longlake95 Posted June 28 Share Posted June 28 3 minutes ago, Hektor said: https://www.wsj.com/finance/warren-buffett-gives-us-a-preview-of-his-will-419ad46d Warren Buffett, who owns nearly $130 billion in Berkshire Hathaway stock, will direct his fortune into a new charitable trust overseen by his children. In an interview with The Wall Street Journal, Buffett—the chairman and chief executive of Berkshire Hathaway said that after his death nearly all of his remaining wealth will go to a new charitable trust overseen by his daughter and two sons. The legendary investor also made clear his giving to the Bill & Melinda Gates Foundation, to which he has donated billions, will come to an end. “The Gates Foundation has no money coming after my death,” Buffett said. I’m not surprised. I guess Warren changed his mind on what he thinks of Bill… Link to comment Share on other sites More sharing options...
LC Posted June 28 Share Posted June 28 I guess the "giving pledge" can be expanded to "I pledge to give all my money to my kids" Link to comment Share on other sites More sharing options...
Eng12345 Posted June 28 Share Posted June 28 (edited) 11 hours ago, longlake95 said: I’m not surprised. I guess Warren changed his mind on what he thinks of Bill… The Bill & Melinda Gates Foundation Trust is receiving Class B shares worth about $4 billion as of Thursday’s closing price, while the Susan Thompson Buffett Foundation is receiving about $400 million. Don't you love "journalism"? Tell the whole story WSJ. I'm paying for it. Edited June 28 by Eng12345 Link to comment Share on other sites More sharing options...
adesigar Posted June 29 Share Posted June 29 From what I recall Buffett believed more in Melinda gates for the philanthropy than Bill Gates. With her gone it makes sense that he doesn’t want to give the rest of his money to the Bill and Melinda gates foundation. Also his kids can probably handle it better now than they would have been able to almost 20 years ago. Link to comment Share on other sites More sharing options...
longterminvestor Posted June 29 Share Posted June 29 Its all in the letters written in 2006, 2012, and 2021. You don't need to have a reported parrot it back to you for a fee, just read what's already there. One of the conditions of Mr. Buffett's "irrevocable" gift to Bill & Melinda Gates Foundation (BMG) was 1 of them is actively involved. So when BMG broke up because of divorce, and Melinda started her own foundation, this change was inevitable. Maybe one of the reasons why Gates marriage took as long as it did to break up, because of Mr. Buffett's pledge? (Pure speculation) This just further shows how much thought and consideration of the future Mr. Buffett puts into his actions. His actions had huge implications with simple instructions. This is the model I strive for every day. Simple to understand and well thought through to the end. Its a work of art. LETTERS https://www.berkshirehathaway.com/donate/webdonat.html FORTUNE ARTICLE ATTACHED fortune071006.pdf Link to comment Share on other sites More sharing options...
schin Posted June 30 Share Posted June 30 On 6/28/2024 at 8:34 AM, longlake95 said: I’m not surprised. I guess Warren changed his mind on what he thinks of Bill… It's crazy how much they raved about each other and Warren backpedalling from Bill like he and David Sokol. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted June 30 Share Posted June 30 he's a reputation risk now Link to comment Share on other sites More sharing options...
John Hjorth Posted June 30 Share Posted June 30 (edited) 14 hours ago, longterminvestor said: Its all in the letters written in 2006, 2012, and 2021. You don't need to have a reported parrot it back to you for a fee, just read what's already there. One of the conditions of Mr. Buffett's "irrevocable" gift to Bill & Melinda Gates Foundation (BMG) was 1 of them is actively involved. So when BMG broke up because of divorce, and Melinda started her own foundation, this change was inevitable. Maybe one of the reasons why Gates marriage took as long as it did to break up, because of Mr. Buffett's pledge? (Pure speculation) This just further shows how much thought and consideration of the future Mr. Buffett puts into his actions. His actions had huge implications with simple instructions. This is the model I strive for every day. Simple to understand and well thought through to the end. Its a work of art. LETTERS https://www.berkshirehathaway.com/donate/webdonat.html FORTUNE ARTICLE ATTACHED fortune071006.pdf 6.95 MB · 14 downloads Related to the above very nice post by @longterminvestor, source LinkedIn, June 29th 2024 : Edited June 30 by John Hjorth Link to comment Share on other sites More sharing options...
Spooky Posted July 17 Share Posted July 17 Any recent news driving the share performance lately? Haven't found anything but this mini value / small cap rotation has been excellent for my portfolio. Link to comment Share on other sites More sharing options...
Kizion Posted July 17 Share Posted July 17 1 hour ago, Spooky said: Any recent news driving the share performance lately? Haven't found anything but this mini value / small cap rotation has been excellent for my portfolio. safe heaven for index/mag7 investors maybe Link to comment Share on other sites More sharing options...
gfp Posted July 17 Share Posted July 17 1 hour ago, Spooky said: Any recent news driving the share performance lately? Haven't found anything but this mini value / small cap rotation has been excellent for my portfolio. Definitely seems to be a rotation out of the recent mega cap winners and into everything else. This is just how Berkshire's stock moves though. Flat for a long time and then it rips to the upside and then it's back to flat for a long time. My theory for years was that people sold covered calls against their BRK position and when those strikes start getting violated they buy the calls back in rather than pay the tax on getting their stock called. Link to comment Share on other sites More sharing options...
adesigar Posted July 17 Share Posted July 17 Hope part of it is Buffett doing a large buyback. Link to comment Share on other sites More sharing options...
Munger_Disciple Posted July 17 Share Posted July 17 30 minutes ago, adesigar said: Hope part of it is Buffett doing a large buyback. I highly doubt that. Link to comment Share on other sites More sharing options...
maxthetrade Posted July 17 Share Posted July 17 32 minutes ago, adesigar said: Hope part of it is Buffett doing a large buyback. I certainly hope he's not buying at these prices! Link to comment Share on other sites More sharing options...
CassiusKing1 Posted July 18 Share Posted July 18 Lot of folks using BRK as a cash alternative. It'll most likely trickle back down in price to the 420 range. Link to comment Share on other sites More sharing options...
boilermaker75 Posted July 18 Share Posted July 18 (edited) 17 hours ago, gfp said: Definitely seems to be a rotation out of the recent mega cap winners and into everything else. This is just how Berkshire's stock moves though. Flat for a long time and then it rips to the upside and then it's back to flat for a long time. My theory for years was that people sold covered calls against their BRK position and when those strikes start getting violated they buy the calls back in rather than pay the tax on getting their stock called. Guilty, but with this pop I am tempted to do it again. Edited July 18 by boilermaker75 Link to comment Share on other sites More sharing options...
thepupil Posted July 18 Share Posted July 18 17 hours ago, gfp said: Definitely seems to be a rotation out of the recent mega cap winners and into everything else. This is just how Berkshire's stock moves though. Flat for a long time and then it rips to the upside and then it's back to flat for a long time. My theory for years was that people sold covered calls against their BRK position and when those strikes start getting violated they buy the calls back in rather than pay the tax on getting their stock called. another factor is XLF flows. When Berkshire has a short term run-up (or down) it's often in tandem w/ XLF (driven by big banks, asset managers, payments, etc) Link to comment Share on other sites More sharing options...
UK Posted July 19 Share Posted July 19 (edited) 16 hours ago, thepupil said: another factor is XLF flows. When Berkshire has a short term run-up (or down) it's often in tandem w/ XLF (driven by big banks, asset managers, payments, etc) +1 https://www.barrons.com/articles/berkshire-hathaway-stock-1-trillion-market-value-f0050c98 "Berkshire stock has been strong this month, gaining about 9% as both value stocks and financials have done well. Berkshire is the largest component of both the Russell 1000 value index and the S&P 500 financial sector." Despite being almost 1T CAP, BRKB is trading like some small cap in the last 5 days:). I like this rotation/unwind from M7/Trump or whatever trade of the last 5 days:) Edited July 19 by UK Link to comment Share on other sites More sharing options...
Charlie Posted July 19 Share Posted July 19 (edited) Berkshire´s stock tends to be strong around earnings time. The nature of a great business model is that it tends to have great earnings. Apple´s stock price rise probably helps too. Edited July 19 by Charlie Link to comment Share on other sites More sharing options...
WFF Posted July 19 Share Posted July 19 Crowdstrike outage, got me thinking if Berkshire write insurance to protect against these of things. Or whether there would be reinsurance losses due to this. Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted July 19 Share Posted July 19 Berkshire doesn’t, but I believe Markel does. Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted July 19 Share Posted July 19 Times like this make me appreciate Ajit so much more. Link to comment Share on other sites More sharing options...
gfp Posted July 19 Share Posted July 19 2 hours ago, Whensthepaintdry? said: Berkshire doesn’t, but I believe Markel does. Berkshire is very careful about not taking on very much cyber risk but they do write the policies. Just the other day there was a hiring announcement out of TransRe -https://www.insurancebusinessmag.com/asia/news/reinsurance/transre-bolsters-cyber-division-with-key-promotions-497566.aspx BHSI also offers these coverages as do several other subsidiaries. Link to comment Share on other sites More sharing options...
Whensthepaintdry? Posted July 19 Share Posted July 19 Thank you for the clarification. Link to comment Share on other sites More sharing options...
gfp Posted July 20 Share Posted July 20 Look at Warren! https://www.sec.gov/Archives/edgar/data/70858/000095017024085022/xslF345X05/ownership.xml Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now