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) ❤
No. of Recommendations: 2
“” Warren Buffett’s Berkshire Hathaway has increased its Liberty SiriusXM tracking stock purchases. The investment firm topped up purchases in recent days, adding another 2.8 million shares for about $85 million, according to a Form 4 filing with the Securities and Exchange Commission late Wednesday.
Berkshire purchased both the voting and nonvoting tracking stock. It now holds about 69 million shares of the tracking stock, which is valued at $2.1 billion based on Wednesday’s closing price. Its stake in the tracker is about 20%. The most recent purchases came on Friday, Tuesday, and Wednesday at a price of about $30 per share.
The tracking stock was issued by Liberty Media, which is controlled by media mogul John Malone. Some Berkshire followers believe the Liberty Sirius XM investment is managed by Ted Weschler, rather than CEO Warren Buffett.
Liberty Media and Sirius reached a deal in December that will combine the tracking stock with Sirius XM Holdings in what Liberty expects to be a tax-free exchange in which the tracking stock shareholders will get Sirius XM Holdings stock.
What’s Next: The appeal of the Liberty SiriusXM tracker is that it trades at about a 33% discount to the value of Liberty’s SiriusXM stake, Barron’s estimates. Bulls are betting the gap will close as the transaction approaches—it is due to close in the third quarter. If the gap closes, holders of the tracking stock could score some big gains.””
No. of Recommendations: 0
No. of Recommendations: 1
Huge fall in the LSXMK tracking stock from Nov. 2021, but its price has risen over 36% in under 4 months. Seems like a reasonable small bet (by Ted?) from the limited data I’ve read. Will be fun to watch this play out.
Big fan of the SiriusXM product-I’ve been a continuous subscriber for 20+ years and use the app often. Not a fan of the need to call annually just prior to renewal to get the best “promotional rate” but it’s well worth the 10 minute call to save the $100-150!
No. of Recommendations: 1
Big fan of the SiriusXM product-I’ve been a continuous subscriber for 20+ years and use the app often. Not a fan of the need to call annually just prior to renewal to get the best “promotional rate” but it’s well worth the 10 minute call to save the $100-150!
Ditto. Last couple of years you could go online and click the CANCEL button and it would offer you $60 (plus tax & fees) for another year. In earlier years you could get 1 year for $120-$150 (plus tax & fees) if you called and threatened to cancel--but sometimes you had to call 2 or 3 or 4 times until you got to the right agent.
Last September that button disappeared, so I called and got rather testy, said I was tired of having to call every dam year. He said he could make me an offer that they only offered to 6% of their favorite customers. Yeah, right!
The deal was $6.99/mo (plus tax & fees) forever, and I would never have to call ever again. That's $84/yr, cheaper than it used to be, and I never have to call again. Some people said they got offered $5.99/mo, but that was only good for one year.
No. of Recommendations: 1
Good to know, thanks. FYI- my best promo offer a couple weeks ago as a “VIP” was $87/year ($72 sub + $15 royalty), similar to last year. I was not aware of the hassle-free long-term offer.
No. of Recommendations: 3
my best promo offer a couple weeks ago as a “VIP” was $87/year ($72 sub + $15 royalty), similar to last year. I was not aware of the hassle-free long-term offer.
I didn't say "hassle-free". ;-)
It was as obnoxious as all the annual arguing has ever been, but like always you just have to hang tough and demand the deal. I believe I told the guy that I was tired of having to call every year and I was getting ready to just cancel altogether. It helped that I could say that my friend (an anonymous on-line person that google turned up--which I didn't mention that niggling detail) just recently got offered a $5.99/mo deal. I _always_ googled before calling them to see what kind of offers people were getting.
Maybe I could have gotten $5.99 with another hour of arguing. Whatever offer you want, they ALWAYS initially say that there is no such offer, no matter how many people have said online that they just renewed at it. An extra $1 wasn't worth my time and aggravation. $6.99 and never having to call again was good enough.
No. of Recommendations: 1
Maybe I could have gotten $5.99 with another hour of arguing.
I guess you have to actually cancel for a while to get the best deal. I canceled about 6 months ago and now once a week I get an email with a $3.99/month offer, with the $15 activation fee waived. There are unspecified "taxes and fees" though.
No. of Recommendations: 1
lol, I'm still trying to get use to the new format! IF I had my way I would still be using MSFT 8 too , I hate, updates. I figure they found new ways to track me, sell me stuff, and cause me viruses.
No. of Recommendations: 0
$3.99/month offer
Dang. Or $99 for 3 years!! But then you'd be back on the call-every-year treadmill. Heck, I pay Terminex $20/mo to spray for bugs---and there's not many bugs in January. So I guess no reason to sweat trying to save $2.75/mo on Sirius with the hassle factor.
I'd drop it in a heartbeat if it wasn't for the fact that we get terrible reception because of being in the mountains. Have to change FM stations 3 times between home and town. My wife said that me switching channels all the time in the car was driving her crazy.
No. of Recommendations: 2
IF I had my way I would still be using MSFT 8 too , I hate, updates. I figure they found new ways to track me, sell me stuff, and cause me viruses.
Look into Windows 10 LTSC. No crapware, no crapware installed surreptitiously, minimal tracking.
At mydigitallife.net. Sipping from a firehose alert.
No. of Recommendations: 1
Every couple of years I get a free, no credit card 3 month promo offer from Sirius-XM. It happens after I have the car serviced. I take it, but I never find enough music I like to do the pay option once it ends. So then I go for a year or two without it.
No. of Recommendations: 29
This thread really makes me smile.
I do the same thing, every year. I call Sirius XM and beg them to lower the price.
What the heck is wrong with us? We are all pathologically cheap!
Sometimes, like today, when stocks are really moving, I go to my Schwab account and repetitively click the refresh button, to watch my net worth go up by thousands of dollars a second. Of course on other days, I watch it go down by thousands of dollars a second.
Then, when I finish those completely useless waste of time moments, I'll go to Costco, primarily to eat a $1.50 hot dog, or call Sirius to beg them for a 1 or 2 dollar a month discount.
It's (somewhat) reassuring to me that there are other BRK board posters who probably do the same thing.
Can't really stop all that nonsense, though. I think about the absurdity of this behavior a lot, and I came to a calming conclusion.
We can't change who we are.
No. of Recommendations: 6
Great post and most of us are likely guilty as charged, although not quite as bad as years ago! Well, we learned from the best. I recall Warren waited patiently for a great deal before closing on his second home in Laguna Beach & stretched and refi’d his 30 year mortgage as long as he could to optimize his birds in the bush. I suppose every compounded dollar counts.
https://totalexpert.com/blog/what-does-warren-buff...“Buffet was talking real estate because he recently put the Laguna Beach home he bought for $150,000 in 1971 on the market for $11 million. The $150,000 price tag was pretty steep in 1971 – it would translate to about $900,000 in today’s dollars – and Buffet took out a mortgage to buy it.
Buffet explained that he took out a mortgage for about $120,000 to buy the home and spent that same amount in cash to buy Berkshire Hathaway stock. If he gets close to his $11 million list price, Buffet will make nearly seventy times what he spent for the Laguna Beach house. But more importantly, his decision to get a mortgage and use his cash differently, paid off even bigger.
Here’s what Buffet told CNBC: ”I thought I could probably do better with the money than have it be an all equity purchase of the house. I might have bought 3,000 shares of Berkshire or something like that… so that’s [worth] $750 million [today].”
