Disagree. There are lots of reasonable conversations here (well, not this one) and elsewhere on the internets. That Shrewdm.com is doing well owes largely to Jim and the others who decamped after the Fool conversion. OK, fine, nothing is forever.
A board is what the participants make it. Sometimes they get better. Sometimes they get worse.
Frankly, after 20 years, I’m not sure there’s a lot more to be said, it’s not as though the company is in the fast lane, changing business models with every new chip iteration that pops into someone’s head. Warren’s longevity has been a topic of discussion for 20 years. The cash pile controversy goes back to the 80’s, probably. Got something new to add? Fine, add it. Don’t? Then don’t.
I have something new to add. According to the Dow Jones computers, Berkshire is almost worthless. That, at least, is new.
https://www.barrons.com/articles/berkshire-hathaway-stock-halted-eab446ac?st=ghsq5feud8eu88p
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WEBSpired:
Well speaking of options, Mr. Market allowed me to close my June’24 400 covered call contracts today @ $9.90 (which I had sold for $8.95 in January ‘24). Figured I did slightly better than break even, considering the cash received up front was in a MM yielding ~5%. Learning experience & exercise, I suppose.
Witout counting the money market interest, you lost $0.95 per share on this transaction, $99.50 per contract LOSS. Adjusted for money market earnings on your $8.95, that comes down to a loss of $0.7625 per share or $76.25 per contract.
You did noticably worse than breaking even. If you relized that, then I’d agree you might have learned something.
Nothing against WEBSpired… the crowd that cannot do basic math are the ones celebrating “the genius” that crowd is the “cult”
My core point is there is no correlation between length and volume of posts and investment results. What may sound rational and a sound argument when one reasds them, when measured against time, falls apart.
The internet increases confirmation bias as people listen and read to the arguments, posts and videos that align with their preformed view.
Totally. Even some of that one can argue as the process vs results, where it is really bad was, absolute lies, falsehood. The classic example is: Someone posted how AMZN is overvalued by showing the sales of AMZN vs other retailers using AMZN market cap vs the sum of other retailers market cap. I replied saying instead of market cap using enterprise value, AMZN valuation is identical. First “the genius” insulted, rubbished, then he pulled an ultimate… saying you don’t take debt into account when calculating EV, and of course thrown in some choice abuses. That post received 100 rec’s. It is 101 that debt is part of EV.
The “cult” were seriously complaining about overvaluation, CAPE, PE, what else what not all the way from 2009. Their only saving grace is Berkshire performed okay.
The mistake is wasting my energy with that crowd.
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