Jump to content

Berkshire/Grant's conference


menlo
 Share

Recommended Posts

She is excellent when it comes to forensic accounting.  When she identifies a red flag it's worth listening.

 

I've long suspected BRK has some cockroaches, but it's interesting to see someone publicly mention this at Grants.

It would be interesting to read what she said. However, After reading half of the 2011 article, I couldn't finish reading, since she seemed biased and wasn't comparing apples with apples. However, it is almost certain that some subsidiary will have problems and, as she quoted, to check if they are ruthless in dealing with them.

Link to comment
Share on other sites

She tweeted that she'd post her presentations on her blog. I've been waiting to see them as well. She's been around for some time and this is not the first time she's said something about BRK. I recall seeing her criticism of BRK's deal for BAC preferred/warrants as well. Still want to see the presentation though. If it's about purchase price allocations and amortizations for Marmon, I'd be really disappointed.

Link to comment
Share on other sites

 

Well, that blog post was a whole lot of nothing.

If I understand correctly in part of the article her main point is that his investment in BAC was only an opportunity for him get more fame and that he wasn't acting as a good fiduciary... 7 years later it's more than a quadruple (and we are in a downturn)...

Link to comment
Share on other sites

Guest longinvestor

OMG, it's them roaches again. They show up every couple of years; Like the newspaper report on predatory lending @ Clayton; the long lost grand daughter cut out of her inheritance, leadership troubles at Benjamin Moore...and now this.

 

We are doomed. 

 

Link to comment
Share on other sites

Obviously, Miss [or Mrs.] McKenna is by attitude short incompetent auditors and auditors clients, who play the game. That's to me OK. So, basically, here, she's taking on Mr. Hamburg, what ever she has up in her sleeve right now. It'll be interesting to follow going forward, for sure.

Link to comment
Share on other sites

OMG, it's them roaches again. They show up every couple of years; Like the newspaper report on predatory lending @ Clayton; the long lost grand daughter cut out of her inheritance, leadership troubles at Benjamin Moore...and now this.

 

We are doomed.

 

Haha.

 

That along with the obligatory "Has Buffett lost his touch?"

Link to comment
Share on other sites

  • 3 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...