Buffett/Berkshire - general news

[Parsad]

On 12/10/2024 at 1:04 PM, gfp said:

 

That's a hilarious story!  Thank for sharing that

 

Actually, the hilarious part is that has occurred more than once between Tilson and Munger!  Munger would roll his eyes every time Tilson got up to ask a question at other meetings.  Cheers!

[WFF]

more Versign being bought by Berkshire.

 

https://www.sec.gov/Archives/edgar/data/1067983/000095017024140587/0000950170-24-140587-index.htm

[DooDiligence]

Here's an interesting writeup.

 

https://jefftowson.com/membership_content/why-did-berkshire-invest-in-verisign-1-of-2-tech-strategy-daily-article/

 

===

 

They get another 6 years.

 

https://www.ntia.gov/blog/2024/com-cooperative-agreement-ensuring-internet-stability-and-security

Edited December 27, 2024 by DooDiligence

[CorpRaider]

Is there a chance this Verisign position might be the big dog?  I guess we'll know if it keeps growing.

Edited December 30, 2024 by CorpRaider

[gfp]

3 minutes ago, CorpRaider said:

Is there a chance this Verisign position might be the big dog?  I guess we'll know if it keeps growing.

 

If my memory is correct, this was one of Todd Combs' early positions when he came on board at Berkshire.  I'll have to go back and figure out why I thought that - maybe it was the broker he used or something he said.

[CorpRaider]

1 minute ago, gfp said:

 

If my memory is correct, this was one of Todd Combs' early positions when he came on board at Berkshire.  I'll have to go back and figure out why I thought that - maybe it was the broker he used or something he said.

Ahh ok.  Thanks.  Don't go to any trouble on my behalf.

[gfp]

Some more VRSN purchases.  A few tip offs that it's not Warren himself are that much of the stock is held in the various pension funds, which was the first capital he turned over to Todd and, later, Ted.  Also these trade sizes are not Warren's style at all.

https://www.sec.gov/Archives/edgar/data/1067983/000095017024141263/xslF345X03/ownership.xml

[bennycx]

Had some VRSN as "cash alternatives". Didn't expect it to outperform what I thought were better "investments". Not sure now if to keep or sell.

[Charlie]

Good interview with Chris Davis talking about Berkshire Hathaway:

 

 

[sleepydragon]

According to Li Lu, when Munger is 99

years old, he found an idea reading Barron’s and bought a stock that everyone hated and politically incorrect to buy, and the stock has doubled. Any guess what it could be?

 

 

[rogermunibond]

 

[sleepydragon]

5 minutes ago, rogermunibond said:

 

this was many years ago , it was a small company that owned a lot of lands in texas and they found oils 

[sleepydragon]

6 minutes ago, rogermunibond said:

 

this was many years ago , it was a small company that owned a lot of lands in texas and they found oils 

[Whensthepaintdry?]

@sleepydragon could it be SOC? It looks like it has just about doubled since that time. 

[sleepydragon]

8 minutes ago, Whensthepaintdry? said:

@sleepydragon could it be SOC? It looks like it has just about doubled since that time. 

I didnt find any article from barrons on SOC though

[Whensthepaintdry?]

I didn’t realize the Barron’s comment and the comment about Munger finding a new investment at 99 was related. 

[Whensthepaintdry?]

After re reading it i don’t think the Barron’s investment is related to the investment he made at 99. Unless the translation is off. Who knows I was wondering the same. SOC showed up in Li Lu’s last filing. It is definitely hated right now and has doubled. 

Edited January 3, 2025 by Whensthepaintdry?

[gfp]

Charlie mentioned two barrons-sourced investments.  The one that he exited with $80m to give to Li Lu was Tenneco and the one at age 99 was the one that he saw double before his death and his heirs still hold.

Edited January 3, 2025 by gfp

[Monsieur_dee]

I don't know think it would be SOC because it would have doubled after his passing.

Curious what he bought, considering he doesn't swing often.

PDD ?

[WFF]

6 hours ago, Whensthepaintdry? said:

After re reading it i don’t think the Barron’s investment is related to the investment he made at 99. Unless the translation is off. Who knows I was wondering the same. SOC showed up in Li Lu’s last filing. It is definitely hated right now and has doubled. 

My understanding is that the latest at 99 was not from Barrons.   
 

SOC could be up Munger’s wheelhouse, he understand oil and law/regulations.

[gfp]

https://finance.yahoo.com/news/us-regulator-sues-berkshire-unit-140627825.html

[Pellom]

On 1/3/2025 at 9:42 AM, sleepydragon said:

According to Li Lu, when Munger is 99

years old, he found an idea reading Barron’s and bought a stock that everyone hated and politically incorrect to buy, and the stock has doubled. Any guess what it could be?

 

 

Another translation I saw says it was a coal stock.

 

My guess is it's Alpha Metallurgical Resources - it doubled in roughly the same timeframe described, and Mohnish Pabrai and Guy Spier bought shares in their funds shortly thereafter. 

[73 Reds]

2 hours ago, gfp said:

https://finance.yahoo.com/news/us-regulator-sues-berkshire-unit-140627825.html

Hmm, what's next - is the government going to start suing landlords who rent to tenants who can't afford the rent?  

[gfp]

48 minutes ago, 73 Reds said:

Hmm, what's next - is the government going to start suing landlords who rent to tenants who can't afford the rent?  

 

I don't know but we just had to turn down a prospective tenant who applied but couldn't afford the apartment and I was sort of worried he would come back with some discrimination stuff.  Dude put his Mother down as his only reference LOL...  My first thought was to forward him this article and explain how irresponsible it is for a landlord to trap a tenant in a contract that can't afford but luckily that is my wife's department and I fix the toilets where my strengths lie.

[John Hjorth]

3 minutes ago, gfp said:

I don't know but we just had to turn down a prospective tenant who applied but couldn't afford the apartment and I was sort of worried he would come back with some discrimination stuff.  Dude put his Mother down as his only reference LOL...  My first thought was to forward him this article and explain how irresponsible it is for a landlord to trap a tenant in a contract that can't afford but luckily that is my wife's department and I fix the toilets where my strengths lie.

 

I can't stop laughing now!