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Everyone thinks Buffett raised cash because he's fearful about the buoyant market. Just as likely, he's going for a huge stock buy or acquisition. They used to own a sizable chunk of DE and perhaps CAT. Son Howard Buffett has a long connection to DE.
A whole bunch of my tickers were up huge the last 2 days. CAT, NUE, COP, JPM., KMI, ET, PSX, XOM to name a few. Heck, ET has gone up to the point where its dividend yield is only 9.24% at this share price 😍
Dang it! I even talked about adding more to my portfolio. Glad I bought more DE though.
Same with CAT. Once the Fed spoke yesterday everything surged up huge, and equipment stocks like DE and CAT soared both yesterday and today. CAT is up 10% also over the past 2 days.
It's up about 10% over the last two days. Someone is loading up on it and there's no news.
Not many can move a stock that size without reporting it.
On what are you basing this prediction fung?
I have a prediction.....Berkshire is currently loading up on $DE.
Berkshire adds 10.5 million shares OXY
https://www.reuters.com/markets/deals/berkshire-hathaway-buys-nearly-105-mln-shares-occidental-petroleum-2023-12-14/
Sad news Charlie Munger passed away
https://www.cnbc.com/2023/11/28/charlie-munger-investing-sage-and-warren-buffetts-confidant-dies.html
Just out: Berkshire reveals new stake in Siriius:
Sirius XM Holdings (SIRI) stock jumped as much as 12% on Wednesday after Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) revealed a new stake in the satellite and online radio company.
According to Berkshire's 13F report, which discloses its holdings, the company purchased nearly 9.7 million shares with a market value of about $43.8 million in its September quarter.
Shares of Sirius have struggled so far this year, down about 10% compared to the S&P 500's (^GSPC) 17% gain over that same time period.
https://finance.yahoo.com/news/sirius-xm-stock-jumps-after-warren-buffetts-berkshire-reveals-new-stake-175353836.html
I am just referring to Warren Buffett's statement in the initial article I saw on the dispute. this issue is likely to get settled at some point.
So far the exact contract wording hasn't been made public, I believe.
Warren states that he is just adhering to the contract language. Will be interesting to see how this is resolved. Can't believe BRK shares are down this am given the strong beat on operating earnings. Folks look at the reported loss due to the paper losses for the quarter on equity investments, and don't understand how these earnings have to be reported.
Uncle Warren Plays Hardball and perhaps Pilot really screwed up to the tune of billions.
"Buffett's company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys"
"OMAHA, Neb. (AP) — Investor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway's purchases of Occidental Petroleum stock for the first time in four months.
Buffett's company said in a Securities and Exchange Commission filing late Wednesday that it invested more than $246 million to add to its already massive Occidental stake over the first three days of this week.
Berkshire bought nearly 4 million more shares of the Houston-based oil producer to give it more than 228 million shares and control of nearly 26% of Occidental. Buffett has been consistently buying Occidental stock whenever the shares fell below $60 as he built Berkshire's stake since early last year, but this week he was willing to pay more than $63 for some of these new shares."
"These latest Berkshire purchases began on the same day Chevron announced it was buying Hess Corp. for $53 billion in the second megadeal in the oil sector this month. Less than two weeks earlier, Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
"Clearly Buffett, Chevron and Exxon are all betting that oil will remain a significant source of the nation's fuel sources well into the future even as the United States works to transition more to renewable energy sources."
And Buffett knows the oil sector well. Not only is Berkshire the biggest shareholder in Occidental, it also owns more than 123.1 million Chevron shares in its $350 billion portfolio...." [more]
https://finance.yahoo.com/news/warren-buffetts-company-joins-oil-155840596.html
AXP (major BRK holding) released positive earnings this am topping estimates, but the shares are down and tracking for lowest close since November of 22'. Makes no sense at all, other than a bad day in the market. CFRA (S&P global) maintained its strong buy rating but dropped its Target Price for AXP by $30 to $205, which is still 40% above current share price. Hmmmmm......
Warren Buffett must be jumping up and down his oil Stocks going up He’s making so much money off of this war. As people get raped and killed. what a piece of crap. God will get him. The man could be short oil and he’s not.
Warren Buffett is a oil terrorist
Thank you for the update. If you're not careful I will buy, and then you'll be sorry.
All-time high today
Are you trying to rub it in?
If I buy in, it may very well kill him.
You can thank me for staying out.
BRK setting new all-time highs on a daily basis now.
Would you sell any? I almost never sell any of my blue chips except when there's a tax benefit to be had in doing so. In the past, BRK has responded to its falling shares by buying dips on the open market. They had $147 billion in cash, last reported and may have more after this:
"Berkshire Hathaway exits Marsh McLennan position, holds Aon, Markel" from August 15. "
https://www.insuranceinsider.com/article/2c25t0bmi1wxq9xmflam8/global-insurers-section/berkshire-hathaway-exits-marsh-mclennan-position-holds-aon-markel
"Will a new manager start selling?
How have the cap gains been annually in this stock?"
The "new manager" is apt to be Greg Abel at this point. I'd expect him to continue BRK's move into energy which is Abel's forte. I wouldn't think he'll hold onto some of BRK's more far flung small businesses, such a Dairy Queen. Many of such can be sold quite profitably. Some large divisions may be spun off to shareholders. Taxation will play a role. BRK has always been run in a tax efficient manner.
"How have the cap gains been annually in this stock?" The near-record high stock price today tells the story there. BRK has pretty much matched the S&P this year despite BRK's large T bill (cash) holdings. Few stocks are as resistant to a bear market or troubled times.
I wouldn't expect much change immediately after Buffett, except -- perhaps -- some normal quarterly dividends down the road.
I'm really surprised to read BRK owns SNOW. That is definitely NOT a Buffet type stock.
Also wondering the point of BRK going to charities in CRT's. So, that should be a guarantee of stock dumping for the next 12 years.
Would you sell any?
Thanks for that article. Of course that's what I said, but I said it about 20 years ago.
I probably should be concerned for my KO and AAPL stock though. I own a few other stocks that BRK is heavy in. Will a new manager start selling?
How have the cap gains been annually in this stock?
Timely Points re BRK:
"Berkshire Hathaway isn't just one of the 10 largest S&P 500 companies by market capitalization. It is also the largest shareholder of eight S&P 500 giants, including Bank of America (BAC), Coca-Cola (KO) and Occidental Petroleum (OXY). Further, it's one of the three biggest institutional owners of Apple (AAPL).
That market influence means the fortunes of most Americans' nest eggs for retirement — even if only in a simple S&P 500 index fund — are tied in some way to those of Buffett's Berkshire.
For Berkshire shareholders, the loss of Buffett could mean a sharp pullback in the stock, some analysts say. Many investors hold their shares in unique regard, often as a family heirloom handed down through generations, and selling the stock could bring hefty tax consequences." [much more]
https://www.investors.com/news/warren-buffett-getting-older-berkshire-hathaway-stockholders-getting-uneasy/
Yep, I see that both share classes are at all-time highs. What a year Buffett is having!
Blowout Q - Highest operating profits ever, and $150 Billion in cash as of 6/30. No wonder BRK is trading at an all-time high this am.
On BRK NOT paying dividends: "It's almost like Buffett knows what he's doing." An interesting discussion and mostly from CFAs, CEPAs and MBAs
https://www.linkedin.com/posts/brianferoldi_warren-buffett-refuses-to-pay-a-dividend-activity-6998661486751449088-Hodb/
RSP will get you equal weighting, which seems more Democratic.
My first index fund was the mutual fund version of VTI. All of the S&P 500 index funds are dominated by the same few stocks.... AAPL, MSFT and about ten more megacaps like them. Last year I added a mid cap index fund (IJH) which has done fairly well.
I believe over the years, just about all American Funds have outperformed the index, however, over the years, the money managers have been slammed for not outpacing the index, so they instead have tried to either mirror it, or get slightly ahead and move to cash to preserve it.
We have become a generation of demanding immediate results and have thus ruined a money managers ability to be more aggressive.
I own a little bit of VTI and RSP, but do not like what SPY has become, which is basically a FAANG index.
My sons had mutual funds almost from birth as I tried to shift my income to them and their almost zero tax bracket. But even smarter, a few years later I started buying index funds for me and the kids. The index funds consistently outperformed actively managed funds. The difference over 30+ years is staggering.
I still own two of those old actively managed mutual funds, but they almost always lag the S&P. By dumb luck I bought my kids some QQQ (the Nasdaq 100 fund) around 2009. That's now up nearly 10x counting dividends.
I love that Buffett/BRK has been using index funds (VOO and SPY) in the past few years.
I was investing in mutual funds and funding an IRA and my 401K in 1987. And fung, for an example of why it has never been too late for BRK, in mid-late 2006 when my siblings and I inherited beneficiary IRA's from the last of our parents to die, my advisor and I re-shuffled some investments and put a significant position in BRK.B at around $60 per share. Those shares are now worth $354 per share, and BRK is one of the 3 largest holdings in the account, although not 1 or 2. I have to take a RMD every year based on the formula (if the deceased parent was required to take RMD's when the beneficiary IRA is inherited, the beneficiaries have to take an RMD each year based on age when inherited, life expectancy, etc.), which right now means withdrawing around 5.5 -6% each year, which factor goes up every year, and even after all those years of RMD's, between BRK and a number of other great long term investments, the value of the account is around double what it initially was in 2006.
I started investing at age 19. Of course, BRK wasn't a mutual fund. Still isn't. Very few people understand BRK's methods. He buys safe blue chips, but benefits from the free leverage he gets from his insurance float. He also benefits from not attempting to time the market. He's usually pretty fully invested... unlike most locals who dart in and out of stocks and almost always get the timing backwards. They buy at tope and dump at bottoms.
You can get historical stock prices from Yahoo finance. Click on the "historical Data" link. Takes some practice.
You are really old then. I wasn't formally investing yet.
Only thing I bought on the day of the 1987 crash (Oct 19) was a small TV for my office so I could better watch the news. Remember that day well.
I have been predicting Warren's demise and thus the share price for almost 30 years now
I did not get any A shares at that price. Just remember they were available.
A quick story that I may have told already.....BRK was trading around $16k and I was talking to a buddy about what mutual funds to buy (I'm thinking this was probably around 1996??), he mentioned BRK and his reason was...."find me a better money manager than Warren Buffet". He bought 2 shares.....I did not. In fact, I think I bought some AIM technology fund that probably no longer exists. You recall the type, went up 100% one year and down 60% the next.....I seem to recall a NET NET fund that was getting in on some new thing called the internet.
Sure! Rub it in why don't you!
When I arrived online around 1995, the unwashed masses of investment newbies stupidly believed that only low priced stocks could soar 100X or even 1000X. So they flocked to low priced stocks -- often junk pennies --,to be slaughtered in the Dot Com crash a few years later.
I rarely initiate a stock position below $40 and never below $20. .
Another interesting fact is that the day after the 1987 crash you could buy a share of BRK for $1,700. The B shares did not exist at that time.
Ahhhh, a red letter day. The day I started seriously investing in the market to sustain my income.
Do you have the exact day?
BRK hit $10,000 around October 1992.
I remember quite well the day BRK passed over $10,000 and I thought...well that's just crazy!
Of course, that's nothing compared to the many years before that. Almost as good as being an original investor in Walmart with Sam.
Buffett has overseen a roughly 4,300,000% gain in Berkshire stock during his career.
BHE used to be a part of Kiewit, which was headed by Buffett's close friend Walter Scott who at on the BRK Board, etc. But it has grown immeasurable since it was acquired by BRK.
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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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