Author Topic: Buffett/Berkshire - general news  (Read 364449 times)

gfp

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Re: Buffett/Berkshire - general news
« Reply #1090 on: March 15, 2019, 06:37:51 AM »
Not really newsworthy, but it seems like there is a very odd volume spike on the B shares for today's open.  Are others seeing a volume spike on the open this morning?

edit: I suppose it is related to index rebalancing today.  If so, would expect another market-on-close volume spike.
« Last Edit: March 15, 2019, 06:51:20 AM by gfp »


Dynamic

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Re: Buffett/Berkshire - general news
« Reply #1091 on: March 15, 2019, 06:54:07 AM »
Seems to be about 1.7 million shares near the open, according to both Yahoo and IBKR

DooDiligence

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Cigarbutt

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Re: Buffett/Berkshire - general news
« Reply #1093 on: March 15, 2019, 11:11:34 AM »
Reducing the cost of float:

https://www.reinsurancene.ws/berkshire-hathaway-guard-partners-with-ai-platform-planck/

https://www.planckdata.com/solutions
And I guess we're not even at the end of the beginning.

If you have an interest in the Lloyd's insurance platform and if you have a few minutes to spare:
https://www.youtube.com/watch?v=7gt8WCS3hN8
https://www.youtube.com/watch?v=BIl0r0ZkVCk

Lloyd's has made progress but has been incredibly slow in integrating new technology. Before dismissing the value of the first video, helpful to remember that the 2019 video already looks and sounds out-dated when AI enters the picture.

Resistance to change at Lloyd's may be related to resilience as they sort of defined the risk shedder-taker relationship a while back and would risk affirming that they will continue to be around for the foreseeable future.

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #1094 on: March 15, 2019, 11:52:40 AM »
Reducing the cost of float:

https://www.reinsurancene.ws/berkshire-hathaway-guard-partners-with-ai-platform-planck/

https://www.planckdata.com/solutions
And I guess we're not even at the end of the beginning.

If you have an interest in the Lloyd's insurance platform and if you have a few minutes to spare:
https://www.youtube.com/watch?v=7gt8WCS3hN8
https://www.youtube.com/watch?v=BIl0r0ZkVCk

Lloyd's has made progress but has been incredibly slow in integrating new technology. Before dismissing the value of the first video, helpful to remember that the 2019 video already looks and sounds out-dated when AI enters the picture.

Resistance to change at Lloyd's may be related to resilience as they sort of defined the risk shedder-taker relationship a while back and would risk affirming that they will continue to be around for the foreseeable future.

One thought that came to mind on the 1st vidi was unrelated to insurance.
Coffee shops seem to be pretty durable.

-

Pricing risk must have been extremely difficult back in the day.
Did they have usable data or were they just winging it?

Seems like a very complicated business with significant barriers to entry.
Healthcare 38.8% - BBH CVS DVA EW NVO // BRK.B - 20.5% // Media & Communication 12.4% - CHTR DIS

Drinkers & Smokers 12.3% - ABEV MO // Auto's & Oil 13.9% - CLB GPC VDE // Tech & Comms 2.0% - AAPL

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i trumpet my ignorance

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Cigarbutt

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Re: Buffett/Berkshire - general news
« Reply #1095 on: March 15, 2019, 01:09:51 PM »
Reducing the cost of float:
https://www.reinsurancene.ws/berkshire-hathaway-guard-partners-with-ai-platform-planck/
https://www.planckdata.com/solutions
...
If you have an interest in the Lloyd's insurance platform
...
One thought that came to mind on the 1st vidi was unrelated to insurance.
Coffee shops seem to be pretty durable.
-
Pricing risk must have been extremely difficult back in the day.
Did they have usable data or were they just winging it?
Seems like a very complicated business with significant barriers to entry.
The early underwriting practices look quite primitive according to our modern standards but Edward Lloyd's coffee house was a major advance because the meeting place (market) output became of higher quality as decisions were based on a diverse range of well-informed participants and a data set based on a network of global correspondents reporting to Mr. Lloyd. I understand too that, at some point, groups of retired captains (isn't this related to what you did in your previous life?) eventually began associating at Lloyd's in order to share their expertise with brokers and underwriters specializing in marine insurance.

What the Planck company is providing is both automatization of basic cognitive skills and trying to introduce data insights. Dealing with underwriters (personal or professional) more and more seems to involve answering a few questions that tend to capture the essence of risk for a particular situation.

An interesting example for this process (insight from data) is when (I can't find the exact reference and the details may not be exact) an air force (UK?) was recruiting pilots during one of the major wars of the early part of the 20th century. For obvious reasons, many pilots did not come back from their missions and there were restraints on time to select and screen candidates. A screener had found that an answer to two simple questions increased significantly the chance that a pilot would come back alive with the plane after a "successful" mission. The first question: Did you ever ride a motorcycle? The second question: Do you still own one? The best results were obtained when the answers were yes for #1 and no for #2. I can't explain this but maybe AI can.

The potential low-hanging fruit may lie in the expense ratio and the data insight impact on the loss ratio may be more challenging.
« Last Edit: March 15, 2019, 01:24:23 PM by Cigarbutt »

longtermdave

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Re: Buffett/Berkshire - general news
« Reply #1096 on: March 15, 2019, 01:42:10 PM »

An interesting example for this process (insight from data) is when (I can't find the exact reference and the details may not be exact) an air force (UK?) was recruiting pilots during one of the major wars of the early part of the 20th century. For obvious reasons, many pilots did not come back from their missions and there were restraints on time to select and screen candidates. A screener had found that an answer to two simple questions increased significantly the chance that a pilot would come back alive with the plane after a "successful" mission. The first question: Did you ever ride a motorcycle? The second question: Do you still own one? The best results were obtained when the answers were yes for #1 and no for #2. I can't explain this but maybe AI can.


I can answer those questions "yes" and "no", as can my brother and father (a dirt-track racer before I was born), and here's my explanation:

#1) I know what it is to face danger, my limits, and those of the machine. I can control my emotions and behavior in those situations.
#2) I'm mature enough to not intentionally put myself in those situations anymore or take undue risks.


wachtwoord

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Re: Buffett/Berkshire - general news
« Reply #1097 on: March 15, 2019, 03:17:55 PM »

An interesting example for this process (insight from data) is when (I can't find the exact reference and the details may not be exact) an air force (UK?) was recruiting pilots during one of the major wars of the early part of the 20th century. For obvious reasons, many pilots did not come back from their missions and there were restraints on time to select and screen candidates. A screener had found that an answer to two simple questions increased significantly the chance that a pilot would come back alive with the plane after a "successful" mission. The first question: Did you ever ride a motorcycle? The second question: Do you still own one? The best results were obtained when the answers were yes for #1 and no for #2. I can't explain this but maybe AI can.


I can answer those questions "yes" and "no", as can my brother and father (a dirt-track racer before I was born), and here's my explanation:

#1) I know what it is to face danger, my limits, and those of the machine. I can control my emotions and behavior in those situations.
#2) I'm mature enough to not intentionally put myself in those situations anymore or take undue risks.

Sounds very plausible. Interesting!
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gfp

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Re: Buffett/Berkshire - general news
« Reply #1098 on: March 16, 2019, 04:43:46 AM »
Proxy is out.  Jain & Abel make $16 million each, plus $2m bonus. 
https://www.sec.gov/Archives/edgar/data/1067983/000119312519076915/d684203ddef14a.htm

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #1099 on: March 16, 2019, 09:24:25 AM »
Digging into footnote 2 on WEB's comp.

https://www.cnbc.com/id/47605253

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