Guest longinvestor Posted November 20, 2017 Share Posted November 20, 2017 Pieces of GE may fit somewhere. For instance, Aircraft engines within PCP. But, I don't know if there's any brand equity with the GE moniker at all. Without that, the price any piece of GE business is likely very hard to agree upon. Berkshire may want some piece of it without the baggage. Kinda like Lehman without the toxic stuff. I believe GE messed up mightily over the past three decades by attaching the GE moniker to its' aquiree s. There's a big difference between branding yourself to Wall Street versus your customer products. Danaher, for instance, avoids that like the plague. Link to comment Share on other sites More sharing options...
TorontoRaptorsFan Posted November 21, 2017 Share Posted November 21, 2017 Here's the portfolio if you want to take a look: http://minesafetydisclosures.com/individual-investor-portfolio It's nicely laid out. Good job! Link to comment Share on other sites More sharing options...
John Hjorth Posted November 21, 2017 Share Posted November 21, 2017 Don't be too hard on T & T - if Todd brings Berk another deal like Precision Cast Parts (which Warren said he never heard of), then the boys will earn their keep. It was meant as a joke, cubsfan. [ ; - ) ] - We have this separate topic in the General Discussion forum "Please tell me a joke..." T&T slapping does not qualify in that particular topic, because the jokes have to be PC [<-relative to this board]. So, basically I just chose to post my comment here, in this topic. Choice between plague and colera. I just couldn't help it, I had to get it out. [ :-) ] Peace. [ :-) ] Link to comment Share on other sites More sharing options...
cubsfan Posted November 21, 2017 Share Posted November 21, 2017 Don't be too hard on T & T - if Todd brings Berk another deal like Precision Cast Parts (which Warren said he never heard of), then the boys will earn their keep. It was meant as a joke, cubsfan. [ ; - ) ] - We have this separate topic in the General Discussion forum "Please tell me a joke..." T&T slapping does not qualify in that particular topic, because the jokes have to be PC [<-relative to this board]. So, basically I just chose to post my comment here, in this topic. Choice between plague and colera. I just couldn't help it, I had to get it out. [ :-) ] Peace. [ :-) ] John - no offense taken at all - I'm a little dense at times - keep the faith. Link to comment Share on other sites More sharing options...
John Hjorth Posted November 21, 2017 Share Posted November 21, 2017 Thanks, cubsfan, Absolutely nothing wrong with being dense, and at the same to the point! Link to comment Share on other sites More sharing options...
sleepydragon Posted December 9, 2017 Share Posted December 9, 2017 They didn't sell any BAC shares. For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm They show up under "New England Asset Management" -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are - 4.217 million shares of Apple 21 million shares of BAC 227,750 shares of Diageo 431,063 shares of GS 4.386 million shares of USG 2.954 million shares of Verisk 24.3 million shares of Wells Fargo Why do u say Diageo is a Berkshire holding? Link to comment Share on other sites More sharing options...
gfp Posted December 9, 2017 Share Posted December 9, 2017 Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table. Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others. Check the info-table -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml They didn't sell any BAC shares. For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm They show up under "New England Asset Management" -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are - 4.217 million shares of Apple 21 million shares of BAC 227,750 shares of Diageo 431,063 shares of GS 4.386 million shares of USG 2.954 million shares of Verisk 24.3 million shares of Wells Fargo Why do u say Diageo is a Berkshire holding? Link to comment Share on other sites More sharing options...
sleepydragon Posted December 9, 2017 Share Posted December 9, 2017 Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table. Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others. Check the info-table -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml They didn't sell any BAC shares. For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm They show up under "New England Asset Management" -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are - 4.217 million shares of Apple 21 million shares of BAC 227,750 shares of Diageo 431,063 shares of GS 4.386 million shares of USG 2.954 million shares of Verisk 24.3 million shares of Wells Fargo Why do u say Diageo is a Berkshire holding? I see. Interesting.. thanks! I think you are right.. Though DEO seems been there for many years now. It's up 40% this year :o Link to comment Share on other sites More sharing options...
rolling Posted December 10, 2017 Share Posted December 10, 2017 Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table. Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others. Check the info-table -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml They didn't sell any BAC shares. For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm They show up under "New England Asset Management" -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are - 4.217 million shares of Apple 21 million shares of BAC 227,750 shares of Diageo 431,063 shares of GS 4.386 million shares of USG 2.954 million shares of Verisk 24.3 million shares of Wells Fargo Why do u say Diageo is a Berkshire holding? Diageo is an alcoholic beverage company. If I remember correctly (and I don't think I'm wrong) Buffett stated very clearly he would not own gambling, alcohol and tobacco companies. After that, it would be a big hit for his reputation if he owned diageo and he wouldn't take that risk. Edit: I most likely am wrong, as argued in the folowing posts ;D Link to comment Share on other sites More sharing options...
sleepydragon Posted December 10, 2017 Share Posted December 10, 2017 Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table. Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others. Check the info-table -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml They didn't sell any BAC shares. For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm They show up under "New England Asset Management" -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are - 4.217 million shares of Apple 21 million shares of BAC 227,750 shares of Diageo 431,063 shares of GS 4.386 million shares of USG 2.954 million shares of Verisk 24.3 million shares of Wells Fargo Why do u say Diageo is a Berkshire holding? Diageo is an alcoholic beverage company. If I remember correctly (and I don't think I'm wrong) Buffett stated very clearly he would not own gambling, alcohol and tobacco companies. After that, it would be a big hit for his reputation if he owned diageo and he wouldn't take that risk. He did say that about casinos and tobacco, but not alcohol. He owned Guinness the beer company before. Link to comment Share on other sites More sharing options...
rolling Posted December 10, 2017 Share Posted December 10, 2017 Diageo is coded the same as the other Berkshire Holdings in the Gen Re New England Asset Management holdings table. Everything coded the way Diageo is coded is a Berkshire holding, so I'm willing to bet that these particular Diageo shares are also held by Gen Re / Berkshire - and not a holding of some fund managed by New England Asset Management for others. Check the info-table -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/xslForm13F_X01/form13fInfoTable.xml They didn't sell any BAC shares. For some reason 21 million shares held at General Reinsurance don't show up on Berkshire's filing. https://www.sec.gov/Archives/edgar/data/70858/000119312517280738/d411721dsc13ga.htm They show up under "New England Asset Management" -> https://www.sec.gov/Archives/edgar/data/1004244/000108514617002458/0001085146-17-002458-index.htm Other Berkshire holdings in that filing (which are in addition to the reporting holdings on sites like dataroma) are - 4.217 million shares of Apple 21 million shares of BAC 227,750 shares of Diageo 431,063 shares of GS 4.386 million shares of USG 2.954 million shares of Verisk 24.3 million shares of Wells Fargo Why do u say Diageo is a Berkshire holding? Diageo is an alcoholic beverage company. If I remember correctly (and I don't think I'm wrong) Buffett stated very clearly he would not own gambling, alcohol and tobacco companies. After that, it would be a big hit for his reputation if he owned diageo and he wouldn't take that risk. He did say that about casinos and tobacco, but not alcohol. He owned Guinness the beer company before. I searched it but couldn't find the quote. You most likely are right then. I even found a quote saying they would own stock in a tobacco company but wouldn't own it downright. Ps: not playing moralist here (i do own stock in a casino operator), i really thought he had included alcohol in that tobacco and gambling quote. Link to comment Share on other sites More sharing options...
gfp Posted December 10, 2017 Share Posted December 10, 2017 Berk has owned DEO for a long time, off and on. These particular shares may be from T&T, not sure. Berkshire, of course, was a major investor in Anheuser Busch before the 3G guys made their bid just before the financial crisis. As others mentioned - the quotes were about wholly owned subsidiaries and it’s not totally clear if he would frown on T&T making equity investments in those industries. I could see them skipping tobacco present day. But beer is definitely fair game Link to comment Share on other sites More sharing options...
bookie71 Posted December 10, 2017 Share Posted December 10, 2017 I believe it was in one of the annual letters. He didn't mention booze. Link to comment Share on other sites More sharing options...
boilermaker75 Posted December 10, 2017 Share Posted December 10, 2017 Didn't BRK own BUD until BUD was acquired? Link to comment Share on other sites More sharing options...
gfp Posted December 10, 2017 Share Posted December 10, 2017 Yes, they were one of the largest shareholders - although he sold most of his shares before the deal was approved but after it was announced. Didn't BRK own BUD until BUD was acquired? Link to comment Share on other sites More sharing options...
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