Buffett/Berkshire - general news

[John Hjorth]

... That will get me out of my ennui.

:-) In a few days there will be the 13F-HR to study and talk about on here. Digesting a few Howard Mark's memos and thinking about their contents also helps to get out of some kind of feeling of missery, or boredom while waiting - diversion of the mind, based on placebo... It works for me. I also use the Semper Augustus client letter that way - less placebo, more BRK.

Beeing invested in BRK long term actually screews up your hierarchy of needs.

[DooDiligence]

Beeing invested in BRK long term actually screews up your hierarchy of needs.

Be of good cheer my long distance friend!

Berkshire provides customers with all of their physiological needs:

Air - NetJets 😜
Water - Boats US 😜
Food - Kraft Heinz, Dairy Queen, CTB & of course See's
Shelter - Clayton, Johns Manville & MiTek, etc.
Safety - via a myriad of insurance products

(Not to mention covering you arse with Fruit of the Loom)

Berkshire provides a path for self actualization & self esteem for employees & "Here's to Love" with Helzberg Diamonds!

Now if it'd just trade down to 1.2 or below (I probably shouldn't wait but I'm a tightwad...)

[fareastwarriors]

Warren Buffett Says Money Managers Charge Too Much

 The investing great picks a bone with stockpickers.

https://www.bloomberg.com/news/articles/2017-02-16/warren-buffett-says-money-managers-charge-too-much

[racemize]

I don't really understand this article--Buffett hasn't said anything recently, and this is just some dude talking about what Buffett said a few years ago.  Misleading title honestly.

[Munger_Disciple]

Buffett mentioned that he would be writing "a lot" about fees charged by active managers in the upcoming annual letter.

[fareastwarriors]

Buffett mentioned that he would be writing "a lot" about fees charged by active managers in the upcoming annual letter.

Too many Buffett disciples charge way too much. Even the oft-touted Ruane, Cunniff & Goldfarb (Sequoia Fund) ... 1%+ for essentially a large cap fund. Why not 0.50%....?

[rb]

Buffett mentioned that he would be writing "a lot" about fees charged by active managers in the upcoming annual letter.

Too many Buffett disciples charge way too much. Even the oft-touted Ruane, Cunniff & Goldfarb (Sequoia Fund) ... 1%+ for essentially a large cap fund. Why not 0.50%....?

Yes! On second thought, why not do it for free? Maybe they can sell ads on the investor letters and sponsor the annual meeting.

[Mephistopheles]

Buffett mentioned that he would be writing "a lot" about fees charged by active managers in the upcoming annual letter.

Too many Buffett disciples charge way too much. Even the oft-touted Ruane, Cunniff & Goldfarb (Sequoia Fund) ... 1%+ for essentially a large cap fund. Why not 0.50%....?

Yes! On second thought, why not do it for free? Maybe they can sell ads on the investor letters and sponsor the annual meeting.

Lol +1

Meanwhile Buffett's fees were huge as a % of assets (well deserved).

[John Hjorth]

Bloomberg: Kraft Heinz Makes Approach to Unilever on Possible Merger.

[gfp]

Well that's one way to win in mayonnaise...  Definitely a role for Berkshire to play in a deal this size - and if the structure results in Berkshire going below the threshold for Equity Method accounting of KHC it would bump Berkshire's reported book value and buyback threshold's by a bit.  Will be interesting to watch

Bloomberg: Kraft Heinz Makes Approach to Unilever on Possible Merger.