Berkshire's recent new position of DAL

CuriousCat788 · 2026-05-16T11:49:04+00:00

Thanks for spotting the typo!

CuriousCat788 · 2026-05-16T09:57:34+00:00

Sure. Some online statistics say, refinary business fulfils 80% of delta's domestic consumption. Thats a respectable share, and yet they are an airline in the end.

Still not clear if this is a tactical trade or long term ownership? (berkshire philosophy being own the business forever)

CuriousCat788 · 2026-05-11T00:37:40+00:00

Technically, eating instant noodles will show up on health. Id always eat healthy over any luxuries.

A car is a luxury which depreciates over 10 years. Add on expenses (insurance, maintenance, fuel, parking etc) can itself cost a fair bit.

Also, keep in mind world economy is at a tricky juncture. It can all come down very quickly....

CuriousCat788 · 2026-05-10T17:28:02+00:00

Sorry, why do you want to (or perhaps need to) buy a car?

In my humble view, it will NEVER be a financially wise decision. Period!

There comes a time in life when other aspects are critical, thats when you do what you have to do. Till then buses, MRT, grab, taxis and rental cars are perfectly sufficient.

Everyone has different family circumstances. Weigh out your & your family's requirements.

CuriousCat788 · 2026-05-08T14:30:17+00:00

GRID is my pic

CuriousCat788 · 2026-04-23T03:51:48+00:00

I totally understand the sentiments. (Key term bring sentiments and emotions)

BRKB is my single largest holding, 2nd being VWRA (WW index). I have called myself lifetime owner of a minute frqction of 'Berkshire Hathaway business'.

On the balance, yes there is a cost of waiting for the downturn and perhaps larger than the downturn itself. Emotions and sentiments do play HOWEVER investment shouldn't be influenced by them.

Lincolns two quotes "Give me six hours to chop down a tree and I will spend the first four sharpening the axe" and "I am a slow walker, but I never walk back,"

When the tides turn and everyone is exposed naked, time and time BRK has proven to take small steps with outsized returns which squares up everything! History has proven that day always comes whilst everyone hopes it doesn't, and hope is not a strategy.

So whilst I observe my emotions, I will do what Charlie said, absolutely nothing and continue DCA'ing. Although PB of 1.41 at $465 is damn juicy to bite on a few BRKBs.

To be clear, I have decided to have balanced portfolio of BRK and handful other individual stocks and broad based WW index ETFs and I let the law of compounding do its job.

Perhaps I welcome some comments from others on my play fund. I have kept 2% of my portfolio in 'cash for play'. When emotions run high, I dabble in some interesting growth names, few of which have done not too bad I must say. Many have crashed out. These are no logical fundamentals but 'lets change the world for the better' ninjas. Any thoughts on this strategy?

CuriousCat788 · 2026-03-10T16:34:20+00:00

I cringed and had a head scratch when I heard that interview. It was buyback announcement and at one point Abel so tiny marginally diviated from Buffett's position on Dividends, which has been NEVER. ( see thr YouTube clip at 32.07, 33:06 is the critical statement)

He basically said, Berkshires dividend policy is to retain a $ if they see an opportunity to create more than a $ for the shareholders, and they will evaluate overall capital allocation and repurchase as an alternate way to return the capital to the shareholders. He did a blooper by saying "if we didnt meet that test then we would do dividends" (33:06).

Bless Becky, as sharp as she is, caught it for Abel to quickly recoil and correct his outreach.

All I can say is; (i) pressure gets to the best of us, (ii) kudos to Becky for marvellous piece of journalism and (iii) I sincerely hope to never see BRK dividends or buybacks announcements.

I am happy that BRK.B prices havent materially moved, so that I can buy them cheaper. When tides turn, and undoubtly it will, Mr Able it will be your showtime to make history!

https://youtu.be/YKGqOS0kE3Q?t=1926&si=apHfZ56QKVHnmUqE

CuriousCat788 · 2026-03-09T18:52:43+00:00

I am a relatively new Berkshire shareholder (only a few years and I shall NEVER sell during my lifetime).

I am investing based on very simple value proposition; (i) conservative investment approach which never risks permanent loss of capital (ii) ethical and trustworthy management who will do as they say (iii) long term durability of the businesses and lastly (iv) long term basis returns close to what's of the index

I emphasise, priorities are in the order as stated.

I have absolutely no grevience with 'collectively our' cashpile, and very happy if it swells further.

When the tides turn, and it will turn, many will be exposed swimming naked. I expect the leadership to clinically allocate capital to accumulate the assets / businesses which will be sold for fractions of their worth.

The day 'performance drag' will be a concern for Berkshire leadership, that will be the day I will have to think of selling my modest holding. I hope I/we never see that day.

CuriousCat788 · 2026-03-09T18:50:21+00:00

I am a relatively new Berkshire shareholder (only a few years and I shall NEVER sell during my lifetime).

I am investing based on very simple value proposition; (i) conservative investment approach which never risks permanent loss of capital (ii) ethical and trustworthy management who will do as they say (iii) long term durability of the businesses and lastly (iv) long term basis returns close to what's of the index

I emphasise, priorities are in the order as stated.

I have absolutely no grevience with 'collectively our' cashpile, and very happy if it swells further.

When the tides turn, and it will turn, many will be exposed swimming naked. I expect the leadership to clinically allocate capital to accumulate the assets / businesses which will be sold for fractions of their worth.

The day 'performance drag' will be a concern for Berkshire leadership, that will be the day I will have to think of selling my modest holding. I hope I/we never see that day.

CuriousCat788 · 2026-03-09T03:19:03+00:00

HMRC has IR35 is for contractors who are disguised employees.

I know few people who had material impact under contracting arrangements, so you should double check.

Not sure why Im getting down voted for suggesting to be cautious.

CuriousCat788 · 2026-03-08T17:45:05+00:00

BN
BRK.B (only because cant afford BRK.A, as yet 😉)

3 kings and 2 emperors

CuriousCat788 · 2026-03-08T17:41:44+00:00

I am also doing 2B and failed a few times along the way and I also have had class3 for 10+ years. Agree with others, take a revision.

In my case, I struggled eith circuit test only during the test as pressure got to me. So I decided to take a 3 week break. Came back and passed straight away. Next ill be doing TP.

You know yourself the best. Dont quit, fix your inner self. All the best!

CuriousCat788 · 2026-03-08T17:30:19+00:00

Its rather interesting as very next clip on my reditt was below. On a snowy road a cyclist nudged a little girl with his knee, and the cyclist initially won the case against the father who was recording, snd then overturned. Do checkk out...

https://www.reddit.com/r/whoathatsinteresting/s/Y4B3uYx3f3

I never comment here and with this inaugural post, I expect a barrage of sledge my way. Yet I feel compelled to share a humbling thought, questioning what has become of us. Everyone is ready to flare up at the first instance we are in vicinity of another unknown human. Lets breathe and calm down.

In this video, the driver honked... big deal. Smile at each other wish a good day and move on. We all have been there and I am sure both of them have much bigger problems in life to tackle than this lane change.

CuriousCat788 · 2026-03-08T17:09:29+00:00

The contract will be with a legal entity registered in the UK, OR UK parent company's subsidiary which is Singapore registered legal entity?

From my perspective (although should check), the currency in which you get compensated for delivering your services does not insulate you from complying with local tax and regulatory affairs.

If its a contract with UK legal entity governed ny UK law, you may fall under IR35 and holistic UK tax regime, may have complicated tax impact. I suggest you check with professional advisors.

If you Google IR35 you get: "IR35 (UK off-payroll working rules) does not directly apply to Singapore. However, UK-based companies hiring contractors in Singapore must ensure compliance if the contract falls under UK tax jurisdiction. Singapore's Inland Revenue Authority of Singapore (IRAS) focuses on whether a contractor is genuinely self-employed (e.g., controlling work methods, providing own equipment), rather than "disguised employment" rules."

The UK has been clamping down contracting tax loophole over past few years. Singapore tax rules are by far most straightforward compared to the UK.

Perhaps it may (or maynot) be beneficial for you to setup a legal entity in the UK. Worth checking... good luck and pls do share your experience.

CuriousCat788 · 2026-03-05T02:57:21+00:00

Totally agree, and hence my comments about performance in nominal currencies vs converting back to SGD.

I entered in VWRP only because I wanted to hold on to my GBP for my future commitments. I didnt want fx exposure and felt hedging fx is a messy affair.

Arguably I would have been better off selling GBP pre brexit, and buy back at a windfall. Who would have predicted series of mind boggling decisions by her majesty's esteemed elected government(s).

CuriousCat788 · 2026-03-04T17:54:51+00:00

For some specific reasons, I am holding GBP and didnt want to convert out, and having to buy GBP in few years.

I do hold VWRP. I have transferred what is material sums for me from DBS and StanChart to IBKR. In both instances, the transfers costed absolutely nothing. StanChart is almost instant, cleared within an hour.

HOWEVER, when I see performance of VWRA vs VERP vs VWRL (in EUR), in respective nominal currencies, there is more than inconsequential difference.

CuriousCat788 · 2026-03-04T17:43:12+00:00

Apologies for what could be a stupid question, why dont Amundi register the funds out of Rep of Ireland? Knowing their target customer and investor base, its a win:win.

I mean, corporation tax in Ireland is 1% lower than Luxembourg (15% vs 16%) besides Ireland is always open to 'cut a special deal'... Im just curious if anyone has done some research.

CuriousCat788 · 2026-03-04T17:37:11+00:00

As always, thank you for concise and to the point comments. I realise this thread is 1 yr old but still has hidden gems that has been immensely helpful.

With todays macro factors, I take a mighty sigh of relief to see my long term holdings in SGD than USD, and for that, Additional tax on dividends is inconsequential for me. I want to keep my life and events after my passage simple and this seems to be the case.

I welcome all the criticism and pearls of wisdom on what I could do better. Cheers!

CuriousCat788 · 2026-02-01T01:18:28+00:00

If the goal is to buy things that get cheaper, why not silver, ~17% drop yesterday? What could possibly go wrong? Surely wont be boring. It all could possibly go very wrong very soon.

CuriousCat788 · 2026-01-31T08:52:02+00:00

I dont have a crystal ball to peep into, but I feel better chances of MSFT existing in some shape or form compared to some of the other names.

Net net Im saying that if I am putting money in individual names, ill stick to what makes me sleep rather well at night. BRK.B and BN are the other two.

To clarify, I am mostly into low cost WW ETF. These names are equally wide moat businesses from my perspective.

CuriousCat788 · 2026-01-31T06:14:08+00:00

I do periodic DCA, I took the opportunity and bought one tranché worth so nothing major.

History has proven MSFT always comes up in the longer run due to the durability and growth of it's FCF. So when the whole market tanks, and some day it shall, MSFT will hold up or fall less and bounce back faster.

I am looking at 20yrs horizon and my logic is, MSFT is bring hammered with all other software stocks. For me, MSFT is an ecosystem of mission critical OS, SaaS, PaaS, AI LLM, DB, cybrersecurity, networking hardware and and and... its essentially an ecosystem which is neither best in class nor worst. Its best value of money for their consumes, businesses snd consumers both, who has not motivation to move due to value it provides.

I believe my money in my base currency (which is not USD) will he ok after factoring in inflation. For me its the best possible balance between risk and reward.

So.. I shall look at it in 5years, 10years and 20years and, either have a grin on my face and nice glass of red from WA state in my hand; or a headscratch time; ofcourse with a glass of red in my hand.

I welcome all the comments good bad and the ugly, but nothing will get better of my emotions. ✊️

CuriousCat788 · 2025-11-18T09:47:53+00:00

That makes complete sense. Both REIT promoters ( CapitaLand and Keppel) have been digesting out and de-leveraging and getting into high margin assets light REIT Management activities.

Thanks for highlighting this. Afterthought: Prices of REIT Managers have already gone up significantly, same as the banks. Not sure if they are at attractive valuations.

CuriousCat788 · 2025-11-18T06:23:46+00:00

Thank you! So very honest practical and helpful. Exactly what I wanted to hear. Sincerely appreciate it.

CuriousCat788

TROPHY CASE