This is a ChatGPT-free Zone
That’s the hint Warren Buffett offered to CNBC Monday morning when he said he will tell viewers which stock he has been buying this year. None of the CNBC folks were able to guess (I had no idea) what stock it was. Harold’s short name is Hal, of course, and Hal is the computer in…
There has been a lot of talk after Berkshire’s announcement of share repurchases. People love to second-guess Buffett and read all sorts of things into his actions and statements. These things tend to be like the Rorschach blot; people read into things what they want to see. In this case, the story is that there…
The unthinkable to long time Buffett followers seems to be happening. Berkshire Hathaway has just announced that they will (or may) buy back shares. Here’s the press release: Share repurchase From the release: Our Board of Directors has authorized Berkshire Hathaway to repurchase Class A and Class B shares of Berkshire at prices no higher…
OK, I really have no intention of turning this blog into a Warren Buffett fan site or a Berkshire Hathaway (BRK) information aggregation/news site or anything like that. There are tons of those things out there and many are very well done. BUT, having said that, I can’t not mention an astounding thing going on in…
Berkshire Hathaway yesterday announced a new manager for investments. This manager has run a hedge fund since 1999, and his returns is over 1236% since early 2000 through the first quarter of 2011. That’s a stunning 27%/year return when the market has been basically flat-to-down. (update on the above returns: another article said $100 invested at…