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May 23, 2019

Berkshire Hathaway

Berkshire Hathaway abandons “book value per share” practice

Berkshire Hathaway has abandoned its long-time practice of featuring the percentage change in its per-share book value. In his annual letter dated February 23, 2019, to Berkshire Hathaway shareholders, chairman Warren Buffett said: “Long-time readers of our annual reports will have spotted the different way in which I opened this letter. For nearly three decades,

Buffett, Munger have harsh words for cryptocurrency

Berkshire Hathaway chairman Warren Buffett minces no words when it comes to cryptocurrency, calling bitcoin “probably rat poisoned squared” and his right-hand man, Charlie Munger, has even harsher words, saying “it (cryptocurrency) is like someone else is trading turds and you decide I can’t be left out”. A Yahoo Finance May 6, 2018, report (Why

Berkshire Hathaway takes a bigger bite of Apple, dumps IBM

Warren Buffett’s Berkshire Hathaway bought an additional 75 million shares of Apple in the first quarter of 2018, while dumping its remaining stake in IBM, said a Bloomberg May 4, 2018 report  (Buffett Buys a Further 75 Million Apple Shares, Sells Out of IBM). The report quoted the Berkshire Hathaway chairman as having said in

Share repurchases: What is smart at one price is stupid at another

Discussions about share repurchases often become heated in the investment world. But, in the words of Berkshire Hathaway chairman Warren Buffett,  assessing the desirability of repurchases isn’t that complicated. “From the standpoint of exiting shareholders, repurchases are always a plus. Though the day-to-day impact of these purchases is usually minuscule, it’s always better for a

Warren Buffett on intrinsic value

“Intrinsic value is an all-important concept that offers the only logical approach to evaluating the relative attractiveness of investments and businesses,” Warren Buffett said in the 2016 Annual Report of Berkshire Hathaway. “Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during

Berkshire Hathaway ‘A’ and ‘B’ shares

A new release by Berkshire Hathaway dated 10 July 2017 said that chairman Warren Buffett  that day converted 12,500 of his Class A shares into 18,750,000 Class B shares. “Of these Class B shares, 18,628,189 have been donated to five foundations: Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and

Why Warren Buffett sold about one-third of stake in IBM

Warren Buffett, who owned about 81 million shares in IBM at the end of 2016, sold off about a third of that stake in the first and second quarters of 2017. He told CNBC this in a report dated May 4, 2017 (Warren Buffett has sold IBM shares, and ‘revalued’ tech icon downward, cites ‘big strong

Berkshire Hathaway’s performance vs S&P 500

  Berkshire’s Performance vs. the S&P 500 Per share book value of Berkshire Per share market value of Berkshire S&P 500 with dividends included Compounded Annual Gain – 1965-2014 19.40% 21.60% 9.90% Overall Gain – 1964-2014 751,113% 1,826,163% 11,196% Data source: Berkshire Hathaway 2014 Annual Report Excerpt from Warren Buffett’s letter dated February 27, 2015,

Berkshire Hathaway’s fifteen common stock investments that at FY2013 yearend had the largest market value

  12/31/13 Shares** Company Percentage owned Cost* Market (in millions) 151,610,700 American Express Company 14.2 $1,287 $13,756 400,000,000 The Coca-Cola Company 9.1 1,299 16,524 22,238,900  DIRECTV 4.2 1,017 1,536 41,129,643 Exxon Mobil Corp 0.9 3,737 4,162 13,062,594 The Goldman Sachs Group, Inc 2.8 750 2,315 68,121,984 IBM Corp 6.3 11,681 12,778 24,669,778  Moody’s Corporation 11.5

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