Comments on: Notes from the 2009 Berkshire Hathaway Annual Report http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Notes from the 2010 Berkshire Hathaway Annual Report | MoneySense http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-433723 Notes from the 2010 Berkshire Hathaway Annual Report | MoneySense Mon, 28 Feb 2011 15:29:28 +0000 http://www.canadiancapitalist.com/?p=3495#comment-433723 [...] Notes from the 2009 Berkshire Hathaway Annual Report [...] [...] Notes from the 2009 Berkshire Hathaway Annual Report [...]

]]> By: Greek Woes: What to do now? | Canadian Capitalist http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-217659 Greek Woes: What to do now? | Canadian Capitalist Wed, 28 Apr 2010 02:30:59 +0000 http://www.canadiancapitalist.com/?p=3495#comment-217659 [...] some cash: In the latest Berkshire Hathaway annual report, Warren Buffett encouraged investors to reach for a bucket instead of a thimble when it is raining [...] [...] some cash: In the latest Berkshire Hathaway annual report, Warren Buffett encouraged investors to reach for a bucket instead of a thimble when it is raining [...]

]]> By: The Personal Finance Blog http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-213230 The Personal Finance Blog Tue, 16 Mar 2010 19:28:22 +0000 http://www.canadiancapitalist.com/?p=3495#comment-213230 Buffett's letters to shareholders contain valuable information in a clear, straight-to-the-point format. I love reading them and every time i do, I seem to pick up something that previously escaped me. Now when it comes to "departing from your rules" as an investor, I don't see it as a big deal. It's ok to have an investing style and stick to it, but you also have to have some level of flexibility. All that matters is that you DO realize that you're doing something different, and also make sure that you're doing it based on solid information. It doesn't have to mean that you're turning away from your investment style. Buffett’s letters to shareholders contain valuable information in a clear, straight-to-the-point format. I love reading them and every time i do, I seem to pick up something that previously escaped me. Now when it comes to “departing from your rules” as an investor, I don’t see it as a big deal. It’s ok to have an investing style and stick to it, but you also have to have some level of flexibility. All that matters is that you DO realize that you’re doing something different, and also make sure that you’re doing it based on solid information. It doesn’t have to mean that you’re turning away from your investment style.

]]> By: Intelligent Speculator | Financial Ramblings http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-212501 Intelligent Speculator | Financial Ramblings Sat, 06 Mar 2010 19:24:02 +0000 http://www.canadiancapitalist.com/?p=3495#comment-212501 [...] in physical gold can cost you @ MoneyNing -Notes from the 2009 Berkshire Hathayway annual report @ CanadianCapitalist -How to bulletproof your portfolio @ TheFinancialBlogger -To succeed [...] [...] in physical gold can cost you @ MoneyNing -Notes from the 2009 Berkshire Hathayway annual report @ CanadianCapitalist -How to bulletproof your portfolio @ TheFinancialBlogger -To succeed [...]

]]> By: gene http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-212255 gene Thu, 04 Mar 2010 03:54:54 +0000 http://www.canadiancapitalist.com/?p=3495#comment-212255 I largely agree with McGugan's points, he didn't really say anything too controversial. I'll agree with Michael the lack of transparency portion was interesting, especially what Schroeder said. I find it great that she is willing to criticize Berkshire even though she worked closely with Buffett to write her insightful Buffett book "Snowball". I think that shows she has integrity. My disclosure: I hold 50 times more B shares than I did last year. However, I haven't bought or sold a single share. ;-) I largely agree with McGugan’s points, he didn’t really say anything too controversial. I’ll agree with Michael the lack of transparency portion was interesting, especially what Schroeder said. I find it great that she is willing to criticize Berkshire even though she worked closely with Buffett to write her insightful Buffett book “Snowball”. I think that shows she has integrity.

My disclosure: I hold 50 times more B shares than I did last year. However, I haven’t bought or sold a single share. ;-)

]]> By: The Rat http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-212235 The Rat Wed, 03 Mar 2010 23:19:23 +0000 http://www.canadiancapitalist.com/?p=3495#comment-212235 Nice post; I'm sure Buffet's letters will continue to be popular for decades to come. Nice post; I’m sure Buffet’s letters will continue to be popular for decades to come.

]]> By: Anon http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-212229 Anon Wed, 03 Mar 2010 21:29:14 +0000 http://www.canadiancapitalist.com/?p=3495#comment-212229 The David Olive article is ridiculous. Buffet has clearly explained every departure from his own rules, and his explanations are logical and legitimate. Olive doesn't provide a single counter-argument. The McGugan article made some valid points, but I don't think Buffet is as opaque as he insinuates. The fact that BH will grow more slowly over the next 35 years as compared to the last 35 is certain: huge size has a cost. This is the best line: "Should investors be worried about these late-in-life changes of heart? It comes down to whether you're counting on Buffett to make you rich or keep you rich." disclaimer: I'm a shareholder. The David Olive article is ridiculous. Buffet has clearly explained every departure from his own rules, and his explanations are logical and legitimate. Olive doesn’t provide a single counter-argument.

The McGugan article made some valid points, but I don’t think Buffet is as opaque as he insinuates. The fact that BH will grow more slowly over the next 35 years as compared to the last 35 is certain: huge size has a cost.

This is the best line: “Should investors be worried about these late-in-life changes of heart? It comes down to whether you’re counting on Buffett to make you rich or keep you rich.”

disclaimer: I’m a shareholder.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-212210 Canadian Capitalist Wed, 03 Mar 2010 15:23:23 +0000 http://www.canadiancapitalist.com/?p=3495#comment-212210 @Michael: I agree that David Olive's criticism of Buffett is unimpressive. I thought McGugan was off-base as well. BRK's letters are a model of clarity compared to the usual "rah-rah" you find in letters to shareholders. If McGugan needs more information as a shareholder, all he has to do is check out the 10-K filed with the SEC. http://www.sec.gov/cgi-bin/viewer?action=view&cik=1067983&accession_number=0001193125-10-043450 I've owned shares in banks and insurance companies and can't recall anything even resembling the clarity Buffett provides in his shareholders. You can never please some people! @Michael: I agree that David Olive’s criticism of Buffett is unimpressive. I thought McGugan was off-base as well. BRK’s letters are a model of clarity compared to the usual “rah-rah” you find in letters to shareholders. If McGugan needs more information as a shareholder, all he has to do is check out the 10-K filed with the SEC.

http://www.sec.gov/cgi-bin/viewer?action=view&cik=1067983&accession_number=0001193125-10-043450

I’ve owned shares in banks and insurance companies and can’t recall anything even resembling the clarity Buffett provides in his shareholders. You can never please some people!

]]> By: Michael James http://www.canadiancapitalist.com/notes-from-the-2009-berkshire-hathaway-annual-report/#comment-212207 Michael James Wed, 03 Mar 2010 13:14:20 +0000 http://www.canadiancapitalist.com/?p=3495#comment-212207 Thanks for the mention. I was eager to read the two critical articles. I tend to like Buffett and Berkshire, and I think it's important to pay attention to the other side of arguments. The McGugan article was interesting, particularly the complaints about lack of transparency. However, the Olive article didn't impress me. Almost all of Olive's points are issues that Buffett himself has brought up and offered explanations for. If Olive doesn't like Buffett's explanations, he should explain why. Thanks for the mention. I was eager to read the two critical articles. I tend to like Buffett and Berkshire, and I think it’s important to pay attention to the other side of arguments. The McGugan article was interesting, particularly the complaints about lack of transparency. However, the Olive article didn’t impress me. Almost all of Olive’s points are issues that Buffett himself has brought up and offered explanations for. If Olive doesn’t like Buffett’s explanations, he should explain why.

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