Buffett/Berkshire - general news

[Eldad]

17 minutes ago, marazul said:

Looking at the form 4 filing, seems likely Berkshire has repurchased $9bn so far since 1q26. It is an estimate and might vary between $12bn and $4bn given decimals. But good news.

Thanks. Great news. 

[Eldad]

Also, 2nd illusion to John D Rockefeller being the greatest capital allocator of all time by a BRK board member recently. Chris Davis also said in an interview the future of BRK will be like Standard/Exxon in cap allocation and keeping its culture. 

[Munger_Disciple]

1 hour ago, marazul said:

Looking at the form 4 filing, seems likely Berkshire has repurchased $9bn so far since 1q26. It is an estimate and might vary between $12bn and $4bn given decimals. But good news.

 

Yes, good catch! I estimated roughly $8-9B

[John Hjorth]

13 hours ago, Spekulatius said:

I can’t help it:

 

HaHa!  -And when GOOG reaches 2.000 or something like that and he sells a tiny bit, every Berkaholic [including me] whines like a whipped dog : 'Ohh-noo - why did you do that?! 

[John Hjorth]

10 hours ago, jbwent63 said:

Becky asked the question (I thought she was excellent in this visit), but Warren didn't answer (Will all the funds be spent within 12 months of receipt, or something like that).

 

9 hours ago, 73 Reds said:

Placing that kind of constraint on smaller charitable foundations is probably not what Buffett intends.  Legally, I believe charitable foundations only have to spend 5% of their assets each year for charitable purposes.  Buffett will probably impose lesser requirements on foundations run by his family members than he did on the Gates Foundation.

 

@jbwent63 & @73 Reds,

 

From the Berkshire Press Release :

 

Quote

... My goal is to dispose of all of my Berkshire shares within about eight years. As I explained last year, my children are unfortunately growing older. I have every hope that the three of them are able to carry out the disposal of my shares by December 31, 2034. ...

 

Wasen't there also something in the original gift letters [2006] where the foundations should ramp up donations to secure that the transfers of shares were tax free for Mr. Buffett?

[Milu]

16 hours ago, Spekulatius said:

I can’t help it:

Good meme. But one of buffets biggest strengths in my opinion is not letting previous stock price information (good or bad) have any influence in his assessment of whether an investment makes sense going forward. I believe Coca Cola was already a 2-3 bagger in the preceding 5 years before he made that investment. 

[John Hjorth]

3 hours ago, John Hjorth said:

@jbwent63 & @73 Reds,

 

From the Berkshire Press Release :

 

 

Wasen't there also something in the original gift letters [2006] where the foundations should ramp up donations to secure that the transfers of shares were tax free for Mr. Buffett?

 

Well, the link on Berkshire Hathaway main webpage to the original gift letters is today removed  :

 

 

I found the page anyway  here :

 

 

And the links are still working.

 

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Attached is the original gift letter til Belinda & Bill Gates Foundation.

 

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From the gift letter :

 

Quote

... There are three conditions to this lifetime pledge.  First, at least one of you must remain alive and active in the policy-setting and administration of BMG.  Second, BMG (or any intermediary) must continue to satisfy legal requirements qualifying my gifts as charitable and not subject to gift or other taxes.  And, finally, the value of my annual gift must be fully additive to the spending of at least 5% of the Foundation’s net assets.  I expect there to be a ramp-up period of two years during which this condition will not apply.  But beginning in calendar 2009, BMG’s annual giving must be at least equal to the value of my previous year’s gift plus 5% of BMG’s net assets.  If this amount is exceeded in any year, however, the excess can be carried forward and be offset against a shortfall in subsequent years.  Similarly a shortfall in a given year can be made up in the following year. ...

 

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So much for 'irrevocable', when you are among the richest [and powerful] persons on the planet. - Honestly, please give me a break.

bmgfltr - 20060626 - 20260716.pdf

[Spekulatius]

53 minutes ago, Milu said:

Good meme. But one of buffets biggest strengths in my opinion is not letting previous stock price information (good or bad) have any influence in his assessment of whether an investment makes sense going forward. I believe Coca Cola was already a 2-3 bagger in the preceding 5 years before he made that investment. 

This is a correct, Buffett doesn’t care about prior prices or whether is a stock is rising or falling. This is actually hard to do and something I struggle with.

 

I still don’t get why Buffett changed his mind so much on Google. He must have had some sort of Eureka moment. I hope it works out for them.

[Milu]

31 minutes ago, Spekulatius said:

This is a correct, Buffett doesn’t care about prior prices or whether is a stock is rising or falling. This is actually hard to do and something I struggle with.

 

I still don’t get why Buffett changed his mind so much on Google. He must have had some sort of Eureka moment. I hope it works out for them.

Yea it is very tough to do alright. I’ve always found it hard to buy a new position where stock has grown a lot before my purchase and also struggled with averaging up on existing positions I hold. Getting slightly better with time. Maybe I’ll have mastered it when I’m buffets age.

[73 Reds]

1 hour ago, John Hjorth said:

 

Well, the link on Berkshire Hathaway main webpage to the original gift letters is today removed  :

 

 

I found the page anyway  here :

 

 

And the links are still working.

 

- - - o 0 o - - -

 

Attached is the original gift letter til Belinda & Bill Gates Foundation.

 

- - - o 0 o - - -

 

From the gift letter :

 

 

- - - o 0 o - - -

 

So much for 'irrevocable', when you are among the richest [and powerful] persons on the planet. - Honestly, please give me a break.

bmgfltr - 20060626 - 20260716.pdf 15.67 kB · 3 downloads

John, he will acknowledge that he didn't anticipate certain future events.  Which is also the reason why I believe his advice to folks that they should share the contents of their Will with their children ahead of time is also often a mistake.  

[longlake95]

1 hour ago, John Hjorth said:

 

Well, the link on Berkshire Hathaway main webpage to the original gift letters is today removed  :

 

 

I found the page anyway  here :

 

 

And the links are still working.

 

- - - o 0 o - - -

 

Attached is the original gift letter til Belinda & Bill Gates Foundation.

 

- - - o 0 o - - -

 

From the gift letter :

 

 

- - - o 0 o - - -

 

So much for 'irrevocable', when you are among the richest [and powerful] persons on the planet. - Honestly, please give me a break.

bmgfltr - 20060626 - 20260716.pdf 15.67 kB · 4 downloads

Irrevocable, at the time, with information only known at that time. So, should Buffett just keep giving, given the seriousness of the Epstein mess? Give me break, it’s not about being rich and powerful, it’s about what is right. I’d bet Melinda is on side with Warren, irrevocable or not. 

[John Hjorth]

22 minutes ago, 73 Reds said:

John, he will acknowledge that he didn't anticipate certain future events.  Which is also the reason why I believe his advice to folks that they should share the contents of their Will with their children ahead of time is also often a mistake.  

 

11 minutes ago, longlake95 said:

Irrevocable, at the time, with information only known at that time. So, should Buffett just keep giving, given the seriousness of the Epstein mess? Give me break, it’s not about being rich and powerful, it’s about what is right. I’d bet Melinda is on side with Warren, irrevocable or not. 

 

Gentlemen @73 Reds and @longlake95,

 

Where is the logic in these considerations of yours just posted above?

 

Isen't it all about capital allocation decisions made by the capial allocator?

 

What has Bill Gates done wrong related to the donations from the Gates Fouddations?

 

For my personal part : What did Warren Buffett  do wrong with regard to Berskhire Hathaway capital allocation before I read 'The Snowball'? Did it make me dump my familys and my own Berkshire shares?

 

Answer : No.

 

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Do I even try to punish, reprimand Lulu the Cat of the House, if the Lady of House fiercely disagree with me on something I've proposed her for us to do? [I have absolute no say over what she intends to do - for her own capital, funds and money - and vice versa!]

 

If Lulu the Cat of the House don't behave like I want it to do, do I need to report it to  the Lady of House?

 

Answers to both : Absolutely not.

 

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All this Epstein hyperbole is about keeping up appearance, hand washing, and to make it go away, disappear, as soon as possible! - [Decandence culture]ⁿ! 

[73 Reds]

8 minutes ago, John Hjorth said:

 

 

Gentlemen @73 Reds and @longlake95,

 

Where is the logic in these considerations of yours just posted above?

 

Isen't it all about capital allocation decisions made by the capial allocator?

 

What has Bill Gates done wrong related to the donations from the Gates Fouddations?

 

For my personal part : What did Warren Buffett  do wrong with regard to Berskhire Hathaway capital allocation before I read 'The Snowball'? Did it make me dump my familys and my own Berkshire shares?

 

Answer : No.

 

- - - o 0 o - - -

 

Do I even try to punish, reprimand Lulu the Cat of the House, if the Lady of House fiercely disagree with me on something I've proposed her for us to do? [I have absolute no say over what she intends to do - for her own capital, funds and money - and vice versa!]

 

If Lulu the Cat of the House don't behave like I want it to do, do I need to report it to  the Lady of House?

 

Answers to both : Absolutely not.

 

- - - o 0 o - - -

 

All this Epstein hyperbole is about keeping up appearance, hand washing, and to make it go away, disappear, as soon as possible! - [Decandence culture]ⁿ! 

John, the logic relates to the manner in which he publicly made the gift to The Gates Foundation.  He of course is free to do as he wishes.  The mistake was in publicizing to the World (and to The Foundation) his intention and then retracting an otherwise "irrevocable" gift when the conditions of revocability had not been met.  Like everyone else, he is fallible.  My contention, if you will, is when he or other public figures try to use their soap box to preach things to others that are not related to their expertise.   

Edited 3 hours ago by 73 Reds
word

[John Hjorth]

29 minutes ago, 73 Reds said:

John, the logic relates to the manner in which he publicly made the gift to The Gates Foundation.  He of course is free to do as he wishes.  The mistake was in publicizing to the World (and to The Foundation) his intention and then retracting an otherwise "irrevocable" gift when the conditions of revocability had not been met.  Like everyone else, he is fallible.  My contention, if you will, is when he or other public figures try to use their soap box to preach things to others that are not related to their expertise.   

 

It's all PR *BS* - Causing Medal of Fredom to Buffett by Obama - and what do I know. To me, nauseating. I have a hard time taking it.

 

 

 

 

[73 Reds]

1 minute ago, John Hjorth said:

 

It's all PR *BS* - Causing Medal of Fredom to Buffett by Obama - and what do I know. To me, nauseating. I have a hard time taking it.

 

 

 

 

LOL, I had a hard time taking Obama.  At least Buffett always means well.

[John Hjorth]

4 minutes ago, 73 Reds said:

LOL, I had a hard time taking Obama.  At least Buffett always means well.

 

LOL, @73 Reds, I may [perhaps, only perhaps! ] have gotten out of line here, entering self-occilation mode! -Honestly, I'm just so tired and fed up with all this Epstein sh*te [not judging anyone not already convivected]!

[MarioP]

2 hours ago, Spekulatius said:

 

 

I still don’t get why Buffett changed his mind so much on Google. He must have had some sort of Eureka moment. I hope it works out for them.

I don't know if it was the same thing for him but for me the news about TPU and going after Nvidia lunch caused a huge bump in my valuation of Alphabet. It has now a long ramp up for growth

[Eldad]

17 hours ago, Munger_Disciple said:

 

Yes, good catch! I estimated roughly $8-9B

8-9 Billion would be back to Q3 Q4 2020. Around the highest ever. Market seems to have no clue. 

[marazul]

It's true, but Berkshire also had close to 0.5x the market cap back in 2020. So it is a bit less exciting.