There is no value here. No dividend. Nothing. Just some crazy old losers with no risk control who sold stock market crash insurance at the top. BRK has a lot of derivative problems. Old Buffet does not understand markets or economics. His easy ride along with ever other boomer has ended. So now we see he just plain stinks at finance.
Buffet = Madoff.
This stock is actually 30-40% undervalued. The existence/absence of dividend has little to do with valuation. Old Buffett understands economics better than 99% of investors. And he understands derivatives to a sufficient level.
Well, everyone’s entitled their own opinion - but not their own facts.
Here’s what buddha claimed:
“no risk control who sold stock market crash insurance at the top”
“BRK has a lot of derivative problems”
What buddha needs to do is show how any of this has actually resulted in financial damage to BRK. Otherwise, he’s empty.
One thing I do not understand about BRK, is there is no dividend. Can anyone explain why that is? I recall how much grief Steve Jobs got because AAPL was sitting on $100 billion and there was no dividend. Now AAPL will be paying a dividend and it is growing, growing, growing! Buffett likes businesses that generate caah. BRK is growing cash at 25% per year. What are they doing with the cash and why is there no dividend?