Berkshire Hathaway the old sage
Discussion
Well he’s be investing for years and can’t think of anyone more experienced or with such a backup team with $958billion of assets Warren can’t really go wrong !
Just wondering what the views of the Ph”ers are ?
https://www.hl.co.uk/shares/shares-search-results/...
Just wondering what the views of the Ph”ers are ?
https://www.hl.co.uk/shares/shares-search-results/...
Edited by tescorank on Tuesday 15th November 04:14
Greenmantle said:
Ponzi scheme for the uber wealthy where he is at the pinnacle.
Not a coincidence that he bought Heinz.
People will always need Baked Beanz!
Interesting way to look at it.Not a coincidence that he bought Heinz.
People will always need Baked Beanz!
I can see what you mean in a way.
Buy something early that if others want the price is higher. (Ie his holding of coke cola)
WB's letters to investors are highly recommended reading for anyone considering any investment generally, but for those considering BH specifically:
https://www.berkshirehathaway.com/letters/letters....
https://www.berkshirehathaway.com/letters/letters....
The annual letters do make interesting reading.
Particularly as regards the features Buffett et al value and look for in a company they invest in. In many ways they are quite simple and straightforward (not that this means just anyone can necessarily spot them or replicate their successes, of course) and he/they work hard to understand the potential and workings of a business before investing, and do the dull leg-work to ascertain potential that perhaps others have overlooked.
I’m not much of an investor - in either scale, knowledge or skill - but I do find it mildly fascinating to contrast Buffett’s methodical approach to the fundamentals with the opaqueness, smoke’n’mirrors and mythic hype surrounding something like the current FTX fiasco.
Particularly as regards the features Buffett et al value and look for in a company they invest in. In many ways they are quite simple and straightforward (not that this means just anyone can necessarily spot them or replicate their successes, of course) and he/they work hard to understand the potential and workings of a business before investing, and do the dull leg-work to ascertain potential that perhaps others have overlooked.
I’m not much of an investor - in either scale, knowledge or skill - but I do find it mildly fascinating to contrast Buffett’s methodical approach to the fundamentals with the opaqueness, smoke’n’mirrors and mythic hype surrounding something like the current FTX fiasco.
UnclePat said:
The annual letters do make interesting reading.
Particularly as regards the features Buffett et al value and look for in a company they invest in. In many ways they are quite simple and straightforward (not that this means just anyone can necessarily spot them or replicate their successes, of course) and he/they work hard to understand the potential and workings of a business before investing, and do the dull leg-work to ascertain potential that perhaps others have overlooked.
I’m not much of an investor - in either scale, knowledge or skill - but I do find it mildly fascinating to contrast Buffett’s methodical approach to the fundamentals with the opaqueness, smoke’n’mirrors and mythic hype surrounding something like the current FTX fiasco.
Isn't he big pals with Bill Gates... i would be interested to know what comes out about him after he's gone as someone with his power and success must have a few skeletons in his closet. Particularly as regards the features Buffett et al value and look for in a company they invest in. In many ways they are quite simple and straightforward (not that this means just anyone can necessarily spot them or replicate their successes, of course) and he/they work hard to understand the potential and workings of a business before investing, and do the dull leg-work to ascertain potential that perhaps others have overlooked.
I’m not much of an investor - in either scale, knowledge or skill - but I do find it mildly fascinating to contrast Buffett’s methodical approach to the fundamentals with the opaqueness, smoke’n’mirrors and mythic hype surrounding something like the current FTX fiasco.
WY86 said:
UnclePat said:
The annual letters do make interesting reading.
Particularly as regards the features Buffett et al value and look for in a company they invest in. In many ways they are quite simple and straightforward (not that this means just anyone can necessarily spot them or replicate their successes, of course) and he/they work hard to understand the potential and workings of a business before investing, and do the dull leg-work to ascertain potential that perhaps others have overlooked.
I’m not much of an investor - in either scale, knowledge or skill - but I do find it mildly fascinating to contrast Buffett’s methodical approach to the fundamentals with the opaqueness, smoke’n’mirrors and mythic hype surrounding something like the current FTX fiasco.
Isn't he big pals with Bill Gates... i would be interested to know what comes out about him after he's gone as someone with his power and success must have a few skeletons in his closet. Particularly as regards the features Buffett et al value and look for in a company they invest in. In many ways they are quite simple and straightforward (not that this means just anyone can necessarily spot them or replicate their successes, of course) and he/they work hard to understand the potential and workings of a business before investing, and do the dull leg-work to ascertain potential that perhaps others have overlooked.
I’m not much of an investor - in either scale, knowledge or skill - but I do find it mildly fascinating to contrast Buffett’s methodical approach to the fundamentals with the opaqueness, smoke’n’mirrors and mythic hype surrounding something like the current FTX fiasco.
Francois de La Rochefoucauld said:
Not really. He and Charlie Munger are 92 and 98 respectively, anything untoward would have been exposed long ago. You'd also do well to spend some time reading and learning about their attitude to investing, corporate governance and life in general. It'd probably do you some good.
ok boomerNot only are Buffett and Munger incredible investors, they (Berkshire Hathaway) have a secret weapon that is often overlooked. BRK owns major insurance companies. These companies have substantial levels of "float". That is, insurance premiums that customers have paid up front and won't all be paid out on claims.
They use this cash to invest. So their cost of capital is very low using this float, thus enhancing their returns.
As someone else has said, read the annual letters to shareholders. There's an awful lot of fascinating wisdom to get from them. Warren has always loved teaching and this is one of the many ways he does it.
BRK is extraordinarily cash rich, meaning they are ready to buy companies/shares when the price is right. Including their own shares. They love a share buyback - not to prop up the share price, but to provide enhanced shareholder value.
I own a decent amount of BRKB shares in my SIPP and they have done very well over the years.
They use this cash to invest. So their cost of capital is very low using this float, thus enhancing their returns.
As someone else has said, read the annual letters to shareholders. There's an awful lot of fascinating wisdom to get from them. Warren has always loved teaching and this is one of the many ways he does it.
BRK is extraordinarily cash rich, meaning they are ready to buy companies/shares when the price is right. Including their own shares. They love a share buyback - not to prop up the share price, but to provide enhanced shareholder value.
I own a decent amount of BRKB shares in my SIPP and they have done very well over the years.
Edited by UrbanAchiever on Tuesday 15th November 22:08
DaveA8 said:
It was the biggest holding in my wife's ISA, I just sold 2/3 of it today. B class shares unlike Warren's A class. I see little catalyst for many of these things over the next few months to go massively up but in a clear out, it could drop to $230/$240 region.
In what way do you see it will drop to $230?greygoose said:
In what way do you see it will drop to $230?
It’s nothing to do with BRK, it’s that it will naturally follow the market to a greater or less degree.If earnings generally are downgraded, then Berkshire will again be lumped in.
We bought some at just below $270 in Sept, the S&P was 3600, given the earnings risk on the S&P, the consensus is 3000 to 3300.
I sold at 311 yesterday, there’ll be plenty of chances over the next 6 months to get in there and more than likely at a lot less.
greygoose said:
DaveA8 said:
It was the biggest holding in my wife's ISA, I just sold 2/3 of it today. B class shares unlike Warren's A class. I see little catalyst for many of these things over the next few months to go massively up but in a clear out, it could drop to $230/$240 region.
In what way do you see it will drop to $230?Occidental, coke cola, bank of America apple etc all drop berk will drop.
vulture1 said:
I guess if
Occidental, coke cola, bank of America apple etc all drop berk will drop.
I think that's a fair assumption to make, but the correlation will be diluted by the fact that BRK also own businesses that are not listed. I believe from looking at their 2021 year end accounts that earnings from non-listed investments amounted to 30% of the total.Occidental, coke cola, bank of America apple etc all drop berk will drop.
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