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 17 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. 

[Buckeye]

https://www.wsj.com/economy/housing/berkshire-is-convinced-the-american-dream-of-homeownership-will-stay-alive-aede1610
 

The article states:

 

The deal is one of the first for Berkshire under Abel, who succeeded Warren Buffettin January. Sheryl Palmer, Taylor Morrison’s CEO, told CNBC on Monday that she began negotiations with Abel weeks ago before striking a deal. Buffett told the TV network that he wasn’t involved in the acquisition and praised Abel’s dealmaking prowess.

 

“He has launched,” Buffett said.

 

He has launched?! That’s a funny quote. Queue the rocket emoji?