gfp

I think they were just pointing out the level that the S&P 500 had already bounced back to following the mini banking "crisis."

Ha! No thoughts on NVDA personally, but I can't be the only one out there that has had a big 'ole downtrend line drawn on Apple for over a year and there went the stock price right into it and stopped going up. Look out if it breaks higher though. It looks like a popular line in the sand to draw.

There was a large block trade (~$3.5 million, large for this security) on Friday that appeared to be initiated by the buyer (price went up). There was also a 4,000 share insider purchase reported recently. Not aware of any specific news but the value gap can start to close at any time unpredictably.

Berkshire is about to borrow in Yen again. It will be interesting to see if they keep increasing the size. They were still buying sogo shosha at year-end so might want to expand the yen float to match the growing size of the Japanese equity basket. Lots of positive carry in addition to the built in currency hedge. https://www.sec.gov/Archives/edgar/data/1067983/000119312523091454/d380137d424b5.htm

+1 !! Three cheers to muscleman's early anecdotes and word on the street info that he shared with us all. It was certainly helpful and timely

I came across a written version of this interview in case anyone is interested in saving a copy. https://drive.google.com/file/d/132Aul_OH0hNP3B00S5jcIEtgAnbdV1Cq/view Singleton Prize for CEO Excellence_ Charlie Munger in Conversation with Todd Combs_020623.pdf

https://www.marubeni.com/en/research/report/political_economy/global/data/shoshaexp-20170629_003.pdf This might help. Also at least a couple seeking alpha articles taking a look since Berkshire's investment became public - https://seekingalpha.com/article/4373016-reverse-engineering-buffetts-thinking-those-japanese-trading-companies

Don't worry, Dinar has doubts

I believe he was specifically commenting on Potash.

It's funny, and I guess it reveals our internal biases to some degree, that Cod Liver Oil thought dealraker was referencing Apple while I read the same post and immediately assumed he was referencing Tesla.

Yeah, I got a condo in Ft. Myers under contract 2 days ago for my Mother to live in (her last place flooded). Contract above asking price (which wasn't underpriced), just a couple days on the market, multiple offers above asking price. I wouldn't have won it at all if the listing realtor wasn't favoring our bid and sending "suggestions" back to us on a modified offer to match another bidder. Not very ethical of that realtor but happy to have the help.

Greg bought the dip again - https://www.sec.gov/Archives/edgar/data/1646348/000108131623000009/xslF345X04/wf-form4_167942916524621.xml (55 A-shares, $24.6m)

Ally Financial is a bank. Not going to happen. Berkshire will not acquire a bank and is unlikely to go above 10% ownership of Ally Financial.

The reported volumes have been rising, but it is hard to tell what is real volume since the advent of fractional share trading. A-share volumes are actually a tiny fraction of what gets reported as volume. I think Berkshire and their order execution partners (probably Wallachbeth capital, who they seem to use for almost everything) have a good handle on what the actual daily volumes are on A-shares.

Yep, that is right - about $1.16 Billion worth between 2/13 and 3/8 if you use $305/B-share as a guess on avg. cost. Similarly, about $1.845 Billion worth of repurchases since 12/31 if you use $305/B-share as an avg. cost. 3/8 share count is 2.183547 Billion B-share equivalents ($641 Billion market cap) 3/8 share count is 1,455,698 A-share equivalents.

Here is an article comparing advertising spending for GEICO and their competitors. As mentioned in BRK's annual report, GEICO was putting up horrible numbers even after a sharp drop in ad spending. https://www.insurancebusinessmag.com/us/news/breaking-news/geico-reports-largest-cutback-in-ad-spend-for-2022-439853.aspx

This much! https://www.sec.gov/Archives/edgar/data/315090/000089924323008649/xslF345X03/doc4.xml

More buying from insiders at RYAN this week https://www.sec.gov/Archives/edgar/data/1145037/000120919123019008/xslF345X03/doc4.xml https://www.sec.gov/Archives/edgar/data/1849253/000120919123018647/xslF345X03/doc4.xml

Berkshire's proxy should be out any day now. I don't even know who they are calling the "lead" independent director these days. At one point it was Gates.

This is the letter the SEC sent https://www.sec.gov/Archives/edgar/data/1067983/000000000022009598/filename1.pdf Berkshire's response "As requested, we confirm that we will enhance future proxy disclosures in accordance with topics discussed in the Corp Finance Letter as well as to any material developments to Berkshire Hathaway's risk oversight structure."

Not exactly but the gist is correct. Berkshire was granted permission to have their BAC ownership rise to as high as 24.9%. They are also permitted to own just shy of 25% of American Express (also a bank holding company) and are currently over 21% if I remember correctly.

I didn’t even know a tweet could be that long. He must pay for extra characters

In case anyone forgot with all the attention on the Fairfax Financial letter, Fairfax India's letter and especially the section on BIAL (pages 7-10) is very good. https://s1.q4cdn.com/293822657/files/doc_downloads/2023/03/FIH-2022-Anual-Report-Letter-to-Shareholders-with-Attachments-Final.pdf

Just put in an order for a built-in sub-zero panel ready fridge for my in-laws. 12 months lead time to get one! Doesn't sound like a recession to me.

You tried wireless Qi pad charging also?