pohick

elec cars make some sense for urban use i was about to get a Sparrow (park in the motorcycle space and go in the HOV lane)

(1) hydroelectricity, where you pump the water back up during the night when the cost is low; (2) under ground air compression. I don't know much about (2) but (1) is clearly wasteful and doesn't seem all that cheap. i dunno, our (D) lil ole bath facility ain't so bad http://www.dom.com/about/stations/hydro/bath.jsp http://media.corporate-ir.net/media_files/irol/11/110481/IRReferenceBookFebruary2009.pdf

Sat 8:00 PM 10:00 PM Hilton Omaha by Qwest Ctr http://boards.fool.com/Message.asp?mid=27636960 alas not there this year

while an improvement over the questions at last years meeting, they still ain't good enough (especially since he didn't pick my question - lol) i would like to see more about COP, Swiss Re, BNI, netjets etc etc

should make nice wallpaper certificates are a decorator item too.

a little i quit letter http://www.nytimes.com/2009/03/25/opinion/25desantis.html?ref=opinion

i agree, (don't need b school) the key point: 1) Cash from operations less capital expenditures leaves us with free cash flow. the estimate of cap ex can be tricky (not necessarily what 's in the report) at what point would defered maintenance affect cash flow? when you have a moat (pricing power) the cash flow improves with inflation, but if you have a Berkshire Fine Spinning, then your cap. ex. merely postpones the going out of business sale the problem with ROA and ratios is it don't tell you about the quality of the assets (are they "good until reached for") and cash flow

http://msnbcmedia.msn.com/i/CNBC/Sections/News_And_Analysis/_News/__EDIT%20Englewood%20Cliffs/AIG_letter_2pgs.pdf (spitzer lives) speaking from inside the beltway: billions in impaired derivatives that can't be unwound, but not a penny in bonuses stop them before they hurt us all again, please

if you have a toll bridge, you only have to maintain it to maintain your pricing power, (not replace it) replacement is a fiction of depreciation accounting, some long lived assets can last a long time, not the convention

i kinda like "what kills this", an inversion of widening the moat BNI has a large investment, sunk cost, like a toll bridge, pricing power for inflation tied to economic cycle, west coast to mississippi trade, recession hurts revenue also push back on powder river coal trade, with crash in coal price historically, railroads went bankrupt in recessions, because they were levered for the good times right now is the worst case, playing out on a recovery they will boom

the last shred of credibility gone. (note GE rallied on the same downgrade by all) i think you could make a lot of money analyzing bonds, and arbitraging the nonsense ratings. (i.e buy BBB that are better than AA) hold for convergence (just don't borrow like LTCM) WEB should be having a field day

if you slept in, the transcripts and video are in http://www.cnbc.com/id/19206666/

for Brk AM itinerary see this thread: http://cornerofberkshireandfairfax.ca/forum/index.php?topic=12.0 i also like the new format for increasing question quality, editing however, it does take away the terror of asking a fool question. (it's not like the good ole days, when there were no time limits, or number stations, you could go to the ballgame, shake his hand, take photos, get autographs)

hmm nice loss in Swiss Re, who's was that(p.17) the 14.45 bill in other investments? (p.31) that's all the preferreds (p.41 [39]) not in equity? 5 bill in leased assets? tank cars? (p.44) hmmm ration of B's to A's has increased from 8 - 1 to 14 - 1 (is the trading in B's driving A's?) (p.54) hmm inv. loss 4.6 bill (p.64)

having read the book, i don't see any "disharmony" rather, WEB having made himself available for the book, is less so, now that the book is done. after all, he plucked her from smith barney, on the strength of her insurance writing. what would he have to do, sing a song with her at the AM? (this personal stuff is amusing, but there ain't no there there.)