Liberty Posted March 4, 2014 Share Posted March 4, 2014 http://brooklyninvestor.blogspot.ca/2014/03/berkshire-hathaway-annual-report-2013.html Link to comment Share on other sites More sharing options...
CassiusKing1 Posted March 5, 2014 Share Posted March 5, 2014 Liberty, thanks for posting that. Nice read. Link to comment Share on other sites More sharing options...
Liberty Posted March 6, 2014 Share Posted March 6, 2014 I had a quick question about Berkshire's returns. Mohnish Pabrai has mentioned multiple times a study by 2 Professors (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=806246) that shows that purchasing stocks that Buffett purchases after the news is made public and selling them after that news is made public would have earned a 11% alpha during 1976-2006. Adding this to market return of 9-10% gives a 20% return. Buffett has stated himself that float adds 6-7% to the returns, so the implied return on Berkshire should be closer to 26% (20%+6%). However, Berkshire's longer-term annualized returns has been closer to 20%. Can someone please help me understand why is there a 6% difference I'm noticing? First thing that comes to mind is that Berkshire isn't just its equity portfolio. It has to hold lots of bonds for its insurance companies, and over time it became more and more an operating business. You could also look at changes in valuation by the market during that period (ie. did multiple to book go down). Link to comment Share on other sites More sharing options...
Palantir Posted March 24, 2014 Share Posted March 24, 2014 Do you guys get their annual report mailed to you? I heard that they are mailed, but I've never received one... Link to comment Share on other sites More sharing options...
gary17 Posted March 24, 2014 Share Posted March 24, 2014 I believe this depends on your setting - in canada i didn't get them either and we had to contact the broker and they gave us a control key to enter online to download the credential request... for the meeting. i believe you can just download the annual report from warren's website. gary Link to comment Share on other sites More sharing options...
Guest Posted March 25, 2014 Share Posted March 25, 2014 Do you guys get their annual report mailed to you? I heard that they are mailed, but I've never received one... Not yet. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted March 26, 2014 Share Posted March 26, 2014 When they do start coming in will somebody update this thread. I had a problem with this last year with my custodian and am hoping it's fixed for this year. TIA. Link to comment Share on other sites More sharing options...
wknecht Posted March 26, 2014 Share Posted March 26, 2014 I received my annual report and proxy information in the mail at the end of last week (think Thursday). I use Scottrade, and am experimenting with their option for U.S. mail delivery of proxies and shareholder information rather than electronic. Link to comment Share on other sites More sharing options...
bookie71 Posted March 26, 2014 Share Posted March 26, 2014 I received mine today (Wed 3/26). It seems to take about a week longer for things to get to Alaska. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted April 1, 2014 Share Posted April 1, 2014 Got mine as well. Finally. Link to comment Share on other sites More sharing options...
Guest Posted April 2, 2014 Share Posted April 2, 2014 Cassius, Are you going to the meeting? Do any of you guys know how we can get the shareholder passes if we don't get the report? I still haven't gotten mine. Link to comment Share on other sites More sharing options...
Mephistopheles Posted April 2, 2014 Share Posted April 2, 2014 Cassius, Are you going to the meeting? Do any of you guys know how we can get the shareholder passes if we don't get the report? I still haven't gotten mine. You can show your brokerage statement for proof that you own the shares. And you can probably get the proxy through your broker, which includes a post card that you can print out and send in to receive your materials. You should probably do that soon though. Link to comment Share on other sites More sharing options...
Guest Posted April 2, 2014 Share Posted April 2, 2014 Thanks, Meph. I'll give them a call. :) Link to comment Share on other sites More sharing options...
Palantir Posted April 3, 2014 Share Posted April 3, 2014 I have sent my request for credentials last week but have not heard back...is this typical? Link to comment Share on other sites More sharing options...
Guest Posted April 3, 2014 Share Posted April 3, 2014 I have sent my request for credentials last week but have not heard back...is this typical? I went in 2010 and, from what I remember, it took a little while to get back. Memory is a little fuzzy on that one though. Link to comment Share on other sites More sharing options...
shalab Posted April 3, 2014 Share Posted April 3, 2014 From Borsheim's website: http://borsheimsbrk.com/events Meeting Credentials Borsheims does not issue meeting credentials. There will be a Shareholder Services Kiosk in the lobby of the CenturyLink Center for shareholders who have made prior arrangements to pick them up there. Any questions or problems that shareholders may have regarding the weekend and/or their meeting credentials can be handled at the Kiosk. Proof of ownership and photo identification are required before credentials will be issued. Link to comment Share on other sites More sharing options...
Mephistopheles Posted April 3, 2014 Share Posted April 3, 2014 I have sent my request for credentials last week but have not heard back...is this typical? I just called them today and they said they haven't sent them out yet. Link to comment Share on other sites More sharing options...
Mephistopheles Posted April 3, 2014 Share Posted April 3, 2014 Thanks, Meph. I'll give them a call. :) Anytime :) Link to comment Share on other sites More sharing options...
Palantir Posted April 4, 2014 Share Posted April 4, 2014 Received my credentials today. Link to comment Share on other sites More sharing options...
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