Vegas & The Aftermath - Diary

[Tal]

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Cripes!

[AlunB]

There are some properly surprising ones, such as the fact that Pepsi owns Walkers crisps.

[Nakor]

There are some properly surprising ones, such as the fact that Pepsi owns Walkers crisps.

According to Wiki Lays are a $6 billion + company.  Thats a lot of Crisps.

[RED-DOG]

There are some properly surprising ones, such as the fact that Pepsi owns Walkers crisps.

According to Wiki Lays are a $6 billion + company.  Thats a lot of Crisps.

Think of the money they have all ready salted away....

[tikay]

This is for Business geeks ONLY. For those, & those alone, this will take you half an hour or more to digest, but it is a fabulous read.


It is the 2013 "Letter to Berkeley Hathaway Shareholders from Warren Buffett".

If only other Corporate entities wrote so disarmingly, & in such plain language. It's like a lesson in "how to make billions & have fun along the way".


http://www.berkshirehathaway.com/letters/2013ltr.pdf


I must have read thousands of "Shareholder Reports", though not nearly as many as Tighty, Galloway, & maybe Alun B & & our resident Actuary, Mr Doooobs.  Did any of them even get close to this as a jolly good read?

If you enjoy it, there's another 39 of the buggers here......


http://www.berkshirehathaway.com/letters/letters.html

Life really is too short, that stuff is pure gold, if you enjoy that sort of thing. 

[tikay]

Our flexibility in capital allocation – our willingness to invest large sums passively in non-controlled
businesses – gives us a significant advantage over companies that limit themselves to acquisitions they can
operate. Woody Allen stated the general idea when he said: “The advantage of being bi-sexual is that it
doubles your chances for a date on Saturday night.” Similarly, our appetite for either operating businesses
or passive investments doubles our chances of finding sensible uses for our endless gusher of cash.

endless gusher of cash.

Jeez.

Now we know how plinop feels.

[Tal]

I'm not sure there's anything that sounds good when it is gushing.

If there is, though, it would be cash.

[AlunB]

This is for Business geeks ONLY. For those, & those alone, this will take you half an hour or more to digest, but it is a fabulous read.


It is the 2013 "Letter to Berkeley Hathaway Shareholders from Warren Buffett".

If only other Corporate entities wrote so disarmingly, & in such plain language. It's like a lesson in "how to make billions & have fun along the way".


http://www.berkshirehathaway.com/letters/2013ltr.pdf


I must have read thousands of "Shareholder Reports", though not nearly as many as Tighty, Galloway, & maybe Alun B & & our resident Actuary, Mr Doooobs.  Did any of them even get close to this as a jolly good read?

If you enjoy it, there's another 39 of the buggers here......


http://www.berkshirehathaway.com/letters/letters.html

Life really is too short, that stuff is pure gold, if you enjoy that sort of thing. 

Our flexibility in capital allocation – our willingness to invest large sums passively in non-controlled
businesses – gives us a significant advantage over companies that limit themselves to acquisitions they can
operate. Woody Allen stated the general idea when he said: “The advantage of being bi-sexual is that it
doubles your chances for a date on Saturday night.” Similarly, our appetite for either operating businesses
or passive investments doubles our chances of finding sensible uses for our endless gusher of cash.

Confirmed more entertaining than any of the many many annual reports I've had to read. PaddyPower's is normally pretty entertaining though to be fair.

EDIT: Great minds clearly!

[AlunB]

This was a good example  http://otp.investis.com/clients/uk/paddy_power/rns/regulatory-story.aspx?cid=619&newsid=359514

Our Australian business is looking even shinier than Shane Warne's face

[RED-DOG]

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[RED-DOG]

I'm browsing on an unsupported OS here. Liven it up a bit FFS!

[AlunB]

There are some properly surprising ones, such as the fact that Pepsi owns Walkers crisps.

According to Wiki Lays are a $6 billion + company.  Thats a lot of Crisps.

Think of the money they have all ready salted away....

 

[tikay]

I'm browsing on an unsupported OS here. Liven it up a bit FFS!

You should upgrade to Vista.

Oh, wait........

[mulhuzz]

Tikay, in a related but not too similar vein to Buffet's letters, have you ever read Bill Gates' yearly letters?

Obv Gates and Buffet linked closely in that they both want to give their entire fortune away before they die and some of Bill's letters are wonderfully instructive pieces.

http://www.gatesfoundation.org/Who-We-Are/Resources-and-Media/Annual-Letters-List/Annual-Letter-2013

You can select other years in te drop down.

[tikay]

http://en.wikipedia.org/wiki/Muhammad_Ali

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