JohnCLeven’s Activity

Fri Apr 17

NL

Boards Post

JohnCLeven posted to the Berkshire Hathaway board. 2:47 PM

Li Lu lecture at Columbia (2006)

Li Lu lecture at Columbia (2006)

http://www.youtube.com/watch?v=lot9BnFgO3k&t=0m1s

I thought some of the folks on this board might be interested in this 2006 [more]

Tue Mar 31

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 11:58 PM

Re: Munger notes

@knighttof3

I struggle to find any other successful, long-term investors that have been more open about their strategies than Buffett and Munger have. If you piece together what they've said and written over the past 5 decades at Berkshire, [more]

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JohnCLeven replied to the Berkshire Hathaway board. 11:02 PM

Re: OT: follow up to Rate of Return

I think you're looking at something closer to 7% annualized for BRK.B over the next 15 years, which would be almost a 3 bagger.

Just my semi-educated guess based on estimated future book value growth rates, and BV multiples.

Sat Mar 7

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 1:32 PM

Re: VanTuyl Group

Stumbled upon this chart today, which seems to indicate that Van Tuyl, compared with the other "big boys" in this business, has the highest revenue per dealership ratio.

[more]

Sat Feb 28

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Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 9:41 AM

Re: Annual Report...Annual Ritual

Here are the points I found most interesting:

1) Ted and Todd will serve as Chairman for at least one small subsidiary each.

"I would include two separate skills, the evaluation of investments and the management of businesses. [more]

Fri Feb 20

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Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 11:41 AM

Re: IBM, What's To Like

In general, margins are a good proxy for the competitiveness of an industry/firm. Low margin industries have low barriers to entry, lots of competition, and factors that do not allow companies to raise prices. High margin industries have high [more]

Thu Feb 19

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Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 9:54 AM

Re: 1 foot poles?

Possible 1 foot hurdles:

VZ at roughly a 10% free cash flow yield.
NOV at about 1.05X BV.

Wed Feb 18

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 8:28 PM

Re: IBM, What's To Like

Yet, here's the cash flow from operations per share for the past 5+ years:

2009 $20,773B / 1,341 million shares = $15.49 per share
2010 19,549 / 1,287 million shares = $15.19 per share
2011 19,846 / 1,214 million shares = $16.35 per [more]

Tue Feb 17

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 6:42 PM

Re: 13-F is out

If you crack open the filing, you'll notice a list of reporting entities here: [more]

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Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 6:29 PM

Re: 13-F is out

Position size and reporting entity in the filing suggest DE addition was a Buffett purchase. It also appears to have been the confidential filing.

Mon Feb 16

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 1:39 PM

Re: 13F - ?

They're due tomorrow, because of the holiday.

Fri Feb 13

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 12:04 PM

Re: update by/on <i>GHU</i>

"But as of today, the runrate earnings yield post-net-cash is between 8-9%. Even if they simply maintain their current earnings at this year's level indefinitely, that'll beat the market."

I'd argue that there's nothing simple [more]

Wed Feb 11

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 11:14 AM

Re: update by/on <i>GHU</i>

If BRK.B, led by the best capital allocator of all time, is going to struggle to get decent returns on such a large pile of cash (around $60B currently) due to the "anchor effect", what the heck makes you think AAPL, w/ presumably far [more]

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