Author Topic: Buffett/Berkshire - general news  (Read 508859 times)

stahleyp

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Re: Buffett/Berkshire - general news
« Reply #1350 on: October 01, 2019, 03:04:50 PM »
Interesting that WEB already came out and said he wouldnt be investing..

Why would he? If she can do deals that are too small for BRK, the gains won’t  be material. If she were to compete with BRK he doesn’t have a reason to invest in her vehicle either.

Where did you guys see this?

His personal account is way smaller so I would imagine he would invest with her if he thought she would do better. Look at Munger and Li Lu.

It was in the stories the day of the announcement.  From WSJ: "Mr. Buffett said he understood Ms. Britt Cool’s decision because he also left a job he loved, at his mentor Benjamin Graham’s investment firm, to work for himself in 1956. He added that he doesn’t intend for Berkshire to invest in Ms. Britt Cool’s new venture."

I think he may have said that more reasons than that he didn't think she would succeed.  First, he didn't say that he wouldn't invest, but that Berkshire wouldn't invest.  We have no idea what he does personally; my guess is that he does not invest in other people's funds based on his history.  Can anyone recall a single instance when he did that?  He has never been one to outsource his personal investing.  Second, if Berkshire invested in Britt's new vehicle, that might set a bad precedent.  Buffett doesn't want to give an incentive for people to leave Berkshire, and he probably doesn't want to be in a position of having people leave and investing in some but not others.

Thanks!

It's been a while so I might be mis-remembering this but I think he invested with his nephew either through his fund or bomn.
Paul


John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #1351 on: October 02, 2019, 04:23:52 PM »
Competition Policy International [October 2nd 2019] : US: Hyundai, Kia sue four biggest railroads.


Quote
... BNSF is a unit of billionaire Warren Buffett’s Berkshire Hathaway, but was a standalone company at the time of the alleged conspiracy. ...
”In the race of excellence … there is no finish line.”
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DanielGMask

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Re: Buffett/Berkshire - general news
« Reply #1352 on: October 15, 2019, 07:18:01 PM »
https://buffett.cnbc.com/warren-buffett-archive/

Buffett in his own words

The Warren Buffett Archive is the world’s largest collection of Buffett speaking about business, investing, money and life.

- 26 full Berkshire Hathaway annual meetings, going back to 1994, with a highlight reel for each year
- 130 hours of searchable video, synchronized to 2800 pages of transcripts
- 500 video clips covering scores of subjects
- CNBC interviews, a Buffett Timeline, and a Berkshire Portfolio Tracker
You should follow me on twitter @ManSalceda

Cigarbutt

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Re: Buffett/Berkshire - general news
« Reply #1353 on: October 17, 2019, 06:06:17 AM »
Applied Underwriters sale information -
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/53946178
It appears that the 'story' has evolved (murkier?) with a new buyer and a slightly different price tag.
https://www.insurancejournal.com/news/national/2019/10/16/545668.htm

The official line continues to be the "channel conflict" issue but, even if the picture is incomplete, there are red flags that suggest that the issue may have been more 'cultural'.
https://www.consumerwatchdog.org/news-story/flash-report-ricardo-lara-was-it-money-laundering-bribery
https://yubanet.com/california/release-of-calendar-and-public-records-suggest-lara-made-first-contact-in-pay-to-play-insurance-scandal/

longinvestor

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Re: Buffett/Berkshire - general news
« Reply #1354 on: October 17, 2019, 06:20:42 PM »
Extra! Extra! Headline on Marketwatch; That's the smartest piece of stock insight I've read lately!

*Berkshire Hathaway Class A stock price target cut to $362,000 from $367,000 at UBS
BY MarketWatch
— 12:16 PM ET 10/17/2019


  (END) Dow Jones Newswires
  10-17-19 1216ET
  Copyright (c) 2019 Dow Jones & Company, Inc.

Cigarbutt

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Re: Buffett/Berkshire - general news
« Reply #1355 on: October 21, 2019, 01:06:31 PM »
https://www.insurancejournal.com/news/national/2019/10/21/545886.htm
This is not going according to plan and there may be more than a fly in the ointment.

gfp

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Viking

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Re: Buffett/Berkshire - general news
« Reply #1357 on: November 01, 2019, 12:14:37 PM »
Extra! Extra! Headline on Marketwatch; That's the smartest piece of stock insight I've read lately!

*Berkshire Hathaway Class A stock price target cut to $362,000 from $367,000 at UBS
BY MarketWatch
— 12:16 PM ET 10/17/2019


  (END) Dow Jones Newswires
  10-17-19 1216ET
  Copyright (c) 2019 Dow Jones & Company, Inc.

So Berkshire’s largest equity holdings (Apple and big US banks) are on fire. And we look to be entering a hard market in isurance (which will benefit diciplined operators like BRK in a big way). US economy continues to chug along... all this = price cut for BRK. :-)

Gregmal

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Re: Buffett/Berkshire - general news
« Reply #1358 on: November 01, 2019, 01:20:37 PM »
I put on a quick trade here today. It seems this has lagged everything, including some of the stuff mentioned above regarding its larger holdings, not to mention the broader market. The stock traded at levels we know they were buying back stock at, into the Q3 close. While I am sure Warren doesnt fret what others think or are saying about him, I am sure he 's not totally deaf or blind, even at 90+. So in other words, I think theres more negativity baked into this than necessary, and that Mr. Market could be pleasantly surprised by whats reports, in which case, Im looking for a relatively risk free $5-10 a share in short order. As always, I could be wrong, but in that event, theres worse things to own.

boilermaker75

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Re: Buffett/Berkshire - general news
« Reply #1359 on: November 02, 2019, 04:19:32 AM »
I put on a quick trade here today. It seems this has lagged everything, including some of the stuff mentioned above regarding its larger holdings, not to mention the broader market. The stock traded at levels we know they were buying back stock at, into the Q3 close. While I am sure Warren doesnt fret what others think or are saying about him, I am sure he 's not totally deaf or blind, even at 90+. So in other words, I think theres more negativity baked into this than necessary, and that Mr. Market could be pleasantly surprised by whats reports, in which case, Im looking for a relatively risk free $5-10 a share in short order. As always, I could be wrong, but in that event, theres worse things to own.

I have a similar take and put on a little more conservative trade. Yesterday morning I wrote 210-strike Nov 8 expiration puts.