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  • ecommerceman ecommerceman Nov 18, 1998 6:57 AM Flag

    Nebraska Cornhusker Football & BRK Corre

    if you don't, our educational system has slipped
    far more than I ever dreamed...

    Also, if
    you're writing a thesis dealing with Nebraska football,
    you might want to get the former coach's name right:
    it's Tom Osborne, not "John" Osborne...

    By the
    way, I've been reading some of the past posts on this
    thread to get some insight into whether to put a
    sizeable chunk of my portfolio into Berkshire shares, but
    have been disappointed to find so much crap to wade
    through to get anything of substance (welcome to the
    Yahoo board, I guess). I'm interested in any analysis
    folks would want to share, as well as an answer to this
    question: I thought that the A shares and B shares were
    essentially the same (with an obvious price difference), but
    I've noticed that their are daily percent price
    movements that are different, and am puzzled about it. Why
    is that?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Imagine when these cash rich Japanese finally
      learn about this great man who really cares about his
      shareholders and who guards our capital the way some Asian
      girls guard their virginity.

      My book is expected
      to hit the shelves in at least two countries in Asia
      before the Annual Meeting of 1999. Hopefully the
      Japanese translation will come out within 1999. In that
      case, I don't see why BERK can't hit 100,000 before the
      end of 1999.

      Now, that's why I am saying all
      of us old timers should load up rather than buy in
      later.

      Of course I agree with Warren that the best case
      scenario is that BERK price goes up in tandem with the
      gains in intrinsic value. But don't forget that these
      Asian's family funds are now destroying their economies.
      It's a big joke when you talk about money. If you
      don't keep your money in the bank but hide it under
      your mattress, the stupid bankers won't lend it out in
      an indiscriminate fashion which finally causes
      financial crisis.

      Think about Thailand: more than
      40% of their banks loans are bad debts
      now.

      It's time conservative investors from Asia, especially
      those who don't want to see their money destroy their
      own country's economy, move into
      BERK!

      Remember we are not like half of Americans who find
      "refuge" in mutual funds. Asians tend to choose their own
      companies to invest in, and don't believe in mutual funds.
      BERK makes perfect sense to them. Having a traditional
      distrust of the mutual fund people's recommendations, we
      are very delighted to see a man like Warren who not
      only spurn these big-fee bums, but also outperformed
      them by a huge margin!

      As to why all investors
      in America -- except 70,000+ -- don't invest in BERK
      but find other stocks, and/or completely trust their
      mutual fund managers, I believe a quote from Warren
      himself would answer it:

      If there is nobody at the
      bottom, how can I be at the top.

      I wouldn't
      surprised if the number of Asian BERK owners greatly
      outnumber (but not outsize in shares, because of Warren's
      and other insiders' holdings) American owners. To
      find 100-200,000 Asians to invest in BERK in the next
      one or two years? I don't that as a big
      problem!

      Please, Warren, do not then allow Japanese or Chinese
      languages be used in the meeting. I am already tired of
      that when travelling in the states. I volunteer to be
      the spokesperson for the Chinese section of the
      shareholders, and I am sure there will in time be another
      volunteer from Japan.

      • 3 Replies to ASIANBUFFETT
      • 1. Explosive growth at GEICO.

        2. Merger
        and integration of GenRe into BRK.

        3. BRKB
        added to SP500 and SP100 indices.

        4. Major new
        purchases of companies such as Hillenbrand(HB)
        by
        BRK.

        Core equity holdings are up 17% since 3rd quarter
        report,
        total stock holdings now almost $40
        billion.

        Announcement of GenRe merger soon.

      • <<My book is expected to hit the shelves in
        at least two countries in Asia before the Annual
        Meeting of 1999. Hopefully the Japanese translation will
        come out within 1999. In that case, I don't see why
        BERK can't hit 100,000 before the end of 1999.>>
        This is my point. You just don't see things clearly.
        If you really believe that the publication of your
        book will push this baby up to 100,000 in a little
        over a year, you are worse than silly, you are
        deluded.

        <<I wouldn't surprised if the
        number of Asian BERK owners greatly outnumber (but not
        outsize in shares, because of Warren's and other
        insiders' holdings) American owners. To find 100-200,000
        Asians to invest in BERK in the next one or two years? I
        don't that as a big problem!>> Whatever it is
        that you are smoking should be illegal on all
        continents!

        <<Please, Warren, do not then allow Japanese or Chinese
        languages be used in the meeting. I am already tired of
        that when travelling in the states.>> Yes, I too
        tire of hearing Japanese or Chinese spoken here in the
        states. That is why I live in Singapore, so I can escape
        such nonsense.

      • dear sir,

        i enjoyed your little article.
        What book are you referring to? Who are you? Are you
        asian born? What make you an authority on what all
        asians will do? I hope you are right.


        thanks
        tiki

    • Yes, lots of junk on this board. The problem is,
      no one thinks that they post junk. (neither do
      I)

      price differences: they are small and happen because
      trades do not happen at the same time and the stock
      trades thinly (only a few shares a day, compared to
      intel or microsoft).

      You are right, A and B are
      equivalent in all meaningful aspects.

    • eom

    • As they say, the market will do whatever that's
      necessary to prove everybody wrong.

      Market
      prediction is useless. But, ceteris paribus, if we know
      something tangible is coming on stream in a substantial
      way, bang! you got the price up due to the increased
      demand for the safe stock.

      I am talking about
      BERK from a very Asian perspective. Almost without
      exceptions Asian stocks are lousy vehicles to ride to
      riches. Warren was right when he replied to a reporter
      who asked why he was not interested in seemingly
      underpriced Japanese stocks, you can't get rich by owning
      companies with historically low ROE.

      Somehow it
      seems like Asians have picked up their money-sucking
      ability from the Americans currently managing the
      Internet stocks or a host of other American rip-off
      stories in the stock market.

      The way I see it, the
      only difference between the American stock market and
      the ones in Asia is that, based on decades of facts
      and history, you can, ex-ante, make a decision that
      will not entail ex-ante regret, whereas in Asia, you
      can't. In layman's words, the difference is that you
      have one company in the US where you can invest in,
      but you can't find one anywhere in Asia.

      I am
      speaking not only from an Asian's point of view, but also
      from a stockbroker and stock analyst's point of view.
      In the field of stock-picking and stock analysis,
      Warren has no equals. I was a Wharton Scholar from
      1991-1993 (check with their annual directory from those
      years under the graduate program section).

      I am
      trying to compile a book in Chinese and have someone
      translate that into Japanese, on Warren and BERK. Half of
      the book will talk about past BERK stuff (nothing
      new) and the more interesting half will talk about the
      future, part of these I am sharing on this
      board.

      I was tremendously touched by Warren when I first
      learned about his investment philosophy back in 1987, my
      first year in the US. As I am preaching Warren's
      philosophy, those who listen are similarly
      touched.

      Imagine when the Taiwanese and the Japanese are touched
      and withdraw 10% of their bank deposits to buy BERK.
      These two countries are under no restrictions of
      capital flow.

      I have roughly calculated the
      Taiwanese savings. Ten percent of theirs will be equal to
      half of BERK.

      And don't forget that even if
      BERK is trading at 50-60 times earnings (PE), most
      Asians will not see it as too high a PE since we are
      used to useless counters like Amazon and Yahoo trading
      at ridiculously high prices. Truly, most people that
      I talked to in Asia do not see a PE of 50-60 high
      at all for a company that has returned 24.9% in book
      value p.a. every year for the past 33
      years!

      When the bigger Japanese funds move into BERK, BERK's
      traditionally low PE will be history.

      It's worth noting
      that the Japanese are traditionally patriotic and they
      believe one way to show that is to keep their individual
      funds in their local banks. But what happened in the
      past 8 years really woke them up. Retirees are making
      do with a mere 0.25% p.a. on their life savings! (A
      $100,000 can earn you only $250 per year!). No wonder then
      that there was a huge outflow of individual capital
      from Japan during the first half of 1998! My guess is
      that without any knowledge of the US stock market,
      they are buying into US bonds both for the higher
      interest rates and for the capital preservation (US
      dollars vs yen which may drop further due to the
      worsening Japanese economy).

      to be cont'd...

      • 1 Reply to ASIANBUFFETT
      • <<The way I see it, the only difference
        between the American stock market and the ones in Asia is
        that, based on decades of facts and history, you can,
        ex-ante, make a decision that will not entail ex-ante
        regret, whereas in Asia, you can't. In layman's words,
        the difference is that you have one company in the US
        where you can invest in, but you can't find one
        anywhere in Asia.>> Are you saying that BRK is the
        only company in the whole damn world in which one can
        invest? You are a silly man. I like BRK as much as the
        next, but there are many fine companies in which we can
        invest. And if you have listened to Buffett like you
        claim to have, you would know that he has said the
        same, and does so with his actions.

        <<I
        was a Wharton Scholar from 1991-1993 (check with
        their annual directory from those years under the
        graduate program section).>> OK I checked, but you
        are going to need to help me out here. I could not
        find anything under
        ASIANBUFFETT.

        <<Imagine when the Taiwanese and the Japanese are touched
        and withdraw 10% of their bank deposits to buy BERK.
        These two countries are under no restrictions of
        capital flow.>> Has Greg been giving you something
        to smoke? We should have warned you about him. This
        is not going to happen. It is
        silly.

        <<And don't forget that even if BERK is trading at
        50-60 times earnings>> Which is it? One day you
        claim it sells at a pe of 10, and the next day it is
        50-60. And as it has been pointed out before, if you
        think the pe of BRK is important you do not understand
        this company.

        I still don't believe that you
        are real. Where is that sign I keep asking for?

 
BRK-A
212,295.00+1,570.00(+0.75%)10:43 AMEDT