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The 10 Most Recent Messages By rationalwalk

Take me back to where I was.
  • Date: 5/24/13 7:25 PM
  • Number: 202102
  • Recommendations: 0
Don't underestimate the third use of capital, being internal expansion. It seems that Mr Buffett might once again be a step or two ahead of us in appreciating this problem, having purchased MidAmerican and BNSF. They both can deploy vast amounts
(Continued...)
  • Date: 5/24/13 6:23 PM
  • Number: 202097
  • Recommendations: 0
Actually same deal for Liberty Media and STARZ. I believe these 13Gs were filed to disclose Weschler's personal holdings in the context of his employment at Berkshire and whatever agreement has been entered into regarding his future activity in the
(Continued...)
  • Date: 5/24/13 6:20 PM
  • Number: 202096
  • Recommendations: 0
Same deal with directv ... Large personal stake owned by Weschler pre dating BRK employment:

(Continued...)
  • Date: 5/24/13 6:17 PM
  • Number: 202095
  • Recommendations: 1
Scroll down to the bottom of the DVA filing. Weschler owns the stock in a big way, which predates him employment at Berkshire.

(Continued...)
  • Date: 5/24/13 6:11 PM
  • Number: 202094
  • Recommendations: 0
Still, when Mr Buffett signs out, it won't take long, maybe 10-12 years, before half the company is from the new people's investments. A sobering thought.

If not paid out as dividends which is also a sobering thought.
  • Date: 5/24/13 5:39 PM
  • Number: 202090
  • Recommendations: 1
A newly purchased operating company would probably have a fair P/B of 1:1 because it was probably bought at a multiple of its own book value, but that fair-value multiple might rise very slowly over time as money was invested in the
(Continued...)
  • Date: 5/24/13 5:09 PM
  • Number: 202088
  • Recommendations: 2
7 A shares purchased this week:

http://www.sec.gov/Archives/edgar/data/1067983/0000919574130...
  • Date: 5/24/13 3:52 PM
  • Number: 202082
  • Recommendations: 2
Remember that one of the things we were saying a few years ago, when Berkshire shares dropped from close to $100 at the beginning of 2008 to just under $50, 15 months later, was that it would have made sense to lighten up when the company was
(Continued...)
  • Date: 5/24/13 3:40 PM
  • Number: 202080
  • Recommendations: 1
No, it's really not, and the absurdity of that statement should be apparent to anyone with a brain.

How many recs would that comment get if a conservative posted something like that in response to a liberal or progressive?
  • Date: 5/24/13 3:20 PM
  • Number: 202079
  • Recommendations: 2
It is interesting to look at sell strategies based on a deep aversion to part with shares under a conservative measure of intrinsic value - let's just say that number is 1.5x book. On a "trailing" basis, the last time Berkshire traded at
(Continued...)
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Take me back to where I was.
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