Buffett/Berkshire - general news

[Xerxes]

Anyone has access to this article ?

 

[Kuhndan]

I don’t have a subscription to the article but it is about this guy

 

https://www.amazon.com/dp/B0BSWQP3Y7?ref_=pe_3052080_397514860&asin=B0BSWQP3Y7&revisionId=&format=4&depth=1

[throw123]

7 hours ago, Kuhndan said:

I don’t have a subscription to the article but it is about this guy

 

https://www.amazon.com/dp/B0BSWQP3Y7?ref_=pe_3052080_397514860&asin=B0BSWQP3Y7&revisionId=&format=4&depth=1

I just visited his website. Seems alot of self promotion and not sure why he is publishing some of his buys... Is he legit? 

Edited March 10, 2023 by throw123

[nwoodman]

Warren Buffett’s Berkshire Hathaway Can Capitalize on Market Turmoil

 

yup  

 

Edited March 11, 2023 by nwoodman

[NnnnotSoSmart]

18 hours ago, nwoodman said:

Warren Buffett’s Berkshire Hathaway Can Capitalize on Market Turmoil

 

yup  

 

Not behind a paywall:

 

https://stocks.apple.com/AUUUVmaKkQ5SQ_oa9XLFTqA

[james22]

https://archive.ph/Rsbt2

[John Hjorth]

Reuters [March 15^th 2023] : Berkshire Hathaway to beef up risk disclosures following SEC request.

[gfp]

28 minutes ago, John Hjorth said:

Reuters [March 15^th 2023] : Berkshire Hathaway to beef up risk disclosures following SEC request.

 

This is the letter the SEC sent

https://www.sec.gov/Archives/edgar/data/1067983/000000000022009598/filename1.pdf

 

Berkshire's response "As requested, we confirm that we will enhance future proxy disclosures in accordance with topics discussed in the Corp Finance Letter as well as to any material developments to Berkshire Hathaway's risk oversight structure."

[MarioP]

It also asked Berkshire to address whether its lead independent director can override Buffett on risk matters or ask the board to consider them. 

 

Where in the world will you find somebody better than Charlie to do that? We have here the two most risk averse guys in corporate america and we have to find somebody to check them...

 

Hey Mr Buss you better find somebody who will teach Lebron how to play before giving him all that money!!! 

[John Hjorth]

5 minutes ago, MarioP said:

It also asked Berkshire to address whether its lead independent director can override Buffett on risk matters or ask the board to consider them. 

 

Where in the world will you find somebody better than Charlie to do that? We have here the two most risk averse guys in corporate america and we have to find somebody to check them...

 

Hey Mr Buss you better find somebody who will teach Lebron how to play before giving him all that money!!! 

 

@MarioP,

 

Personally, I consider the question asked relevant. Let's see the Berskhire reply first, and then, let's discuss.

 

[gfp]

Berkshire's proxy should be out any day now.  I don't even know who they are calling the "lead" independent director these days.  At one point it was Gates.

[John Hjorth]

1 hour ago, gfp said:

Berkshire's proxy should be out any day now.  I don't even know who they are calling the "lead" independent director these days.  At one point it was Gates.

 

Based on your post, @gfp,

 

I tried to look around on the Berkshire website, also out in the corners. All to no awail about determining ""lead" independent director".

 

Hum-ho, change gonna come.

Edited March 15, 2023 by John Hjorth

[jbwent63]

2 hours ago, John Hjorth said:

 

Based on your post, @gfp,

 

I tried to look around on the Berkshire website, also out in the corners. All to no awail about determining ""lead" independent director".

 

Hum-ho, change gonna come.

Isn't Susan Decker considered the lead independent director?

 

On another topic, how many shares of OXY do you think Omaha scooped up today?

[gfp]

3 hours ago, jbwent63 said:

Isn't Susan Decker considered the lead independent director?

 

On another topic, how many shares of OXY do you think Omaha scooped up today?

 

This much!

https://www.sec.gov/Archives/edgar/data/315090/000089924323008649/xslF345X03/doc4.xml

[nwoodman]

1 hour ago, gfp said:

 

This much!

https://www.sec.gov/Archives/edgar/data/315090/000089924323008649/xslF345X03/doc4.xml

Another 7.9m shares, a thing of beauty. The elephant is squarely in the sights

[John Hjorth]

Posted by James [ @james22 ] in the topic about the war in Ukraine, about Mr. Tilson :

 

https://assets.empirefinancialresearch.com/uploads/2023/03/My-trip-to-Ukraine-last-week-Whitney-Tilson-3-13-23-1.pdf

 

Some interesting stuff is mentioned on p. 43 about the Howard Buffett Foundation, mentioned here for those who not read the topic about the war.

Edited March 16, 2023 by John Hjorth

[ValueMaven]

Added to BRKB in my Roth IRA (retirement account here in the US) at $297 ... personally, anything below $300 on the B's is very attractive to me.  

[throw123]

11 minutes ago, ValueMaven said:

Added to BRKB in my Roth IRA (retirement account here in the US) at $297 ... personally, anything below $300 on the B's is very attractive to me.  

agree

[CassiusKing1]

Same strategy here.  All new money goes to BRK when it's under $300.

[nwoodman]

FWIW

 

[yesman182]

From the Proxy:

 

As of the close of business on March 8, 2023, the record date for the Annual Meeting, the Corporation had outstanding and entitled to vote 590,238 shares of Class A Common Stock (hereinafter called “Class A Stock”) and 1,298,190,161 shares of Class B Common Stock (hereinafter called “Class B Stock”).

 

From the annual report: 

 

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock: February 13, 2023—Class A common stock, $5 par value 590,835 shares February 13, 2023—Class B common stock, $0.0033 par value 1,301,100,243 shares

 

So if my math and understanding is correct they repurchased 597 class A shares and 2,910,082 class b shares between  feb 13th and march 8th. That would mean WEB spent around 1.1 Billion in 20 trading days and Berkshire has only gotten cheaper since March 8th. Hopefully WEB is still buying back shares.  

[Monsieur_dee]

Thanks for the update. Seems to be buying at prices he was passing or slowing down on last year. 

[John Hjorth]

Thank you, @yesman182,

 

Good one. Thanks for sharing the calculation. Yes, let's hope Berkshire really starts shovelling shares in while the stock is following the market downwards, in periods of time even below 300 for the B.

 

And your post also informing us the proxy is here.

[gfp]

9 hours ago, yesman182 said:

From the Proxy:

 

As of the close of business on March 8, 2023, the record date for the Annual Meeting, the Corporation had outstanding and entitled to vote 590,238 shares of Class A Common Stock (hereinafter called “Class A Stock”) and 1,298,190,161 shares of Class B Common Stock (hereinafter called “Class B Stock”).

 

From the annual report: 

 

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock: February 13, 2023—Class A common stock, $5 par value 590,835 shares February 13, 2023—Class B common stock, $0.0033 par value 1,301,100,243 shares

 

So if my math and understanding is correct they repurchased 597 class A shares and 2,910,082 class b shares between  feb 13th and march 8th. That would mean WEB spent around 1.1 Billion in 20 trading days and Berkshire has only gotten cheaper since March 8th. Hopefully WEB is still buying back shares.  

 

Yep, that is right - about $1.16 Billion worth between 2/13 and 3/8 if you use $305/B-share as a guess on avg. cost.

 

Similarly, about $1.845 Billion worth of repurchases since 12/31 if you use $305/B-share as an avg. cost.

 

3/8 share count is 2.183547 Billion B-share equivalents ($641 Billion market cap)

3/8 share count is 1,455,698 A-share equivalents.

[sleepydragon]

10 hours ago, yesman182 said:

From the Proxy:

 

As of the close of business on March 8, 2023, the record date for the Annual Meeting, the Corporation had outstanding and entitled to vote 590,238 shares of Class A Common Stock (hereinafter called “Class A Stock”) and 1,298,190,161 shares of Class B Common Stock (hereinafter called “Class B Stock”).

 

From the annual report: 

 

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock: February 13, 2023—Class A common stock, $5 par value 590,835 shares February 13, 2023—Class B common stock, $0.0033 par value 1,301,100,243 shares

 

So if my math and understanding is correct they repurchased 597 class A shares and 2,910,082 class b shares between  feb 13th and march 8th. That would mean WEB spent around 1.1 Billion in 20 trading days and Berkshire has only gotten cheaper since March 8th. Hopefully WEB is still buying back shares.  

If I remember correctly, someday after 3/8 I was looking at A shares’s volume, and noticed its ADV was higher than its historical ADV.