mkreisel

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  • Let Warren Buffett Handle Your Portfolio
    With so many other insurance firms in trouble, don't you guys think insurance premiums are going to firm up a little bit, especially those super-cat reinsurance stuffs?
    Dec 31 23:44 pm |Rating: 0 0 |Link to Comment |View article
  • Cash Is Not Yet King When it Comes to Market Performance
    I think linking one month stock performance with any fundamental metrics is quite bogus. The number you quoted for BRK.A is also wrong: the 106 billion number must include all equity investments that went down the drain during Q4.

    If the author can't get this kind of basic facts right, I have to question the entire premise of this article.
    Dec 31 18:43 pm |Rating: +2 -1 |Link to Comment |View article
  • Berkshire Valuation Questionable as Business Fails Guidance Tests
    Rakesh, if Berkshire has to recognize the full $48B of the notional value, it means you would have already been vaporized in the nuclear fire of World War III.

    Do you understand what it means for the world if stock indexes all go to zero?
    Nov 09 22:27 pm |Rating: 0 0 |Link to Comment |View article
  • Finally, Three Reasons to Buy
    Retail suckers are now using the (in)famous "it's different this time" slogan to bash Buffett again!

    What better buy signal can you get?
    Nov 02 17:57 pm |Rating: 0 0 |Link to Comment |View article
  • A Bailout for Berkshire?
    If all indexes go to zero, which probably will happen in a Global Thermonuclear War, Buffett stands to lose $40B on his index puts.
    Oct 26 16:15 pm |Rating: 0 0 |Link to Comment |View article
  • 5 Reasons to Ignore Buffett
    The same crowd also bashed him mercilessly in late 1999. That was a funny episode.
    Oct 26 16:05 pm |Rating: 0 0 |Link to Comment |View article
  • 5 Reasons to Ignore Buffett
    All these Buffett bashing by small retail types makes me think that the bottom is really close.
    Oct 26 16:04 pm |Rating: 0 0 |Link to Comment |View article
  • Buffett Warned Us in 2003
    Lots of funny comments here.

    It seems nobody understands what great deals those Buffett index puts are! Well, written puts backed up by cash is nothing but well-paid limit buy orders! They are only dangerous if one's buying can't cover the entire liabilities.
    Sep 18 23:43 pm |Rating: 0 0 |Link to Comment |View article
  • Money Managers and the Berkshire Hurdle
    BRK.A is not very attractive at moment:

    1. We are in a bear market, and bear will get everyone in the end. BRK.A lost 50% in 1974, 35% in 1990, and 40% during the value stock bear market between 1998-2000. This stock is not immune from general market declines.

    2. Insurance is in a cyclical decline. After several hurricane-free years, people get gaga again in the supercat business; on the auto side, there seems to be a major price war going on. I'm receiving "lowest price" solicitations from AIG, Allstate, Farmers, State Farm and etc almost on a daily basis. In a climate of rising inflation and higher claims down the road, declining insurance premiums is the last thing a P/C company needs.

    3. Valuation for BRK.A is not that great either. It looks cheap compared to the bubblicious late 90s, but is at least 30% more expensive than the 1990 low. Even as late as 1988, BRK.A traded at 1.0 times book when it was a lot smaller, growth prospect a lot better, and Buffett a lot younger.
    Aug 23 19:36 pm |Rating: 0 0 |Link to Comment |View article
  • Sequoia Fund Reopens After 26 Years: A Look Inside
    Once you include American Funds' sales loads, they no longer outperform. :)
    Aug 22 17:14 pm |Rating: 0 0 |Link to Comment |View article
  • Sequoia Fund Reopens After 26 Years: A Look Inside
    How did SEQUX perform during the 73/74 bear market?
    Aug 18 15:03 pm |Rating: 0 0 |Link to Comment |View article
  • Warren Buffett Accumulates NRG Energy, Ingersoll-Rand and Union Pacific
    The author got the facts so wrong in this article that it should be deleted as not to mislead more people.
    Aug 16 17:55 pm |Rating: 0 0 |Link to Comment |View article
  • Buying a Buffett Portfolio
    Where are BNI, PKX, SNY, and Tesco PLC missing from your list? They are all major Buffett positions.
    Aug 03 21:01 pm |Rating: 0 0 |Link to Comment |View article
  • The New Bankers
    BRK has done these "Convertible Preferred" deals ever since GEICO's 1978 secondary offering.

    It later got more sweet convertible deals from Capital Cities, American Express, and Gillette.
    Jul 11 03:48 am |Rating: 0 0 |Link to Comment |View article
  • The Case for Berkshire, c/o GEICO
    Selling low cost insurance to the wrong people will always end in disaster, as GEICO had already experienced in mid 70s.

    Ever since BRK took control of the whole GEICO, its underwriting profits have just been marvelous.
    Jun 13 18:11 pm |Rating: 0 0 |Link to Comment |View article

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