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  • More on the Berkshire (BRK.A -0.6%) downgrade: The cut may be more about S&P after the agency revised the criteria used to evaluate the creditworthiness of insurers, writes Erik Holm. Ratings cuts aren't a new thing at Berkshire, which lost its AAA at the epic March 2009 bottom. Also not new are succession worries, mentioned by S&P in 2009, and again today.   [View news story]
    Berky, deserved a down grade owing to the opaque or more correctly lack of a legacy. Using Insurance subsidiaries as a reason is ludicrous.
    May 16, 2013. 07:16 PM | Likes Like |Link to Comment
  • The Q Ratio And Market Valuation: Monthly Update  [View article]
    Warren Buffet and Charlie Munger have said they are not smart enough to time the market and know no one who is.
    I would watch my P's and Q's and not Queue up to the Q -Ratio

    Mar 13, 2013. 11:29 AM | Likes Like |Link to Comment
  • AIG will not join Hank Greenberg's lawsuit against the government, reports the WSJ as board members are more concerned about damage to the firm's reputation rather than the wrath of Greenberg and his lawyers.  [View news story]
    Correct decision, one should never slap Santa Claus in the face.
    Jan 9, 2013. 03:32 PM | 1 Like Like |Link to Comment
  • Berkshire's Weird Buyback  [View article]
    capital gains tax is irrelevant, if one holds the shares for the Buffett stated "ideal" holding period, forever.
    Dec 13, 2012. 10:23 AM | 1 Like Like |Link to Comment
  • Leucadia (LUK) announces the purchase of the rest of Jefferies (JEF), offering 0.81 of a share of Leucadia for each share of Jefferies. Jefferies CEO Dick Handler will become CEO of Leucadia. Leucadia already owns 28.6% of Jefferies. LUK shares +2.4% premarket. JEF shares +22% premarket. (PR[View news story]
    well, looks like Ian and Joe have made another brilliant investment,and remedied the legacy issue.
    Nov 12, 2012. 09:03 AM | 1 Like Like |Link to Comment
  • Leucadia: Searching For One Last Score?  [View article]
    Unlike Buffett they are keeping shareholders clearly informed about legacy issues.
    Like Buffett and good wine they getting better overtime, and it's my impression Joe would blurt out any cognitive weakness he sensed in either Ian or himself. No Axle Rose histrionics here, just straight brutal facts.
    Nov 7, 2012. 02:42 PM | Likes Like |Link to Comment
  • Johnson & Johnson's Mishaps Mask A Great Business At A Reasonable Price  [View article]
    Tim's article makes a compelling argument. However,
    as a long time Berkshire shareholder, Buffet has said be careful selling when we sell. Some times we sell for other reasons than lacking confidence in the company sold, as an example he sold MCD because he felt his purchase of Dairy Queen was a potential conflict of interest. However he said regarding JNJ..., paraphrase " JNJ is a great company with great products and balance sheet but they made a couple of mistakes and pretty big ones." It's not Buffett's pattern to sell wonderful companies to raise money to buy more wonderful companies. The tax issue alone would preclude such a maneuver.
    When Buffett sells with negative comments it,s a no brainer for me.
    Oct 10, 2012. 02:22 AM | 1 Like Like |Link to Comment
  • Berkshire Hathaway: Worth Its SALT - 2012 Update  [View article]
    The charts and analyzing book value vs intrinsic valve, the float and Salt, small market newspapers and all the rest are fun filled machinations, but the serious issues are IMHO; are that the grim reaper waits only so long for every man, and the questions that hauntingly nag me, are one, can Todd and Ted allocate capital as well as War and Char, and two, can the new CEO whomever that might be ???,(please be Jamie Diamon) attract new companies that are willing to sell out and yet continue to run them? I think many are attracted to the notion because of the heady alliance with Warren Buffett and Charlie Munger. who could blame them?
    Notwithstanding these pesky concerns Berky is always a buy...
    Oct 9, 2012. 12:52 PM | Likes Like |Link to Comment
  • The Good, The Bad And The Ugly: Johnson & Johnson  [View article]
    The article was well worth the read, I have been a JNJ shareholder for years, and no company has a better track record in the past of righting their mistakes.However,when the greatest investor on the planet sells, I have not the courage to remain.
    Oct 8, 2012. 12:52 AM | Likes Like |Link to Comment