PatchesAKF Posted January 24, 2023 Share Posted January 24, 2023 awesome, thanks! Link to comment Share on other sites More sharing options...
pricingpower Posted January 24, 2023 Share Posted January 24, 2023 Bloomberg terminals have a built in change/blackline function for comparing filings, draftable is a great free tool though. Link to comment Share on other sites More sharing options...
longterminvestor Posted January 25, 2023 Share Posted January 25, 2023 there is a tool inside Microsoft word that I have used for this. Didnt know there was a website that did it as well. thx. Link to comment Share on other sites More sharing options...
Saluki Posted January 25, 2023 Share Posted January 25, 2023 This was a good interview. I wish there was more out there on Todd, Ted , and Greg (or alums Tracy and Sokol). I did hear that Alice Schroeder has been working for a few years on an investing book. It took a long time to finish Snowball, but worth the wait. Link to comment Share on other sites More sharing options...
ValueMaven Posted January 28, 2023 Author Share Posted January 28, 2023 @Salukiwhat is your source of the Schroeder investing book? Link to comment Share on other sites More sharing options...
xo 1 Posted January 29, 2023 Share Posted January 29, 2023 4 hours ago, ValueMaven said: @Salukiwhat is your source of the Schroeder investing book? Not @Saluki obviously, but the last reference I know of to Schroeder working on a Buffett investing book was in a terrific 2010 interview she did with Miguel Barbosa (second to last question): https://seekingalpha.com/article/235292-behind-the-scenes-with-buffett-s-biographer-alice-schroeder Since I've heard nothing since, I had assumed she dropped the project when she shifted to operating a business and since has focused on board service. But I'm hoping I'm wrong, since the book sounds valuable. Link to comment Share on other sites More sharing options...
BiggieCheese Posted February 23, 2023 Share Posted February 23, 2023 Link to comment Share on other sites More sharing options...
Spooky Posted February 24, 2023 Share Posted February 24, 2023 Anyone have a PDF of the full letter (or any of this other letters)? Link to comment Share on other sites More sharing options...
giulio Posted February 24, 2023 Share Posted February 24, 2023 Thank you for posting this gem! Link to comment Share on other sites More sharing options...
longterminvestor Posted February 27, 2023 Share Posted February 27, 2023 Here it is in PDF TED LETTER.pdf Link to comment Share on other sites More sharing options...
gfp Posted February 27, 2023 Share Posted February 27, 2023 (edited) Thanks to BiggieCheese, FindingCompounders and longterminvestor for posting the letter and its more readable PDF form. Every time I read something from Ted I am more reassured that Berkshire is extremely lucky to have found him and brought him on board. It's interesting how many of these portfolio holdings have been acquired over the years, putting cash back in his former shareholders' hands. W.R. Grace was acquired after a huge gain, DirecTV was acquired, Valassis Communications (VCI - the direct mail/coupon insert outfit) was acquired by Ron Perelman, Cincinnati Bell was acquired by Macquarie Infrastructure. The ones that haven't been acquired: DaVita, Liberty Media (which kept splitting into tracking stocks post distribution), WSFS Financial (huge gain) and Cogent Communications, which delivered a large gain and still pays a 5.77% dividend today. I wonder what Cogent's current dividend represents as a percentage of Ted's Peninsula cost basis? Edited February 27, 2023 by gfp Link to comment Share on other sites More sharing options...
gfp Posted March 9, 2023 Share Posted March 9, 2023 In Charlottesville VA this afternoon, had to snap a shot of Ted’s office! (Above this bookstore). This is where the magic happens lol Link to comment Share on other sites More sharing options...
CorpRaider Posted March 9, 2023 Share Posted March 9, 2023 Neat! Link to comment Share on other sites More sharing options...
crs223 Posted March 9, 2023 Share Posted March 9, 2023 Beautiful! Ted is living the dream! What were you doing in Charlottesville? I visited a few years ago on a trip to Monticello. Link to comment Share on other sites More sharing options...
gfp Posted March 9, 2023 Share Posted March 9, 2023 1 minute ago, crs223 said: Beautiful! Ted is living the dream! What were you doing in Charlottesville? I visited a few years ago on a trip to Monticello. We were just in town for the day doing some shopping and grabbing lunch. My wife and I are in central Virginia looking after her Mom who just had an ankle replacement surgery, plus our neighbors house back home is under construction and there are like 3 jackhammers going simultaneously for a couple weeks. Link to comment Share on other sites More sharing options...
KPO Posted March 10, 2023 Share Posted March 10, 2023 2 hours ago, gfp said: We were just in town for the day doing some shopping and grabbing lunch. My wife and I are in central Virginia looking after her Mom who just had an ankle replacement surgery, plus our neighbors house back home is under construction and there are like 3 jackhammers going simultaneously for a couple weeks. Thanks for sharing. Not sure much magic has been created by him in recent years, but agree with the notion of creating a simple and low stress environment to make decisions. Link to comment Share on other sites More sharing options...
Dynamic Posted April 1, 2023 Share Posted April 1, 2023 Although we may never know, I suspect that Ted may well have initiated the original Apple position in 2016 at around $25 (split adjusted) with earnings yield in the region of 9-10.5% (depending if you back out cash), some of which was held by various Employee Pensions. Once Warren understood the franchise. I suspect that he increased it dramatically to the enormous position it has grown into today. You don't need many home runs like that to be more than worth your salt. Link to comment Share on other sites More sharing options...
maxthetrade Posted April 1, 2023 Share Posted April 1, 2023 18 hours ago, Dynamic said: I suspect that Ted may well have initiated the original Apple position in 2016 at around $25 (split adjusted) with earnings yield in the region of 9-10.5% (depending if you back out cash), some of which was held by various Employee Pensions. Once Warren understood the franchise. I suspect that he increased it dramatically to the enormous position it has grown into today. That was my impression too after reading an intwerview with Ted in the Handelsblatt a couple of years ago. Link to comment Share on other sites More sharing options...
longterminvestor Posted April 4, 2023 Share Posted April 4, 2023 I have found positioning sizing to be harder than finding ideas I like/understand. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 4, 2023 Share Posted April 4, 2023 On 4/1/2023 at 4:45 PM, maxthetrade said: That was my impression too after reading an intwerview with Ted in the Handelsblatt a couple of years ago. I think this happens more often than we thins. T&T buy something and may sell even and then Buffett digs in and decides to make it a major positions. It did happen with CVX which I think T&T bought and sold in 2020 and Buffett went all in in 2021/22. Link to comment Share on other sites More sharing options...
longterminvestor Posted May 3, 2023 Share Posted May 3, 2023 Didn't want to start a new thread, so I just stuck this in here. Podcast from Nebraska Furniture Mart Podcast series called "I AM HOME" with Todd Combs. https://pca.st/aar0wkxj?utm_source=substack&utm_medium=email Link to comment Share on other sites More sharing options...
ValueMaven Posted May 4, 2023 Author Share Posted May 4, 2023 Awesome interview!!! We are lucky to have these two guys at Berkshire. One of WEB's best moves over the last decade!!! Link to comment Share on other sites More sharing options...
learner Posted May 4, 2023 Share Posted May 4, 2023 Has anyone looked at how Ted & Todd's picks would've performed in a tax shielded account? It looked like they've both been behind S&P500 on an after-tax basis Link to comment Share on other sites More sharing options...
Xerxes Posted May 4, 2023 Share Posted May 4, 2023 It might be just a replay for the same one from 2022 Link to comment Share on other sites More sharing options...
CorpRaider Posted May 4, 2023 Share Posted May 4, 2023 (edited) Ted is replay. Todd is new. Todd is the GEICO CEO. He sent me a personal letter and refunded some of my premiums during covid. I think we are bros. Edited May 4, 2023 by CorpRaider Link to comment Share on other sites More sharing options...
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