by Travis Johnson, Stock Gumshoe | April 30, 2016 7:50 pm
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Thanks so much Travis. Enjoy your time away.
In Omaha w/ Warren and Chalie
Watched the yahoo stream of the BH meeting from the comfort of my couch. Warren was informative as usual. He seems to enjoy explaining how to be a good investor irregardless of the question asked.
One cannot discount Charlie Munger’s spunk at 91 and his acerbic wit, My favorite line was when he said our competition pretends they are environmentalists. The very idea that these two men are shepherds of the truth is outstanding . I am impressed with Charlie’s ability to down a box of See’s peanut brittle in it’s entirety.
What a great business school are these two? The lessons flow quickly and without much ado. My biggest takeaway is that it is a good idea to make all business relationships a win-win, whether you are dealing with a sale to a customer or a purchase from a supplier. The BH boys feel like it builds good will to pay supplier’s in a timely manner.
No wonder the original $19 dollar share are worth in excess of $200K.
Thanks for sharing your initial response to the meeting. I look forward to hearing more of your musings on the annual event.
God isn’t insurance, reinsurance excitingly boring? Good a.m 2 u Travis. Been to Dr Kss this am. Not a lot going on there. is up 15% $ i’m long Sarepta
And Hi jumbojjumbo. u’re probably @ work now?
$SRPT
I’d be interested to hear more of your thoughts about Grenville Strategic Royalty. This is the first I’ve heard of it, but after reading their most recent earnings, it sounds like they’ve got a decent thing going on. I see you’ve put them next to AAPL in your discussion, so what’re your thoughts and feelings on GRVFF?
Have held them for a while, I’m planning on taking a longer look later in the week — I like the model, but they had a rough quarter that had a few warning signs in it.
I read their report where they admitted to the rough patch, and said that it was due to the current climate of the market, and the fact that there aren’t a great number of opportunities for contract buyouts at the moment. Does this acknowledgment affect your outlook? To me, it suggested that they’re at least more likely to take the proactive steps to offset the damage. Also, what’re your thoughts on the managerial deck shuffle? Thanks Travis, and have a good one!
I love to read about Warren and Berkshire. My sister works for bk realestate. I totally admire his intellect for investing. My self I got caught up by ctgle and am stuck with 8 thous shred that are worthless. I was new and the pump n dumps got me. Enjoy this site. Travis is great.