petec Posted June 9, 2021 Share Posted June 9, 2021 Interesting! https://www.wsj.com/articles/berkshire-hathaway-to-buy-500-million-stake-in-brazils-nubank-11623153600 Link to comment Share on other sites More sharing options...
IceCreamMan Posted June 12, 2021 Share Posted June 12, 2021 Nothing new here, but collects a few old quotes from/about John Malone, Warren Buffett, and Bill Gates. https://markets.businessinsider.com/news/stocks/warren-buffett-bill-gates-microsoft-stock-ipo-john-malone-liberty-2021-6-1030496996 Link to comment Share on other sites More sharing options...
alpha Posted June 14, 2021 Share Posted June 14, 2021 Large fire at Chemtool Plant in Illinois today.... Berkshire not having good luck with fires recently https://ph.news.yahoo.com/explosion-fire-chemtool-facility-forces-181714372.html Link to comment Share on other sites More sharing options...
Gregmal Posted June 14, 2021 Share Posted June 14, 2021 On 6/8/2021 at 11:26 PM, Munger_Disciple said: WSJ editorial board on the propublica article & the IRS: https://www.wsj.com/amp/articles/return-of-the-irs-scandal-11623191964 Yea if you arent with the movement, your civil rights are free to be violated. Its a real shame. Link to comment Share on other sites More sharing options...
gfp Posted June 15, 2021 Share Posted June 15, 2021 Less and less is actually material to Berkshire parent company these days, but in the news yesterday is a large fire at an Illinois Chemtool plant. Chemtool is a subsidiary of Lubrizol (purchased in 2011). https://www.google.com/search?q=chemtool&client=safari&sxsrf=ALeKk014l-R38ukUgBp_ETy-qYpx__RDiA:1623773872280&source=lnms&tbm=nws&sa=X&ved=2ahUKEwi22uiGhZrxAhWXXc0KHWAvCtAQ_AUoBHoECAEQBg&biw=1341&bih=1287 In other news, TransRe (an Alleghany subsidiary) and GenRe are not renewing their 5 year underwriting partnership - https://www.reinsurancene.ws/transre-and-gen-re-break-off-underwriting-partnership/ Link to comment Share on other sites More sharing options...
Thelilyinvestor Posted June 18, 2021 Share Posted June 18, 2021 Will we see a big number of share buybacks in Q2 2021 or a clear slowdown because the share price went up? Anyone any thoughts? I personaly think Berkshire Valuation as pretty much fair so I expect a clear slowdown of buybacks by Buffett. On the other side, I prefer to see them keep doing buybacks even at fair value rather than the cash balance keep going up up and up. Link to comment Share on other sites More sharing options...
ValueMaven Posted June 18, 2021 Share Posted June 18, 2021 I'm glad the stock stopped running higher actually. Link to comment Share on other sites More sharing options...
gfp Posted June 18, 2021 Share Posted June 18, 2021 Its a teeny tiny acquisition at Clayton properties group - https://huntsvillebusinessjournal.com/lead/2021/06/17/goodall-homes-acquires-huntsville-based-legacy-homes/ Link to comment Share on other sites More sharing options...
ValueMaven Posted June 18, 2021 Share Posted June 18, 2021 great find! Thank you Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 18, 2021 Author Share Posted June 18, 2021 Warren Buffett's deputy has scored a 300% gain on Dillard's in 9 months - and now boasts a $170 million stake https://markets.businessinsider.com/news/stocks/warren-buffett-deputy-ted-weschler-makes-gain-dillards-stock-2021-6-1030534902 Link to comment Share on other sites More sharing options...
alpha Posted June 23, 2021 Share Posted June 23, 2021 Buffett resigns as a trustee from Gates Foundation: https://www.reuters.com/article/gates-foundation-buffett/update-3-warren-buffett-resigns-from-gates-foundation-has-donated-half-his-fortune-idUSL3N2O52OA Link to comment Share on other sites More sharing options...
John Hjorth Posted June 23, 2021 Share Posted June 23, 2021 The original message from Mr. Buffett mentioned by @alpha in the post above can be found here . Reading it is to me worth our time. Link to comment Share on other sites More sharing options...
Fitz Posted June 23, 2021 Share Posted June 23, 2021 2 hours ago, John Hjorth said: The original message from Mr. Buffett mentioned by @alpha in the post above can be found here . Reading it is to me worth our time. Great read! thanks for the link. A gentleman to the end! Link to comment Share on other sites More sharing options...
John Hjorth Posted June 23, 2021 Share Posted June 23, 2021 Fitz, -What do you actually read? - I want to discuss! Link to comment Share on other sites More sharing options...
wabuffo Posted June 23, 2021 Share Posted June 23, 2021 New 13-D by Buffett. https://sec.gov/Archives/edgar/data/315090/000119312521197258/d174483dsc13da.htm He owns 238,624 A-Shares and 2,412 B-Shares = 15.8% economic interest at of June 21st. That's a reduction since Q1 of 23.05m B-equivalent shares. At an average price of $285 per B-share, that's $6.6b in buybacks in Q2 so far. If yes, that's huge buying even at prices people might've thought would mean he would stop/slow down the share repurchases. wabuffo Link to comment Share on other sites More sharing options...
JPerez Posted June 23, 2021 Share Posted June 23, 2021 (edited) According to the filing after his latest philanthropic donations Warren Buffett's stake in Berkshire is down to 238626.6 class A equivalent shares which represents a 15.8% economic interest. So if my math is correct outstanding A equivalent shares as per today are between 1515000 and 1505000. There were 1525655 the 31st of march. So they have repurchased between 20000 and 10000. So that is between 4.15 and 8.3 billion. So it looks like buybacks are continuing at a decent clip despite the higher prices Edited June 23, 2021 by JPerez Error in calculation Link to comment Share on other sites More sharing options...
wabuffo Posted June 24, 2021 Share Posted June 24, 2021 (edited) https://seekingalpha.com/news/3709624-hershey-gains-on-berkshire-hathaway-takeover-speculation Hershey corporate jet spotted in Omaha. Leads to speculation about the Old Fool buying HSY. Of course, the Hershey Trust would have to approve - but perhaps they would like to do a swap for BRK stock... Also in the news.... https://apnews.com/article/ne-state-wire-health-coronavirus-pandemic-business-144420903ce861113de38af2edc87b71 Buffett and Munger sit-down interview on CNBC next Tues. 7pm on CNBC. wabuffo Edited June 24, 2021 by wabuffo Link to comment Share on other sites More sharing options...
ValueMaven Posted June 24, 2021 Share Posted June 24, 2021 Source on the CNBC interview? That would be awesome. Regarding Hershey - I dont know enough. I know Buffett has sung the praises of Mars for years Link to comment Share on other sites More sharing options...
nickenumbers Posted June 24, 2021 Share Posted June 24, 2021 19 hours ago, wabuffo said: New 13-D by Buffett. https://sec.gov/Archives/edgar/data/315090/000119312521197258/d174483dsc13da.htm He owns 238,624 A-Shares and 2,412 B-Shares = 15.8% economic interest at of June 21st. That's a reduction since Q1 of 23.05m B-equivalent shares. At an average price of $285 per B-share, that's $6.6b in buybacks in Q2 so far. If yes, that's huge buying even at prices people might've thought would mean he would stop/slow down the share repurchases. wabuffo Wabuffo, Congrats on being picked up by Whitney Tilson for your work above in Whitney's email today. And, Thank you for doing the share repurchase math for some of the more lazy investors. ME! Congrats and CHEERS! Link to comment Share on other sites More sharing options...
John Hjorth Posted June 24, 2021 Share Posted June 24, 2021 (edited) Where does one sign up for e-mails from Whitney Tilson? [Well, right now, I have 131,015 of such [in the meaning: Unread!]]. Edited June 24, 2021 by John Hjorth Link to comment Share on other sites More sharing options...
ValueMaven Posted June 24, 2021 Share Posted June 24, 2021 https://www.barrons.com/articles/warren-buffett-filing-indicates-berkshire-hathaway-bought-back-6-billion-of-stock-in-2nd-quarter-51624487156?mod=hp_LEADSUPP_1 Link to comment Share on other sites More sharing options...
hasilp89 Posted June 24, 2021 Share Posted June 24, 2021 wow has Ted has crushed it in his IRA 9000x over 35 years. https://www.documentcloud.org/documents/20971124-ted-weschler-statement Link to comment Share on other sites More sharing options...
LearningMachine Posted June 24, 2021 Share Posted June 24, 2021 38 minutes ago, hasilp89 said: wow has Ted has crushed it in his IRA 9000x over 35 years. https://www.documentcloud.org/documents/20971124-ted-weschler-statement Thank you for sharing. Almost 30% annual return over 35 years without having to worry about taxes. Link to comment Share on other sites More sharing options...
gfp Posted June 24, 2021 Share Posted June 24, 2021 Thanks for sharing the link. From the Pro Publica article, Ted had $264.4 million in his Roth IRA at the end of 2018. Safe to assume considerably more today. Amazing that Berkshire has found such rare talents to take the job. Link to comment Share on other sites More sharing options...
aws Posted June 24, 2021 Share Posted June 24, 2021 Based on the numbers in the letter, $70,385 in 1989 to $131 million in 2012 is more like a 39% annual return, which is absolutely incredible considering he said every investment was in publicly traded stocks at market prices. However, I wonder how his tax bill was only $28 million on a $131 million conversion. Roth conversions are ordinary income, and the top tax bracket was 35%, so it should have been more like $46 million. I can't think of any way that could have been possible if he did take all the income in a single year like he said. Link to comment Share on other sites More sharing options...
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