During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Why REITs Can’t Compound Like Berkshire. Here’s an excerpt from the episode: Jake: Yeah. Do you have any– Is there any reticence or– I don’t want to say regret, that’s not the right word. But the fact that the REIT … Read More
Warren Buffett: One of My Most Significant Investing Mistakes
In his 2020 Berkshire Hathaway Shareholder Letter, Warren Buffett reflects on an $11 billion write-down related to Berkshire’s 2016 acquisition of Precision Castparts (PCC), admitting he overpaid due to overly optimistic profit projections. Buffett emphasizes that no one misled him and praises PCC as a fine company with an exceptional … Read More
Warren Buffett – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Warren Buffett’s Auto Racing Analogy for Business Survival
In his 2010 Berkshire Hathaway Annual Letter, Warren Buffett discussed the importance of financial stability, drawing a parallel between auto racing and business: to succeed, you must first survive. He warns against the risks of leverage, which amplifies gains but can lead to ruin when losses occur, as seen in … Read More
Berkshire Hathaway’s Share Buyback Summary Q1 2021
In his latest Q1 2021 Berkshire Hathaway Letter, Warren Buffett discusses all of the company’s share buybacks in Q1 2021. Here’s an excerpt from the letter: Berkshire’s common stock repurchase program permits Berkshire to repurchase its Class A and Class B shares any time that Warren Buffett, Berkshire’s Chairman of … Read More
Warren Buffett: Why We Didn’t Repurchase Our Shares When They Were Relatively Cheap In March
Here’s the entire video of the 2020 Berkshire Hathaway Annual Meeting. One of the questions Buffett was asked was why he didn’t repurchase Berkshire shares in March when they were 30% cheaper than the price he purchased them at earlier in the year. Here’s an excerpt from the meeting: Becky … Read More
BRK 2019 Annual Report – The Power Of Retained Earnings
Warren Buffett recently released his Berkshire Hathaway Annual Report 2019. One of the key take-aways from the letter is Berkshire’s ongoing focus on the power of retained earnings from the companies in which Berkshire invests. Here’s an excerpt from the letter: At Berkshire, Charlie and I have long focused on … Read More
Berkshire Hathaway (Warren Buffett) – Top 10 Holdings Q1 2019
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Berkshire Hathaway: 10 Books That Every Investor Should Read
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every Investor Should Read Bill … Read More
Whitney Tilson: Analysis of Berkshire Hathaway’s Blowout Earnings
Over the weekend Whitney Tilson tweeted on Berkshire Hathaway’s blowout earnings saying: Berkshire reported blowout earnings this morning, with pretax operating earnings soaring 67%! We’ve posted our take here: https://t.co/VqfX6y4qIj. Our estimate of intrinsic value is now $348,000 for the A shares, meaning that BRK is trading at a 12% … Read More
Buffett Nears a Milestone He Doesn’t Want: $100 Billion in Cash
One of our favorite investors here at The Acquirer’s Multiple is of course Warren Buffett. This week Bloomberg reported that Buffett’s Berkshire Hathaway is sitting on $100 Billion at the end of its second quarter. The question is, what he is going to do with it? Here’s an excerpt from … Read More
Warren Buffett: Berkshire’s Earnings Aided By America’s Economic Dynamism
One our favorite investors here at The Acquirer’s Multiple – Stock Screener is of course Warren Buffett. One of the best resources for investors is Berkshire Hathaway’s Annual Reports and the associated Chairman’s Letters which are are full of investing nuggets. Berkshire’s recently released 2016 Annual Report provides lots of great … Read More