sense of humor! It makes you cognitively blind to see the word "funniest." Sad! It's not your fault! It's probably just the way you're wired. I recall somewhere else your saying you didn't like taking imaginative literature or poetry in high school or college. That would explain your inability to detect subtlety and appreciate figurative language. Many of your responses to my posts on other threads demonstrate this. You're in good company. I've pointed out several other prominent board members who need remedial lessons in Professor Munger's classes. You should review the one where he says, "Invert. Always invert." That would be a first step in understanding how humor is made, even if you can't appreciate it when it's right in front of you. TBF high end humor frequently doesn't travel well via BBS, text & email...

LOL. You haven't seen Landover Baptist before? 8) No. Is this real? After seeing that thread on their board, I didn't care to learn more about their god. No, this is not real. LMGTFY: https://en.wikipedia.org/wiki/Landover_Baptist_Church Bible quotes there might be mostly real, but you should check your bible first. 8) Nice. I love people like Betty Bowers / Deven Green (Canadian)

Question authority

Yes, it's the liberals have a lot of soul searching to do. Not the fine people of Alabama who voted for a pedophile. You know, the Christians with the family values and all. SMH. I admittedly haven't followed the whole Moore thing too closely, but it is my understanding that he isn't a convicted pedophile, he is a man who is accused of being a pedophile. Let's not engage in witch hunts. If I accuse you of rape does that make you a rapist and should it ruin your career? When someone makes an accusation shortly after they are raped (like say Juanita Broaddrick) I'm a lot more likely to give it credence, but these accusations from long ago coming up just when a politician happens to be running for office strikes me as not quite as believable. I agree but in Moore's case, well; there wasn't a particularly vigorous defense coming from his camp of religious zealots (except during camp meetings.) Law enforcement used to be a lot more tolerant regarding DUI's too. All this was just icing on an already baked cake for me (he's a shit stick, ultra right [except for my rights] twat waffle.)

LOL. You haven't seen Landover Baptist before? 8) No. Is this real? After seeing that thread on their board, I didn't care to learn more about their god.

I Googled "sell your daughters online" just for fun & this came up: http://www.landoverbaptist.net/showthread.php?t=52601 WTELF (What The Ever Lovin Fuck?) It's official, I hate the internet now.

I probably should have just bought them in HB with unclipped DJ's & sat them on a shelf to be admired ;) 2nd childhood or middle age crazies? (not the latter because I feel no desire to buy a Corvette...)

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Warren is 87 years old. How much longer do you want to wait? At this stage, his chances of still being around in 5 years are 50:50. Berkie has what, $100+ billion of cash sitting around and not being deployed? That strikes me as plenty for an elephant hunt, if that's what Warren and Charlie want. At this point, institute a healthy dividend (perhaps $20B per year) and stop accumulating cash. It's virtually certain that the next management team will be far worse capital allocators than the current team, so institute that healthy dividend now so they'll have less cash available to waste. As we know, once a divvy is in place, they can be pretty tough to roll back.... SJ I don't want it to happen until I get my fill of shares. I know, I know, quit thumb sucking & just go all in.

I think WEB & Chuck have planned for the evolution of Berkshire & a dividend would be super smart (not now please, but eventually.) Also, what about the possibility of upping the buyback threshold & a highly publicized (AGM) repurchase/conversion event. "Scuse me but is this the line for those who want to tender/convert?" "No sir, this is where you make reservations for Gorats."

I stay in touch with former co-workers (mud boat trash) & will post as soon as I hear about boats being pulled out of stack. Don't know how much of a front-run this will provide but prob better than nothing.

Klause certainly was a douche (I’ll bet he wears monogrammed sweater vests, a lot.) Kirchner was a loud mouthed twat too. It all just struck me as a very different use of scuttlebutt (these guys play for keeps.)

I ran a projection of my 2017 taxes on a 2016 copy of HR Block software & even with cap gains (which turned out to be more than I remembered) my tax bill should be zero dollars (starting 1 Jan 2018 everyone will be required to say ZERO DOLLARS instead of FREE.) I got one last check in Jan which covered the last half of Dec working offshore. I may even get a small refund! Paid a buttload of taxes in the past decade.

I have been long and have decided to close out the position for now. The information on this board has been helpful with the investment but it's a small position for me and I am looking to up my liquidity position so this one fits the bill for the following reasons: Sentiment seems to have shifted, its been nothing but good news for a the last few weeks. Stock has moved from low 50's to low 70s in a very short time period. Major analyst bullishness/upgrades last few days. $4.9B number received for the medical unit was well above estimates. Buyback announcement was only a month ago. Add in the broader market being on quite the euphoric run. All these things seem very positive, which to me may indicate things could be ahead of themselves. There's still question marks and regulatory stuff that presents risk. As a value investor you buy when something is out of favor and sell when it is in favor. It usually doesn't happen in 3-4 months, but it has here. I entered in August and have a 60%+ IRR. I still like it, but am fine walking away with a respectable return and enhanced liquidity position. Congrats! I think I did the same with AZO for the same reason. Cash got a shade below 30% & AZO had a nice quick run.