yesman182

I don't know what he will buy, probably more of what he already owns. I doubt he is raising this money, just for the sake of raising the money.

More yen bonds being issues. looks like the old man found something to do! https://finance.yahoo.com/news/buffett-berkshire-targets-narrower-spreads-203000948.html

That’s seems nearly impossible to prove. Wouldnt that be like someone having a heart attack and then suing where they just had a burger and fries. how do you know the contamination wasn’t already in the tank? I don’t down that they might have gotten bad fuel, but it seems like the defense will easily be able to blame it on lack of maintenance or something similar.

I agree that WEB might not want to own a company with deep water wells, but he didn’t say that he likes oxy because of the deep wells. The income from OXYs deep water wells is small. He could easily buy oxy and divest the deep wells and keep the upside of carbon capture and Vickie’s ability to separate oil from rock.

I agree that WEB might not want to own a company with deep water wells, but he didn’t say that he likes oxy because of the deep wells. The income from OXYs deep water wells is small. He could easily buy oxy and divest the deep wells and keep the upside of carbon capture and Vickie’s ability to separate oil from rock.

It was interesting hearing him be thankful for the men and woman working outside on the railroad in Montana and ND.

Charlie’s trust. Much like warrens kids.

@gfp how do you think Peter Liegl of Forest river gets the cash for that purchase. Obviously forest river makes a lot of money, but I doubt they keep 300M around for a potential purchase. It seems like Greg has implement more of a sweep account system. Do you think Peter calls Warren and ask for the money or does he call Greg?

I assume so. Buffet has long said if he thought he could make money trading oil futures he wouldn’t need to operate a railroad that requires billions of capex. I assume that carries over to pilot as well.

Do we have guesses who will take Charlie’s seat on the board? Would Warren not have asked Charlie who he would like to replace him? Not really a fun conversation to have with Charlie, but it probably isn’t easy now either.

I’m hoping they came up will a price, WEB paid it and we can watch the haslams run their pro teams into last place.

As always thanks for sharing. 31.4billion is a lot more than I would have thought. Do you think a 8% annual return on this investment is a reasonable estimate?

How did you get WEB's permission to do this? I would love to see you get a "licensed audio/video file of each annual meeting" I have watched as many as I can on youtube, but I would like to see them in a more permanent home.

Yes, but he plays a large role in the biggest issues, train derailments, lawsuits with pilot etc. some may love it, but not sure if that is what I want to do in my 80’ if I have a few hundred million in the bank. I hope he does work for Berkshire into his 90’s and I hope he molds the job to match his life. Like Warren promoting Greg and ajit and hiring Todd and Ted, that allowed Warren to focus on what he enjoyed the most.

I personally would like to know how long Greg wants to work. Does he really want to dedicate his life to carrying on warrens legacy. I am sure he is smart enjoys learning etc, but it seems like managing the day to day operations would get tiring. Maybe he makes himself chairman and gives more operational responsibility to others in time.

I don't speculate about WEB buying big tech because he has articulated his reasoning for not buying it publicly for the last 30 years.

This is what I was wondering. They love their American Express, but can’t buy anymore. They also aren’t scared of consumer finance with ally and cof.

I agree, the only way this is cheap, is if they buy some company for 100 Billion tomorrow with a 15% ROE than you are looking at like $64 billion of earning on a 760 market cap or < 12 PE. Maybe WEB thinks that a large acquisition is more likely in this environment since private equity will have a higher cost of capital and banks might have tighter underwriting standards (if higher for longer lasts)?

5% on a $1,000,000 house yes,2% no. Seems like other parts of the world are closer to 2% than 5%.

Android is not a strong competitor in the high school world. I think I lot of those students will not want to trade down to android in the years to come.

Seems to me that this will hurt small firms a lot more than large firms. When I saw this ruling come out I thought Redfin and Zillow would pop, since they already offer commissions less than 6%. I know I was sure happy with the verdict. I hope we can find a way to have sellers pay less than 6% to sell a house.

I agree @gfp is a must read poster.

Are you ready to start buying LPX again?

Where did the $82Billion value come from? Is that the book value if BNSF?

What kind of sales? I haven’t seen them out their kitchen cabinets on sales in years, but they seem to always have a few couches and lamps and what not on sale.