[Prudent Capitalist]

And the share price just keeps going up, and up!

[bar1080]

Best gift however was the knowledge I gave them of how to thrive with Buffett-type blue chips and Bogle-type index funds.

[Prudent Capitalist]

I suspect you are in a similar situation to us and our kids will inherit plenty, including, perhaps some BRK, which will likely be the last thing we ever tap to make RMD's

[bar1080]

My kids are mad that I bought myself BRK years ago and none for them. They do own SPY, DIA and even the wonderful-performing QQQ

[Prudent Capitalist]

I almost bought a bunch more B shares a while back when I saw an analysis that the B shares were dirt cheap at $400, but they never got down quite that far, and when you have the cost basis we do in those shares $400 still sounded hugely expensive. Guess not, LOL!

[Prudent Capitalist]

Agree. Great thought.

[bar1080]

Too bad Charlie couldn't be here to see the Trillion mark

[bar1080]

Exceptional time for BRK

[Prudent Capitalist]

Berkshire Hathaway Passes $1 Trillion Market Cap for First Time

09:58:15 AM ET, 08/28/2024 - MT Newswires

09:58 AM EDT, 08/28/2024 (MT Newswires) -- Shares of Berkshire Hathaway (BRK.A, BRK.B) rose in early-morning trading Wednesday, pushing the company's market capitalization past $1 trillion for the first time.

[Riverman1859]

Buffet has created super liquidity, tons of cash available to buy assets if mkt turns
Amazing investor

[Canna_Business]

Yellow 6, food dye, found in "Coca-Cola's" Minute Maid Lemonade caused adrenal tumors in animals.

[eastunder]

Has anyone checked on Bar to see if he is still breathing?

[eastunder]

Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall Street
12:30:00 PM ET, 06/03/2024 - Associated Press

NEW YORK (AP) — A technical issue caused the temporary halt for some stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100%.

Berkshire Hathaway, the company run by famed investor Warren Buffett, saw its A-class shares plunge 99.97% to $185.10 from Friday's closing price of $627,400, before its trading was halted. After the shares later resumed trading, they immediately recovered all those losses and shot toward $700,000.

Throughout the halt, Berkshire Hathaway's lower-priced B-class shares, which typically trade in concert with the A-class shares, seemed to trade more normally.

The New York Stock Exchange said in a trading update on Monday that trading was halted “in a number of stocks” following a technical issue related to the publication of some pricing data. “Impacted stocks have since reopened (or are in the process of reopening) and the price bands issue has been resolved,” it said shortly after 11 a.m. Eastern time.

The exchange did not give a full list of stocks affected, but trading of Berkshire Hathaway's A-class shares was halted at 9:50 a.m. Eastern time, just before the NYSE first said it was investigating a technical issue.

It's not the first glitch to hit Wall Street recently. Last week, S&P Dow Jones Indices said an issue prevented the publication of real-time pricing for its widely followed S&P 500 index for more than an hour during Thursday's late-morning trading.

The industry has just moved to a new system where the settlement of stock trades happen much faster than they used to. Now, most stock trades need to settle in one business day after a deal is made, instead of the prior requirement of two days.

The change was suggested by of the Securities and Exchange Commission suggested after the “meme-stock” craze of early 2021 put an incredible strain on the market's plumbing, which eventually led some brokerages to restrict buying of GameStop and other stocks. That caused much anger among their customers.

[Surfacetite]

We need $185 again. LOL

[Prudent Capitalist]

$635,000 for 1 Class A share now and trading has resumed.

[rbl100]

No it did not go through. I am just wondering if it did, what the consequences would be? I assume it would be fair and square. Because if someone is stupid enough to sell lower than market value... then that is the game. It works both ways. So I believe it would be legit for me to keep.

[Prudent Capitalist]

Did your broker actually process a trade for a purchase of 1 BRK Class A share at $185? Chas. Schwab right now showing a last trade of $185.10, a bid of $1.00 for BRK.A and an Ask of $625,000, with 3.500 shares of volume, and a trading range for today of $185.10 - $626,164.28 SMH

[rbl100]

What happens if I got one share at $185? Anyone know ?

[TheRealMrPirate]

$BRK.A What a bizarre day. 🤔

[Prudent Capitalist]

Berkshire Stock Looks Good After Selloff as Book Value Grows on Apple Rally

https://www.msn.com/en-us/money/markets/berkshire-stock-looks-good-after-selloff-as-book-value-grows-on-apple-rally/ar-BB1ndFiZ?ocid=msedgdhphdr&cvid=b3d0f20496aa4f30a4bfc962222518af&ei=20

[UnstableElement]

Buffets mystery stock purchase.... https://www.msn.com/en-us/money/topstocks/warren-buffett-s-berkshire-reveals-its-mystery-stock-chubb/ar-BB1msaN7?ocid=msedgntp&pc=LCTS&cvid=8d8b4f3411ba4ce0a166b6d45adc578c&ei=12

[Prudent Capitalist]

The memorial video tribute to open the meeting was very impressive and moving.

[bar1080]

Berkshire pares huge Apple stake as cash, operating profit set records

"SHM: OMAHA, Neb. (Reuters) - Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion."

Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.Based on changes in Apple's stock price, Berkshire appears to have sold about 115 million shares, or 13% of its holdings, in the quarter, ending with about 790 million."

https://finance.yahoo.com/news/berkshire-posts-record-operating-profit-121448596.html.

[Prudent Capitalist]

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.

[bar1080]

$5,000 would have been around 1988 or '89.

"I REMEMBER WHEN THIS WAS $5000 A SHARE AND I THOUGHT IT WAS TOO EXPENSIVE."

[chrispy2468]

I REMEMBER WHEN THIS WAS $5000 A SHARE AND I THOUGHT IT WAS TOO EXPENSIVE.

[fung_derf]

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  
 

[bar1080]

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.

[Surfacetite]

This stocks headed to 1 million a share. Crazy

[Prudent Capitalist]

Bingo!

He'd love to own both if the gov't would allow it, which it certainly wouldn't.

[bar1080]

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.

[Prudent Capitalist]

But remember that, even though Union Pacific is headquartered in Omaha, right down the street from Berkshires corporate offices, Warren chose to buy BNSF.

[bar1080]

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,

[Prudent Capitalist]

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.

[bar1080]

Jeesh, BRK.A at $599,499.98 ATH
.

[fung_derf]

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.

[bar1080]

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.

[fung_derf]

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.

[bar1080]

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

[fung_derf]

You're getting screwed in index ETF's. Check and see how many actually evenly track the index.

[bar1080]

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.

[fung_derf]

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.

[bar1080]

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

[Prudent Capitalist]

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.

[fung_derf]

Well it has to be something in the portfolio that's public

[bar1080]

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.