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Berkshire Hathaway
06-03-2019, 11:36 PM.
Post: #111
RE: Berkshire Hathaway
2018 shareholder letter. my fav parts:

"We continue, nevertheless, to hope for an elephant-sized acquisition. Even at our ages of 88 and 95 – I’m the
young one – that prospect is what causes my heart and Charlie’s to beat faster. (Just writing about the possibility of a
huge purchase has caused my pulse rate to soar.)"

"let me remind you of our prime goal in the deployment
of your capital: to buy ably-managed businesses, in whole or part, that possess favorable and durable economic
characteristics. We also need to make these purchases at sensible prices"

"The world’s knowledge of what goes on in Omaha the first
Saturday of every May has grown dramatically since Yahoo came on board. Its coverage begins at 8:45 a.m. CDT and
provides Mandarin translation."
-> prob the only time i visit the yahoo website lol

they say never say never but interesting the word does appear quite a many times in the letter!

http://www.berkshirehathaway.com/letters/2018ltr.pdf

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03-05-2019, 06:21 PM.
Post: #112
RE: Berkshire Hathaway
Berkshire Hathaway has been buying shares of Amazon, Warren Buffett says
* “One of the fellows in the office that manage money ... bought some Amazon so it will show up in the 13F” later this month, Warren Buffett told CNBC Thursday

Becky Quick
PUBLISHED THU, MAY 2 2019  7:41 PM EDT

Berkshire Hathaway has been buying shares of Amazon. But Warren Buffett isn’t the one behind the purchases.

“One of the fellows in the office that manage money ... bought some Amazon so it will show up in the 13F” later this month, Buffett told CNBC Thursday, on the eve of the kick off of Berkshire’s annual shareholders meeting in Omaha. Buffett was referring to either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.

Buffett has long been a fan of both Amazon and its CEO Jeff Bezos, praising the company’s dominance and the founder’s business prowess. But while Buffett has sung the company’s praises, he’s never bought Amazon shares. So a headline that Berkshire was buying shares likely would spark interest in the markets.

“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”

This isn’t the first time Buffett has lamented about underestimating Bezos and not investing in Amazon years ago.

The Berkshire chairman and CEO told CNBC in 2018: “It’s far surpassed anything I would have dreamt could have been done. Because if I really felt it could have been done, I should have bought it,” adding, “I had no idea that it had the potential. I blew it.”

In 2017, Buffett told CNBC that “stupidity” was to blame for his not seeing Amazon’s potential. “I was impressed by Jeff Bezos early, I never thought he’d pull off what he did, on the scale of what’s happened. It’s changed your behavior, everybody’s behaviors. The remarkable thing is he’s done it in two industries at same time that really don’t have that much connection.” Buffett was referring to Amazon’s dominance in e-commerce and its success in the cloud with Amazon Web Services.

Flash forward two years, revenue at AWS grew 41% in the first three months of 2019, helping Amazon crush overall first-quarter earnings and revenue estimates.

More details in https://www.cnbc.com/2019/05/03/berkshir...ffett.html
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Specuvestor: Asset - Business - Structure.

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03-05-2019, 07:33 PM.
Post: #113
RE: Berkshire Hathaway
(03-05-2019, 06:21 PM)cyclone Wrote: In 2017, Buffett told CNBC that “stupidity” was to blame for his not seeing Amazon’s potential. “I was impressed by Jeff Bezos early, I never thought he’d pull off what he did, on the scale of what’s happened. It’s changed your behavior, everybody’s behaviors. The remarkable thing is he’s done it in two industries at same time that really don’t have that much connection.” Buffett was referring to Amazon’s dominance in e-commerce and its success in the cloud with Amazon Web Services.
I thought he preached buying simple businesses such that it will still thrive even with a lousy CEO managing it.

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06-05-2019, 06:51 PM.
Post: #114
RE: Berkshire Hathaway
Buffett says Occidental Petroleum investment is a bet on oil prices over the long term

Berkeley Lovelace Jr.
Published 6 May 2019

Billionaire investor Warren Buffett said Monday Berkshire Hathaway’s $10 billion investment in Occidental Petroleum is a bet on oil prices over the long term.

“It’s also a bet on the fact that the Permian Basin is what it is cracked up to be,” the chairman and CEO Berkshire told CNBC’s Becky Quick in an interview.

More details in https://www.cnbc.com/2019/05/06/buffett-...-term.html
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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04-06-2019, 08:19 PM.
Post: #115
RE: Berkshire Hathaway
"Berkshire said it was “more likely than not” that the tax benefits it received from certain investments from 2015 to 2018 were invalid, according to a May filing that didn’t name the sponsor. It later identified that sponsor as DC Solar. The company took a $377 million charge in the first quarter to reverse the tax benefit."

https://www.bloomberg.com/news/articles/...e-hathaway
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Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)

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