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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: 20punches (IP Logged)
Date: December 19, 2013 01:47PM

Ebritt120: Thanks for commenting. It is true that taking care of the purchase price and you don't have to make a good sale to get good returns:)


Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: AlbertaSunwapta (IP Logged)
Date: December 19, 2013 07:05PM

Good point on the share exchange for Gen Re.   Looking back I wonder if Buffett would have preferred to trade shares for something else.  :-). The derivative book was a bit of a downer for him.

You'll see here (link below) that he thought BRK was overvalued when he capitalized on it through the B share issuance.

[www.sec.gov]



Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: 20punches (IP Logged)
Date: December 19, 2013 08:18PM

Ansgarjohn: Thanks for commenting. I'm not sure I get your point. Are you saying that Berkshire didn't sell KO because the money it used to purchase KO was from float? 


Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: 20punches (IP Logged)
Date: December 19, 2013 08:23PM

AlbertaSunwapta: Agreed the derivative book made him sweat quite a bit. Also Gen Re messed up when 9-11 happened and Buffett specifically mentioned the risk of terrorists attack for the World Trade Center, which Gen Re was involved. Thanks for the link to the B-Share Prospectus. I have never read it but I remember reading Buffett saying the B-share was not undervalued at the time. 


Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: Seanickson (IP Logged)
Date: December 21, 2013 05:15PM

Interesting that buffett sold wells in 1998 but not coke


Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: 20punches (IP Logged)
Date: December 22, 2013 07:46PM

Seanickson: In my opinion, coke has a wider moat than wells. Coke is needed almost everywhere on earth and that per capita consumption has beeng growing and will most likely continue to grow. I can't imagian a bank being that dominant globally. 


Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: Stephen (IP Logged)
Date: December 31, 2013 03:38PM

Nice article Ning."And if we refresh our memories from the Yacktman Asset Management interview, "  Can you provide a link to this interview? Thanks


Stocks Discussed: KO,
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Re 1998 - When Buy and Hold the Greatest Business Did Not Work
Posted by: 20punches (IP Logged)
Date: January 19, 2014 04:57PM

Thanks for the nice words, Sstamps508. Here is the link:

[www.gurufocus.com]

 



Stocks Discussed: KO,
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