gfp
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Posts posted by gfp
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the "curse of netjets"!
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What exactly is the latitude given by the FED to companies regarding stock ownership. I always tough that stock had to be marked to market...
BeerBaron
All the equities were always being marked to market and all changes were reflected in quarterly comprehensive income and, of course, book value on pg. 1. Berkshire isn't a trader using mark to market accounting and it shouldn't have to pass unrealized losses through the income statement if there hasn't been a material permanent impairment (like AIB) just like it doesn't pass unrealized gains through (besides rare exceptions like the Gillette-P&G merger and the BNI write up).
If KO goes up 2 Billion dollars in a quarter and USB declines 500 million, running -500m through the income statement doesn't communicate anything useful to investors.
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Finra has an ok bond search, select 'Corporate' from the top radio button and give it a try.
http://cxa.marketwatch.com/finra/BondCenter/AdvancedScreener.aspx
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Why not use Interactive Brokers and just buy FFH in Canada?
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Was that the entirety of your trading in company A last year? If not, more information is needed to answer your question.
500 shares of stock sounds better than '500 stocks', fwiw
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The only Nikkei 225 etfs that I know of are traded in Japan - the iShares one is jp:1329
EWJ, that you mention, is the most liquid US etf, but it tracks the MSCI Japan Index.
There are mini-Nikkei futures traded in Singapore and larger contracts available in the US.
DFJ - the WisdomTree small cap dividend etf is also pretty active.
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Yes, they most certainly have exposure to losses through their enormous global reinsurance businesses. They will probably give us a preliminary estimate in their first quarter 10Q. It won't be a big deal for them.
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wondering if someone could help with the following questions:
- fairfax used to have a Market Cap/GDP slide in the AGM presentation (most recently in 2009 see attached), any idea why that practise has been discontinued in 2010?
- although directionally similar, the Gurufocus chart (attached) doesn't use the same values, example the 2000 peak is 150% while the fairfax chart showed a figure slightly over 170%, what could explain the difference?
- does anyone know if there is a real-time online version other than the one on GuruFocus?
regards
rijk
I don't have a link to the ned davis version, but the difference between the two is from the Guru Focus graph using the Wilshire Total Market index, which contains 98% of all US stocks, while the Ned Davis Research version adds the other 2%. By Ned Davis' method, we were at around 101% at the beginning of this year. Sorry, I don't have anything better than the gurufocus chart you found.
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Last time I checked, none of those companies are for sale in their entirety.
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I will contribute my meager $0.02 worth......WEB has already stated that he will pay a dividend when he feels it is no longer possible for BRK to outperform the S & P. That should be the end of the matter as long as WEB is in charge. Having said that, BRK should pay a dividend once the Gates Foundation holds all of WEB's shares. This way the foundation could receive funds it needs to meet the IRS requirements without having to sell BRK shares. I would like the foundation to hold the BRK shares forever, and help preserve what WEB has spent the last 50 years building.....in the meantime it should be most interesting to see what WEB buys next.
cheers
Zorro
A dividend will not change the fact that the Gates Foundation is required to sell Berkshire stock to comply with federal excise tax rules limiting excess business holdings by private foundations. It's the same law that forced the sale of Pabst Blue Ribbon (that foundation was out of compliance for years).
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He cracked me up on the Genworth conference call last year.
some info on that here:
http://www.businessinsider.com/steve-eisman-genworth-conference-call-recording-2010-10
As you probably know, he was a very public critic of the financing practices surrounding the for-profit education sector. He likely made a decent return on his short of the equities in that sector.
He was a colleague / mentor of both Meredith Whitney and Alice Schroeder at Oppenheimer.
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It's because they delayed the release of their Q4 results.
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I'll take "E.On's UK power grid for $6B". I guess that's either #3 or #5
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the dataroma.com site also helps you track the changes in position size. It's a good site.
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Chanos is also interesting, I thought.
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A long list, but Buffett and Bury are great. Mp3 audio files, very long
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I think GoodReader, which I use for pdf files primarily, can support just about any file type you can come up with. I have several conference call audio files in there.
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It is illegal to melt pre-1965 "junk" silver (dimes, nickels, quarters) also, but that doesn't stop it from being highly liquid and tradable at it's silver melt value. I don't hold silver that way, but it seems popular.
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It's less than .4% of their assets under management. I don't know what portion of their over 3.5 Trillion in AUM is in equities, but that's not a big position considering BRK.B is one of the largest companies in the S&P 500.
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I make sure to print from a pdf (or .doc if you are reading microsoft's financials, as they insist..) - then it comes out nice.
Most companies make a pdf available, for the rest you would need to use a service like morningstar document research.
Since the ipad came out, I barely ever print a large filing. Some of the new tablets with pdf reading capabilities should be great for investment analysts.
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And some VERY Buffett-like views on Philanthropy at the end. From a 29 year old that doesn't know he's about to be fired. Really great stuff.
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Thanks for this article! He had a very Buffett-like description of Frito-Lay's franchise value..
This is the best Steve Jobs article I have ever seen.
David Sokol Resigns!
in Berkshire Hathaway
Posted
Also, a heads up: Sokol will be Live on CNBC at 7:40 am tomorrow morning