22 Burst results for "Berkshire stock"

Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020

Masters in Business

00:13 sec | 4 d ago

Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020

"Berkshire Hathaway said today. It brought back a record $24.7 billion worth of its own stock last year and said there's more to come The conglomerate said it repurchased a total of $9 billion in the fourth quarter.

Berkshire Hathaway
Buffett's Berkshire Hathaway lost $50 billion in first quarter

Bloomberg Politics, Policy and Power

00:47 sec | 10 months ago

Buffett's Berkshire Hathaway lost $50 billion in first quarter

"Warren Buffett chairman and CEO of Berkshire Hathaway hosts the company's annual meeting today virtually earlier Berkshire reported operating earnings of five point eighty seven billion dollars versus five point fifty six billion a year ago helped out by gains in the insurance unit first quarter net income plunged into a loss of forty nine point seven billion dollars driven by unrealized losses in the massive Berkshire stock portfolio and buff it spent the first quarter building up a cash pile that now totals one hundred thirty seven billion dollars rather than spending it as stocks tumbled Catherine to Glinski covers Berkshire for Bloomberg if you buy into his hearing but she's actually a long term investor it will be stocks for a while you sort of expect those to recover over time despite you know it kind of current

Chairman And Ceo Berkshire Hathaway Berkshire Glinski Bloomberg Warren Buffett
Warren Buffett's Berkshire Hathaway reports nearly $50 billion loss

Masters in Business

00:32 sec | 10 months ago

Warren Buffett's Berkshire Hathaway reports nearly $50 billion loss

"Warren Buffett chairman and CEO of Berkshire Hathaway hosts the company's annual meeting today virtually earlier Berkshire reported operating earnings of five point eighty seven billion dollars versus five point fifty six billion a year ago helped out by gains in the insurance units first quarter net income plunged to a loss of forty nine point seven billion dollars driven by unrealized losses in the massive Berkshire's stock portfolio and buff it spent the first quarter building up a cash pile that now totals one hundred thirty seven billion dollars rather than spending it as

Chairman And Ceo Berkshire Hathaway Berkshire Warren Buffett
Buffett defends Berkshire stock push, reassures on future as profit smashes record

RMWorld Travel Connection with Robert & Mary Carey and Rudy Maxa

00:42 sec | 1 year ago

Buffett defends Berkshire stock push, reassures on future as profit smashes record

"Warren Buffett's offering some insights into his view of the current climate for corporate deal making the eighty nine year old profit compares corporate deals to marriages saying they can be either blissful or troubled in his annual letter to Berkshire Hathaway shareholders Buffett says his company's record is filled with more happy deals than unpleasant ones but recently he's struggled to find good targets for acquisition Berkshire held roughly one hundred and twenty eight billion dollars in cash and short term investments at year's end and Buffett says fast because he hasn't found any reasonably priced ones Berkshire is also facing more competition for acquisitions from private equity firms and other companies such as the privately held coke

Warren Buffett Berkshire Berkshire Hathaway
"berkshire stock" Discussed on 710 WOR

710 WOR

11:25 min | 1 year ago

"berkshire stock" Discussed on 710 WOR

"Hundred three to one zero seven ten call us now. Pick up the phone eight nine eight. Josh? For the rare window of political opportunity, talk. And why do I say rare window of political opportunity? Again, this is not some false sense of urgency, but. When people like, Bill Gross, who was the bond king and Ray Delio talk about what's going on. They are really wrong. This is dangerous. Now, Bill Gross is beginning to endorse modern monetary theory. These people are endorsing it either obliquely or directly. You need the schussed to stop them. This is dangerous. So just as Trump figured out, how to energize the frustration of enough voters to win the presidency. It is likely we'll see a populous nominated on the democratic side, democratic president and congress will give us higher spending and taxes in that election happens amid recession there could be an increasing drumbeat to do something radical, this from John mauldin most recent thoughts from the front line. This is no longer a democrat or Republican thing. This is an insanity versus sanity. Thing modern monetary theory is Horan this so Molden has an insightful letter to Ray Delio about the Evelyn of capitalism and the income share and income inequality. And you know there's a lot going on here and what do we do? So. He writes, is capitalism, the problem you argue that capitalism is not achieving its goal of more equitable distribution of the fruits of capitalism to your point. My good friend, Ben hunt, Vep Celon theory notes that the S and P five hundred companies in the highest earnings relative to sales in history. Let me push back with what is it mentally, a small quibble and the grand scheme of things, I think of capitalism, more in the context of property rights rule of law, and free market properly understood it provides eleven level, playing field for entrepreneurs to offer goods and services that produce incomes, and profits. I don't think equitably distributing profits is, is capitalism's role ensuring that all participants are treated fairly into some extent, regulating, these personal and corporate endeavors is the role of society in general and the government in particular. So when you say the capitals, not sharing profits, I would say that capitalism is not design. Signed to do so mind, you that this is a man, who's a billionaire and he doesn't go sharing around his wealth. That is the role of society. Now, he's saying the role society government is to make sure the participants were treated fairly. Yes. Capitals are part of that society in general preferred to keep more of their profits in bless regulation. I agree that capitals are not very good at distribution because their own self interest. I mean, this is basically Maldon rights inciteful, critique of dally, oh, but my critique of Maldon, that's not, you know, people don't understand, number one, when you use the term capitalism, borrowing the term from Karl Marx himself, you should be talking about the free market exchange of ideas. A truly capitalist society which we don't even have a true free market society would allow the bad actors to be flushed out. We have created a system, a largely. Due to regulation, where we allow bad actors to get propped up just think about, you know what happened in eight. These companies were not allowed to go bankrupt. So there would be a whole different capitals. It'd be better if we let those bad actors go under we would have stopped the incentivizing of. You know, bad profits and was so what do we do? We kept interest rates artificially low for as long as the I could see. And then those van actors now are in, you know, different categories, you know, they're, they're putting companies like toys R us out of business, why they buy these companies, they load them up with debt, and then when they go under they use it as a tax write off. So it's a crazy thing, but that's capitalism. That's a system of using the regulations, the over-regulation to one benefit, so. Maldon critiques Dallaglio. I critique them both. But, but the point is, we don't really have a free market society free market society bad actors are supposed to be allowed to go out of business that, that then prevents bit actors from being bad actors that also educates the consumer that I'm not going to do business with somebody was involved in the last crash, but too many things now than banks consolidated and now you know, there's, there's fewer and fewer choices for the consumer. So what's happening is the subsidizing of us going into a weird socialist tilt where we'll have higher taxes on our IRAs. 4._0._1._K's next up, we've Adrian, go ahead. You're on with Josh jelenski the financial quarterback. The potential death of a stretch spouses or mostly kids and other beneficiary well as according to all the versions of this Bill spouses are, okay. You can do a spousal IRA where you can distribute that money over your life expectancy. But I would also I would have a plan then for your spouse, and then have a plan for your kids, sue need to different plans. So one is you would do the spousal I rifle if one of you passes, but then maybe you take a little bit out each year. Starting now. So that whatever you leave is tax free. That makes sense. Thank you. So the spousal IRA probably gonna remain according to most of these bills, thank God. But the stretch is no more. And I always tell begin with the end in mind. If you have desire to leave an inheritance, you have to think about what assets are able to be left with minimal taxation, so for example. If you have stocks, and you own stocks, like, for example, like Berkshire Hathaway, Warren Buffett one of these other billionaires, tell people that they're not paying enough in taxes, when Warren Buffett passes, apparently he's not leaving a lot of money to kids. But whatever he does leave in forms of share of Berkshire stock. We'll get a step up in basis. So that's a tax efficient. He's began his company with the end in mind, but a bunch of dividend Bank stocks and chose to not pay a dividend that way, any distribution himself would be long term capital gains treatment. And this is what I'm saying with these, I think some of these billionaires wanna Steph, capitalism socialism, because they know will create an inefficient marketplace. Companies will go under nations will crumble, and they'll be able to buy things at lesser price. Prices than some of these people are that twisted than some regard. I'm not saying Moore buffet is I'm just saying, people are made to be like saints, and, you know, they get interviewed on CNBC the famed Ray Delio has come out endorsing modern monetary doesn't make it right. It's stupid. Let's still print money. Let's see what will happen. What happens when you have more of anything in circulation, its value, diminishes? Why is college education, so not affordable anymore? Because everybody goes to college now. So let's raise the prices because the government subsidizes that debt. Let's stop the madness folks. Not endorse. I'm going to call instead of M T. Let's call m m modern monetary madness. Okay. So give us a call. Eight nine eight Josh? It is very critical to note that all these critiques of capitalism, the American economy today is not capitalism. This is from a listener front in its true form. The proper economic term for what's happening today is inch interventionism, which means everything's being manipulated by forces other than supplying them in. So we don't really have the invisible hand in a free market society. You're supposed to go to what serves the most people. And in fact, the companies that do the best job of serving the consumer usually wrongs think Amazon offers stuff, cheap energy, easy to get. That's why grew but then a thing about Facebook, what Facebook grow because it was free. And you go. Go on there and talk to your friends. Now, once you start getting the government in the middle of anything, it's going to cause right prices to go up. And then eventually the consumer will find something else to do. That's true capitalism at work, but we have, you know, people step in, and they say, well, let's regulate the internet, the internet regulates more wealth than any entity in the history of mankind, because it was free and unregulated, but, you know, the market itself, the consumer itself will self-regulate, but too many people think they want to cry foul, so give us a call eight eight Josh, but this is why talk about a rare political window of opportunity, and one book called the smart retirement book and that stands for these strategic movement around retirement. Taxation book a if you are a retirement plan owner the book talks about the benefits of tax diversification. So it's a new Forbes book gives a call eighty eight Josh for the free book, when you schedule and keep your no obligation review..

Josh jelenski Bill Gross Ray Delio government Warren Buffett Facebook Karl Marx Trump Berkshire Hathaway president Dallaglio Amazon Ben hunt John mauldin Berkshire stock Adrian Horan
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:12 min | 2 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"Yep. And that's where we like to see what mister buffet has to say an annual letter to investors we've got it over the weekend. We've been talking about it here on Bloomberg BusinessWeek. Dave Wilson also in the house and a tangerine pinky kinda shirt, salmon, salmon, rain, sorry. Carol massar. The. Interactive brokers. He's looking rather dapper. So Dave Wilson and his salmon shirt here to talk about Warren Buffett exactly day and Berkshire Hathaway's policy ever since buffet took the help I'm not paying dividends on their shares. Gummy thinking how has this company done over the arguably almost ten years of a bull market that we've seen in US stocks, certainly we can say that one began in March two thousand nine so I went back there and looked at how Berkshire stock has done Rowlett. It's the S and P five hundred because don't forget for the past few years. Their class b shares have indeed been part of the index, and you find an interesting contrast when you run the numbers if you just look at the S and P five hundred south Berkshire is a head. If you add in dividends and consider the total return of the S and P five hundred Berkshire is behind because it doesn't pay out any of all that cast. And it's many far behind. I mean, it's not that close. Not that close to me. You're talking about a difference of a little bit more than sixty percentage points. Now, I did have one reader Gary point out that, hey, every time a company pays a dividend. The share price goes down to adjust for that. Now. There's also something called compounding that gets into the mix here reinvested dividends. So assuming you're reinvesting whatever you got paid in. Berkshire shares you will be able to take more full advantage of the fact that the stock was beating the index over time, but it hasn't worked out that way because of their dividend policy. And what's interesting is Warren buffet likes receiving dividends. He does the companies that invest it also likes companies that buy back shares in Berkshire has been doing some of that. So it's a bit of a difference in terms of how shareholders get treated nonetheless. No dividend. And it's left a Mark in terms of shareholder returns here. Relative to the S and P five hundred even if you wanted to more folks semi an Email chart explanation that goes with it and everything I do going forward. The Email address is dwilson at Bloomberg dot net. That's d Wilson at Bloomberg dot net. David Wilson in that salmon shirt he'll be back a little bit later on with his stock of the day. I'm not gonna talk about lady Gaga, I wanna talk. In part because four year decline in TV viewers broken last night. I have to say we both watched it. I liked it. I thought it was a really nice show. Didn't miss the host. I felt like it moved along really quickly. You didn't have all those things like so and so's been nominated twenty million times before. They had a little bit of the the nuggets here there. The one thing that I did like from a production values. There was one shot where it was like you really like kind of up in there with the, you know, with people with a really tight shot of the presenters. Oh several times. I don't know if you noticed that didn't bother me. All right. You wanna give me close pictures of some of those good looking. Especially at Bradley Cooper. We're not going to go there because it's really no business angle to it. But there's some really fun things on Twitter about they Gaga and Bradley Cooper their performance, especially when they got cosy on the piano. Exactly. Yeah. The Twitter definitely married or dating either practically broke looking at that. And it just continued on through the day. But it was really interesting to watch a much more diverse set of presenters a much more diverse set of winners, some upsets a nicely pay show. And as he said, I don't think many people miss the host. No, no. And I think it was interesting to that. It was some of the upstarts. Meaning, you know, you're streaming services that one awards, but then, you know, green book Universal Pictures film. It took the top spot. So, you know, you can't rule out the studios, they're certainly, you know, kicking out some really great movies. I did love the moment to win Spike Lee jumped into Samuel Jackson's arms. That was just amazing. I mean the excitement on Samuel Jackson's face when he read. Read the winner for best adapted screenplay, and then Spike Lee, literally like jumping up in that purple suit. And my boys were pointing out his custom Oscar air Jordans that he was wearing the sneaker cool rings sloven. Hey. Yep. Love it. Love it love it. You're going to be headed off to Berlin. We don't want to forget, we wanna tease this because you're gonna have some great interviews. Kevin looking forward to this. This is the coverage called super return anybody in the private equity business. I wouldn't call it bummer return or you wouldn't call like return. But it is it's thousands of people descending on Berlin in late February because who wouldn't want to go then so not a boondoggle. And, but it is really a a lot of the big names. They're trying to breeze flat. CEO Brookefield interview. That's not so bad. Not as good as Cancun where I was last week. To be catching up with q song Lee. He's the CEO of Carlisle. Hey, David Rubenstein. You know, who obviously we know well from his work on the data driven sign shell Joe Barada, the head of private equity at bikes. A lot of big players are going to be there. Mike era Getty, the CEO of areas as well. So a lot of fun conversations. And look these guys have a window into the economy, the global economy hear you're going to be in Germany, right? And we've talked about they just kind of skirting going into a recession on concerns about global growth. You do wonder these guys look for great great buys, and you wonder where they're buying right now. Absolutely do and the values have gone up a lot. And at the same time. They've got a lot of money still coming in. You know, the the dry powder that everybody talks about. So where are they putting it to work are they able to sort of sell the things they need to sell to get some of that money. Recycled back Berlin drink of choice. I don't know for me. It's a Manhattan. Okay. Of course. It has no matter where he goes. It's in there you go. All right. Let's get some world and national headlines for that. We go to Bob moon in the newsroom, Bob what's wrong with that? Thank you very much. The Trump administration wants a United Nations Security council hearing tomorrow to deal with the crisis in Venezuela. That's according to a Security Council. Diplomats. Vice President Mike Pence traveled to Columbia today to show you what support for Venezuela's self-declared interim president and opposition leader one. Why do soldiers loyal to President Nicolas Maduro have been blocking humanitarian aid sent from the US and Pence condemned directions? These men worked to block aid for people in need. And suppress peaceful protests. While they're tyrant danced in Caracas. Their actions will not go unpunished a weekend of deadly clashes raise questions about the opposition's next steps in its effort to oust Madero, President Trump is on the way to Vietnam for his summit with Kim Jong UN North Korea has made no concrete commitments to give up its nuclear weapons program since the two leaders met in June. So Trump we'll be looking for significant steps this week. Bloomberg's Irv Chapman reports if Kim Jong a grace to destroy his prime nuclear testing facility, he has backup facilities. Jane harman. President of the Woodrow Wilson center noted in a Bloomberg interview, North Korea is still developing nuclear program, which is way more developed than Iran's was I doubt there will be anything even close to the Iran agreement which Trump to outlast here saying it wasn't adequate the data at least was a serious containment regime on the ground making sure around lived up to it. And the information is Iran didn't live up to Harmon said it's good that President Trump is paid serious attention to North Korea. And there have been no recent weapons. At the White House or Chapman, Bloomberg radio. Global news twenty four hours a day on air and a tick tock on Twitter. I'm Bob moon. Kevin..

Bloomberg mister buffet Dave Wilson Berlin Twitter President Trump Bob moon CEO Bloomberg BusinessWeek lady Gaga US North Korea Security Council Bradley Cooper Kevin Berkshire Hathaway Spike Lee Berkshire Iran Berkshire stock
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:31 min | 2 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"So don't fall for that one. Either. Best advice, hang up the phone. Don't reply to or click on the Email and report anything suspicious to law enforcers or the IRS on. Jan johnson. Bowls are finally opened in Nigeria the most populous nation in Africa and its largest democracy. Election observers say the presidential election is too close to call. But president Muhammadu Buhari told reporters each ready to congratulate himself, I'm Christopher cruise. And I'm Susanna Palmer from Bloomberg world headquarters berkshire-hathaway posted fourth quarter results today, the company run by chairman Warren Buffett said new accounting rule is to blame for a twenty five billion dollar net. Loss also troubles at craft Heintz hurt. Berkshire. It is the company's biggest shareholder abounds back in insurers led to an overall operating earnings boost of seventy one percent, Warren Buffett says he wants to spend a Berkshire Hathaway's growing cash pile said to be about one hundred twelve billion dollars on a giant acquisition. But he doesn't see that happening anytime soon. Trade negotiators for the US and China are working through the weekend after they failed to find a breakthrough. That would keep hire American tariffs from kicking in next week while they might come to terms that would stop further. Tariffs tariffs already. Put in place would stay according to feta soubra Manian head of US equity and quantitative strategy at Bank of America, Merrill, Lynch. I don't necessarily see them rolling back the two thousand eighteen tariffs. And I think that's increasingly priced into the market. A group of Microsoft employees are demanding the company abandoned four hundred eighty million dollar contract with the US army to build Berge of its Holo lens, augmented reality headsets for the battlefield in a letter circulated yesterday workers called it weapons technology. That's the latest in a series of protests from workers at tech companies objecting to certain uses of the products, they're building New York governor Andrew Cuomo is rallying a team of governors from fellow high tax states this to push congress to repeal the. Cap on deductions for state and local taxes. Eight democratic governors are banding together to pressure house speaker Nancy Pelosi to bring legislation that would eliminate part of the two thousand seventeen Republican tax overhaul although the effort looks doomed to fail. Global news twenty four hours a day on air hand picked up on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. These.

Warren Buffett Susanna Palmer US Muhammadu Buhari Berkshire Hathaway Jan johnson Bloomberg IRS Nigeria US army Twitter Bloomberg world Berkshire Africa Heintz Andrew Cuomo Nancy Pelosi New York Microsoft
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:47 min | 2 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"John. And Peggy color. On Bloomberg radio And good daddy Warren Buffett's Berkshire Hathaway said says cash pile has now. Swelled to an eye, popping, one hundred eleven billion dollars so the question arises Peggy what do you do with all that to? Tell us what you might do with all that money we have. Catherine Tig linski Bloomberg news reporter in New York cat what could buffet. Possibly do one hundred and eleven billion dollars in. Cash I, think that's the biggest question on, his mind I mean we've heard over the past year he's really lamented that. Like his idea of buying. Up companies hasn't worked recently prices, are just too high he can't. Really find good attractive large acquisitions. At a reasonable price and so, it's kind of interesting he actually just a month. Ago the berkshires board moved to cap on stock buybacks so it gives them a little more leeway to possibly pursue that. As some way to chip away at the cash pile so it'll be. Interesting to see is that sort of a Patsy takes he's actually Resisted this whole idea. Of a buyback for years even at the annual meetings that you and I both covered he's been asked the question year after. Year after year why now does, he seem to be breaking on that issue I think this is the most. Interesting point right he, doesn't, like capital return to shareholders because he argues that he can invest that money better by buying different? Businesses by putting those money and stocks but he's actually he's done. Share buybacks before he did a kind of a small one in two. Thousand twelve and he's always had it open as. A potential, option but the board had it, as they couldn't pay more than a twenty percent premium over book value so. There was sort of a. Little hesitancy on how much they, were willing to actually pay for. Stock buybacks but now they removed. That completely and I think it, sort of is interesting because yeah he historically has. Not really light share buybacks as an option just because he thinks he can do it better but by removing the cabinet. Sort of implies that they might be willing to kind of swoop in. The market And snap up some other stock step back just a bit but with buybacks yeah you know maybe. Shareholders like it but it's also kind of an admission by a company in the way an implicit admission that Oh we didn't know what, to do with. It, we're not, going to invest in, our own company and whatever so might as well give it back to, the shareholders and it's To me it. Sounds like an admission of defeat for buffet I think, it's it's an interesting admission because he, he, normally loves to to invest that money I. Mean he loves to buy companies he loves to buy stock. And he's as Warren Buffett run out of ideas that might be It's, a legitimate question. You may, question now because he at least big ideas ideas and I think, that's partially the problem to right Berkshire has grown so huge I mean his company's railroad his energy businesses his insurers they're all throwing off so much cash so quickly and I think. It's it's it's been rising I mean he reached last year the. Over the one hundred billion dollar Mark and I. Think I think it's hard to figure out how, can you do enough deals and enough stock. Purchases in, order to sort of actually. Chip away at any of that cash maybe maybe we, should set him up with the mosque The two later different in different industries what what else came out of their second quarter? Earnings at that was of interest to you what was it really strong quarter ensures, were up a lot the railroad was up at. The booming US economy really. Helped that, I think is, insurers a really, interesting last, year was pretty rough year for that hurricanes hurt. Those the auto insurance have, been facing a. Lot more, risks in crashes because more people were out on the road driving, Geico has been raising the rates and that helped a lot so they turned and underwriting profit after facing an underwriting lost the year before can we make the assumption from all this. That he's not going to be buying anything anytime soon Not exactly I. Think buffet still loves to sit on the sidelines and I everything that comes by I mean we actually just had a couple months ago he he had looked at taking investing. In Uber I mean I think he's still you know he's out there fishing. For ideas it's just what comes along at what price how how much how has he looked internationally Not much so we know that he's like a German company a little bit ago and it's. Not to say that he wouldn't look internationally but a, lot of his company's focus has been domestic. For so long I think that sort of plays to his idea of focus on what you know he's lot for a long time always emphasized. That he doesn't want to get into markets where he doesn't really understand exactly the. Risks and the benefits in. That area, house the, Stockman doing Berkshire stock has been doing? Quite well. Which is actually sort of the tension here he reported such strong second-quarter results that the. Stock price, popped on Monday and it's hard to tell. Is that too expensive for Buffett and Munger they. Didn't really, hint at what price, they'd be, willing to repurchase their own shares. So we'll have to see I mean you? Know is Berkshire stock cheap enough for them When you repurchase shares what you normally happens to Asaf brace is there. Is there a predictability to that does it usually go up or down it would. Normally go up a little bit. So as he kind of cuts back on the shares outstanding and helps raise the prices a little bit which is also a tricky thing. For them to rate shareholders pointed out that it might, be hard for them to buy too much. Stock without sort of really affecting the price and again making it too expensive to buy back more by back or not we'll see where this. Goes thank you so much cat thanks guys that's catching linski Bloomberg news reporter in. New York and just.

Warren Buffett Bloomberg reporter New York Peggy Berkshire Hathaway Catherine Tig Berkshire John. Geico US Asaf Buffett Stockman Munger one hundred eleven billion dol one hundred billion dollar eleven billion dollars twenty percent
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:45 min | 2 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"Radio And good daddy. Warren Buffett's Berkshire Hathaway said. This cash pile has now, swelled to an ipod one hundred eleven billion dollars so the question arises piggy what do you do? With all that to tell us what you might do with all that. Money we have Catherine to Glen ski Bloomberg news reporter in New York. Cat what could buffet possibly do one hundred and. Eleven billion, dollars in cash I think that's, the biggest question on his mind I mean we've heard over the past year. He's really lamented that like. His idea of buying up companies, hasn't worked recently prices are just. Too high he can't really find. Good attractive large acquisitions at a, reasonable price and so it's kind of interesting he. Actually just a month ago the berkshires board move to cap on stock buybacks so it gives them a little more leeway. To possibly pursue that as some way to chip away at the cash. Pile so, it'll be interesting to see is, that sort, of a path takes he's actually Resisted this whole. Idea of buyback for years even at the annual meetings that you and I both covered he's been asked the question year after. Year after year why now does he seem to be breaking on that issue, I think this is the. Most interesting point right he, doesn't like capital return to shareholders because he argues that he can invest that money better by buying? Different businesses by putting those money and stocks but he's actually he's done. Share buybacks before he did a kind of a small one in two. Thousand twelve and he's always had it open as. A potential, option but the board had it, as they couldn't pay more than a twenty percent premium over book value so. There was sort of a. Little hesitancy on how much they, were willing to actually pay for. Stock buybacks but now they removed. That completely and I think it, sort of is interesting because yeah he historically has. Not really light share buybacks as an option just because he thinks he can do it better but by removing the cabinet. Sort of implies that they might be willing to kind of swoop in. The market And snap up some other stock step back just a bit but with buybacks yeah you know maybe. Shareholders like it but it's also kind of an admission by a company in a way an implicit admission that We didn't know what. To do with it we're not going to invest, in our own company and whatever so might. As well, give it back to the. Shareholders and it's to me it sounds like an admission, of defeat for buffet I think it's it's an interesting admission because he he normally, loves to to, invest, that money, I mean he loves, to buy companies he loves to buy stock and he's as Warren Buffett, run out of ideas That might be Legitimate question now because he at least, big ideas ideas and I think that's partially the problem to right Berkshire has. Grown so, huge I, mean his, companies his railroad, his energy, businesses his insurers they're all throwing off so much. Cash so quickly and I, think it's it's. It's been, rising I mean he reached last year the over the one hundred, billion dollar Mark and I think I think it's hard to figure out how can you do enough deals and enough stock purchases in order to sort of actually chip away at any. Of that cash maybe maybe we should set him up with the Elon Musk The two later in their different industries what what else came out of their second quarter earnings that that, was of interest to you what was really strong quarter, ensures were up a lot the railroad was up at the booming US economy. Really helped, that I, think his, insurers are really, interesting last, year was a pretty rough year for that hurricanes. Hurt those the auto insurance, have been facing. A lot, more risks in crashes because more people were out on the road. Driving Geico has been raising the rates and that helped a lot so they turned into underwriting profit after facing an underwriting lost the year before can we make the suction from all. This that he's not going to be buying anything anytime soon Not exactly I. Think buffet still loves to sit on the sidelines and I everything that comes by I mean we actually just had a couple months ago he he had looked at taking investing. In Uber I mean I think he's still you know he's out there fishing. For ideas it's just what comes along at what price how how much how has he looked internationally Not much so we know that he's like a German company a little. Bit ago and it's not to say that he wouldn't, look internationally but a lot of his company's, focus? Has been domestic for so long I think that sort of his idea of focus on what you know he's for a long time always emphasized that he doesn't wanna get into markets where he doesn't really understand exactly the risks. And the benefits in that. Area house, the Stockman, doing Berkshire stock has been doing quite well which is actually sort of the tension here right he reported such, strong second-quarter results that the stock? Price popped on Monday and it's hard? To tell is that too expensive for Buffett. And Munger they didn't really hint at what price they'd, be, willing to. Repurchase their own shares so we'll have to see I mean you know is Berkshire stock. Cheap enough, for them when you repurchase shares what you. Normally happens to Asaf brace is there is there. A predictability, to that does it, usually go, up or down it would normally. Go up a little bit so as he? Kind of cuts back on the shares outstanding And helps raise the prices a little bit which is also a tricky thing for them to write shareholders pointed out that it might be hard. For them to buy too. Much stock, without really, affecting the price and again making it too expensive to buy back more by back or not we'll see where, this goes thank you so much? Cat thanks guys that's catching linski lured? News reporter in New York and just ahead. On Bloomberg.

Warren Buffett reporter New York Berkshire Hathaway Pile Geico Bloomberg Buffett Berkshire US Mark Asaf Munger Stockman one hundred eleven billion dol billion dollar twenty percent
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:50 min | 2 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"This is Bloomberg Bloomberg John Tucker and Peggy On, Bloomberg radio And good daddy Warren Buffett's Berkshire Hathaway says this cash pile has now swelled to an eye popping one hundred. Eleven billion dollars so, the, question arises Peggy what do you do with all that to tell us what you might do with? All that money we have Catherine linski Bloomberg news reporter in. New York cat what could buffet possibly do one hundred and eleven billion. Dollars in cash I think that's the biggest question. On his, mind I mean we've heard over. The past year he's really lamented that like he's idea of buying up companies. Hasn't worked recently prices are. Just too high he can't really, find good attractive large acquisitions at. A reasonable price and so it's. Kind of interesting he actually just, a month ago the berkshires board moved a cap. On stock buybacks so it gives them a little more leeway to possibly pursue that as some way to chip away at. The cash pile so it'll be interesting to see is that sort of. A Patsy takes he's actually resisted this This whole idea. Of a buyback for years even at the annual meetings that you and I both covered he's been asked the question year after year after year why now. Does he seem to be breaking on that issue I think this is the most interesting point right he doesn't. Like capital return to, shareholders, because he argues that he can invest that money better by buying different businesses by putting those money? And stocks but he's actually he's done share buybacks before he. Did a kind of a small one in two thousand twelve and he's. Always had it open as a potential option but. The board, had kept it as they couldn't, pay more than a twenty percent premium over book value so there was sort. Of a little hesitancy on. How much they were willing to, actually pay for sock buybacks but. Now they removed that completely and. I think it sort of is, interesting because yeah he historically has not really light. Share buybacks as an option just because he thinks he can do it better but by removing the cabinet sort of implies. That they might be willing to kind of swoop in in the market. And snap up some Mother stock step back just a bit, but with buybacks yeah you know maybe shareholders like it. But it's also kind of an admission by a company in a way an implicit admission that we don't. Know what to do with it we're not going to invest in our own company and whatever so might as. Well give it back to the. Shareholders and it's to me it sounds like an, admission, of defeat for buffet I think it's it's an interesting admission because he he normally loves to to invest that. Money I mean he loves to buy companies he loves to buy stock and he's as Warren Buffett run out of ideas that might be It's a legitimate, question, now because, the or at least, big ideas ideas and I think that's partially the problem to Berkshire has, grown so huge I mean his companies his railroad his energy businesses. His insurers they're all throwing off so much cash so quickly. And I think it's it's it's been rising I mean. He reached last year the over the one hundred billion dollar Mark and. I think I think it's hard to figure out, how can you do enough deals and enough. Stock purchases, in order to sort of. Actually chip away any of that cash maybe maybe we, should set him up with the mosque The two. Different ancient in their different industries what what else came out of their second quarter earnings at that? Was of interest to you what was a really strong quarter ensures were, up a lot the railroad was up the booming US economy really helped. That I, think is, insurers are, really interesting last, year was, a pretty rough year for that hurricanes hurt those. The auto insurance have been, facing a lot. More risks, in crashes because more people were out on the road driving Geico, has been raising the rates and that helped a lot so they turned an underwriting profit after facing an underwriting lost the year before can we make the assumption from all this. That he's not going to be buying anything anytime soon Not exactly I. Think buffet still loves to sit on the sidelines and I everything that comes by I mean we actually just had a couple months ago he he had looked at taking investing. In Uber I mean I think he's still you know he's out there fishing. For ideas it's just what comes along at what price how how much how has he looked internationally Not much so we know that he's like a German company a little bit ago. And it's not to say that he wouldn't look internationally, but a lot of his company's focus has. Been? Domestic for. So long I think that's sort of place to his, idea of focus on what you. Know he's, for a long time always emphasized that he. Doesn't wanna get into markets where he doesn't really. Understand exactly, the risks and the, benefits in, that area house the Stockman doing. Berkshire stock has been doing quite well which? Is actually sort of the tension here right He reported such strong second-quarter results that the stock. Price popped on Monday and. It's hard to tell is that too expensive for Buffett and Munger they didn't really hint at what price they'd be willing to repurchase. Their own shares so we'll have to see I mean, you know is Berkshire stock cheap enough for them When you repurchase shares what you normally happens to Asaf brace is there is there a predictability to that does it usually go up or down. It would, normally go up a little bit so as he kind of cuts. Back on the shares outstanding. It helps raise the. Prices. A little. Bit which is. Also a tricky thing for them to rape shareholders pointed out that, it might be hard for. Them to buy. Too much stock without really affecting the price and again making it too expensive to buy back more by back or not we'll see where this goes thank you so much cat thanks guys that's catching linski Bloomberg news reporter in. New York and.

Bloomberg Warren Buffett Bloomberg Bloomberg John Tucke Berkshire stock Peggy On New York reporter Catherine linski Bloomberg Berkshire Hathaway Geico US Berkshire rape Buffett Stockman Asaf Munger one hundred billion dollar Eleven billion dollars twenty percent
"berkshire stock" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

04:00 min | 2 years ago

"berkshire stock" Discussed on Invested: The Rule #1 Podcast

"Management. He had been doing thirty percent plus rates of return for many years. And I think at some point he got tired of people. Questioning his judgment about staying in stock or not staying in stock or leaving your money in cash and it it. It starts to wear on on investor in an investment managers after a while, the the demand of people for constantly improving rates of return. And I think that you know when when you're delivering thirty percent and people are still leaving your fund or re asking for redemptions or thinking you haven't done well, if you have a year where you don't do thirty percent, they, it must be frustrating that your own investors simply don't understand the investing method that you're using. In spite of all these letters you've written in spite of trying to teach them, they still don't understand. And I've seen that at the Berkshire meetings where where in two thousand eight buffet said very clearly, he hoped that the st-. Socks that he owns in Berkshire would go down in this recession of two thousand eight. He hoped said he hoped they would go down fifty percent. And I remember when you told me that on this podcast, I could not comprehend why anyone would want that, right? But now but now I'm like, oh yeah, of course. All right. You have drunk the Kool aid. Just thinking that you really, you really know you've drunk the rule, one Kool-Aid when you really look forward to your own stocks going down. I mean, that is so counter intuitive to the ninety, nine percent of investors out there. They just simply can't grasp why anybody would want that to happen. And that, of course, was the case with all of these people in the audience in two thousand eight. There was an audible Mon in the crowd from buffet say that because it would mean that Berkshire stock would go down and these people who are watching this master invest have been investors for years still did not understand the basic concepts of investing dad. Why would buffet want those stocks go down so that he can take the cashier has and buy lots more of them with companies already knows a lot about, doesn't have to do the research and bison on sale. And this. Ultimately would be the idea of consuming things. Right. We talked about this a couple years ago. I think maybe is that if if you were consuming hamburgers, you loved hamburgers. Do you want the price of hamburgers to go up or down? If you know you're going to be consuming hamburgers into the future. And buffets point is you should want the price of hamburgers to go down and he said, I am a consumer of stocks. I'm a buyer. I'm not a seller. And so if I'm a buyer, I want these companies to go on sale over and over again so that I can buy them cheaper and cheaper, and that that really does make sense if you're consumer over the long term. And that would mean you're having some form of capital coming in from the outside, right? You're not stuck with a single amount of money that you've got. You've got money coming in and payback time. I talked about it in the form of a Burki like basically cute term for Berkshire Hathaway being company which flows cashflow owner earnings flowing into Warren Buffett to reinvest every year. And I mean, it gets to be quite a pile of money coming in in the form of cash flow. So here's buffet right now, for example, with over one hundred billion that's come in from just pure cash flow from all these companies he owns. And so his his point is well taken. If you have, let's say you're in, you're making money in a job.

Berkshire Warren Buffett Berkshire Hathaway thirty percent fifty percent nine percent
Japan, EU to sign trade deal eliminating nearly all tariffs

Bloomberg Daybreak: Europe

02:16 min | 2 years ago

Japan, EU to sign trade deal eliminating nearly all tariffs

"Management one time on Tuesday may. Will add to. The appearance of crisis asking members of parliament to vote to start their summer vacation early it's harder for them to plot against the. Prime minister when their colleagues from parliament in, London Thomas penny Bloomberg daybreak Europe leaders. Of the European Union and Japan or, signing a widespread trade deal in Tokyo today eliminating nearly all tariffs Bloomberg's Chris Anstey. Explains. This comes as the US throws up barriers reducing. Tariffs, on Japanese cars headed for Europe, and European agricultural products such as wine and cheese headed for, Japan Prime Minister Shinzo and his European counterparts are expected to highlight how the deal stances a statement of. Confidence in the principles of free trade in contrast to. The, unilateral protectionist moves by US President Donald Trump in Tokyo Chris Anstey Bloomberg daybreak. I'm Warren Buffett keeps making good on his promise to eventually give. Away all his shares in Berkshire Hathaway buffet just gave away. Three point four billion dollars to five charities among them the Bill and Melinda. Gates Foundation so far buffet. Has given away Berkshire stock valued at thirty one billion dollars global, news twenty four hours a day on Aaron at take talk on. Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty. Countries I'm, Markus Karlsson this, is Bloomberg guy hey with the European sports usually England's quickest will to wrap up a, one day international series. We, Inova India laser they go into the deciding match Headingley locks, at one all inside convincingly, beats India at Lord's on Saturday to level the contest after being, thrashed by the, tourists at Trent Bridge Welsh title winners the new saints will lead to do something spectacular to reach second qualifying round of the Champions League. Tonight's therefore kneel down head against the home leg That's. How it Macedonian side scan Gandhiji Northern Irish champions crusaders are in an even worse position they start their second leg with new duress. Trading seven nil ranges attempts, progress to the second qualifying rounds of the. Euro per league later Stephen Gerald, side a up against cheapie heading into the second leg of. That tie in, Macedonia and, Chris Wray and we'll look to make up some, grounds cycling's tour of France regimes this morning offer arrestee before time champion heads to the outs one minutes and. Forty seconds behind..

Bloomberg Chris Anstey Bloomberg United States Prime Minister Champions League Thomas Penny Bloomberg Europe Tokyo Japan Chris Anstey Berkshire Hathaway European Union Warren Buffett Chris Wray Gates Foundation Donald Trump Gandhiji Northern Irish Twitter Markus Karlsson
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:59 min | 2 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"The fat not Jerome Powell will later on today. Deliver his semi annual monetary policy report to the Senate Bloomberg's international economics and policy correspondent. Mike Mckee tells us what to expect from the fed chair these hearings are less about what the fed chairman says about the economy then what he can't Powell said. Just last week the US economy is in a good place and signalled nowhere gency to raise, rates faster, what Washington, and. Wall Street really wanted l. however is how trade tensions and tax. Cuts may, affect that outlook to date fed officials have said they just don't know so expect Powell to remain cautious and offer little to move markets in. His, testimony in Washington. Michael Mckee Bloomberg daybreak Europe now for the, latest in global news has been bags and guarantees good morning Emma leaders. Of the European Union and Japan will set to sign a widespread trade deal in Tokyo later today that will eliminate nearly all. Tariffs Bloomberg's Chris Anstey explain this comes as. The US throws up barriers Reducing tariffs on Japanese cars headed for Europe and European agricultural products such as. Wine and cheese headed for Japan Prime Minister Shinzo Abe and his European counterparts are expected to highlight how the deal stances a statement of confidence in the principles of. Free trade in contrast to the unilateral protectionist moves by US President Donald Trump in Tokyo Chris, Anstey Bloomberg, daybreak the, official. Brexit campaigns being fined sixty one thousand pounds and referred to the. Peaceful breaking, election during the referendum the electoral commission says it's found serious breaches which meant vote leave broke is spending limits trade secretary Liam Fox he was Aleve, campaign denies at. That puts a question monk over the result The British public of made their position clear parliament voted to, have the referendum parliament. Pass the legislation to leave the European Union and in the general election that followed the referendum eighty percent. Of people voted for parties that said. They would honor the referendum result there is no, lack of democratic legitimacy here Warren Buffett keeps making good on his promise to eventually give away all his shares in Berkshire Hathaway Bartha gave, away three point, four billion dollars to five charities among them the Bill and Melinda Gates Foundation safer buffet has given away Berkshire stock worth thirty one billion dollars. And Elon Musk's being criticized for cooling British rescue worker, who helps save twelve. Youth football is and, they coach from a flooded tie cave a paedophile on Twitter then Unsworth made fun of the businessman's idea to. Use a mini submarine to help in the rescue operation Unsworth. Might be calling in the Lewis I'm, not gonna. Make any further. Comment about him but I think people realize what a guy Would you consider taking legal action against him Yes it's not finished global, news twenty four hours a day on air and it takes on Twitter powered by more than twenty seven hundred journalists and. Analysts in, more. Than one hundred twenty countries I'm neon Gary this is a Bloomberg Manus leeann thank you very much after.

Jerome Powell US Bloomberg fed Michael Mckee Bloomberg European Union Bloomberg Manus Anstey Bloomberg Europe Japan Mike Mckee Washington Tokyo official Twitter Chris Anstey Senate Liam Fox Elon Musk Shinzo Abe
"berkshire stock" Discussed on KGO 810

KGO 810

05:15 min | 2 years ago

"berkshire stock" Discussed on KGO 810

"As why point is that every day smart investors do stupid things he calls he talked about a new book written by michael bat nick called big mistakes the best investors and their worst mistakes the book is reminder that making mistakes with your money as normal it's human and it's hard to avoid some of the famous examples are mark twain economist john maynard key kings warren buffett's binter benjamin graham warren buffett and buffett's business partner charlie munger in vanguard's founder john bogel among others buffet has admitted that in the past he made a huge mistake in nineteen ninetythree when he bought the dexter shoe company instead of paying painting cash he used twenty five thousand shares of stock at berkshire hathaway to trade those shares were worth four hundred thirty three million dollars by two by two thousand and seven buffet said dexter was work was a worthless company those twenty thousand berkshire's shares are now worth about seven point four billion dollars i guess the dexter people were quite happy except for burlington northern santa fe corp the railroad berkshire bought in two thousand nine for forty four billion in cash and stock deal buffet has said that anything he ever gave stock four was a mistake the reason was that for that is that until recently berkshire has performed so well that exchange you to stock for almost any other asset produced a lower return buffet often likes talked about his sakes he likes her mind shareholders that they do make them and even though he knows that miss the mistakes he's made has it stops him for repeating his mistakes just five years after the gesture deal dexter deal he spent twenty two billion in berkshire stock when he bought the reinsurance company general recall he felt the jewelry was worth it worth more than a turned out to be buffet takes people beat themselves up too much regarding the mistakes but he never looks back on the decisions with regret he does visit them for learning purposes so when you're a billionaire you have the luxury recovering from your estates but we're what what about the rest of us i will say that one of the disciplines that warned does employ as he's very much about cash flow that's that's enabled him because of everything else is performing producing cash that's why he's so anti gold i know a lot of us like gold i understand the emotional attachment to it i'm not a big advocate of it we do have commodities in our portfolios but we're not necessarily buying metal but i understand that a lot of people like it buffets very much against it because it does replace or desert produce anything more one of those tangible emotional purchases holds in there and i think that's where things get dangerous and you stop and think about it well if all buffets other companies are producing income that allowed for him to correct mistakes that he was making but again when you're a billionaire you you have that luxury right the article mentions one of the financial companies that framed shares of stock on wall street or a wall that he called the wall of shame one of the certificates is a i g aig dropped ninety six percent in two thousand eight and lucid technologies fell ninety four percent from nine hundred ninety nine two thousand and one and yes even one of the biggest investors like buffet could make mistakes according to next book so if you're gonna make mistakes to survive it's important to have a little empathy for yourself and your future self and i would just say learn from whatever it is and have an exit strategy we've had a lot of calls lately last week last week was a busy week for it but we have a lot of calls about crypto crypto my my my my comments are the same right what do i say i recommend it as a registered investment advisor i don't feel that it's appropriate for my clients but if you're going to speculate in it then invest invest with whatever amount of money you are able to lose and then hold it and see what happens you might get lucky and might not but if you're concerned about how the new tax laws affect your retirement if you're concerned about transitioning your portfolio from accumulation to distribution choosing.

nick michael four hundred thirty three mill four billion dollars ninety four percent ninety six percent five years
"berkshire stock" Discussed on 94WIP Sports Radio

94WIP Sports Radio

03:57 min | 2 years ago

"berkshire stock" Discussed on 94WIP Sports Radio

"And a good analogy it's very true that that is how i feel about it but if you want some just ran it was just click advice about where to put money if you want to play with stocks i would say at least go for the dividend yielding wants and be careful of the dividend yielding ones even careful for the for the ones that are meaningful or reasonable defense versus the defendants if you which i don't watch i personally say just avoid the stock market together but it's other one of course is real estate but i can understand what that's hard for people to get into if they don't have a lot of money and just in or maybe bonds but just in general the these zerosum pasi assets like google's stocking brochure berkshire stocks is just way where people are just cannibalizing each other for money busters that's it and the people who are propelling the lie are the people who are making money off of this are one wall street and and people were issuing stock and to these companies because they can issue stocks and get more money all the time so i mean one scary fact about tesla just throw out there as well i remember they lost four point seven billion dollars but one fact most people don't understand and reporters are not reporting right now is over the past three years chesa also issued i mean not three years since two thousand thirteen over the past five years kesse also issued an additional fifty five million shares of stocks okay their stocks outstanding went from a hundred and fourteen million in two thousand thirteen to what is now one hundred and sixty nine million outstanding shares okay so so the issue fifty five million shares over the past five years to stay in business so they're printing the stuff to fund their operations which is which is yeah i don't think i need to explain why that's a little bit beyond shady like putting dollars into xerox machine yeah pretty much but you know what hey i gotta give his he he knows how to work it i mean he knows how to work it as and he you know he knows how to work as an apparently printing all that stock did not dilute is just apparently there was enough demand based on the stuff he he does in the media and the pr end so but nonetheless scheme is what it is i mean i'm not i have i personally have nothing against the law by the way i got nothing against you on except for what i do realize is that this is a scheme he's running and there are also a lot of bright people out there with a lot of bright ideas who are who basically are not running to scheme and they're trying to do things a little more legitimate when they're coming out and trying to do good things to change the world i you know step at a time because my followers i really i really appreciate him at this early stage when they read the book and and they're also appreciative that share this knowledge as well once once things get bigger i would like to personally get involved in trying to push a little more changed like one i'll just throw one one thing i would love to do is let's get a database that tracks investment losses 'cause believe it or not that doesn't exist i talked to investment banking friend of mine he basically all they're not gonna let that have wall street won't let that happen that's gonna like overturn the system but but then again i it's kinda hard for i think an industry to say we don't want you tracking that right as in what.

three years five years seven billion dollars
"berkshire stock" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

01:31 min | 2 years ago

"berkshire stock" Discussed on We Study Billionaires - The Investors Podcast

"Were at the meeting when that happens to maybe what two years ago or something like that and the reason he doesn't do it is because tax reasons so if i get paid a dividend from company i'm taxed on that income on my personal level right but if he returns that money by doing share buybacks then he doesn't go through the same tax implications for the people that are receiving that the shareholders are receiving that benefit and i think maybe the best way to think about this think about it from buffet standpoint he owns what forty percent of the company so could you imagine the special dividend payout that he would receive privately as the shareholder of that many shares what his tax bill would be that year for receiving such a huge payout it'd be astronomical but if he takes all that cash flow and he buys back berkshire stock then then he reduces the number of shares that are outstanding which then boosts the value of the shares and that's how he can pay himself without basically getting double tax that's what his preferences now he didn't say absolutely that's what he's going to do and he brought up the intrinsic value of berkshire whenever he said that because maybe it would make more sense to make a special dividend payment but in order for that to happen the intrinsic value of the berkshire stock would have to be so overvalued that it would offset the tax bill that he would have to pay as a private owner of the shares which he thinks is very improbable and so that's why he kind of phrase that that way but you know interesting question for people to hear because they might not understand why he he.

berkshire forty percent two years
"berkshire stock" Discussed on WSB-AM

WSB-AM

02:14 min | 3 years ago

"berkshire stock" Discussed on WSB-AM

"Nine point nine percent that's compounded over that whole period of time from nineteen sixty nineteen nineteen sixty five to twenty seventeen at nine point nine percent on average per year berkshire has done twenty point nine percents almost twenty one and the difference between those two was just just enormous the the snp has been fifteen fifteen thousand five hundred and eight percent to be exact and if you look at the per share market value of berkshire stock over that same period of time is two point four million it's let me read the number two million four hundred and four thousand seven hundred and forty eight percent basically two point four million percent th there's this enormous enormous difference if you can find a strategy or anything the compounds like that and then i think the reason i bring that up and i wanted to talk this through with you is that you can look at this a lot of different ways but if you don't need the money and you're not worried about the risk then i think you can potentially take on a little bit more risk there's no reason to leave this in effectively the g fund right or the f fund and it at vanguard the equivalent would be let's say that the short term bond index so they have an etf the symbol on this is b s v bs visas just vanguards and this is going into saying hey what should i reinvest it in if you reinvested your vanguard ira if you roll the tsp account into van guard and wanted to be a similar format seventy five percent of your of your reinvestment would go in vanguard shortterm bond index which is going to be the yield on that today let's see i'm gonna guess it's probably one percent one and a half percent bs v today as i pull this up the yield is one point seven percent and that's come up a bunch because short term short term interest rates have gone higher because the fed's been raising rates the other side of this dave is that the you.

snp fed dave nine percent four million percent seventy five percent forty eight percent eight percent seven percent one percent
"berkshire stock" Discussed on KQED Radio

KQED Radio

01:52 min | 3 years ago

"berkshire stock" Discussed on KQED Radio

"To the point because we buy more from mexican companies than we sell to them would often happens is that when mexican truckers get to the united states get to a warehouse or to a retailer they don't have a trailer to bring back in much like a foreign airline they can't go between locations in the united states they can kind of go to wisconsin and come back go back to mexico so if they don't have a trailer to bring back with them is probably not a shipper paying for for that root which means that it's pre it ends up being pretty expensive to to hire them to do that job mentally control of running the new of the other day fascinating about uh trucking cross the us makes me more not only thanks law it's always great to be here but oh oh oh coming up and now it's really just a matter of ease and comfort staying comfortable at the office but first let's do the numbers no no just gave back just under a tenthpercent today 16 points 25000 three sixty nine from the blue chips nasdaq reversed about a ten percent eleven point seventy one fifty three sp 500 also down a tenth three points wrapped up a twenty seven forty one reason bonds as we said yesterday the prospect of rising yields could be taken some gas out of equities prospect of rising interest rates did however raise interest in financial stocks jp morgan chase deposited a percent morgan stanley added about one point one percent as we told you warren buffett promoted to executive likely to take the top rungs of the latter berkshire hathaway someday buffet as we said in no hurry berkshire stock up one percent three hundred eighty.

united states wisconsin interest rates financial stocks morgan stanley mexico nasdaq jp morgan warren buffett executive one percent ten percent
"berkshire stock" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:55 min | 3 years ago

"berkshire stock" Discussed on WNYC 93.9 FM

"To the point because we buy more from mexican companies than we sell to them would often happens is that when mexican truckers get to the united states get to a warehouse or to a retailer they don't have the trailer to bring back and much like a foreign airline they can't go between locations in the united states they can kind of go to wisconsin and come back go back to mexico so if they don't have a trailer to bring back with them is probably not a shipper paying for for that root which means that it's pre it ends up being pretty expensive to hire them to do that job mentally control f a running the new york of the other day fascinating about uh trucking cross the us makes you more now we think fought it's always good to be here we oh oh ooh coming up and now it's really just a matter of ease and comfort stink comfortable at the office but first let's do the numbers now doctors gave back just under a ten percent today 16 points 25000 360 9 from the blue chips nasdaq reversed about a ten percent eleven point seventy one fifty three sp 500 also down a tenth three points wrapped up at twenty seven forty one reason vaughan's as we said yesterday the prospect of rising yields could be taken some gas out of equities prospect of rising interest rates did however raise interest in financial stocks jp morgan chase deposited a tenthpercent morgan stanley added about one point one percent as we told you warren buffett promoted to executive likely to take the top rungs of the latter berkshire hathaway someday buffet as we said a no hurry berkshire stock up one percent three hundred eighty eight thousand fifty dollars you're listening.

united states wisconsin york vaughan interest rates financial stocks morgan stanley mexico nasdaq jp morgan warren buffett executive one percent ten percent three hundred eighty eight tho
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:39 min | 3 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"Be vetted by so we get along just fine talked about different things and the way we thought about things was some of that is a rational evidencebased and so forth his method of investing though was a lot more handson though i wanted to be a wasn't interested in spending might toward 100 percent energy mlive just investing i just thought it was an interesting thing to be involved in because i have somebody to invest at the time so the 1916 nine letter from buffet to his partners explains he's winding down and eventually he takes berkshire hathaway and relaunches it not to not too far from the distance you're one of the first investors and in berkshire hathaway's at a fair statement no not so early what happened was buffeted and tell his limited partners the what he was born next what he was going to do next was turned berkshire hathaway into his own private mutual fund mmhmm so he has stock to distribute and he he could either distributes stocked the investors or give the money and he preferred i think to keep the stock and give the money so mostly investors were cashing out some of them took some berkshire stock and out not a whole lot happened with berkshire for the next decade and uh i was unaware that he was turning it into his army chauffeur but 1982 i was sitting around doing something or other with petrol does that immonen princeton report partners and heard some news item about berkshire hathaway and warren buffett so i focused on an realized right away a what had happened in the intervening fourteen fifteen years buffeted kern this uh sick textile.

berkshire hathaway berkshire kern princeton warren buffett fourteen fifteen years 100 percent
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | 3 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"He wants someplace to put his money was coming out of buffet partners and buffett was vetting you to see if you're okay to take their money right which is not a bad person to be vetted by so we got along just fine talked about a lot of different things and the way we thought about things was similar those are rational evidencebased and so forth his method of investing though was a lot more handson that i wanted to be a wasn't interested in spamming my total 100 percent energy and life just investing i just thought it was an interesting thing to be involved in because i have someone to invest at the time so the sixty nine letter from buffet to his partners explains he's winding down and eventually he takes berkshire hathaway and relaunches it not to not too far from the distance you will one of the first investors in in berkshire hathaway said affair statement no not so early what happened was a buffet didn't tell his limited partners the what he was going to do next orders lender next was turned berkshire hathaway andrews on private mutual fund so he has stock to distribute and he he could either distributes dr the investors or give the money me and he prefer i think to keep the stock and give the money so mostly investors were cashing out some of them took some berkshire stock and not not a whole lot happened with berkshire for the next decade and uh i was unaware that he was trying to get andrews on mutual fund but in 1982 i was sitting around doing something or other with petrol does that i'm running princeton report partners and heard some news item about berkshire hathaway and warren buffett focused on an are realised right away way what had happened in the intervening fourteen fifteen years the buffeted turn this a sick textile company into his own private investment tool haven't been able to invest in berkshire hathaway and nineteen sixty four to nineteen seventy i might have invested somewhere in the twelve fifty dollar range but but now but now the stock with nine hundred eighty two dollars multi was ag it's already padam all a huge multiple you don't wanna buy now i said yes i wanna buy now so i began buying and and how long did you hold onto berkshire has added you still have to this day.

berkshire hathaway berkshire hathaway andrews dr princeton warren buffett nine hundred eighty two dollar fourteen fifteen years twelve fifty dollar 100 percent
"berkshire stock" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"berkshire stock" Discussed on Bloomberg Radio New York

"See if you're okay to take them on right which is not a bad person to be vetted by so we got along just fine talked about while different things and the way we thought about things was civil those are rational evidencebased and so forth his method of investing though was a lot more handson though i wanted to be i wasn't interested in spamming my toward 100 percent energy mlive just investing i just thought it was an interesting thing to be involved in because i have some money to invest at the time so the 1960 nine letter from buffet to his partners explains he's winding down and eventually he takes berkshire hathaway and relaunches it not to not too far from the distance you were one of the first investors in in berkshire hathaway said affair statement no not so early what happened was a buffet didn't tell his limited partners the what he was wearing drew next what he was going to do next was turned berkshire hathaway andrews on private mutual fund so he has stock to distribute and he he could either distributes dr the investors or give the money and he prefer i think to keep the stock and give the money so mostly investors were cashing out some of them took some berkshire stock and not a whole lot happened with berkshire for the next decade and uh i was unaware that he was turning it into his own mutual fund but in 1982 i was sitting around doing something or other with the hedge fund does that i'm running princeton report partners and heard some news item about berkshire hathaway and warren buffett focused on it and i realised right away a what had happened in the intervening fourteen fifteen years that buffeted turn this sick textile company to his own private investment tool had i've been able to invest in berkshire hathaway and 1960 four to nineteen seventy i might have invested somewhere in the the twelve to fifty dollar range but but now but now the stock with nine hundred eighty two dollars multi was ag it's already had a multi a huge multiple you don't wanna buy now i said yes i wanna buy now so i began buying up and and how long did you hold onto burke shot as it you still have to.

berkshire hathaway berkshire hathaway andrews dr princeton warren buffett burke nine hundred eighty two dollar fourteen fifteen years fifty dollar 100 percent