Buffett/Berkshire - general news

[fareastwarriors]

 

Buffett asks for support for small business

 

https://www.cnbc.com/2020/12/15/its-an-economic-war-warren-buffett-urges-congress-to-extend-relief-for-small-businesses.html

 

Full interview

 

https://youtu.be/xvHxQdhwQaY

[Xerxes]

Thx for posting

 

Glad to see that CNBC is not putting that under their Pro

[fareastwarriors]

Berkshire Hathaway Is One of Barron’s Top Stock Picks for the New Year. Here’s Why.

 

https://www.barrons.com/articles/berkshire-hathaway-is-one-of-barrons-top-stock-picks-for-the-new-year-heres-why-51608738891

[kab60]

If not for taxes from selling winners, and an ambition to do better, I could be tempted to put 100 pct in Berkshire and go to the beach. Set a notification in the event of a 20 pct plus market drawdown and then either scour the market for potentiel multibaggers to buy on a bit of margin or just add to Berkshire with borrowed funds.

 

Never bought options due to taxes, but has anyone been looking at long dated calls? Seems like a prett good bet, and from my understanding the low vol usually makes option pricing pretty cheap? Think the market might be surprised.by the amount of buybacks in Q4.

[boilermaker75]

If not for taxes from selling winners, and an ambition to do better, I could be tempted to put 100 pct in Berkshire and go to the beach. Set a notification in the event of a 20 pct plus market drawdown and then either scour the market for potentiel multibaggers to buy on a bit of margin or just add to Berkshire with borrowed funds.

 

Never bought options due to taxes, but has anyone been looking at long dated calls? Seems like a prett good bet, and from my understanding the low vol usually makes option pricing pretty cheap? Think the market might be surprised.by the amount of buybacks in Q4.

 

I'm about 80% BRK, the highest I have ever been.

 

Edit: and I am continuously writing puts on BRK, usually a week or less from expiration.

[LC]

Thanks for the info, boilermaker.

 

At this point, your options strategy on Brk is know to me as “a boilermaker” :)

[boilermaker75]

Thanks for the info, boilermaker.

 

At this point, your options strategy on Brk is know to me as “a boilermaker” :)

 

[CassiusKing1]

If not for taxes from selling winners, and an ambition to do better, I could be tempted to put 100 pct in Berkshire and go to the beach. Set a notification in the event of a 20 pct plus market drawdown and then either scour the market for potentiel multibaggers to buy on a bit of margin or just add to Berkshire with borrowed funds.

 

Never bought options due to taxes, but has anyone been looking at long dated calls? Seems like a prett good bet, and from my understanding the low vol usually makes option pricing pretty cheap? Think the market might be surprised.by the amount of buybacks in Q4.

 

I'm about 80% BRK, the highest I have ever been.

 

Edit: and I am continuously writing puts on BRK, usually a week or less from expiration.

Kab and Boiler, good posts.  I'm thinking and acting the same as you.  Currently 70% BRK.  It's a safe place to harbor for awhile and the coming growth should be nice.

[wescobrk]

Nothing news shattering here and this has been repeated a million times but his Apple trade is unbelievable.

I think the 13F in mid Nov it made up $105 billion of Berkshire? Apple is up almost another 10% since then so now about $115 billion? With a market cap of $526b? So Apple makes up about 20% of Berkshire's market cap and over 50% of its equity holdings.

Buffett has balls even in his 90's.

[gfp]

Nothing news shattering here and this has been repeated a million times but his Apple trade is unbelievable.

I think the 13F in mid Nov it made up $105 billion of Berkshire? Apple is up almost another 10% since then so now about $115 billion? With a market cap of $526b? So Apple makes up about 20% of Berkshire's market cap and over 50% of its equity holdings.

Buffett has balls even in his 90's.

 

At last disclosure (the 10-Q), Berkshire owned 964.5 million Apple shares.  Multiply by today's price and you get $126 Billion pre-tax.  Unless he sold some after quarter end.

[boilermaker75]

Nothing news shattering here and this has been repeated a million times but his Apple trade is unbelievable.

I think the 13F in mid Nov it made up $105 billion of Berkshire? Apple is up almost another 10% since then so now about $115 billion? With a market cap of $526b? So Apple makes up about 20% of Berkshire's market cap and over 50% of its equity holdings.

Buffett has balls even in his 90's.

 

At last disclosure (the 10-Q), Berkshire owned 964.5 million Apple shares.  Multiply by today's price and you get $126 Billion pre-tax.  Unless he sold some after quarter end.

 

I saw this video back in 2003,

 

 

and I was too clueless to buy anyf APPL, when I should have backed up the truck.

[kab60]

If not for taxes from selling winners, and an ambition to do better, I could be tempted to put 100 pct in Berkshire and go to the beach. Set a notification in the event of a 20 pct plus market drawdown and then either scour the market for potentiel multibaggers to buy on a bit of margin or just add to Berkshire with borrowed funds.

 

Never bought options due to taxes, but has anyone been looking at long dated calls? Seems like a prett good bet, and from my understanding the low vol usually makes option pricing pretty cheap? Think the market might be surprised.by the amount of buybacks in Q4.

 

I'm about 80% BRK, the highest I have ever been.

 

Edit: and I am continuously writing puts on BRK, usually a week or less from expiration.

Kab and Boiler, good posts.  I'm thinking and acting the same as you.  Currently 70% BRK.  It's a safe place to harbor for awhile and the coming growth should be nice.

It's probably not gonna be earth shattering good, but it's difficult for me to find a better risk/reward. They're well-positioned to all kinds of different environments, so I'd say it's safer than almost all corporate bonds but with equity-like returns. I have a 20 pct. position which is basically what makes me around 120 pct. net long. It has been a real drag on my returns, but underlying performance has been good-to-great and just increases the value of their buybacks, so it's difficult to see how one loses unless their operating businesses start sucking - but that doesn't really like it's in the cards. It's even more interesting, since consensus seems to be, that Warren sucks, and valuation doesn't matter anymore. Hope he gets the last laugh before passing on the baton.

[CorpRaider]

Nothing news shattering here and this has been repeated a million times but his Apple trade is unbelievable.

I think the 13F in mid Nov it made up $105 billion of Berkshire? Apple is up almost another 10% since then so now about $115 billion? With a market cap of $526b? So Apple makes up about 20% of Berkshire's market cap and over 50% of its equity holdings.

Buffett has balls even in his 90's.

 

At last disclosure (the 10-Q), Berkshire owned 964.5 million Apple shares.  Multiply by today's price and you get $126 Billion pre-tax.  Unless he sold some after quarter end.

 

I saw this video back in 2003,

 

 

and I was too clueless to buy anyf APPL, when I should have backed up the truck.

 

I wrote like two blog posts about how Buffett, the GOAT, was going to over index to Apple and the rest of active managers were underweight when he was buying it and that I would bet with him any day.  Then, I went and bought some damn fool trash stocks instead.  haha

[CassiusKing1]

Getting more curious to find out what company BRK got the non-disclosure for. 

 

Is he finally taking bites at GE?  The aircraft engines and turbine business would be a good fit.  Bolt on acquisitions for PCP and BHE, lol.

[kab60]

He must be tempted by GE. Aviation, healthcare and power - with a big focus on renewables - should all have extremely good long term tailwinds. He usually doesn't do turnarounds, but perhaps they've already turned enough (in that they haven't blown up) and what's left can be tackled with good execution while temporary headwins (like in aviation) lifts.

[bennycx]

Imagine if he took a large position on Tesla ;D

[DooDiligence]

Imagine if he took a large position on Tesla ;D

 

One coup attempt a week is enough  ;)

[fareastwarriors]

How Warren Buffett’s uphill battle against the S&P 500 is changing

 

https://www.cnbc.com/2021/01/08/how-warren-buffetts-uphill-battle-against-the-sp-500-is-changing.html

[Charlie]

Berkshire Hathaway Director Ronald Olson bought up Stock.

 

https://www.barrons.com/articles/berkshire-hathaway-director-ronald-olson-bought-up-stock-51610145605?mod=past_editions

 

 

Cheers!

[gfp]

Yes, Ron Olson periodically buys Berkshire shares and added ~$900k to his $55+ million in Berkshire shares.  What I found odd was that he purchased the 4000 b-shares on December 18th and filed his form 4 on January 6th.  That's a big no-no and surprising from the head of Munger, Tolles & Olson.

 

https://www.sec.gov/Archives/edgar/data/0001067983/000120919121002201/0001209191-21-002201-index.htm

[KFS]

 

 

https://www.wsj.com/articles/warren-buffetts-latest-challenger-will-fizzle-like-the-rest-11610204581

 

 

[Gregmal]

Someone should tell Cathy she needs to let the journalists and cameraman have "unprecedented access". One day there will be never before seen footage, and behind the scenes stories to be told via a remarkable, never before seen documentary. This is....The Last Dance.

[boilermaker75]

How Warren Buffett’s uphill battle against the S&P 500 is changing

 

https://www.cnbc.com/2021/01/08/how-warren-buffetts-uphill-battle-against-the-sp-500-is-changing.html

 

“Added bonus: get rid of the short-term Berkshire shareholders, such as Bill Ackman, in favor of the true believers. ... expect continued repetition.”

[DooDiligence]

https://mazorsedge.com/bnsf-puts-battery-electric-locomotives-into-service/

[gfp]

Short article and interview with the leader of Berkshire Hathaway Specialty Insurance.  Both a video and a short article if you scroll.

 

https://www.theinsurer.com/tv/bhsi-targets-middle-market-and-sme-growth-through-programs-and-mgas/13508.article?utm_medium=email&utm_campaign=The%20Insurer%20TV%20Peter%20Eastwood%20BHSI&utm_content=The%20Insurer%20TV%20Peter%20Eastwood%20BHSI+CID_b007230cb92755b6b2a217baaa4b2ad2&utm_source=Campaign%20Monitor&utm_term=BHSI%20targets%20middle%20market%20and%20SME%20growth%20through%20programs%20and%20MGAs