carl777’s Activity

Thu Mar 31

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 2:27 PM

Re: BRK takes WFC stake over 10%

"Provided that book is "booked" close to actual value, you're right that book *should* form a floor."

This has been a big issue for BAC and C, because of the large amount of
"Toxic Waste" accumulated in [more]

Mon Mar 21

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Boards Post

carl777 replied to the Berkshire Hathaway board. 8:02 PM

Re: Berkshire's Disintermediation - Lawrence Cunnin

Nice writeup. Followers of BRK will not find much or anything new here, but he does give a strong thumbs-up to BRK's modus operandi and culture. The thing that came out strongest to me at the end is a re-enforced belief in not only WEB, but in his [more]

Sat Mar 12

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Boards Post

carl777 replied to the Berkshire Hathaway board. 5:11 PM

Re: OT: closed end funds

TS-I believe closed-end funds can be a good vehicle. There is a very significant advantage of closed-end funds over mutual funds and ETFs for holding debt instruments, bonds or loans, particularly, non-investment grade. The advantage is, management [more]

Wed Mar 9

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Boards Post

carl777 replied to the Berkshire Hathaway board. 11:29 AM

Re: Adjustments to BRK GAAP EPS

"I suggested that Berkshire could be valued on an Earnings basis with an
appropriate P/E"

I applaud your efforts to come at a valuation estimate via a PE model. It can provide one more tool in the valuation arsenal. I have done [more]

Wed Mar 2

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Boards Post

carl777 posted to the Berkshire Hathaway board. 4:48 PM

2015 AR in Context

The more I look at and think about BRK's financial performance in 2015, the more a good story continues to look even better to me.

Starting with WEB's popular metric, Book/share grew 6.4%, while the S&P 500 total return was 1.4%, a 5% [more]

Mon Feb 29

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Boards Post

carl777 replied to the Berkshire Hathaway board. 5:42 PM

Re: AR's Investments/Share Question

Jim-I take it back. I now think your original reply is correct, as my calculation of KHC used Book not market. Mea culpa!

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 5:21 PM

Re: AR's Investments/Share Question

"But you're right, it's less obvious than usual now.
"This year, the secret seems to be to take out the Kraft Heinz position at book value
and replace it with market value, so it's treated as all the stock holdings are.
Those [more]

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Boards Post

carl777 posted to the Berkshire Hathaway board. 11:57 AM

AR's Investments/Share Question

Early in each AR over the past few years, WEB points out the total investments or investments per share number.

He does not do this in the quarterly reports, other than making a reference to the total Insurance investments in the Financial [more]

Sun Feb 21

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 11:47 AM

Re: Coat tailing

"These are pre-tax returns.
If you imagine Mr Buffett picking the best way to allocate the capital
currently in Coke shares at the beginning of each year, the comparison
he must make is between keeping the existing position and [more]

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Boards Stats & Trivia

Two stars, 250 posts Old School Fool
Board Posts 255
Recs Received 1136
People who have rec'd these posts 347
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Threads Started 44
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Most Frequent Board Berkshire Hathaway
Very First Post Re: sheesh (6/29/1999)
Percentage of Posts Rec'd 77.65 %
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