Wednesday, February 17, 2021

Warren Buffett

Locator: 10010BUFFFETT.

Links

Portfolio watch: link here

A timeline: link here.

Updates

April 4, 2024: closing the loop on Warren Buffett.

December 13, 2023: can't sell his HP position fast enough. Quietly began selling in early 2023; now pretty much completely out of that HP position.

March 4, 2023: UNP vs BNSF.

March 4, 2023: a buffet of links.

March 2, 2023: Berkshire Hathaway's cash horde.

February 28, 2023: annual letter a disappointment.

February 27, 2023: New England Asset Management.

February 25, 2023: 2022 results.

February 15, 2023: Apple and Buffett.

February 14, 2023: oil and Buffett.

February 14, 2023: TSM and Buffett (later sold it). Includes his equity portfolio

January 13, 2023: Buffett is full of crap.

January 8, 2023: buybacks.

August 15, 2022: 2Q22, update here.

May 2, 2022: 1Q22 update here.

May 1, 2022: Buffett -- CVX.

March 17, 2022: Buffett taking huge position in oil, notably CVX and OXY. 

March 13, 2022: Buffett is "in the money." An OXY update.

January 22, 2022: I remember a year ago, all the grief Warren Buffett received because he was not buying technology .... or cryptocurrency.

March 11, 2021: idle thoughts.

March 1, 2021: Scorecard. I was right the first time. One of the worst graphics ever for those still arguing that BRK is a great investment.

  • BRK has been "awful" for the past ten years, if not longer;
  • AAPL saved "Berkshire Hathaway"

February 28, 2021: I was wrong.

February 27, 2021: impressed. Not impressed

February 17, 2021: more on Buffett initiating a position in Chevron.

August 16, 2016: Buffett, BNSF, apple, the iCloud, and all that jazz.

Original Post
February 17, 2021

Warren Buffett: there are only a few things that fascinate me right now, e.g. Apple, semiconductors, Amazon. The list changes from time to time, but a pretty comprehensive list is over at the "Investors" page, tabbed at the top of the blog.

I'll have to add Warren Buffett to that list. That was a huge oversight. I don't have time or the interest to read his SEC filings so I am at the mercy of the media reports. Some thoughts:

  • timing?
    •  his "13F filings" are purposely delayed, so by the time we see them, things have changed
    • we don't know exactly when he bought something; and we certainly don't know when he started looking;
    • he could have been following CVX and/or VZ for years before finally "pulling the trigger"
  • what was he thinking?
    • why did he choose VZ and not T-Mobile or ATT?
    • why did he choose CVX from among the seven major international integrated oils? That will be an interesting question to explore.
  • value vs growth?
    • wow, this is a story in itself; I think if one were to ask, most would consider Buffett a value investor; not a growth investor and not a trader;
    • did anyone note that both VZ and CVX pay hefty dividends? almost 5% for VZ; and, almost 6% for CVX (and perhaps more, depending when he actually bought them)
    • back in October, CVX was trading at $66; today, it is trading above $90; the dividend has remained the same; you can do the math ($5.16 / $66 = 7.8%)
    • VZ has been in a very narrow trading range for the past six months
  • why would he "sell" AAPL? 
    • I think he would have trimmed his holdings regardless, but had AAPL paid a few special dividends along the way or raised its quarterly dividend, Buffett might have stuck around; but indications are Tim Cook as other ideas;
    • expensive foray into EVs; Buffett likes wide moats; it is obvious there are no moats at all when it comes to EVs;
  • connecting the dots:
    • did you all know that Verizon owns Yahoo!Finance? Actually, Verizon owns all of Yahoo!
    • is Google under scrutiny around the world? Does Apple have an interesting relationship with Google? Is there a special relationship between Warren Buffett and Tim Cook? This is not rocket science; one can connect the dots; I'm not suggesting anything will happen, just suggesting things that could happen.
  • gold?
    • what was that all about?

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