Kuhndan

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

I haven’t received this year’s annual report. Curious if other shareholders on the board have received theirs and if so when?

My guess is they will save $400,000-$500,000 by going dark.

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.

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.

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.

#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.

Columbus is flying under the radar. Amazon already employees 6000 in Central Ohio

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.

This is an investment site. Plenty of other options for politics.

Corgi. Smartest most personable and loving dog I have ever seen.

Poor results. I wouldn't be pleased if he was managing my money.

That guy is done. Last issue was not up to par and was focused on one company (Cheasapeake). I wrote off my subscription some time ago.

Maxim no longer is carried at our local Kroger. Not sure at this point where I could buy it.

This book is a stinker. Tony should stick to his motivational speeches.

Many things funny about this, he might want to learn his new boss's name, its not Bilgari. Also love how they call Biglari a billionaire. Great reporting there. <<“It’s like 12 ways to decorate your dorm room. I want to do something for a more mature audience,” O’Brien said, before turning to how he met Bilgari, the Persian billionaire who purchased the men’s glossy for about $12 million.>> Here he goes again with the wrong name. Sidar?!! These two are off to a great start. <<“Some friends of mine brought up my name to Sidar,” O’Brien said nonchalantly. “We saw eye to eye on things. We wanted to do really great fashion and get the best writers, photographers and illustrators. I see a gap in the men’s market.”>>

Unfortunately Biglari has broken Buffett's first rule. This has been a money pit and I don't ever see it turning around.

Actual cash taxes paid are always at the bottom of the statement of cash flows.

Thanks Gamecock. I was able to get access. You are the man.

Me too. Thanks

Great job!

I take it that Houbolt was an early investor with Buffett?

Great read thanks for posting.

I had a chance to sign into the OID website and read the editor's note. This guy is too funny, he always acknowledges the fact that he hasn't produced anything in ages but makes it sounds like he will be a ball of fire going forward. I bet we see one issue and then another two year sabbatical.

45 percent quite comfortable to wait.