texirish’s Activity

Yesterday

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Boards Post

texirish replied to the Berkshire Hathaway board. 1:46 PM

Re: Rational Walk: Thoughts on Share Repurchases

We know that a buyback, other than in the relatively rare case of market prices far from fair value, does not change the value of a share.

Isn't this the case that BRK shareholders are interested in?

Seems to me if [more]

Fri Jul 13

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Boards Post

texirish replied to the Macro Economic Trends and Risks board. 8:27 PM

Re: Russian nuclear forces, 2018

These modernizations, combined with an increase in the number and size of military exercises and occasional explicit nuclear threats against other countries, contribute to uncertainty about Russia’s long-term intentions and growing international [more]

Tue Jul 10

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texirish replied to the Berkshire Hathaway board. 1:28 PM

Re: What a fun season it has been...

Mark Twain famously wrote that the secret of success is making your vocation your vacation.

Warren Buffett has been very successful in doing so. He manages in such a way that he does the things he enjoys doing and does his best to avoid [more]

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texirish replied to the Macro Economic Trends and Risks board. 10:07 AM

Re: WSJ: Farm Bust

OT - Looks like the last two (coach and one player) are on their way out of the cave now. That will be a wrap on what some would call a miracle or at least a lot of luck in my opinion.

I'm among the millions of people happy that [more]

Sun Jul 8

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texirish replied to the Macro Economic Trends and Risks board. 9:12 PM

Re: Retirement on just $30,000 a year

but if you are going to a vintage aircraft show, what better way than in a vintage C-47?

My first commercial flight (1955) was in a C-47 although we still called it a DC-3. Later in the early 60's Humble Oil used them as an [more]

Sat Jul 7

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texirish replied to the Macro Economic Trends and Risks board. 10:04 PM

Re: PROPANE EXPORTs

Currently US is a major exporter of Propane but same applies as with LNG, our west coast is much closer to Japan and other markets making costs much cheaper.

Correct versus US. But both will have difficult competing with New Guinea an [more]

Sat Jun 30

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texirish replied to the Berkshire Hathaway board. 8:18 PM

Re: Looking attractive

On Dec 30, 2014, price to BV is 1.58 and BRK.B price was $118.2

I believe BRK.B closed at $152.09 on Dec. 30, 2014. Using correct numbers helps one make a valid point.

That's 6% a year, basically retained earnings from [more]

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texirish replied to the Berkshire Hathaway board. 2:20 PM

Re: Looking attractive

Oh btw, what you have described is market timing just using different description.

I never knew before that buying low and selling high was market timing.

Or that knowing how to value a business so one could do so is just an [more]

Fri Jun 29

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texirish replied to the Berkshire Hathaway board. 5:41 PM

Re: Looking attractive

This means that you need to allocate ~$12B of your capital at a time, and can only put that ~$12B
into companies with at least a ~$120B market cap. Suddenly your 7,000 stock universe just shrunk to
61 companies on the planet. Each of
[more]

Thu Jun 28

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Boards Post

texirish replied to the Berkshire Hathaway board. 6:18 PM

Re: Looking attractive

<i We have no idea about succession plan and what direction new CEO will take.

Seems pretty obvious to me.

Sun Jun 24

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Boards Post

texirish replied to the Berkshire Hathaway board. 7:16 PM

Re: OT: Amazon the brand buster

I wonder at what point anti-trust law will impact Amazon?

Rockefeller and SONJ seemed pretty dominant at one time.

Tue Jun 19

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texirish replied to the Berkshire Hathaway board. 3:00 PM

Re: How much cash reasonably has optionality

One of my "conspiracy theory" is, after buffett his holdings could be bought back by the company and they are keeping cash for that.

Interesting thought.

But I believe his shares are all pledged to the Gates and [more]

Sat Jun 16

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Boards Post

texirish replied to the Berkshire Hathaway board. 1:16 PM

Re: Preparing Berkshire for a Future Without Buf

... but it was not that long ago that David Sokol was considered the anointed one.

That was always a media creation. Buffett has stated that he was not one of the candidates.

Sokol's abrasive personality was known in [more]

Wed Jun 13

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texirish replied to the Macro Economic Trends and Risks board. 6:33 PM

Re: Air Into Gasoline

Ultimately lessons will be learned and applied and funds invested where it makes sense.

Berkshire Hathaway Energy is a major investor in solar power. Buffett has directly stated that this is only due to the subsidies. Otherwise, they [more]

NL

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texirish replied to the Macro Economic Trends and Risks board. 11:51 AM

Re: Trump Seals the Deal

Actually one-third show remarkable restraint as I'm guessing over 80% of the articles on BNNbloomberg business news have "Trump" in the headline or at least prominent in the article.

I'm all for avoiding politics on [more]

Wed Jun 6

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texirish replied to the Macro Economic Trends and Risks board. 9:54 PM

Re: We Burned Down the White House?

And some got chased out and wound up in Louisiana, thus the Acadian influence. Best expressed in Longfellow's poem "Evangeline".

During WWII, the French aircraft carrier Bearn came to New Orleans for refit. My mother, [more]

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texirish replied to the Macro Economic Trends and Risks board. 1:50 PM

Re: Govt: Soc Sec will be insolvent by 2034

Interesting, even the perennial oil bear Steven Schork is questioning (on BNN) why the US would be quietly asking the Saudis (OPEC) to open the taps an additional 1 m bpd? One of the guys yesterday suggested that it is not a US production problem [more]

Tue Jun 5

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Boards Post

texirish replied to the Macro Economic Trends and Risks board. 4:56 PM

Re: Govt: Soc Sec will be insolvent by 2034

Best wishes for your wife's father Tim.

Forget about my question. Family is what is important.

Tex

NL

Boards Post

texirish replied to the Macro Economic Trends and Risks board. 4:15 PM

Re: Govt: Soc Sec will be insolvent by 2034

Oh now there is a bit of irony, just heard an oil expert say that within eight years the US will not be able to hide a major decline in oil they can pump.

Time for the Carl Sagan Standard:

"Extraordinary claims require [more]

Mon Jun 4

NL

Boards Post

texirish replied to the Berkshire Hathaway board. 6:17 PM

Re: BRKB-Risk Reward

No spinoffs, asset sales or IPO.
No dividends.
No buybacks above 1.4 P/BV


My concern for my Berkshire investment, the majority of which will pass to my estate, is that these will be enshrined as part of Berkshire's [more]

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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1424
Recs Received 7890
People who have rec'd these posts 1199
Recs to Posts Ratio (last 30 days) 6.60
Threads Started 162
Threads Started Percentage 11.38 %
Most Frequent Board Berkshire Hathaway
Very First Post Re: Another yellow BRK'er refugee (2/13/1998)
Percentage of Posts Rec'd 84.34 %
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