Buffett/Berkshire - general news

[gfp]

Yeah, Berkshire's involvement was in the IPO prospectus (which doesn't help you get a lower price - wonder why they did that?)

The Walton family VC vehicle Madrone owned a lot and added 2.75m shares in the IPO and management at Madrone told Todd Combs about it and Todd decided to invest.  There are some 3G principals invested in it as well - I believe from an earlier round.

[Jurgis]

Todd and Ted would (might?) be great if BRK was 10-100 times smaller. At this size it's going to be tough ... for anyone, even Buffett himself.

[John Hjorth]

Todd and Ted would (might?) be great if BRK was 10-100 times smaller. At this size it's going to be tough ... for anyone, even Buffett himself.

Jurgis, they just have to deliver, according the their signed contract with Berkshire. No soft feelings here from me. They are hired to deliver.

[rb]

Nah, they'll be ok. This is how it goes. One Monday Todd walks into the office and goes.... Hey Ted, let's go talk to the old man about buying GE. Done.

See... it's not that hard.

[John Hjorth]

Nah, they'll be ok. This is how it goes. One Monday Todd walks into the office and goes.... Hey Ted, let's go talk to the old man about buying GE. Done.

See... it's not that hard.

OK, rb. My reply to Jurgis was actually about that I [in general] worry more about myself than Ted & Todd. [ : - ) ]

[Jurgis]

Nah, they'll be ok. This is how it goes. One Monday Todd walks into the office and goes.... Hey Ted, let's go talk to the old man about buying GE. Done.

See... it's not that hard.

LOL. 

[redskin]

Berkshire's cost basis in 'Banks, Insurance, Financials' increased by $15 billion in Q3.  $5-6 billion can be attributed to the increased stake in BAC.  Will be interesting to see the additions he made.

[bennycx]

Probably USB, BK, GS

[John Hjorth]

Yes, and it seems that the prayers by globalfinancepartners and I have been heard : JPM shares for USD ~4 B. [ : - ) ]

[gfp]

Look at that..  You CAN buy JPM if Todd's on the board, since it wasn't Todd buying the shares.  He's getting his banks after all.  Better late than never!