The longer your compound capital, the less you need luck and the more you need Shrewdness.
- Manlobbi
Investment Strategies / Mechanical Investing
No. of Recommendations: 0
someone believes
something is up?
No. of Recommendations: 5
Another possibility is that the downward trend in the price has gone so far and for so long (roughly straight line three months, both in absolute terms and especially relative to market terms) that some traders now want to fade it. Nature abhors a vacuum, and Mr Market abhors anything too predictable.
Jim
No. of Recommendations: 2
" Buffett reached out to CNBC and said this in inaccurate."
Interesting that Buffett would call cnbc to clarity that a potential rail deal isn't true but he doesn't call to confirm quarterly which trades are his.
I wonder why not?
No. of Recommendations: 5
Interesting that Buffett would call cnbc to clarity [sic] that a potential rail deal isn't true but he doesn't call to confirm quarterly which trades are his.
I wonder why not?
I'm sure you'll imply--but not directly state--some nefarious or underhanded reason.
No. of Recommendations: 0
Becky called Buffett ,not the other way around.
No. of Recommendations: 1
“ Becky called Buffett ,not the other way around.“ So, Becky can call every quarter to confirm which trades are his so that cnbc doesn’t report misinformation to their viewers but she doesn’t? Come on now, do t and t benefit from the Buffett bounce when their buys are erroneously reported as Buffett’s? Thank you.
No. of Recommendations: 2
anyone with half a brain knows which ones are his. The trades in the multi-billions are his.
No. of Recommendations: 0
“ anyone with half a brain knows which ones are his. The trades in the multi-billions are his.“ Thank you for sharing the brilliance of your thoughts with an old timer , odd lot er with 1/4 of a brain, on a good day.
No. of Recommendations: 0
I'm old too since 1989 .
No. of Recommendations: 2
up 8 came and went.
Elan
No. of Recommendations: 1
" I'm old too since 1989 ."
If you are an old timer you know that for decades we have debated which trades may have been Buffett. Come on man.
No. of Recommendations: 1
Should read, for over a decade, since t and t came on board.
No. of Recommendations: 4
If you are an old timer you know that for decades we have debated which trades may have been Buffett. Come on man.Have you ever taken a look at the owners manual?
https://www.berkshirehathaway.com/owners.htmlDespite our policy of candor, we will discuss our activities in marketable securities only to the extent legally required. Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are. Therefore we normally will not talk about our investment ideas. This ban extends even to securities we have sold (because we may purchase them again) and to stocks we are incorrectly rumored to be buying. If we deny those reports but say "no comment" on other occasions, the no-comments become confirmation.
Though we continue to be unwilling to talk about specific stocks, we freely discuss our business and investment philosophy. I benefitted enormously from the intellectual generosity of Ben Graham, the greatest teacher in the history of finance, and I believe it appropriate to pass along what I learned from him, even if that creates new and able investment competitors for Berkshire just as Ben's teachings did for him.
No. of Recommendations: 4
I have always seen your questions and I have responded going back to the old Motley fool days. However, you keep repeating the same questions and the answer to your question is easy to figure out. Buffett does the 1 billion or more buys. Todd and Ted do the smaller buys except for when they bought a stock for 1.1 billion.
No. of Recommendations: 1
“ Yes, Warren Buffett's Berkshire Hathaway did sell its entire stake in Paramount Global, and at a loss, according to news reports. Buffett himself confirmed the sale and the loss at Berkshire Hathaway's annual shareholder meeting, stating he took full responsibility for the investment decision, according to Deadline.
Berkshire Hathaway initially invested in Paramount in the first quarter of 2022, acquiring a $2.6 billion stake. By the end of 2023, they still held 63.3 million shares. However, in early 2024, Berkshire began selling off its shares, eventually exiting the entire position. Buffett stated that the sale resulted in a "quite a bit of money" loss, reports Deadline“ You always knew this was a Buffett trade? Many of us didn’t. Thank you.
No. of Recommendations: 1
“ Have you ever taken a look at the owners manual?
“ Quoting what Buffett said 26 years ago makes sense to you? Did Brk have an authorized buyback in place 26 years ago? Were T and T managing tens of billions of our money, 26 years ago? Are you saying there has been zero confusion with respect to which trades are Buffett’s the past ten years. I’ll go way out on a limb and predict brother Jim may disagree with you, but it’s a long shot.
No. of Recommendations: 2
Does anyone remember that "5 year rule" that was in the owners manual? And once the criteria was clearly not met the goalposts were moved. Perhaps it's time to update the manual.....
No. of Recommendations: 19
Are you saying there has been zero confusion with respect to which trades are Buffett’s the past ten years. I’ll go way out on a limb and predict brother Jim may disagree with you, but it’s a long shot.
I'm with them: pretty much zero confusion as far as I can see, at least among those I've wondered about.
Maybe a few at the borderline are a toss up?
Of course, style is often a bonus clue. Merger arbitrage is a favourite passtime of Mr Buffett's going back to when I was in kindergarten. In the other direction, it's hard to picture Mr Buffett placing money into (say) Snowflake's IPO.
Jim
No. of Recommendations: 14
Does anyone remember that "5 year rule" that was in the owners manual? And once the criteria was clearly not met the goalposts were moved. Perhaps it's time to update the manual..... I think it's fair to allow that no rule of thumb is going to be ideal forever.
The biggest flaw of the new touchstone isn't that it's new, it's that it's still using the S&P's market value progress as a bogey, rather than some metric of its value. It is now clear that the S&P can get wildly more expensive for a very very long time. We continue to await the singing of the proverbial fat lady.
These graphs are a bit old, but they illustrate the idea that Berkshire has been doing pretty well on a relative basis
http://stonewellfunds.com/BerkshireAndSpyValueGrow...http://stonewellfunds.com/BerkshireAndSpyRealReven...If one were to look at a decent metric of value rather than price, it seems that Berkshire has still been passing that "five year rule" pretty nicely.
Jim
No. of Recommendations: 2
Lou Simpson was investing a much smaller amount than T&T and yet both his trades and his overall record were able to be viewed by shareholders. Today that type of info is treated as classified information. Plus no one from BRK will discuss an investment (i.e. a stock holding) that is currently owned. Does any seriously believe that T and/or T have any unique insights about POOL or DPZ that someone else has not already mentioned/discussed? UCMTSU
No. of Recommendations: 0
“ Does anyone remember that "5 year rule" that was in the owners manual?“ Hey, be good.
No. of Recommendations: 18
Lou Simpson was investing a much smaller amount than T&T and yet both his trades and his overall record were able to be viewed by shareholders. Today that type of info is treated as classified information.
They were both disclosed in the same required way on the 13f forms, specifically in the same minimal way required by law. Unless I am greatly mistaken, it just so happened that Mr Simpson worked for a different legal entity within the group, so his trades could be identified that way.
As far as I know, the only reduction in the amount of information disclosed is that the annual report no longer includes a list of the top ten equity holdings with their share counts and cost basis prices. I suspect that one reason is that Berkshire became so big that, other than a couple of positions which were discussed like Apple, the firm was no longer primarily an equity holding company and individual stock positions were no longer very material to understanding the progress of the business. With few exceptions one can look at it as merely a portfolio, especially as it's no longer likely that superior stock picking will make much difference to returns over time.
As an aside, bear in mind that the purpose of the 13f is not so the public can see what investment managers are doing. It's so the SEC can know who has control of company shares. The fact that it allows people to be copycats is a side effect.
Jim
No. of Recommendations: 2
we all know the answers
