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Re: Prudent Capitalist post# 1655

Friday, 06/03/2022 9:59:17 AM

Friday, June 03, 2022 9:59:17 AM

Post# of 2124
"Buffett has an under-the-radar $6.3 billion investment portfolio"

"Nearly 24 years ago, on June 19, 1998, Berkshire Hathaway announced its intention to acquire global reinsurance company General Re for $22 billion. While General Re's reinsurance segment was the company's shining star that encouraged Buffett to make the acquisition, it also had a specialized investment services segment known as New England Asset Management (NEAM). "

"At the end of March, NEAM's SEC filing showed that the company had $6.31 billion in managed assets invested across 161 securities. I say "securities" and not stocks because some of these 161 investments include index funds, exchange-traded funds, and preferred stock."

"Although Warren Buffett isn't involved in the investment decision-making process for New England Asset Management, whatever NEAM buys, parent company Berkshire Hathaway ultimately owns. Thus, Warren Buffett has a $6.3 billion "hidden" investment portfolio that, technically, is hanging out in plain view for the world to see."

https://www.fool.com/investing/2022/06/03/warren-buffett-has-a-hidden-63-billion-portfolio/

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