How about they are honest and trustworthy in the management of our company.
Re read your post and see I didn't respond to all your questions.As to who approved the deal,the stockholders,which you already know.Public employee pension plans are a big problem for our country and should be discontinued and replaced by 401K type plans.
Morin HC,you sell yourself short,im sure you would have been an A student.I don't own KO directly,but if I did I would have sold it when the details of their executive stock incentive plan you reference was announced.It does help to explain why many companies with active stock buy back programs never really reduce the shares outstanding,which does benefit shareholders.It will be interesting how this will play out re Berkshires ownership of KO.One final thought,and another reason for owning BRK,I don't think they use employee stock incentive plans.
As it should; the rich provide the capital and assume the risk.
The market is clearly trying to price the current middle eastern situation,and appears to be having trouble with the process.Expect big swings up and down until the picture comes more into focus.
As a retired registered investment advisor,you have provided far less imformation than would be necessary to provide"advise/guidance" on portfolio allocation.Also,anyone who would provide such an opinion is acting unprofessionaly and not in your best interest.
Ha HC,are you concerned at all about living in a desert?Could you be running out of water like some of the areas in California? What would your citizens do if the exisiting water supplies gave out do to the lack of rainfall in the last few years?Do your governments have any plans in place that you are aware of?Please enlighten me.I see the lack of water incertain areas of our country as a major challenge for them going forward.Looking forward to your response.
You have answered your own question.Many years ago when I taught Economics in college I would open the class discussion on how prices are determined in a Capitalistic Free Enterprise system by writing on the board the price of an item and ask for why that was the price.I remember the discussion when bacon hit $1.00/pound. I would write the reasons the students gave on the board,high grain prices,high taxes,government AG policies,price collusion,draught,etc etc.Finally I would call an end to to the discussion and write on the board"because you will buy it at $1.00/pound.
As I have already said,the risk of this position was very low.Dont understand your comment re "earthquake insurance".
All I know is that I have $5400.more than I had on August 1st with Zero investment and in my opinion little risk.Kind of like free money.Plus$5400/ zero for 2 months is a lot bigger number than 6%.Cant wait for you and Jads reply which I know is coming.
That was really a hard scolding,but your basic tenant is correct,those who forcasted doom and despair and sold,left a whole lot of money on the table.
Buffett took Nebraska to beat the line vs Fresno State of 121/2points at a casino in Vegas this weekend and won $500 bucks.The guy knows football and good odds when he sees it.
Did you sell your entire position in Berkshire? Was it in a taxable account? How many shares?How long have you held them?