carl777’s Activity

Wed Mar 25

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 11:46 AM

Re: Done Deal: Kraft Foods Merges With Heinz

"Berkshire will own about $9.5bn worth of [listed] stock in the new entity,
and three of the 11 board members, same as 3G.

I guess it will be once again marked to market on Berkshire's books,
probably after some kind of weird [more]

Wed Mar 4

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 11:21 AM

Re: Price vs Book-Value Changes

" I think one could write a Ph.D. dissertation on valuing Berkshire and not end up with a more reliable method than that.

It's the whole roughly-right rather than precisely-wrong idea."

There are a variety of ways to value [more]

Mon Mar 2

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 8:14 PM

Re: Book +8.3%

"Carl,
Just curious what you used to calculate the IV update?
( Book + Float, Two Column, Growth in Float, etc)"

I used a variant of the 2-column metric, the variations being my own adjustments, all, IMHO, being [more]

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 3:11 PM

Re: Book +8.3%

"thank you for taking the time to explain OTI.

Part of the drop in OTI from 2013 and 2012 is that the equity market did not do as well and so unrealized gains of the equity portfolio were only +$3.8B in 2014, compared to +$16.4B and [more]

Sun Mar 1

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 12:12 PM

Re: Book +8.3%

"But book only increased by 8.3%. How the hell does that work? "

The growth in Book was dragged down by the negatives in Other Comprehensive Income (OTI). OTI was -$1.3B. In 2013 it was +$16.6B and in 2012 it was +$9.9B, all post [more]

Wed Feb 18

NL

Boards Post

carl777 posted to the Markel Corporation board. 4:22 PM

MKL's Equity Portfolio

The latest update on the Markel equity portfolio continues to be something I really do not understand.
http://www.dataroma.com/m/holdings.php?m=MKL
During 4Q2014, about 50 different [more]

Wed Feb 4

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 5:12 PM

Re: More CBI

" So far, nothing. But I happened upon this (from this board, in early 2013), and thought I'd share it for anyone who is thinking about CBI at what seem to be mouth-watering prices. It's from Meryl Witmer, Berkshire board member and apparently [more]

Wed Jan 28

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 7:47 PM

Re: Fool Me Once, Shame On You...

"I figure that the maximum market drop probably occurred in 2009 with ~37%"
WuLong -I do not understand why you are estimating a maximum drop based on previous calendar year drops, a somewhat arbitrary period. If you are going to use [more]

Sat Jan 17

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 11:30 AM

Re: OT: Idea

You are in a situation of dealing with a totally start-up company opportunity. My suggestions come from my experience with angel and venture capital (VC) investing, which I approach very differently from my public company investments. It requires a [more]

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One star, 50 posts Old School Fool
Board Posts 216
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