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Tuesday, November 21, 2023

Wow, Wow, Wow -- BRK Gained Nearly 17% Y/Y -- November 21, 2023

Locator: 46130NVDA.

From CNBC today:

Berkshire owns a vast array of well-established businesses, ranging from its crown-jewel Geico insurance to BNSF Railway to about 6% of Apple.

Shares of the conglomerate have gained nearly 17% this year after hitting an all-time high in September.

Wow, wow, wow, shares of BRK have gained nearly 17% this year after hitting an all-time high in September. Think about that. Seventeen percent in one year. A genius.

Let's look at Nvidia:

Yup, that 17% is pretty impressive. 

It gets tedious.

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The Mother Road

Route 66.

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Headlines

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Angus Bull Sales: it appears the “season” for Angus Bull Sales has begun. Link here.

Politics: more and more, it appears Trump’s candidacy is gaining more and more traction, not less, despite the ongoing court cases accusing Trump of wrongdoing. 

State supreme courts, in state after state, are throwing out cases attempting to keep Trump’s name off state ballots for US president. 
Tonight, it was announced that the last remaining US House seat was won by a Trump supporter in Utah, beating out a “moderate” Democrat. (Was there ever any doubt?) 
Right now, the polls suggest Trump would steamroll into the White House in a race against the incumbent but those are just polls. How the election would actually unfold is a completely different story. There’s at least one wedge issue that might be key in a Biden upset.

Boston Red Linenine slow zones eliminated.

3 comments:

  1. I wonder how many people actually have the majority of their investment portfolio in a single stock like Nvidia, making that kind of return. Lord knows, I don't. I have four positions of almost 10% each; gutsy, probably stupid, but I'm thinking the Munger/Buffet caper is definitely the way to go for most folk. And what do I know? Bupkis!
    Happy Thanksgiving (we've a lot to be thankful for~)

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    Replies
    1. The BRK equity portfolio: 50% in one stock. 90% of the rest of the portfolio is composed of "legacy" holdings since 1950s and 1960s. We're talking about the equity portfolio only. Not the companies they own outright. On top of that, I've never understood their need to hoard cash.

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    2. And I completely disagree that "most folks" should invest like Munger / Buffett. People see physicians for medical care; they take their cars into dealers when cars need maintenance; folks pay lawyers to handle legal work; but when it comes to managing money, these same folks think they can do it themselves without professional help. Munger/Bufffett are not doing what they do without a lot of professional advice and a lot of training / education in their field.

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