Author Topic: Buffett/Berkshire - general news  (Read 466939 times)

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #930 on: October 24, 2018, 02:47:47 PM »
It could be one or several separate battery wagons electrical and pullingwise connected to the pulling [electrical] locomotive. Somewhat like in the first days of the NA railroad, where the first wagon after the steam driven locomotive was a wagon containing and carrying the "fuel" [coal]. Instead of doing a recharging stop somewhere, you "swap batteries" at a charging station, thereby time saved.

I remember somebody here on CoBF years ago called Berkshire "old economy", but innovation sure isen't dead at Berkshire.
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gfp

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Re: Buffett/Berkshire - general news
« Reply #931 on: October 24, 2018, 03:05:34 PM »
Itís too bad they canít safely electrify something in the rail. Carrying many tons of batteries around is less than ideal and probably not close to cost effective. More likely that for now these battery locomotives are used to reposition cars locally to cut down on emissions in a local area. Ultimately...  the trains are already electric so maybe some type of fuel cell or clever safe electrified rail will work out. I donít see them adding wires above like iíve seen in Asia.

Jurgis

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Re: Buffett/Berkshire - general news
« Reply #932 on: October 24, 2018, 04:40:08 PM »
Itís too bad they canít safely electrify something in the rail. Carrying many tons of batteries around is less than ideal and probably not close to cost effective. More likely that for now these battery locomotives are used to reposition cars locally to cut down on emissions in a local area. Ultimately...  the trains are already electric so maybe some type of fuel cell or clever safe electrified rail will work out. I donít see them adding wires above like iíve seen in Asia.

Slap solar panels on tops of all these railcars and use the electricity to power the locomotive.

I know this is a bit SciFi, but maybe Musk can do it.  8)
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gfp

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Re: Buffett/Berkshire - general news
« Reply #933 on: October 27, 2018, 07:04:24 AM »
This article is an update on the ballot item in Nevada to open up NV Energy's regulated monopoly to more choice.  Obviously NV Energy would still own the distribution infrastructure.  BHE has been spending a lot of money on lobbying / advertising.  Some large individual casinos had already won the right to pay a termination fee and buy their power from an independent producer. 

https://www.politico.com/story/2018/10/27/adelson-buffett-nevada-890190

gfp

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Re: Buffett/Berkshire - general news
« Reply #934 on: October 29, 2018, 05:01:11 AM »
WSJ running an article this morning on Todd's recent investments in early stage Financial Technology firms globally

https://www.wsj.com/articles/warren-buffetts-firm-invests-millions-in-fintech-1540807200?mod=hp_lead_pos5

For reference, StoneCo Ltd trades on the nasdaq under the ticker STNE
« Last Edit: October 29, 2018, 06:54:35 AM by globalfinancepartners »

Cigarbutt

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Re: Buffett/Berkshire - general news
« Reply #935 on: October 29, 2018, 07:47:10 AM »
This article is an update on the ballot item in Nevada to open up NV Energy's regulated monopoly to more choice.  Obviously NV Energy would still own the distribution infrastructure.  BHE has been spending a lot of money on lobbying / advertising.  Some large individual casinos had already won the right to pay a termination fee and buy their power from an independent producer. 

https://www.politico.com/story/2018/10/27/adelson-buffett-nevada-890190
Thanks for the link.
The question is limited to one state but may represent a larger current.

I live in a place where electricity is essentially a vertically-integrated regulated monopoly (wholesale and retail) with hydro responsible for more than 90% of electricity needs and with policies in place favoring low and uniform prices and in a relatively steady place versus the socio-political sphere. But I really like what has been going on in the US considering the experiments with various deregulation plans. It's noisy and sometimes disruptive and inelegant but it seems like it's the best way to go IMO.

What is happening in Nevada (it seems like the ballot item will pass?) may be part of more to come at the national level and underlines the risks of transition costs and partial recovery of the value of stranded assets and I guess BH can manage transitions but investments in regulated utilities does rely on trust versus potential regulatory harm.

The context in Nevada is fascinating with the recent residential solar issues and the ballot question does not go along traditional political divisions.

I've looked into the issue, from a Nevada perspective, and come to the conclusion that it is very hard to decide what is best on a net basis for "society". In terms of consumer costs, I wonder if the Nevada experience would look more like California or more like Texas. I would tend to vote against the trend and for BH (bias here) because of the traditional reasons that it has used to justify the venture into regulated utilities (efficient operations, low cost of capital, reasonable rates of return, long-term outlook with stable and low retail prices and flexibility for alternative sources of energy and environmental concerns).

Found the following to be useful:
https://guinncenter.org/wp-content/uploads/2018/07/Guinn-Center-Q3-2018.pdf
https://guinncenter.org/wp-content/uploads/2018/07/Guinn-Center-Q3-Voter-Guide-2018.pdf

But this is not simply a story about two billionaires.

gfp

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Re: Buffett/Berkshire - general news
« Reply #936 on: November 02, 2018, 04:15:03 AM »
"one that got away" - Bloomberg article on Berkshire's interest in acquiring WPP Group in 2012

https://www.bloombergquint.com/business/buffett-sorrell-chatted-about-potential-wpp-deal-six-years-ago

dcollon

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Re: Buffett/Berkshire - general news
« Reply #937 on: November 02, 2018, 01:43:35 PM »

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #938 on: November 02, 2018, 01:51:34 PM »
dcollon,

Thank you for sharing. Please also repost this interview in this topic - It certainly seems worth it, despite I haven't been listening to the whole thing yet.
ĒIn the race of excellence Ö there is no finish line.Ē
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

captkerosene

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Re: Buffett/Berkshire - general news
« Reply #939 on: November 02, 2018, 03:08:43 PM »
It could be one or several separate battery wagons electrical and pullingwise connected to the pulling [electrical] locomotive. Somewhat like in the first days of the NA railroad, where the first wagon after the steam driven locomotive was a wagon containing and carrying the "fuel" [coal]. Instead of doing a recharging stop somewhere, you "swap batteries" at a charging station, thereby time saved.

I remember somebody here on CoBF years ago called Berkshire "old economy", but innovation sure isen't dead at Berkshire.

I would say that innovation is very dead at BRK. WEB targets industries that don't change. GE makes locomotive engines ... not BNSF.