Thanks for that. I appreciate various viewpoints. It’s an extremely interesting way to present BRK, but certainly someone who don’t really understand BRK all that well. Of all First, minimal supervision from HQ seems irresponsible, complacent, or whatever, but this is very misleading. First of all, the insurance companies are controlled and are without doubt audited frequently by insurance regulators highly. They also make a lot of filings beyond the SEC requirements. Second, Buffett says he doesn’t micromanage, or whatever, but that doesn’t mean he could be not watching.
He himself said that he gets sales reports every day or weekly and he looks at it meticulously. Also, he gets all the money from the subs, so he could be much more aware of what’s going on at the various subs than he enables on. If something cool is happening, he’d known long before any outside accountant can amount it out.
Finally, the BRK table of directors is a board I’d trust more than any board I can think of. BRK always results lower in governance issues, and it is laughable why they score low. BRK is a company that doesn’t fit the usual corporate model so can’t be evaluated like a normal business.
February 9 – Bloomberg (Maria Tadeo): “Central banking institutions’ ultra-loose monetary policy is putting the overall world economy at risk, said William White, a senior adviser to the business for Economic Cooperation and Development. Negative rates of interest and quantitative-easing programs from the U.S. Japan may have unintended part effects such as higher debts levels for both consumers and sovereigns, said White, who leads the OECD’s Economic and Development Review Committee. Central bankers have been dragged away from their focus on inflation as the government’s battle to generate sustainable growth, he added. February 11 – New York Times (Landon Thomas Jr.): “Imagine if the bazooka is capturing blanks?
- All mutual fund accounts’ total market value
- ▼ 2008 (80) – ► December (6)
- Analysis and recommendations of shares and bonds
- The concept of “not within the next 30 months”
- Studies in Computer Science or related areas
- 100,000 names purged from WV voter registration rolls, check your sign up online
February 7 – Wall Street Journal (Anjani Trivedi): “Central banking institutions in some rising markets are stepping up efforts to flood their financial systems with cash, highlighting the pressure that they face from fast capital airline flight. 1.year 2 trillion well worth of international private capital flowed into growing marketplaces each, based on the IIF.
February 12 – Reuters (Rajesh Kumar Singh): “India’s retail inflation unexpectedly edged up to 17-month high in January, december while commercial production contracted at a faster-than-expected pace in, underscoring imbalances lurking in Asia’s third-largest overall economy. Retail prices rose 5.69% on 12 months in January, August 2014 their fastest pace since, Friday authorities’ data showed on.
The rise weighed against a 5.4% increase expected by experts in a Reuters poll and a 5.61% annual gain in December. February 9 – Bloomberg (Robin Wigglesworth): “This past year was a terrible one for ‘risk parity’, once one of the hottest strategies in the investment world, as losses installed and some analysts blamed it for exacerbating market turbulence. So far 2016 has offered little respite. At its core, the risk parity strategy is about balance.
February 10 – CNBC (Nasos Koukakis): “Renowned account managers who invested hundreds of millions of dollars in the stressed Greek banks are stuck in uncertainty triggered by the political advancements in Greece and global financial turmoil. 11.3bn) of capital in the Greek bank operating system within the last couple of years.
4.45bn) values of funds into the Greek bank operating system. 25 billion over the past decade, said market turbulence might spur traders to flee such wagers. February 9 – Reuters (Michael Nienaber): “German industrial output plunged in December at the steepest rate in 16 months and exports unexpectedly dropped, in an indicator that Europe’s largest economy ended 2015 on a weak footing. February 10 – Reuters: “Europe’s top four economies experienced steeper drops in commercial output during December than any analyst acquired forecast, a grim indication for the global economy as it struggles to maintain momentum.
February 11 – Wall Street Journal (Takashi Nakamichi): “A close adviser to Prime Minister Shinzo Abe said Friday that the Bank of Japan may call a crisis meeting to attempt additional financial easing if financial markets stay turbulent. Etsuro Honda, a previous finance ministry bureaucrat, said the federal government needs to hold off a sales-tax increase planned for next 12 months and really should consider yet another fiscal stimulus deal. Mr. Honda’s remarks, made during an interview with all the Wall Street Journal, underline an elevated sense of urgency among Japanese plan makers as the yen’s resurgence and plummeting stocks and shares threaten to help expand undermine an already fragile economy. February 10 – Reuters (Daren Butler): “Turkish President Tayyip Erdogan upbraided America for its support of Syrian Kurdish rebels on Wednesday, saying Washington’s inability to understand their true nature had turned the region into a ‘sea of bloodstream’.