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Berkshire Hathaway Inc. Message Board

jad1148 84 posts  |  Last Activity: Sep 2, 2015 5:18 AM Member since: Dec 8, 2002
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  • Reply to

    Ca-Ching!

    by jad1148 Jun 10, 2015 4:25 AM
    jad1148 jad1148 Jun 10, 2015 8:53 AM Flag

    I don't own IBM, at least not directly. But at the right price I might be tempted to take a "flyer" (no more than 5% of my portfolio) on it. On the other hand, there is no price that would tempt me to buy BRK-B ever again.

    « After buffett passes , brave financial reporters will write the truth, IF, they ever understand it. »

    I sincerely hope that does come to pass. Unfortunately I probably won't be around to read it.

    One of my interests is the post war (1945-1963) history of "Automobiles Ettore Bugatti". I recently purchased a reading copy (collectible copies were too expensive for me) of "Bugatti by Borgeson" (1981) that addresses the very subject you are alluding to. Borgeson's book is subtitled: "The Dynamics of Mythology".

  • Reply to

    Ca-Ching!

    by jad1148 Jun 10, 2015 4:25 AM
    jad1148 jad1148 Jun 10, 2015 7:57 AM Flag

    I still contend that paying ~$170 in 2011 was way too early. But paying ~$165 today might work out.

    I do agree with your statement "... because buffett refuses to return cap to shareholders". That's a very real issue for me. WEB has just celebrated 50 years of running BRK and BRK's cumulative distributions paid to its shareholders over that 50 year period totals ... ten cents per "A" share.

    I find it abhorrent, that as a co-owner of a business to be told that I am not entitled to take some profits in real time, that if I need some money I should "make my own dividend" by forfeiting some of my stake.

    "Undistributed earnings reinvested in a business cannot properly be considered a second form of payment to its owners. The money thus diverted remains at risk. It may finally fail to earn any profit at all. Unless it produces dividends sometime in the future, it comes to nought."

    - Reference: Williams, John Burr. Interest, Growth, and Inflation or The Contractual Savings Theory of Interest. Circa 1964-1974. Page 141.

  • jad1148 by jad1148 Jun 10, 2015 4:25 AM Flag

    Today is Payday.

    IBM pays BRK more than 103 M$, that's a dividend of $1.30 per share per quarter payable today times 79,865,115 shares as of 31Mar2015.

    Mmm, dividends, sweet dividends, is there anything they can't do?

    Yo, hc. My guess is that Buffy bought even more IBM yesterday. Early in the day, it traded briefly for less than 11 times estimated 2015 eps.

  • jad1148 jad1148 Jun 5, 2015 9:36 AM Flag

    Try searching « SEC CIK#: 0001052192 »

    Yo, hc.

    Since you're this board's CEF expert, what are your thoughts on Cascade's recent purchases of WIW (leveraged CEF, inflation-linked securities, currently trading at a discount to NAV)?

    BTW, I've been watching NCZ (leveraged CEF, high yields & convertibles, the premium has been dissipating over the last year) for several months now, but still can't make any sense of it.

    I probable won't pursue either, I'm now too old and too risk adverse.

BRK-B
129.64-2.51(-1.90%)Sep 4 4:01 PMEDT