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Investment Strategies / Manlobbi's Descent
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Author: dealraker   😊 😞
Number: of 20 
Subject: As to board management
Date: 12/24/2022 3:10 AM
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As you know Manlobbi I questioned the valuation that you were giving BPY and to some degree all the Brookfield entities. But while thus far my questioning has appeard completly correct I've been completely incorrect over the longer period of time as to my Bruce Flatt concerns- at least as it evidenced by the current stock price of what's now BN and BAM.

But the questioning of that sort of thing to me is insignificant compared to the off-topic nature of the former Berkshire board. So...

I write to mention that the past MF Berkshire board repetedly became a Musk/Bezos (and others) Tesla/Amazon and others meeting place, that there was near total focus on how out-of-it Buffett was as to buying OXY instead of or as opposed to the hot stuff of the time. I just hope we can stay off such a focus with the new board.

Anyway I think it will be all you can handle to keep things under control and I wish you luck in doing so!

I have a Brascan stock certificate at in the window of my reading nook proped up against the wall with a boat propeller. I mention here from time to time that my association with Brookfield began 28 years ago. But that's actually not the case, it began in the late 1970's. LOL, things were always fantastic with Brascan.

LOL. Have a great day.

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Author: dealraker   😊 😞
Number: of 20 
Subject: Re: As to board management
Date: 12/24/2022 3:18 AM
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LOL: the 'Things were always fantastic with Brascan' was supposed to include the word 'not'!
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Author: Said   😊 😞
Number: of 20 
Subject: Re: As to board management
Date: 12/24/2022 6:16 AM
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I write to mention that the past MF Berkshire board repetedly became a Musk/Bezos (and others) Tesla/Amazon and others meeting place, that there was near total focus on how out-of-it Buffett was as to buying OXY instead of or as opposed to the hot stuff of the time. I just hope we can stay off such a focus with the new board.

And I write in the hope Manlobbi doesn't feel even tempted to give in to this (not so) subtle manipulation (as is clear from the subject line '... board management').

This ALWAYS was a point of heated discussion on the old Berkshire board (where Btw the OP rather belongs too: Manlobbi would have seen it there too). Why? Because we have on the Berkshire board groups with very different wishes. I remember just too well the result of a poll I did 2-3 years ago with respect to that. The options for what type of posts people would prefer were 'BRK only', 'BRK and similar (Markel or such)', 'wider investment stuff', 'everything'. There was a high percentage voting for 'focused', a high percentage voting for '+similar' and a high percentage for 'wider', with not that much in between them. Only 'everything' was not liked much.

In other words: 'stay off such' is just the opinion of a poster in one of three categories, which are completely different but were voted with around equal weight.
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Author: Aguila   😊 😞
Number: of 20 
Subject: Re: As to board management
Date: 12/24/2022 6:27 AM
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Said: I agree that discussions on the Berkshire board should be allowed to stray, in a natural way, and with off-topic posts tagged as such.
But I sure hope you don't drag the endless bickering about S+P500 versus Berkshire over to this site.
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Author: dealraker   😊 😞
Number: of 20 
Subject: Re: As to board management
Date: 12/24/2022 7:34 AM
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Well, if I am in the minority then I'll just go with it and not mention such again. Not a big deal, it just seems that there's nowhere to escape the exact same topics that dominate all places. The Brookfield forum seems to exist outside of this norm, but not the Berkshire one. But Brookfield now is far (at today's prices) is far less of a market beater thus the same culture may come there also.
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Author: Said   😊 😞
Number: of 20 
Subject: Re: As to board management
Date: 12/24/2022 7:41 AM
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You are not in the minority. According to that poll there are simply 3 very different but roughly equally strong groups, with none of them having an absolute majority.
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Author: Manlobbi HONORARY
SHREWD
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Number: of 20 
Subject: Re: As to board management
Date: 12/24/2022 9:36 AM
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No single person can control the culture that emerges in each board, and they tend to be distinct and idiosyncratic, and the distinctions are (in aggregate) the strength of this system as a whole.

However, every single person can (and does) influence the culture on each board. And that is best done one way - to have a mind-set (and quality of post) yourself in the way that you'd love to see others having (and writing).

That includes:
1. Writing posts involving thought.
2. Keep your own intellectual quality/quantity average your posts as high as you can. Note the denominator - there is no need to post too often, the community have a history of returning not just for the latest post but also for reading back on past posts also. Treat the place half like a library, half like a community.
3. Marking posts not related to the board theme as 'OT:'. This thread is no exception - it should have been marked 'OT:'.
4. Tolerate, try to see quality amongst the weeds, however if it becomes too much, use the Ignore feature. Give critique as that is largely how knowledge progresses (versus confirmation). However argue with the idea, not with the person. No matter how robust people seem to come across, assume that they are much more sensitive than you think and lean in the direction of imagining everyone you are responding to as at the dinner table in front of you. RationalWalk left not because of the lack of ideas (at the time), but because of a lack of sensitivity (at the time). Be genuinely kind, it goes back centuries and works.

The Berkshire Hathaway board has 25+ year momentum. If Tesla comes up too much, remind them (sometimes) to mark their post OT, and every time you do that, include a link to the applicable board (in this case the Tesla board):
http://www.digitalscores.com/MB?command=findBoard&...

Shrewd it!

- Manlobbi
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