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Berkshire Hathaway Inc. Message Board

  • asdsdf asdsdf Nov 17, 1998 3:33 AM Flag

    ASIANBUFFET

    There was a guy on this board who bought Brk on
    margin at 84k.... guess he got really worried when Brk
    dropped below 60k. Paying interest is easy... meeting a
    margin call may put you out on the sidelines...

    I
    remember a few thousand posts ago somebody screamed "Brk
    will crash!".... I opened he message and it read
    "because I just bought some!"

    Murphy's a real
    asshole, and he'll dick you the minute you drop the soap!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes, I do. The day he starts calling everyone
      frauds (the "real-owners" is subtle way to do it, but
      Congo doesn't have the where with all to be subtle), is
      the day he shows he was inbred from the same farm
      animals Congo was.

    • Do you sometimes get the feeling that there are people like Congobuster everywhere? I don't know why, but when I read post after post from ASIANBUFFETT, I can't help but think of Congo.

    • Go boy!

    • to see what this board was like before all these craziescasme aboard! nice langue plus interisting topics not the postings that we have been getting MYCROFT where are you ?

    • <<True owners that I know of personally
      delight at learning about my analysis. >> I am a
      true owner and held shares in this company many years
      before you. I do not take delight in learning your
      analysis because you don't have a clue about Berkshire or
      Buffett. All true owners recognize that.


      <<The only reason someone would disagree or show no
      interest at all in the future prospect of BERK is that he
      currently is holding zero shares in BERK>> The only
      reason someone would disagree with you is because he
      holds zero shares in BRK? From reading your posts, I
      guarantee you that Warren Buffett would disagree with much
      of what you say and the last time I checked he owned
      a few shares.

    • I agree with "ignoramus" saying " What I do not
      like about your postings is that you make scads of
      assumptions, but never
      articulate them and never explain
      to us where they come from. Thinking in this way is
      bound to produce errors."....

      and also, mislead
      a lot of people who aren't 'finance
      majjors'..

      mostly you're pretty good, but a little too windy,
      without clarifying all your reasons, assumptions and
      calculations (or basis) for arriving at your numbers like P/E,
      future stock price etc. Half knowledge (given or taken)
      is dangerous..

      I hope everyone keeps this in
      mind, there are a lot of financially astute people on
      this board, so lets pool our minds, and make rational
      predictions and reccomendations..

      thanks everyone...

    • Given people's perennial and misguided optimism,
      I do not regard any job or a business as
      "rock-solid". If you do, you may be mistaken. Borrowing money
      to buy securities is risky in any form, although the
      margin form of borrowing may be riskier, because you
      have less leeway as to when to sell.

      In the
      end, you will be required to repay the loan, and I
      have no assurance that BRK will indeed
      appreciate.

      I hold BRK because I think that its risk/return is
      better than anything I could achieve by myself. I do not
      think of it as a riskless security. I own it because I
      would rather let Buffett do capital allocation for me
      than do it by myself.

      What I do not like about
      your postings is that you make scads of assumptions,
      but never articulate them and never explain to us
      where they come from. Thinking in this way is bound to
      produce errors.

    • True owners that I know of personally delight at
      learning about my analysis. The only reason someone would
      disagree or show no interest at all in the future prospect
      of BERK is that he currently is holding zero shares
      in BERK, and the reason he is so obnoxious in his
      words is that he has missed the express boat to Omaha,
      the Cradle of Economics.

      I feel sorry for
      these people, but their presence on this board (another
      sign that I am a very optimistic person who always
      looks at the bright side) is vitally
      important.

      They remind us of middle class people who have missed
      the boat, especially those who are not happy with
      their jobs, and try to get some recretional value out
      of verbally attacking those from "the other side of
      the tracks" (To Kill the Mocking Bird).

      To
      help save these people and help cut down on the number
      of mentally ill and crimes, we truly need BERK to do
      more, faster. Opening up more NFM will be a good start.
      Going into direct-selling retail life insurance is
      another.

      For those true owners of BERK out there: whenever you
      read postings by an obvious non-owner, please refresh
      your mind of my proposals for BERK to do more and
      faster.

    • Substance over form, there are the three words
      that I told people (in my own opinion) represents the
      three best words to describe Warren's teachings and
      philosophy.

      "Debt" may sounds like something great or bad depending
      on who you are. But a rational investor would take
      away the "form" (debt) and try to decipher what is
      it.

      When Warren mentioned about debt is like driving with
      a dagger pointing to your heart, you are bound to
      hit some pothhole, what he means is the traditional
      way of obtaining debt. For eg: the majority of Asian
      companies which took in loans in US dollars (to take
      advantage of a supposedly stable exchange rates and the
      huge differentials between Asian interest rates and
      those found in the World's HQ of Capitalism) during the
      last several years, thinking that one, the exchange
      rate would continued to be propped up by their central
      banks, two, the robust economy (which has been growing
      at near double digit rate for the past decade) would
      also continue.

      In other words, traditional
      debts incur paying the interests with hoped-for
      corporate (or share price appreciation, as in margin plays)
      earnings. If that hope doesn't come true, the dagger will
      hit right into the heart of those undertaking the
      risky ventures (or, more accurately, the bankers, the
      owners of those public corporations -- including me for
      a at least a few months before I sold out at a loss
      and converted to BERK, but the loss is very small
      when compared to my whole portfolio, thanks to the
      Great Man from Omaha, millions of thanks --, and
      finanlly, the taxpayers).

      If you have a rock solid
      job or business (you define it yourself) which can
      comfortably weather the coming global depression, and as long
      as it is a ten year loan from your relatives, and
      that you can comfortably make good on those monthly
      interest-plus-part of principal payments, it is not at all like the
      traditional debt.

      In conclusion, these non-traditional
      debt doesn't rely on BERK appreciating.

      Think
      of your own money. You have a choice of putting it
      in the bank or buying BERK. You made the choice of
      buying BERK. Think of it as you borrowing from yourself
      and foregoing the low, low interest income every
      year.

      If BERK drops in price, you actually lose out no
      matter you are taking the money as loans from your
      relative or from yourself!

      Given the structure and
      nature of the relatives debt, I don't think it is risky
      at all given my various analysis on BERK's future
      10-15 years' prospects.

    • what do you find so incoherant about our yellow friend?

      i enjoy his optimism.

      greg

      ps: EVERYONE has had sex with madonna

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