Tuesday, August 20, 2024

BRK -- August 20, 2024

Locator: 48472BRK.

In the news, BRK, Warren:

  • BofA: cut his holdings.
  • AAPL: slashed his holdings.
  • SNOW: sold all of his SNOW shares.

Return:

  • BRK:
    • full year: up almost 30%
    • five years: up almost 130%
  • AAPL:
    • full year: up almost 30% (slightly less than BRK)
    • five years: up almost 350%
      • at beginning of 5-year period, shares selling for $50
      • at end of 5-year period, shares shelling for $225
      • so, (225-50)/50 = 3.5 -- amazing how the numbers worked out

From TipRanks this morning: is BRK missing out on AI tailwinds?

  • aside from Apple, until he sold SNOW, his AI-related holdings: BYD, AMZN, and SNOW
    • those three represented less than 0.6% of his invested assets
    • with his invested assets only part of his overall business activities, BYD, AMZN, and SNOW would have been significantly less than even 0.6% of his entire portfolio
    • in big scheme of things, why does a fund like BRK even hold shares in any position that represents less than 5% of the overall value of the "fund"?
  • compare with Norway's sovereign wealth fund: is focused on AI investments

Absolutely fascinating.

  • it would be interesting to see a demographic analysis
  • my hunch:
    • investors over age 65: major position in BRK:
      • follow BRK closely
      • leery of Mag-7; really leery of UBER
    • investors under age 30: major position in UBER
      • don't even bother with BRK
      • heavily invested in Mag-7; love UBER

**********************************
Silas Marner x 2

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