Ngreig

[Ngreig @Ngreig2]

@Invesquotes @Edelweiss_Cap Can you either post or DM me the translated transcript Leandro

[Ngreig @Ngreig2]

@unusual_whales Are they Chinese in essence ?

[Ngreig @Ngreig2]

H/t @ChrisBloomstran To put it in perspective when Berkshire Hathaway stock was very overvalued and a significant part of its equity was highly valued Coca-Cola stock they issued 22% more shares outstanding to buy General Re which also brought them a lathe fixed income portfolio and reduced the weight of the KO position .

[Ngreig @Ngreig2]

@evfcfaddict Yes - really makes sense to issue equity equal to 2% of market cap in this scenario 🫡

[Ngreig @Ngreig2]

@ErnestWongBWM @TSOH_Investing Meanwhile they were very wrong on IBM and exited their investment shortly thereafter I recall

[Ngreig @Ngreig2]

@andrewcoye @KrisPatel99 Also an $80bn debt issuance would have been challenging.

[Ngreig @Ngreig2]

@Neb2323 Or you could believe that Ruth Porat knows that $80bn would be too large for a debt issue and would ruin their borrowing rates in the future . 🤷‍♀️

[Ngreig @Ngreig2]

@Clay_Finck Congratulations Clay

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@emreadsthebooks @natalierichard5 The Secret History was a worthwhile read but it does not compare to The Goldfinch - not in the same league .

[Ngreig @Ngreig2]

@emreadsthebooks Just started reading John of John last night . Superb !

[Ngreig @Ngreig2]

@andrewcoye @Hesterfield_ I had misunderstood what you were saying . May well be that Ted made the initial investment decision on Google and Warren/ Greg decided to size it up .

[Ngreig @Ngreig2]

@andrewcoye @Hesterfield_ Ted is meant to be running $20bn . The value of the Google stake ( both classes of stock ) is $22 bn at close . I doubt this is Ted’s .

[Ngreig @Ngreig2]

@BarrySchwartzBW Position worth around $23bn at today’s close including both classes of stock 😉

[Ngreig @Ngreig2]

@mastersinvest Berkshire and software

[Ngreig @Ngreig2]

@marc_slans No negative prices possible like oil 🙃

[Ngreig @Ngreig2]

@MikeZaccardi @BarrySchwartzBW Six out of the ten are a year ago or getting on for that . Before SaaS margeddon

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@Invesquotes Can’t wait to read it Leandro

[Ngreig @Ngreig2]

@andrewcoye @JonahLupton Buy Chubb ( CB ) which they already own almost 9% of with a value of $11 Billion .

[Ngreig @Ngreig2]

However I am looking at CB’s 2025 letter now , see p148 onwards he uses 4 different methods for calculating Berkshire’s IV and his preferred method is sum of the parts not the net income basis . These cone to between $560 and $585 per share .

Last year is sum of the parts was $520 and it traded if i recall as high as $540 before the announcement that Buffett was stepping down at year end .

[Ngreig @Ngreig2]

@andrewcoye Andrew , would you mind sharing what accounts for the big difference between @ChrisBloomstran calculation of $570 IV per share versus your $485 number . This is quite a big difference - about $150 bn off the top of my head ?