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06-21-2022, 04:26 PM
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#21
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Moderator Emeritus
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 15,038
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 Quote:
Originally Posted by Koolau
Well there's still Charlie Munger - He's only 98.
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He may have a couple more years left in him...  Maybe he's on a low carb diet and only uses good cooking oil! 
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
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06-21-2022, 10:36 PM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 32,573
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Though I own some BRK, I never look to see what's in it. I figure it's a conservative holding, and while I don't expect it to really outperform the S&P over the long run, I hope it will weather downturns better than the S&P. Will see how it does in this bear market. I did not know it's so much Apple. 42%! OK, good thing I don't own any Apple stock in addition.
As promised (threatened?), I sold a lot of call options today. 37 contracts to be exact, netting me $2500. Expiry on this Friday 6/24, except for a few on 7/15.
The futures are down as I write this. So, I will not get a chance to sell any more options. That's it. Back to the bear market. Down we go.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-22-2022, 12:27 AM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,681
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Quote:
Originally Posted by Markola
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No Apple is 42% of Berkshire's investment portfolio. Berkshire's investment portfolio is roughly 1/3 of the value of the company. The majority of the value of Buffett's baby isn't the stock it is the 40 odd companies he owns outright.
Everything from railroad giant BNSF, to Geico insurance, small guys like See's Candy, Dairy Queen and hosts of others.
A couple of days before the bottom of the 2009 market, I wrote post on here detailing why I thought Berkshire was a super safe bet, and was all but certain to be a lot more valuable in a couple of year than it was currently trade for. Berkshire is my largest individual holding
I think Berkshire valuation is starting to get attractive. But, I'm no where near calling a bottom for Berkshire yet.
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06-22-2022, 07:52 AM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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Apparently not on a diet of See's Candy and Diet Coke like The Oracle.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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06-22-2022, 10:50 AM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 24,864
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Berkshire is down 25% from its March 31 high
Quote:
Originally Posted by freedom2022
Nobody is riding high right now.
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Perspective, context!
Look at this link - set it to one year, and then scroll back so it ends at ~ 30MARCH2022.
BRK is ~ +38% compared to VTI ~15%. So BRK can drop more than VTI from that point, and still be ahead over the longer term.
For 1 year to 21JUNE2022, BRK outperforms VTI ~-2% vs ~-14%.
Go back to 1999, BRK leads the way almost all the time.
Those charts include divs (for VTI, BRK is no divs).
-ERD50
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06-22-2022, 02:25 PM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 13,712
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Quote:
Originally Posted by Markola
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Apple currently constitutes over 42% of Berkshire Hathaway’s investment portfolio.
Does not count the businesses owned.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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06-22-2022, 02:28 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 13,712
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Quote:
Originally Posted by clifp
No Apple is 42% of Berkshire's investment portfolio. Berkshire's investment portfolio is roughly 1/3 of the value of the company. The majority of the value of Buffett's baby isn't the stock it is the 40 odd companies he owns outright.
Everything from railroad giant BNSF, to Geico insurance, small guys like See's Candy, Dairy Queen and hosts of others.
A couple of days before the bottom of the 2009 market, I wrote post on here detailing why I thought Berkshire was a super safe bet, and was all but certain to be a lot more valuable in a couple of year than it was currently trade for. Berkshire is my largest individual holding
I think Berkshire valuation is starting to get attractive. But, I'm no where near calling a bottom for Berkshire yet.
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So what number do you think is the bottom or close enough that you would consider it a buy ?
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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06-22-2022, 05:52 PM
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#28
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Recycles dryer sheets
Join Date: Jan 2022
Posts: 143
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Quote:
Originally Posted by Koolau
Apparently not on a diet of See's Candy and Diet Coke like The Oracle.
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I went to the annual meeting once, and I was very impressed with how the two of them could keep sipping diet coke through the Q&A without having to go to the bathroom.
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06-22-2022, 06:01 PM
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#29
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,443
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Quote:
Originally Posted by Phroig
I went to the annual meeting once, and I was very impressed with how the two of them could keep sipping diet coke through the Q&A without having to go to the bathroom.
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Depends?
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Today, 02:05 PM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 9,571
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Quote:
Originally Posted by ejman
Depends?
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Motorman's Friend. (J. C. Whitney - IIRC)
Couldn't find a YouTube of Burt Reynolds in Semi-tough.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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Today, 02:08 PM
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#31
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Moderator Emeritus
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 15,038
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Quote:
Originally Posted by Koolau
Motorman's Friend. (J. C. Whitney - IIRC)
Couldn't find a YouTube of Burt Reynolds in Semi-tough.
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Haha....probably!
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
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