1.2 is the new 1.1 actually. That is what WEB said anyways and he is a pretty straight shooter. Problem is about 1/3 of BRK's value is derived from equity investments and they have dropped pretty hard from July 1. If the Bs were at 100 and KHC adds 7 before tax and 4 after tax that is 104. Subtract out 8 to 10 right now from "el droppo" and you are at 94 to 96 right now and then add 1.50 - 1.75 for the 3rd quarter's performance. Par is now 115 to 120. A nice bounce back in the market would drive that higher. I hope WEB bought into the 50+ VIX for a trade on some of his positions.
Nice bounce off of Oct low 1830. Last two market highs 1550 would make sense for a floor with 2% 10 year. BRK operating earnings keep going up. If market doesn't bounce back this quarter will look rough for BRK on investment losses. May provide a good buying opportunity after earnings. Cap ex on oils is still nuts. Complete wipeout. All the driller debt is going to hurt someone if things don't change.
U better get another indicator. This is my gift to the next generation. Never selling this and spy. 120 was the old yardstick. bRK lost 15 bil on equity investments in this kittle rout.
I don't think zero hedge has ever said to buy stocks. Gartman headline is pretty good. Those who invest invest. Those that trade trade. Gartman is neither. It is amazing he isn't pushing a shopping cart and living under a bridge. Nope. CNBC keeps him off the streets. Our streets are probably safer.
Women drivers are as good as men drivers according to the State of CA. If you cross the CA regulators on this one you will pay 12 million. Yeah right. That sounds fair. Looks like CA is starting to dig deep into pockets on anything they can come up with.
Just bought more BRK and sold BRK puts. Lowest price was 126 today. I will let WEB's team figure this out. I don't need to. BRK at 1.3 X book is usually not too bad. The puts put me in close to 1.2 X book (maybe a little higher after today's rout).
Any shareholders think they will get a better offer now? I would be fine with BRK backing out because I am a BRK owner. I think we paid too much.
Your a big guy calling someone on a message board a mouse. I am down on my BRK today. So what? I would rather own that than dollars over the long term. I don't need money in the short term. You gonna make a case for holding dollars to me? I didn't think so.
Feel bad for those who bailed. 2% with the government is just another way the gov't rips you off. Between the FED, the Treasury and the banks the little guy doesn't stand a chance. Bunch of crooks. All the intervention makes me angry for those who have worked their entire life just to have their pockets picked by the government. The banks are complicit because they help the gov't perpetutuate the fraud by helping to sell Treasuries at 2% or less. Blankfein "We are doing god's work." Well, I guess that is true if you think the government is your god --- which in the case of GS it certainly was (or GS would not be here today).