RunPacoRun
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Hi Dajidali. It's no problem if you don't receive the meeting credential via mail. You can get one at the CHI Health Center lobby on Friday 11am-5pm or on Saturday 7am-4pm. Bring your photo ID and proof of ownership.
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1 hour ago, ValueMaven said:
BRK is turning into a serial cannibal of its own shares. Teledyne 2.0 ?
That's my conclusion too. Warren stated regularly in the annual letters how much he admired Singleton as a capital allocator, particularly with regards to repurchasing 90% of Teledyne shares at a bargain. Charlie stated in an annual meeting that he and Warren were "avuncular" when compared to Singleton. Hence, I suspect Warren wanted to give a fair warning to all shareholders regarding the strategy behind the share repurchases without explicitly saying they're engaging in a Teledyne 2.0. Based on what I read about Singleton, he just did what was in the best interests of the shareholders who didn't sell, although he didn't communicate what he was doing and why, which meant "too bad" for Teledyne shareholders who sold too early.
Next Berkshire acquisition speculation
in Berkshire Hathaway
Posted
Fact: In past shareholder letters, WEB wrote that it's easier to buy a reinsurance company than to start one from scratch.
Fact: Looking at the balance sheet, the vast majority of its investment assets are in fixed maturities, $106B out of $136B. There is only $14B invested in private equities.
Fact: CB's market cap is $106B.
Conjecture: Berkshire could be interested in CB's insurance operation. If Berkshire acquired CB at its market cap with cash, Berkshire could liquidate its fixed income portfolio and then invest it in more equities and/or buy other businesses in full.