Amazon's Jeff Bezos just bought the Washington Post

c4yrslf12 said:
True finance? Then you're either for or against. So.. you short BRK? mm?
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err...wat?

i'd never short BRK unless buffett was on his deathbed, but even then, i'd never get in before the big houses. that event will be so huge that individuals like myself would get slaughtered trying to execute trades.

i have better things to do than fight my former employers for shares on the open market. i'd lose.
 


drave said:
bro, i trust his judgement too, but when buffett dies, BRK is gonna tank hard, and he's gonna die soon. his name is the only thing that keeps that stock afloat at its present value.

not to say the 75+ underlying companies don't have value, they do. i'm a finance guy, i've worked on wall street, i'm the biggest disciple there is in the value of what he's amassed, but the difference between market value and actual value is going to get nuts when he passes. i don't know your kids ages, but you're gonna need some significant time for a rebound and i'm not sure the market will ever fully recognize the value of berkshire without his name attached.

i'm a flat buffett groupie and i wouldn't put a dollar in BRK. ymmv. good luck bro.
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Buffett's death has been mostly priced in for awhile now, and it would have to drop at least 35% to come back to where I bought in at so no worries.
 
Unarmed Gunman said:
Buffett's death has been mostly priced in for awhile now, and it would have to drop at least 35% to come back to where I bought in at so no worries.
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i think you're wrong on that (priced-in effect) but i hope you're right. from a value investing perspective (which i fundamentally believe in), you're spot on and i hope the market agrees.
 
ayzo said:
$250 million seems like a cheap price for the authority and influence of a national newspaper like the Washington Post
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not in today's market.

every company / magazine /etc is a massive news publication now, clouding out Google.

only way he cranks cash out that is backdoor contracts..

I'm working on a project now to get my 'big bang' done and it's something like a Huffington Post site.

I'm aiming for millions on sale but realistically, I'll take a few hundred thousand. Long as I can pay for house, cars, in cash.. with good savings left for future taxes and some side stuff, I can re-create as long as the coming crash doesn't tank Google & the web
 
ayzo said:
$250 million seems like a cheap price for the authority and influence of a national newspaper like the Washington Post
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That and it's simply just pocket change to Bezos.

In terms of dollars it's literally like the average person going out and buying an iPad, lol. I don't get a lot of people saying this was a stupid investment. Just put it in perspective... he pulled out his own check book and paid in cash because he could.
 
drave said:
bro, i trust his judgement too, but when buffett dies, BRK is gonna tank hard, and he's gonna die soon. his name is the only thing that keeps that stock afloat at its present value.

not to say the 75+ underlying companies don't have value, they do. i'm a finance guy, i've worked on wall street, i'm the biggest disciple there is in the value of what he's amassed, but the difference between market value and actual value is going to get nuts when he passes. i don't know your kids ages, but you're gonna need some significant time for a rebound and i'm not sure the market will ever fully recognize the value of berkshire without his name attached.

i'm a flat buffett groupie and i wouldn't put a dollar in BRK. ymmv. good luck bro.
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I disagree that the stock will tank if he passes away, the companies that he buys/invest in are run by their own management, fundamentally the company is structured well, a concern would be that the new guys who investment the cash flow from the business won't get the same return as Warren Buffett did over his lifetime. On that concern that stock may drop but it also depends on when he passes away, right now the new future BRK investment managers are investing with small investments and building a track record, if he passes away in 10 years and they've established a track record I think that concern won't be there.
 
SHGDigitalMedia said:
On that concern that stock may drop but it also depends on when he passes away, right now the new future BRK investment managers are investing with small investments and building a track record, if he passes away in 10 years and they've established a track record I think that concern won't be there.
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good point.
 
ayzo said:
$250 million seems like a cheap price for the authority and influence of a national newspaper like the Washington Post
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10 years ago it would have been worth $1.25 billion and 15 years ago possibly double that.

The $250 million cash he paid for it was a merciful ass-kiss to the failing Graham family. Print is dead.
 
maintain said:
Could sell all kinds of Amazon products too. Advertise memorabilia in the sports section, business books in the business section, etc. Huge labor savings too not needing a big sales team to sell the newspaper's ads.
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Then the sales team will blame the economy ;)
 
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