Buffett/Berkshire - general news

[Eldad]

17 minutes ago, marazul said:

Looking at the form 4 filing, seems likely Berkshire has repurchased $9bn so far since 1q26. It is an estimate and might vary between $12bn and $4bn given decimals. But good news.

Thanks. Great news. 

[Eldad]

Also, 2nd illusion to John D Rockefeller being the greatest capital allocator of all time by a BRK board member recently. Chris Davis also said in an interview the future of BRK will be like Standard/Exxon in cap allocation and keeping its culture. 

[Munger_Disciple]

1 hour ago, marazul said:

Looking at the form 4 filing, seems likely Berkshire has repurchased $9bn so far since 1q26. It is an estimate and might vary between $12bn and $4bn given decimals. But good news.

 

Yes, good catch! I estimated roughly $8-9B

[John Hjorth]

13 hours ago, Spekulatius said:

I can’t help it:

 

HaHa!  -And when GOOG reaches 2.000 or something like that and he sells a tiny bit, every Berkaholic [including me] whines like a whipped dog : 'Ohh-noo - why did you do that?! 

[John Hjorth]

10 hours ago, jbwent63 said:

Becky asked the question (I thought she was excellent in this visit), but Warren didn't answer (Will all the funds be spent within 12 months of receipt, or something like that).

 

9 hours ago, 73 Reds said:

Placing that kind of constraint on smaller charitable foundations is probably not what Buffett intends.  Legally, I believe charitable foundations only have to spend 5% of their assets each year for charitable purposes.  Buffett will probably impose lesser requirements on foundations run by his family members than he did on the Gates Foundation.

 

@jbwent63 & @73 Reds,

 

From the Berkshire Press Release :

 

Quote

... My goal is to dispose of all of my Berkshire shares within about eight years. As I explained last year, my children are unfortunately growing older. I have every hope that the three of them are able to carry out the disposal of my shares by December 31, 2034. ...

 

Wasen't there also something in the original gift letters [2006] where the foundations should ramp up donations to secure that the transfers of shares were tax free for Mr. Buffett?

[Milu]

16 hours ago, Spekulatius said:

I can’t help it:

Good meme. But one of buffets biggest strengths in my opinion is not letting previous stock price information (good or bad) have any influence in his assessment of whether an investment makes sense going forward. I believe Coca Cola was already a 2-3 bagger in the preceding 5 years before he made that investment. 

[John Hjorth]

3 hours ago, John Hjorth said:

@jbwent63 & @73 Reds,

 

From the Berkshire Press Release :

 

 

Wasen't there also something in the original gift letters [2006] where the foundations should ramp up donations to secure that the transfers of shares were tax free for Mr. Buffett?

 

Well, the link on Berkshire Hathaway main webpage to the original gift letters is today removed  :

 

 

I found the page anyway  here :

 

 

And the links are still working.

 

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Attached is the original gift letter til Belinda & Bill Gates Foundation.

 

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From the gift letter :

 

Quote

... There are three conditions to this lifetime pledge.  First, at least one of you must remain alive and active in the policy-setting and administration of BMG.  Second, BMG (or any intermediary) must continue to satisfy legal requirements qualifying my gifts as charitable and not subject to gift or other taxes.  And, finally, the value of my annual gift must be fully additive to the spending of at least 5% of the Foundation’s net assets.  I expect there to be a ramp-up period of two years during which this condition will not apply.  But beginning in calendar 2009, BMG’s annual giving must be at least equal to the value of my previous year’s gift plus 5% of BMG’s net assets.  If this amount is exceeded in any year, however, the excess can be carried forward and be offset against a shortfall in subsequent years.  Similarly a shortfall in a given year can be made up in the following year. ...

 

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So much for 'irrevocable', when you are among the richest [and powerful] persons on the planet. - Honestly, please give me a break.

bmgfltr - 20060626 - 20260716.pdf

[Spekulatius]

53 minutes ago, Milu said:

Good meme. But one of buffets biggest strengths in my opinion is not letting previous stock price information (good or bad) have any influence in his assessment of whether an investment makes sense going forward. I believe Coca Cola was already a 2-3 bagger in the preceding 5 years before he made that investment. 

This is a correct, Buffett doesn’t care about prior prices or whether is a stock is rising or falling. This is actually hard to do and something I struggle with.

 

I still don’t get why Buffett changed his mind so much on Google. He must have had some sort of Eureka moment. I hope it works out for them.

[Milu]

31 minutes ago, Spekulatius said:

This is a correct, Buffett doesn’t care about prior prices or whether is a stock is rising or falling. This is actually hard to do and something I struggle with.

 

I still don’t get why Buffett changed his mind so much on Google. He must have had some sort of Eureka moment. I hope it works out for them.

Yea it is very tough to do alright. I’ve always found it hard to buy a new position where stock has grown a lot before my purchase and also struggled with averaging up on existing positions I hold. Getting slightly better with time. Maybe I’ll have mastered it when I’m buffets age.