Buffett/Berkshire - general news

[rogermunibond]

@Wanderer Abel got an early version of this presentation

 

https://blog.google/alphabet/investor-presentation-june-2026/#full-stack-approach-ai

[Hektor]

3 hours ago, DooDiligence said:

 

Buy some Pershing too and add Billy boy to the BOD.

[Munger_Disciple]

3 hours ago, Intelligent_Investor said:

There likely aren't any that will move the needle. I don't know of many $100b family businesses

 

Yes, I think Berkshire entered a phase where there are no more family run businesses of size to buy. There aren't that many left and there is huge competition from PE for whatever (even $1-$10B size) is left. So Warren & Greg decided that they might as well try to "optimize" or "rationalize" the businesses they already own. 

Edited 4 hours ago by Munger_Disciple

[charlieruane]

4 hours ago, Intelligent_Investor said:

There likely aren't any that will move the needle. I don't know of many $100b family businesses

Restaurant Depot just sold and would've been perfect—founder-owned, sold for $29.1B to Sysco Foods. That one's worth reading about, it was a very Berkshire-like business, sale, and acquisition. Founder wanted assurances that the biz would live on without being gutted. 

[jbwent63]

27 minutes ago, charlieruane said:

Restaurant Depot just sold and would've been perfect—founder-owned, sold for $29.1B to Sysco Foods. That one's worth reading about, it was a very Berkshire-like business, sale, and acquisition. Founder wanted assurances that the biz would live on without being gutted. 

Yes, RD is a good business, very challenging from a vendor standpoint (not a bad thing as an owner). I wonder if the Berkshire/Buffett model of not getting into auction-like situations also is a factor in not finding the elephant.

[Eldad]

Probably a lot more than you think as far as giant family businesses. 
 

Uline, Harbor Freight, SC Johnson, Kohler and of course Chik fil A would all probably be great ones to get.