PS - Just like BP. If the gov't takes too much money they it will get nothing. The gov't just bleeds off as much money as it thinks it can while letting the business survive. Then they lay off for a while and come back and hammer for more. How is the gov't going to win this when they have to say they are being cheap with people's healthcare? That won't go over very well? Settlement for what? Call Carlyl. I am sure they have their buddies in the gov't running the numbers with them and have a payoff amount ready to go. Or maybe not.
I am a buyer. MC is not going belly up. If they go belly up the gov't can't milk them for more "charges" in the future. The gov't needs teets to feed its greed.
Took some B shares off today near 146 from the low 140s. Good quarter but RE is going to be tough and Geico was tough. Seems like operating businesses are doing very well. WEB really plans ahead. Wish he was 20 years old again so I could profit from his wisdom and wit for decades to come. In the big scheme of things life is so short.
Aig rocketship. It is a trust issue. I don't think i could sleep good with players with no skin in the game. Aig and c and leh and bsc all blew themselves up pretty good last go round. My first stock was crazy eddie so if i don't trust management i can't pull trigger. Glty.
Nice. Traded out of axp for a profit and added more jnj yesterday as well as some pg. Brk is getting rid of pg so i added a few shares. aapl has had a great run. I wish this old dog wasn't so set in his ways or i would have made much more. I was one of the first with an ipod and ipad. Glty this weekend. Going with pac man although mayweather is taller, heavier and looks like he has a better reach. The odds are against me but i will be surrounded by all who speak tagalog so i dare not root for the floydd.
Sounds about right. 1.4 or so. More depreciating assets than before with bnsf and bh energy and it is questionable as to whether some of those assets like new tracks and tunnels have values that go down. Still trying to get my head around 1/2 of hnz for 1/4 of krft/hnz.
Someone wanted out at a good price and they got it. I don't like moves like this when everyone thinks more trouble ahead. I am out but will buy back lower.
Maybe take some off the table and take the wife out to dinner and just enjoy the moment. When I lose money it is not so much the money but the experiences that it buys that bothers me. I have a longer run than you since I am just a bit over 50. After I sold my business I thought l would be on easy street. That was before the FED turned on the spigots and forced me back into equities. I would sleep better in treasuries if the losers running our country would balance our budget and act responsible. I refuse to buy treasuries (directly) any more. The worst company is probably still better run than anything that comes out of DC and it is no fun playing last man standing. Besides AAPL most corporate profits are deteriorating if not for financial engineering games. BRK may be a bit overpriced here but what isn't overpriced at the moment? Tough market and much to think about. At least you have someone with a good head on his shoulders running BRK. FYI - I still make careless mistakes (or unforced errors as WEB would call them). GLTY and I wish you well. Maybe WEB will pull another rabbit out of his hat this weekend.
If u don't need the money in the next year or four then no one will be a better steward than WEB. It will often look like he is doing something stupid but it will rarely be the case. I have lost the faith many times over the last 25 years and it has cost me dearly each time. Brk is not cheap here but it is not expensive either. I would guess a little higher than the midrange currently but wthk?
We started the mess and now the world is paying the price of zero interest rates. No wonder the rest of the world wants to get off the dollar. China is making inroads with internationalizing its currency and Russia is getting on that bandwagon. Europe will implode. US dollar wins by default ... for now.
Ur fine. Take BV plus float minus insuance goodwill and you are at something like 187k a share. Remember intrinsic value will be much more than bv if assets are not marked to market like in brks old days. Brk is now planes trains and automobiles (and houses and power and a whole lot more). Look at bnsf and its book. U can't start a railroad like that today. Let the sellers sell. See who is better off 10 years from now.
I would rather own the gold than a company that mines it. CEOs do stupid things when they build their empires. You have execution risk and political risk and debt burden risk. Nah. Just give me the shiny yellow stuff. I don't care for the hassles.