Reading Time: 5 minutes I went to Omaha last weekend, left STL on April 29 Friday, attended meeting on April 30 Saturday, and left Omaha back to STL on May 1st Sunday. The full comment and Q&A session (including the actual shareholder meeting) is broadcasted by CNBC and available at YouTube. Note when I drove to Omaha on Friday… Continue reading Weekend thoughts 05-07-2022: Berkshire Hathaway 2022 shareholder meeting
Reading Time: < 1 minute (Source: lsnhs.leesummit.k12.mo.us) I can think of a few reasons: 1) He sees value in BNSF; 2) He want to use some cash so that his successor won’t have too much cash to squander (this is legit considering his age, and a lot of times people make mistake when they are rich); 3) Last but most… Continue reading Why Buffett bought BNSF and did stock split?
Reading Time: 1 minute link to 2009 PDF annual shareholder letter here. Buffett CNBC interview (part 1 here, following the link from part 1 to get to part 2 to 8 ) Recommend reading by Buffett Keynes’s *General Theory*, chapter 12 Intelligent Investor Chapter 8 and 20 My Notes
Reading Time: 2 minutes (Update 04May09) Buffett CNBC interview. (Monday Becky Quick) I did not go to the Berkshire annual shareholder meeting, partly because of the recession (cost cutting), partly because I sold the stock recently (note: one does not have to buy stock to get the admission ticket, they sell it at $5 on eBay). There are live… Continue reading Random thoughts on Berkshire annual meeting weekend
Reading Time: < 1 minute (Update 04May09) CNBC interview. (Update 01May09) Today PBS Nightly Business Report (NBR) Susie Ghalib interviewed Charlie Munger at Omaha. (Original) One lesson I should learn from him: trade less.
Reading Time: 2 minutes (Update) Big bro started to act now. (Original) We all know the stock rating game: I mean those “buy”, “hold” and “sell” rating usually issued by sell side (brokeage) analysts. They are mostly not objective, because at the end of the day the dealers want to sell you more stocks, regardless they are good or… Continue reading This “Wang Yang Bu Lao thing” on credit rating
Reading Time: < 1 minute I sold my remaining BRK.B share last week, and got some US bank (NYSE: USB) shares instead. The main reason I sold BRK.B is: 1) I don’t really understand the valuation of the business, which is 50% insurance + 50% manufacturing, housing, retailing etc. I have no idea for insurance and the whole thing is… Continue reading My Berkshire Hathaway proxy vote
Reading Time: < 1 minute I remember years ago (in dot com era) there is a book named Dow 36,000. Obviously that predication was a laughing stock becaue Dow crashed in year 2000. No I am not trying to make a fool of myself, my title Dow 5,000 is merely to reflect today the Dow and S&P dropped to 12… Continue reading Dow 5,000?
Reading Time: < 1 minute Berkshire Hathaway (NYSE: BRK.A; BRK.B) has not done well lately. Nonetheless, Nightly Business Report (PBS) interviewed Buffett. The topic ranges from new administration, recession and investing. The interview is about 30 minutes long. Interestingly Susie Gharib tried to ask particular investment advice, Buffett declined politely.
Reading Time: < 1 minute Berkshire B share (NYSE: BRK.B) traded heavily May 30 Friday. (Full size picture here) May be Bill Gates is selling on behalf of Gates foundation (USAToday article)? As you may know in 2006 Buffett donated large number of shares to Gates fundation (NYTimes article). I was wondering who is buying BRK.B on Friday? I know… Continue reading Berkshire BRK.B unusual volume