Invest your own money, let compound interest be your leverage, and avoid debt like the plague.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 5
TIP just released another excellent annual podcast with Chris Bloomstran and discuss everything Berkshire. Signed up to hear him speak again at the Gabelli conference at the Omaha Hilton Friday am. Flying up Thursday to soak it all up again, meet old and new friends and re-energize. Should be an outstanding week!
https://www.youtube.com/watch?v=7jaFSJFYov8&pp=ygU...
No. of Recommendations: 1
I recommend this youtube channel. A lot of great interviews and content. I listen to it a lot.
No. of Recommendations: 4
After discussing the benefits of Berkshire's recent purchase of Allegheny, Bloomstran speculates as follows (@ 53:18 min):
"So keep your eyes on Markel, which Berkshire has been buying as well, because they could flip that...I'm not sure they want all of Markel but Markel inside of Berkshire would be more valuable than Markel as Markel"https://www.youtube.com/watch?v=7jaFSJFYov8Anybody else heard of this rumor?
Thoughts?
No. of Recommendations: 0
"Bloomstran speculates as follows (@ 53:18 min):"
Whoops...should have read:
Bloomstran speculates on Markel (@ 1:01:27):
No. of Recommendations: 4
A credible possibility. Allegheny was a P&C insurance company with sizable equity holdings. Markel is the same plus also owning operating companies.
Markel is not cheap at current pricing. Though insiders have consistently been buying over the past year.
Uwharrie
No. of Recommendations: 0
Anyone attending the Markel events in Omaha, please ask Gayner how Markel management will respond if they received a call from Buffett offering to buy the company?
Will they seriously entertain the offer or say they are not for sale?
Hopefully he will answer the question.
No. of Recommendations: 8
I've signed up to attend the Markel breakfast. I'm planning to sit at the back of the room and try to learn from fellow attendees. What I most want to learn is of other companies around the world with a Markel/Berkshire type investment compounding management mindset. I deliberately used the the four words together: "investment compounding management mindset". My Value Line subscription and Financial Times Reuters database subscriptions have been getting a workout as I search for companies having those characteristics. I wish there were a Value Line equivalent service for European companies (suggestions anyone?) as the overall market valuations are lower than USA valuations.
I've been investing since age 11 (money earned working on farms and paper route)and, in my opinion, the number of companies with an investment compounding management mindset are relatively scarce here in 2023, at least in the USA they are. Yes, there are growth companies reinvesting income at above average ROE numbers. A future Costco would be awesome. However, I'm finding most of those situations are too expensive for my tastes. On top of that, many are positioned a bit too close to the hypothetical regression to the mean line when looking at available market space, age of company, management pay, share dilution and so forth.
The search goes on. Maybe I'll get some names not yet considered at the rear of the room to add to my research pile.
Regarding asking Markel management about being taken out by Berkshire, I'll let someone younger and better looking than me pose the question. Tom Gaynor would may a great Chief Investment Officer with his fellow Virginian, Ted Wechler being a teammate. Joe Brandon of Allegheny could head up the insurance group within Berkshire. Mr. Abel would be the CEO. All this kind of makes sense going forward as Warren puts the final touches on his firm and his legacy.
Uwharrie
