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2021 Q3 13F


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Interesting to see BRK trade in and out of CVX. 

 

I know Buffett has been looking at oil price for decades.  I wonder if he keeps track of marginal production cost, and goes in when oil companies are priced assuming oil price below marginal production cost and gets out when oil companies are priced assuming oil price above that? Or, wonder if he is going in when he gets worried about inflation, and comes out when he is less worried?  

 

He has gone in and out of XOM multiple times before.  If memory serves right, he also went into COP once, but then, had to sell at a loss because inflation didn't materialize and oil price fell a lot that time.

 

 

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Apple has gone and hit a new all time high today.  Berkshire's 907.56 million shares are worth more than $143 Billion (pretax) this afternoon.

Edited by gfp
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7 minutes ago, gfp said:

Apple has gone and hit a new all time high today.  Berkshire's 907.56 million shares are worth more than $143 Billion (pretax) this afternoon.

 

Which translates to an estimated realtime BV of 223.5, or 1.26x. I've been adding June 24 calls earlier today. 

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5 minutes ago, gfp said:

Apple has gone and hit a new all time high today.  Berkshire's 907.42 million shares are worth more than $143 Billion (pretax) this afternoon.

 

and UNP recently crossed 150 Billion Market Cap.

 

Cash(150B) + Stock holdings(333B) + BNSF(150B) = BRK(630B)  the rest of the BRK businesses are free.

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On 11/16/2021 at 11:55 PM, LearningMachine said:

Interesting to see BRK trade in and out of CVX. 

 

I know Buffett has been looking at oil price for decades.  I wonder if he keeps track of marginal production cost, and goes in when oil companies are priced assuming oil price below marginal production cost and gets out when oil companies are priced assuming oil price above that? Or, wonder if he is going in when he gets worried about inflation, and comes out when he is less worried?  

 

He has gone in and out of XOM multiple times before.  If memory serves right, he also went into COP once, but then, had to sell at a loss because inflation didn't materialize and oil price fell a lot that time.

 

 

 

he is trying to catch the ex-dividend dates for a 5% on a round-trip

 

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