Replies to post #330 on Berkshire Hathaway Inc (BRK.A)

[bar1080]

Interesting post. How'd you buy a horse? A racehorse or a share in a racehorse? Are you actually going to take care of it?

I'll have to look up Buffett's first investments. Berkshire Hathaway, once a shirt maker, was a dog for him but he ended up using its shell. His first homerun was Geico, a money machine that was truly under the radar for years. That's why Buffett loves insurance stocks so much. He owns several.

I don't recall that he owned anything that was a longshot by IHUB standards. Both he and Munger did evolve. I know They tried shorting early on and gave that up. Munger was quite unsuccessful as a money manager on his own before teaming up with Buffett.

[bar1080]

Here's a tidy timeline of Buffett's major investments:

"1941 – Age 11

At 11 years old, Buffett buys his first stock – 6 shares of Cities Service (now known as CITGO – an Oil company) at $38 per share. He bought 3 for himself and 3 for his sister Doris.

That is all the money he had at that time. Practiced little to no diversification at a young age which he continued to do throughout his investment career. The stock price fell to $27 but soon went to $40. He sold the stock at $40, but, the stock shot up to $202 in the next few years.

He later cited this experience as an early lesson in patience in investing."

What stands out to me is that he bought no tech/computer stocks in the 1960s even tho they were quite the rage back then

https://www.oldschoolvalue.com/blog/investing-perspective/warren-buffett-career-timeline-investments/

[bar1080]

Think I have a chance selling courses on IHUB about buying & holding blue chips? Send me $2,000 and I'll sell you my secrets. LOL! Off to spam the boards now...

Pathetic how 99% of IHUBbers missed out on the greatest bull market in modern history.

Glad to see BRK perking up lately.