Warren Buffett

[The Falcon]

Car's are not going to be phased out, dealerships will just switch to selling alternative vehicles when they become available eg. Electric cars.

When analogue CRT Televisions got phased out, and everyone bought LCD FLAT screens, was that bad or good for the people dealerships selling televisions?

if there is to be a big transition, the dealerships will be winners. It wont change their business model, they will still be making money selling the new cars, getting commissions on finance and insurance packages,

Actually, maybe thats buffets value adding play, considering he is already in the auto insurance business, seems like some good cross promotion opportunities to sell more auto insurance and finance packages.

Fragmented market, which is required to exist, opportunity to cross sell Geico and finance, loans to dealership for inventory purchases etc.

 

[Wysiwyg]

This quote drew a smile.

The octogenarian also revealed a secret of his longevity in his letter.

During Berkshire Hathaway's upcoming shareholders' meeting, he would consume enough Coke and candy "to satisfy the weekly caloric needs of an NFL lineman," he said.

"There's nothing like eating carrots and broccoli when you're really hungry," he added, "and want to stay that way."

 

[noirua]

April 10, 2021

 

[noirua]

23 Quotes from Warren Buffett on Life and Generosity

In a season of giving, here's some inspiration from the most generous person in America - Warren Buffett.

www.forbes.com

 

[noirua]

Warren Buffett calls it right with an EV battery - Autobala

Warren Buffett is making a lot of investments right with his patience and prudent buy-and-hold strategy. And it’s becoming clear that he’s doing it again in an electric car. For investors investing in technology, it would be wise to consider how Omaha sages see the future of this sector. Read...

autobala.com

 

[noirua]

 

[noirua]

 

[The Triangle]

I hate investing in a company where a lawyer is at the top as MD, CEO, Chairman. Charlie has to be the exception to the rule.

"thinly traded securities - that were incredibly cheap statistically - with small amounts of money" This is the real advice that people don't ever follow. They see a stock crash and quote the greedy when others fearful and think that's how buffet made money. I personally find that sub ASX300 stocks can deliver amazing returns. Big players can't invest in them because they are just too small to move the needle.

The other quote/advice which I don't think he said in this interview (i only skimmed it) is you're better off buying a great company at a fair price than a bad company at a great price - or something along those lines.

 

[The Triangle]

Warren Buffett is having the last laugh

It's been a tough start to the year for investors in big tech companies. Cathie Wood's ARK Innovation fund, a big owner of Tesla, Zoom and Roku, has plunged nearly 30%. And speculative meme stocks like GameStop and AMC have been crushed.

edition.cnn.com

Interesting little 'oh wait Warren is actually still pretty good' article.

Berkshire winning over the S&P, Dow and nasdaq over a 1 year period. Only losing to the Nasdaq over 2,5,10,20 year periods. Will be interesting to see how things are in 6 months.

 

[Tyre Kicker]

Charlie M quoting Oscar Wilde re Bitcoin…

‘The pursuit of the uneatable by the unspeakable’.

Love it.

 

[noirua]

 

[noirua]

 

[noirua]

 

[noirua]

 

[noirua]

Berkshire Hathaway Dumps Billions Worth Of Stocks (BRK.A) (BRK.B)

Discover Berkshire Hathaway's strong Q3 performance with a 41% growth in operating income.

seekingalpha.com

The decision to reduce share buybacks is surprising, in my opinion, because not only remains the environment for deals lackluster but also Berkshire's cash pile hit a record $157 billion.

But the main takeaway is that Buffett continues to favor investment in U.S. Treasuries over equities.

... as yields are likely to drop over the next 12-24 months on fading inflation and a dovish Fed shift, Treasurys are poised to celebrate a bull market -- likely rewarding investors with equity-like capital gains. Expecting a 150 - 175 basis point drop in yields, I estimate that 10-year Treasurys may gain 11% to 15%, while the 20+ year Treasurys may appreciate by as much as 23% to 30%.