Following up on this thread, I'm quietly happy checking BRKB (almost all of my 401k as of about last friday) and comparing this week to the DJI. So far, the return this week is about enough to get 2 more days of income for life
It's quite a shock to watch your favorite stock close near $3500/share one trading day and open near $70/share the next.Following up on this thread, I'm quietly happy checking BRKB (almost all of my 401k as of about last friday) and comparing this week to the DJI. So far, the return this week is about enough to get 2 more days of income for life
It's quite a shock to watch your favorite stock close near $3500/share one trading day and open near $70/share the next.
Anyone planning to write covered calls on this exciting new high-volume trading market?
That sounds so much better than "$86.67-$93.33"...... I think Tilson valuation of 130-140K is probably right.
Yeah, you know that song, "Cheeseburger in Omaha"...Just to show you where my head is, I thought this was about Jimmy Buffet for about 10 seconds.
anyone else here buying brk-b shares?
i plan to buy more on monday...
I one point I decide that really rich was having a 1,000 share of Berkshire stock. Now that I have it , I don't feel all that rich.. .
But, I still think it is decent investment.
n the Berkshire Motley Fool board, I think more people are excited about seeing Berkshire added to the S&P 500 than the purchase of BNI.
Rest of the article hereStandard & Poor's decision to add Berkshire Hathaway to the S&P 100 and S&P 500 benefits a lot of people and groups connected to the Omaha-based conglomerate.
Berkshire investors benefit from the buying demand coming from index funds that must add Warren Buffett's firm to their holdings after the Burlington Northern Santa Fe Corp. deal closes and Berkshire joins the flagship S&P 500. That realization may be the reason behind Berkshire stock's roughly 9 percent surge since S&P made its announcement Tuesday. The B shares closed today around $74.
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But one final beneficiary of the S&P decision has received less ink, bits and air time. That's The Bill & Melinda Gates Foundation.
As this GuruFocus data show, Berkshire represented about 53.4 percent of the Gates Foundation's more than $10 billion portfolio as of Sept. 30. A sharp rise in Berkshire's stock price obviously benefits the foundation in funding its charitable endeavors.
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Buffett plans to keep donating his Berkshire stock to the Gates Foundation every year, with the number of shares donated falling 5 percent each year. The Gates Foundation is likely to be a daily seller of Berkshire stock for years to come.
The index investors provide a constant stream of buyers. Because those investors buy big quantities, the Gates Foundation may be able to increase the pace of its selling without hurting the stock price, and perhaps at times sell in bulk. That makes life easier for the foundation that bears the name of Buffett's bridge pal and fellow Berkshire board member.
Think Buffett didn't see this a mile in advance? Don't bet on it.
Whitney Tilson has long been bullish on Berkshire and is talking even more of his book than usual, but here's an interesting analysis of why Berkshire is at least 20% undervalued.
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Berkshire Hathaway Inc., Warren Buffett's investment holding company, is selling an $8 billion offering of senior secured notes to help finance its takeover of Burlington Northern Santa Fe Corp.
The issue will include $2 billion of one-year floating-rate notes, launched at a spread flat to 0.03 percentage point above the three-month London interbank offered rate; $1.1 billion of two-year floating-rate notes, launched at a spread of 0.18 percentage point above Libor; $600 million of two-year fixed-rate notes, launched at 0.65 percentage point above Treasurys; $1.2 billion of three-year floating-rate notes, launched at 0.45 percentage point above Libor; $1.4 billion of three-year fixed-rate notes, launched at 0.85 percentage point above Treasurys; and $1.7 billion of five-year fixed-rate notes, launched at 0.95 percentage point above Treasurys.