Kuhndan

So what did Hamburg say?

He has significantly underperformed the S & P 500 in 10 out of the last 11 years. Not sure he ever had an edge. Most likely luck.

So true. If an investment letter doesn’t lead off with a summary of their historic investment results, I think there is a very good chance they have underperformed the market.

1997 For me

I would never keep my money with an investment manager that wrote a 150 page annual letter. That’s valuable time that could be spent on investment research and shows a mind that has an inability to focus on what’s important.

Didn’t Buffett sing Guard’s praises in the 2020 annual letter? I remember him saying the CEO was going to be a future superstar for Berkshire’s insurance group. Guess that didn’t work out.

Just finished the book. Congratulations! Original take and great detailed information on a portion of Buffet’s career not fully known.

Horizon was really bad. Can’t believe they plan on doing three more!

I sold out of the money calls several months ago thinking it wouldn’t hit $460…. and here we are.

I don’t know, having a guy named Kuppy managing my money, just doesn’t feel right.

I took a middle ground on my Berkshire stock. Sold the $460 calls. Pocketed the premium and potentially sell out at a higher price (although fingers crossed it doesn’t hit $460!)

That’s really cool! Thanks for sharing

I live in the same house we bought 36 years ago. I’m couldn’t imagine living any place else.

Whose bread I eat, his song I sing!

My son was 6 years old and opened a brokerage account thinking I needed to plan for college. I bought $2,000 of stock in a company called Emulex. Fifteen months later the stock had gone up 80x’s. Literally crazy. Sold it and took care of college.

Well, it wouldn’t be the first time they have done something like this. As a long suffering Browns fan, I would be really happy if they swapped Pilot for the Browns!

Thank you!

Todd Combs - Investing, the Last Liberal Art, Oct 9th, 2023 https://www.joincolossus.com/episodes/14034172/combs-todd-combs-investing-the-last-liberal-art?tab=transcript Edited 5 hours ago by VersaillesinNY That was awesome! Thanks for posting

Buffett has said in the past that he anticipates Berkshire Hathaway stock going up once he passes as investor speculate on the break up value of the company. Given the Board in place and Buffett’s wishes, I don’t see a break up happening.

I don’t have a subscription to the article but it is about this guy https://www.amazon.com/dp/B0BSWQP3Y7?ref_=pe_3052080_397514860&asin=B0BSWQP3Y7&revisionId=&format=4&depth=1

+ 2.9% largely thanks to BRK

Love the TIKR and also signed up for the premium service yesterday. Best value for the money I’ve seen.

PayPal let’s you buy and Bitcoin without any fees through 12/31.

Great stuff, thanks for posting!

Good point. Buffett himself says that if you include the equities in your intrinsic value calculation, you do not include any value for the insurance companies.