Atlantic TeleNetwork--it's Guyana Telephone Co. (with attendant nationalization risk), and cellular service in Bermuda, where folks are as addicted to cellphones as they are anywhere. Purchased for business viz. valuations, dividend flow.

Bermuda Electric Power Co. Actually, the NASDAQ symbol doesn't work, it's BELCO.BH, the holding company for the Bermuda Electric Light Co. and Bermuda Gas & Utility. Simple Econ 101 proposition: An electric utility, 700 miles from anything, on an island whose demand for electricity is seemingly price inelastic. Yields me in excess of 7% at cost, purchase and current valuation both a fraction of replacement value, a no-brainer if you can put liquidity concerns out of your mind.

Berkshire Hathaway B. Next?

Speculation on my part, for which I have a 30 point hook. I have no problem holding it, for the long ride back.

China Yuchai Intl Ltd. China's largest producer of diesel engines. Another hook, just needs more patience.

Used to own more of this, sold majority of stake viz. valuation concerns. Bulk carrier, large dividends, still have valuation concerns...holding onto a stub of what I once owned. Primary reason for original purchase is that Seth Glickenhaus owned a slug of it. Nuff said!

Foremost owner/operator of VLCCs on earth, and John Fredriksen's masterpiece. When I got in, p/e south of 5x, dividends positively lumpy and gigantic, SFL spinoff positively huge. Fredriksen treats his shareholders as a loving father would dote on his children.

Keytech Ltd., holding company for the Bermuda Telephone Company. Again, another monopoly with a 700 mile moat, good dividend, fine valuation when I purchased it, and an excuse to make telephone calls in Bermuda.