Author Topic: Buffett/Berkshire - general news  (Read 523874 times)

ajc

  • Guest
Re: Buffett/Berkshire - general news
« Reply #250 on: January 29, 2016, 01:47:34 PM »

Well, I guess that running a highly regulated business just means that lobbying is part of managing and running the business.

Mr. Buffett has several times in his shareholder letters written about a "social contract" with society in which the company operates.

BRK has so far commited about USD 25B to wind power and solar power.

Just take a look at the german energy companies E.ON and RWE to see what happens "when a social contract is not any longer needed". [It's about nuclear power in the first place [after the Japaneese TEPCO incident], and now also coal powered plants].

Clearly they're great lobbyists. And not just of politicians and regulators.




fareastwarriors

  • Hero Member
  • *****
  • Posts: 3550
Re: Buffett/Berkshire - general news
« Reply #251 on: January 29, 2016, 01:54:12 PM »
Buffett will apparently webcast the annual meeting for the first time this year. Great move.

http://blogs.wsj.com/moneybeat/2016/01/29/for-the-first-time-ever-warren-buffett-plans-to-webcast-berkshires-annual-meeting/

That's wonderful. Can't wait!

adesigar

  • Sr. Member
  • ****
  • Posts: 437
Re: Buffett/Berkshire - general news
« Reply #252 on: January 29, 2016, 03:01:47 PM »
Buffett will apparently webcast the annual meeting for the first time this year. Great move.

http://blogs.wsj.com/moneybeat/2016/01/29/for-the-first-time-ever-warren-buffett-plans-to-webcast-berkshires-annual-meeting/

That's wonderful. Can't wait!

Its about time. He should've done this years ago.

Liberty

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 11562
  • twitter.com/libertyRPF
    • twitter.com/libertyRPF
Re: Buffett/Berkshire - general news
« Reply #253 on: January 29, 2016, 04:06:35 PM »
Its about time. He should've done this years ago.

Agreed. What a wonderful archive of videos it would be if they had started in the early Youtube days..
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Parsad

  • Administrator
  • Hero Member
  • *****
  • Posts: 8773
Re: Buffett/Berkshire - general news
« Reply #254 on: January 29, 2016, 04:13:32 PM »
Its about time. He should've done this years ago.

Agreed. What a wonderful archive of videos it would be if they had started in the early Youtube days..

Probably no choice at this point...crowds are just too big.  There is no other venue big enough if the crowd gets significantly larger.  People are renting cars after flying into Lincoln, Nebraska or Iowa, because you can't get rental cars in Omaha.  Hotels in Omaha and Council Bluffs are fully booked...many a year ahead of time. 

Also, a lot of the old-time BRK shareholders are approaching their 70's, 80's and 90's, so many might prefer to just watch it online now instead of dealing with the crowds...and only going to get worse.  Cheers!
No man is a failure who has friends!

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1803
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #255 on: January 29, 2016, 05:22:09 PM »
Its about time. He should've done this years ago.

Agreed. What a wonderful archive of videos it would be if they had started in the early Youtube days..

Probably no choice at this point...crowds are just too big.  There is no other venue big enough if the crowd gets significantly larger.  People are renting cars after flying into Lincoln, Nebraska or Iowa, because you can't get rental cars in Omaha.  Hotels in Omaha and Council Bluffs are fully booked...many a year ahead of time. 

Also, a lot of the old-time BRK shareholders are approaching their 70's, 80's and 90's, so many might prefer to just watch it online now instead of dealing with the crowds...and only going to get worse.  Cheers!
I suppose this was inevitable. I'm committed to going this year, it's a ritual that I perhaps will continue at least as long as "the current management" sits up front. There's no other such event that has shaped my thinking as much in recent times. In a sense, it helps in uncluttering my mind from crap that builds between Mays. I go there in gratitude.

Won't miss the standing in line part. Hotels will become more reasonable too. Value!
« Last Edit: January 29, 2016, 08:19:53 PM by longinvestor »

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1803
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #256 on: January 30, 2016, 04:19:09 AM »
Facebook and BRK at the same market cap

Mephistopheles

  • Hero Member
  • *****
  • Posts: 1568
Re: Buffett/Berkshire - general news
« Reply #257 on: January 30, 2016, 07:07:05 AM »

Well, I guess that running a highly regulated business just means that lobbying is part of managing and running the business.

Mr. Buffett has several times in his shareholder letters written about a "social contract" with society in which the company operates.

BRK has so far commited about USD 25B to wind power and solar power.

Just take a look at the german energy companies E.ON and RWE to see what happens "when a social contract is not any longer needed". [It's about nuclear power in the first place [after the Japaneese TEPCO incident], and now also coal powered plants].

Clearly they're great lobbyists. And not just of politicians and regulators.

Lol

John Hjorth

  • Hero Member
  • *****
  • Posts: 2853
Re: Buffett/Berkshire - general news
« Reply #258 on: February 01, 2016, 09:42:34 AM »
The PCP aquisition expected to close on January 29th 2016 :


www.berkshirehathaway.com/news/JAN2516.pdf .

The deal announced completed on January 29th 2016:

http://www.berkshirehathaway.com/news/JAN2916.pdf .
« Last Edit: February 01, 2016, 09:45:16 AM by John Hjorth »
”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

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1803
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #259 on: February 11, 2016, 06:51:08 AM »
The letter should be in the final stages of editing, readied to go to press.

Coming in the heels of the 50th, would this be underwhelming?

As a shareholder I'd like to hear more about,

- Where's the insurance business going? Specifically float growth expectations
- More on the place of subsidiaries within BRK over the coming 2 decades - role of the Omaha Chairperson at the subs
- A progress report / table showing how much capital deployed across the 5 allocation priorities in per-share terms - hope they go back retroactive to 2009 and make this a standard going forward.

On the parable side, would like more commentary on the "ignore the macro" theme.

Looking forward to March 1

 


« Last Edit: February 11, 2016, 06:52:45 AM by longinvestor »