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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 4
Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N) has exited India's Paytm (PAYT.NS) after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday.
Berkshire Hathaway's BH International Holdings has sold more than 15.6 million shares of the digital payments firm, with a weighted average price of 877.29 rupees per share, exchange data showed.
https://www.reuters.com/business/berkshire-hathawa...Purchased in 2018 for $356 million. Don’t know if there were intermediate disposals. If not a big loss of over 50%. This was a Todd Combs investment and not Buffet’s.
https://www.reuters.com/article/us-paytm-funding-b...
No. of Recommendations: 1
Todd Combs is not learning the first Buffet rule.... DON'T LOOSE MONEY !
No. of Recommendations: 2
I so want to be inspired by T&T for the future...
Just not feeling it yet.
m
No. of Recommendations: 2
To be fair, they started the Apple and Chevron position.
No. of Recommendations: 0
"I so want to be inspired by T&T for the future...
Just not feeling it yet."
Same
Sometime I wonder if Berkshire would simply be better off using index funds for capital that would otherwise be allocated to equities. Of course, the Apple investment reinforces a case for the current approach.
No. of Recommendations: 1
They do thru the portfolio within Gen RE "New England Asset Management" This the famous "secret portfolio" that Motley fool tries to promote. The largest asset is now the SPY that they have.
No. of Recommendations: 1
Calguy-
No doubt AAPL has been a smashing success.
Looking at the buy/sell history of the Chevron position on Dataroma, looks like a typical hedge fund…lots of trading buys and sells.
Not terribly inspiring from my chair.
Does anyone know the score of our Chevron investment overall? Perhaps I’m missing something.
I’d prefer to see a couple more big fat sloth like compounders. But, that’s just me.
T&T have been around a while now. What’s on their BRK trophy shelf?
Don’t get me wrong, I know they are extremely smart and successful gentlemen. I’m still holding out hope for their next 20-30 years.
Happy holidays everyone.
m
No. of Recommendations: 2
The cost basis for Chevron is $85.00,. Mastercard , Visa, & Davita have also been big winners albeit with less money. % wise they have been huge,
No. of Recommendations: 1
<Purchased in 2018 for $356 million. Don’t know if there were intermediate disposals. If not a big loss of over 50%. This was a Todd Combs investment and not Buffet’s.>
So far I'm not impressed by the two T's. This is the major worry I have after Buffett and I hope Buffett has a backup plan for that.
No. of Recommendations: 0
"T&T have been around a while now. What’s on their BRK trophy shelf?"
Good question.
When I think of them, I think of the positions in Davita and Snowflake, although relatively small but perhaps thats a reflection of their valuation and the % of funds they are responsible for. Didn't one of them also open positions in Apple and Activision before Warren bought in?
No. of Recommendations: 1
Right from the start in late 2011, DVA was a huge position as a percentage of Ted's AUM back then. (Around 20% IIRC).
It was largely established at prices around half of today's or a bit higher, hence it is absolutely no huge winner so far.
See ownership history here:
https://dataroma.com/m/hist/hist.php?f=BRK&s=DVATo be fair, I don't think Ted was looking for a large outperformance in DVA. The position is in one of BRK's pension funds, not in the main equity portfolio. Ted probably wanted a reliable, solid long-term performer and this is what he got.
No. of Recommendations: 1
Charlie recently said "[investing has] gotten so hard that most of the people who are in wealth management have almost zero chance of outperforming an unmanaged index like the S&P.”
And in Berkshire's case, they have so much money that their investment possibilities are very narrow, and very picked over.
Perhaps Berkshire has to try to win in other ways?
No. of Recommendations: 0
Yes,one of them started ATVI & AAPL
No. of Recommendations: 3
“And in Berkshire's case, they have so much money that their investment possibilities are very narrow, and very picked over.
Perhaps Berkshire has to try to win in other ways?”
Size is indeed an anchor and opportunities slim for huge positions, but I think T&T will do fine in their growing roles. I trust WEB & CTM who hand picked them and have worked alongside them for a dozen years. Their Apple idea and influence on WEB and subsequent gains have been legendary. Their contributions and commitment to BRK go well beyond whether they manage to beat the index by a point or two long-term imo.
No. of Recommendations: 22
To be fair, I don't think Ted was looking for a large outperformance in DVA. The position is in one of BRK's pension funds, not in the main equity portfolio. Ted probably wanted a reliable, solid long-term performer and this is what he got.
I think this is an important point that is often overlooked in our wanting performance data on T&T. They are not only investing for gains for BRK shareholders but for safety for BRK retirees - present and future.
I'm as curious as their outcomes as you are - and would love to seen them. But Todd was originally hired to replace Simpson as Geico's stock portfolio manager. Then Ted was hired, and a lot of both of their early money was to manage pension fund money.
So an accurate measure of how they might manage BRK investment funds - ex pensions - would require some adjustments.
I can understand why Buffett doesn't get into this level of analysis. He seems to have been well satisfied with their approaches (and track records) to investment before he hired them - i.e., how well they matched his own. And I think - particularly as his remaining time grows shorter - he would take action if he were concerned.
And I also note that he uses them for other significant issues other than the money they manage. Helping him with the analysis of potential acquisitions is one. Trouble shooter is another - e.g. Todd with Geico. Ted also manages other activities.
So I'm going to trust Buffett on this one, knowing his concerns about his shareholders as partners. I think he would take action if he thought there was a problem.
He isn't obligated to inform us about his judgments to everything he does.
And, frankly, what other option do we have other than to trust his judgment?
No. of Recommendations: 0
No. of Recommendations: 0
I’m just eyeballin’ and spitballin’ but looks like we bought roughly 120m shares at roughly $162…
Understood lots of buy/sell on both sides of this big tranche, but $85 is a long way from $160.
Hoping I’m wrong and $85 is the number.
m
No. of Recommendations: 0
according to seeking alpha
No. of Recommendations: 0
remember, the original question was that either Ted and Todd originally bought Chevron between 7`-9`.
No. of Recommendations: 1
the original question and answer was that the original purchase was either Ted or Todd.If you notice, the original purchase was bought between 71-91.Chevron & Apple were indeed bought by the T&T with Buffett buying later .Thus the large purchase was under Buffett just like Apple. Just because Ted or Todd buy the stock first doesn't mean they are still the one's buying it.
No. of Recommendations: 0
Good point…
m
No. of Recommendations: 0
Mdtls, how did you filter this link with buy history and price over time, I've been playing around with the tabs and cannot find the link for it on Dataroma.
No. of Recommendations: 1
Click the small hamburger menu icon to the left of the ticker name/symbol.
No. of Recommendations: 1
Very few buy and holds like Buffett / Munger, it's more like the hokey cokey for most managers.
