Author Topic: Buffett/Berkshire - general news  (Read 521242 times)

Palantir

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Re: Buffett/Berkshire - general news
« Reply #280 on: May 20, 2016, 07:28:39 AM »

Furthermore we've already seen greater involvement from them, esp Ted, in operations/acquisitions. And they're young, and both work in Omaha.

I think both are still in their home offices.
« Last Edit: May 20, 2016, 07:33:23 AM by Palantir »
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gfp

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Re: Buffett/Berkshire - general news
« Reply #281 on: May 20, 2016, 08:04:23 AM »
Todd Combs moved to Omaha.  Ted Weschler commutes from Virginia.  Both have offices down the hall from Buffett.  I'm sure they have home offices as well

Mephistopheles

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Re: Buffett/Berkshire - general news
« Reply #282 on: May 20, 2016, 11:52:42 AM »
The skill most needed to be successful in the successor job would be to attract, retain, cheerlead and assure that the leadership transition at the subsidiaries goes without too much disruption. Someone who has mastery over designing incentives would be hugelyv valuable. I don't know enough about Todd and Ted to say they fit the above. My sense is they'd be more in line to take on the entire portfolio of $120b from the $9 b


For sure they will take over the entire portfolio; that's already been decided.

I'd argue that the #1 skill needed is allocating capital across a variety of industries - which they already have a good sense for as they manage investment portfolios. In contrast, Ajit Jain, Matt Rose (or whomever the BNSF CEO is now), and Greg Abel allocate capital in very specific industries. They also spend their time in operations of their specific companies.

It would be hard for Jain, for example, to manage the insurance companies and also manage the rest of Berkshire and filter through hundreds of potential acquisitions every year. On the other hand making acquisitions goes right into Ted/Todd's job function, only instead of just public companies they'd also be looking at privately held companies.

gfp

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Re: Buffett/Berkshire - general news
« Reply #283 on: May 31, 2016, 05:47:24 AM »
Westar Energy had been rumored to be a possiblility for Berkshire Hathaway Energy.  Looks like they either weren't interested - or much more likely - the bidding got too rich to justify.  Great Plains Energy won the "auction" - acquisition premium has been building in the stock for months

http://www.wsj.com/articles/great-plains-energy-to-buy-westar-energy-for-8-6-billion-1464691927

fareastwarriors

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Re: Buffett/Berkshire - general news
« Reply #284 on: June 10, 2016, 07:02:25 AM »
Warren Buffett’s Dicey Power Play

MGM and Wynn move to leave Nevada’s Berkshire-owned utility.

http://www.bloomberg.com/news/articles/2016-06-10/buffett-s-power-play-pits-las-vegas-casinos-against-energy-unit

Jurgis

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Re: Buffett/Berkshire - general news
« Reply #285 on: June 10, 2016, 08:18:15 AM »
Warren Buffett’s Dicey Power Play

MGM and Wynn move to leave Nevada’s Berkshire-owned utility.

http://www.bloomberg.com/news/articles/2016-06-10/buffett-s-power-play-pits-las-vegas-casinos-against-energy-unit

Is Berkshire Energy the high cost provider or are other companies loss-selling (or very-low-margin selling)?
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rb

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Re: Buffett/Berkshire - general news
« Reply #286 on: June 10, 2016, 08:19:48 AM »
They're the only provider.

Jurgis

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Re: Buffett/Berkshire - general news
« Reply #287 on: June 10, 2016, 08:24:31 AM »
They're the only provider.

Obviously not if casinos are switching to other providers.
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rb

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Re: Buffett/Berkshire - general news
« Reply #288 on: June 10, 2016, 08:31:25 AM »
From what I understand in the article they'll buy wholesale on the energy market. Tenaska for example doesn't have any generation in Nevada. Not sure whether Exelon does or doesn't.

gfp

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Re: Buffett/Berkshire - general news
« Reply #289 on: June 10, 2016, 08:40:31 AM »
They are the only transmission provider.  The casinos will still be transmission customers.

They're the only provider.