Reading Time: 3 minutes 油管：my Youtube 2022 video for BRK HQ video below (narration mostly in Chinese) Charlie Munger We know Charlie Munger (Wiki) passed away recently, and he was the vice chairman of Berkshire Hathaway: he had some influence on Warren Buffet’s investments over the years, including See’s Candy, Coca Cola and so on. Here is the free
Reading Time: 5 minutes I went to Omaha last weekend, left STL on April 29 Friday, attended meeting on April 30 Saturday, and left Omaha back to STL on May 1st Sunday. The full comment and Q&A session (including the actual shareholder meeting) is broadcasted by CNBC and available at YouTube. Note when I drove to Omaha on Friday
Reading Time: < 1 minute (Source: lsnhs.leesummit.k12.mo.us) I can think of a few reasons: 1) He sees value in BNSF; 2) He want to use some cash so that his successor won’t have too much cash to squander (this is legit considering his age, and a lot of times people make mistake when they are rich); 3) Last but most
Reading Time: 1 minute link to 2009 PDF annual shareholder letter here. Buffett CNBC interview (part 1 here, following the link from part 1 to get to part 2 to 8 ) Recommend reading by Buffett Keynes’s *General Theory*, chapter 12 Intelligent Investor Chapter 8 and 20 My Notes
Reading Time: < 1 minute Mr. Peterson has background both in government and private sector: he has been commerce secretary and is co-founder and senior chairman of Blackstone (the private equity group). Very wise guy in my mind. Charlie Rose interview July 3, 2009 (link)
Reading Time: < 1 minute Warren was asked about Healthcare reform at Fortune Most Powerful Women’s conference. Embedded video from CNNMoney.com Video
Reading Time: < 1 minute I mentioned him a while ago (via. WealthTrack program). Fox Business link here. He is probably one of the best mutual fund managers in the world (from his long term performance). Watch the latest business video at FOXBusiness.com BTW, here is Jean-Marie Eveillard lastest buys (GuruFoucs).
Reading Time: < 1 minute David Swensen (head of Yale endowment management) Individual should be responsible to educate themselves if they actively manage their portfolio or just go passive: investing in index fund (this is echo to Buffett, Bogle). There is nothing in between (in other words, he thinks doing something in between can not bring good performance). David is
Reading Time: < 1 minute (Presentation May 27) NRG Energy at Deutsche Bank Securities Energy & Utilities Conference. (Noise from OptionMonster May 27) Options prepare for drop in NRG. I am not expert in Options, but I think stock price should affect option (derivative) price, not the other way around (as the NRG options shown in Yahoo Finance). Maybe guys
Reading Time: < 1 minute (Update) RationalWalk has a much more comprehensive piece on Berkshire Q1 results. (Original) News from San Jose Mercury News. Quote: Berkshire says it sold 13.7 million of its 79.9 million shares of ConocoPhillips during the first quarter to generate a loss that can offset past capital gains taxes. More details from its Q1 earning report
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