Buffett/Berkshire - general news

[gfp]

I guess it's a sign of the times that Berkshire is so large now that a $3.3 Billion acquisition is not material enough to warrant a press release or an 8K from the parent company - just a press release and 8K for the BHE subsidiary.  Now we know what they plan to do with the BYD proceeds.  I wonder if there is room to expand at Cove Point.

[gfp]

https://www.reinsurancene.ws/berkshire-gets-giant-1bn-share-of-florida-citizens-reinsurance-renewal/

[ValueMaven]

Looks like Berkshires merger-arb play is going to workout!  Sizable profit for Berkshire

 

Jewish Treasury Bonds as Munger called it!!  LOL

[John Hjorth]

Buffett Sun Valley gossip  : New York Post [July 13^th 2023] : Warren Buffett’s wife grumbles about $4 coffee at Sun Valley.

 

It's great to have a cost conscious life companion. I just hope Mr. Buffett is well.

Edited July 16, 2023 by John Hjorth

[MCR]

4 hours ago, John Hjorth said:

Buffett Sun Valley gossip  : New York Post [July 13^th 2023] : Warren Buffett’s wife grumbles about $4 coffee at Sun Valley.

 

It's great to have a cost conscious life companion. I just hope Mr. Buffett is well.

That comment about struggling with poor balance...

[John Hjorth]

29 minutes ago, MCR said:

That comment about struggling with poor balance...

 

@MCR,

 

It's basically about geriatric-related loss of functional capacity - here, the loss of muscle mass and strength in your legs. According to @gfp [upsteam in this very topic] Mr. Buffett has been training to keep going / walking - literaly. This geriatric decline is a fact for all of us - one can postpone it by physical exercise - eventually, it will get us all, for the majority of us, likely before we each individually pass away.

 

If you start using a golf cart to do the 18 holes on a golf court, it will take short time, and you'll never be able again to walk the whole playground again, because walking the 18 holes is what keeps you able to walk the 18 holes. Stop doing something like that at high age, and you'll never be able to do it again, because the struggle to get to 'the path to getting back to past greatness' increases with your age, and is gradually verging to becoming impossible.

 

The tear of time is relentless for us human beings. It must be of female gender, I think, because it's a bitch, without exceptions.

[gfp]

https://www.sec.gov/Archives/edgar/data/718877/000119312523188107/d491908dsc13ga.htm

 

Berkshire's ATVI holdings are much lower than many assumed (as of June 30th)

[Parsad]

On 7/16/2023 at 11:19 AM, John Hjorth said:

 

@MCR,

 

It's basically about geriatric-related loss of functional capacity - here, the loss of muscle mass and strength in your legs. According to @gfp [upsteam in this very topic] Mr. Buffett has been training to keep going / walking - literaly. This geriatric decline is a fact for all of us - one can postpone it by physical exercise - eventually, it will get us all, for the majority of us, likely before we each individually pass away.

 

If you start using a golf cart to do the 18 holes on a golf court, it will take short time, and you'll never be able again to walk the whole playground again, because walking the 18 holes is what keeps you able to walk the 18 holes. Stop doing something like that at high age, and you'll never be able to do it again, because the struggle to get to 'the path to getting back to past greatness' increases with your age, and is gradually verging to becoming impossible.

 

The tear of time is relentless for us human beings. It must be of female gender, I think, because it's a bitch, without exceptions.

 

+1!  Cheers!

[Paarslaars]

The tear of time is even worse on women guys 

[John Hjorth]

14 hours ago, gfp said:

https://www.sec.gov/Archives/edgar/data/718877/000119312523188107/d491908dsc13ga.htm

 

Berkshire's ATVI holdings are much lower than many assumed (as of June 30th)

 

Tweet by Kevin Carperter about it [I haven't checked if the observation is correct, while I certainly expect it to be so, based on the identity of the author].

 

 

 

[John Hjorth]

1 hour ago, Paarslaars said:

The tear of time is even worse on women guys 

 

Is this consideration gravity related? 

[Paarslaars]

More related to how society values women and men based on different qualifies. Much more appearancd based for women and that happens to be the one most affected by time.

[james22]

On 7/16/2023 at 1:19 PM, John Hjorth said:

 

@MCR,

 

It's basically about geriatric-related loss of functional capacity - here, the loss of muscle mass and strength in your legs. According to @gfp [upsteam in this very topic] Mr. Buffett has been training to keep going / walking - literaly. This geriatric decline is a fact for all of us - one can postpone it by physical exercise - eventually, it will get us all, for the majority of us, likely before we each individually pass away.

 

https://www.runnersworld.com/health-injuries/a20790871/running-preserves-motor-units/

[dealraker]

Some say I am about as fit as anyone ever my age at 69.  If so, my view is that with age strength training is probably even more important than cardio.  Of course I do both, but I do witness that those around me who do almost nothing but cardio seem very fragile.  I have  reduced the weights, but  try to be regular.

 

Still it is interesting that with age that the things I do regularly like cycling, mostly mountain biking, I am noticing little change.  But things I do irregularly like wakeboarding, tennis, or pickleball...well my hand-eye coordination is far down as is my ability to recover from the physical stresses.

 

 

Edited July 20, 2023 by dealraker

[LC]

Squat and deadlift as much as you can! Gotta keep the lower body strong…if you have access to a sled, sled pushes are incredible and they don’t load the spine like a squat does, if that concerns you. 

Edited July 20, 2023 by LC

[UK]

https://www.bloomberg.com/opinion/articles/2023-07-21/warren-buffett-s-florida-bet-bodes-well-for-troubled-insurance-market#xj4y7vzkg

 

Edited July 21, 2023 by UK

[cubsfan]

On 7/19/2023 at 9:16 PM, dealraker said:

Some say I am about as fit as anyone ever my age at 69.  If so, my view is that with age strength training is probably even more important than cardio.  Of course I do both, but I do witness that those around me who do almost nothing but cardio seem very fragile.  I have  reduced the weights, but  try to be regular.

 

Still it is interesting that with age that the things I do regularly like cycling, mostly mountain biking, I am noticing little change.  But things I do irregularly like wakeboarding, tennis, or pickleball...well my hand-eye coordination is far down as is my ability to recover from the physical stresses.

 

 

It’s very true. 
 

There definitely is a difference. You can continue to build strength for years. What diminishes is your ability to exhibit power. Power is strength put to use quickly. That is youth. So you can get stronger and still run, but you can’t run the hundred in 10 seconds anymore. Michael Jordan can still be very strong, but his vertical jump is no longer 44 inches - which is a display of power (strength put to use quickly).

 

But you can still get stronger and also improve your cardio.

[dealraker]

27 minutes ago, cubsfan said:

It’s very true. 
 

There definitely is a difference. You can continue to build strength for years. What diminishes is your ability to exhibit power. Power is strength put to use quickly. That is youth. So you can get stronger and still run, but you can’t run the hundred in 10 seconds anymore. Michael Jordan can still be very strong, but his vertical jump is no longer 44 inches - which is a display of power (strength put to use quickly).

 

But you can still get stronger and also improve your cardio.

Yep.

[UK]

[whatstheofficerproblem]

https://www.bloomberg.com/news/articles/2023-08-03/buffett-is-buying-treasuries-regardless-of-us-downgrade-by-fitch

 

Is he deploying the float? The brooklyn investor was right.

 

https://brklyninvestor.com/2023/07/04/value-of-brk-float-buffett-market-view-etc/

[John Hjorth]

@whatstheofficerproblem,

 

Have you thought about what Mr. Buffett thinks about the work and reporting of Fitch? [He does not care - at all.]

[whatstheofficerproblem]

14 minutes ago, John Hjorth said:

@whatstheofficerproblem,

 

Have you thought about what Mr. Buffett thinks about the work and reporting of Fitch? [He does not care - at all.]

 

The downgrade didn't even make him blink, seems like he isn't willing to bite bonds below 5%, makes we wonder what the spread between the interest rate/treasury and inflation was when he did buy these bonds. Would be interesting to see him buy junk (high-yield) again.

[Spekulatius]

I had no idea that Berkshire has a business makes boats. A friend of us bought a used boat from Forest River and took us out on a lake yesterday.

 

[rkbabang]

1 hour ago, Spekulatius said:

I had no idea that Berkshire has a business makes boats. A friend of us bought a used boat from Forest River and took us out on a lake yesterday.

 

They make RVs and campers too. When my kids were young I had a Forest River “Rockwood Roo” camper for a few years.  I bought it used, fixed it up, used it for 3 years then sold it for significantly more than I paid for it.

[Spekulatius]

This is a Ponton boat. This type were the majority on that lake (Highland lake in NH) but most were from Sylvan. $BC owners will be happy to hear that ~80% had a Mercury outboard engine with the rest being Yamaha.

 

Our friends  bought this boat a few weeks ago used and in pretty good condition for ~18K, which sounds like a good price to me (coming from someone who knows nothing about boats).