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Breakingviews: Berkshire's Buffetted bonanza

Monday, March 04, 2013 - 03:33

March 4 - Antony Currie and Agnes T. Crane discuss how the Sage of Omaha's stance against paying a dividend looks increasingly at odds with the cash-rich, lower-return company he oversees.

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So we'll Buffett's come up with a shareholder letter and he has made 24 billion for shows in 2012 sounds pretty good -- is. Even sage Vera Miles -- -- -- -- to a sub par help how does that happen between four billion now only have what if you like with the sub par but eventually his magic is like. Does he outperformed S&P 500 replicated in -- by about one percentage point and it's not just last year isolationist if you look over the last four years. They've been like. The sixers a 23 out of four years -- exact right but it average and it's like they're your life. Yes and -- and that's but that's his main camps and so you know again I think in this -- July -- Berkshire -- has a lot of cash balance -- and you know Buffett has talked a lot about do you think they recently that the -- deal but that they have a lot of -- to put to work right. So there's been an agitation for -- game I was saying some of his friends is saying that tomorrow that might wanna pay. You -- -- ratio was different exactly and this is -- I feel attention he. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And if you it's time it's 3% and it take you by. We'll sell sorry three of dissent also of us thought yeah then -- it's an issue to bed and if you we just gave you sort of -- earnings. -- I -- as I read title that -- not she'd given any sort of credit to people getting their money now is this waiting is that almost was metric is quite right but. But every day he say this is what his thinking yes and I and I and I just think it's gonna get harder and harder for. And definitely successor to -- keeps saying this. Pick them I think some investors are in saying hey I can pick up money work and this was an -- and get bigger and let's not forget what he said also that of which was. Let it and don't not many big deals can redeem -- -- needled by some guy you know looking from hindsight deals which he had twelve -- intelligence estimate. Nobody -- Heinz Field may you know is it unusual deal right it was LB oh yeah paired with somebody else. You know again a lot of it cashes in he's putting into her chairs but. When they we're talking about a 22 billion dollar deal last year you know that's that they were looking for making them and -- -- so anything that's gonna make people are already saying that there are -- deals and handle -- won't put pieces don't expect returns in the future to be as good as they were in the process. We -- of -- invest so she can be a regular investors to shift some of 52000. -- then you think he will. But you know because big returns you say their few deals out you a lot of cash. Why don't give -- exactly and I think this is going to be a topic at that shareholders and are also -- an. Compare it some and who's actually negative on Berkshire so that back to that speaker of the panel right what is the first times that is so he's -- -- -- it -- comfortable with the idea that it's that you -- -- time we hit need to wife even though we might be Oprah find you losing streak against -- now he is seated. We no longer record -- trust us again as well thanks so that will be keeping an unknown and I think you'll be going to the shareholder meeting in May as well. I don't believe that we will breaking news tomorrow.

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Breakingviews: Berkshire's Buffetted bonanza

Monday, March 04, 2013 - 03:33