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.
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?
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.
Near zero interest rates makes everything a buyout. Real estate will take a hit if the FED ever gets serious about not ripping people off with their money printing.
The ending started right after the beginning. There may have been a middle in there somewhere but i doubt anyone is smart enough to figure that out.
Fed money printing still has outpaced the price of gold. I would say gold has some room to run. Then factor in how irresponsible our politicians will be in the coming years and you can have my monopoly us dollars for the shiny yellow stuff. At least it is shiny and nice to look at. US bills will be for started the firepit in the not too distant future. Ride on.
It is real estate. Specific use. Gov't is always trying to shake everyone down. They are worse than Don Corleon.
Autos and Real estate. If you told me sales were going to pick up i would have taken the other side ... and been wrong again. WEB still has it. Screw up selling KFT then gets it back cheap with HNZ deal. UCMTSU. Rails are going to bounce back in 2nd quarter now so looks like smooth sailing for a little bit. Headwinds are reinvesting rates as shown by TRV. GLTY.
Governments should be run as well as BRK. The BOE is a joke. They have ben destroying wealth since its creation. They probably view any profits as bad unless they can confiscate them some way like through inflation.
R u crazy?
MPW 58 properties. 1.861 PPE. .837 LT Inv. 2.201 LTD. 0 FCF. .141 Divs.
HCP 1196 properties. 10.886 PPE. 7.885 LT Inv. 8.921 LTD. .741 FCF. 1.017 Divs.
Looks like MPW is twice as risky as HCP to me. Plus HCP is much more diversified.
Why are you trying to con HCP shareholders to give up a good value for a lousy one?