Kuhndan
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Posts posted by Kuhndan
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I live in the same house we bought 36 years ago. I’m couldn’t imagine living any place else.
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Whose bread I eat, his song I sing!
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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.
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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!
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Todd Combs - Investing, the Last Liberal Art, Oct 9th, 2023
Edited 5 hours ago by VersaillesinNY
That was awesome! Thanks for posting
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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.
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I don’t have a subscription to the article but it is about this guy
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+ 2.9% largely thanks to BRK
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Love the TIKR and also signed up for the premium service yesterday. Best value for the money I’ve seen.
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PayPal let’s you buy and Bitcoin without any fees through 12/31.
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Great stuff, thanks for posting!
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I'm not saying it isnt cheap (and I'm long) but if you count the equities you are implicitly including a bunch of the value of the insurance. There were over $160 B in liabilities related to the insurance operation last quarter. I get the concept of float, but I think treating that as equity (vs a long term cheap loan) is an aggressive way to think about it.
If you wanted to sell the insurance cos without their financial assets but with their policy liabilities, you'd be sending a bunch of money out the door to get someone to take them.
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.
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I took a stab at valuing Berkshire in a recent Seeking Alpha article based upon Buffett’s comments in his 2018 annual letter. I continue to think it is a great value.
https://seekingalpha.com/article/4296869-berkshire-hathaway-forest-selling-discount
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I haven’t received this year’s annual report. Curious if other shareholders on the board have received theirs and if so when?
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My guess is they will save $400,000-$500,000 by going dark.
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The final straw for me was when they changed the administrative fees for The Lion Fund. Basically mimics a 2 and 20 payment plan. He has really only purchased two stocks, Cracker Barrel and BH, which does’t seem to warrant $6 - $7 million a year. Throw in all of the conflict issues, royalty agreement, incentive comp agreement at BH, the CCA deal, the rights offering at a much lower price to buy back stock at a much higher to gain control and I lost faith.
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Check out this link.
https://www.sec.gov/Archives/edgar/data/721447/000120919116128259/xslF345X03/doc4.xml
Sardar really doesn’t care, he already made his money on CCA back in 2016. The Lion Fund transferred the shares to Biglari Holdings at $5.75 (see bullet point number 3). Is this a conflict? At the time, CCA was selling for significantly less. The move enabled him to book a gain at the Lion Fund, meanwhile Biglari Holdings shareholders have been waiting to be paid. My guess is Funston doesn’t have the money and he isn’t getting any bites on selling the company any where close to $6.00 a share. Only thing they can do is wait. Not a good look.
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I love Barron’s. Dropped Business Week. Good information and love it comes out on Saturday so you have some investing news to read over the weekend.
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#22 Holmes is notoriously secretive, and while she's been criticized by industry peers as such, insists she must protect her technology from the prying eyes of competitors.
I guess there was a reason she was so secretive.
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Columbus is flying under the radar. Amazon already employees 6000 in Central Ohio
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Bought 100 shares of Control Data in 1976 when I was 16. It took me seven years to save up $2,300 mowing grass and delivering papers. Sold out at $2,800 several months later and I’ve been hooked ever since. Couldn’t believe you could make that kind of money without “working” for it. Always been thankful that that first investment worked out. Things probably would have been different if it was a loss.
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This is an investment site. Plenty of other options for politics.
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Corgi. Smartest most personable and loving dog I have ever seen.
Los Angeles Public library
in Berkshire Hathaway
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That’s really cool! Thanks for sharing