Berkshire’s annual meeting

Discussion in 'Investor Psychology & Mindset' started by turk, 6th May, 2018.

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  1. turk

    turk Well-Known Member

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    HomePage, jimmy and Big Daddy like this.
  2. Redwing

    Redwing Well-Known Member

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    Buffett's Berkshire Hathaway, hit by accounting change, reports net loss of $1.1 billion

    Billionaire Warren Buffett's warning that a new accounting change would cause "truly wild swings" in his company's quarterly earnings is now a reality.

    Berkshire Hathaway reported a rare net loss of $1.1 billion in the first quarter, but the decline was due largely to a new rule that requires it to report unrealized gains or losses in stock investments as net income. Berkshire reported a $6.3 billion loss in investment income in the first three months of the year.

    The swing to a loss – Berkshire's first quarterly loss since 2009, according to Bloomberg – wasn't entirely unexpected.

    In his annual letter to shareholders in February, Buffett warned that the new reporting rule would produce some "truly wild and capricious swings." He also noted that "gyrations of that magnitude will swamp the truly important numbers that describe our performance."

    In a statement accompanying today's earnings report, Buffett, the firm's chairman and CEO, urged investors to focus on Berkshire's operating businesses and not earnings results based on fluctuations in its nearly $173 billion stock portfolio. He says the stock portfolio can see fluctuations of up to $10 billion in any given quarter.
     
  3. oracle

    oracle Well-Known Member

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    • Berkshire Hathaway's large Apple stock holding will pay big dividends for the company.
    • On Tuesday the smartphone maker announced a quarterly dividend increase of 16 percent, to 73 cents a share.
    • Berkshire Hathaway's latest Apple position size will generate $701.7 million per year in dividend payments for the company.
    • Apple "is an unbelievable company," Buffett said in a "Squawk Box" interview that aired Friday. "If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States."
    • Warren Buffett tells CNBC he likes Apple stock so much he would love to own all of it.
    • Buffett also supported Apple's plan to buy back more of its own shares. On Tuesday, the smartphone maker announced a new $100 billion stock buyback program.
    • Buffett's Berkshire currently holds "a little over" $100 billion in cash after investing $13 billion to $15 billion in stocks back in the first quarter.
    • If a $100 billion deal came along that [Vice Chairman Charlie Munger] and I really liked, we'd get it done," Buffett, Berkshire's chairman and CEO, said on CNBC's "Squawk Box" from Omaha
    You can find more details on above on CNBC

    Cheers,
    Oracle.
     
  4. Redwing

    Redwing Well-Known Member

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  5. Redwing

    Redwing Well-Known Member

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    David Rolfe still talking about it

     

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