great read from annie.
of course I voted or it would have been, 60 to 1 against, lol. the children of brkville voted with buffett, im shocked ! WITH the 1.2 xs BV buyback and with the FORCED buying as a result of the spy add, we are trading at 1.4 xs bv, end of story.
btw, I prefer buybacks but buffett has little interest in returning value just empire building.
bro, they just voted 50 to 1 against, no ? in 2007 if buffett opposed a split and he put it to a vote, just for me, wouldn't it have failed 50 to 1 ? wouldnt a buyback vote in 2007 have lost as well while buffett opposed it ? this is brkville, partners understand what little buffett says, little more. comprende ?
beach, IF brkb was trading at 1.7 xs BV, the foundations could sell less stock to generate the same proceeds from sales. PLUS, if retail wanted to take buffets advice and sell shs they too could sell fewer shs to enjoy the same proceeds. IF retail takes buffets advice and sells stock are there tax consequences ? What % of companies in the spy pay a div ? Do msft and aapl pay a div ? ALL these companies are wrong ,poor allocators of capital ? YYY would buffett buy stoooopid ibm, a div payer and a large buyer of its shs ? buffett has cost himself billions. the split lead to the spy inclusion which generated 30 billion or so of added NEW NET buying which helped to absorb the , FSFE, foundation sales forever effect !! uncle, call me, i'll splain this to you.
btw, interesting, I'm starting to see new positions in brkb in a few closed end div paying stock funds. They started to buy aapl as well BEFORE aapl declared its first div. They may be buying safe, little downside risk brkb for safety or they may be betting buffett and munger bought the cliffnotes to finance 101and will understand the chapter on DEMAND ??????????? that would be a beautiful thing ! uncle IF you get it call and let me know FIRST , I want to front run other buyers, love,hc.
many years ago the IRA was invented. From the start the FEDS instituted a very strict limit with respect to what you could buy in your IRA. The FEDS wanted to protect investors from blowing their retirement funds so, no gold or silver, no IPOs or secondaries, no options etc. Smart people in those industries understood these REGS limited potential DEMAND for these investments. I'll keep it short but today you can trade all of these asset classes in your IRA. I'll make this so simple even munger and buffett will get it, eventually, and then they can teach the children of brkville. How much money in TOTAL, is invested in, div paying mutual funds,div paying etfs, div paying closed end funds, retail investors who know the FACTS, that over long periods of time HIGH TOTAL RETURN is very dependent on DIVS as a meaningful % of expected TOTAL RETURN ?
To keep it simple can someone make a list of companies that declared a div, split its stock, authorized a meaningful buyback, and saw its stock suffer as a result of these moves without some sort of accounting scam hurting the stock ? Will buffett or munger master the concept of supply and demand before they pass ? Did the stock split HURT brkb ? Did raising the buyback limit to 1.2 xs BV HURT brkbs stock price ? Will buffett pass and allow his most loyal children to spend the rest of their lives CLUELESS and ignorant on such a simple concept ? IF not for the bni deal and the stock breaking book in sept 2011 ,I suspect brkb would be trading near BV with no split and no authorized buyback. NO majority shareholder in the past 50 years has done more to reduce the proceeds from his own stock sales its all very odd ? Maybe Icahn should do buffett a favor, buy some brkb and take buffett and munger to school, right balty ? uncle call me, let me splain this to you mano e mano, your favorite partner, hc.
morning dickey, bro, if buffett is against ANYTHING the children of brkville will vote against it in HUGE numbers, end of story. Not that long ago EXPERTS on brk and markets opposed a stock split , remember ? HOW did the split work out for us ? EXPERTS opposed a buyback, what has the buyback done for the stock price ? This isn't very complex or difficult to understand perhaps buffett and munger are very busy following ibm and haven't watched aapl trade ?
btw, remember in 2006 when I said buffett should use the Berkshire Hathaway name as a BRAND, as in, Geico, a BH owned company, and all our holly owned subs ? He is going it now, effectively , with the real estate brand. buffett moves slowly but once he realizes his errors he makes it right. The longer brkb lags spy the greater the chance he and munger re THINK supply and demand, it even applies to brkville. pathetic stubborn silliness, since 2006 he has cost the foundations 10s of BILLIONS in lost proceeds from sales. However he did create HUGE low risk opportunity to those who use options so I still love my uncle warren who gave away his stock for years via foundation sales.
dude, aapl, raised its div, increased its real buyback and split the stock, don't talk aapl in brkville you will CONfuse the children. those 3 moves are signs of WEAKNESS , brkville 101 !
brk had a vote, shocking to learn 50 to 1 went with buffett, no div. IF brk had a vote 7 years ago and buffett opposed a stock split, the proposal would have lost, 50-1. IF we had a vote and buffett opposed, authorizing a buyback, it would have lost, 50 to 1. IF, IF, buffett said TODAY, I get it,i understand at least 50 % of new dollars being invested EVERY DAY are seeking some , YIELD, i'm going to put it to a vote but I want to initiate a 1.5 % div yield to help increase DEMAND for brkb, it would win a vote, 50-1. Conclusion, no one has ever dumbed down his shareholder base the way buffett and munger have over the years. They can't think, or reason, they can just repeat the brkville madrassa silliness , 24x7, THAT, they can do. Hence I repeat , as long as brkb offers no yield and has a 1.2 xs BV buyback limit, 1.4 ish xs BV is fair value. Good luck to brkb experts still hoping for a move to 1.8 xs BV while uncle warren is making the calls. needless to say, buying ibm over brkb looks worse every week. go figure ?
gross touting bonds with the 10 year at 2.44, in less than a week the 10 year is at 2.56. if we go toward 2.75 the withdrawals from pimco will be huge, very strange HIGH RISK call ? is he desperate ?
lol, I love that guy.
morning syz, great memories. If you recall I listed the custom house I built in 2003 in 2007. EVERY offer to buy my house involved some type of mortgage fraud and the bells went off. I tried to save monkey but he was very stubborn and would not hedge, just like brig, refused to buy puts. monkey got punished in 08 but not killed he does spreads now. He moved to vegas about 10 years ago to beat Hawaii state income taxes. techman moved here as well to beat Cali taxes. 2 of our group became directors or key employee's etc of the companies we wrote about. 10-15 years ago we got info and heard things on the street in vegas u don't hear about now. lvr is a very bright fellow but members of his flock still read this board and still hound me for all these years, lmfaoooo. I was friends with a guy he got into an argument with and he got angry at me for staying friends with the third party, like high school revisited. He had health issues even back then , I hope he's well and enjoying his later years. Maybe one of the hc stalkers will step up and update us on lvr and how he's doing, the other guys in our group wonder as well ?
btw, the turnaround in shfl saved many butts as well ! from 40 to below 4 and back to the 20s is a long bumpy ride. take care,h.
no one connecting the dots yet but I still doubt they broke any laws ??
Billy Walters and the Story of the Computer Group, from 2008.