BRK-B Berkshire Hathaway Inc.

Valuation

Big Five 3/9 tests ≥10%

Discussed on InvestED 8 episodes

• 264 · Berkshire Hathaway Meeting Recap and Implications
  Phil and Danielle read between the lines of the first online Berkshire meeting (Buffett with Greg Abel, no Munger): no purchases, a "Fort Knox" cash pile, no buybacks, and a lesson about the difference between Berkshire's obligations and a private investor's.
• 316 · Berkshire Hathaway Meeting Highlights and Implications Part 2
  The second pass over the 2021 Berkshire meeting covers owning Chevron and the ESG proposal (with a real disagreement between Phil and Danielle), the "casino" market, a fresh way to think about buybacks versus dividends, and Buffett's reminder that every business has a life cycle.
• 101 · Warren Buffett's Shareholder Letter & Berkshire Hathaway Stock Analysis
  Phil and Danielle work through Buffett's 2016 letter: why he tells most people to buy a low-cost index, why Phil still sits in cash at a high market, and how Buffett's own buyback rule (120% of book value) gives a clue to when Berkshire is cheap.
• 464 · Not-So-Secret Weapon
  The last part of the 2023 Berkshire letter says Buffett's real weapon is a huge cash cushion that costs him returns today, and that the hardest skill is to hold great businesses through the swings, as his sister Bertie did.
• 099 · Charlie Munger's Investing Points at Daily Journal Annual Meeting
  Phil and Danielle play and unpack four Munger answers from the 2017 Daily Journal meeting: keep learning and change your mind, keep getting back up after mistakes, index funds can't work perfectly forever, and diversification is for people who don't know what they are doing.
• 212 · Berkshire Annual Meeting 2019 Recap (Part 1)
  Recorded in Omaha, Phil and Danielle describe the Berkshire weekend, correct the "Buffett buys Amazon" headlines, explain "old Buffett" versus "new Buffett", and give their reading of why Berkshire holds so much cash and isn't buying back more stock. The readings of Buffett's reasons are their own i
• 112 · Berkshire Hathaway Shareholder Meeting & Apple Stock
  Phil and Danielle go through the 2017 Berkshire meeting (Phil watched the live stream): why book value understates Berkshire, why Buffett won't promise to buy the stock at a set price, how he now sees Apple and IBM, what he and Munger missed in Amazon and Google, and a CEO-polling trick for sizing u
• 214 · Berkshire Annual Meeting 2019 Recap (Part 2)
  Phil and Danielle go through more of what they heard in Omaha: why starting a fund is hard when clients judge you monthly, Berkshire's "we pick people" answer on core competence, Buffett and Munger on ESG reports and weak boards, and the value of long partnerships.