the book is a good read, especially for ladies. Her dad, tom prousalis jr did most of my SEC and corp legal work from 1983 until 1992. By 1992 I was disgusted with lawyers, big eight CPAs, stock brokers and the idiots who owned the firms they worked for so after careful thought, and great advice from great friends in the business,I walked away from the industry. Both my lawyers ended up doing serious time in jail, the big 8 accounting firms ALL got in big trouble, most of the brokers I knew got disbarred or left the business, and LUCKY ME, I avoided all the problems, luck me ! GREED kills, no matter industry you are in, always greed kills.
who cares what gates thought of ibm ,years ago ? this is the tech space, he may have liked blackberry, years ago too. gates doesn't like ibm, now, end of story. buffett wouldn't buy msft, so he buys and promotes a , msft competitor, go figure ?
++ I'll bet on Buffett ++
cool, and I'll bet on gates in that space, so far, gates wins.
++ H, IBM has little or nothing to do with demand for BRK. My guess is far more shareholders approve of the holding than agree with your take on IBM ++
morning beach, lol, once upon a time you could post things that shocked me, that's no longer the case. if you get a chance look at a chart of ibm vs brkb since 2011, MAYBE, you will get it ?? carry on. BTW, I wonder , how much money has been lost because of buffett promoting ibm ? not just those who sold brkb to BUY ibm ? what about those who sold the ibm 200 puts, the 195s, 190s, 170s, etc ?? how have they done ? buffett doesn't understand, when the WORLD calls you the greatest investor of ALL TIMES, he has to be very careful , what he PROMOTES !!
HOLD IT, I just remembered the teachings in brkville high, DOWN IS GOOD, ibm has been a HUGE winner which explains buffett supporting ginnys HUGE 28 % pay raise ?? no one could make this stuff up, no chance, no way. So let the record be clear, I THINK, buying ibm over brkb in 2011 was the biggest mistake of his career, period, end of story, and I've been saying it since 2011, as you know. good luck with ibm.
if it takes you more than one day to figure out WHO to put on iggy you shouldn't bother being here. to answer your question, buffett has been a huge buyer, supporter, and promoter of , ibm,
that has hurt demand for brkb. Also buffett has made it clear he is remaining stubborn and wrong with respect to any return of capital to partners, no div, and a silly 1.2 xs BV buyback limit hence, limited DEMAND for brkb, simple. good luck.
innocent until the facts come out BUT, the stink is reaching vegas already ? IF, IF, that Jain blows up, the heat on brkb wont be far behind !
morning hbird, I think not ?? from this story ??
The Brown Stuff Is Flying Closer To The Fan Blades – Derivatives Problem At Deutsche Bank
++ The ONLY reason these resignations would have been unexpectedly coerced like this is if Deutsche Bank was have a potentially uncontrollable problem in its OTC derivatives holdings. Because of accounting rules, we have no possible way of knowing what DB’s OTC derivatives book looks like. Although Jain oversaw the build-up of the book, it’s likely that not only does he not know where all the bodies are buried, he has lied to the board of directors and shareholders about the riskiness of the bank’s holdings. ++
a must read for all retail investors. now someone should do the same analysis for ibm, ko, amex etc. Perhaps buffett would think twice before promoting any stock over brkb ??
he never would have sold those index puts years ago. That says it all, imo. Selling puts for puny premiums at market highs with the VIX at 12 into large spreads WILL result in severe punishment to the put sellers, its just a matter of time. good luck to those who ignore the warnings.
yep they can do spreads to reduce the RISK, but they aren't. PLUS, if you buy the lower strike to reduce the risk of getting blown up, your annual return will be less 5 % , why bother totie up the collateral ??
beach, huge difference between CASH secured short puts and using margin. hopefully for their sake ibm wont miss again, break 160ish, and take brkb down with it ??
++ Not quite as attractive as when I bought 3 years ago at $80,++
right, while some of us were stealing brkb at 80ish in 2011, buffett was buying ibm, so brkb MUST have been an obvious value ?? ucmtsu, no way.
brkb has tanked OVER 50 % at least 3 times since I've owned it. Some of you are taking way too much RISK for very small returns, in the way you are selling puts on margin, unhedged. So i'll start the day by saying what I KNOW buffett would say, with 1000 % confidence, don't use leverage to sell puts on brkb unhedged. I'll add that munger would agree with me and buffett , IF they posted on this board, period ! The notion that you can always sell other holdings, other assets, if brkb drops 10-20 % or more to raise the cash needed IF brkb is put to you is a terrible idea.
Marc H, if i'm talking out of line please correct me or email me and i'll correct my post if not, i'm repeating this warning to retail investors , buffett would HATE this game plan, hate it ! munger wouldn't say it as nicely as buffett and I would. To those who continue to shoot dice with brkb, good luck.
++ Yes and no---the puts I've sold are backed by the cash I have in gold, silver, savings bonds, treasury bonds and cash value life insurance which is not held in my stock accounts.
in other words, you are on margin, BUT, you have the assets you can sell if you have to take delivery of the brkb should it break 135ish and the brkb is put to you ?
thanks jad, that's the link I have but I only want to see the FORM 4 on brkb sales not have to hunt for it with all the other Cascade filings. Cascade has owned wiw and wia for many years, they now own over 20 % of both. I own wiw but for gates these are small bets diversification no doubt. NCZ isn't for you, 5 % premium to nav, uses leverage, what happens to converts if we ever get a big correction ?? what happens to the short term cost to borrow IF rates ever rise ? factors to consider.
can anyone find it ? thanks.