Author Topic: Buffett/Berkshire - general news  (Read 675063 times)

nickenumbers

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Re: Buffett/Berkshire - general news
« Reply #1740 on: August 01, 2020, 07:20:43 AM »
I generally don't like puff recycled information news...  but this was well written and a fair amount of current and new information for me.

Buffett and Gates have a 1 hour conversation once a week.  Who knew??

https://finance.yahoo.com/news/heres-what-bill-gates-and-warren-buffett-talk-about-during-covid-19-121314292.html
« Last Edit: August 01, 2020, 10:08:10 AM by nickenumbers »
The fastest Cheetah still waits for the lame baby antelope.  ..patience..


villainx

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Re: Buffett/Berkshire - general news
« Reply #1741 on: August 05, 2020, 01:55:54 PM »
I generally don't like puff recycled information news...  but this was well written and a fair amount of current and new information for me.

Buffett and Gates have a 1 hour conversation once a week.  Who knew??

https://finance.yahoo.com/news/heres-what-bill-gates-and-warren-buffett-talk-about-during-covid-19-121314292.html

Now that you shared that, I just imagine a timer for both of them to say, time's up, see ya next week.  Not that I don't think either are great conversation partners, but I don't talk to anyone other than my spouse and kids for any meaningful amount of time.

=P

villainx

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Re: Buffett/Berkshire - general news
« Reply #1742 on: August 05, 2020, 02:02:11 PM »
Also, with the criticism for Buffett not doing anything during the March lulls.  I got to thinking ... neither of the Ws made meaningful buys either?  Or has this already been addressed?

Buffett himself might wait for clearer signals.  But it would be easier for the Ws to make purchases?  Do you think they share same wait and see approach?  Is it institutionalized, in which case, is there enough contrarian/independent thinking? 

Mephistopheles

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Re: Buffett/Berkshire - general news
« Reply #1743 on: August 05, 2020, 02:10:43 PM »
Also, with the criticism for Buffett not doing anything during the March lulls.  I got to thinking ... neither of the Ws made meaningful buys either?  Or has this already been addressed?

Buffett himself might wait for clearer signals.  But it would be easier for the Ws to make purchases?  Do you think they share same wait and see approach?  Is it institutionalized, in which case, is there enough contrarian/independent thinking? 

Doesn't answer your question, but I am really curious to see what the latest share count is per 10-Q. So far we have seen that Buffett bought back $5 billion of stock Q2, the most ever (I think), and now we are seeing huge purchases of BAC. Perhaps Buffett's outlook has changed, and he bought back at an even faster pace in July.

wescobrk

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Re: Buffett/Berkshire - general news
« Reply #1744 on: August 05, 2020, 03:00:24 PM »
It would be nice to know what changed his mind as he is buying at higher prices here than in March, April and May.

Gregmal

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Re: Buffett/Berkshire - general news
« Reply #1745 on: August 05, 2020, 03:04:03 PM »
Probably the fact that there is significantly more clarity now and in some stocks, such as banks, only a marginal price improvement. The $17 low wasn't really an actionable price as it was more or less intra-day(s). Basically a low $20s number on BAC could be called the lows. So he's been a buyer at basically the same prices give or take 5-10%.

thepupil

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Re: Buffett/Berkshire - general news
« Reply #1746 on: August 05, 2020, 03:22:01 PM »
well he is about $50B pre-tax of AAPL wealthier. needs to buy everything else to rebalance.

A whole lot has changed for the better since March.

Quote
Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good!
« Last Edit: August 05, 2020, 03:26:54 PM by thepupil »

gfp

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Re: Buffett/Berkshire - general news
« Reply #1747 on: August 05, 2020, 04:18:35 PM »
Also, with the criticism for Buffett not doing anything during the March lulls.  I got to thinking ... neither of the Ws made meaningful buys either?  Or has this already been addressed?

Buffett himself might wait for clearer signals.  But it would be easier for the Ws to make purchases?  Do you think they share same wait and see approach?  Is it institutionalized, in which case, is there enough contrarian/independent thinking?

I assume by "W's" you are referring to the junior investment managers Ted and Todd?  We don't know what they did after 3/31 so far except for limited cases where disclosure was required. 

One of them bought more Liberty Sirius for example -
https://www.sec.gov/Archives/edgar/data/315090/000120919120032183/xslF345X03/doc4.xml
https://www.sec.gov/Archives/edgar/data/315090/000120919120033068/xslF345X03/doc4.xml
https://www.sec.gov/Archives/edgar/data/315090/000120919120034157/xslF345X03/doc4.xml

and then exercised their rights in the rights offering -
https://www.sec.gov/Archives/edgar/data/315090/000120919120035265/xslF345X03/doc4.xml

We'll know more later. 

CassiusKing1

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Re: Buffett/Berkshire - general news
« Reply #1748 on: August 05, 2020, 05:17:47 PM »

Quote
Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good!

This is gold Jerry!

Thanks for the chuckle!