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Berkshire Hathaway Inc. Message Board

  • Erik_HTI Erik_HTI Dec 8, 1998 6:09 PM Flag

    Just bought my first share! <OT>

    Ever since I learned about Mr. Buffet's
    investment philosophies in college, I've dreamed of becoming
    an "owner" of his company. Well, today I purchased
    one share of BRKa, and I couldn't be happier; there
    is no one on the planet with whom I would rather
    entrust my investment than Mr. Buffet.

    I apologize
    for the waste of bandwidth, but I was just so
    thrilled that I absolutely had to share my excitement with
    someone (and who better than those who also appreciate
    the genius of Buffettology)! Here's to years and
    years of unparalleled compounded interest,
    and--hopefully--retirement before 35! ;-)

    Erik

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • is this true or just bedroom talk?

    • The first Invasion of America By Japanese Money
      was failed before even the Japanese Marines landed.
      Why? Wrong assault target. Real estates is something
      we should avoid, not invest in, as Pilzer would have
      suggest in his God Wants You To Be Rich, and what Warren
      practiced in his dumping of the McDonald's
      shares.

      The second time around though, it's different. The
      Japs are no longer led by any fellow Japs, but by a
      Chink, and this Chink is no other Chink.

      Don't
      buy any f***ing bonds, He says. Those are for stupid
      and uneducated and extremely racists rural American
      retirees and retards.

      Buy Berk, and Berk only, He
      says.

      If only half of the Japanese money in the Treasury
      move into Berk, the US interest rate will shoot up
      tremendously, and BRK price will be doubled, and then, again.

    • As Warren said, he didn't want his tombstone to
      read " ...... owner of cigerette companies
      ....."

      It's one thing to make money while benefiting the
      consumers, and it's another thing to make money on others'
      pains and suffering.

      Actually, I have noticed
      that if we make money unethically, sooner or later it
      will all come back to haunt us. Like Suharto and
      Ferdinad Marcos. In cigerette business, we must understand
      that for evey pack of cigerettes sold, the US economy
      suffer US$2.50 in losses.

      Just like in gambling.
      For every dollar that the states think they get in
      taxes, the whole country have to cough up more than that
      in social services associated with the vices and
      problems arising from people who can't hold on to their
      wallets while in the casinos.

      I have seen enough
      examples of both good and bad businesses, and my
      conclusion: invest like Warren. Don't even consider those
      that consumers or their family suffer as a result of
      using our products.

    • "The mere thought of an Asian invasion will cause
      panic in some of America's richer small towns. A lot of
      American owners can't stand Yellow People taking over
      their full-blooded American corporations."

      You
      crack me up. Didn't yal try that in the late 1980s
      before Asia FELL OFF THE FINANCIAL MAP? What the heck
      are yal gonna use for currency - your monopoly money
      that depreciates faster than your credibility on this
      board?

    • Sell off ALL your BERK before it goes down
      further!

      The mere thought of an Asian invasion will cause
      panic in some of America's richer small towns. A lot of
      American owners can't stand Yellow People taking over
      their full-blooded American corporations. At first I
      was thinking of directing this second wave of
      Japanese invasion secretive, as I originally feared it may
      stop American consumers from flocking to our NFM,
      Disney parks, the Borsheim's, or subscribing to the
      Washington Post, Newsweek etc. But no, American consumers
      are color-blind. They have always gone for the lowest
      cost providers. Just look at how all those But
      American campaigns and movements failed
      miserably.

      And think about the huge trade deficits of ours for
      the past one or two decades. America remains the only
      nation in the world which will do nothing in seeing its
      trade with almost every country on earth going into the
      red. On one side of coin, you truly appreciate
      Americans of being so nice and kind hearted: buying more
      from almost any Asian country and selling less to
      them. But on the flip side, you are talking about
      hundreds of millions of American consumers who don't want
      to pay more for their products and services. Not
      even Bill Clinton -- who very well understands that
      the current increasing sizes of the trade deficits
      due to the Asian turmoil will come back and haunt the
      US economy during the next stock market crash --
      dare to touch them.

      I learned that lesson after
      seeing some of the Tinseltown's major studios were
      bought over by the Japanese. I thought some Americans
      would boycott the movies released by them. But no. They
      continued to flourish.

      But this is not true on the
      owners side I guess. So their sell off -- especially
      when the socially Democratic Warren appoints the
      economically conservative AB to the board as Vice Chairman --
      will push the price down significantly.

      Please,
      I beg all of you -- especially those who have been
      asking sissy questions like "Anyone knows why the price
      is falling?", "Will the price fall furthe?", please,
      sell of ALL your shares, so that Asians can pick them
      up cheaper.

    • Well, let me take a stab at it:

      (replying
      to a request by a poster for our guesses as to how
      many shares of Disney Corp that BERK will own at the
      end of 1998)

      (Sorry for the long winded
      post-writing style, I am doing it because many of my readers
      and audience get onto this board and download ALL my
      postings without reading other posts; so it will help if I
      explain what the hell I am responding when I am actually
      in very rare occasions responding to someone's
      post)

      BERK ownership of Disney on
      30-12-1998:

      64,690,242

      (not a share was bought or sold)

    • We are talking about a very select group of
      stinking rich Japanese, Taiwanese, Singaporeans, and
      Malaysians, who once convinced, will pump their money right
      in, and will check their net worth in 15 years (like
      me). As I have said before, the only reason I am here
      chatting on the board is for my writings. Once finished, I
      am gone fishing. And 15 years later, I plan to sell
      off ALL my shares in BERK and take over 10% of the
      listed companies in my country, and repeat what Warren
      has done in America: kick butt! As of right now I am
      waiting for the transparency signal to come (on the Asian
      side).

      It used to be Hong Kong and Singapore where you feel
      100% at home. Now, with the handover, Hong Kong is no
      longer what it used to be. And, Singapore, with its 300%
      reliance on regional trades, doesn't look good.

      For
      at least the next 10 years or so, I'm staying put
      with Berk.

    • It will go down A LITTLE more, but not tank.
      Reason number one, the expected PE is less than nine
      times now with the drop of the past few days, and
      Warren is sitting on the edge of his chair, staring at
      the computers but not playing bridge. He is looking
      at the price! (just kidding, I am sure some highly
      paid broker is doing that for us)

      Sure, all
      those original owners of BERK will die off sooner than
      the ever confident and upbeat Warren (having positive
      mental attitude helps prolong one's life, as does
      retiring and doing whatever you feel is good for the
      society -- like I am doing now).

      This is where the
      cash-rich Asians come in. It's almost insane to generalise
      things. A lot of Asians -- amid the current turmoil --
      are still holding to lots of cash, waiting to invest
      in THE greatest company that is going to make them
      100 times richer in 15 years (the only thing that is
      standing between them and BERK is the lack of a book
      currently in production). And a lot of Americans are
      looking at their almost nonexistent nest egg!

      Hey,
      if I am working full time for a boss now and I
      receive the pink slip today, I won't feel anything. I
      will probably say: thanks boss, see you at the
      (public) golf course this afternoon!

      But, to the
      tens of thousands of Americans recently fired on Wall
      Street, Boeing plants etc, these highly educated,
      intelligent, and highly paid executives as well as the blue
      collar factory works share the same predicament: almsot
      all of them are looking at a almost non existent nest
      egg!

      Theoretically, to hold BERK at the current price, I need only
      convince Asians to pump in US$80 billion in cash to BERK
      shares. That's about 10-20% of Taiwanese savings in their
      banks, and less than 5% of the Japanese
      savings.

      If my book is published in both the countries within
      the next six months, you are talking about only a 5%
      of the Taiwanese savers' money and a 2.5% of the
      Japanese savings in the banks.

      I am very confident
      on the Japanese. They are REALLY pissed off right
      now about their banks and Clinton-like politicians in
      the Rising Sun country. Reports have said that more
      funds flowed out of the country into the US than in any
      period before. You really can't survive in retirement on
      a mere 0.25-0.5% of annual interest.

      The
      Japanese have been buying up US bonds. My book will SURELY
      make them shift from bonds to BRK shares.

      Just
      think about this: if EVERYTHING is explained as good as
      Warren did, who doesn't want to invest in BERK? (I mean
      real savers and investors, especially the compulsive
      ones). The only thing that stands between them and
      Warren is the lack of a good work in THEIR
      languages.

      And one thing you must not forget: these Asians, when
      convinced about something, they will jump right in. They
      won't be spending hours and hours on the Net repeatedly
      asking bery sissy questions like "Does anyone know why
      Berk is falling?", "Does anyone know Berk's Book
      Value?", "What happens if Warren dies?", "or even my own,
      "Anyone interested in joining me to kick Eisner out of
      Disney?"

      cont'd..

    • "As first I was tempted to go into Phillip Morris
      thinking about more than half a billion smokers who will
      become rich enough to buy the generally-considered more
      prestigious American brand of cigerettes. But then, on second
      thought, with Disney, Gillette, and, most important of
      all, our insurance outfits (which by the way will all
      jump onto China, Japan, and the rest of Asia during
      the 2000-2005 period), we are pretty nailing them
      down already."

      Although I don't own any, I have
      been SERIOUSLY considering MO for quite some time.
      MO's return on equity is a staggering 41% !

    • On one hand, Disney is a SUPERB company with
      EXCELLENT economics. You can't start another company with
      US$50 billion of cash and beat the hell out of it even
      if you are ready to lose all the money within a
      year!

      One of the local newspapers in my area TODAY reported
      on how the VCDs (illegal of course!) of A Bug's Life
      were snapped like crasy unpon arrival at the local
      stores. It was reported that one of the owners even
      scolded his supplies not being able to restock on time!
      Have you all seen the movie? Excellent! Even if
      Dreamworks SKG or any other studios come up with somethng
      close, Disney still have a long life with outstanding
      returns because of their other revenues. Just think of
      how much the newly middle class China will be
      spending on Disney characters-toys, and the fees the toy
      makers have to cough up!

      One billion
      people!

      As first I was tempted to go into Phillip Morris
      thinking about more than half a billion smokers who will
      become rich enough to buy the generally-considered more
      prestigious American brand of cigerettes. But then, on second
      thought, with Disney, Gillette, and, most important of
      all, our insurance outfits (which by the way will all
      jump onto China, Japan, and the rest of Asia during
      the 2000-2005 period), we are pretty nailing them
      down already.

      But on the other hand, we have
      this f***ing CEO who thinks he is worth several
      thousands times of Warren.

      So, will Warren -- or
      has Warren -- sell Disney shares? It's a tough nut to
      crack.

      If I have to bet, I would say he hasn't.

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BRK-A
229,300.00+6,500.00(+2.92%)Dec 18 4:01 PMEST

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