Warren Buffett
I Wish I Had This Problem; Berkshire Hathaway Cash Keeps Piling Up.
Every investor is waiting with baited breath to know what the Oracle of Omaha will do with this bundle of cash:
Locked and Loaded: Warren Buffett’s Elephant Gun.
Apparently Warren Buffett’s Berkshire Hathaway Inc. is sitting on a record pile of cash; USD$72.7B as at June 30, 2016. This record-breaking kitty has everyone in the investment world guessing where (in addition to when and if) Warren will go “hunting”. Will the “Oracle of Omaha” look to scoop up another major industrial player like he most recently did with Precision Castparts Corp., or seek to expand his insurance operations like he did with the much smaller purchase of Medical Liability Mutual Insurance Company.
http://www.bloomberg.com/gadfly/articles/2016-08-08/buffett-s-berkshire-hathaway-transforms-again
The Sky Is Not Falling
Global stock markets have taken investors on a wild ride since the beginning of the year and indications are that we are still in for more and possibly similarly large ‘bumps’ along the road as 2016 chugs along. Continue reading
Add another dish to the Buffett
Warren Buffett’s Berkshire Hathaway wrote its biggest check – a whopping $37B including debt – in history last week with a deal to acquire industrial parts maker Precision Castparts. This deal is another step in what looks, to me, like a deliberate strategy to remake Berkshire into a more industrially focused business as opposed to its current form known for its massive insurance operations and equally massive stock portfolio.
The Security Whisperer 