Category: Warren Buffett
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$157B Cash Pile
Despite holding back during the pandemic, Berkshire Hathaway has started returning to the market with key transactions, such as Occidental Petroleum and Alleghany insurance. However, the cash pile has been showing up in short-term or short-dated securities, and the company has also continued to put more money into buybacks, resulting in a large share repurchase…
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A Serious Message From Buffett
Warren Buffett’s recent decisions to sell stocks (33B in last 3 quarters) and increase cash reserves ( to$147B), combined with Michael Burry’s options bet against the market, suggest concerns about a possible recession in the US economy. Factors such as persistent inflation, high gas prices, global instability, the AI boom, troubles in commercial real estate,…
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Warren Buffett Doesn’t Care and Neither Should You…
As noted yesterday….the ratings agencies are full of it. https://www.cnbc.com/2023/08/03/warren-buffett-says-hes-not-worried-about-fitchs-us-downgrade.html
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Berkshire buys…
https://www.businesswire.com/news/home/20230710023048/en/Berkshire-Hathaway-Energy-Announces-Purchase-of-Additional-Stake-in-Cove-Point-LNG?s=03 Berkshire Hathaway first bought a stake in Dominion’s gas pipeline and storage assets for $4 billion in 2020 and just announced 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash. BRK.A now owns a 75% limited partnership stake in Cove Point LNG located in Lusby, Maryland. Subject to…