wescobrk

Ha, well we are basically at book now just round up a little, plus with the 10k filing book should come down a tad with all of the stocks in his portfolio declining such as Ferrari and Cracker Barrel. I see your point can make an argument isn’t loved but going from extreme hate to a little hate seems like some love, maybe a toxic kind of love, ha. Definitely love from the millions from new buyers in the last six months for an almost 200 percent annualized gain.

This went from hated for a decade to loved. classic Mr market example from Ben graham. Still alive 90 years after he wrote security analysis.

For those that don’t like the physical copy just order one for your kindle. 1) it arrives instantly; 2) one can adjust the font; 3)it’s easier to carry around if one has to travel a lot

In February of 2026 will be the first letter since 1956 a letter didn’t go out to at least a handful of people. another way to to look at it is since 1951 without a publication of a letter when he wrote the security I like best. wrap your heads around that, first time in 75 years! I don’t even want to talk about it anymore it’s so depressing.

Buffett’s farewell letter will be released tomorrow. it sounds depressing as hell to me. i was so excited every February to read his shareholder letter and then see him in Omaha. I’ll have to get use to reading a letter from Greg and seeing him on the stage without Warren.

Don’t forget there isn’t s movie so he is still taking questions for 4.5 hours. prior years I think was 9-330 and 1 hour for lunch so it’s the same amount of time?

That would be amazing if you are able to! I will definitely buy your next book! I feel Munger’s partnership years are so neglected, yes we know about the closed end fund and blue chips making up 75 percent roughly in the early 70’s but any anecdotes, data points would be very welcome as Charlie was a hero of one and I miss him very much.

Brett, I loved the book. any chance you have time to do the same thing for Charlie’s investment partnership years? a logical title would be Munger’s early investments.

It’s a very well researched book. i love the parts where Buffett would talk to front line employees for hours and I think counted some type of product (not Amex) for several hours. I need to read it again. Amex was the only part that has been repeated several times in other books. Almost the entire book (excluding Amex) is information I haven’t read before. Great job by the author. I wish he would have been on the investors podcast at that covered the book.

I can’t speak for Brett but he put in the book Buffett didn’t cooperate but sent him a letter wishing him good luck. i think it’s in the preface.

I don’t mind his daily email. It’s actually not bad and it’s free. I ignore anything about (must act immediately and all of his sales stuff). I was annoyed from his email yesterday about Netflix. He said he sold too soon and hang on to a great company, which I agree, but he completely lost me when he said what he should have done with Netflix after selling way too soon is put in a bunch of stop losses and gradually sell out the more the stock dropped. wtf? This guy is a baker scholar from HBS and went to every Berkshire meeting for almost 30 years! That’s one of the dumbest things I’ve ever heard. He argues it’s an amazing company and his logic is stop losses? pretty fascinating actually from a sociological standpoint how someone can have 30 years to study such a simple concept and completely get it wrong.

Thanks for posting that sheds light why he didn’t buy them but still not sure why he never bought the stock (or maybe he did and I’m not aware). I know his comments about Walmart and google that he just missed them due to price wasn’t low enough for the former and missed it on the latter but he has to know progressive better than anyone else in the world so really odd he missed buying the common for decades especially after 2008 and in 2020 during large corrections. oh well, can’t win them all.

Maybe if we get another 50 percent draw down like in 73-74 Berkshire could get it for under 100 bill, but at that point it would be up to Greg if he wanted to test a future government as Buffett has only a few years left, unfortunately.

At 122 billion Buffett could still afford it, but I doubt the government would allow it, guess this one falls under the errors of omission column if Buffett were to be asked this question.

Random question, but could Berkshire buy Progressive or would the government try and block it? seems a logical acquisition as Buffett has long admired progressive and it has been outperforming Geico for a long time.

I was wrong about another ATM. Doubt we will see one while Keith has virtually all of his net worth in the common. probably range bound from 20-30 for the foreseeable future.

Definitely not dire taking 53k into 268 milllon! in four years!

He will probably hold for another run up but if he has 100 percent in Gme then he can’t buy more if there is a big drop, well he does have six million but that is low,single digit percentage of his liquid net worth.

I’m reading he exercised another 4 million shares so now he owns 9.1 million shares!

Understood, snapshot looks like one account. seems like crazy risk to buy all of those options in an Ira but he obviously has huge risk tolerance so he will have to wait 21 years to collect on this account unless he does a 72t, if it is an Ira.

I don’t know but I would assume it is taxable at least for his options account so the government would share in his losses. it wouldn’t surprise me if his shares are in an Ira as I do believe he is a sharp guy, but I have no proof and just speculating.

@ValueArb you could definitely be right, I see your logic, how does cohen know if he has to wait 3 years to turn on turn money printing machine again? Maybe roaring kitty has a taste of becoming a billionaire and he will be back before year end and cohen doesn’t want to kill the goose that is laying the golden eggs.

I wouldn’t be surprised if it stays in the mid 20’s to see 20-40 million ATM within the next five days. we will see if Keith keeps posting tomorrow.

That has to be him. Cohen has to be thrilled if this thing holds in the mid 20’s and kitty is out. tomorrow will definitely be interesting.

Valuearb, that makes sense except ( see another scenario that if roaring kitty disappears for another 3 years (or forever since he is worth over half a bil) I could see cohen doing another ATM but at a lower share count. if I were him that is what I would do. we will see. did you see that quote from citron? ‘An jnsult to capital markets” give me a break, you shorted for a measly few days and lost money so quit your bitching snd take it like a man, roaring kitty kicked your ass 3x.