Yeah, I think what was meant here is "no idea how to precisely value BRK", not "no idea at all". It's different to have an estimate, even if only based on what some other people you trust have said or done, than to have zilch.
Wow, 11 years! I'm such a grasshopper compared to the old breed here.
Happy birthday to CBF, thank you Parsad for all that you do to keep this place the best investing community on the net, and thanks to everybody who contributes! I've learned so much from all of you. :)
One of the things I really like about The Economist is that pretty much every week they have an update on Venezuela. It's crazy just how bad governance is there and how a country that had everything to succeed is figuring out ways to screw itself, and it'll probably take a really long time to unscrew it.
There's been many signs for many months now. I think we're slowly reaching a point when things will start to accelerate because the mainstream sentiment will start to change. But we'll see.
Now for something on the lighter side:
http://www.businessweek.com/articles/2013-02-07/geicos-gecko-has-written-a-book#r=hp-ls
Interesting branding exercise....
I just opened Photoshop CS3, rotated 90 degrees CW, and cropped the top of the pic so it's more centered on our two handsome protagonists. Not sure why your program wouldn't let you rotate...
That's the thing. If the alternative is doing the work yourself, then I think history has shown us that people won't do it. I think that if Moody does the minimum to show that its aware of past problems and working to improve things, they'll stick around for a long time. But I'm not expert in that field, just my best guess.
I posted it quickly because it's about Buffett and figured maybe it could lead to some interesting discussion about that holding, but I agree that the move in the stock price itself doesn't mean much.
I'm sure the only thing Buffett is thinking about is whether there's a permanent change in the business' intrinsic value or not.