warren buffett’s thoughts

Berkshire Hathaway

Value-accretive repurchases of stocks benefit all owners: Warren Buffett

August 10, 2024

“A very minor gain in per-share intrinsic value took place in 2022 through Berkshire sharerepurchases as well as similar moves at Apple and American Express, both significant investeesof ours. At Berkshire, we directly increased your interest in our unique collection of businesses byrepurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchasesincreased Berkshire’s…

Berkshire Hathaway

Berkshire Hathaway’s secret sauce

In his FY2022 letter to Berkshire Hathaway’s shareholders dated February 25, 2023, legendary value investor Warren Buffett shares the secret sauce of his company. “In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very…

Warren Buffett's thoughts

ABWA – acquisitions by walking around

December 1, 2014

In his letter to Berkshire Hathaway shareholders (March 1, 1996) for Year 1995, Warren Buffett said: “A few years back, management consultants popularized a technique called “management by walking around” (MBWA). At Berkshire, we’ve instituted ABWA (acquisitions by walking around).” What is this ABWA that Mr Buffett was talking about? “In May 1994, a week…

Quotes

America’s best days lie ahead

November 21, 2014

This line came from Berkshire Hathaway chairman Warren Buffett in his annual letter (26 February 2011) to shareholders for Year 2010. To the prophets of doom, Warren Buffett has this to say: “The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for…

Investment criteria

Warren Buffett’s thoughts on marketable securities

November 20, 2014

“We ordinarily make no attempt to buy equities for anticipated favorable stock price behavior in the short term. In fact, if their business experience continues to satisfy us, we welcome lower market prices of stocks we own as an opportunity to acquire even more of a good thing at a better price,” Warren Buffett said this in his 1977…