Author Topic: Buffett/Berkshire - general news  (Read 490926 times)

Charlie

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Re: Buffett/Berkshire - general news
« Reply #700 on: February 22, 2018, 11:27:03 PM »
http://www.berkshirehathaway.com/news/feb2218.pdf

OMAHA, NE—Berkshire Hathaway Inc.’s 2017 Annual Report to the shareholders will be posted on the Internet on Saturday, February 24, 2018, at approximately 8:00 a.m. eastern time where it can be accessed at www.berkshirehathaway.com. The Annual Report will include Warren Buffett’s annual letter to shareholders as well as information about Berkshire’s financial position and results of operations. Concurrent with the posting of the Annual Report, Berkshire will also issue an earnings release.


Cheers!  :)


longinvestor

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Re: Buffett/Berkshire - general news
« Reply #701 on: February 23, 2018, 05:22:00 AM »
Charlie, Could I request that you post this under a new topic dedicated to the 2017 letter? The General topic is getting bigger and discussion on the letter would get buried. I am happy to start the thread but you started the discussion first.


http://www.berkshirehathaway.com/news/feb2218.pdf

OMAHA, NE—Berkshire Hathaway Inc.’s 2017 Annual Report to the shareholders will be posted on the Internet on Saturday, February 24, 2018, at approximately 8:00 a.m. eastern time where it can be accessed at www.berkshirehathaway.com. The Annual Report will include Warren Buffett’s annual letter to shareholders as well as information about Berkshire’s financial position and results of operations. Concurrent with the posting of the Annual Report, Berkshire will also issue an earnings release.


Cheers!  :)

Charlie

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Re: Buffett/Berkshire - general news
« Reply #702 on: February 23, 2018, 05:48:32 AM »
OK,  :)

longinvestor, I hope you bought enough Berkshire shares, the letter could be a catalyst for a stock price movement upward, because of increased earning power etc....

Thank you, Donald.  ;)

Charlie

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Re: Buffett/Berkshire - general news
« Reply #703 on: March 05, 2018, 10:12:11 AM »
Berkshire adds Germany's Rubina, expanding global real estate presence

https://www.yahoo.com/finance/news/berkshire-adds-germanys-rubina-expanding-142350350.html


Cheers!  :)

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #704 on: March 09, 2018, 06:46:10 AM »
Here's why Warren Buffett vetoed the original color of the $BRK latest annual report & Realtor Bill Cote disses WEB's CA home saying, “It’s dreadfully overpriced. If you said it was Bette Midler’s house, it might have some cachet.”

Bette Midler, REALLY?

http://www.omaha.com/money/buffett/why-warren-buffett-vetoed-the-color-of-the-cover-for/article_4ce65a51-df34-570f-a672-91910030f7ca.html
Healthcare 25.9% - CVS EW NVO // BRK.B - 23.1% // Auto's & Oil 15.0% - CLB GPC VDE

Entertainment 4.8% - DIS // Banking 9.9% - WFC // Drinkers & Smokers 4.9% - MO

%'s held @ MV 08/29/2019 minus 16.4% investable cash

i trumpet my ignorance

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gfp

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Re: Buffett/Berkshire - general news
« Reply #705 on: March 17, 2018, 08:57:57 AM »
Berkshire proxy filed yesterday.  Standard stuff year to year but with the board changes and appointment of Greg Abel and Ajit Jain to the board, there is some additional discussion of their responsibilities.  Next year it would show their salaries and bonus as well.  Berkshire goes out of their way to be a model for director compensation and Warren and Charlie both continue to reimburse BRK for personal use of taxes and secretaries, $50k each per year.

https://www.sec.gov/Archives/edgar/data/1067983/000119312518086050/d526293ddef14a.htm

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #706 on: March 17, 2018, 02:27:19 PM »
Thank you for sharing, globalfinancepartners,

Like a clockwork, ref. another recent topic here on CoBF in the Berkshire forum.

I particulary found this section of the proxy entertaining - I suppose Mr. Buffett must have been laughing in his car all the way from office to home at the end of the working day after approving this - poor guy, perhaps he needs both free coke and free burgers at office soon:

Quote
CEO Pay Ratio
As mandated by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and required under Item 402(u) of Regulation S-K (“Item 402(u)”), we are disclosing the median of the annual total compensation of all employees of Berkshire and its subsidiaries other than Berkshire’s CEO and the annual total compensation of Berkshire’s CEO, Warren E. Buffett. In preparing this disclosure, Berkshire considered the fact that on September 21, 2017, the Securities & Exchange Commission (“SEC”) issued interpretive guidance to assist registrants in complying with the SEC’s Pay Ratio reporting requirements. Among other things, the SEC’s guidance addressed the use of reasonable estimates, assumptions and methodologies.
Berkshire also considered that Mr. Buffett’s annual compensation has been $100,000 for more than the past 25 years and that Mr. Buffett receives no bonus or any form of equity based compensation. Additionally, Berkshire has over 60 separate operating groups, many of whom have multiple separate operating groups. Accordingly, the identification of the median employee’s annual total compensation of the 377,000 Berkshire subsidiary employees is a significant task.
In light of the fact that Mr. Buffett’s total compensation is far less than almost all public company CEO’s, Berkshire believed that the cost/benefit of complying precisely with the requirements of Item 402(u) would provide little, if any, useful information to its shareholders. Therefore, Berkshire used a judgmental sample representing approximately 2/3 of the total employees of Berkshire and its subsidiaries to determine the median employee’s compensation.
The median employee was determined using 2017 W-2 wages for all U.S. employees and equivalent taxable compensation for all non-U.S. employees included in the sample. The median employee determination included all employees within the sample group who were employed at December 31, 2017. The annual total compensation for the median employee was calculated using the same methodology for calculating the total compensation in accordance with Item 402(c)(2)(x) of Regulation S-K.
Based on the information obtained as described above, the ratio of Mr. Buffett’s annual total compensation ($100,000) to the annual total compensation of the median employee ($53,510) was 1.87 to 1.
« Last Edit: March 17, 2018, 02:28:54 PM by John Hjorth »
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gfp

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Re: Buffett/Berkshire - general news
« Reply #707 on: March 18, 2018, 07:17:02 AM »

Charlie

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Re: Buffett/Berkshire - general news
« Reply #708 on: March 20, 2018, 11:38:08 PM »
Good article in Barrons:

Why Edward Thorp Owns Only Berkshire Hathaway

https://www.barrons.com/articles/why-edward-thorp-only-owns-berkshire-hathaway-1521547200?mod=hp_pop

"Q: What’s in your portfolio now?

A: One good stroke of good fortune was meeting Warren Buffett in 1968. It led me to realize that I needed to invest in Berkshire Hathaway (ticker: BRK.A), although I didn’t do it until 1982. It’s my single investment in the stock market. It’s like a broad value-stocks equity index. I hold it in lieu of VTSAX [the Vanguard Total Stock Market fund]. It does about as well with no current taxes to pay. VTSAX has dividends that are taxed annually. I also have some hedge funds, but I consider them not as good as Berkshire, so I use them to spend and finance other things I do.

Q: Why not go out and find better investments, as you did in the past?

A: When I was 35, I had lots of time and less money, so doing 10% or so better than the index, with little risk, was attractive and fun. At 85, the marginal value of time is higher and the marginal value of money is lower. These are strong disincentives when I can make a long-run 10% or so by doing nothing."
« Last Edit: March 20, 2018, 11:48:54 PM by Charlie »

longinvestor

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Re: Buffett/Berkshire - general news
« Reply #709 on: March 21, 2018, 06:29:28 AM »
Good article in Barrons:

Why Edward Thorp Owns Only Berkshire Hathaway

https://www.barrons.com/articles/why-edward-thorp-only-owns-berkshire-hathaway-1521547200?mod=hp_pop

"Q: What’s in your portfolio now?

A: One good stroke of good fortune was meeting Warren Buffett in 1968. It led me to realize that I needed to invest in Berkshire Hathaway (ticker: BRK.A), although I didn’t do it until 1982. It’s my single investment in the stock market. It’s like a broad value-stocks equity index. I hold it in lieu of VTSAX [the Vanguard Total Stock Market fund]. It does about as well with no current taxes to pay. VTSAX has dividends that are taxed annually. I also have some hedge funds, but I consider them not as good as Berkshire, so I use them to spend and finance other things I do.

Q: Why not go out and find better investments, as you did in the past?

A: When I was 35, I had lots of time and less money, so doing 10% or so better than the index, with little risk, was attractive and fun. At 85, the marginal value of time is higher and the marginal value of money is lower. These are strong disincentives when I can make a long-run 10% or so by doing nothing."

+ 1

I would add that 10% is great when the index is likely to do 3-5% over the next decade.

Also can’t wait for 2019 to end because the headline about Berkshire would be ‘over the past decade BRK has returned >15%’