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(NBC News)   Warren Buffett bemoans his company's 14.4% increase, roughly two cheeseburgers in paradise   (nbcnews.com) divider line 28
    More: Misc, Warren Buffett, Berkshire Hathaway, book value, H.J. Heinz Co., Charlie Munger, intrinsic value, Squawk Box  
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1609 clicks; posted to Business » on 02 Mar 2013 at 2:50 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments   (+0 »)
   
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2013-03-02 03:28:23 PM  
I think you mean Jimmy Cliff, subby.
 
2013-03-02 05:10:49 PM  

show me: I think you mean Jimmy Cliff, subby.


I think he means Cliff Richard.
 
2013-03-02 05:11:23 PM  

show me: I think you mean Jimmy Cliff, subby.


No, you are thinking of Richard Cliff, the guitar player for Aerosmith.
 
2013-03-02 05:40:15 PM  
Warren Buffett called 2012 "subpar" in his annual letter to shareholders as Berkshire Hathaway's per-share book value rose 14.4 percent, less than the S&P 500's 16-percent increase.

Damn you, Obama.
 
2013-03-02 06:45:43 PM  
BOO MOTHERfarkING HOO
 
2013-03-02 06:58:03 PM  
"1st world problems"...
 
2013-03-02 07:07:59 PM  
This is marketing pure and simple.  Oh, we only gained 14.4%, how subpar of us.    Translation, that's right biatches, we did better in a poor year than your sorry ass 401 k's greatest masturbatory fantasy
 
2013-03-02 07:12:28 PM  
Ok, you've sold me.  How do I get in on this measily 14.4%?
 
2013-03-02 07:18:52 PM  
God's Own Drunk
 
2013-03-02 07:32:58 PM  

Frozboz: Ok, you've sold me.  How do I get in on this measily 14.4%?


Well, it closed Friday at 152,750USD per share.
 
2013-03-02 07:40:40 PM  

dionysusaur: Frozboz: Ok, you've sold me.  How do I get in on this measily 14.4%?

Well, it closed Friday at 152,750USD per share.


Sure, for the class A stock. BRK.B is just over $100 per share. You don't get an invitation to the shareholders meeting, but really, why the hell would anyone want to go to Omaha?
 
2013-03-02 07:57:13 PM  

Slog: dionysusaur: Frozboz: Ok, you've sold me.  How do I get in on this measily 14.4%?

Well, it closed Friday at 152,750USD per share.

Sure, for the class A stock. BRK.B is just over $100 per share. You don't get an invitation to the shareholders meeting, but really, why the hell would anyone want to go to Omaha?


The zoo is nice. And, uh... the zoo is nice.
 
2013-03-02 08:10:43 PM  
Nice...Do you think they can finally pay all the back taxes they still owe.
 
2013-03-02 09:10:04 PM  

Slog: dionysusaur: Frozboz: Ok, you've sold me.  How do I get in on this measily 14.4%?

Well, it closed Friday at 152,750USD per share.

Sure, for the class A stock. BRK.B is just over $100 per share. You don't get an invitation to the shareholders meeting, but really, why the hell would anyone want to go to Omaha?


Oh... *that's* why I stopped getting invited (not that I ever came close to *going*). I've always been a class B shareholder, but I started before the 50:1 split a couple years back.
 
2013-03-02 09:21:45 PM  
The food at Jimmy Buffett's restaurants is horribly overpriced.

/I know, thatsthejoke.jpg
 
2013-03-02 09:34:54 PM  

show me: I think you mean Jimmy Cliff, subby.


i think you're thinking of Jimmy John's

subs
 
2013-03-03 12:11:26 AM  
How much money does he need?
 
2013-03-03 12:30:49 AM  

BalugaJoe: How much money does he need?


That's the fun part. He doesn't need much at all, because his $31k (at the time of purchase) home in Omaha is paid for (now valued at $700k BTW). Buffett, by all accounts, is pretty frugal, and he intends on giving the bulk of his estate to charity when he dies. IIRC, his Berkshire salary is about $175k a year.

In other words, Buffett is one of the good guys.
 
2013-03-03 12:35:29 AM  

Jon iz teh kewl: show me: I think you mean Jimmy Cliff, subby.

i think you're thinking of Jimmy John's

subs


I don't think so.  Jimmy Johns used to be the coach of the Dallas Cowboys.  He did look like he ate a lot of cheeesburgers though, so I can see where youd be confused.
 
2013-03-03 01:44:36 AM  
Ok, you've sold me.  How do I get in on this measily 14.4%?

You buy Fark snark options.
 
2013-03-03 01:46:38 AM  
You can go to the annual meeting even if you are a class B shareholder.  Think about it logically, they wouldn't need to hold the meeting at the CenturyLink Center, an 18,975-seat arena, if only the class A people ($152,750 a share) could go.
 
2013-03-03 02:56:43 AM  

keytronic: This is marketing pure and simple.  Oh, we only gained 14.4%, how subpar of us.    Translation, that's right biatches, we did better in a poor year than your sorry ass 401 k's greatest masturbatory fantasy


Yet every S&P index fund out there did even better, for a fraction of the effort.
 
2013-03-03 08:35:02 AM  
Uh, instead of wasting your money trying to buy prime BH stock.
Why don't you just buy what they buy?
Or even better, just use the same method?   (It's all in his book...)

Oh, that's right, you like wasting money on prestige.
And you're too impatient to wait for the returns the way he does it.
 
2013-03-03 09:04:31 AM  

Slog: You don't get an invitation to the shareholders meeting


False
(http://www.berkshirehathaway.com/compab.pdf)

"Both Class A & B shareholders are entitled to attend the Berkshire Hathaway Annual Meeting which is held the first Saturday in May"

Biggest party in Omaha
 
2013-03-03 12:38:38 PM  

neaorin: Yet every S&P index fund out there did even better,


When you account for the management fees it looks like he would have beaten at least one S&P index fund.
 
2013-03-03 10:25:31 PM  

keytronic: This is marketing pure and simple.  Oh, we only gained 14.4%, how subpar of us.    Translation, that's right biatches, we did better in a poor year than your sorry ass 401 k's greatest masturbatory fantasy


Buffett is a big proponent of simple index funds for most folks, especially because of their low fees. If somebody could have beaten his return just by taking the a dirt cheap S&P500 index fund and sitting on it all year, then why should they invest with him? So, in that context, it was subpar because he did worse than average.

And yeah, a LOT of people's "sorry ass 401ks" did well last year. Sorry if yours didn't -- maybe you should get an index fund and sit on it for 40 years instead of whatever you're doing now.
 
2013-03-04 03:02:46 AM  

rogue49: Uh, instead of wasting your money trying to buy prime BH stock.
Why don't you just buy what they buy?
Or even better, just use the same method?   (It's all in his book...)

Oh, that's right, you like wasting money on prestige.
And you're too impatient to wait for the returns the way he does it.



I don't have money to invest after buying crack jerkwad.
 
2013-03-04 10:00:25 AM  

rogue49: Uh, instead of wasting your money trying to buy prime BH stock.
Why don't you just buy what they buy?
Or even better, just use the same method?   (It's all in his book...)

Oh, that's right, you like wasting money on prestige.
And you're too impatient to wait for the returns the way he does it.


Because you don't get the juicy deals that Buffet gets. Good luck trying to get Goldman to issue you prefs for 10%. For Heinz, you have to buy it before he buys it, which doesn't help. If you can find a broker that will allow you to sell 5+ year ATM index puts without posting collateral, let me know. It doesn't have to be a binary thing, you can buy BRK.B AND follow his approach.
 
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