Buffett/Berkshire - general news

[73 Reds]

11 minutes ago, cubsfan said:

 

Pretty cool - nothing slips by GFP. Warren would be proud.

+1.  Not only that, since I joined this Board, GFP is easily top 3 in direct value added.  Kudos.

[gfp]

you guys want a clerical error spotted in your Yen bond prospectus I'm your man.  Busy buying Fairfax shares over here - they keep getting cheaper!  It's like the old days 

[73 Reds]

2 minutes ago, gfp said:

you guys want a clerical error spotted in your Yen bond prospectus I'm your man.  Busy buying Fairfax shares over here - they keep getting cheaper!  It's like the old days 

Yeah, bought some earlier and will continue buying next week if it keeps falling.  

[Munger_Disciple]

37 minutes ago, gfp said:

you guys want a clerical error spotted in your Yen bond prospectus I'm your man.  Busy buying Fairfax shares over here - they keep getting cheaper!  It's like the old days 

 

Can you tell us the clerical error in the bond offering that you identified? 

[Hektor]

Warren Buffett: It's not me!

 

 

 

 

OMAHA, Neb.--(BUSINESS WIRE)--It has come to the attention of Warren Buffett that there are several videos posted on YouTube that include alleged comments of Mr. Buffett by images or AI created images impersonating Mr. Buffett. Generally, such video images of Mr. Buffett may appear to look like him but the sound of the impersonator speaking in a very flat monotone voice is clearly not the voice of Mr. Buffett. A link to one such video appearing on YouTube follows: https://www.youtube.com/watch?v=jJ3ZHkZF13s. Mr. Buffett is concerned that these types of fraudulent videos are becoming a spreading virus. Individuals who are less familiar with Mr. Buffett may believe these videos are real and be misled by the contents of these videos.

 

Mr. Buffett has rarely commented publicly since Berkshire’s shareholder’s meeting last May. On Monday, November 10^th, Berkshire will be issuing a press release which will contain a message from Mr. Buffett regarding philanthropy, Berkshire and other matters that Berkshire shareholders and others may find to be of interest. The press release will be posted on Berkshire’s website.

 

 

 

 

[John Hjorth]

23 hours ago, gfp said:

I always nerd out a little when the Berkshire CFO emails me but nobody cares around here so I'm posting it to you nerds.  We were only discussing a clerical error in the yen bond prospectus but still he's a nice guy.

 

 

There is no doubt Marc Hamburg is a very good and competent CFO. I think of him as a conciligiere of Buffetts, professionally available at any time for Mr. Buffett, almost always in the background, out of the limelight. I can't help to admire him for his work.

 

- - - o 0 o - - -

 

I'm still an uncurable nitpicker, but where I now more try to behave by avoiding doing so. I've once found a typo with a clearly misplaced comma in some text [it wasen't in a number] in a Berkshire 10-Q or a 10-K, which I diden't mark up, and I will never be able to find it again. One tiny typo in all those pages for so many years!

 

My first and second bosses adressing me : 'Don't even bother to come to me with stuff for approval that is filled with such errors! You need to learn to hold your pencil right!'  They both were like two separate clones of 'Rainman' with numbers. Absolutely incredible hawkeyes! I speculate I incurred some kind of untreated PTSD, that eventually caused me to develop a nitpicking brain damage!

 

- - - o 0 o - - - 

 

Then there is this Berkshire News Release about a missing a SEC filing years ago, causing Berkshire to incur a huge SEC fine, I can't remember the exact figure, to the best of my recollection upper half range six digit figure, where it later became evident, Mr. Buffett must have said to Mr. Hamburg : 'Don't let it get under your skin - I'll fix it for you!', meaning no bonus to Mr. Hamburg next time bonusses were up for discussion!

Edited November 8, 2025 by John Hjorth

[Luke]

19 hours ago, gfp said:

you guys want a clerical error spotted in your Yen bond prospectus I'm your man.  Busy buying Fairfax shares over here - they keep getting cheaper!  It's like the old days 

Nice to see you loading up! 

[wescobrk]

Buffett’s farewell letter will be released tomorrow.

it sounds depressing as hell to me.

i was so excited every February to read his shareholder letter and then see him in Omaha.

I’ll have to get use to reading a letter from Greg and seeing him on the stage without Warren.

[John Hjorth]

38 minutes ago, wescobrk said:

Buffett’s farewell letter will be released tomorrow.

it sounds depressing as hell to me.

i was so excited every February to read his shareholder letter and then see him in Omaha.

I’ll have to get use to reading a letter from Greg and seeing him on the stage without Warren.

 

Yes, it vill be a strange experience for for all of us. And I the you call it, @wescobrk, 'farewell letter' is the right interpretation.

 

For those, who may not know the source for what @wescobrk is alluding to, it's included  in the 'Its's Not Me' Press Release of November 6^th 2025 :

 

Quote

Mr. Buffett has rarely commented publicly since Berkshire’s shareholder’s meeting last May.  On Monday, November 10^th, Berkshire will be issuing a press release which will contain a message from Mr. Buffett regarding philanthropy, Berkshire and other matters that Berkshire shareholders and others may find to be of interest.  The press release will be posted on Berkshire’s website.

 

Edited November 10, 2025 by John Hjorth

[wescobrk]

In February of 2026 will be the first letter since 1956 a letter didn’t go out to at least a handful of people.

another way to to look at it is since 1951 without a publication of a letter when he wrote the security I like best.

wrap your heads around that, first time in 75 years!

I don’t even want to talk about it anymore it’s so depressing.

[Munger_Disciple]

1 hour ago, wescobrk said:

In February of 2026 will be the first letter since 1956 a letter didn’t go out to at least a handful of people.

another way to to look at it is since 1951 without a publication of a letter when he wrote the security I like best.

wrap your heads around that, first time in 75 years!

I don’t even want to talk about it anymore it’s so depressing.

 

Warren's letters and other work in the past 75 years leaves us with a lot of timeless advice and wisdom. And health permitting, he will still be Chairman in 2026. So there is that.

Edited November 10, 2025 by Munger_Disciple

[Spooky]

I feel similarly - my whole investing life has been with Buffett and until recently Munger as guiding lights. Not sure if there is anyone else out there that can take up their mantle of providing timeless wisdom, not even just about investing. 

[John Hjorth]

On 11/8/2025 at 1:35 PM, John Hjorth said:

... Then there is this Berkshire News Release about a missing a SEC filing years ago, causing Berkshire to incur a huge SEC fine, I can't remember the exact figure, to the best of my recollection upper half range six digit figure, where it later became evident, Mr. Buffett must have said to Mr. Hamburg : 'Don't let it get under your skin - I'll fix it for you!', meaning no bonus to Mr. Hamburg next time bonusses were up for discussion!

 

I found it : Berkshire Hathaway - News Release [August 20^th 2014] : Statement of Warren E. Buffett, CEO of Berkshire Hathaway Inc.

 

Fine was USD 896,000.

[dcollon]

Warren's Letter

 

https://www.berkshirehathaway.com/news/nov1025.pdf

[Spooky]

Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior.

 

Amen

[MungerWunger]

Edited November 10, 2025 by MungerWunger

[KPO]

1 hour ago, dcollon said:

Warren's Letter

 

https://www.berkshirehathaway.com/news/nov1025.pdf

He spoke to a lot of audiences with this one. Really enjoyed reading it and glad he’s planning more…..at least as long as his health continues to hold up. 

[Buckeye]

“my annual Thanksgiving letter” was my favorite part!

[Munger_Disciple]

It seems to me that Buffett is implying that he would convert A shares to B shares (as he has been doing so far) when he accelerates the gifts to his children's foundations when he says he will continue to hold on to A shares till the shareholders become comfortable with Greg. 

[Parsad]

For all here, don't be sad, but glad that your life was gifted with the wisdom of such a man!

 

Like how Buffett was lucky where he was born, we are all fortunate to have been born when he existed and was offering us all of these lessons.

 

"God only knows where I'd be without you..." - Brian Wilson

[wisowis]

"You will never be perfect, but you can always be better."

[aws]

I hope we get Thanksgiving letters for many years to come.

[Libs]

There will never be another like him.

 

[LC]

Great letter. I think stepping down is a good thing. IMO he should've done it sooner...this letter reads a lot more forgiving and human than his annual reports. I really enjoyed reading it.

[Pellom]

I think he gave Greg cover to sell off some of the lesser performing business lines.