Use access key #2 to skip to page content.

HarryCarysGhost (99.76)

My pitch for Brk-B

Recs

9

January 21, 2010 – Comments (5) | RELATED TICKERS: BRK-B

BRK-B 5Y N/A$72.72
( +4.60%)N/AN/AN/A Pitch by: msftgev 1/21/10 7:26 PMReply | Report this postAlthough our form is corporate, our attitude is partnership. Charlie Munger and I think of our shareholders as owner-partners, and of ourselves as managing partners. (Because of the size of our shareholdings we are also, for better or worse, controlling partners.) We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own the assets.
Charlie and I hope that you do not think of yourself as merely owning a piece of paper whose price wiggles around daily and is a candidate for sale when some economic or political event makes you nervous. We hope you instead visualize yourself as a part owner of a buisiness that you expect to stay with indefinitly, much as you might if you owned a farm or apartment house in partnership with members of your family. For our part, we do not view Berkshire shareholders as faceless members of an ever shifting crowd, but rather as co-venturers who have entrusted their funds to us for what may well turn out to be the remainder of their lives.

Cool, I'm a co-venturer.

 

Might take a road trip to Omaha with my Dad next year. He bought pre split.

I had to wait for the split ( not rich:(

(Yet :)

5 Comments – Post Your Own

#1) On January 21, 2010 at 11:09 PM, topsecret09 (38.86) wrote:

  Just keep buying.........   TS

Report this comment
#2) On January 22, 2010 at 11:18 AM, leohaas (35.73) wrote:

OK, even thought it is not really your pitch (you are merely quoting Warren Buffett), still a rec!

Disclosure: long BRK-B at the time of writing.

Report this comment
#3) On January 22, 2010 at 10:28 PM, HarryCarysGhost (99.76) wrote:

topsecret09

I plan on buying more on any dips. Only in %25 of projected holding.

At our annual meetings, someone usually asks "What happens to this place if you get hit by a truck?"  I'm glad they are still asking the question in this form. It won't be too long before the query becomes: " What happens to this place if you don't get hit by a truck?" 

 leohaas

True this was not "my" pitch, but I figured why would you want to hear from Joe six pack( Bud of course) when you could listen to the Oracle himself.

Also, thought it was important to point out that this is not the type of stock to dart in and out of. I've seen many posts on the web stating that this is their plan. Seems crazy to me. If you want to trade find a small-cap under $10 where you can profit from one point swings. 

See you all at the annual shareholders meeting (WHOO-HOOO!)

Report this comment
#4) On January 22, 2010 at 11:01 PM, truthisntstupid (94.09) wrote:

Hi, msftgev!

If I was going to buy a non-dividend paying stock that would be it.  

Report this comment
#5) On January 23, 2010 at 11:38 AM, HarryCarysGhost (99.76) wrote:

Hi, truth!

Warrens veiws on dividends are that if he did not feel that management was able provide sufficient growth for the shareholders then a dividend would be in order.

He did not rule out the possibility, just feels that he could do a better job with the money. And I agree with him:)

Report this comment

Featured Broker Partners


Advertisement