Author Topic: Buffett/Berkshire - general news  (Read 467920 times)

ERICOPOLY

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 7081
Re: Buffett/Berkshire - general news
« Reply #120 on: May 12, 2015, 04:48:10 PM »
Jurgis - with you it's definitely personal. There is a lot to dislike about your lack of civility.

In this case, I think you’re actually adding his old arguments to this one and it makes you take his tone worse off than it is.

I will add; Jurgis is totally right.

What you are failing to account for is that the machines are not limited to the kinds of data that as humans we have to deal with.  They can see all around the car, react effectively instantaneously, etc.  They will also be able to predict these situations (lack of visibility of potential incoming objects) and reduce their speed preemptively to compensate.  There’s no contest.

All that said, it’s still going to be a pain to get the regs through, but it will happen.

How about driverless cars that have been hacked?  They become drones that seek out pedestrians and run them over deliberately.

Driverless car technology currently reads the painted lines on the road -- how does this work when a malicious person has deliberately repainted the road to guide the cars straight off a cliff?


Jurgis

  • Hero Member
  • *****
  • Posts: 4564
    • Porfolio
Re: Buffett/Berkshire - general news
« Reply #121 on: May 12, 2015, 08:45:49 PM »

How about driverless cars that have been hacked?  They become drones that seek out pedestrians and run them over deliberately.

Driverless car technology currently reads the painted lines on the road -- how does this work when a malicious person has deliberately repainted the road to guide the cars straight off a cliff?

How about human driven cars that have been hacked? Or where malicious people cut brakes? Or put mirrors across the road at night near a cliff? We should definitely ban human driven cars!
« Last Edit: May 12, 2015, 08:49:09 PM by Jurgis »
"Before you can be rich, you must be poor." - Nef Anyo
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

Crip1

  • Lifetime Member
  • Sr. Member
  • *****
  • Posts: 408
Re: Buffett/Berkshire - general news
« Reply #122 on: May 12, 2015, 08:49:20 PM »
Jurgis - with you it's definitely personal. There is a lot to dislike about your lack of civility.

In this case, I think you’re actually adding his old arguments to this one and it makes you take his tone worse off than it is.

I will add; Jurgis is totally right.

What you are failing to account for is that the machines are not limited to the kinds of data that as humans we have to deal with.  They can see all around the car, react effectively instantaneously, etc.  They will also be able to predict these situations (lack of visibility of potential incoming objects) and reduce their speed preemptively to compensate.  There’s no contest.

All that said, it’s still going to be a pain to get the regs through, but it will happen.

How about driverless cars that have been hacked?  They become drones that seek out pedestrians and run them over deliberately.

Driverless car technology currently reads the painted lines on the road -- how does this work when a malicious person has deliberately repainted the road to guide the cars straight off a cliff?


This could be a problem as well: http://i.imgur.com/2RZrwFZ.gif


-Crip

petec

  • Hero Member
  • *****
  • Posts: 1827
Re: Buffett/Berkshire - general news
« Reply #123 on: May 13, 2015, 12:58:47 AM »

How about driverless cars that have been hacked?  They become drones that seek out pedestrians and run them over deliberately.

Driverless car technology currently reads the painted lines on the road -- how does this work when a malicious person has deliberately repainted the road to guide the cars straight off a cliff?

How about human driven cars that have been hacked? Or where malicious people cut brakes? Or put mirrors across the road at night near a cliff? We should definitely ban human driven cars!

Let's face it, driving is a relatively mindless activity and humans aren't good at those.   They get bored, panic, rush, text people, fail to notice they're driving too fast, don't see an oncoming motorbike, misread junctions, or simply drive round a roundabout the wrong way like a friend of my mother's did a few years back.   Computers with 360 degree all weather vision and nanosecond processing ability will be FAR better at it than we are.   

Jurgis

  • Hero Member
  • *****
  • Posts: 4564
    • Porfolio
Re: Buffett/Berkshire - general news
« Reply #124 on: May 13, 2015, 06:07:33 AM »
Let's face it, driving is a relatively mindless activity and humans aren't good at those.   They get bored, panic, rush, text people, fail to notice they're driving too fast, don't see an oncoming motorbike, misread junctions, or simply drive round a roundabout the wrong way like a friend of my mother's did a few years back.   Computers with 360 degree all weather vision and nanosecond processing ability will be FAR better at it than we are.

Completely agreed. :)
"Before you can be rich, you must be poor." - Nef Anyo
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

redskin

  • Full Member
  • ***
  • Posts: 198
Re: Buffett/Berkshire - general news
« Reply #125 on: May 13, 2015, 07:42:33 AM »
BNSF 10-Q is out as well - always interesting to see.  Another Billion dollar dividended out to Omaha this quarter -

http://www.sec.gov/Archives/edgar/data/934612/000093461215000016/llc-3312015x10q.htm

Berkshire has taken $17 billion in dividends since acquiring BNSF.  What is BNSF worth?  $80 billion?  Currently on the books at $35 billion.  If it was valued at market, book value per share would increase by $27,000 per share.

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1779
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #126 on: May 13, 2015, 08:57:14 AM »
BNSF 10-Q is out as well - always interesting to see.  Another Billion dollar dividended out to Omaha this quarter -

http://www.sec.gov/Archives/edgar/data/934612/000093461215000016/llc-3312015x10q.htm

Berkshire has taken $17 billion in dividends since acquiring BNSF.  What is BNSF worth?  $80 billion?  Currently on the books at $35 billion.  If it was valued at market, book value per share would increase by $27,000 per share.

In 10 to 20 years, Berkshire will not be able to intelligently invest it's cash, raising the possibility of buyback/dividend/both. Along with a giant cash balance, the market value of the wholly owned businesses will be ridiculously different from book value. As they've done before, they would likely be looking for "single transactions" to buyback huge share blocks. With little transactional cost, and literally with a pen stroke.


longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1779
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #127 on: May 14, 2015, 11:04:05 AM »
http://www.cnbc.com/id/102679488?__source=yahoo%7cfinance%7cheadline%7cheadline%7cstory&par=yahoo&doc=102679488

Peltz/Trian defeated. Very pleased that a 200+ year company was spared. Surely this doesn't look like stopping anytime soon. This is about actively managed funds trying their active management tantrums. "Do something, our investors are fleeing to passively managed funds"?

The topic of shareholder activism was brought up by Munger as a potential catalyst for businesses seeking a permanent home.

Should be interesting to watch as the active folks get their a$$e$ handed to them by the market and long term shareholders and boards

Liberty

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 11386
  • twitter.com/libertyRPF
    • twitter.com/libertyRPF
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

dcollon

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1294
Re: Buffett/Berkshire - general news
« Reply #129 on: May 15, 2015, 12:48:45 PM »
"While some Buffett  wannabees on Forbes’s list operate like Berkshire, using insurance float to fund investment in disparate business lines and publicly-traded securities, others are more specialized than the ‘Oracle of Omaha’ and focused on niche markets where they have a narrow expertise. A handful of Wall Streeters who once might have been deemed ‘corporate raiders’ or buyout kingpins, meanwhile, are beginning to display their Buffett stripes."

http://www.forbes.com/sites/antoinegara/2015/05/15/10-wannabe-berkshire-hathaways-warren-buffett/