Berkshire Hathaway Inc. (BRK.A)
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- Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree [view article]
- The One Buffett Biography Worth Reading [view article]
- What Did Buffett Buy: American Express or Wells Fargo? [view article]
- Berkshire Hathaway: Like a Kid in a Candy Store [view article]
- Largest Companies in the World [view article]
- Is Buffett Buying American Express for Berkshire Hathaway? [view article]
- Buffett: I Was Wrong on Anheuser-Busch [view article]
- How Do You Know When to Buy Stocks? [view article]
- The "Four Filters" of Warren Buffett and Charlie Munger [view article]
- 15 Value Hedge Funds - Portfolio Update [view article]
- Canadian Oil Sands: Gates and Buffett Visit [view article]
- Warren Buffett Accumulates NRG Energy, Ingersoll-Rand and Union Pacific [view article]
loading ...Recent BRK.A Articles
- Buffett Takes Berkshire Hathaway on $4 Billion Spending Spree
- Largest Companies in the World
- Is Buffett Buying American Express for Berkshire Hathaway?
- What Did Buffett Buy: American Express or Wells Fargo?
- The One Buffett Biography Worth Reading
- Berkshire Hathaway: Like a Kid in a Candy Store
- How Do You Know When to Buy Stocks?
- Buffett: I Was Wrong on Anheuser-Busch
- Canadian Oil Sands: Gates and Buffett Visit
- 15 Value Hedge Funds - Portfolio Update
- Full List of Articles »
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Share Buybacks: The Anti-Buffett [view article]
Actually, Warren Buffet has no problem with share buybacks--at the right price. In March 2000 he said he would consider having Berkshire buy back its shares if the price dropped under $42,000. At the time, the shares were trading around $45,000, and his comments alone were probably enough to give the stock price a boost, although that certainly was not his intention. Buffet would have been happy to see the stock plummet further, giving him a convenient opportunity for a buyback.Buffet sees nothing inherently wrong with share buybacks. He considers it an investment in a company he likes with management he trusts. As for any investment, Buffet expects to get at least as much intrinsic value as he pays. Since Berkshire stock usually trades well above what Buffet considers its intrinsic value, there haven't been many opportunities for profitable buybacks.
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Share Buybacks: The Anti-Buffett [view article]
Share buyback=time to sell after the spike up. It's the second most terrible thing after employee stock options. IMO both should be prohibited by law (Yes I am serious!).Reply
Share Buybacks: The Anti-Buffett [view article]
The problem with share buybacks is that most companies then go out and issue more shares via employee stock options.Berkshire is one of the few companies that doesn't issue options. Reply
Is Warren Buffett Missing Something? [view article]
Wrigley is the perfect inflation protection. Their cost don't go up nearly as much as other types of "candy" like the core products that Hershey and Mars offer. Think about the costs of a pack of gum versus a candy bar for example. Yet, gum "competes" with more inflation prone candy at the check out counter. Thus, Wrigley has been able to increase prices much more than was necessary to cover their own cost increases because Hershey and Mars had to raise prices. Thus, Wrigley is actually a beneficiary of commodity inflation.I had owned Wrigley and yes I'm happy that we got a nice premium for it in this deal. But quite honestly, I would have rather kept my shares for another 20 years. There are very few companies with the kind of business they have. Reply
Following Buffett's Railroad Tracks [view article]
irisatrx has it just about right. Or rather, I don't believe this is what Buffett intends to do, but it's what happens anyway. I agree with RightinSanFrancisco that CNI has an excellent business and is undervalued. I keep wanting to buy BNI but CNI is so much cheaper by just about any metric that I can never bring myself to do it. It's a good company, it's just too damned expensive. I blame Buffett for that 100%. ReplyFollowing Buffett's Railroad Tracks [view article]
Buffet makes his money now by purchasing a stock, then announcing that it is a great stock. The lemmings jump on the bandwagon and run up the price; Buffet sells and makes a bundle.It's all in the name. Reply
Following Buffett's Railroad Tracks [view article]
Dave: That's the least true characterization of Buffett that I've ever heard. He's talked endlessly about valuing companies based on earnings/cash flow/book value rather than looking at the stock price all the time. Stock prices follow earnings quite closely in the long term, and he has said that his ideal holding time is forever. He tries to purchase companies at a discount to value, and CNI offered a great opportunity for such earlier this year. Now it's up a bit, but it's probably still pretty good at today's prices.Interesting recommendation on TRN - I will examine further, but I wasn't aware of the company and like the sound of it. Reply
Dave
Following Buffett's Railroad Tracks [view article]
Buffet's a market guy, not a rail guy. Stock price performance doesn't correlate all that closely to network quality, operating practice quality, or management excellence. CNI might consistently be more profitable than BNSF, without that performance being reflected in the stock price. That, or BNSF locomotives have a cooler-looking paint scheme, I dunno.... Replyancisco
Following Buffett's Railroad Tracks [view article]
No question that in the current world railroads are sound. What I don't understand is Buffet's choices within the industry. CNI has the best network, the best operating practices, and excelent management. ReplyFollowing Buffett's Railroad Tracks [view article]
Ethanol can indeed be transported in pipes. Several such pipelines are already being planned; see www.pennenvironment.or...Reply
Investment Discipline in the Year of Capitulation [view article]
Plenty of great investors have suffered declines of 50% or more. Even BRKA was down at least 50% twice in its history.Reply
The "Four Filters" of Warren Buffett and Charlie Munger [view article]
Paperback Book Announcement: "The Four Filters Invention of Warren Buffett and Charlie Munger. Two Friends Transformed Behavioral Finance."www.lulu.com/content/3...
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examines each of the basic steps they perform in "framing and making" an investment decision. This book is a focused look into this amazing invention within "Behavioral Finance." The genius of Buffett and Munger's parsimonious four filters process was to "capture all the important stakeholders" in a "multi-variable&q... equation or formula.
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Buying a Buffett Portfolio [view article]
If I never hear the phrase "Mr. Market" again I'll be happy, it's like being treated like a retarded five year old. "Well, son, the market dropped because Mr. Market was grumpy today". Jesus Christ. Replyng
Investment Discipline in the Year of Capitulation [view article]
As my free websitewith documented double digit investors are proof that BUYING the right stock at the right time is key.Many"gmblers&... like Pabrai and Bill Miller are finally takingtheir lumps.They are great "gamblers" but are still gamblers and not value investors ReplyScientist
Investment Discipline in the Year of Capitulation [view article]
Very good. Reply