rogermunibond Posted June 4 Posted June 4 @Wanderer Abel got an early version of this presentation https://blog.google/alphabet/investor-presentation-june-2026/#full-stack-approach-ai
Hektor Posted June 4 Posted June 4 3 hours ago, DooDiligence said: Buy some Pershing too and add Billy boy to the BOD.
Munger_Disciple Posted June 4 Posted June 4 (edited) 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 June 4 by Munger_Disciple
charlieruane Posted June 4 Posted June 4 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 Posted June 4 Posted June 4 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 Posted June 4 Posted June 4 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 Posted June 4 Posted June 4 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?
Intelligent_Investor Posted June 5 Posted June 5 15 hours ago, Buckeye said: 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? Maybe he means Greg is buying the SpaceX IPO
gfp Posted June 5 Posted June 5 Forbes put out an article about Netjets https://www.forbes.com/sites/douggollan/2026/06/05/netjets-is-soaring-after-fixing-warren-buffets-biggest-mistake/
gfp Posted June 8 Posted June 8 Kingswell has a nice piece about the Taylor Morrison deal this morning https://www.kingswell.io/p/taylor-morrison-the-new-kid-on-berkshires?utm_source=post-email-title&publication_id=606464&post_id=201001260&utm_campaign=email-post-title&isFreemail=true&r=oqhe5&triedRedirect=true&utm_medium=email
DooDiligence Posted June 8 Posted June 8 1 hour ago, gfp said: Kingswell has a nice piece about the Taylor Morrison deal this morning https://www.kingswell.io/p/taylor-morrison-the-new-kid-on-berkshires?utm_source=post-email-title&publication_id=606464&post_id=201001260&utm_campaign=email-post-title&isFreemail=true&r=oqhe5&triedRedirect=true&utm_medium=email Forged with fire in the GFC. I like their strategy of nimble segmentation to meet current markets. Here's to hoping there's no Flying J skeletons.
Libs Posted June 8 Posted June 8 1 hour ago, gfp said: Kingswell has a nice piece about the Taylor Morrison deal this morning https://www.kingswell.io/p/taylor-morrison-the-new-kid-on-berkshires?utm_source=post-email-title&publication_id=606464&post_id=201001260&utm_campaign=email-post-title&isFreemail=true&r=oqhe5&triedRedirect=true&utm_medium=email Impressive. BRK now the #4 homebuilder in the U.S.
Viking Posted June 8 Posted June 8 2 hours ago, gfp said: Kingswell has a nice piece about the Taylor Morrison deal this morning https://www.kingswell.io/p/taylor-morrison-the-new-kid-on-berkshires?utm_source=post-email-title&publication_id=606464&post_id=201001260&utm_campaign=email-post-title&isFreemail=true&r=oqhe5&triedRedirect=true&utm_medium=email On Public vs Private: And joining Berkshire allows Taylor Morrison to hop off the Wall Street treadmill. The weight of analyst expectations and public guidance would take a toll on anyone. “If you were to really be honest about it,” Palmer told Fortune, “sometimes I feel [like] I live my life in six week increments. Earnings, call a board meeting, earnings, call a board meeting. It’s a treadmill you’re on twenty hours a day.” This relentless quarterly cadence compresses long-cycle businesses into short-cycle reporting — a structural mismatch that can distort decision-making for even the most disciplined operators. Happily, becoming part of Berkshire changes all that. “I think one of the things we’re so excited about is homebuilding runs in five-, seven-, ten-year cycles,” she said last week. “Berkshire thinks in seven-, ten-year, or longer cycles. That alignment is rare.”
Munger_Disciple Posted June 8 Posted June 8 FT interview with Katie Farmer, BNSF CEO: https://www.ft.com/content/5f3f13f8-8ad1-489e-b3ce-123c42c48841?syn-25a6b1a6=1
alpha Posted 5 hours ago Posted 5 hours ago Video of today's Netjets crash, I believe it was the company's first fatality. https://www.cnn.com/2026/06/17/us/plane-crash-laredo-texas-highway-hnk
ValueMaven Posted 1 hour ago Posted 1 hour ago So sad - this is a huge negative for Netjets! Even still they have world-class safety
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