Warren Buffett’s Berkshire Hathaway Inc. sold off most of its Goldman Sachs Group Inc. stake, a longtime holding that slumped nearly 33% during the first quarter as the global pandemic roiled financial markets.
The company cut its investment in JPMorgan Chase & Co. by 3% in the first quarter. Buffett’s company has been a big investor in banks in the past, normally trying to keep many of those stakes below a 10% level often scrutinized by regulators.
https://finance.yahoo.com/news/berkshire-sells-majority-goldman-stake-205627025.html
Algajate teemas vastust ei saanud, kopeerin oma küsimuse igaks juhuks siia ka....
Kas keegi oskab seletada Berkshire madalat P/E'd? Kuidas see saab olla 15 kandis, samas nende kõige suurem osalus Apple on 42 ja vaevalt ülejäänudki eriliselt väikesed on. Kas see tähendab, et Berkshire on odavam võimalus osta Applet?
Kas keegi oskab seletada Berkshire madalat P/E'd? Kuidas see saab olla 15 kandis, samas nende kõige suurem osalus Apple on 42 ja vaevalt ülejäänudki eriliselt väikesed on. Kas see tähendab, et Berkshire on odavam võimalus osta Applet?
"toonik"
Kas see tähendab, et Berkshire on odavam võimalus osta Applet?
Paneme siis konkreetse vastuse: ei, P/E kaudu ei saa neid asju võrrelda isegi siis, kui BRK ainuke vara oleks Apple
"toonik"
Algajate teemas vastust ei saanud, kopeerin oma küsimuse igaks juhuks siia ka....
Kas keegi oskab seletada Berkshire madalat P/E'd? Kuidas see saab olla 15 kandis, samas nende kõige suurem osalus Apple on 42 ja vaevalt ülejäänudki eriliselt väikesed on. Kas see tähendab, et Berkshire on odavam võimalus osta Applet?
Sest praegu oleme põhimõtteliselt buumi lõppvaates ja kasvuaktsiad on populaarsed, klassikalised valuatsiooni meetrikud on aknast välja visatud ja väärtusaktsiad on ebapopulaarsed. PE polegi nii tähtis. Üldine meelestatus BRK ja WB suhtes on ülinegatiivne. Sama nagu 2000 buumi ajal kus räägiti, et WB on vana ja ajast maha jäänud.
Panustan, et turg hindab see aasta BRK.B ümber vahemikku 275-300 usd.
Kui just mingit suuremat krahhi ei tule...
BH AGM aka the Woodstock of Capitalism toimus 2. a. järjest virtuaalselt, mitte kümnete tuhandete osavõtul Omahas. Buffett (90) matkas LA-sse kus ta parem käsi Munger (97) elab. Järeltulev põlvkond, Ajit Jain (69) ja Greg Abel (58) olid ka käepärast a neil vist nii suurepärast klappi pole kui üheksakümbistel bossidel.
During a 4-hour session, Buffett and Munger — fuelled by Diet Coke and peanut brittle — signalled no interest in walking away. “I would like to point out that in 3 years Charlie will be ageing at 1% a year,” Buffett laughed. “We will have the slowest ageing management, percentage wise, by far, that any American company has.”
Berkshire, which for decades outperformed the S&P 500, has slipped behind that index in the past 5 years. WB defended the conglomerate’s activity during the pandemic, including its sale of stakes in major airlines which have since recovered significantly. Berkshire also reduced its positions in leading banks and did not make a large acquisition. He conceded that selling some Apple shares was “probably a mistake”, however. Berkshire’s stake in the iPhone maker remains significant, comprising about 39% of its total declared investment portfolio. Buffett admitted his surprise at America’s “red hot” recovery. “Economy right now, 85% of it is running at super-high gear.”
Critics assert that Berkshire is struggling to keep in step with the times. Buffett, who controls almost a third of the voting power, ensured 2 motions were easily defeated. The first, supported by just over 25% of votes cast, called on it to publish annual reports on its climate change efforts. The second, with the backing of 24%, proposed greater disclosures on diversity. Although Buffett does not dispute the importance of either issue, he said such group-wide requirements would be “asinine” for a vast conglomerate built around autonomy.
He expressed an aversion to “moral judgments” on stocks and said he had “no compunction” about owning shares in Chevron, the oil group. Munger concurred. “I don’t think we think we know the answer to all these questions about global warming. The people who ask the questions think they know the answers. We’re just more modest.”
Buffett opened meeting with a warning to the influx of day traders dipping their toes into the market.
“We’ve had a lot of people in the casino in the last year,” Buffett said. “Nobody tells you when the clock’s going to strike 12 and it all turns to pumpkins and mice. There’s a lot more to picking stocks than figuring out what’s going to be a wonderful industry in the future,” he said, noting that some 2,000 automobile companies were established in the US on 20th century. “In 2009 there were 3 left, 2 of which went bankrupt.” Munger branded the popularity of apps like Robinhood “God-awful”. He said: “I don’t mind the poor fish that gamble. I don’t like the professionals that take the suckers.” Munger, a long-time critic of cryptocurrency, also described bitcoin as “disgusting and contrary to the interests of civilisation” and “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth.”
This year’s unprecedented level of SPAC floats was symptomatic of the “gambling impulses” that had taken hold across the market and this “killer” surge in blank-cheque listings had curbed BH’s ability to pursue acquisitions, WB said. He said his investment giant would not have “much luck” with takeover deals despite its $145.4 billion cash pile, citing the hundreds of SPACs scouring industries for targets.
During a 4-hour session, Buffett and Munger — fuelled by Diet Coke and peanut brittle — signalled no interest in walking away. “I would like to point out that in 3 years Charlie will be ageing at 1% a year,” Buffett laughed. “We will have the slowest ageing management, percentage wise, by far, that any American company has.”
Berkshire, which for decades outperformed the S&P 500, has slipped behind that index in the past 5 years. WB defended the conglomerate’s activity during the pandemic, including its sale of stakes in major airlines which have since recovered significantly. Berkshire also reduced its positions in leading banks and did not make a large acquisition. He conceded that selling some Apple shares was “probably a mistake”, however. Berkshire’s stake in the iPhone maker remains significant, comprising about 39% of its total declared investment portfolio. Buffett admitted his surprise at America’s “red hot” recovery. “Economy right now, 85% of it is running at super-high gear.”
Critics assert that Berkshire is struggling to keep in step with the times. Buffett, who controls almost a third of the voting power, ensured 2 motions were easily defeated. The first, supported by just over 25% of votes cast, called on it to publish annual reports on its climate change efforts. The second, with the backing of 24%, proposed greater disclosures on diversity. Although Buffett does not dispute the importance of either issue, he said such group-wide requirements would be “asinine” for a vast conglomerate built around autonomy.
He expressed an aversion to “moral judgments” on stocks and said he had “no compunction” about owning shares in Chevron, the oil group. Munger concurred. “I don’t think we think we know the answer to all these questions about global warming. The people who ask the questions think they know the answers. We’re just more modest.”
Buffett opened meeting with a warning to the influx of day traders dipping their toes into the market.
“We’ve had a lot of people in the casino in the last year,” Buffett said. “Nobody tells you when the clock’s going to strike 12 and it all turns to pumpkins and mice. There’s a lot more to picking stocks than figuring out what’s going to be a wonderful industry in the future,” he said, noting that some 2,000 automobile companies were established in the US on 20th century. “In 2009 there were 3 left, 2 of which went bankrupt.” Munger branded the popularity of apps like Robinhood “God-awful”. He said: “I don’t mind the poor fish that gamble. I don’t like the professionals that take the suckers.” Munger, a long-time critic of cryptocurrency, also described bitcoin as “disgusting and contrary to the interests of civilisation” and “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth.”
This year’s unprecedented level of SPAC floats was symptomatic of the “gambling impulses” that had taken hold across the market and this “killer” surge in blank-cheque listings had curbed BH’s ability to pursue acquisitions, WB said. He said his investment giant would not have “much luck” with takeover deals despite its $145.4 billion cash pile, citing the hundreds of SPACs scouring industries for targets.
How Berkshire Hathaway evolved over the years:
https://twitter.com/QCompounding/status/1580991156456157184
https://twitter.com/QCompounding/status/1580991156456157184
Charlie Munger ei jõudnud kahjuks sajani.
https://finance.yahoo.com/news/charlie-munger-warren-buffetts-longtime-investing-partner-dies-at-99-211406297.html
Suur mees on lahkunud.
https://finance.yahoo.com/news/charlie-munger-warren-buffetts-longtime-investing-partner-dies-at-99-211406297.html
Suur mees on lahkunud.
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