Buffett/Berkshire - general news

[nickenumbers]

Here is my quick math.

 

                    2/13/2020       3/04/2020     Diff            Aprox Value

 

A                   700,396         699,123

B                   1,385,994,959 1,382,352,370

 

"A" Share Equiv 1,624,393           1,620,691     (3,701) ($1,032,688,554)

                                                                -0.23%

 

[StubbleJumper]

It seems BRK has posted a new Proxy to their webpage.

 

Check it out  https://berkshirehathaway.com/2020ProxyStmt.pdf

 

 

It seems that they post their share count as of 3/4/2020, and I compared it to the count at 2/13/2020.  Unless I am wrong, it seems they have only repurchased about $1B during that time period.

 

Now, we all know the time after 3/4/2020 was pretty turbulent.  I hope they repurchased more shares.

 

 

Thanks for digging that out and sharing.  At first glance, those numbers a bit disappointing.  On the other hand, that's $1B in three weeks, which would be an annualized rate of ~$17B, if they elected to keep it going for an entire year.  If they do elect to keep it going for an entire year, at least BRK's total cash balance wouldn't continue to increase appreciably....

 

 

SJ

[wabuffo]

At first glance, those numbers a bit disappointing.  On the other hand, that's $1B in three weeks

 

To be fair, those updated share counts are through March 4.  BRK-B (for example) was still trading well above $200 til then with the lowest intra-day low of $199.68 in late Feb.

 

Prices really declined since then and trading volumes ramped up.  There's no guarantee that Buffett got more active since March 4th - but here's hoping he did.

 

wabuffo

 

 

[gfp]

Looks right.  Of course it cost them more than $1.03 Billion to buy because they were buying between those dates and it appears you used todays price to estimate the dollar amount.  More than $1.2 Billion worth in three weeks - so a decent rate but they may have stopped buying in the dip just because that's how he seems to do things...

 

Here is my quick math.

 

                    2/13/2020       3/04/2020     Diff            Aprox Value

 

A                   700,396         699,123

B                   1,385,994,959 1,382,352,370

 

"A" Share Equiv 1,624,393           1,620,691     (3,701) ($1,032,688,554)

                                                                -0.23%

[wescobrk]

They should do a longevity study with the Berkshire board members in their 90's. There are 3 currently and will be 4 in August!

I wonder if there is any other company in the S&P 500 that has ANY board members that are 90 and up?

[bookie71]

How much is converting A shares to B shares to give to the Gates and other foundations?

 

[gfp]

How much is converting A shares to B shares to give to the Gates and other foundations?

 

That should be accounted for by using "a share equivalents" or "b share equivalents"

[CassiusKing1]

Question:  Has anyone received their Shareholder credentials for the meeting?  Are they even mailing those out this year due to the circumstances?

I have a collection going back years of all the credentials, so was curious as the status of this years.  Thanks.

[JGBRK]

Shareholders cannot attend meeting, no credentials.

 

https://berkshirehathaway.com/sharehold.html

 

[BRK7]

Charlie will not be part of the Q&A this year:

 

https://berkshirehathaway.com/meet01/2020Meetinginfo-apr2620.pdf

 

 

[StubbleJumper]

Charlie will not be part of the Q&A this year:

 

https://berkshirehathaway.com/meet01/2020Meetinginfo-apr2620.pdf

 

 

Yeah, he seemed to struggle through it a bit last year.  At times he seemed to be falling asleep and on one or two occasions, WEB had to smoothly bail him out.  It's a big day for somebody his age...

 

 

SJ

[John Hjorth]

Charlie will not be part of the Q&A this year:

 

https://berkshirehathaway.com/meet01/2020Meetinginfo-apr2620.pdf

 

So we're missing out on quite some :

 

... Charlie?

 

I have nothing to add.

 

[ ; - ) ]

[wescobrk]

Wow, no Ajit either.

Very strange.

[Buckeye]

This is smart.  With Covid-19, you probably don't want your top three guys in the same room together. 

[Mephistopheles]

I don't get why they can't each video in from different locations

[wescobrk]

I don't get why they can't each video in from different locations

 

Agreed, not even having Charlie and Ajit on speaker phone? Wtf?

[nickenumbers]

Yeah, I agree with you guys.  It is really smart and necessary to physically distance all of them...

 

But, we all look forward to Charlie.  Maybe they could let him talk for 10 minutes at the end.  Just cut to video in California, wake Charlie up from his nap and say "Talk Charlie."

 

I don't care what he says it would be great.  Dude is Wicked SMART and hysterical.

 

[wescobrk]

it isn't a safety issue. Charlie and Agit can talk over the phone.

Very disappointing. I guess the Jason Zweig interview of Charlie from a couple of weeks ago is all we are going to get this year unless something changes.

[alpha]

Short Andy Serwer interview:  https://ca.finance.yahoo.com/video/exclusive-warren-buffett-advanced-capitalism-130429262.html

[longterminvestor]

wonder why Greggory Warren (Morningstar) got the boot from being on the panel asking questions? 

[Guest]

It would suck if Munger is never there again.

[Guest longinvestor]

wonder why Greggory Warren (Morningstar) got the boot from being on the panel asking questions?

 

Only the journalists are represented by Betty Quick. The analyst panel is not in the plan this year. G Warren included.

[Liberty]

Sorry if already posted, but interview with Buffett (posted April 30, recorded March 10):

 

[longterminvestor]

Here is some insight (video and transcript) from Morningstar's Greg Warren regarding Berkshire titled "What the Pandemic Means for Berkshire Hathaway":

 

https://www.morningstar.com/articles/981005/what-the-pandemic-means-for-berkshire-hathaway

[good-investing]

I had the pleasure to publish an interveiw with Greggory Warren today:

Greggory is one of the 6 questioniares at the Berkshire Hathaway Annual meeting. In the interview we were talking about culture and valuation at Berkshire. Beside the fact, that we did it in November 2019, it offers a lot of good insights.