Berkshire has reduced its equities holdings seven consecutive quarters

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GON

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Interesting read about Warren Buffet's Berkshire Hathaway selling more stocks than it holds for seven straight quarters. Of note, Berkshire has been reducing its holding of Apple.

Berkshire is sitting in almost $300 billion USD of cash. Buffet stated he is very wanting to buy more equities, just isn't finding bargains .

https://www.cnbc.com/2024/08/03/berkshire-hathaway-earnings-2024-q2.html
 
Probably trying to keep the stock up. Berkshire and Phillip Morris have been the best stocks that I have had. PM pays huge dividends for their stock price.
 
Jdeere562 said:
Warren Buffet only lives 30 miles from me.
Maybe I should get to know him better. :D
Click to expand...
Invite him over for BLTs, corn in the cob, and apple turnovers. Wouldn't shock me if he took you up on that meal. If the tomatoes in your BLTs are home grown, and the sweet corn just picked, I would be on my way over.
 
GON said:
Interesting read about Warren Buffet's Berkshire Hathaway selling more stocks than it holds for seven straight quarters. Of note, Berkshire has been reducing its holding of Apple.

Berkshire is sitting in almost $300 billion USD of cash. Buffet stated he is very wanting to buy more equities, just isn't finding bargains .

https://www.cnbc.com/2024/08/03/berkshire-hathaway-earnings-2024-q2.html
Click to expand...
When we started buying Berkshire Hathaway we should have bought a couple of "A" shares. But I was worried about Buffet and Munger's ages. Our first purchase of "B" shares was up 800% at last count. Obviously that took a few years, but it's still one of the best investments we've ever made.
 
GON said:
Invite him over for BLTs, corn in the cob, and apple turnovers. Wouldn't shock me if he took you up on that meal. If the tomatoes in your BLTs are home grown, and the sweet corn just picked, I would be on my way over.
Click to expand...
At least I am off meals on wheels and have better food to offer now! :ROFLMAO:
Daughter is bringing more tomatoes later today.
 
I like to buy when PE and future PEs are low...I cannot find much to buy right now either. But I will continue to load up on Apple, it just keeps going and going and going and going and going.⬆️
 
It makes sense. When single companies are valued more than the entire valuation of the entire industry of other nations, you know something isn’t right.

When the significant rises of indices are due to a select few companies, and the rest of the index, hundreds of companies, are flat to negative, something isn’t right.

As of the end of Q2 2024, for instance, small-cap value stocks were trading at 96.7% of their 20-year average P/E, while large-cap growth stocks were trading at 149.2% of 20-year P/E averages.

Of course they would take profit, and sit cash on the side at 5%.
 
He has his own way of investing, just like other successful investors. If I remember right, he did mentioned there is no way the future tax rate would be as low as now so he would like to cash out on the gain. If you read deeper into the message that means either the equities have been overpriced, or the debt has to pay off somehow by tax increase because you can't keep interest rate too low / inflation too high.

Berkshire has a lot of data to tell where the economy internationally is going, and therefore he definitely knows more than he is telling us. With enough cash he can be the last man standing, saving other companies while making a big return (just like he did for Goldman Sachs back in 08).
 
He had built up enough wealth to make many mistakes but they don’t get attention as he has many failures too.
One thing for sure value investing is key.
Though though in 2017 one example of a misjudgment was he sold off 900 million in all his Walmart stock because he wrongly predicted retail is dead. Walmart since is up 300% this is why you can’t pick and choose one of his stocks or sell a stock because he does, it’s his whole portfolio.

With Walmart instead of making a move because of value as he teaches he made a move on fortune telling.

He is a genus but you can’t select one stock it’s the whole package because in that package are many dogs and he has had many bad years too

Believe it or not the SOLE reason I bought Walmart around 2018/19 was using his mythology he mentioned one time. ONE HUNDRED PERCENT TRUE
Best decision I made still climbing 6 years later and even through Covid I can rest easy at night.

This is not a hit piece, everyone should study his history on how he built an empire out of nothing! Amazing, wish I studied the guy decades ago
It just a warning not to pick one stock out of his portfolio and think it’s right.

https://www.investopedia.com/financial-edge/0210/buffetts-biggest-mistakes.aspx
 
Last edited:
alarmguy said:
With Walmart instead of making a move because of value as he teaches he made a move on fortune telling.
Click to expand...
Berkshire is almost fully rules based. His rules told him it was time to sell, and he did. Probably wasn't fortune telling. In 2017 the fed was getting ready to tighten which was likely part of it.

The vast majority of the 3X walmart was pandemic money printing, which no rule could predict. He missed NVDA too? So does that make him bad at investing?

You only have to be right in the market 55% of the time to beat it handily.
 
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