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Re: bar1080 post# 867

Wednesday, 10/18/2017 4:16:57 PM

Wednesday, October 18, 2017 4:16:57 PM

Post# of 2186
Bar1080, According to Wikipedia there were only 10 full acquisitions by Berkshire since 2010, which would mean only 10 out of the 65 companies Berkshire currently owns outright (link below).

https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway


So maybe that article had it wrong. 31 did seem like a big number -


>>> "In 2014, Berkshire contracted for 31 "bolt-on" acquisitions worth $7.8 billion in all. The company also closed on its acquisition of Van Tuyl Automotive, which has $9 billion in annual sales and brings Berkshire's ownership of companies that would be independently listed in the Fortune 500 to 9.5 (Heinz is the 0.5)" <<<


http://www.businessinsider.com/warren-buffett-on-conglomerates-and-private-equity-2015-2


They probably meant 'as of 2014, not 'in 2014', in which case forget my analysis of Buffett as a serial 'stock collector' :o)

Bottom line, even if he is, you could do a whole lot worse than owning some Berkshire. I managed to lose considerable money prior to adopting Buffett's conservative approach. I especially like his advice to be more concerned with return of capital than return on capital, especially as this aging 9 year bull market draws to a close.





























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