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 Buy and hold, long term investing? I hold CROX from $75 to $20, hoping for a rebounce. It never came. Sometimes we got to trade stocks to take advantage of price volatility (up and downs). I was successful on this aspect from time to time, especially since the stock rally started this March. I made… Continue reading Portfolio management: trade to lower cost
Reading Time: < 1 minute (Presentation May 27) NRG Energy at Deutsche Bank Securities Energy & Utilities Conference. (Noise from OptionMonster May 27) Options prepare for drop in NRG. I am not expert in Options, but I think stock price should affect option (derivative) price, not the other way around (as the NRG options shown in Yahoo Finance). Maybe guys… Continue reading Exelon NRG Energy saga continues
Reading Time: < 1 minute (Update) RationalWalk has a much more comprehensive piece on Berkshire Q1 results. (Original) News from San Jose Mercury News. Quote: Berkshire says it sold 13.7 million of its 79.9 million shares of ConocoPhillips during the first quarter to generate a loss that can offset past capital gains taxes. More details from its Q1 earning report… Continue reading Berkshire sold some ConocoPhillips shares in Q1 and April
Reading Time: < 1 minute (Update 02May09) 4 ways to follow the meeting. (Original) David Sokol is the Chairman of Mid-American Engergy holding, a subsidiary of Berkshire Hathaway (NYSE: BRK.A; BRK.B). He took interview from Becky Quick of CNBC today. The Berkshire annual shareholder meeting starts tomorrow. CNBC BuffettWatch will follow minute by minute. Some people expect shareholders will ask… Continue reading Berkshire annual meeting 2009, David Sokol
Reading Time: < 1 minute From gurufocus, we can see investor gurus like Buffett’s buy and sell actions, usually 45 after the close of a quarter. NRG Energy is an interesting one, because it’s going to build the first nuclear power plant in the US for 30 years, and the offer Exelon put up last Oct. (0.485 share of Exelon… Continue reading Buffett NRG Energy average cost
Reading Time: < 1 minute Also collected here. 1. Why invest in Utilities? Does not Utilities need a lot of capital, what’s the difference between Utilities and the original Berkshire (BRK.A, BRK.B) textile business? You did explained in your letter that utilities can deploy capital for a decent return. And I read this old article “Why Buffett is buying utilities”… Continue reading Questions for Warren in this year annual shareholder meeting
Reading Time: 2 minutes (Update Feb 29 2009) CNBC is putting up some nice words on Buffett today. After all, he lent $3 b to GE (the parent co. of NBC) last fall. (Original) In these turbulant days, investors, ordinary and professional alike, look for directions from investor guru more than ever. Of course among gurus people pay attention,… Continue reading Berkshire Buffett COP Conoco Phillips stake
Reading Time: 2 minutes Berkshire Hathaway, a.k.a, Warren Buffett’s diversified holding company, reported a not-so-good quarter Friday after market close. Here are the results. (full size pic here) On the surface the result is not good. But I think the loss from derivatives is on the paper and will be temporary. What do we learn from Buffett Discipline, discipline,… Continue reading Buffett lost his touch?