Author Topic: Buffett/Berkshire - general news  (Read 648787 times)

DooDiligence

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gfp

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Re: Buffett/Berkshire - general news
« Reply #1611 on: May 19, 2020, 07:25:33 AM »
Berkshire director Meryl Witmer buying shares in the market -


https://www.sec.gov/Archives/edgar/data/1067983/000091957420003765/xslF345X03/ownership.xml

( ~ $2.2 million worth )
« Last Edit: May 19, 2020, 07:28:34 AM by gfp »

buffetteer1984

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Re: Buffett/Berkshire - general news
« Reply #1612 on: May 27, 2020, 08:14:03 AM »
Pershing Square sold out of their berkshire position as per conference call.  Likely due to the disappointment in the lack of capital deployment

longinvestor

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Re: Buffett/Berkshire - general news
« Reply #1613 on: May 27, 2020, 08:55:43 AM »
Pershing Square sold out of their berkshire position as per conference call.  Likely due to the disappointment in the lack of capital deployment

Sure. Buffett didnít listen to Ackman, ha!

Good riddance.

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #1614 on: May 27, 2020, 09:54:01 AM »
Pershing Square sold out of their berkshire position as per conference call.  Likely due to the disappointment in the lack of capital deployment

Icahn must be shorting Berkshire.

 ;D
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Foreign Tuffett

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Re: Buffett/Berkshire - general news
« Reply #1615 on: May 27, 2020, 10:39:30 AM »
Pershing Square sold out of their berkshire position as per conference call.  Likely due to the disappointment in the lack of capital deployment

Sure. Buffett didnít listen to Ackman, ha!

Good riddance.

I'm sure Buffett is really disappointed that guy who blew up his own hedge fund twice no longer owns Berkshire stock
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Xerxes

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Re: Buffett/Berkshire - general news
« Reply #1616 on: May 27, 2020, 12:09:13 PM »
I think Ackman did the right thing.
A hedge fund should be actively looking for opportunities rather than invest into a long-term hold.
Folks don't pay Ackman his fees so that he parks money into Berkshire.

kab60

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Re: Buffett/Berkshire - general news
« Reply #1617 on: May 27, 2020, 12:24:02 PM »
I think Ackman did the right thing.
A hedge fund should be actively looking for opportunities rather than invest into a long-term hold.
Folks don't pay Ackman his fees so that he parks money into Berkshire.
I understand why one would've sold some in March, since upside was better elsewhere, but since everything rallied and Berkshire stayed in the gutter during April and May - like 170-175/share last week - I don't quiet get it. Risk/reward seems as good if not better than in early 2016. Would be great if Buffett bought back shares when he realized things probably would not turn out as bad as feared.

Gregmal

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Re: Buffett/Berkshire - general news
« Reply #1618 on: May 27, 2020, 12:30:05 PM »
I think Ackman did the right thing.
A hedge fund should be actively looking for opportunities rather than invest into a long-term hold.
Folks don't pay Ackman his fees so that he parks money into Berkshire.

Basically this.

You can rationalize holding it for personal accounts or accounts with certain risk profiles. But as an active manager who charges fees it is very hard to justify holding this. Its amazing that folks would criticize Ackman here, when Buffett is the one who's approach and performance, is if anything, the thing to look at and question.

kab60

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Re: Buffett/Berkshire - general news
« Reply #1619 on: May 27, 2020, 01:04:55 PM »
I think Ackman did the right thing.
A hedge fund should be actively looking for opportunities rather than invest into a long-term hold.
Folks don't pay Ackman his fees so that he parks money into Berkshire.

Basically this.

You can rationalize holding it for personal accounts or accounts with certain risk profiles. But as an active manager who charges fees it is very hard to justify holding this. Its amazing that folks would criticize Ackman here, when Buffett is the one who's approach and performance, is if anything, the thing to look at and question.
I'm not critizising Ackman here. He played it well so far, obviously. I am just surprised he didn't sell Berkshire in March but apparently after the initial strong rally in the broader market if I read this right.

Judging by the results it might have given him a better outcome, I just think the risk/reward is pretty unique now - more so than in March.