Wednesday, February 24, 2021Volume 2, Issue 15 “The best thing a human being can do is to help another human being know more.” — Charlie Munger The Daily Journal Corporation Annual Meeting will be live-streamed on Yahoo! Finance today at 1:00 pm Eastern time
Wednesday, August 19, 2020Volume 1, Issue 36 Buffett Reshuffles Berkshire’s Bank Holdings Berkshire Hathaway’s 13-F report, filed with the SEC on August 14, revealed that Warren Buffett sold several bank stocks during the second quarter. Dataroma’s presentation is easier to read than the raw
On a spring day in 1964, Warren Buffett received a letter from Seabury Stanton offering to purchase the Buffett Partnership’s stake in Berkshire Hathaway. Buffett and Stanton had agreed to a price of $11.50 but Stanton’s letter offered only $11.375. This annoyed the thirty-three year old Buffett and he started buying more shares starting his long journey of transforming Berkshire Hathaway into what it is today.
On July 8, Warren Buffett submitted a regulatory filing to document his annual contributions of Berkshire Hathaway stock to several charitable foundations. The filing included the total number of shares Buffett held as of July 8 along with the percentage of economic interest of Berkshire he controlled as of that date. Sharp-eyed investors and journalists noted that the disclosure implied that Berkshire has been repurchasing shares.
From Butler to Buffett provides a great example of the evolution of newspapers from the late nineteenth century up through the consolidation of the industry that was largely complete a hundred years later. Murray Light provides a fascinating account of how the paper transformed from a scrappy startup founded in 1873 into the only surviving newspaper in the city 110 years later following Buffett’s acquisition of the paper.