BRK.B - Berkshire Hathaway CL B 10.37 48,822 Reduce 3.18% $118.55 ++
iv expert, last 1/4 tilson sold 3.2 % of his brkb, we'll see how much more he sold at 120 plus in q-1. wait,i just remembered buffett just SHOCKED the world by disclosing brkbs BV was 90, a true shocker. ucmtsu,no way.
++ "How overvalued are U.S. stocks?
- They're 65% overpriced. " ++
morning jad. IF kernen wasn't a human waste product he might have asked buffett, what are the odds of a 25 % sell off in the next two years ? 1 in 3, 1 in 5, a 10 to 1 shot ? instead the idiot asks about a 50 % sell off, the fool doesn't know down 25 % comes before down 50 %, pathetic. RISK is relative, stocks get most of the coverage but the bond space is off the hook with RISK relative to spy. Closed end muni bond funds are up another 2-4 % since I sold them, 4.7 % yield with low discount to premiums to NAV in the space, its totally nuts unless you think the 10 years stays at 2.75 % or lower for another two years. Did kernen , aka, the waste product ask buffett his 10 year yield thoughts , 2- 5 - 10 years out ? IF buffett had a gun to his head and he had to go all in Monday morning, ONE ASSET CLASS, spy, or munis, or high yield bonds, what would he buy , with a 3 - 5 -10 time period ? I say he would take spy, even out 5 years or shorter. While so many experts are talkin about the RISK of being long spy I ask, how much will closed end munis drop IF IF the 10 year is 3.25 % by year end ? IF the 10 year is higher than 3.25 %, forggeddaboutit, munis will get crushed down 20 % will be ez for the entire space. btw, gross was selling pck last month, a 20 % PREMIUM to NAV, lol, I think i'll take brk or spy over that closed end muni bond fund. ITS NUTS, retail is taking TONS of RISK and they have no idea what the RISKS are because the financial press talks STOCKS and RISK , 95 % of the time. I'm going to email hussman and ask him to opine on bond risk ??
from a piece in todays barrons,
++ One benefit of higher dividends is that they will attract dividend-and-income mutual fund managers. Many of those managers have stayed away from the financial sector because they're often prohibited from buying stocks that pay penny dividends. So if you believe the old saw that a rising tide lifts all boats—and who doesn't—buy the marina. Purchasing the Select Sector Financial SPDR is a simple way to benefit from higher dividends. The fund holds 82 financial companies, including many banks.+++
IF, in this years letter buffett had amended the buyback press release to reflect huge gains in iv and IF he initiated a 1 % div yield , the stock would be trading at 1.5-1.7 xs bv today, period. HE doesn't want it to trade there, hence 1.4 xs bv is very fair in view of the facts. This year HE promoted BRK and for that, I'm thankful.
will experts who dream of 1.7 xs book while brkb pays no div and has a silly buyback limit of 1.2 xs book realize they are smoking brkville wacky weed ? stay tuned. uncle warren gave everyone the opportunity to realize fair value into his pump, interesting times in brkville.
As I’ve long told you, Berkshire’s intrinsic value far exceeds its book value. Moreover, the difference has
widened considerably in recent years.+++
morning brky, I've given you all week and I respect your knowledge of buffets past statements so i'll take it you agree buffett has never been that CLEARLY promotional or CLEARLY THAT bullish brkb in the recent past, with respect to brkb, IV vs BV, maybe forever, is that right ? thank you brky.
took advantage of the opportunity to get 1.4 ish xs book. I have seen several large covered writes this week, with expected annual returns not very high, people are doing high risk trades for little return in both the bond and stock spaces , eventually these people must get punished. It would be really cool if uncles pumpathon letter of brk calls the top within 5 % or so for now ??
another hour with worthless kernen ? Give some serious thought to an hour call every 1/4 and allow Marc to screen the email questions etc, from partners which would add a lot of value. thank you, your favorite partner, hc.
++ Get this puppy back to 68....there are buyers waiting.++
sorry to hear rehab didn't work. bro, do ya think some kid named buffett may be a buyer a bit before 68 ? ya think book may drop to 60ish ? switch to glue bro, it cant be an worse ?
bro, I'm not talking nasdaq, I'm talking big board, im offered at 12, stock trades at 11.999 and the #$%$ trades against my order. Lets go back to 3 cent spreads and a TAX, 2 cents a share on day trading they offer zero value, let market makers and specialists earn a giving and run out the sbags.
++ H, the 1st AR I pulled up, 2010, look under the subparagraph "Performance" in the first few pages. Its in there.++
yikes man, u better read it again, maybe 3-4 times ?? THEN read THIS YEARS , wow, scary.
me and brky already did, its not in there. if any poster can show us the quote i'll stand corrected, simple. IF IF IV far exceeds BV, what's the point of a 1.2xs book limit ? If brk is at an 80 % discount to IV and above 1.2 xs book, ibm is a better value ? xom offers better value ? why ? buffett just told us he will never buy brkb unless the markets tank again, its ok by me, I did what I gotta do.
Buffett has been saying for years that IV greatly exceeds BV.++
beachbro, if that were true, which it isn't , hiow would u explain it taking so long for buffett to authorize a buyback ? YYY a 1.1xs limit, followed by a 1.2 xs limit, and YYY buy ibm over HUGE discount to IV, brkb ?
yikes beach, when BOTH boards were filled with posts with respect to if buffett had said IV exceeds BV by 20 % or so, no one can say that. you must have not been following the boards back then, its ok. IF loyal brkista , brky cant find that much PUMP in the past 15 years , it doesn't exist !
++ (he really didn't say anything different this year than in prior years, though he may have been more direct),++
yikes, hard to believe you would say that ??
The Holy Grail Of Trading Has Been Found: HFT Firm Reveals 1 Losing Trading Day In 1238 Days Of Trading, zero h,
fractional trading of a cent is the WORST the worst thing that ever happened to wall street. shameful.
jad that's the beauty of it all, not one expert even mentions this stuff, its a beautiful thing. it just goes to show us how a Jonestown can happen etc. don't leave bro, you cant even buy these laughs in vegas !!
letter of buffett's life comes within 5 % of the top ? btw, I'm jealous of you bro, U, get more hate mail then me, tho I may be missing the hate from KKracKKheads i have on iggy, well done old bud, well done. Not one expert has mentioned the tone of this years letter, AMAZING, buffett should give out cliff notes to finance 101 at this years meeting to all of his flock !! very sad.