This lil gravy trainn is headin dead north! With wheels a spinnin and sparks flyin!!!!
Hark!!!!! I see buzzards ciircling the short camp?
Sentiment: Strong Buy
Dude, you could not be more wrong!
Target buys close to, or modestly above, 1.2X book.
Buffy wrote, page 37 of the 2014 Annual Report:
"If an investor’s entry point into Berkshire stock is unusually high – at a price, say, approaching double book value, which Berkshire shares have occasionally reached – it may well be many years before the investor can realize a profit. In other words, a sound investment can morph into a rash speculation if it is bought at an elevated price. Berkshire is not exempt from this truth.
Purchases of Berkshire that investors make at a price modestly above the level at which the company would repurchase its shares, however, should produce gains within a reasonable period of time."
It may remain undervalued for a long period of time. The average P:B of the S&P 500 is about 2.6; Berkshire is around 1.5 price to book. Continue buying as long as P:B is below 2.
I just covered my Short Position!!!!! Like taking Candy from a baby!!!!!
Who hires these fools !!!!
The Puter mob is way over rated!!
I guess you haven't heard of savings accounts or CDs....by the way did you have a chance to ask Warren about the dividend income BRKA and BRKB holders never see and how much of it may be going to the Hillary campaign?
Patience, patience....I know most "Berkies" would rather follow blindly and wishfully but if you take the time to analyze you will find that, at best, this is about 10% growth stock...you'll get to $200 in about 3+ years....and 10% ain't so terrible..better than a savings account or CD....now if you want to beat the 10% you'll have to do some work and analyze the individual stocks making up the Buffet portfolios ... those are the gems you need to research and take a little risk with...and guess what you'll find that you get a nice dividend on many of these.....or just stay "fat, dumb, and happy" and enjoy the 10%.
Yep!!! The price of fuzzy rascal at the meeting went SKY HIGH some say? I dunno? I don't do stuff like that!!
Hope that heps
Sentiment: Strong Buy
While you're having lunch would you please ask how much of the BRKA and BRKB dividend income is going towards the Hillary campaign? Thanks.
Over the last year BRKB has done much better that a bank savings deposit...hurray for 2% vs. .05% but, my god!... FANG (FB, AMZN, NFLX, and GOOG) have dwarfed BRKB with returns in excess of 20%...so here's my question to all you smug in the rug "BERKIES" : If FANG does so well and consistently beats the pants off of BRKB why the heck doesn't Warren add some to the portfolio???!!