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

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Silas Marner x 2