fareastwarriors Posted July 17, 2014 Share Posted July 17, 2014 Buffett's Achilles' Heel: Investing in Retail Billionaire and Berkshire Partner Munger Often Speak of 'Failures' http://online.wsj.com/articles/buffetts-achilles-heel-retail-investing-1405539148?mod=WSJ_hp_LEFTWhatsNewsCollection Link to comment Share on other sites More sharing options...
bookie71 Posted July 17, 2014 Share Posted July 17, 2014 Here is the non subscriber link: http://online.wsj.com/articles/buffetts-achilles-heel-retail-investing-1405539148?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702303714604580029961891070790.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted July 24, 2014 Author Share Posted July 24, 2014 Buffett’s Stock Gauge Seen Outdoing Shiller’s: http://www.bloomberg.com/news/2014-07-24/buffett-s-stock-gauge-seen-outdoing-shiller-s-chart-of-the-day.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 4, 2014 Author Share Posted August 4, 2014 Buffett Waits on Fat Pitch as Cash Hoard Tops $50 Billion http://www.bloomberg.com/news/2014-08-04/buffett-waits-on-fat-pitch-as-cash-hoard-tops-50-billion.html Link to comment Share on other sites More sharing options...
Guest longinvestor Posted August 4, 2014 Share Posted August 4, 2014 Buffett Waits on Fat Pitch as Cash Hoard Tops $50 Billion http://www.bloomberg.com/news/2014-08-04/buffett-waits-on-fat-pitch-as-cash-hoard-tops-50-billion.html I told myself on Friday, as the earnings came out that the media would fixate on this. It took all of two hours after the market opened. Same old arguments. When is the next elephant purchase? Why not a dividend? All questions have been answered in the annual report or at the AGM. One thing is certain, few other companies have this kind of a problem! Life at BRK moves at a different pace than the headline. Link to comment Share on other sites More sharing options...
peter1234 Posted August 5, 2014 Share Posted August 5, 2014 While Buffett has said that low yields made him avoid bonds, not even stocks have tempted him much this year. The filing showed that Berkshire spent $2.05 billion on equities in the first half, about a third of the total from a year earlier. Its sales of stock more than doubled to $2.96 billion. Thought this bit was interesting. Looks like not even Todd and Ted found much to buy. ;) Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 25, 2014 Author Share Posted August 25, 2014 Berkshire Sees Green With Geico Gecko Ads Help Make the Auto Insurer a Money Spinner for Warren Buffett, Who Calls the Firm 'My First Business Love' http://online.wsj.com/articles/berkshire-sees-green-with-geico-1408916799?mod=WSJ_hp_LEFTWhatsNewsCollection Link to comment Share on other sites More sharing options...
Guest longinvestor Posted August 26, 2014 Share Posted August 26, 2014 http://finance.yahoo.com/news/buffett-help-finance-burger-kings-004929762.html Two years ago WEB asked business leaders to call him and that he would be happy to "unburden" them if they wanted to invest capital but felt burdened about the future. Is this one of those? Link to comment Share on other sites More sharing options...
gfp Posted August 26, 2014 Share Posted August 26, 2014 BRK's $3 Billion preferred shares will accrue a 9% coupon Link to comment Share on other sites More sharing options...
Guest longinvestor Posted August 26, 2014 Share Posted August 26, 2014 BRK's $3 Billion preferred shares will accrue a 9% coupon Plus something? Sweeteners? Link to comment Share on other sites More sharing options...
gfp Posted August 26, 2014 Share Posted August 26, 2014 We probably won't know until they make a filing. I would guess that it has his usual redemption premium (~10%) and it is possible that it is a compounding security that earns 9% on accrued dividends (ie, doesn't pay cash dividends) BRK's $3 Billion preferred shares will accrue a 9% coupon Plus something? Sweeteners? Link to comment Share on other sites More sharing options...
Guest longinvestor Posted September 3, 2014 Share Posted September 3, 2014 We probably won't know until they make a filing. I would guess that it has his usual redemption premium (~10%) and it is possible that it is a compounding security that earns 9% on accrued dividends (ie, doesn't pay cash dividends) BRK's $3 Billion preferred shares will accrue a 9% coupon Plus something? Sweeteners? Berkshire gets 1.75% of the BK-TH company, per the NYT report Link to comment Share on other sites More sharing options...
gfp Posted October 2, 2014 Share Posted October 2, 2014 http://www.cnbc.com/id/102052785 - initial CNBC report http://www.berkshirehathaway.com/news/OCT0214.pdf - Berkshire / Van Tuyl group joint press release No information on price so far, but it looks around the same size as Sonic Automotive. Link to comment Share on other sites More sharing options...
peter1234 Posted October 2, 2014 Share Posted October 2, 2014 http://www.cnbc.com/id/102052785 - initial CNBC report http://www.berkshirehathaway.com/news/OCT0214.pdf - Berkshire / Van Tuyl group joint press release No information on price so far, but it looks around the same size as Sonic Automotive. I thought he only needed a new car. Now he buys the dealership... ;D Link to comment Share on other sites More sharing options...
Charlie Posted October 2, 2014 Share Posted October 2, 2014 http://www.businessinsider.com/warren-buffett-speaks-on-cnbc-oct-2-2014-10 Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 2, 2014 Author Share Posted October 2, 2014 http://www.cnbc.com/id/102052785 - initial CNBC report http://www.berkshirehathaway.com/news/OCT0214.pdf - Berkshire / Van Tuyl group joint press release No information on price so far, but it looks around the same size as Sonic Automotive. I thought he only needed a new car. Now he buys the dealership... ;D went in for a car and came out with a dealership Link to comment Share on other sites More sharing options...
Guest longinvestor Posted October 2, 2014 Share Posted October 2, 2014 Cross sell Geico. Loan working capital to dealership for inventory. Put that $55B to work. Financing car purchases? Or partner with WFC for referrals ? Underwrite leases? GM partnership? Clayton Homes comes to mind. Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 2, 2014 Author Share Posted October 2, 2014 more general news on the deal http://online.wsj.com/articles/berkshire-to-buy-car-dealership-group-1412253366?mod=WSJ_hp_LEFTTopStories Warren Buffett Buys New-Car Retail Chain Legendary Investor Says He Plans to Buy More Dealerships Over Time Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 2, 2014 Author Share Posted October 2, 2014 Buffett Nabs Car Dealership As First Step Into Fragmented Market http://blogs.wsj.com/moneybeat/2014/10/02/buffett-nabs-car-dealership-as-first-step-into-fragmented-market/ Link to comment Share on other sites More sharing options...
Palantir Posted October 2, 2014 Share Posted October 2, 2014 Similar in theme to his regulated investments, I guess, auto dealerships only exist because they are required to exist, and once you have enough scale, I assume it's hard for another guy to break in. Link to comment Share on other sites More sharing options...
Guest longinvestor Posted October 4, 2014 Share Posted October 4, 2014 http://www.bizjournals.com/kansascity/news/2012/11/21/kansas-city-entrepreneur-cecil-van.html?page=all My inquisitiveness lead me to doing searches on the Van Tuyl group and why BRK was most interested in them. Well, this obituary for the senior, Cecil Van Tuyl captures it well. Their growth has come down to this.. “He would train people to run his dealerships throughout the country and eventually become partners and share an ownership stake with him,” Robinson said. “He impacted the lives of people from Sioux Falls, S.D., to Bloomington, Ill., Kansas City, St. Joseph, Houston and Dallas. He would train people to go out and buy dealerships, then he’d have people in strategic spots at those dealerships to make sure they were successful.” Their secret sauce has been their mentoring of the dealer-owners. Their continued growth under Berkshire appears to only be limited by their ability to continue effectively mentoring any new dealers who come under the fold. Capital is not the limitation. Link to comment Share on other sites More sharing options...
dcollon Posted October 14, 2014 Share Posted October 14, 2014 Exit strategy on Buffett deal? Not so fast, says Larry Van Tuyl http://www.autonews.com/article/20141013/OEM02/141019958/exit-strategy-on-buffett-deal-not-so-fast-says-larry-van-tuyl Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 17, 2014 Author Share Posted October 17, 2014 The Warren Buffett of Everything http://www.bloomberg.com/news/2014-10-17/the-warren-buffett-of-everything.html Link to comment Share on other sites More sharing options...
DCG Posted October 17, 2014 Share Posted October 17, 2014 Van Tuyl is a big client of the company I work for. They've always seemed to be a well-run dealer group in my experience with them. Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 23, 2014 Author Share Posted October 23, 2014 Buffett Puts Wind in Berkshire’s Sails Billionaire Investor Doubles Down on Renewables in Energy Strategy http://online.wsj.com/articles/buffett-puts-wind-in-berkshires-sails-1414084146?mod=WSJ_hp_RightTopStories Link to comment Share on other sites More sharing options...
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