gfp

I don't think Fairfax trades at all after-hours and it certainly doesn't trade on the NASDAQ. Bad data is not uncommon. Fairfax closed at another all-time-high today. Worry about something else

I hope he voluntarily takes a $100k salary once Warren is no longer with us. I also support unlimited use of the NetJets fleet to ferry him from Des Moines to wherever the heck he wants to go every day (and home in time for hockey practice). Long live the Indefensible!

WSJ with an article on Greg Abel's portfolio of homes (short article, only a couple places) https://www.mansionglobal.com/articles/like-warren-buffett-successor-greg-abel-keeps-a-surprisingly-modest-home-portfolio-7cf638da

And while you are loading up on Swiss Franc CHF, make sure to ask the Swiss Central Bank if they have any interest (pun?!) at all in their currency strengthening further! It's almost like no country wants their currency to strengthen... hmmmm https://tradingeconomics.com/switzerland/interest-rate

https://fortune.com/article/who-is-greg-abel-berkshire-hathaway-stock-warren-buffett-management-style/ This article reminds me of Abel & Sokol's deal for Constellation Energy. A lot of people forget that one since it didn't end with Berkshire owning all of Constellation but it was the first time I heard Abel said that the important part was having a model and value in mind for every major target so that you are ready to act in a few hours over a weekend if necessary. By "losing" in this deal, Berkshire made Billions of dollars for nothing. It was great and it was basically all Greg Abel.

Yes - that's why he wants to be short the USD by being long Oil. The rest of us are short the USD via being long actual good investments and debt-financed (read: short the dollar) productive real estate that dumps those dreaded dog shit dollar bills into our bank accounts on the first of every month. Before John comes over and yells at us for messing up the Berkshire thread we better stop here - you know he's gonna wake up and be unhappy

everything is priced in dollars Blake

The best I can make of it, Blake studied the 70's and misunderstood some kind of cause/effect relationship between oil prices and inflation where he thinks that when people see inflation getting bad this causes them to "invest in oil" and that pushes up the price of oil. It's a bizarre cause-effect dynamic, but I could see how someone looking at correlation and ignoring a bunch of exogenous factors that caused oil prices to be high at that time would somehow confuse a correlation with causation. The direction of the causation is bonkers - people don't invest in oil - they buy only the oil they need to consume and not a drop more. Also, when he says he owns Oil I assume he owns stock in companies that make their money selling oil. Which is of course a different thing all-together.

But no gold right?

This is a game of specifics Blake - everyone has to sit down in a chair every night. What are you gonna own right now to prepare for / profit from your predicted scenario? ( on the real possibility your generation doesn't get the reference I will pin this here: https://en.wikipedia.org/wiki/Musical_chairs )

Ah to be young again! I know you are super sure of a specific future - but what's the answer for how to be invested right now? Some of us have a job to do and bills to pay

I strongly agree - you only have to buy these companies once. Being an all cash deal helps as well

Plenty of "undervalued" stuff out there (as usual!) - you just gotta keep looking until you find stuff. I mean, 50% of this website's name is still a great value and that one isn't even hiding.

think you've got that one backwards bud

I haven't seen much news and the SPY is shooting higher after hours - is this simply because Bessent will meet with Chinese trade representatives? https://www.bloomberg.com/news/articles/2025-05-06/bessent-greer-to-meet-with-china-to-start-trade-talks-this-week?srnd=homepage-americas

This guy existed at Berkshire but it was Dexter shoe every year since '93...

Freudian slip?!

It's possible, and I had posted it here previously, but I think it is more likely that they were offered Sketchers.

He mentioned it several times - I scanned that transcript and found one of the "middle" mentions. They alluded to it before and after this mention: " And Martin just wrote in an addendum in the last 40 minutes or so, pointing out that you mentioned Berkshire almost invested $10 billion recently and wanting to know if you could talk more about that. Warren Buffett: Well, I can give you a good answer to the second part, which is no. But $10 billion wouldn’t have done that much anyway. " later - as part of Greg's answer: " The next opportunity is to acquire businesses in their totality, 100%. There are great times when we can do that. Warren touched on the $10 billion acquisition in the last quarter. But the value relative to the risk have to be right. If it’s right, we want to own it. If it’s not the time, there’ll be another time to own assets like that. Then there’s the opportunity to own pieces of companies through equity. But as Warren’s always highlighted, though we own a piece of a company, we own a piece of that cash flow, a piece of their balance sheet. It’s not just a share certificate. We’ll approach it with the thought that we’re going to own this company for the long term."

Barrons opining that Berkshire's contemplated but not executed deal may have been Sketchers. Family controlled company, low debt, cash balance, 85 year old long tenured CEO. Sketchers board would have solicited competing bids in private and Warren may not have known he might be bidding against his friend Jorge. We may be able to tell once the merger proxy gets published if there is something in the 'background of the merger' section about 'party number two, a well-financed diversified conglomerate, made an all cash no contingency offer but refused to raise its initial offer.' https://www.marketwatch.com/articles/berkshire-hathaway-10-billion-deal-skechers-ce4026b7?siteid=bigcharts&dist=bigcharts

That's kind of how BYD played out for them.

Sort of interesting that Berkshire Hathaway board member Wally Weitz can sell BRK stock in the fund he manages without filing as an insider. I wonder where the line is there. Presumably Chris Davis can do the same. Bruce has to file with JOE but that fund itself is over 10% so a different situation. Gaynor left the CABO board before dumping his stock in privacy. https://www.dataroma.com/m/holdings.php?m=WVALX

Energy 10Q -> https://www.sec.gov/ix?doc=/Archives/edgar/data/0001081316/000108131625000010/bhe-20250331.htm and Railroad 10Q -> https://www.sec.gov/ix?doc=/Archives/edgar/data/934612/000093461225000007/bni-20250331.htm

I'm a fan of the Popeye's chicken sandwich. But I like pickles, so your mileage may vary