Wednesday, September 2, 2020Volume 1, Issue 38 Stock Splits An investor contemplating the purchase of a gas station or an apartment building would consider cash flow and other attributes of the entire business when deciding how much to offer for the
The Illusion of Control
The headlights of the eighteen wheeler suddenly appeared in my rearview mirror and I could tell it was quickly approaching. The rain had stopped but the roadway was still wet as Interstate 81 descended into the town of Christiansburg in
Buffett’s SEC Filing Implies Repurchases
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.
The Psychology of Masks
In the spring of 1980, my family moved from a small apartment to our first house. For a six year old boy, the excitement of having a backyard to play in was tempered by knowing that I would be switching
Thoughts on Berkshire’s Deployable Cash
“Berkshire will forever remain a financial fortress. In managing, I will make expensive mistakes of commission and will also miss many opportunities, some of which should have been obvious to me. At times, our stock will tumble as investors flee