crs223
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Posts posted by crs223
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How good does it feel to own the company that POTUS and the banks are going to for salvation? Bonus: CEO puts his shareholders first and will only swing at fat pitches. Double-bonus: stock is cheap enough that WEB is buying right now. Sold the last of my ATCO yesterday and bought BRK.
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On 3/14/2023 at 9:38 PM, longterminvestor said:
Progressive is keeping the "good risks" and GEICO is picking up those "bad risk"
You said that GEICO is getting more “bad risk” (your term, not mine).
I would like to know how much “bad risk” you think GEICO has now vs 5 or so years ago.
a) 10% of GEICO policies are “bad risk” in 2023 compared to 5% five years ago
b) 60% of now vs. 0% five years ago
c) etc
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12 hours ago, longterminvestor said:
And what I see happening, even worse for Berkshire/GEICO, is Progressive is keeping the "good risks" and GEICO is picking up those "bad risk" - I see GEICO as pricing for the "scraps".
What percentage of GEICO policyholders would you say were “bad risk” ~years ago? What about today?
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Beautiful! Ted is living the dream!
What were you doing in Charlottesville? I visited a few years ago on a trip to Monticello.
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4 hours ago, james22 said:
Is Progressive the preferred alternative?
My revised payment is +76%. LOL
For me, progressive and geico were the same (within 2%) and State Farm was 10% lower. Good luck! You can always switch to an e-bike!
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“podcast” and “boatload” — those two words stood out to me. I’m beginning to suspect ChatGPT wrote it.
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I’ll take #1. Excellent quality at a fair price.
Market is efficient anyway… don’t try to time it.
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3 hours ago, Spekulatius said:
owning Siri would be attractive to Berkshire as it fits right in their wheelhouse in terms of the business
BRK likes to buy businesses where it’s clear what the business will look like in 50 years.
Comparing to Sees, furniture, jewelry, insurance, manufactured homes, banks, railroad… doesn’t seem to me that SIRI fits. I use and pay for SIRI but I doubt it will look the same in 50 years given the changing world of entertainment, communication, and even cars.
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“If you don’t like the lack of perfect accounting in financial institutions… you’re in the wrong world”
Warren and Charlie are talking about how it’s tough for even honest financial institutions to report on exactly what they own:
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On 2/24/2023 at 1:46 PM, Gregmal said:
Elon Musk showed everyone what productivity is at Twitter. Imagine what’s possible at the government level?
impossible. first govt workers cannot be fired. second, govt workers don’t care about their product. third, even if they did care, govt workers are generally incompetent (the competent ones left for private industry).
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What’s the reason BRK has to disclose domestic holdings but not foreign holdings? I assume it’s a law. What problem is such a law trying to solve?
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BERKSHIRE HATHAWAY INC. NEWS RELEASE
FOR IMMEDIATE RELEASEFebruary 21, 2023
OMAHA, NE—Berkshire Hathaway Inc.’s 2022 Annual Report to the shareholders will be posted on the Internet on Saturday, February 25, 2023, at approximately 8:00 a.m. eastern time where it can be accessed at www.berkshirehathaway.com. Concurrent with the posting of the Annual Report, Berkshire will also issue an earnings release.
The Annual Report will include Warren Buffett’s annual letter to shareholders as well as information about Berkshire’s financial position and results of operations. The Annual Report will also include information regarding Berkshire’s Shareholders Meeting to be held on Saturday, May 6, 2023 and related events. -
23 minutes ago, zippy1 said:
For many people what is scary (or surprising) is that Chinese do not think this is scary, IMHO. Which shows a completely different "culture."
Chinese govt cuts out the middle man. In the US, they have to go thorough social media's "Health and Safety" teams.
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The all-in-postcast has an excellent show this week. They discussed AI. Some of my favorite parts:
- How legal/bias teams neuter/silence the AI to avoid controversy (and how prompt-injection hacks break through)
- Whether or not competing AI will "capitalize" to give users choice (kind of like CNN/Fox)
- Whether or not AI [moderators] will be able to "erase" people from history, like Stalin did (assuming AI becomes the most common source of info going forward). Related example: is any company going to allow AI to answer the question "what are some of the good things Hitler did for Germany"
- How insidious it is that OpenAI started as a non profit to keep AI from "taking over" and is now making billions producing a product that is moderating/filtering history [aka "taking over"]
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I just called and signed up for value line. The guy said he has not heard about discontinuing of the printed products. maybe it was just a notice printed from my local library.
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Warren Buffett suggested to “start with the A’s”when looking for good companies.
I assume he was talking about the Moody’s manuals, Which seem to not be available anymore. Value Line offers a catalog of stocks to peruse. I spent a couple hours going through it today at the library. It was a wonderful experience!
But I saw a notice that my library from value line that said they’re going to stop publishing a paper copy of the MidCap and small cap stocks next month. i’m gonna call value line tomorrow to see if that’s really the case. i’ve used their digital service. But it sucks compared to the paper service because it takes multiple clicks to get to a compan’s PDF. I did not find a monolithic PDF that lists, hundreds or thousands of companies at a time, like the paper catalog does.
does anyone have another idea on how I can easily browse financial information about “all” (or many) companies? i’m not interested in a process that involves much more than a page turn to get to the next company. i’m definitely not interested in using a Web browser to perform a search query… Because the whole point is, I want to “browse” and I don’t wanna be inundated with pop-ups, clicking, cruft, etc.
thank you!
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3 hours ago, Spekulatius said:
The US can pay 4% interest rates with 5% inflation forever, they are still 1 % negative. Real interest rates have been below zero for a long time and they are still below zero.
Calm despite community panic. I love it!
Also, great point. Wake us when real rates are positive!
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I made my own. It can be adjusted (with great effort) but i just leave it up all the time. if i want to sit, i use a tall stool.
hide wires by attaching them to the underside of the desktop using sticky zip ties.
I pulled the desktop out of the trash!
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ahh of course, TY!
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Can someone explain why the WSJ 52 week low list contains names that are not at 52 week lows? E.g. VZ and UNH below (from today’s WSJ):
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I’m not smart enough to compute inflation.
I still don’t believe US bureaucrats are manipulating the stats at a level similar to CCP.
If the USG is fooling the market, you can profit by selling inflation protected securities.
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On 1/20/2023 at 5:51 PM, Dinar said:
It is not just China. Do you trust US governmental statistics?
I think it would be easy to identify fraud in US stats relative to China given all the data available for research. My uninformed understanding is that people get black-bagged in China for speaking out against the party narrative.
Example: administration might say “no recession” but individuals can crunch the numbers themselves and come to a different conclusion.
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here’s a developer who is having ChatGPT do 90% of the work to create a new Roblox game/level. The human asks the AI to make some changes/improvements during the process. Skip the first 20 seconds to get right into it.
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15 minutes ago, Spekulatius said:
openAI Chatbot is actually pretty good to create outlines
For software development, it’s the opposite. The human comes up with the roadmap (“i’m going to make a stock trading app”) and uses AI to perform the mundane details (“write a function that sorts integers”).
The Dumbest Thing I've Heard All Year!
in General Discussion
Posted
$5M reparation payouts are just a distraction. Focus on the real issues: Stormy Daniels’ hush money and Hunter Biden’s crack addiction.