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auto44

auto44
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  • Buffett Increases Berkshire Hathaway's Investment In Deere By 125%: Let's Analyze It [View article]
    Mycroft With that comment my respect for you just elevated.
    Mar 2, 2015. 12:36 PM | 1 Like Like |Link to Comment
  • My Take On Buffett's Letter To Berkshire Shareholders [View article]
    Second guessing Warren Buffet is an exercise in futility. Especially on something as complicated as IBM. Five years from now we will know if he is right.
    Mar 2, 2015. 12:09 PM | 7 Likes Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Mark-A Market price of these assets is not necessarily the intrinsic value of them, any more than it is of the whole company.
    Buffet does not judge the value of companies by their market value, he judges them when he buys them on what he thinks the earning will be over the next five or more years and he advises folks who can not do this competently to buy low cost index funds and stand fast and use their time somewhere else.
    Mar 2, 2015. 10:36 AM | 1 Like Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    IBEX Yeah, but it makes people think and that is good and they get to hear from smart commenters like you. Quite often I learn a lot from commenters, especially the ones that disagree with me.
    Mar 2, 2015. 10:15 AM | 1 Like Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Good comment Briar This helps the point that BV no longer is a good indicator of the intrinsic value of BRK since the wholly owned businesses are not carried at their true worth and indeed since partially owned companies are marked to market(auction prices) and must be accounted for in that way. They may or may not be properly priced and show on the book either properly or not. There is no way to make a book value figure entirely accurate unless your only asset is cash. Long term wholly owned subsidiaries make this less accurate the longer you own them assuming their profits keep increasing.
    Mar 2, 2015. 10:10 AM | Likes Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Mark-A
    Read the letter you can find it on the BRK web site. In fact all the letters he ever wrote to stockholders are there, if you are really interested in learning from Warren, read them all.
    Mar 2, 2015. 09:55 AM | 1 Like Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Mark-A And how much are those dividends and what is the percentage of KO stock that Berkshire owns.
    Mar 2, 2015. 09:52 AM | Likes Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    iyonwin You were paying attention. Good work. They paid 25 million for See's Candy and made so far 1.9 billion on it. Book Value still 25 Million.
    Mar 1, 2015. 04:57 PM | 3 Likes Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Brilliant Warren Buffet does not judge companies by their market prices for a couple of years. He has made a lot of money exploiting the market when it was inefficient. In the case of KO he gets the profit on every sixth six pack of coke sold. Why would he sell that? In the case of IBM he is depending on them selling not so good businesses and improving on the growing businesses that they own, and the huge buybacks they are now undertaking. Second guessing Warren Buffet is a fools game. He is not infallible, but he is not mesmerized by stock prices like most of us are.
    Mar 1, 2015. 04:53 PM | 2 Likes Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Second guessing Waren Buffet is a fools game.
    Mar 1, 2015. 04:22 PM | 12 Likes Like |Link to Comment
  • Did Warren Buffett Move The Goalposts In The Latest Letter? [View article]
    Shareholders can not spend book value they can only spend market value. In his letter buffet explains that as the company has grown book value becomes less representative of intrinsic value due in large part to the inaccuracies of GAAP accounting rules. One problem is that they have to carry the value of wholly owned businesses at the purchase price when in reality they are worth now many times more than what they paid for them. As time goes by this gap becomes wider and the use of book value more dysfunctional as a so called goal post. Non conglomerate corporations don't usually have this problem with book value, but book value is not always the solid indicator even for them that folks think it is.
    Mar 1, 2015. 04:14 PM | 14 Likes Like |Link to Comment
  • Is India The Next China? [View article]
    Danny Furman MYSTIFYING!!
    Mar 1, 2015. 12:38 PM | 1 Like Like |Link to Comment
  • Is India The Next China? [View article]
    Danny I guess that sums up your knowledge of the subject. Thanks
    Feb 27, 2015. 03:48 PM | 1 Like Like |Link to Comment
  • Is India The Next China? [View article]
    blablah Your concerns are accurate and do have merit, but the money/profit is often where concerns are the highest. With the said I don't know if I am ready for this or not.
    Thanks Joseph for another good article.
    Feb 26, 2015. 12:06 PM | 1 Like Like |Link to Comment
  • Is India The Next China? [View article]
    So Danny Please do inform us with your superior knowledge of the subject, or do you just lay and wait to slam this author? Thanks for your wonderful contribution to the discussion.
    Feb 26, 2015. 12:01 PM | 3 Likes Like |Link to Comment
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