Author Topic: University of Berkshire Hathaway - Daniel Pecaut  (Read 5161 times)

Voodooking

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #10 on: October 24, 2017, 08:19:39 AM »
I've watched the past two BRK Shareholders meetings on Yahoo live stream / YouTube, but they were not recorded before that as far as I'm aware.

Now that OID seems to have disappeared, does anyone know any other way I can get my hands on a transcripts of any of the shareholder meetings from 197X to 2015?

I would love to be able to learn from all of that wisdom.


John Hjorth

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #11 on: October 24, 2017, 04:09:30 PM »
Perhaps your best bet for this, Voodooking, is to order the book linked to by ValueMaven prior in this topic.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

Daniel Pecaut

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #12 on: November 07, 2017, 01:35:12 PM »
What an amazing book!! 30 years worth of notes!!

Thanks for the kind words, ValueMaven.


I am one of the authors of "University of Berkshire Hathaway"


As this thread has shown, this book has been somewhat controversial.

To some, like Merkel, there is no reason for such a book to exist--no matter how well executed.

But some very influential and informed thinkers in our field have found value in this book:

Jonathan Brandt, who has been onstage at the meeting asking questions to Buffett and Munger for the last 5 years, said:
  • "For 25 years, I have religiously read Daniel and Corey's annual commentaries about Berkshire Hathaway. I know of no keener observers on what has made Berkshire such a wonderful wealth-builder. You can't help but learn valuable lessons by reading this book.”
Jean-Marie Eveillard, a recipient of Morningstar's 'Fund Manager Lifetime Achievement Award’, said:
  • "This book is a true gem."
We have also sent copies to and received responses from two BRK board members:
  • "You have provided a wonderful service that I believe will have meaning long into the future."
  • "I have always enjoyed your notes about Berkshire. Your firm does a wonderful job of covering Berkshire in a very interesting way."


Since you are such an astute and free-thinking audience, I have uploaded the full book here (as a PDF attachment).

You can take a look at it and decide for yourself.



Best,
Daniel Pecaut

P.S. I was a longtime reader of Outstanding Investors Digest. I am still proud of being featured in that publication. If I can locate the issues discussed above, I will scan and upload them to this thread.

« Last Edit: November 09, 2017, 09:41:58 AM by Daniel Pecaut »

chesko182

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #13 on: November 07, 2017, 04:04:13 PM »
This is an incredible gift to the members of this community Daniel.
Thanks a lot, I'll be reading this the next few weeks.

:D

John Hjorth

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #14 on: November 08, 2017, 03:05:07 AM »
Thank you a lot, Daniel,

What an outstanding gesture from you!

Personally, I decided to settle with two versions of the book, for the price of one, - by ordering on Amazon today the hardcover, too. [ : - ) ]
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

Voodooking

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #15 on: November 08, 2017, 06:03:42 AM »
Thanks Daniel, that's a very kind gesture from you.

I have downloaded the book and plan to read it. I am particularly impressed by the comments from Jean-Marie Eveillard, someone who I admire a lot.

If you are able to provide any transcripts from the meetings, either from your own archives or OID, it would be greatly appreciated.

Liberty

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"Most haystacks don't even have a needle." |  I'm on Twitter  | Watch this, please

DW

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #17 on: November 09, 2017, 09:12:10 PM »
Hi Daniel

Thank you for sharing.

David

arbcon

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #18 on: November 09, 2017, 09:24:04 PM »
Hi Daniel..this is John Constable writing. Good to see you are well after all of these years!

VersaillesinNY

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Re: University of Berkshire Hathaway - Daniel Pecaut
« Reply #19 on: November 10, 2017, 01:23:17 AM »
Hi Daniel..this is John Constable writing. Good to see you are well after all of these years!

John Constable: Thanks for your past contributions to the board, I enjoyed your stories.
Board members: This story is from the October 30, 1989 issue of Fortune.

"Mr. Preservation of Capital

This teddy bear of an investor is living his boyhood dream. As a boy in Glencoe, Illinois, John Constable, 33, took Warren Buffett as his hero. ”It amazed me that by simply thinking and being careful you could make money in stocks,” he says. Constable followed his dream to Harvard, where he took night-school extension courses and worked all-day as a block trader for the university’s endowment fund to pay tuition. He went on to apprentice at some of the most successful value-oriented investment shops, including three years at Ruane Cunniff & Co., managers of the redoubtable Sequoia Fund.

Constable went out on his own in August 1988. He has $28 million under management. As befits a value player in a pricey market, Constable is cautious. He owns a few stocks involved in publicly announced deals where he can make, say, 10% in 90 days if the deal goes through. But he prefers to buy ”wonderful companies” like Nestlé for the longer haul. He owns 160,000 shares, bought at an average cost of $24. Why? ”It was one of the world’s superb food companies selling at 9.5 times earnings,” he says. Nestle traded recently at $25 a share.

In large part because Constable has kept 30% of the money entrusted to him in T-bills, his limited partners are only 16% richer than a year ago. That’s not quite up to his 20%-a-year target, but he’s prepared to wait patiently for the day when prices come down and he can accumulate an entire portfolio of Nestles. His clients aren’t restless. ”First and foremost, my investors want preservation of their capital,” he says. "http://fortune.com/2012/11/21/are-these-the-new-warren-buffetts/

http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/are-these-the-new-warren-buffetts/10/
« Last Edit: November 10, 2017, 02:37:47 AM by VersaillesinNY »