Money and Finance
[H/T Beyond Proxy]
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- Links
Buffett admits Tesco investment ‘a huge mistake’ (LINK) Billionaire investor Warren Buffett has admitted that his seven-year bet on Tesco was a “huge mistake” in a frank mea culpa by the so-called Sage of Omaha. The chairman of Berkshire...
- Upstart Managers School Sage Of Omaha
The pupils are beating the master at Warren Buffett-led Berkshire Hathaway Inc. Two investment managers, hired by the 83-year-old billionaire in recent years as part of his succession plan, each posted returns last year that outdid both Mr. Buffett's...
- Berkshire Hathaway Buys Back $1.2 Billion Of Class A Stock
With the share repurchase ceiling increased to 120% of book value, Berkshire can now buy back A shares up to a little over $134,000 per share, and B shares up to a little over $89 per share. Berkshire Hathaway Inc (BRK-A) spent $1.2 billion buying back...
- Berkshire Struggles With Being Ignored
Thanks to Barry for passing this along.By Warren Buffett's reckoning, his company had a good 2011. But you would hardly know it to look at Berkshire Hathaway Inc.'s stock price. When Mr. Buffett releases his annual letter to shareholders on Saturday,...
Money and Finance
Paul Lountzis’ 2013 Annual Letter
Link to: Paul Lountzis’ 2013 Annual Letter
Our 2013 year-end review is longer than usual because we felt it was important to discuss Berkshire Hathaway at length when Warren E. Buffett is no longer leading the company followed by our thoughts on several topics raised by our clients and we close by discussing our portfolio of holdings. We feel it is important for our clients to better understand our thinking and we try to include the information that we would want if our roles were reversed.Our letter consists of several parts.First, while we have shared our views on Berkshire Hathaway many times over the years, we have never gone into detail about Berkshire Hathaway’s future when Warren E. Buffett is no longer leading the company. Given that Berkshire Hathaway is our largest holding, we feel it is appropriate to share our views in some detail.
Second, we discuss some of our concernsregarding the stock market including segments on: overall stock market valuation levels, valuation levels for smaller companies, corporate profit margins, margin debt levels and the commoditization of businesses.
Third, is our discussion of several positive factors that bode well for long-term investors in stocks, despite current elevated market levels. These segments include: fewer companies listed on U.S. exchanges, pension funds, and the overall stock allocation of endowments.
Fourth, we discuss our views on several issues raised by our clients including the domestic energy revolution, housing, inflation/deflation and income and wealth inequality.
Finally, we discuss our portfolio activityincluding sections on preferred stocks, municipal bonds and stocks.
[H/T Beyond Proxy]
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- Links
Buffett admits Tesco investment ‘a huge mistake’ (LINK) Billionaire investor Warren Buffett has admitted that his seven-year bet on Tesco was a “huge mistake” in a frank mea culpa by the so-called Sage of Omaha. The chairman of Berkshire...
- Upstart Managers School Sage Of Omaha
The pupils are beating the master at Warren Buffett-led Berkshire Hathaway Inc. Two investment managers, hired by the 83-year-old billionaire in recent years as part of his succession plan, each posted returns last year that outdid both Mr. Buffett's...
- Berkshire Hathaway Buys Back $1.2 Billion Of Class A Stock
With the share repurchase ceiling increased to 120% of book value, Berkshire can now buy back A shares up to a little over $134,000 per share, and B shares up to a little over $89 per share. Berkshire Hathaway Inc (BRK-A) spent $1.2 billion buying back...
- Berkshire Struggles With Being Ignored
Thanks to Barry for passing this along.By Warren Buffett's reckoning, his company had a good 2011. But you would hardly know it to look at Berkshire Hathaway Inc.'s stock price. When Mr. Buffett releases his annual letter to shareholders on Saturday,...