Happy 85th Birthday, Warren Buffett!
Today is Warren Buffett’s 85th birthday. It is also the 5th anniversary of the launching of this blog on August 30, 2010, on the occasion of Warren Buffett’s 80th birthday. I hope the 170...
Monthly Archive: August 2015
Berkshire Hathaway Discloses $4.5 Billion Stake in Phillips 66
In an SEC Form 4 filing after the market closed on Friday, August 28, 2015, Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) disclosed a $4.5 billion stake in Phillips 66 (NYSE:PSX). Berkshire now holds 58 million shares of...
My Commentary on Stock Market – August 24, 2015
MARKET JITTERS? STAY THE COURSE Aug 24, 2015 World Class Faculty & Research Comments SMITH BRAIN TRUST — This week’s market selloff has made a lot of people itchy to trade stocks. They want...
The Berkshire Hathaway Effect: Market Response to Berkshire’s Major Portfolio Change
After the market closed on August 14, 2015, Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) reported its equity holdings of U.S. based companies in its SEC 13F filing for the quarter ending June 30, 2015. This report...
Berkshire Hathaway Adds $450 Million to Stake in Charter Communications in Second Quarter of 2015
In an SEC 13F filing after the market closed on August 14, Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) revealed several changes to its portfolio during the quarter ending on June 30, 2015. The largest changes were:...
Berkshire Hathaway To Buy Precision Castparts For $34.2 Billion, Its Largest Acquisition
Berkshire Hathaway will acquire Precision Castparts (PCP) for $235 per share in cash, or a 21% premium over Friday’s closing price of $193.88. The transaction is valued at $34.2 billion ($37.2 billion including debt)...
Berkshire Hathaway To Buy Precision Castparts for $30 – $35 Billion
Berkshire Hathaway is close to announcing a $30 – $35 billion acquisition of Precision Castparts, its largest acquisition ever. I am quoted in an Omaha World-Herald article on this topic: A 30 percent premium...
Berkshire Hathaway’s Profit Declines in Second Quarter
After the market closed on August 7, Berkshire Hathaway reported a 37% decline in net earnings for the second quarter of 2015. Operating earnings, which exclude investment results, declined by 10% because of higher...
