gfp

That seems to be the case, which opens up the question of whether Paramount is a Buffett holding at all. I will check their last PARA filing to see if there is any information on where it is held within BRK.

Attached is the National Indemnity year end NAIC filing that includes investments. There are quite a few files - I am still going through them. I will post a few more later today (FWIW, they were selling AAPL for $192.75 / share on December 27th so it could have been primarily tax related - if for some reason it "made sense" to take a gain on AAPL for the 2023 tax year). edit: they were also selling AAPL the day before in Columbia Insurance at $193.79 / share. So decent prices 20087.2023.P.AN.PI.O.M.4665561.pdf

https://www.insurancebusinessmag.com/us/news/breaking-news/insurancebased-investment-scheme-labelled-ponzi-closed-down-479411.aspx Aww man, now I gotta shut down my "secrets of the NAIC" call buying fund! this guy ruined it for everyone. f*cking harvard...

Oh wow. So are we going to see a bunch of El Pollo Loco loaf of bread and Jack in the Box loaf of bread menu items in April?

Am I wrong that most people are making at least $15 per hour these days? I know that is still near impossible to live on, but it seems like through the pandemic even restaurant dishwashers were making at least $15 / hour. California's $20 minimum wage for fast food workers is going into effect in a month.

Cheers - I will post them but they are not out yet. The Annual filings take a bit longer to be published. I've seen quarterly filings actually come out before a company's 10Q before (which must be a no-no) - but never for a BRK sub. edit: if you are hoping to learn the "secret" financial security you will probably be out of luck (same as Q3) because it is hidden inside the Harney Investment Trust, Warren's go-to disclosure obscurer (is that a word?)

@Cigarbutt In the middle charts, "money growth and inflation," what are they plotting as "money growth?" It looks like the red line is "inflation." How are they defining "money growth?"

Are we gonna be OK? Should I be panicking because super-core ticked higher? Is capitalism working?

Greg Abel is leaving the Kraft Heinz board. I doubt there is much to read into this, probably just time management. Greg had a large increase in workload. Two Berkshire designees will remain on the KHC board. https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1637459/000163745924000029/khc-20240222.htm

Thanks - that's a great charting tool - bookmarked!

Yes, to the original point of the topic - the best way to avoid losing your position in a wonderful long-term compounder is to know the company better than almost anybody. That is how you gain the confidence that you actually do know the company and its prospects better than Mr. Market. To stop taking any cues whatsoever from the market price. That is what allows you to recognize a dip on a short seller's report as an opportunity to add and not the beginnings of doubt creeping in. It is what allows you to disregard the recent performance of the shares in deciding if it is a good investment today. And if you are not wired naturally for the long hold - a growing deferred tax liability helps. My average cost basis on FFH in CAD is $686 and for FRFHF is $569 - which isn't particularly low - because I never stopped adding shares. It is a better outcome than if I had just admired my pristine low cost basis and never made the position larger.

I do think you are conflating a post by someone else that mentioned 2013 with my post which preceded it and covered the period from September 2001 to the present, which is my holding period.

Well I didn't read the article but there are plenty of good reasons to sell Berkshire at a $930 Billion market cap this week. The best reason is always to put the capital into better investments.

I think you have me confused with somebody else. (and, no, I cannot invest anything in a tax deferred account and have never had one)

Ah yes, I see, the Morningstar chart was not properly accounting for the reinvestment of all dividends (or deducting any tax on those dividends). Ignoring the tax that would have been owed, the S&P 500 with all dividends reinvested at the time they were paid did 600% over my holding period of Berkshire. (9/2001 - present). Berkshire did 777.5% so only 177% better than the index. You'd be surprised how well 10% tax-deferred over a long period of time can do for ya.

Are you trading bitcoin at all hours or just intensely interested in the price moves? Are you buying or selling it?

Mr. Thebeau only makes killings. He doesn't get out of bed for 10%. Get it straight

I don't know when you were in pre-school but the Berkshire shares I manage have almost exactly doubled the total return of the S&P500 with dividends included since 2001 which is when I bought them (I was not a big trader in pre-school so this was after my schooling was complete). And over that entire period, unlike the index, the shares were rarely over-valued or worrying.

Uncle Warren will give it to you straight. You can buy plenty of t-bills if you find yourself a dealer. We've got a government to finance after all!

in other "cannibal" news, eBay just reported a decent quarter and another $250m repurchase - https://www.prnewswire.com/news-releases/ebay-inc-reports-fourth-quarter-and-full-year-2023-results-302073214.html

Is this a cry for help? Do you need a Charlie to lift the scales from your eyes?

what is "max allocation"? Is that a treasury direct thing or what?

Lex is on a role recently - Tucker Carlson today https://www.youtube.com/@lexfridman

Yes SMAs but no website, not a registered investment advisor and only have 10 clients and that's all I will ever have (edit: could definitely have fewer!)

The only accounts I manage that still have Berkshire in them are fully taxable accounts with very large positions in Berkshire shares at very low cost basis. The type of position those account owners intend to transfer to their heirs and chosen causes on death. I can't do much with it without causing them a bunch of problems but it counts towards my investment performance so I do what I can around the edges and borrow against it in reasonable amounts.