Wednesday, November 4, 2020Volume 1, Issue 49 Picking Your Hunting Ground “Basically all investment is value investment in the sense that you’re always trying to get better prospects than you’re paying for. But you can’t look everywhere at once, any more
Stock Splits, The Illusion of Control, Buffett at 90
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
Buffett Reshuffles Bank Holdings, The Power of Morning Pages
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
Berkshire Hathaway’s Great Transformation
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.
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.