Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 0
Folks, today DVA is surging, we all know Ted has owned for decades, its a buyback machine. Throwing to the side the ethics/ethos of the company, I know folks here aren't impressed with the company.
I'm talking strategy here. SIRI is similar in many ways to this from a financial point of view.
$15B of stocks were purchased this past quarter, that is a high amount.
Greg will be fine, let him have to own, or sign off on what Ted does, Ted doesn't want publicity, he wants to sit and analyse.
No. of Recommendations: 4
$15B of stocks were purchased this past quarter, that is a high amount.
Au contraire,$24B of equities were sold in the same quarter so they were net sellers of equities.
No. of Recommendations: 0
I don't understand the wholesale selling of all/most of Todd's positions. Were they all bad?
No. of Recommendations: 5
I don't understand the wholesale selling of all/most of Todd's positions. Were they all bad?
Not entirely surprising. Buffett did the same thing when Lou Simpson left. All his positions were liquidated and I remember him saying that was because he wanted a clean slate and he could not have the conviction that the original manager had in positions he didn't understand.
The 13-F is not yeat out so it is hard to know if he has done the same thing this time. It would be a shame if they dumped visa, mastercard etc based purely on who originally bought them.
No. of Recommendations: 4
I understand the net sales, yes they were net sellers of equities. But, when was the last time they found $15B of stocks to buy? OXY back in 2022
likely sold all of Todd's stuff, but added to or either initiated new positions.
