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

NL

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

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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]

Wed Feb 4

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 6:59 PM

Re: web on fox now

With $40B to deploy, BRK.B could 1) acquire 100% DVA, MAT, CBI, and TUP all at 25% premiums to today's prices.

Or 2) they could acquire 100% of DE at a 25% premium.

As someone with 60% of my assets in BRK.B since 2011, i'd be ok [more]

Mon Feb 2

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 8:35 PM

Re: Annual letter date?

Either way it will be extra exciting, because both WEB and Charlie Munger will be writing short reflections on the past 50 years at Berkshire, as well as the next 50. Neither will have had the opportunity to see the other's comments until shortly [more]

Sat Jan 24

NL

Boards Post

JohnCLeven replied to the Value Hounds board. 2:36 PM

Re: UPS vs FDX

I love duopolies.

However, among these two, UPS is the CLEARLY more wonderful business. UPS has higher market share, is the low cost producer, gets better returns on capital, and buys back shares at a much faster rate than [more]

Wed Jan 21

NL

Boards Post

JohnCLeven replied to the Berkshire Hathaway board. 5:16 PM

Re: IBM 170 or 140 today?

Revenue 2011-12
$106,916

Revenue 2012-12
$104,507

Revenue 2013-12
$99,751

Revenue TTM
$97,449


Revenue Per Share 2011-12
$88.07

Revenue Per Share [more]

CAPS Stats & Trivia

CAPS Player Rating 60.34
Player Rank 29830 out of 75215
Score -5.90
Score Change Today -10.23
Accuracy 59.14%
Active Picks 42
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Highest Rated Favorite Mega
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Boards Stats & Trivia

One star, 50 posts
Board Posts 177
Recs Received 911
People who have rec'd these posts 287
Recs to Posts Ratio (last 30 days) N/A
Threads Started 26
Threads Started Percentage 14.69 %
Most Frequent Board Berkshire Hathaway
Very First Post Re: BRK's early years (4/12/2013)
Percentage of Posts Rec'd 74.01 %
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