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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (4577)	5/6/2017 9:04:52 AM
From: Sr K	Respond to of 4690

Principle #13 from An Owner's Manual, also on page 111 of this year's Annual Report: 13. Despite our policy of candor, we will discuss our activities in marketable securities only to the extent legally required. Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are. Therefore we normally will not talk about our investment ideas. This ban extends even to securities we have sold (because we may purchase them again) and to stocks we are incorrectly rumored to be buying. If we deny those reports but say “no comment” on other occasions, the no-comments become confirmation. Though we continue to be unwilling to talk about specific stocks, we freely discuss our business and investment philosophy. I benefitted enormously from the intellectual generosity of Ben Graham, the greatest teacher in the history of finance, and I believe it appropriate to pass along what I learned from him, even if that creates new and able investment competitors for Berkshire just as Ben’s teachings did for him.

To: Shane M who wrote (4577)	5/6/2017 9:49:13 AM
From: richardred	Read Replies (2) \| Respond to of 4690

RE-IBM Becky Quick who has known to become his regular confidant on his CNBC interviews. Curiously she said later on. she thinks if he could have sold it all at 180. He would have. I'm glad I'm not the only one who noticed his out of place composure. He does have a lot going on with the annual meeting. I'm fairly sure it's a talking point he didn't want to come to the BH annual meeting. >they called and asked him why he was selling. That shouldn't be public info at that point. I agree Shane. I'm guessing that's why many big investors like to keep stakes of under 5%. There's no 13d filing. I wonder who his brokers are? Maybe there will be some changes after this? When your in the limelight and have that much stock to sell of a company. It's not hard for leaks & rumors to start on the street. P.S. I've only been to a few annual meetings in Rochester area companies. Mostly notably Kodak when it was in it's heyday. I've never owned Berkshire stock. However that's one annual meeting I'd still like to attend while he is alive. Politics aside, I have much admiration for the man as an investor.