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The 10 Most Recommended Messages By rationalwalk

Take me back to where I was.
  • Date: 8/23/11 10:04 AM
  • Number: 179770
  • Recommendations: 90
"The pathetic disgrace is the dereliction of those, on this board, and elsewhere who are so morally bankrupt—and/or brainwashed—that they support coddling the rich at the expense of everyone else."

Part of the problem today is the
  • Date: 2/19/13 5:03 PM
  • Number: 198861
  • Recommendations: 85
I've now been a Berkshire shareholder for a few days over thirteen years. My first shares purchased on 2/15/2000, which I still hold, have provided a total return of 229%, or 9.6% annualized. During the same holding period SPY has provided a total
  • Date: 3/1/13 9:13 PM
  • Number: 199216
  • Recommendations: 80
What a choice of words at the start of the annual letter! Book value actually increased more than I anticipated (my guess was $113K) because the derivatives portfolio, that mysterious black box, posted gains in Q4 that I didn't attempt to estimate.
  • Date: 5/3/13 8:16 PM
  • Number: 201342
  • Recommendations: 72
My guess is that the mood in Omaha is just about as upbeat as it was five years ago at the 2008 annual meeting when Berkshire was somewhat off its record highs but still leaving everyone with warm feelings about the company. Berkshire closed at
  • Date: 8/30/11 2:07 PM
  • Number: 180286
  • Recommendations: 71
"Give me a break. I'm an accountant, and even I was unaware of the exception in this tax treatment. I think that the error was quite reasonable."

This was not the most misleading of the recent editorials. The ones claiming that
  • Date: 1/16/12 8:59 AM
  • Number: 185896
  • Recommendations: 62
Yes, he is. He is saying that he will only himself do what he views is the right thing if the government forces others' to do the same. That's lacking in character, to only to what's right if others' do as well. If it's right that the rich pay
  • Date: 8/30/11 2:32 PM
  • Number: 180294
  • Recommendations: 59
BTW, I wrote a letter to the WSJ editors to complain about the deception. I doubt it will be printed. Here it is:

Your editorial “How Not to Grow an Economy” (August 22, 2011) grossly mischaracterizes the tax policy changes that Warren
  • Date: 8/31/11 12:15 PM
  • Number: 180362
  • Recommendations: 58
The rift with the GOP is even more interesting considering that if we actually listen to what Buffett had to say, his views on taxes are to the right of not only Obama and the majority of Democrats but also to the right of the Republicans who voted
  • Date: 2/8/12 3:51 PM
  • Number: 186968
  • Recommendations: 57
This stock has been a major, major disappointment. You can talk intrinsic value all you want but at the end of the day return on investment matters most.

My records show a purchase of B shares on June 26, 2002, so not quite ten
  • Date: 9/20/12 9:47 AM
  • Number: 194218
  • Recommendations: 53
Berkshire closed at $133,000 yesterday which is the highest closing price 
since October 3, 2008.  Roughly four years.  It is interesting to take a
 look at the drivers of shareholders equity from 9/30/2008 to 6/30/2012 and 
then my 

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Take me back to where I was.
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