Warren Buffett

Warren Buffett

Last Update: 2014-08-14

Number of Stocks: 46
Number of New Stocks: 1

Total Value: $107,580 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Warren Buffett Watch

  • Confessions of a Business Student

    So here I am. My first year into what is about to be a great learning journey through one of the top business schools in the world. I am not alone. In America, about 1 million students choose to study business at the undergraduate level every year. I was told that I was about to have the best time of my life.


    Well, it's all a matter of perspective.

      


  • Warren Buffett's Wrath: How Benjamin Moore Almost Broke His Promise

    Turmoil roiled Benjamin Moore, a paint company owned by Berkshire Hathaway, after it decided to break a pledge Warren Buffett (Trades, Portfolio) made to Moore’s dealers. How did it happen—and how did the Oracle of Omaha respond? A case study in pluses (and occasional minuses) of being owned by Berkshire.


    Not long after Berkshire Hathaway acquired Benjamin Moore in 2000, Warren Buffett (Trades, Portfolio) appeared in a video that was sent to the company’s thousands of independent dealers, who sell the vast majority of Moore paints. Buffett knew that outside ownership was disconcerting for a company that, since its founding in 1883, had usually been run by a Moore descendant. Dealers worried that the new owner might decide there were bigger profits to be made by selling through the dealers’ bitter rivals, big-box giants Home Depot (HD) and Lowe’s (LOW).

      


  • The Buyback Annoyance

    Stock buybacks have been the craze over the past couple of years. Ever since the Fed flushed the economy with cheap money, corporations have been using the funds to invest in their businesses to grow, spend on mergers and acquisitions, raising or issuing special dividends, and of course, the buyback annoyance – buying back its own company stock. While a majority of the investors and traders see that as a good thing, I see it mostly as an annoyance that does not achieve much more than some financial engineering.


    The buyback Annoyance

      


  • Charlie Munger Interview

    Overview of Charlie Munger (Trades, Portfolio) Interview With Jason Zweig


    Charlie Munger (Trades, Portfolio), vice chairman of Berkshire Hathaway, (BRK.A), (BRK.B) did a interview with Jason Zweig published by the Wall Street Journal. In the interview he talked about investing in on drawdown that requires significant discipline. He talked about how Warren Buffett (Trades, Portfolio) influenced him and gave a very insightful view on Benjamin Graham. He went on to say that Warren Buffett (Trades, Portfolio) was a better investor then Benjamin Graham. Mr. Munger also talked about how in awe he was with how he and Warren turm Berkshire Hathaway into one of the fifth biggest companies in the in the USA with a market value of $337 billion.

      


  • Biglari Holdings' Rights Offering Seems to Mostly Benefit The Chairman/CEO

    Biglari Holdings (BH) is followed by many in the hopes that it can be the next Berkshire Hathaway (BRK.A). Steak ‘n Shake is currently the core of the company, and Biglari is starting to diversify itself with its recent purchases of Maxim Magazine and First Guard Insurance. Sardar Biglari, the chairman and CEO of Biglari Holdings, helped turn around Steak ‘n Shake from a company with large losses to a company that can generate cash flow to help invest in other businesses for further growth.


    I had previously written about Biglari as a guru to watch for the next 30 years. He is an avid follower of Warren Buffett (Trades, Portfolio)’s investing style and Ben Graham’s book, “The Intelligent Investor.” He is also only 36 years old and has plenty of upside. The controversial part about Biglari is his pay package. The Incentive Bonus Agreement listed on the company’s website states that his bonus is calculated as:

      


  • Is This Company The Next Berkshire Hathaway?

    Company


    Markel Corporation (MKL) is one of the most profitable and sound insurance companies in the world. The company has built its business on focusing on underserved and niche markets where it could explore for constant underwriting profits. Markel is in the business of making underwriting profits, unlike the rest of the insurance sector. Unlike its competitors Markel is willing to wait or even take shrinkage in its premium base to protect its underwriting profits or to make underwriting profits. The company has a cult-like focus on making an underwriting profit on every policy that it underwrites. Unlike other insurance companies that want to expand its premium base as much as they can and are willing to underwrite policies that are risky and wont make a profit. Because of this, most of the insurance sector over the last 28 years have average a 110% combined ratio, while Markel has average a 96% combined ratio. Markel is one of those few great capital allocators that is selling at a reasonable prices and offers above average returns for its investors.

      


  • Warren Buffett Comments on USG

    OMAHA, NE—“As has been reported today, Berkshire Hathaway Inc. (BRK.A)(BRK.B) consented to a Final Judgment whereby we agreed to pay a civil penalty of $896,000 for failure to comply with the premerger reporting and waiting requirements of the Hart-Scott Rodino Act. We made a mistake when we overlooked the filing requirement. Berkshire had owned convertible notes of USG (USG) since 2008 and was effectively forced to convert the notes when they were called for redemption by USG in December 2013. This event triggered a filing requirement for Berkshire and we were late in realizing that fact.”


    Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

      


  • A Short Seller's Report On A Stock Berkshire Hathaway Is Currently Buying (Chicago Bridge and Iron)



  • Berkshire Hathaway Buys Charter Communications, IBM, Verizon, Sells ConocoPhillips

    Berkshire Hathaway Buys Charter Communications, IBM, Verizon, Sells ConocoPhillips

    As Berkshire Hathaway stock trades past $200,000 a share, it reported its second quarter portfolio. Warren Buffett (Trades, Portfolio) and his CIOs buys Charter Communications Inc, IBM, Verizon Communications Inc, Suncor Energy Inc, USG Corp, Liberty Global PLC, sells Graham Holdings Co, DirecTV, ConocoPhillips, Phillips 66, Liberty Media Corporation, National Oilwell Varco Inc, Starz during the 3-months ended 06/30/2014, according to the most recent filings of his investment company, Berkshire Hathaway. As of 06/30/2014, Berkshire Hathaway owns 46 stocks with a total value of $107.6 billion. These are the details of the buys and sells.  


  • There is a Tide in the Affairs of MannKind: When Taken At the Flood, Will Lead to Fortune

    Disclosure: I am long on MannKind.


    Introduction

      


  • Successful Investing Means Don't Churn It Up To 11


    "You're on ten on your guitar. Where do you go from there? You put it at Eleven. Exactly. One louder." - Nigel Tufnel Spinal Tap

      


  • Warren Buffett's Berkshire Increases Stake in Verisign

    Warren Buffett (Trades, Portfolio)’s company Berkshire Hathaway (BRK.A)(BRK.B) has increased his holding of Verisign (VRSN), according to GuruFocus Real Time Picks.


    Berkshire added 11.12% to their position, increasing the stake from 11,685,654 shares to 12,985,000, or 10.4% of the company. The priced closed at $54.05 per share on July 31, the day of the transaction. Versign shares have declined 10% year to date, and are off of a $62.96 52-week high reached in January.

      


  • Could this be Berkshire Hathaway's next acquistion?

    Warren Buffett (Trades, Portfolio) is often asked about his portfolio of stocks. Buffett follows Benjamin Graham and most value investors approach to stock ownership as treating each stock position as if you own the "entire" company. It is a basic tenant. Thus, Buffett routinely answers when asked about stocks held in Berkshire's portfolio that he would "Love to own any one of them if the price is right." Well, Buffett has one stock in his portfolio that I believe he might make BRK's next acquistion. The company is Chicago Bridge and Iron.


    Warren Buffett (Trades, Portfolio) began purchasing shares in Chicago Bridge and Iron (CBI) in early 2013 around the mid-$50 range. He based upon the latest SEC reports for BRk has about 9.55 million shares valued around $627 million currently and down from around $850 million. This is most likely a Buffett pick given its postion size and how the company's business compliments so much of BRK's operating businesses like Burlington Northen and Mid-America Energy (i.e utilities and oil piplines, etc.) to name just a few. CBI would be a tremendous benefit to Berkshire Hathaway (BRK.A)(BRK.B).

      


  • How to Make Easy Money Buying Value Traps

    Would you buy Sears Holdings?


    If you’re like most value investors, the answer is probably “no.”

      


  • Identifying Great Businesses with Value Line Reports


    The wealth of information, from raw statistics to key ratios to proprietary Value Line Ranks and Ratings, squeezed into each report is a human triumph. – Charlie Munger (Trades, Portfolio)

      


  • Warren Buffett’s Alpha: How Warren Buffett Became the World’s Greatest Investor

    The efficient-market hypothesis (EMH) is a lightning rod in the investment world. The staunch supporters of the EMH, primarily academics, rely on various mathematical proofs to support the theory. Critics of the EMH, primarily real-world investors, use their experiences in the real world to point out all the shortcomings of the EMH.

    One of the most vocal critics of EMH over the years has been the legendary Warren Buffett (Trades, Portfolio). The famed Oracle of Omaha has been bashing the EMH since it was first popularized by Eugene Fama in the 1960s. Recently, a new academic paper analyzing Buffett’s career returns proves once and for all that the EMH does not hold in the real world.  


  • Warren Buffett's 3 High-Conviction Stocks

    Warren Buffett (Trades, Portfolio), often acknowledged as the best living investor, has bought few stocks in recent quarters. As a devout long-term investor, he more often identifies companies that meet his rigorous analysis and unique criteria, and have bright futures. In his own words, he looks for “wonderful companies at a fair price.”

    Though his buying of new companies has been sparse, he has been buying greater portions of companies he already owns at a fast rate, signaling that these are high-conviction picks. The companies he has been buying the most over the longest period are: Wal-Mart Stores Inc. (WMT), U.S. Bancorp (USB) and DaVita HealthCare Partners Inc. (DVA) (a stock purchased by his portfolio manager, Ted Weschler).   


  • The 3 Stocks Warren Buffett Cut in the First Quarter

    Warren Buffett (Trades, Portfolio) and his fellow portfolio managers at Berkshire Hathaway (BRK.A)(BRK.B) purchased only one new stock in the first quarter, but made significant reductions to three holdings. Buffett in his first quarter letter said that he values stocks like he does entire businesses: If he can estimate their earnings five years out, and they sell at “at a reasonable price in relation to the bottom boundary of our estimate” he will buy them. When he can’t determine a figure, he moves on. Each of the three reductions of the first quarter though was sold at substantial profit from its original purchase price.

    Phillips 66 (PSX)  


  • Four Timeless Lessons from Young Buffett

    When re-reading Buffett’s earlier partnership letters, I came up with the idea of compiling a few examples of investments Buffett made with different styles. My goal was to study these examples in order to have a deeper understanding of the investment preaching by the Oracle such as, “It’s far better to buy a wonderful business at a fair price than to buy a fair business at a wonderful price.”


    It was not an easy task because limited availability of data. However, when I am finally done with this task, I felt all the efforts were absolutely worthwhile. In this article, I will share with the readers four cases studies of Buffett’s earlier investment career. My hope is that after reading this article, you will be able to appreciate Buffett’s investment wisdom on another level.

      


  • The Simple Case for IBM

    Recently there has been a lot of criticism and doubts with regards to Berkshire Hathaway (BRK.A)(BRK.B)'s investment in IBM. Some people even claim that the Oracle of Omaha has lost his touch and stepped out of his circle of competence when he poured billions of dollars into IBM (IBM).


    I bet if you ask those critics how they judge the success or failure of Berkshire's IBM investment, they would say it's a bad investment because IBM's share price has not moved much since Buffett's purchase.

      


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User Comments

Jimmyjam
ReplyJimmyjam - 1 month ago
Berkshire buys 3M shares of GM, a 10% increase. Why not listed in latest stock picks?
Skl_c9@yahoo.com
ReplySkl_c9@yahoo.com - 1 month ago
IN MOST OF THE ARTICLE IT IS WRITTEN THAT WARREN BUFFET BUYS STOKS BASED ON HIGH ROE , LOW PE ,LOW P/B VALUE ETC . BUT WHEN I CHECK I DO NOT FIND ANY F THEM SUPPORTING HIS PORTFLIO. IT CREATS CON FUSION.
SKL
Anurag.mital@facebook
ReplyAnurag.mital@facebook - 2 months ago
there are a lot bad data on the web site
Manfred@facebook
ReplyManfred@facebook - 3 months ago
Hamed.dadgour@yahoo,

... and is not fixed yet!
Jandup
ReplyJandup - 3 months ago
Why is the dividend reported on Gurufocus for AAPL much higher than other sources. Is it correct?
Hamed.dadgour@yahoo
ReplyHamed.dadgour@yahoo - 5 months ago
Hi Gurufocus,

Thank you for your amazing website. I have one comment:
the stock price for LBTYA seems wrong because you website has not taken into account the fact that there was a stock split back in Feb 2014. You show the stock is down more than 50%, which is misleading.

Hamed
Fofofum@yahoo
ReplyFofofum@yahoo - 5 months ago
y should they show anybody Buffetts portfolio in the first place, show the world your up to date portfolio how about it. If you need help maybe you should learn and study your own picks and not get em off somebody elses coattails, sorry but you asked the question, anyway as you can see he only buys the best of the best stocks, you don't have to look at his portfolio to know that,goodluck!
Vicvic
ReplyVicvic - 7 months ago
WHY CAN'TE WE.....TH GET A CURRENT LIST INSTEAD OF ONE THAT IS 6 MONTHS OLD? HE REPORTS HIS PURCHASES WITHIN A FEW DAYS.THANKS...
Gurufocus
ReplyGurufocus - 8 months ago
"Do we know if the DirecTV sell listed on this page is correct? The sell is not listed under the "Stock Picks" tab."

Yes, it is correct! The impact to portfolio is very small so we did not list under "Stock Picks" tab.
Culpel
ReplyCulpel - 8 months ago
Dear Gurufocus,

Do we know if the DirecTV sell listed on this page is correct? The sell is not listed under the "Stock Picks" tab.

Thank you,

Reid
Buy land
ReplyBuy land - 9 months ago
Why does the chart show that DVA has different current prices? Any ideas?
Lacatena
ReplyLacatena - 10 months ago
Question:
Why was XOM not marked as new buy (30th September) in the stock picks in the Portfolio of Mr. Buffett ? It appear only today the 18th November ?
Thanks
Francesco



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