Author Topic: Witness the continuing evolution of Buffett/Munger duo  (Read 4154 times)

Buffett_Groupie

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Witness the continuing evolution of Buffett/Munger duo
« on: January 05, 2015, 03:37:11 AM »
http://finance.yahoo.com/news/berkshire-soars-buffett-shifts-focus-050007019.html

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augustabound

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Re: Witness the continuing evolution of Buffett/Munger duo
« Reply #1 on: January 05, 2015, 04:06:40 AM »
How is it an evolution when he's been saying for years that he'd prefer to buy whole businesses rather than individual securities?
He's doing exactly what he said he would do.
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Buffett_Groupie

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Re: Witness the continuing evolution of Buffett/Munger duo
« Reply #2 on: January 05, 2015, 10:11:52 AM »
You'd be surprised to learn many still think Buffett is stuck in Graham's classic "cigar-butt" mode! LOL  :)

Liberty

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Re: Witness the continuing evolution of Buffett/Munger duo
« Reply #3 on: January 05, 2015, 12:22:55 PM »
You'd be surprised to learn many still think Buffett is stuck in Graham's classic "cigar-butt" mode! LOL  :)

Probably the same people who just figured out that Berkshire is "more than just a portfolio of stocks". I mean, it's good to not follow the market minute-to-minute, but let's at least all be on the same decade... ;)
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AzCactus

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Re: Witness the continuing evolution of Buffett/Munger duo
« Reply #4 on: January 05, 2015, 02:26:44 PM »
Per Berkshire's 13F they have securities worth about 110 Billion and a current market cap of about 367 Billion.  Anyone who thinks Berkshire just picks stocks and doesn't own businesses would have a hard time explaining the 257 Billion dollar difference.

Liberty

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Re: Witness the continuing evolution of Buffett/Munger duo
« Reply #5 on: January 06, 2015, 08:18:22 AM »
Per Berkshire's 13F they have securities worth about 110 Billion and a current market cap of about 367 Billion.  Anyone who thinks Berkshire just picks stocks and doesn't own businesses would have a hard time explaining the 257 Billion dollar difference.

I know. I was directly quoting the article linked in the original post:

Quote
"The market's realizing that it's more than just that stock portfolio," said David Rolfe, who oversees about $10.5 billion including Berkshire shares at Wedgewood Partners Inc.
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Mephistopheles

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Re: Witness the continuing evolution of Buffett/Munger duo
« Reply #6 on: January 08, 2015, 03:51:50 PM »
Per Berkshire's 13F they have securities worth about 110 Billion and a current market cap of about 367 Billion.  Anyone who thinks Berkshire just picks stocks and doesn't own businesses would have a hard time explaining the 257 Billion dollar difference.

The $257 billion is the Buffett premium.