No. of Recommendations: 0
Also in Barrons. Those of us who have followed Buffett and brk for 30 years know these events are driving Buffett crazy. HOW will he respond? Even more cash?
" Banks Want to Crash the Bitcoin Party. Trump Is Opening the Door.
Companies like Bank of America may soon be able to offer more crypto services as Trump’s pro-crypto policies take shape."
https://www.barrons.com/articles/bitcoin-trump-cry...
No. of Recommendations: 2
The article is paywalled. Perhaps you should not just post a link, but summarize the content.
No. of Recommendations: 2
Barrons,
" Back in the 1990s, Berkshire Hathaway CEO Warren Buffett helped popularize the leading staples stocks with his investments in Coca-Cola
KO
+0.76%
and Gillette. He referred to them in his 1996 annual shareholder letter as “inevitables” destined to “dominate their fields worldwide for an investment lifetime.”
Those comments probably top-ticked their dominance. Procter & Gamble bought Gillette in 2005 and subsequently took sizable write-downs on the deal. Coke stock, meanwhile, has badly trailed the market since Buffett’s letter, roughly doubling in price while the S&P 500 index
SPX
-0.95%
is up sevenfold.
Conditions aren’t looking much better for them now, particularly food and beverage stocks. Growth has slowed, and investors worry about the impact of the GLP-1 diet drugs and Robert F. Kennedy Jr.’s health initiatives. Industry leaders PepsiCo, Mondelez International, Hershey, and Kraft Heinz are down 15% to 20% over the past 12 months and trade with their lowest P/E multiples in years. Kraft now yields over 5%, and Pepsi nearly 4%.
TD Cowen analyst Robert Moskow remains unenthusiastic about many of the food stocks, citing weak trends in scanner data from stores. “For a variety of reasons, there could be an acceleration in the consumer desire for healthier foods,” he says.
The Mag 7 now represent almost 35% of the S&P 500, and they matter far more than staples stocks. Let’s hope their underperformance isn’t the start of a similar period of decline.""
No. of Recommendations: 1
" Here are the two links. It would be helpful if HC would post usable (non-paywalled) links such as these in his posts, along with a brief summary of the articles."
regulars know what they have to do with, the link. I have no idea IF what you are sharing is ok?
