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The day after the 1987 crash you could buy a BRK A share for around $1,700. or at least in the $1,700's. I remember being on the phone with a client who said he bought a couple in his IRA.
$5,000 would have been around 1988 or '89.
"I REMEMBER WHEN THIS WAS $5000 A SHARE AND I THOUGHT IT WAS TOO EXPENSIVE."
I REMEMBER WHEN THIS WAS $5000 A SHARE AND I THOUGHT IT WAS TOO EXPENSIVE.
I'm surprised to see Charlie had a relatively small position in Berkshire. At least compared to Warren.
Buffett (Warren Edward) 38.24 216,687 -1,600 -0.73 21-Nov-2023 13D 119,134.54 Low Individual Investor United States
Fidelity Management & Research Company LLC 5.85 33,168 0 0.00 31-Dec-2023 13F 1,774,915.86 GARP Low Investment Advisor Boston United States
First Manhattan Co. LLC 3.02 17,130 211 1.25 31-Dec-2023 13F 28,902.43 Deep Value Low Investment Advisor New York United States
Bartlett Wealth Management 1.11 6,314 6,237 8,100.00 31-Dec-2023 13F 9,516.52 Deep Value Moderate Investment Advisor Cincinnati United States
Norges Bank Investment Management (NBIM) 0.93 5,288 -619 -10.48 31-Dec-2023 13F 1,096,412.63 Core Value Low Sovereign Wealth Fund Oslo Norway
Munger (Charles T) 0.74 4,170 -100 -2.34 08-Mar-2023 Proxy
I hadn't given a million any thought (as I own the B shares), but at the rate it's soaring lately, a million might arrive in a few years. BRK.a is already up >15% since January 1.
This stocks headed to 1 million a share. Crazy
The subject of BNSF vs UP comes up occasionally at the annual SH meeting Q&A session in Omaha. Shareholders have asked Warren why UNP's numbers are often somewhat better than BNSF's. Buffett has made it clear that he thinks UP's a damn well run operation.
He'd love to own both if the gov't would allow it, which it certainly wouldn't.
I like RRs, the ultimate moat stocks.
But remember that, even though Union Pacific is headquartered in Omaha, right down the street from Berkshires corporate offices, Warren chose to buy BNSF.
Cat (see below) is spectacular. My similar DE has been almost as good. That's one Buffett should have held onto with his son Howard's connection to Deere and farming.. But large and mega cap blue chips in general have been the place to be in the past few years. My son just bought some Union Pacific at $200; it's now $250. I told him that was a "Buffett stock" for sure. The bulk of my money has been in large cap index funds for decades. Only small caps and microcaps have lagged and I leave those for our local penny stock gamblers,
What a great country! Several of my other holdings have also been hitting new ATH's on a daily basis of late, e.g. CAT, NUE....... Just imagine where BRK would be if Warren had bought all of CAT and NUE years ago.
You are aware I track and chart stuff, right?
I don't care what your sons do. I'm telling you the facts.
You don't see it as much in S&P index ETFs, but it's more apparent in some of the 2X bears and bull stuff.
If you wish to disagree with me, that's fine. But I can do without all the histrionics. Your engineer and CPA sons I'm sure don't have the time to track investments like I do. Just as my supervisor of engineers daughter just calls me for help with her investments.
And you've admitted you are a buy and hold guy.
Most ETF's are merely Hedge funds in drag.
LORD! Indexes track exactly, but index FUNDS ALWAYS have some microscopic tracking error.
Indexes can't be bought directly so an investor can only approximate them via a fund like a mutual fund or an ETF. Variation in stock weighting and rebalancing is inevitable. Also funds must keep cash reserves for redemptions. Those reserves will be a slight drag in rising markets and a benefit in falling ones. Even buying all 500 (or more correctly 503) stocks in the S&P won't produce a perfect match.
I really try to help IHUBers, often uninformed gamblers, but it's not easy.
I bought my first Index fund around 1990 when very few people knew of their advantages. My two sons -- an engineer and a CPA -- have had money in index funds since right after they were born. Now, as adults, their retirement money is mostly indexed, and they have no interest in changing that.
If you say so.
You can check it out for yourself.....you also could be a tad less condescending, especially since you seem unaware.
Indexes don't track exactly....especially the ones that follow certain sectors.
That's an asinine post for the ages! You need to tell Buffett that BRK's getting screwed by owning VOO and SPY. He could certainly create his own "index funds," but not cheaper than those two nor with greater liquidity.
You're getting screwed in index ETF's
You're getting screwed in index ETF's. Check and see how many actually evenly track the index.
Okay, just remember there's a strong correlation between low portfolio turnover and good portfolio performance. No one is more transparent than I am. Most of my money is index etfs, some held as long as 35+ years, and so tax efficient.
Watching charts is just leading you to trade too much.
If you are curious about what I'm buying, I post them on the board below AS I'M BUYING typically....or as I'm selling. All quite transparent.
https://investorshub.advfn.com/Derfs-Grotto-1450
If you want to avoid my contemplating life posts, just read the ones with this symbol ....Ð.....in front of them. That's the FD insignia.
Not extraordinary, but BRK's Beta is less than one with all its cash and its sleepy mega-cap blue chips. Zacks places its 5-year beta as 0.86. https://www.zacks.com/stock/research/BRK.A/company-reports
Or just the incredible array of valuable assets BRK owns and operates, as well as its large and vast investments. +1.39% is not extraordinary on a day like today when the market indices are hitting new all-time highs.
Well it has to be something in the portfolio that's public
Don't know. BRK did rise thru its all-time high this morning and surely got some publicity for that. Or maybe Buffett talked with some IHUBers and decided to post PRs on penny stock websites.
What is driving BRK today? It's certainly not KO or AAPL.
BRK.A adds shares of SIRI
https://whalewisdom.com/filing/berkshire-hathaway-inc-4-2024-01-04-212623-0500-lsxma
Another thing, Buffett was concerned about the amount of cash required in a split to buy out fractional shareholders. Also the resulting fractional shares may produce taxable events for some. I wrote about that a few years ago.
Thanks Bar. Had to do the split to maintain affordability.
"So in 1996, chief executive officer (CEO) Warren Buffett and the board responded by issuing 517,500 shares of Class B shares. This allowed anyone interested to invest in the company for 1/30th the price (and equity) of a Class A share of stock. "
A 50-to-1 stock split in 2010 sent the ratio to 1/1,500th, which means each share of a Class A common stock was convertible at any time to 1,500 shares of Class B common stock.
"Class B shares carried correspondingly lower voting rights as well (of the voting rights of a Class A share 1/200th of the per-share voting rights. later changed to 1/10,000th) and Buffett marketed Class B shares as a long-term investment and as an open-ended offering, so as to prevent volatility as a result of supply concerns.
https://www.investopedia.com/ask/answers/021615/what-difference-between-berkshire-hathaways-class-and-class-b-shares.asp
"as the B shares have always been tied to being worth 1/1,500th of a Class A share." I think the A to B ratio was changed twice. Don't have the energy to research it now.
It's been 1500 for many years tho.
I'm pretty sure I remember $1000 per share when I bought them.
Cannot be Bar. Class B shares have always been 1/1,500th of 1 A share, and have never sold for that price. Ot they must have re-structured everything later at some point as the B shares have always been tied to being worth 1/1,500th of a Class A share.
99% of IHUBbers who would have bought BRK cheaply would have "grabbed their profit" after perhaps a 15% gain,... because that's what stock gamblers do. IHUB has very, very few true investors.
"The More You Trade, The More You Lose" © Bar1080"
The Class B IPO price in 1996 was about $1,100. It's in that prospectus
https://www.sec.gov/Archives/edgar/data/109694/0000898430-96-001695.txt
From the prospectus you posted.
I bought 11 shares I think when it first came out. Wasn't it $1000 per share?
Is it that quote from 1996?
The 1996 IPO of class B share. "PROSPECTUS
DATED MAY 8, 1996"
https://www.sec.gov/Archives/edgar/data/109694/0000898430-96-001695.txt
This from Quora seems accurate:
"Berkshire Hathaway was in business since the 1830s. "Its stock was traded prior to the establishment of the SEC and the registration requirements in the 1930s, so it never filed for an IPO as companies now do."
The SEC was created in 1934. Likely original Berkshire shares were first issued in certificated form under state law to a handful of company insiders and traded OTC very thinly. I made a page to explain the "B" shares which were created in 1996 in connection with BRK's huge acquisition of the BN railroad.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146064107
When the B shares first came out. Gotta read the whole thread before criticizing.
I was first made aware of Berkshire around November 1992 I believe(maybe it was 1993?). It was teetering on $9900 per share.
??? How old are you? "I had bought shares of it when it first came out, " Berkshire Hathaway dates back to the 1830s, Buffett started buying in the around 1960s when it was a textile mill and shirt maker trading OTC. You can find varying dates on this but mostly unreliable info from Quora, and such.
From Nasdaq.com
"If you invested $100 in 1965...
When Buffett took control of Berkshire Hathaway in 1965, shares were valued at about $19. Today, Class A shares trade for around $459,800, which represents a mind-boggling return of 2,419,900%. That means $100 invested in 1965 would now be worth roughly $2.42 million."
See this from Quora which seems accurate:
"Berkshire Hathaway was in business since the 1830s. Its stock was traded prior to the establishment of the SEC and the registration requirements in the 1930s, so it never filed for an IPO as companies now do."
https://www.nasdaq.com/articles/if-you-invested-%24100-in-berkshire-hathaway-in-1965-this-is-how-much-you-would-have-today
I've heard BRK didn't list on the NYSE until the late 1980s but -- surprisingly -- I can't find anything I'd bet on.
Welllllll....maybe. I did take the money and bought AMZN, MSFT, NFLX and a several others over the years.
I was never a fan of the limitations of Berkshire, which was, no dividend and too difficult to sell.
You should be regretting it. Check out the charts. folks who got in with Buffett on the ground floor at $10,000 are now worth hundreds of millions.
I did miss that and I appreciate the heads up, but honestly, I believe if I were to buy back in now, it would kill Warren.
I had bought shares of it when it first came out, but sold them long ago to diversify further into tech stocks. I don't have any clue what I bought with that money, but I'd be so curious to know if I should be regretting it.
BTW, of your list, XOM looks like the only one headed down at the moment. I'd probably sell mine if my cost basis wasn't so low.
I bought it back in 2003, and don't need the tax hit at the moment. The smart move would be protective puts actually.
Yeah, I own most of those as well and they've been steady, I'm just basing my belief on the quick big jump you rarely see unless a stock is added to something like the INDU or the SPX or BRK.
And fung: In case you missed Bar and my posts on the other BRK.B board, the B shares have for some reason been trading at a 2.5 - 3% discount to the A shares. So, according to Barrons and others BRK.B shares are essentially on sale, as they are designed to be worth 1/1,500th of a Class A share. Just pointing this out for you.,
Howie also has a long connection with ADM.
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Berkshire Hathaway, Inc NYSE: Symbols BRK-A Class A shares BRK-B Class B shares | Berkshire Hathaway, which began in 1839 as a textile mill, neared collapse in 1962 when 32-year old Warren Buffett started buying control in the belief the company could be saved. Buffett initially maintained Berkshire’s textile business, but by 1967, he was expanding into other investments. Berkshire bought stock in the Government Employees Insurance Company (GEICO) that now forms the core of its colossal insurance operations. Other early acquisitions included See's Candies, Blue Chip Trading Stamps and Dairy Queen. BRK moved from the OTC to the NYSE in 1988. Today Berkshire is a combination of 66 wholly owned subsidiaries such as the BNSF Railroad and 47 passive minority investments, notably its huge stake in Apple. As of 2021, BRK has a market cap of >$600 billion and 360,000 employees. Berkshire Hathaway is the nation's 7th largest business. |
Useful Links Berkshire Subsidiary Companies Buffett's Famous Annual Letters BRK Portfolio Tracker CNBC Buffett Archive http://www.BerkshireHathaway.com/ Buffett's office in Omaha. His desk has no computer Headquarters Address 3555 Farnam Street Omaha, NE 68131 a | |
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