Buffett/Berkshire - general news

[John Hjorth]

23 hours ago, dymanojbabu said:

https://kingswell.substack.com/p/the-berkshire-beat-march-24-2023

 

@dymanojbabu,

 

With all respect and politiliness, we don't need  - blank - links to substack items here on CoBF. What we may demand is your personal comments to such, expressing your opinion at the matters at hand.

 

Otherwise, we all drown in posts here on CoBF about etc. how many shares has Mr. Abel acquired this week et. al.- or what do I know. 

 

In short, please put our own personal angles to your postings to spice things up, and those will be met by a lot constructive interaction.

[dealraker]

Buffett...99% of his net worth in one stock since 1965.

 

That's called buy and hold.  

 

 

[LC]

16 minutes ago, dealraker said:

Buffett...99% of his net worth in one stock since 1965.

 

That's called buy and hold.  

 

 

Well, may be more accurate to replace the word "stock" with "business"

[dealraker]

55 minutes ago, LC said:

Well, may be more accurate to replace the word "stock" with "business"

Isn't that redundant?

[LC]

Point is Buffett has been in a few key businesses the majority of his career, in, out, and back in of others, and gave up on still others. So maybe 1 stock but quite a few businesses.   
 

Anyways it’s a moot point but in general I think Buy and hold works for the index. Selling fax machines  works until it doesn’t. 

Edited March 26, 2023 by LC

[dealraker]

On 3/25/2023 at 10:12 PM, LC said:

Point is Buffett has been in a few key businesses the majority of his career, in, out, and back in of others, and gave up on still others. So maybe 1 stock but quite a few businesses.   
 

Anyways it’s a moot point but in general I think Buy and hold works for the index. Selling fax machines  works until it doesn’t. 

Yes.

[Fitz]

On 3/25/2023 at 12:35 PM, John Hjorth said:

 

@dymanojbabu,

 

With all respect and politiliness, we don't need  - blank - links to substack items here on CoBF. What we may demand is your personal comments to such, expressing your opinion at the matters at hand.

 

Otherwise, we all drown in posts here on CoBF about etc. how many shares has Mr. Abel acquired this week et. al.- or what do I know. 

 

In short, please put our own personal angles to your postings to spice things up, and those will be met by a lot constructive interaction.

Completely agree, nothing aimed at the original poster. But a quick summary of why the link was interesting to to poster or why the board would benefit seems reasonable. 

[BiggieCheese]

This is a request, so apologies if I'm posting in the wrong spot, but has anyone come across a good primer/industry overview of the Japanese trading houses?

[gfp]

1 hour ago, BiggieCheese said:

This is a request, so apologies if I'm posting in the wrong spot, but has anyone come across a good primer/industry overview of the Japanese trading houses?

 

https://www.marubeni.com/en/research/report/political_economy/global/data/shoshaexp-20170629_003.pdf

 

This might help.

 

Also at least a couple seeking alpha articles taking a look since Berkshire's investment became public -

https://seekingalpha.com/article/4373016-reverse-engineering-buffetts-thinking-those-japanese-trading-companies

[BiggieCheese]

5 hours ago, gfp said:

 

https://www.marubeni.com/en/research/report/political_economy/global/data/shoshaexp-20170629_003.pdf

 

This might help.

 

Also at least a couple seeking alpha articles taking a look since Berkshire's investment became public -

https://seekingalpha.com/article/4373016-reverse-engineering-buffetts-thinking-those-japanese-trading-companies

Thanks @gfp

[crs223]

i emailed the CNBC marketing person and got two indecipherable responses to this question:

 

We know that CNBC “streams” the meeting on their “website”.

 

Q: Does CNBC broadcast the meeting on their TV channel?

 

… I’m preparing a watch party at my house …

 

 

Edited March 31, 2023 by crs223

[MCR]

On 3/31/2023 at 7:46 PM, crs223 said:

i emailed the CNBC marketing person and got two indecipherable responses to this question:

 

We know that CNBC “streams” the meeting on their “website”.

 

Q: Does CNBC broadcast the meeting on their TV channel?

 

… I’m preparing a watch party at my house …

 

 

Here you go...

[crs223]

5 hours ago, MCR said:

Here you go...

thank you!

[redskin]

On 3/25/2023 at 2:35 PM, John Hjorth said:

 

@dymanojbabu,

 

With all respect and politiliness, we don't need  - blank - links to substack items here on CoBF. What we may demand is your personal comments to such, expressing your opinion at the matters at hand.

 

Otherwise, we all drown in posts here on CoBF about etc. how many shares has Mr. Abel acquired this week et. al.- or what do I know. 

 

In short, please put our own personal angles to your postings to spice things up, and those will be met by a lot constructive interaction.

I appreciated the link.  There were some articles or information I didn't see.  I liked the summary.

[jbwent63]

On 3/31/2023 at 10:41 AM, BiggieCheese said:

This is a request, so apologies if I'm posting in the wrong spot, but has anyone come across a good primer/industry overview of the Japanese trading houses?

All the companies have very good investor relations sections on their websites in English with lots of interesting information. Happy digging!

[Xerxes]

https://podcasts.apple.com/ca/podcast/the-acquirers-podcast/id1454112457?i=1000607075085
 

[ValueMaven]

God has spoken!  Thank you @Xerxes

[John Hjorth]

On 4/4/2023 at 10:44 PM, Xerxes said:

https://podcasts.apple.com/ca/podcast/the-acquirers-podcast/id1454112457?i=1000607075085
 

 

@Xerxes,

 

To me, it appears as somebody - has - more or less  - forgotten - who to serve first [clients]. Because I'm not actually  a customer, my perception may thus be totally wrong.

 

To me, it's just dishonest and disingenious to allocate a material part of capital from limited partners to Berkshire, instead of asking the limited partners buying Berkshire stock themselves to hold.

 

Maybe the content of this post can be boiled to that I'm about to have had enough of Mr. Bloomstran.

 

By further thoughts, I may be absolutely unreasonbly here, because actually, not much really material happens at Berkshire during a year, forgetting the material leaps in some years.

Edited April 10, 2023 by John Hjorth

[dealraker]

I was interested, yet confused, at what made a few Berkshire people so enamored with Tilson.  I am the same way with Bloomstran.  If you want some entertainment then read the performance part of his fund reports and note what he emphasizes vs what he doesn't.

 

So you market via Berkshire and make that stock 25%, claim value culture sliding in a fee between Berk and its shareholders, and sledgehammer anyone saying anything at all that isn't basic worship.

 

So far a small boutique of cultists.  

[John Hjorth]

@dealraker,

 

Personally, I don't think there is anything wrong with the work provided and shared - public - Mr. Bloomstran. There may be shades and nuances, - here and there, where you may be left at on your own discretion - till example last year, Mr. Bloomstran handicapped the Berkshire AAPL position by USD 50 B - talk to me about variant perception! - Or was that the year before?!

 

To me, in the end, it is all about aiming for return vs. patience and risk taking. I do not consider Mr. Bloomstran bad in that regard. He just has some preferences outside my own circle of competence [, in general called energy], that causes me to never really *click* with him.

 

And after all, - in the end - he is just another money manger, - with a personal  agenda - that applies to such people.

 

- - - o 0 o - - -

 

The only difference compared to Mr. Buffett [the younger version of him] I've personally been able identify is a swimming pool [, but what do I know, I may be wrong here].

Edited April 4, 2023 by John Hjorth

[dealraker]

1 hour ago, John Hjorth said:

@dealraker,

 

Personally, I don't think there is anything wrong with the work provided and shared - public - Mr. Bloomstran. There may be shades and nuances, - here and there, where you may be left at on your own discretion - till example last year, Mr. Bloomstran handicapped the Berkshire AAPL position by USD 50 B - talk to me about variant perception! - Or was that the year before?!

 

To me, in the end, it is all about aiming for return vs. patience and risk taking. I do not consider Mr. Bloomstran bad in that regard. He just has some preferences outside my own circle of competence [, in general called energy], that causes me to never really *click* with him.

 

And after all, - in the end - he is just another money manger, - with a personal  agenda - that applies to such people.

 

- - - o 0 o - - -

 

The only difference compared to Mr. Buffett [the younger version of him] I've personally been able identify is a swimming pool [, but what do I know, I may be wrong here].

Yes you're right John.

[gfp]

Berkshire is about to borrow in Yen again.  It will be interesting to see if they keep increasing the size. They were still buying sogo shosha at year-end so might want to expand the yen float to match the growing size of the Japanese equity basket.  Lots of positive carry in addition to the built in currency hedge. 
 

https://www.sec.gov/Archives/edgar/data/1067983/000119312523091454/d380137d424b5.htm

[jbwent63]

6 hours ago, gfp said:

Berkshire is about to borrow in Yen again.  It will be interesting to see if they keep increasing the size. They were still buying sogo shosha at year-end so might want to expand the yen float to match the growing size of the Japanese equity basket.  Lots of positive carry in addition to the built in currency hedge. 
 

https://www.sec.gov/Archives/edgar/data/1067983/000119312523091454/d380137d424b5.htm

Looks like some will be used to payoff yen denominated bonds coming due in April, 2023.

[gfp]

Buffett says more questions, less long-winded replies, Greg and Ajit available for questions -

 

https://twitter.com/YunLi626/status/1644044734254444544?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1644044734254444544|twgr^3752cb9ec415f1e8f45ddd5d5e89fa747e9d9a5c|twcon^s1_&ref_url=

 

[Parsad]

On 4/5/2023 at 11:55 AM, jbwent63 said:

Looks like some will be used to payoff yen denominated bonds coming due in April, 2023.

 

https://finance.yahoo.com/news/berkshire-hathaway-sounds-investors-yen-020707835.html

 

Cheers!