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Back home after a little R&R — unpacking, relaxing, and thinking about the coming next few months. They should be interesting.
The temp has climbed up to 40 degrees, so I am sitting on the back deck — we still have lots of snow for the dogs to romp in, and they are. I am listening to dance hall reggae, sipping some banana rum, and easing out of the Caribbean mindset.
International goings on seem more fast moving, volatile and unpredictable than ever. I have fired up what is probably is my last contraband Havana Cubana — a Romeo & Juliet — as relations with Cuba more like to become normalized over the next year or so than anytime during my lifetime. (Nice smoke)
I grabbed tons-o-snaps while away; I’ll see if I can choose a few select for viewing.
I also have quite a few interesting research pieces in the works.
Should be a very interesting couple of weeks.
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February 26th, 2011 at 3:14 pm
It will not be interesting, America is going down the drain… America RIP, even if this nobody thins otherwise…
“…Commentators today often talk of “great uncertainty.” But think back, for example, to December 6,
1941, October 18, 1987 and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain…”
“…Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly
moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times better than when I was born…”
“…Charlie and I believe that those entrusted with handling the funds of others should establish performance goals at the onset of their stewardship. Lacking such standards, managements are tempted to shoot the arrow of performance and then paint the bull’s-eye around wherever it lands…”
“…A dollar of then-value in the hands of Sears Roebuck’s or Montgomery Ward’s CEOs in the late 1960s had a far different destiny than did a dollar entrusted to Sam Walton….”
“…When I took control of Berkshire in 1965, I didn’t exploit this advantage. Berkshire was then only in
textiles, where it had in the previous decade lost significant money. The dumbest thing I could have done was to pursue “opportunities” to improve and expand the existing textile operation – so for years that’s exactly what I did…”
Winston Churchill once said, “You shape your houses and then they shape you.”
“…At Berkshire’s “World Headquarters” our annual rent is $270,212. Moreover, the home-office investment in furniture, art, Coke dispenser, lunch room, high-tech equipment – you name it – totals $301,363. As long as Charlie and I treat your money as if it were our own, Berkshire’s managers are likely to be careful with it as well…”
http://www.berkshirehathaway.com/letters/2010ltr.pdf
February 26th, 2011 at 3:28 pm
BR: Welcome back. Glad you had a nice vacation. Looking forward to your take on how companies will fare with inflationary expecations baked into their future earnings.
February 26th, 2011 at 6:33 pm
I enjoy a good cigar on special occasions. Looking forward to unsmuggled cigar!!
February 26th, 2011 at 7:38 pm
Interesting indeed – especially if we are in early stages of an oil crisis.
Glad you had a good holiday, BR. Sadly for us relative youngsters who’ll be your age in 30 years, flying on jets for 1 week holidays is going to be impossible except for the very rich. Same reason – the oil problem. I’m not waiting that long to enjoy this golden age of easy travel!
February 26th, 2011 at 8:55 pm
You still get to smoke and drink. I hate you.
February 26th, 2011 at 10:43 pm
Toots and the Maytals?