charlieruane Posted Saturday at 06:21 AM Share Posted Saturday at 06:21 AM (edited) And as a followup, here's one of the most bizarre Buffett anecdotes I've encountered, from an Atlantic article on Howard: Edited Saturday at 07:37 PM by charlieruane Link to comment Share on other sites More sharing options...
charlieruane Posted 16 hours ago Share Posted 16 hours ago Trump approached Berkshire Hathaway in hopes of getting an appellate bond: Link to comment Share on other sites More sharing options...
Blugolds11 Posted 10 hours ago Share Posted 10 hours ago I'm sure everyone already has seen it, but just incase someone missed it over the weekend. Yahoo: Berkshire Hathaway speeds up stock buybacks In its proxy filing on Friday, Berkshire said it repurchased the equivalent of 3,808 Class A shares this year through March 6, spending approximately $2.2 billion to $2.4 billion depending on the dates of the buybacks. Nearly three-quarters of the repurchases took place after Feb. 12. Berkshire repurchased $2.2 billion of its own stock in last year's fourth quarter, and $9.2 billion in all of 2023. Its peak year for buybacks was 2021, when they totaled $27 billion. Through Friday, Berkshire's share price was up 14% this year, about twice the gain for the Standard & Poor's 500. https://finance.yahoo.com/news/berkshire-hathaway-speeds-stock-buybacks-185257424.html Link to comment Share on other sites More sharing options...
longterminvestor Posted 4 hours ago Share Posted 4 hours ago 10 hours ago, charlieruane said: Trump approached Berkshire Hathaway in hopes of getting an appellate bond: Mr. Trump has until March 25 to post an additional bond for $456M. The dollar amount is approaching a record size. For example in 2009, Zurich wrote a surety bond for Panama Canal for $450M - believed to be one of the largest deals ever done in surety. I would like to highlight Chubb previously issued a $91.6M bond with brokerage account as collateral allowing Mr. Trump to appeal in this case. When the news broke of Chubb issuing the $91.6M bond, there was a ton of blow back to Chubb. CEO Evan Greenberg (son of Hank Greenberg - formerly of AIG now Starr) wrote a letter addressing the $91.6M bond (letter attached). I really liked reading the letter from Mr. Evan Greenberg - showed some leadership and belief in our system of government. One could argue the other side saying Greenberg/Chubb is favoring Mr. Trump and bring in all the politics however I want to believe Mr. Greenberg's words in his letter "we support the rule of law and our role in it". I just liked the letter a lot especially in this political climate where we need leadership. As a shareholder, I trust Berkshire made a sound decision. With a juicy premium and liquid collateral/margin of safety could be a good risk. However the political nature probably just makes it a too hard pile issue so I get it. Berkshire could have easily declined on same basis of Chubb - lack of collateral or size. As Mr. Buffet says, cash/liquidity is like oxygen. chubb-letter-on-trump-bond-3132024.pdf Link to comment Share on other sites More sharing options...
nwoodman Posted 39 minutes ago Share Posted 39 minutes ago 3 hours ago, longterminvestor said: As a shareholder, I trust Berkshire made a sound decision. With a juicy premium and liquid collateral/margin of safety could be a good risk. However the political nature probably just makes it a too hard pile issue so I get it. Berkshire could have easily declined on same basis of Chubb - lack of collateral or size. As Mr. Buffet says, cash/liquidity is like oxygen. chubb-letter-on-trump-bond-3132024.pdf 126.98 kB · 6 downloads Thanks for the post. I agree, not sure there is a number that could offset the political optics. The irony is obviously Berkshire could do it in a heartbeat, so it is a potential snub anyway. Good thing there was 30 insurers who came to the same conclusion. Safety in numbers Link to comment Share on other sites More sharing options...
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