Warren Buffett’s Money

[MoKelly]

So, everyone has heard of Warren Buffett. The Oracle of Omaha.

He released information today on the investments he has in Berkshire and it’s kind of surprising.

70% of Berkshire’s portfolio is made up of only 4 companies:

- Apple worth $135 billion

- Bank Of America worth $42 billion

- AMEX worth $24 billion

- Coke worth $23 billion

Those are the 4 companies he is banking on to drive Berkshire’s stock price higher in the future.

MoKelly

 

[bmaverick]

Really BoA ??? I've dealt with them and had problems with them. Others with mortgage problems with them too. So bad, people left them. Otherwise, the other 3 look solid for now.

 

[Jstpssng]

Really BoA ??? I've dealt with them and had problems with them. Others with mortgage problems with them too. So bad, people left them. Otherwise, the other 3 look solid for now.

He's looking at the other end of the spectrum. Those PITA banking practices are what makes him money.

 

[Doughknob]

Here here. BoA is bad! I, too, have dealt with them and had a bad experience. I had a business account with them to allow me to take customer's credit cards. In the end it was my fault what happened, but they had no/0 sympathy and let me screw myself out of a bunch of money to them.

So, yeah, if they can keep up such practices and still keep customers and clients they will make a lot of money!

As for buffet's only 4 main holdings, that is what i do also - few companies i like. But i have 5!

 

[MoKelly]

Well, I guess this is why Buffett is a billionaire.

Not bad for a one year return.

MoKelly

 

[Mat4644]

Berkshire Hathaway's glory days are over. Warren's trades looks like everyone elses.

 

[RickB]

Well, I guess this is why Buffett is a billionaire.

View attachment 711014

Not bad for a one year return.

MoKelly

As with any investment, a 1year chart is irrelevant to investor returns unless the investment was made exactly 12 months ago. It isn't hard to pick a start date that makes BoA look like a loser.

 

[polo1665]

Funny, Berkshire Hathaway bought Precision Castparts for 37 Billion in 2016. Wonder why this company didn't show up in the top 70%

 

[MoKelly]

As with any investment, a 1year chart is irrelevant to investor returns unless the investment was made exactly 12 months ago. It isn't hard to pick a start date that makes BoA look like a loser.

Here is 10 years. It’s even better.

 

[Frankenkubota]

Really BoA ??? I've dealt with them and had problems with them. Others with mortgage problems with them too. So bad, people left them. Otherwise, the other 3 look solid for now.

i remember the crash in 2008.....ouch...

BOA was $2.00 a share and the president of BOA bought 1 million shares.