CapriciousCapital

What's the story with PSTH? From what I pulled up it's a SPAC from Ackman that somehow has a negative book value?

Is there a 13-F equivalent in Asian markets?

Picked up some I bonds at 0%. Guaranteed to lose value (albeit at a slower rate than cash at 0.5%).

Here are the movers since q4 2020 ranked by net share purchases-- ticker, cusip, change, percent_change, q1 2021 shares owned, q4 2020 shares owned

What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition Paperback – November 18, 2015 by Frank Gallinelli (Author)

If you watched/read the AGM (or read the thread where I quoted this), you knew about Munger saying "Greg will keep the culture" followed by silence and no comment from Buffett. Well, today it's official. https://www.wsj.com/articles/berkshire-chooses-greg-abel-as-warren-buffetts-successor-in-ceo-role-11620054866

Munger: "We have a great culture, and Greg will keep the culture"

Earlier Buffett mentioned BRK has ~10-15% excess cash above what it'd like to have in terms of investing. He also mentioned it's only about 10% the asset value of BRK, so holding that much cash (liking the other 90% of BRK) doesn't bother him that much. Also earlier Buffett mentioned the rate-limiting step for BHE investment in power generation is transmission (limited by local factors, building through other people's land, etc). And that he'd like to reinvest more there.

Buffett: "If the government took a higher share of my inheritance, I don't think it would bother me..." Munger (cutting Buffett off): "I guarantee it wouldn't bother you."

Oh! You're right.

13:30 - 13:45: Introductions, goes over summary figures, again reiterates operating earnings matter and ignore capricious swings in unrealized gains. Says a "maybe not unexpected" surprise will follow soon... Could it be a dividend?

Calpers doesn't really have skin in the game here[1]. ISS's recommendation could have a more-then-modest effect[2]. [1] https://www.sec.gov/Archives/edgar/data/919079/000156761921001941/xslForm13F_X01/form13fInfoTable.xml [2] https://corpgov.law.harvard.edu/2018/06/14/the-big-thumb-on-the-scale-an-overview-of-the-proxy-advisory-industry/

How much if DKAM’s total returns came from Constellation Software? That was a great investment but may not be repeatable.

I'll add that in normal times, globally systemically important banks have higher capital requirements which reduce ROE. Ultimately ROCE looks a little better when GSIBs issue preferred stock.

Surely it’s less than 15% now with interest rates near zero and over 100 billion in cash with no opportunities.

You have to add back the interest expense portion of capitalized lease depreciation to get EBIT.

Short term debt is included in invested capital by excluding it from the working capital calculation in this case. Invested capital = capital provided to the operating business by debt and equity investors.

Your best bet might be going to open houses in your area of similar homes.

I don't have access to the article, but are they looking at just buybacks and dividends and ignoring financing and retained earnings?

EverArc is a blank check company looking to acquire business in North America. It trades 20% over book so it's not an exhilarating investment idea or anything like that. But, I think its founders make it interesting to watch. Tracy Britt Cool-- former Warren Buffett "protege" according to WSJ, was CEO of Pampered Chef, on the board of KHC and BA. William N. Thorndike Jr. -- Author of The Outsiders, recommended reading by Buffett, and a PE guy Also W. Nicholas Howley, Vivek Raj and Haitham Khouri, who all look like PE guys. They've got $357 million in cash according to their listed filings on their website, with 20% of that just raised in their IPO on the London Stock Exchange and the rest owned held by some combination of the founders themselves and institutional investors. The prospectus is available on their website to anyone claiming to be from the UK, but doesn't hold many details. Anyway, an interesting company to watch. http://www.everarcholdings.com/