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scimonoce

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Everything posted by scimonoce

  1. I added a follow-up article that does a side-by-side comparison of Warren Buffett's portfolio and Lou Simpson's portfolio: http://www.gurufocus.com/news.php?id=105365 Again, any corrections and feedback are appreciated.
  2. Thanks. I just separated everything that reported code 9,10, and 11 in column 7 of the 13F. #9 is "GEC Investment Managers" (which we know is Simpson), #10 is "GEICO Corp.", and #11 is "Government Employees Ins. Corp." The numbers always appear together. And the portfolio adds up to $4.4 billion. The Tribune article says it is a $4 billion equity portfolio that Simpson manages. I couldn't include Tesco, because GEICO and Berkshire own foreign shares in that case and so it isn't listed with 13F. Berkshire has disclosed Tesco (and Buffett mentioned both he and Simpson bought it separately), but I need a 13F to separate GEICO's holdings from Berkshire's. Thanks for your advice. I read Miles approach after you mentioned it, and don't see any similarities. I think people may be right about the pension fund, as he seemed to be figuring out what Berkshire owned that its insurance companies didn't. In this case I just looked at what GEICO owned. Presumably, you could subtract GEICO's holdings from the 13F and be left with just those things Buffett bought. I don't see any contradictions between the portfolio I came up with and anything Buffett or Simpson has been quoted as saying. And I do see places where the quotes confirm the portfolio I came up with. For example: Buffett has publicly said he never bought BofA, Simpson did.
  3. I just wrote an article that separates Lou Simpson's GEICO portfolio from Warren Buffett's portfolio: http://www.gurufocus.com/news.php?id=105286 I thought this forum would be the best place to ask for feedback. Let me know what you think I misread in the 13F or got wrong with my math. I haven't seen other people do the same thing. So, although everything checked out against other sources, I'm curious why I haven't seen this done around the web more. And a little cautious it can't be this easy or every reporter would do it. Thanks. Here's the article: http://www.gurufocus.com/news.php?id=105286 And here's the 13F: http://www.sec.gov/Archives/edgar/data/1067983/000095012310078001/v56978ae13fvhr.txt
  4. I tried to separate Lou Simpson's GEICO portfolio from Warren Buffett's portfolio in this article: http://www.gurufocus.com/news.php?id=105286 Let me know what you think I got wrong.
  5. Iron Mountain (IRM) is the records management company.
  6. So you mean you use the "yardsticks" Buffett writes about in the annual letter? For example: If you were valuing Berkshire at the end of 2008 - the time of Buffett's last letter - you would take $77,793 in investments per share plus $3,921 in pre-tax earnings times ten. $77,793 + ($3,921 * 10 = $39,210) = $117,003 per "A" share. The investments and earnings per share have obviously changed since then. But this is the approach you're talking about, right?
  7. Here's the press release (in PDF): http://www.berkshirehathaway.com/news/JAN0510.pdf
  8. Berkshire disclosed its equity holdings. Here's a Bloomberg article summarizing the major changes: http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=BRK%2FA%3AUS&sid=aEb7e45xV9HE
  9. Some comments from Berkowitz on Fairholme's return to Berkshire: "But given the dislocations that we've just gone through, and given the sort of Rock of Gibraltar balance sheet of Berkshire Hathaway, and given the cash he had on hand, he has been able to put a tremendous amount of cash to work. So besides the fact that the Berkshire Hathaway stock price went down, and at the same time he's making some tremendous investments in various industries, whether it's General Electric, Swiss Re, Goldman Sachs. And, and given also some of the other fixed income deals he's done, and some of the insurance on the indices done, he's really, Berkshire Hathaway is positioned to have a nice little spurt, at least a regression back to its mean from where it's come from. But after all, Berkshire's hardly done anything for about 10 years now. So it's had a nice rest break." Video: http://www.forbes.com/2009/08/21/berkowitz-fairholme-pfizer-intelligent-investing-video.html
  10. According to GuruFocus Fairholme bought Berkshire shares in Q2 2009. Berkowitz bought roughly equal dollar amounts of A and B shares. The total investment in Berkshire is equal to about 2% of Fairholme's portfolio. As mentioned above Fairholme had sold all its Berkshire shares. And now apparently returned - in a small way - to Berkshire in Q2 2009. http://www.gurufocus.com/holdings.php?GuruName=Bruce+Berkowitz&sort=position
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