Sunday, November 16, 2025

Warren Buffett Vs Nancy Pelosi -- November 16, 2025

Locator: 49722INVESTING.

See this note, also. 

All rhetorical questions.  

Not all of this may be accurate.  These days it doesn't have to be. It's all about memes and perception. For headline writers.

Nancy Pelosi.

Warren Buffet.

Who's portfolio did you prefer? Who's investment style do you prefer? If you inherited a million dollars today, would you keep 30% in cash and put 30% in KO and a second tier oil company?

Link here. Mostly old-school, legacy holdings -- KO, two oil companies (only one favored by investors), two financial institutions, one tech company (a new position). Diversified, yes, but bad example of diversification. He's like many old school, mom-and-pop investors -- their big holdings with huge dividends have been held too long to make it difficult to sell. So they hold. And hold. And hold. And get addicted to cash and averse to risk. This is a portfolio with a five-year horizon. This is a portfolio run by someone who wants to give his personal wealth away before he dies. He is 95 years old.

Link here. Nancy is new school; portfolio subject to a bubble, little diversity, huge risk. This is a portfolio with a 30-year horizon held by someone with no plans to give it away. Ms Pelosi is only 85 years old so she can afford to take risks. 


 Nancy's Pelosi's return after 38 years: 17,000%.

Since 1996, BRK-B's return: 2,002%.

CSCO: 

KO:


WMT:

Most recent BRK portfolio, link here, graphic below does not include the ten smallest holdings:

Fourteen: each of the fourteen, at least 1% of the portfolio.

Five: each of the five, at least 5% of the portfolio.

One: 10% of the portfolio,  Bank of America.

One 19% of the portfolio, American Express.

One: 23% of the portfolio, Apple, Inc. At one time, significantly more.

BRK's:

  • market value of equities in the portfolio: $300 billion
  • total market value of BRK (difference is wholly owned subsidiaries, like GEICO, BNSF): $1 trillion
  • folks are fixated on BRK's equity portfolio which is about a third of the total market value of BRK, and that does not include about $380 billion in cash. 

All of this needs to be fact-checked. 

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Brazil, COP30 -- The US Sent No Delegation -- Junior Senator From Rhode Island Is Attending -- November 16, 2025

Locator: 49721GLOBALWARMING.

Tag: Terry Eagleton climate global warming

One of those who consistently voted against paying US military and air traffic controllers during government shutdown, the Honorable Sheldon Whitehouse, is attending COP30, Brazil.

Link here. 

It is impossible to find sources for his travel expenses.

The White House says no "taxpayer dollars" were used to cover Whitehouse's expenses.

************************
The Literature Page

Link here. 

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There Was Something Not Noted By Those Who Reported BRK's / Warren Buffett's Most Recent Purchase of GOOG -- November 16, 2025

Locator: 49729BRK.

Tag: BRK, Warren Buffett, AAPL, Apple, GOOG, Google, Alphabet 

See the original posting. Link here. In a sense, it was reported correctly but no one seems to have noted a bigger story here. I'll post that at the link later today.

This is indirectly related to what I will post later today:

And despite that healthy increase in cash-on-hand shares of BRK-B continued to fall, including falling another 1% (rounded) on Friday, two days ago. This was after the most recent "Form 13F" was released. 

Okay, this is what I noted that I had not seen explicitly pointed out by mainstream analysts: BRK / Warren Buffett did not use new money to start a position in GOOG. BRK / Warren Buffett simply sold some AAPL (and perhaps other) shares and used that case start a position in GOOG. This is truly amazing. Keeping even more money in cash and not increasing his overall equity stake. 

Right now, investors are overwhelmingly FEARFUL. Warren Buffett has always been said to buy when others are FEARFUL; sell when others are GREEDY. Apparently not now. 

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Random Note On The Ford F-150 Lightning -- November 16, 2025

Locator: 49728EVS.

For the archives. There is a huge misreading / misinterpretation of the data by the author.

Link here. 

Hint: I've walked across the street to check out the newest Tesla out of curiosity. But I was, in no way interested / interested in buying a Tesla.

In the old days, people would flock to grotesque "features" at circuses, but that doesn't mean they were were "interested" in them as something they would want to adopt, marry, or bring home to the kids.

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Random Update -- Atmospheric CO2 -- November 16, 2025

Locator: 49727CO2.

I quit following atmospheric CO2 some years ago, but every so often I check back in to see what's going on.

This is the site I always use: Earth CO2. 

The site seems to be a bit sketchier than usual. At the top, this banner:

Why they leave up "February CO2" is beyond me but that hasn't changed ... well, since February, 2024. 

December Temperature? What's that all about? Obviously that's December, 2024 -- almost a year ago. This is the reason they go back to 1880 - 1920:

Considering all the coal that China is burning, I just can't get too excited about these numbers. In fact, if we're talking only 1.55°C since 1900, an increase of 1.55°C over 125 years isn't all that remarkable. Also, it appears that the number for February, 2025, was 427.09 compared with a most recent reading of 428.29 for November, 2025. I doubt that is statistically significant nor repeatable (if they were to test again). 

All in all, this is really a pretty amateurish website considering the billions of dollars the sponsors are demanding from western nations

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Wells Coming Off Confidential List This Next Week -- November 16, 2025

Locator: 49726B.

It should be noted: we remain in Bakken 5.5. Link here. That was established in 2022. The Bakken will remain productive through 2100 though by 2050 it may start to decline significantly in daily production of crude oil. As crude oil production decreases, natural gas production generally increases.

  • the Bakken has reached maturity;
  • horizontals are now longer; some approaching four miles;
  • operators are moving to Tier 2 and Tier 3 locations. 

The wells:

  • 41817, conf, CLR, Stoltenberg 3-4H, Corinth, 
DateOil RunsMCF Sold
9-2025168694513
  • 41491, conf, CLR, Garfield Federal 3-5H, Banks, npd,
  • 40825, conf, CLR, Bjarne 5-29H, Patent Gate, npd, 
  • 41125, conf, Devon Energy, Bratcher 10-3 XW 1H, Ragged Butte, 
DateOil RunsMCF Sold
9-20251059716041
8-20252855045091
7-20252918737397
6-20253223926279
5-202582339876
  • 40822, conf, CLR, Bjarne 4-29H, Patent Gate, npd,
  • 36698, conf, BR, Sanmuri 4B-UTFH-ULW, Elidah, npd,
  • 41797, conf, CLR, Wallace 7-11HSL, West Capa, npd,
  • 41196, conf, Enerplus, Appaloosa 149-93-29B-32H, Mandaree,
DateOil RunsMCF Sold
9-20252236522395
8-20252649423220
7-20252419521344
6-20252784623076
5-202598238525
  • 41796, conf, CLR, Star Federal 7-14H, West Capa, npd, 
  • 41795, conf, CLR, Wallace 6-11H, West Capa, npd, 
  • 41274, conf, Enerplus, Oryx 149-93-29B-32H-LL, Mandaree, 
DateOil RunsMCF Sold
9-20251773120210
8-20252267424347
7-20252817227286
6-20252823025447
5-2025010817
  • 41198, conf, Enerplus, Shire 149-93-29A-32H, Mandaree,
DateOil RunsMCF Sold
9-20251381616659
8-20251631817901
7-20251972319425
6-20251756015011
5-202502873
  • 41197, conf, Enerplus, Lipizan 149-93-29B-32H, Mandaree, 
DateOil RunsMCF Sold
9-20251968917929
8-20252726325272
7-20252625121790
6-20252741721075
5-2025107769454
  • 41060, conf, Enerplus, Percheron 149-93-29A-32H, Mandaree, 
DateOil RunsMCF Sold
9-20251919218124
8-20252218418309
7-20252514521293
6-20252716121123
5-202577496640

  • 41794, conf, CLR, Star Federal 6-14H, West Capa, npd, 
  • 41258, conf, Marlo Operating, TOSCO Branch 2, first permit for this company in North Dakota; currently with four permits, all wildcats: #41258, #41700, #41282, #41701; NENE 19-129-103; and SWNE 13-129-104; ten miles west of US-85, seventeen miles south of the Bowman, ND; 4 miles north of the South Dakota state line and 21 miles east of Montana state line; in other words, far southwest corner of North Dakota, where they target the Red River B formation, pretty much "owned" by CLR; Medicine Pole Hills. Wildcat, npd, See this link.
  • 40872, conf, Enerplus, Fischer 145-96,29-20-2H, Jim Creek, 
DateOil RunsMCF Sold
9-20251523812860
8-20251991515634
7-20251378710476
6-20252696719402
5-2025010888

  • 41793, conf, CLR, Wallace 5-11H, West Capa, npd, 
  • 41150, conf, Devon Energy, L And E 9-4 5H, Ragged Butte,
DateOil RunsMCF Sold
9-20251169621797
8-20253029039694
7-20252877030439
6-20253011628341
5-20253431741460
  • 41088, conf, Hess, BB-Federal B-LS-151-95-2122H-1, Blue Buttes, 
DateOil RunsMCF Sold
9-20251531547451
8-20251858146973
7-20251241822968
6-20251128932701
5-2025676614404
  • 40928, conf, Enerplus, Fischer 145-96-29-20-5H, Jim Creek, 
DateOil RunsMCF Sold
9-20251460112141
8-20251776513816
7-20251812612825
6-20252311316815
5-202508474
  • 40927, conf, Enerplus, Fischer 145-96-29-20-4H, Jim Creek, 
DateOil RunsMCF Sold
9-20251481813006
8-20251890415333
7-2025129069262
6-20251408410501
5-202501605
  • 40926, conf, Enerplus, Fischer 145-96-29-20-3H, Jim Creek, 
DateOil RunsMCF Sold
9-20251437612555
8-20252158316640
7-20252512818669
6-20252287616155
5-202506280
  • 40559, conf, Hess, GO-Vinger-156-98-2116H-6, Wheelock, 
DateOil RunsMCF Sold
9-20251706234834
8-20252087839067
7-20252008632017
6-20253301759609
5-20251362122554

  • 41391, conf, Petro-Hunt, Jensen 158-94-28D-21-1HS, East Tioga, 
DateOil RunsMCF Sold
9-202511451517
  • 40929, conf, Enerplus, Fischer 145-96-29-20-6H, Jim Creek, 
DateOil RunsMCF Sold
9-20251505613656
8-20251773314535
7-20252048915005
6-20251472110819
5-2025011943
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