Charlie

It's much more simple to own just Berkshire and enjoy life. There's a diminishing marginal utility to earning money if you have already enough money and especially if you don't enjoy the work or the work is unhealthy. I liked his focus. One of the best Buffett-Imitators. Anyone know his long-term track record?

Barrons has stolen the question from this thread: https://www.barrons.com/articles/stick-with-berkshire-hathaway-stock-even-if-warren-buffett-has-gone-quiet-51586542320 ;)

2019 annual letter is out: http://www.givernycapital.com/en/doc/236/Giverny_Capital_-_Annual_Letter_2019_web_.pdf Cheers! :)

Added more Berkshire b shares.... I hope Buffett find some great bargains with the cash hoard. :)

Bought some more Berkshire B shares. :) Today morning it looked like some panic selling. Help them when they want desperately to sell. ;)

"really horrible write-up on Berkshire in Barrons this weekend as a cover story. Basically calling for a breakup and a dividend...one of the worst piece I've seen on Buffett and Berkshire for sometime." +1 He should have read Buffetts´ comments on the topics.... That doesn't stop him to congratulate himself: "We like to think that Barron’s provides the best coverage of Berkshire anywhere." ;)

I bought some Berkshire b shares over the week. Results should be very good and the Apple shares did perform quite well. P/B is 1,41.

Merry Christmas everyone and a Happy New Year! :)

"Some of us around here should be experiencing the said joys ourselves with an unnamed stock ownership ;) We are the book, no?" OK, just buy the unnamed stock, experience the joy and forget the book. :)

Thank you for the information. :)

It sounds like an interesting book, but it is out of order at Amazon. Anybody who has read it and does know where I can buy it?

Bought some Berkshire b shares today. The results on Saturday should be good, the big equity positions are up nicely and Berkshire´s share price is underperforming. A good combination. :)

- Aldi - Lidl - Lindt & Sprüngli - Ferrero - Engel & Völkers - Hannover Rück - Ikea The strong US dollar would be a nice tailwind for European acquisitions. :)

I also bought some Berkshire B shares. Nice prices before a probably good earnings release and I liked the Apple results. :)

Allan Mecham increased his Berkshire stake by 55,05%. https://www.dataroma.com/m/holdings.php?m=AV Cheers!

I find Mr. Rochon doings and writings always interesting, too and always learn something. :) I thought his arguments about the index investing were a little bit weak and his comparison with 1998. He wants to keep his clients. ;) I have no idea, but it looks like he bought the additional US banks in 2019. As a Buffett student I would guess he bought BAC, US Bancorp and Wells Fargo.

2018 annual letter is out: http://www.givernycapital.com/en/doc/224/Giverny_Capital_-_Annual_Letter_2018_web_.pdf Cheers!

"I thought the letter was short and sweet. We should get used to that anyway. " +1 I liked this part: "Let’s now look further at Berkshire’s most valuable grove – our collection of non-insurance businesses – keeping in mind that we do not wish to unnecessarily hand our competitors information that might be useful to them. Additional details about individual operations can be found on pages K-5 – K-22 and pages K-40 – K-51. Viewed as a group, these businesses earned pre-tax income in 2018 of $20.8 billion, a 24% increase over 2017. Acquisitions we made in 2018 delivered only a trivial amount of that gain. I will stick with pre-tax figures in this discussion. But our after-tax gain in 2018 from these businesses was far greater – 47% – thanks in large part to the cut in the corporate tax rate that became effective at the beginning of that year. Let’s look at why the impact was so dramatic."

Good warm-up read for the annual letter and great Berkshire analysis. :)

John Hjorth, I mentioned Munich Re results as an indicator of Berkshire´s next reinsurance results. The results should be good. :) Cheers!

I bought some Berkshire shares. Munich Re reported good reinsurance profits.

Merry Christmas! Thank you for this great message board. :)

I bought Berkshire shares for my parents with the proceeds of sale of Sanofi S.A shares.

I bought some more Berkshire shares for my parents with proceeds of Kraft shares sale. :-\

Sold Phillips 66 shares of my parents and bought Berkshire. I thought about buying Apple, but I think the probability of doubling of Berkshire is higher than doubling of Apple in a few years.