Hewitt Heiserman

Time stamp this for 2036: $BRK.A $BRK.B has $325B of UST’s. Meanwhile, there's just $80B of bitcoin:native left to mine at today’s price. In theory, new CEO Greg Able can buy the last 920,000 coins and still have $245B of (chronic spendthrift) U.S. debt. He should.

If Greg Abel, Howie Buffett, and Susan Decker want to make $BRK.A $BRK.B great again (like the kinds of co's Warren and Charlie sought), they should pay @porterstansb @Porter_and_Co some A shares to explain at the next directors' meeting when and how the sprawling Omaha conglomerate diworsified. If you own Berkshire, reading "Warren's Mistakes" is a must. @herbgreenberg @DougKass

Since 2011, $BRK's return on capital has averaged a ho-hum ~10%/year, roic.ai/quote/BRK-B/ra…. Now that Abel is in charge, he should distribute 1) 80% of the $380 billion in cash and equivalents, 2) $300 billion of marketable securities, and 3) insurance and its $177 billion float. Then laser focus on the railroad, energy, and Precision Castparts. A smaller, leaner, more nimble BRK is a better BRK.

@RonBaronAnalyst is always @SquawkCNBC's most interesting and inspiring guest. Please share a transcript of your fascinating conversation @andrewrsorkin @JoeSquawk @BeckyQuick.

Only a little more than six years ago the fixed income market was willing to pay 200 times earnings (annualized interest) for the 10-year UST. Now, the P/E is 20 times the coupon (1 / 0.05), which works out to a rerating of minus 90 percent. Brutal.