Tag: Berkshire Hathaway

The Secrets to Legendary Investor Charlie Munger’s Success
World

The Secrets to Legendary Investor Charlie Munger’s Success

Business and financial leaders made frequent pilgrimages to Los Angeles to hear Charlie Munger’s thoughts as he held court while peering through thick eyeglasses over high, rosy cheekbones.Among the attendees at his weekly “Friday lunch club” and periodic dinners were John and Patrick Collison, founders of the online payment firm Stripe; Bobby Kotick, chief executive of videogame company Activision Blizzard; Pradeep Khosla, chancellor of the University of California, San Diego; Maria Pope, chief executive of Portland General Electric, Oregon’s largest utility; and Howard Marks, co-founder of investment firm Oaktree Capital Management.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Warren Buffett Is Going Big, Not Home, in Japan
Money

Warren Buffett Is Going Big, Not Home, in Japan

Japanese stocks are hovering around 33-year highs. Foreign inflows lured by better earnings and corporate governance reform have been a key driver.Breadcrumbs dropped by the oracle of Omaha are another. Warren Buffett, whose Berkshire Hathaway moved aggressively into Japanese shares in recent years, may be about to push further into the market.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G
Money

Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G

Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter.The company also sold off smaller positions in Procter & Gamble, Mondelez International and United Parcel Service, while trimming its investments in Amazon.com, Chevron and HP, among others.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Warren Buffett’s Berkshire Hathaway Sits on Record $157 Billion Cash Pile
World

Warren Buffett’s Berkshire Hathaway Sits on Record $157 Billion Cash Pile

Updated Nov. 4, 2023 9:51 am ETWarren Buffett’s Berkshire Hathaway ended the third quarter with a record cash pile and reported a deeper net loss due to the sputtering stock market rally.The famed investor’s Omaha, Neb., company wrapped up the third quarter with a record $157.2 billion in cash and equivalents, up from $147.4 billion at the end of the second quarter and eclipsing the previous record of $149.2 billion that was set two years ago. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Warren Buffett’s Berkshire Hathaway Sits on Record $157 Billion Cash Pile
Money

Warren Buffett’s Berkshire Hathaway Sits on Record $157 Billion Cash Pile

Updated Nov. 4, 2023 9:51 am ETWarren Buffett’s Berkshire Hathaway ended the third quarter with a record cash pile and reported a deeper net loss due to the sputtering stock market rally.The famed investor’s Omaha, Neb., company wrapped up the third quarter with a record $157.2 billion in cash and equivalents, up from $147.4 billion at the end of the second quarter and eclipsing the previous record of $149.2 billion that was set two years ago. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Warren Buffett bets on oil! Berkshire Hathaway joins oil-buying frenzy this week with Occidental Petroleum buys
Business

Warren Buffett bets on oil! Berkshire Hathaway joins oil-buying frenzy this week with Occidental Petroleum buys

Investor Warren Buffett has now joined the recent oil-buying spree with his Berkshire Hathaway resuming its purchases of Occidental Petroleum stock after a four-month hiatus. According to Associated Press, the company in a Securities and Exchange Commission filing revealed that it has invested over $246 million this week to add to its already significant stake in Occidental. With this latest purchase, Berkshire now controls nearly 26% of the Houston-based oil producer, owning more than 228 million shares.Buffett has been consistently buying Occidental stock since last year whenever its price fell below $60.However, this week, he was willing to pay over $63 per share for some of the new shares, the report said.These Berkshire purchases coincided with Chevron's announcement of its $53 billi...