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I feel very safe with my substantial holdings in BRK B shares fung. I consider it a forever hold so to speak, i.e. "set it and forget it". My cost basis is well under $50 per share
It's going to affect the insurance biz as well.
BRK only has one major bank holding as of end of last Q, a lot of BAC.
It merely starts with the banks. Soon another bailout, then inflation again.
I keep a close eye on the Shanghai Index. I predict one day China replaces the U.S. as the world's economy.
I own quite a bit of bank stock that I've owned for a looooong time and can't afford to sell, unless I move it all to my CRT.
All 8 banking stocks in my Finviz paper portfolio of major banks are way off today. About 4.3% on average. I don't own any bank stocks, but every investor should follow that sector, especially now. Glad to see that Buffett trimmed his bank holdings in recent years.
Even this stock isn't safe. Sadly, the only thing going up today is gold. And you know what that means....
"Berkshire to beef up risk disclosures following_SEC_request"
"(Reuters) - Berkshire Hathaway Inc agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a better job.
In correspondence made public on Tuesday, the SEC's division of corporate finance asked Berkshire to "enhance" its risk management disclosures in its annual proxy filings, and Berkshire agreed to make the requested changes.
Despite Buffett's legendary status as an investor and manager, some analysts have long urged the billionaire's Omaha, Nebraska-based company, whose market value is about $670 billion, to disclose more about itself."
"t also asked Berkshire to address whether its lead independent director can override Buffett on risk matters or ask the board to consider them."
"The SEC made its requests in a Sept. 2, 2022 letter, and Berkshire Chief Financial Officer Marc Hamburg agreed to them six days later."
https://finance.yahoo.com/news/berkshire-hathaway-beef-risk-disclosures-234012183.html
This is not a typical company.
Son Howard Buffett is 68 years old and is currently on the BRK board. .
"There is a very well-developed succession plan in place." Yes, a far better succession plan than at 90% of public corps.
It would help if IHUBbers realize BRK has >120 operating divisions with 370,000 employees.
"And, if BRK shares go down the day after Warren's death" All that has to be done in the event of a worrisome stock drop is to mention BRK mgmt is thinking of initiating cash dividends or perhaps splitting the A shares." Many observers expect BRK to pay normal dividends once the original group of Omaha billionaire investors have died off.
There is a very well-developed succession plan in place. Nothing will change, and Todd Combs and Ted Weschler will assume all investment duties and Greg Abel becomes CEO. Howard Buffett, a very accomplished businessman and investor becomes Chairman of the board. And all of the investments and vast network of operating companies do not skip a beat.
And, if BRK shares go down the day after Warren's death I will be a huge buyer.
The article says converting from class A BRK to class B BRK wouldn't be a taxable event, which sounds right. Surely many have gone that route over the years so the tax consequences should be known with certainty. Contact BRK headquarters and ask them.
Those with huge BRK-a holdings might want to request a binding IRS ruling on the question. It won't be fast.
I've often wondered what happens when Warren dies....
Essay on "The Case for Splitting Berkshire’s Class A Shares"
1.Berkshire does not pay a dividend, justifiably so in my view, but this means that the only way shareholders can obtain liquidity is to periodically sell shares.
2. A longtime Class A shareholder who needs a modest amount of liquidity will not want to sell a Class A share because doing so will incur a capital gains tax on the entire amount of the gain. As a result, the Class A shareholder will opt to convert to 1,500 Class B shares and sell only the number of Class B shares required.
3. A longtime Class A shareholder who wants to take advantage of the $16,000 annual gift tax exemption has no choice but to convert his Class A share to 1,500 Class B shares and give away Class B shares.
4. A Class A shareholder who owns stock in a traditional IRA account may be compelled to convert to 1,500 Class B shares in order to take annual required minimum distributions
https://rationalwalk.com/the-case-for-splitting-berkshires-class-a-shares/
Most obscure Buffett stock perhaps, Golub Capital, a bdc in the New England Asset Management (NEAM) portfolio.
https://www.fool.com/investing/2023/02/27/warren-buffett-stock-dividend-yield/
All very interesting. However AI will just replace humans. Doesn't anyone watch Terminator?
Charlie Munger addressed the Daily Journal Corp [Nasdaq: DJCO] annual meeting a few days ago. Here are 15 highlights. The Daily Journal is a publicly owned LA newspaper/software company that Charlie's been associated with for many years. It has no connection with BRK or Buffett.
"(1) Even though Charlie Munger (CM) retired from being Chairman of the Daily Journal Corporation (DJ), he still runs its stock portfolio.
(2) BYD is way ahead of Tesla in China but it is currently selling at 50 times earnings. It is expected to grow at 50% this year. He sold part of DJ’s stake in BYD a year ago at a higher price.
(3) Buying shares in Alibaba was a mistake since it is in retailing which is very competitive.
(4) He loves Costco and will never sell a share of it. But it is selling for 40 times earnings.
(5) He believes investing in China provides better risk/reward as compared to the U.S. China is unlikely to invade Taiwan since it learned a lesson from the difficulty Russia is having with its invasion of Ukraine.
(6) Companies that make computer chips require investing everything to stay on top (the opposite of the situations he prefers where companies would require a minimum of investment).
(7) It is ridiculous for anyone to buy cryptocurrencies. National currencies are the greatest invention ever. The Chinese are correct in banning it. Governments should not allow them to exist. It should be avoided.
(8) He never bets. (He did bet a few thousand dollars many years ago.)
(9) He does not engage in short sales. 30 years ago he had 2 trades that were short sales. One was a currency trade which made him miserable because he had to keep adding margin to his account. Eventually he made a small profit.
(10) He opposes taxing stock buybacks (responding to a question I submitted).
(11) He has never exercised. (He is 99 years old.) He now uses a wheel chair.
(12) AI will not find a cure for cancer.
(13)The movie business is a terrible business because of unions, agents, and stars.
(14) Ben Graham got rich from one investment – Geico.
(15) The U.S. health care system is in terrible shape. Insurers pay providers a small percentage of what individuals pay. Singapore has a better health care system at 20% of the cost of the U.S. system."
https://blog.umd.edu/davidkass/2023/02/16/14-highlights-of-daily-journal-charlie-munger-annual-meeting-february-15-2023/
The advantage Buffett has is that he doesn't have to tell you his current holdings.
BRK's Pilot J stake to reach 80%
Berkshire Hathaway BRK.B +1.24% investors may soon get a read on one of the company’s better deals in the past decade—a 2017 purchase for nearly $3 billion of a 38.6% interest in Pilot Flying J, the country’s leading operator of truck stops.
The Berkshire Hathaway (ticker: BRK/A, BRK/B) stake in the company will rise to 80% in the current quarter under the terms of the original agreement reached by CEO Warren Buffett with the founding Haslam family, which will retain the remaining 20% stake.
https://www.barrons.com/articles/berkshire-hathaway-warren-buffett-pilot-flying-j-buy-84705bd
"Buffett Watchers Should Tune In. Berkshire Is Lifting Veil on Stock Moves."
"What were Warren Buffett and his colleagues at Berkshire Hathaway BRK.B +0.87% up to with their $350 billion equity portfolio last quarter? Investors will find out very soon.
A regulatory filing expected Tuesday should lift the veil. Investors will be focused on whether Berkshire Hathaway (tickers: BRK/A, BRK/B) added to its stake in Taiwan Semiconductor Manufacturing TSM –1.37% ( TSM ), as well as whether the company continued to pare its longtime interest in U.S. Bancorp USB –0.14% (USB)."
"Finally, Berkshire may have continued to add to its position in Chevron (CVX). It bought about $500 million of the stock in the third quarter and owned about 170 million shares, now worth about $29 billion, at the end of September."
https://www.barrons.com/articles/warren-buffett-berkshire-stock-moves-13f-2713bb48
Can anyone give me a list of Berkshires new stock purchases of publicly traded companies? I found a list that goes to September of 2022. But not current. If there is a current portfolio tracker please let me know where to go.
And have your face eaten off by the jungle pigs.
LOL....do I need to fall out of a helicopter in the end?
I have some plus ones, a minimal amount. Used them to endorse my own posts.
Here's something that's fun to do. Look up "Gold Mining" in eBay. You can get everything you need to be in the mining business in an hour, including real mining claims, for under $100. You can even get sample mining cores guaranteed to contain bits of real gold to fool a really dumb mine auditor.
Become your own Bre-X
Definitely NOT brokers. Most aren't even allowed to recommend that junk, and have no way to buy it. Not like there's a legit firm set up for cryptocurrency. Typically, by the time an ETF is created, it's too late.
People are driven by fear and greed, but not in that order. I've known little old lady CD buyers all their lives, ask me what I think about crypto. In fact, just had a 77 year old doctor ask me the other day how I'd recommend buying some. I just don't get it.
With that said, I wasted my time getting some IHUB plusone coins on here for free. Knew they'd be worthless and they are, however, had I made any effort at all to convert them to bitcoin early on, like a penny stock P&D, I could have made some easy money.
Amazes me that IHUB itself, even after how the originator made his money, they allowed Clem to try to scam the posters here when he invented his own crypto.
I'm amazed at the significant numbers of experienced older investors who admit to owning at least a small amount of crypto. Some people, idiots actually, feel they must "test" every new investing fad that comes down the pike. Munger has bemoaned that too.
What drives that? Investors or their brokers? I should add that my CPA son has a few Dogecoins. But he got them free when he opened a Robinhood account a year or two ago. I don' think he's used that account otherwise.
Lately, I've been stridently opposing just about everything. I'm still working on mastering that "Charlie" sneer.
No offense to Charlie, but I was the most strident voice opposing crypto.
Honors flowing for Charlie Munger who turned 99 yesterday while his firm, Berkshire Hathaway, strongly outperformed the S&P (by 20% last year) and he served as the most strident voice opposing cypto.
Charlie was born in 1924, served as an Army officer in WW2, and graduated from Harvard Law, magna cum laude in 1948.
Incorrect. The price targets on the BRK B shares are in the $325 - $350 range, but the price targets for the A shares are in the $487,500 - $525,000 range.
Well that's pretty much a lie. When Trump took office OXY was around $73. Covid caused the stock to drop.
I hope you're wrong, it so happens I bought a bit more AAPL yesterday. Support is currently $126.24, I'm taking a gamble it will hold.
Warren owns the biggest car dealership in China every stock in China is down at least 80% Warren I guess did good there to
To me the only way Berkshire Hathaway stock could be going up is if Warren is short the whole market. If he is short he’s a terrorist
BRK $350,000 TARGET PRICE Should be worth nothing
The whole market is down and Warren Buffett stocks are up bullshit
YOU obviously have no understanding of the company or its established intrinsic value. Just the securities held have a readily identifiable value and then there are the hundreds of companies owned by BRK, e.g. Burlington Northern Railway, the energy segment, and all of the others. Most analysts place its true value far above its current market value.
Berkshire Hathaway stock is all bullshit No way it should be $450,000 Warren Buffett is a scam artist 10 times worse than Bernie Madoff and FTX Sam. Warren stock is the biggest Ponzi scheme on the planet
Warren Buffett Charlie Munger are criminals. They’re the only ones pumping up Berkshire Hathaway and when you buy they dump it and make you sell.bahahaha
OXY was only worth $10 when Donald was President
Bahahaha bahahaha Are you watching the same market that I am
That is total nonsense. I just reviewed analysts price targets and recommendations for both AAPL and OXY. AAPL's price targets were in the $150 - $170 range, and OXY's price targets were in the low -mid $80's. SMH
Apples going to $3 One of Warren big holding OXY $15 target price
Since it's kind'a a mutual fund, how does that work?
Berkshire Hathway will crash 2023
What do you think of BRK.A vs BRK.B? Or are you like they guy who showed up here a few years ago thinking a BRK.C was about to arrive.
So in your mind, pretty much everyone is criminal, and yet you're still around here and investing in it?
Shouldn't you be seeking out an alternative? Or do you not trust anyone?
Ya know, all that pot smoking may have just made you paranoid. Just sayin'.....
The shorts need to blow up the highs point of the mountain Berkshire Hathway A
Bunch of thieves They will get pardon. 2023 is gonna be a bad year for the stock market
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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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