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What are you buying today?


LowIQinvestor

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Added to my Exor position.

 

What am I missing? SOP-Value should be ~100 EUR vs. 62 EUR share price.

 

orion,

 

To me personally, this is a great move, and you aren't really missing anything. Gísli [CoBF member Sportgamma] posted not so long ago in the EXOR topic here on CoBF a link to Gísli's website containing a spreadsheet containing a real time SOTP valuation of EXOR. [ Link ][Website post of December 8th 2018].

 

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It's just so great to have fellow CoBF members, who share wonderful stuff like this.

 

- - - o 0 o - - -

 

Edit: Somehow TwoCitiesCapital beat me to it.

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Gents, please note that it's still only some hours ago, that alwaysinvert posted here on CoBF today:

 

I still think the main complication is that he can't get size and this was tested a bit in Q3 2018, with the result being that the stock gained pretty much every day for a month. If he could get $10b worth of stock at $200, I'm sure he wouldn't mind. But the issue is that if he ratcheted up buybacks fast in any one period, the market would be informed before he could gain much ground. He needs to somehow convince the market that he won't backstop the stock price and has failed to do so thus far. Hence the tepid buybacks.

 

This makes it sound like buybacks is the only thing on his mind, which obviously is not true. However, any feasible strategy for long-term use of funds without dividending out portions must necessarily include sizable buybacks.

 

It just so striking. This - today - is his [Mr. Buffett's] favorite playground.

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Added to BRK.B

 

Started a position in WFC, pretty much because of the last half dozen or so posts by koshigoe.

 

http://www.cornerofberkshireandfairfax.ca/forum/profile/?area=showposts;u=9320

 

Saw this posted on another board today as well

http://sabercapitalmgt.com/wp-content/uploads/2019/07/WFC-Unexciting-Idea-But-Exciting-Value-2019-07-01.pdf

 

Wells looks good to me.  I hope it's correct that Berkshire can stop selling.

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