Warren Buffett is the world’s leading stock market investor. He’s managed to beat the market consistently in the last 50 years and his company, Berkshire Hathaway, has a cash surplus of more than $20 billion on hand for acquisitions and investing purposes. With that amount of money, it’s easy to think that Buffett could really do just about anything he wanted to.
However, things aren’t quite that simple. What most people don’t consider is that Buffett has something working against him that you, as a private investor, don’t have to worry about just yet: the size of your portfolio. Continue reading ‘One Thing You Can Do That Warren Buffett Can’t’ »
People are constantly looking to emulate the Oracle of Omaha, whose immense success has catapulted him to the top five richest men in the world. So, obviously, one of the things that is constantly under scrutiny is Warren Buffett’s portfolio. Although there are dozens of different stocks which fairly frequently change, shrewd investors may learn a bit about how the best do business by studying their moves.
At the time of writing, Buffett currently owns stocks in 6 different banks. Those bank stocks make up a monster portion of his portfolio at around 11% of Buffett’s total market cap. It should be noted, of course, that Buffett does have a warrant to purchase share of Bank of America by 2021. However, at the present he doesn’t own any of the bank’s stocks.
Here are six bank stocks you’ll currently find in Buffett’s portfolio: Continue reading ‘Six Bank Stocks in Warren Buffett’s Portfolio’ »
One of Berkshire Hathaway’s largest business sectors is energy. The company owns several different energy companies and provides power to thousands of homes annually throughout the West and Midwest. However, while the corporation has repeatedly urged shareholders to vote against environmental measures brought before the board, it looks like Berkshire Hathaway is making some environmentally-friendly moves on its own.
According to the Omaha World-Herald, one of Berkshire’s several energy subsidiaries, PacifiCorp, has announced a three-year, $3.5 billion plan to shift from coal dependency to renewable energy sources. States effected range from Wyoming to California, and with the move Berkshire reportedly hopes to continue its move to shut down coal plants and replace them with different, renewable energy sources. Continue reading ‘Berkshire Hathaway to Amp Up Renewable Energy Options’ »
Warren Buffett, the Oracle of Omaha, is undoubtedly the world’s greatest investor. And, while there are plenty of resources for learning more about his investing mindset and strategies (including this blog!) for a more in-depth view, a book is the better way to go.
However, if you were to simply type in “Warren Buffett books” to Google, you’d come up with at least two dozen different books claiming to give all of the information on the world’s foremost investor. While you could read all of them, there’s bound to be quite a bit of overlap. So, to try and help narrow things down a bit, here are five books that no Warren Buffett fan should miss: Continue reading ‘5 Best Books on Warren Buffett’ »
One of the many ways that Warren Buffett started making money as a child was with a newspaper route. In fact, Buffett holds a newspaper tossing contest every year at the Berkshire Hathaway annual meeting and he owns several newspapers. However, even Buffett had to admit that the newspaper business isn’t doing so well, and that things aren’t looking up.
This week, Berkshire Hathaway’s largest newspaper division, BH Media Group, has announced that it will be cutting 289 jobs, including eliminating 108 vacant positions. The removed positions are at newspapers all across the country and many relate directly to the printing side of the business. The reason given for the eliminated positions include reduced circulation and loss of advertising revenue in the print portion of the business. Continue reading ‘Berkshire Hathaway’s BH Media Group Cuts Newspaper Jobs Nationwide’ »
United Airlines has been under fire since Sunday when a video of a man being forcibly removed, from an United airplane went viral. The man, a doctor, was selected to give up his spot for United employees who needed a seat to work a future flight. When he refused, security officials physically wrestled the screaming man out of his seat and dragged him down the aisle by his arms. His face was bloodied and he seemed dazed.
The ensuing reactions from the public and the vapid and unapologetic response of Munoz, the United Airlines CEO, have since become a PR nightmare for the airline. As a result of the incident, the stock dropped immediately and its value floundered for several days as United attempted to find a way through the mess. Continue reading ‘Will Buffett Drop United After Passenger Removal Scandal?’ »
Warren Buffett is the world’s leading investor and one of the richest men in the world. So it’s unsurprising that many people are constantly seeking his advice on financial, investment, career, and even personal goals. However, getting through to someone like Warren Buffett can be something of a challenge.
While you can try something simple like calling his office or sending an email, there is no guarantee that you’ll be able to actually get through to the Wizard of Omaha himself. Buffett gets hundreds of correspondences a day, and there are people at Berkshire Hathaway whose job it is to sort through all of the emails, calls, and letters to Buffett. But, once a year, investors have the chance to submit questions to Buffett during the Berkshire Hathaway annual shareholder’s meeting. Continue reading ‘How to Ask Warren Buffett a Question’ »
Any Buffett fan can tell you that Buffett’s favorite beverage is Cherry Coke. In fact, it’s the official drink of the Berkshire Hathaway annual shareholder’s meeting. Buffett himself says that he drinks around five sodas a day and his company is the largest shareholder of Coke, with around 9.3% of its shares belonging to Berkshire Hathaway. And now, it seems like Buffett has become the temporary mascot of Cherry Coke cans in China.
According to Coca-cola, the caricature of the octogenarian billionaire investor will grace cans of Cherry Coke as part of a limited-time promotion to relaunch the product in China. Buffett, a fan of Cherry Coke and something of a rockstar in China, was a natural choice for the promotion. Continue reading ‘Warren Buffett’s Face is on Cherry Coke Cans in China’ »
The Annual Berkshire Hathaway Shareholder’s Meeting has been affectionately referred to as the “Woodstock for Capitalists” and although it started out small, has seen crowds as large as 44,000. At the meeting, shareholders will get to vote on a variety of topics, get hefty discounts at several Berkshire companies, and most importantly, attend a Q&A session with Warren Buffett and Charlie Munger themselves. Normally in order to attend, you have to own at least one share of Berkshire Hathaway stock. Both Class A and Class B shareholders are eligible.
However, last year the company set a precedent in live streaming the event. It was a huge success and the stream drew in a huge Internet audience of around 17 million people. This year, Yahoo and Berkshire Hathaway have announced that they once again be live streaming the meeting. Continue reading ‘How to Stream the 2017 Berkshire Hathaway Shareholder Meeting’ »
Warren Buffett, the Oracle of Omaha, is renowned for his clever stock picks and his investing prowess. He’s beaten the market more often than not, but even so he does have some quirks. One of Buffett’s most renowned quirks is his general aversion to technology-related stocks, which he has admitted he doesn’t actually understand.
In fact, if you look at Berkshire Hathaway’s portfolio and list of companies, you’ll see that despite the vast number of companies Berkshire is involved with, most of them fall within only a few categories. Buffett often refers to this as his ‘Circle of Competence.’ Continue reading ‘3 Tech Stocks Buffett Likes’ »