Berkshire Hathaway Inc $ 243.69 -4.76 (-1.92%)

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572.86 Bil
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BRK.B News and Headlines - Berkshire Hathaway Inc

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The billionaire spoke on several topics

Alongside the annual Berkshire Hathaway (BRK.A) (BRK.B) shareholder meeting, the Daily Journal (DJCO) annual meeting has become an essential event in the calendar for value investors around the world.

Presided over by the company's chairman, Charlie Munger (Trades, Portfolio), the Daily Journal annual meeting has become a place for investors to seek out the knowledge of this fascinating and successful investor.

Unlike the Berkshire annual meeting, at the Daily Journal meeting, Munger gets all the airtime, whereas Buffett is the star of the show at Berkshire's annual gathering.

At this year's Daily Journal meeting, which was held

103 Views    Rupert Hargreaves    2021-02-25 17:03
Munger's thoughts from the Daily Journal annual meeting

Over the past few years, I've noticed an interesting divergence has emerged in Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio)'s portfolios.

The two billionaire investors work side-by-side at Berkshire Hathaway (BRK.A) (BRK.B), but Buffett has ultimate control over the conglomerate's giant equity portfolio. Buffett has said that he consults right-hand man occasionally on positions, but both partners have also admitted that they've disagreed on some holdings.

In the past few years, the two investors have notably had very different views on banking giant Wells Fargo (WFC).

Long-term holding

Buffett's association with

44 Views    Rupert Hargreaves    2021-02-25 16:44
The experience of stock exchanges around the world offers a bitter lesson for US investors

There is a view widely shared among investors that, over the long run, stocks always make a good investment, even if you buy at sky-high prices. This belief has only intensified over the past decade as investors and allocators have increasingly favored passive investing strategies.

However, the varied experiences of stock markets around the world suggest that such faith in the long-term upward trajectory of stocks may be misplaced.

Always up and to the right

The notion that "it's about time in the markets, not timing the markets" is hardly a

25 Views    John Engle    2021-02-25 15:25
A look back at thoughts from the 2005 Berkshire meeting

The man who is widely considered to be the father of value investing, Benjamin Graham, once observed that price is what investors pay, while value is what they get.

This statement is just as relevant today as it was when it was first made. Price and value are the two most essential components of successful investing. Any asset will always have a price.

Some investors might be willing to pay the said price. Others may not. Price is a subjective factor.

Meanwhile, the value is relatively fixed. The value of something can be determined by its output.

That's cash flow

225 Views    Rupert Hargreaves    2021-02-24 19:33
Warren Buffett may have been too quick to abandon one of his favorite metrics of intrinsic value

Warren Buffett (Trades, Portfolio) has been at the forefront of the investing world for decades. His consistent success at the helm of Berkshire Hathaway (BRK.A)(BRK.B) has made him a living legend to aspiring and seasoned investors alike.

As Berkshire has struggled to keep pace with the wider stock market in recent years, some commentators have begun to ask whether Buffett has lost some of his Midas touch. However, while Berkshire's share price growth may not look all that impressive, other performance metrics, such as the growth of

477 Views    John Engle    2021-02-24 14:27
The bank continues reshaping its business

Wells Fargo & Co. (WFC) announced on Tuesday that it entered a definitive agreement in which the San Francisco-based bank will sell is asset management business to two private companies.

The bank said it will sell its Wells Fargo Asset Management segment, which owns Wells Fargo Bank N.A. and the business segment's collective investing trusts and all related legal entities to private companies GTCR LLC and Reverance Capital Partners L.P. Under the terms of the agreement, the $2.1 billion transaction will give Wells Fargo a 9.9% equity interest in the asset management business and remain an important client and distribution

138 Views    James Li    2021-02-23 21:13
During the 1998 Berkshire Hathaway meeting, Warren Buffett and Charlie Munger were asked a question about the return on equity of American banks

During the 1998 Berkshire Hathaway (BRK.A)(BRK.B) meeting, Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) were asked a question about the return on equity of American banks. They commented on the topic in a typical Berkshire-like fashion. They then got off on a tangent that provided a truth of Biblical proportion.

"So it's not at all clear that if all American management were dramatically better, leaving out the competition against foreign enterprises, that returns on equity would be a lot better. They might very well drive things down. That's what, to some

506 Views    Smead Capital Management    2021-02-23 19:08
These legendary figures challenged convention and thought outside the box

Benjamin Graham is widely considered to be the Godfather of value investing. He taught Warren Buffett (Trades, Portfolio), among others, the principle of paying less for a business than it is worth. The Oracle of Omaha has since gone on to teach tens of thousands of individuals similar principles through his letters, lectures and annual shareholder meetings.

Fundamental analysis

Graham revolutionized the idea of fundamental investing. When he began to teach students about the principles of investing in the early 1900s, fundamental analysis was a relatively unheard of and unfollowed discipline. Rather than trying to work out

29 Views    Rupert Hargreaves    2021-02-23 17:18
Firm's largest sales of the 4th quarter

Bruce Berkowitz (Trades, Portfolio)'s Fairholme Capital Management sold shares of the following stocks during the fourth quarter, which ended on Dec. 31.

Berkshire Hathaway

The firm reduced its position in Berkshire Hathaway Inc. (BRK.B) by 10.61%. The trade had an impact of -4.82% on the portfolio.

The holding company has a market cap of $568 billion and an enterprise value of $653 billion.


GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 8.95% and return on assets of 4.5% are

69 Views    Tiziano Frateschi    2021-02-23 15:32
They correctly guessed which stocks Berkshire Hathaway portfolio managers bought

GuruFocus is proud to announce that there were three winners of the fourth-quarter Warren Buffett (Trades, Portfolio) contest: Richday101, Chihin and Nicola Guida.

Richday101 and Chihin guessed correctly that Buffett (or Ted Weschler, or Todd Combs) purchased AbbVie Inc. (ABBV), Merck & Co. Inc. (MRK) and Bristol-Myers Squibb Co. (BMY). Nicola Guida divined that they bought Bristol-Myers Squibb, Merck and The Kroger Co. (KR).

Berkshire Hathaway's (BRK.A)(BRK.B) portfolio showed additions to nine positions in the fourth quarter. See the portfolio and check your guesses here.

Although they can clearly already read Buffett's mind and are

591 Views    Sydnee Gatewood    2021-02-22 21:59
Buffett has warned investors to stay away from these kinds of businesses in the past

Berkshire Hathaway's (BRK.A) (BRK.B) latest 13F showed us that Warren Buffett (Trades, Portfolio) had taken some significant new equity positions in the third and fourth quarters of last year.

According to the fourth-quarter report, at the end of 2020, Berkshire owned 147 million shares in Verizon Communications (VZ). This position was worth just over $8.6 billion to the conglomerate at the end of the year.

As well as this position, the Oracle of Omaha also acquired a significant stake in oil and gas producer Chevron (CVX). This position was worth just over $4 billion at the end

457 Views    Rupert Hargreaves    2021-02-22 17:33
Fairholme Fund leader reports 4th-quarter portfolio

Bruce Berkowitz (Trades, Portfolio), founder and managing partner of Fairholme Capital Management, disclosed this week that his firm's top trades during the fourth quarter included a significant reduction to its holding in Warren Buffett (Trades, Portfolio)'s insurance conglomerate Berkshire Hathaway Inc. (BRK.A)(BRK.B) and the closure of its holdings in The Kraft Heinz Co. (KHC) and Simon Property Group Inc. (SPG).

The Miami-based firm follows Berkowitz's belief that the more diversified the portfolio is, the more likely the performance will be average. Fairholme also applies Ben Graham's investing principles: The firm concentrates its investments in

773 Views    James Li    2021-02-19 22:44
Guru takes new stake in Alibaba, trims Cisco

Tweedy Browne (Trades, Portfolio) recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

The firm was established in 1920 by Forest Birchard Tweedy as a dealer in closely held and inactively traded securities. Over its 100-year history, it has evolved into an investing company that seeks long-term capital growth in companies around the globe. Its Benjamin Graham-style value investing approach focuses on investing in undervalued securities that have strong growth potential, above-average dividend yields and established dividend history.

Based on the above criteria, the firm's top buys for the quarter

464 Views    Margaret Moran    2021-02-19 19:34
There's one company in Berkshire's portfolio that would make a great acquisition

I recently looked at the significant position changes in Berkshire Hathaway's (BRK.A) (BRK.B) equity portfolio according to its latest 13F filing.

These reports only detail equity positions, so they only provide limited insight into the actions of any investor during the period under review, which is the three months to the end of 2020 in this case. The filings do not provide any insight on credit or cash holdings.

They should also be used as a starting point for further research as 13Fs only tell us what a hedge fund or investment manager owned at one point in time. They

341 Views    Rupert Hargreaves    2021-02-18 20:04
The guru has invested $8 billion in the telecommunications giant

Berkshire Hathaway, Inc. (BRK.A)(BRK.B) was criticized by many value investors recently because of its decision to sit on a massive pile of cash without investing in the market.

The investing world has long been accustomed to Warren Buffett (Trades, Portfolio)'s brave bets on seemingly troubled companies during market downturns and economic recessions, so it was natural to assume that the guru was on a mission to find lucrative bets early last year when the market crashed as a result of the Covid-induced recession.

To the surprise of many investors, though, Buffett sold out of

2326 Views    Dilantha De Silva    2021-02-18 15:19
Himalaya Capital fund manager releases quarterly portfolio

Himalaya Capital Management, the firm led by Chinese-born Li Lu (Trades, Portfolio), disclosed this week it reduced its Facebook Inc. (FB) holding and established new positions in Apple Inc. (AAPL) and Pinduoduo Inc. (PDD) during the fourth quarter of 2020.

A Columbia University graduate, Li seeks long-term capital appreciation by embracing key value investment principles taught by Ben Graham and Berkshire Hathaway Inc. (BRK.A)(BRK.B) co-managers Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio). The firm seeks investments in companies with high economic moat, great growth potential, and trustworthy management.

778 Views    James Li    2021-02-17 21:57
A look at the value investor's portfolio at the end of last year

Chinese investor Li Lu (Trades, Portfolio) and his hedge fund Himalaya Capital often fly under American investors' radars. This is understandable as, until recently, Li didn't invest in the United States. His fund focused only on opportunities listed in China and Hong Kong. As these holdings are not required to be disclosed to U.S. regulatory authorities, it wasn't easy for Americans to see what he was buying.

Himalaya Capital Investors has produced an annual return of more than 20% since its founding in 1998. It's also the only hedge fund that we know of that can count

660 Views    Rupert Hargreaves    2021-02-17 15:34
The 'Oracle of Omaha's' conglomerate boosts Verizon and Chevron, cuts JPM

Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway Inc. (BRK.A)(BRK.B) disclosed on Tuesday its fourth-quarter 2020 portfolio, revealing significant position boosts in Verizon Inc. (VZ), Chevron Corp. (CVX) and Marsh & McLennan Companies Inc. (MMC). The conglomerate also shuttered its holdings in JPMorgan Chase & Co. (JPM) and Barrick Gold Corp. (GOLD) and trimmed its position in Apple Inc. (AAPL) and Wells Fargo & Co. (WFC).


Berkshire revealed that it owned 146,716,496 shares in Verizon (VZ) as of December 2020, a stake valued at approximately $8.6 billion. The position vaulted into the conglomerate's

3230 Views    James Li    2021-02-16 23:53
Reviewing the value investor's Atlas Corp investment

Prem Watsa (Trades, Portfolio) is often referred to as the Warren Buffett (Trades, Portfolio) of Canada. Since 1985, his holding company has produced 15% annual gains, and today, Fairfax Financial Holdings (FFH) is worth 14 billion Canadian dollars ($11.03 billion).

This is no way near as large as Berkshire Hathaway (BRK.A) (BRK.B). However, it is still impressive considering the fact that the Canadian investor started a lot later than the Oracle of Omaha.

The other factor that links these two investors is that Fairfax and Berkshire are both insurance holding companies. The investors have

2458 Views    Rupert Hargreaves    2021-02-16 17:45
A look back at this transformative deal completed in 1977

The Buffalo Evening News was one of Warren Buffett (Trades, Portfolio)'s earliest and most significant investments.

The newspaper was established in 1880 and was managed by a single family until 1974, when the business was put on the market following one of the founding family members' deaths. Buffett and his partner, Charlie Munger (Trades, Portfolio), made an offer for the enterprise on New Year's Day in 1977. The deal was being handled by a newspaper broker, Vincent Manno, in Weston Connecticut.

Buffett's first offer was $30 million. That was a high price because the

457 Views    Rupert Hargreaves    2021-02-15 16:23

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