Often reference is made to the fact that the RRs have fewer employees than before. They now hire private contractors, to do many jobs that were previously done by their own employees. Large construction equipment owned by the RRs and by the contractors does the work that earlier required several people to accomplish. The large equipment; does not suffer personal injury and the costs of employee benefits furnished by the contractors, such as retirement and unemployment are not as burdensome. Fewer people now but the work does get done. Check the track record.
Burlington Northern's New Engineer: Warren Buffett [View article]
It was my privilege to attend the past two BRK annual meetings. It was estimated that 35,000 were there last May. The auditorium was full, it will be burdensome to accommodate a lot of new share-holders. Does it follow that options will be traded on the new share class?
I placed a buy order for 2000 @ $15.14, near today's opening, it filled; 1000, 600 & 400, traded above $15.20, made a new low of $15.11. Now it is $15.27, and if I do not see more red ink today, it will be a surprise.
Warren Buffett and the Imaginary Economy [View article]
The best reason that I think of, to give funds to a charitable foundation rather than our government is that the foundation might get more bang for the buck. Also; it may be spent for something more to my liking.
Trace Mayer, I learned a number of things from your article, thank you. Though many people might pooh-pooh my knowledge of the “financial” party line, (Jim Fisher included) I think Buffett would be okay with my holdings and I may request that he send out a few of my certificates. They will not lose their value as scratch paper.
Berkshire Arbitrage Opportunity Eliminated: Is the Market 'Efficient'? [View article]
This is a tax question: If I sell BRK-A, that has been held for more than a year, at a loss and immediately buy back 30 or more BRK-B shares, will I be entitled to claim a long term loss on the A and establish a new basis on the B shares?
What Caused Berkshire's Freefall - And How Investors Can Benefit [View article]
We are long, just as we were when the stock pecked. It seemed impervious then, are still long with looses. The chart pattern is telling us it will go still lower. My expectation is that it will be years before BRK-A gets back above $150K.
At the annual BRK meeting last May, Warren told the 30,000 people listening that their returns in the future would not be as good as they had been and if that was not satisfactory that they should probably sell.
After a long vacation from stock investing, for a year or so I tried to imitate Buffet. For what ever reason, maybe the up market, I gained. It came to my attention that he was running BRK for a very small percentage of its value. Let that amount equal X. Now if his results are equal to more than mine + X, then I felt that I should hire him. Disclosure; BRK, A&B now represent about 50% of our household assets, 90% of our stock and we plan to buy more.
Money Managers and the Berkshire Hurdle [View article]
My financial acumen is likely well below the median of the other Berkshire shareholders, but silly me thinks Buffet’s longevity has long been factored into the stock price.
Warren Buffett Accumulates NRG Energy, Ingersoll-Rand and Union Pacific [View article]
RonB, Thank you for your observation and post. A question that almost continually occupies my underdeveloped, long A & B mind is: Instead of concerning them selves with what Warren has done or is going to do, why don't they just join him?
Buffett and the Forever Fund [View article]
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What Caused Berkshire's Freefall - And How Investors Can Benefit [View article]
A Bailout for Berkshire? [View article]
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Warren Worship [View article]
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Warren Buffett Accumulates NRG Energy, Ingersoll-Rand and Union Pacific [View article]
A Few Thoughts from Omaha [View article]