Dynamic Posted November 15, 2023 Share Posted November 15, 2023 I suspect they wanted to take the opportunity of him commenting on Berkshire to tag both companies and attract more clicks, so it could be a human. I see the same with Selling Alpha where somebody quotes Buffett and mentions Berkshire as an aside when writing about a different company so the link shows up on my daily email. Link to comment Share on other sites More sharing options...
rolling Posted November 16, 2023 Share Posted November 16, 2023 20 hours ago, sleepydragon said: 13F is out. Any guesses what the secret stock(s) is/are? Only certainty is that it is a financial stock (1,2B increase in cost basis for financial stocks but no financial stockes added on the 13-F). Schwab? Fairfax has been mentioned but seems unlikely (canadian stock and a big position could attract regulatory attention) Other? (I must admit financial stocks are not my beach) Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted November 16, 2023 Share Posted November 16, 2023 I will guess DFS. Link to comment Share on other sites More sharing options...
sleepydragon Posted November 16, 2023 Share Posted November 16, 2023 I am thinking FIS - a finance company with a new female blonde ceo.. Buffett like blonde:) and FIS just splited out their “sexy” business and what’s left is the stable, moaty business of bank back office. Baupost also owns shares in this company. Link to comment Share on other sites More sharing options...
UK Posted November 16, 2023 Share Posted November 16, 2023 https://www.cnbc.com/2023/11/16/charlie-munger-says-there-isnt-the-slightest-chance-buffett-traded-own-account-to-enrich-himself.html Link to comment Share on other sites More sharing options...
John Hjorth Posted November 16, 2023 Share Posted November 16, 2023 3 hours ago, UK said: https://www.cnbc.com/2023/11/16/charlie-munger-says-there-isnt-the-slightest-chance-buffett-traded-own-account-to-enrich-himself.html *BS* article by CNBC, by logic. Only objective, documented facts rules here for judgement. It [Mr. Mungers statement] just proves that Mr. Munger is [naturally] fading. Please make sure to be very aware of the concept of geriatric-related loss of cognitive abilities in your own personal sphere. Link to comment Share on other sites More sharing options...
ValueMaven Posted November 17, 2023 Share Posted November 17, 2023 He was also unaware of the article - which is odd for a corporate board member. Link to comment Share on other sites More sharing options...
sleepydragon Posted November 17, 2023 Share Posted November 17, 2023 I agree with Munger. Munger has what nowadays many people lack: common sense. There’s nothing wrong unless 1. Buffett’s trade either the same direction and immediately preceding Berkshire’s trade, or 2. opposite directions and after Berkshire’s trade. Almost all portfolio managers at mutual funds or hedge funds can trade their personal account, as long as you are not trading against your clients. And you can look at how long he hold his positions. Was he flipping right after Berkshire bought or sold? He was not. All those stocks he had for decades. Link to comment Share on other sites More sharing options...
yesman182 Posted November 17, 2023 Share Posted November 17, 2023 22 hours ago, Whensthepaintdry? said: I will guess DFS. This is what I was wondering. They love their American Express, but can’t buy anymore. They also aren’t scared of consumer finance with ally and cof. Link to comment Share on other sites More sharing options...
John Hjorth Posted November 17, 2023 Share Posted November 17, 2023 On 11/16/2023 at 1:10 AM, rolling said: Only certainty is that it is a financial stock (1,2B increase in cost basis for financial stocks but no financial stockes added on the 13-F). Schwab? Fairfax has been mentioned but seems unlikely (canadian stock and a big position could attract regulatory attention) Other? (I must admit financial stocks are not my beach) It does not really matter with a balance sheet of USD 1 T and an equity of north of USD 0.5 T. Link to comment Share on other sites More sharing options...
rolling Posted November 17, 2023 Share Posted November 17, 2023 1 hour ago, John Hjorth said: It does not really matter with a balance sheet of USD 1 T and an equity of north of USD 0.5 T. I am not invested in BRK and do not think of investing soon (I do not like the big Apple position), but I might be interested co investing with them. Link to comment Share on other sites More sharing options...
dealraker Posted November 17, 2023 Share Posted November 17, 2023 21 hours ago, sleepydragon said: I agree with Munger. Munger has what nowadays many people lack: common sense. There’s nothing wrong unless 1. Buffett’s trade either the same direction and immediately preceding Berkshire’s trade, or 2. opposite directions and after Berkshire’s trade. Almost all portfolio managers at mutual funds or hedge funds can trade their personal account, as long as you are not trading against your clients. And you can look at how long he hold his positions. Was he flipping right after Berkshire bought or sold? He was not. All those stocks he had for decades. Zero logical motivational reasons for Buffett to do trades for his personal benefit. I don't doubt though that wierd stuff like confusion could crop up at some point in the future. I'm just shy of 70 but my mental declines, even while trying my best and my wife's push to keep me sharp...well declines are perfectly obvious. They show up in places not expected, nearly always that. But even I, at my tiny net worthy compared to Buffett, have zero interest in trades for personal gain for the most part now. I pretty much (again) stay active to be able to stay active, not to gain $. Link to comment Share on other sites More sharing options...
John Hjorth Posted November 19, 2023 Share Posted November 19, 2023 On 11/17/2023 at 11:49 PM, dealraker said: Zero logical motivational reasons for Buffett to do trades for his personal benefit. I don't doubt though that wierd stuff like confusion could crop up at some point in the future. I'm just shy of 70 but my mental declines, even while trying my best and my wife's push to keep me sharp...well declines are perfectly obvious. They show up in places not expected, nearly always that. But even I, at my tiny net worthy compared to Buffett, have zero interest in trades for personal gain for the most part now. I pretty much (again) stay active to be able to stay active, not to gain $. It would be nice with a separate topic somewhere here on CoBF to discuss geriatric bladders [sorry, pardon : matters!] for those of us both shrugging, sighing and / or perhaps even whining about geriatic issues. The issue at hand here is : Who is going to start it? Link to comment Share on other sites More sharing options...
formthirteen Posted November 20, 2023 Share Posted November 20, 2023 Mrs. B ”I don't know education, books, percentage”. …… Buffett: ”Of the 25 top graduates of the top business schools in the country and the 25 picks from the top CEOs of the Fortune 500…or I could take Mrs. B. I would take Mr. B.” Link to comment Share on other sites More sharing options...
Munger_Disciple Posted November 21, 2023 Share Posted November 21, 2023 Fantastic letter from Buffett on the eve of Thanksgiving! We are lucky to have the running Berkshire. Wonderful human being too. https://www.berkshirehathaway.com/news/nov2123.pdf Link to comment Share on other sites More sharing options...
Charlie Posted November 22, 2023 Share Posted November 22, 2023 (edited) "Fantastic letter from Buffett on the eve of Thanksgiving! We are lucky to have the running Berkshire. Wonderful human being too. https://www.berkshirehathaway.com/news/nov2123.pdf" +1 Edited November 22, 2023 by Charlie Link to comment Share on other sites More sharing options...
dymanojbabu Posted November 22, 2023 Share Posted November 22, 2023 This is fantastic. "My three children are the executors of my current will as well as the named trustees of the charitable trust that will receive 99%-plus of my wealth pursuant to the provisions of the will. They were not fully prepared for this awesome responsibility in 2006, but they are now" Link to comment Share on other sites More sharing options...
WFF Posted November 28, 2023 Share Posted November 28, 2023 Looks like Berkshire exited Paytm position in India, taking an estimated 40% loss. I think this was a Todd position. Link to comment Share on other sites More sharing options...
giulio Posted November 28, 2023 Share Posted November 28, 2023 Today is a sad day Link to comment Share on other sites More sharing options...
bizaro86 Posted November 28, 2023 Share Posted November 28, 2023 30 minutes ago, giulio said: Today is a sad day I had this thread open already and saw your post, and thought "selling PayTM doesn't seem like tha big deal a deal". Then I clicked back to the main forum. RIP Charlie. Link to comment Share on other sites More sharing options...
Munger_Disciple Posted November 28, 2023 Share Posted November 28, 2023 Very sad day. Charlie was a father figure to me. I had the joy of meeting him twice in person & he was just an amazing and a very wise human being. We will miss him. Link to comment Share on other sites More sharing options...
gfp Posted November 29, 2023 Share Posted November 29, 2023 RIP Charlie. Also, the plot thickens in Brk vs Haslam/pilot flying J https://www.reuters.com/legal/buffetts-berkshire-countersues-billionaire-haslams-battle-over-pilot-valuation-2023-11-29/ Link to comment Share on other sites More sharing options...
Spekulatius Posted November 29, 2023 Share Posted November 29, 2023 36 minutes ago, gfp said: RIP Charlie. Also, the plot thickens in Brk vs Haslam/pilot flying J https://www.reuters.com/legal/buffetts-berkshire-countersues-billionaire-haslams-battle-over-pilot-valuation-2023-11-29/ Imagine being worth $8.8B and then coming up with this low life scheme to squeeze out the last few hundred million $ from the remaining 20% of the business they agreed to sell already. WEB misjudged the character of the sellers here. Link to comment Share on other sites More sharing options...
KPO Posted November 29, 2023 Share Posted November 29, 2023 1 minute ago, Spekulatius said: Imagine being worth $8.8B and then coming up with this low life scheme to squeeze out the last few hundred million $ from the remaining 20% of the business they agreed to sell already. WEB misjudged the character of the sellers here. Agreed. Makes me wonder about the level of scum correlation to sports team owners as they immediately used the latest tranche of selling off the family business to buy the Milwaukee Bucks. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted November 29, 2023 Share Posted November 29, 2023 Haslam has always been a pill popping, alcoholic, train wreck. Hard to not know what you're dealing with here. Buffett, needs to back out of the entire deal, give Haslam his company back and then WEB can go BUY Bucee's! LOL. Link to comment Share on other sites More sharing options...
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