Author Topic: Buffett/Berkshire - general news  (Read 509958 times)

John Hjorth

  • Hero Member
  • *****
  • Posts: 2820
Re: Buffett/Berkshire - general news
« Reply #260 on: February 24, 2016, 02:46:16 PM »
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai


Charlie

  • Sr. Member
  • ****
  • Posts: 295
Re: Buffett/Berkshire - general news
« Reply #261 on: February 24, 2016, 10:13:18 PM »
"Here's What Buffett Wouldn't Do, and Maybe You Shouldn't Either

http://www.bloomberg.com/news/articles/2016-02-24/here-s-what-buffett-wouldn-t-do-and-maybe-you-shouldn-t-either"

Thanks for posting. I like this quote:

Don’t be distracted by macroeconomic forecasts: “The cemetery for seers has a huge section set aside for macro forecasters. We have in fact made few macro forecasts at Berkshire, and we have seldom seen others make them with sustained success.” (2004)

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1801
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #262 on: March 08, 2016, 11:35:48 AM »
http://www.bloomberg.com/news/articles/2016-03-08/buffett-s-berkshire-plans-bond-sale-to-repay-10-billion-loan?cmpid=yhoo.headline

So, cash balance post-PCP is $39b (61 minus 23). What's the next elephant look like? Depending on when it happens, they could be bumping against the $20B cash cushion. OTOH, roughly $100B of cash gushers into Omaha over the next five years! What a problem to have.

marazul

  • Jr. Member
  • **
  • Posts: 90
Re: Buffett/Berkshire - general news
« Reply #263 on: March 08, 2016, 11:51:35 AM »
Think Deere might be a candidate in a year or so.

LC

  • Hero Member
  • *****
  • Posts: 3736
Re: Buffett/Berkshire - general news
« Reply #264 on: March 08, 2016, 01:43:16 PM »
With 100B he could buy Nike, Starbucks, or 3M.

I mean, wow.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
brk.b | irm | mmm | mo | nlsn | pm | pypl | tap | v | wm

doughishere

  • Hero Member
  • *****
  • Posts: 1190
Re: Buffett/Berkshire - general news
« Reply #265 on: March 23, 2016, 05:55:32 PM »
Base Hit Investing.

http://basehitinvesting.com/berkshire-hathaway-is-safe-and-cheap/

Quote
For $140 per share, we are getting $98 of cash and investments, and roughly $9 per share of pretax earning power. So backing out the investments per share, we are paying roughly 4.5 times pretax earnings for Berkshire’s businesses.

At Berkshire’s tax rate of around 30%, this is a P/E of around 6.5 for a diversified group of quality businesses that produce above average returns on equity and—as a group—are growing their earning power. Seems like a good bet.

Buffett once said he likes to pay 10 times pretax earnings for good businesses. I think this is because he thinks the businesses he buys can a) grow their earning power over time, and b) are probably worth somewhat more than 10 times pretax earnings.

At the current price, we’re getting these businesses for half of this general rule of thumb.
« Last Edit: March 23, 2016, 05:59:09 PM by doughishere »

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1801
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #266 on: March 28, 2016, 07:20:05 AM »
http://finance.yahoo.com/news/ubs-love-berkshire-hathaway-because-135520572.html

Online media headlines are usually click-and-bait for eyeballs and ads, but the message behind this headline is correct. Berkshire's capital has increasingly been allocated by others for several years now. The reason for a Buffett premium does not exist anymore. One could argue that a Buffett discount prevails, with concern over his age. The longer this continues the better, on many fronts; the most important reason for me would be the mentoring opportunities other allocators would have with Buffett. Or Munger, that'd be potent medicine. I can picture one of them running an idea by Munger and looking stupid, ooh! More than Buffett, it would be Munger's role that Berkshire would need the most in the next 50 years. I highly doubt that other Mungers exist. Hope the successors are absorbing his lessons well. 
« Last Edit: March 28, 2016, 07:32:48 AM by longinvestor »

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1801
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #267 on: April 05, 2016, 01:21:44 PM »
http://finance.yahoo.com/news/berkshire-hathaway-upside-whitney-tilson-book-value-intrinsic-value-buyback-floor-174045742.html

Tilson has the current IV at $283k and EOY 16 at $308k.

using the simple math of per share Investments + pre-tax earnings x 10.

fareastwarriors

  • Hero Member
  • *****
  • Posts: 3543
Re: Buffett/Berkshire - general news
« Reply #268 on: April 12, 2016, 02:22:16 PM »
A Potential Warren Buffett Successor Gets More Duties at Berkshire

Ajit Jain to assume oversight of Gen Re insurance business as unit CEO Tad Montross retires

http://www.wsj.com/articles/gen-re-ceo-tad-montross-to-retire-by-year-end-1460475844

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1801
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #269 on: April 14, 2016, 04:14:50 PM »