Australian (ASX) Stock Market Forum

What would Buffett buy in Australia?

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During the war it was a common thing for the spivs to sell to the yanks shares in the Sydney harbour bridge. I wonderrrrrrrr?
 
Firstly Buffett does not invest much overseas however this is changing.
At the right price, he would buy virtually anything and wouldn't we all. I'd buy even the most ramshackle house if I could get it for $5.

So once the price is right...
He's interested in companies with monopolies ie ASX is a perfect example. But maybe not at its current price.
 
tech/a said:
Just buy the whole country.

He'd probably run it better.
Perhaps a joint venture with Gates/Packer/Murdoch and Branson.
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Only trouble is Murdoch would have us all dumbed down to the point we can't actually use any of Gates' software...
 
value investor said:
He would buy nothing.
Otherwise he would have bought something.
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Berkshire only just purchased their first non-US company just last year(some israeli co.), and they said they would continue to look for overseas companies in the future.

If Warren Buffet was to buy something in Australia, it could be a LPT which is where he puts his personal wealth in the US sometimes(called REITs there).

But Berkshire Hathaway may want to buy the AUD, they have an incredible amount of cash(I presume it's in USD)
 
If Buffett was to buy an ASX share in a company, it would be Toll. No doubt about it.

They are a price maker. He'd like that.
 
Maybe QBE.

I do agree that the WA gov would be a bargain at the moment. Only costs a lunch here and there to get a mining lease approved...
 
Hi guys, first post, guess by my name you can tell I am interested in this thread!

Good thread, I have been thinking the same for the last while.

I believe he would invest in such companies as Woolworths and Harvey Norman. Even looking at companies such as Brambles.
 
Re: Hmm what would Buffett buy in Australia??

dhukka said:
Take a look at Clime Assset Management (CAM). The Managing Director Roger Montgomery is about as close to Warren Buffet in investment philosophy as you'll get. I think two of their biggest holdings right now are CCP and TRS which have done very well of late.
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How about TRS, absolutely incredible performance since it has been listed!!!!!!

As for CAM, definately a good option, very close method of investment to Buffett himself, and has done quiet well also. What I dont get, is why its P/E ratio is below 8 at the moment? Incredibly low?????

MMA is another company of which follows Buffetts principles.
 
Not an Australian stock, but one of the UK "Buffett Model" mutual funds has just taken a 2% position in Exxon-Mobil (XOM)

Technically, it looks like doggie-doodie. Any Buffettologists care to comment on XOM?
 
Probably WOW at the moment, maybe insurance ....

I'd say he's been buying a few things over the past few weeks.


A quote of his made on CNBC a few weeks ago:

"You know, five years from now, ten years from now, we'll look back on this period and we'll see that you could have made some extraordinary (stock market) buys. That doesn't mean it won't get more extraordinary a week or a month from now. I have no idea what the stock market is going to do next month or six months from now. I do know that the American economy, over a period of time, will do very well, and people who own a piece of it will do well."
 
kennas said:
Probably WOW at the moment, maybe insurance
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I really doubt insurance - the insurance cycle will be soft across all types of cover for a while, yet there is a good argument for upward pressure on reinsurance premiums as the availability of funds is tight. Investment returns on premiums will also be on the decline as interest rates fall around the world stock markets continue to suck and dividends fall.
 

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