Post #11544 by nola622 on the Berkshire Hathaway board

If someone appears to be repeatedly personal, lean towards patience as they might not mean offense. If you are sure, however, then do not deepen the problem by being negative; instead, simply place them on ignore by clicking the unhappy yellow face to the right of their name.

- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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In re Berkshire's Sirius play, isn't it an arbitrage?

I don't see how it could be considered an arbitrage. Maybe you are thinking back to when Ted was buying the Liberty Sirius tracking stock and it traded at a discount to the underlying SIRI shares. Even then it was not an arbitrage since he was not short SIRI against long LSXMA / K at a discount. He was also long some SIRI at that time, not short.

Now Berkshire is essentially the new controlling shareholder of SIRI. No arbitrage here - this company needs to continue generating cash, paying down debt, and retiring stock for many years for this one to work well. It probably will but it won't be exciting. Kind of like DVA.

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