Berkshire/Grant's conference

[menlo]

Interesting thread:  https://twitter.com/MarAzul_90/status/1050161513892376576

 

Does anyone know much about Francine McKenna?

[oddballstocks]

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.

 

[rolling]

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.

[AdjustedEarnings]

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.

[oddballstocks]

Here is something from 2011: http://retheauditors.com/2011/09/02/the-berkshire-hathaway-corporate-governance-performance/

 

[maybe4less]

Here is something from 2011: http://retheauditors.com/2011/09/02/the-berkshire-hathaway-corporate-governance-performance/

 

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

 

[rolling]

Here is something from 2011: http://retheauditors.com/2011/09/02/the-berkshire-hathaway-corporate-governance-performance/

 

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)...

[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. 

 

[John Hjorth]

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.

[The Investor]

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?"

[John Hjorth]

I think it was yesterday, that I read a Twitter thread by Francine McKenna about Berkshire.

 

Honestly, to me, she does not know what she's talking about. Absolutely rubbish to me.

 

Edit:

 

To me, a bit like the SIRF Report [March 11^th 2013] about Brookfield Asset Management Inc.