This is a ChatGPT-free Zone
OK, so here we go. Hopefully this will be the last part in this marathon series. BRK LTS 2005 So 2005 turns out to be an interesting year. After years of not doing much in the stock market, Buffett initiates positions in Anheuser-Busch, Walmart, and “substantially” increases his position in Wells Fargo. It’s been a…
So we continue. Let’s see what he says in 1991: BRK LTS 1991 Our outsized gain in book value in 1991 resulted from a phenomenon not apt to be repeated: a dramatic rise in the price-earnings ratios of Coca-Cola and Gillette. These two stocks accounted for nearly $1.6 billion of our $2.1 billion…
OK, so this was a little longer than I thought, so I will make Part 3 1981-1990. There’s more stuff here than I thought. Anyway, let’s see what Buffett has to say: BRK LTS 1981 Buffett talks about trying to find whole businesses to buy but sees better opportunities in the stock market: Currently, we…
I know I’m preaching to the choir here for the most part, and others will disagree completely and say that always being invested in stocks is reckless. But still, I thought it would be interesting to look at how Buffett viewed the market over the years, and what he did about it. We can…
OK, so I know this thing about not timing the market leads to a lot of debate. One thing you always hear when talking about this is that Warren Buffett himself is a market-timer. Well, yes, he has made comments on the market over the years; in 1999/2000 warning of a high market cap to…
Buffett spent three hours on CNBC yesterday (March 3, 2014). Here are some notes, not necessarily comprehensive. I flipped through some transcripts too to help me remember what he said. Two most interesting things for me was Weschler’s comment on DaVita, and Comb’s comment that he reads 500 pages per week (which I think…
So, Buffett’s annual letter to shareholders came out. What can I say? Berkshire (BRK) is an incredible money making machine. They grew book 18.2% after some meaningless charges. Yes, that’s not so exciting compared to the S&P 500 index, but for a $200+ billion giant, it’s pretty darn good. And this is not too far…
So Berkshire Hathaway (BRK) made an interesting 13D/A filing: The Issuer is discussing with Berkshire the possibility of Berkshire acquiring an as yet unformed subsidiary of the Issuer, which would own a business and would own certain other assets to be determined but which may include shares of Berkshire common stock owned by the Issuer, in…
So Ted Weschler, one of Berkshire Hathaway’s (BRK) new investment managers made some news recently. He bought 3.7 million shares of DaVita HealthCare Partners (DVA) after their dreadful 3Q conference call in which Thiry (DVA’s current and long time CEO) said that the outlook for 2014 is worse than they had anticipated, and the hit to…
After such a huge rally since the great recession, and now after a huge runup this year people are wondering what to do with their money. Many are afraid that the markets will tank as they are getting bubbly and there will eventually be tapering that will most certainly be devastating to the markets. But…