Warren Buffett

Warren Buffett’s $12 Billion Stock Purchase Analyzed

Back on January 31, I blogged about famous stock investor Warren Buffett informing talk show host Charlie Rose he bought $12 billion (net) of common stocks since Election Day.

The third richest man in the world and his equity purchases were the focus of an article on the FOX Business Network website today. Matthew Frankel reported:

According to Berkshire Hathaway’s latest SEC filing, Warren Buffett and company had an active fourth quarter in 2016. After sitting on a company record $85 billion cash hoard at the end of the third quarter, and having said that Berkshire spent $12 billion on common stocks in the wake of Donald Trump’s election victory, investors have been wondering what Berkshire has been up to. Here’s the answer.

While we don’t necessarily know the reasoning behind Berkshire’s latest investments, or whether they were initiated by Warren Buffett himself or one of his trusted stock pickers, we do know what changed in Berkshire’s portfolio during the fourth quarter. Here are the most notable buys

(Editor’s note: Bold added for emphasis)

I’m not going to steal Frankel’s thunder here. Head on over to the FBN website here to read what the “Oracle of Omaha” has been acquiring.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Thursday, February 16th, 2017 Government, Investing, Stocks No Comments

Warren Buffett: ‘We’ve, Net, Bought $12 Billion Of Common Stocks Since The Election’

In an interview aired Friday, famous stock investor Warren Buffett told talk show host Charlie Rose that he’s bought billions of dollars worth of equities since Election Day. The “Oracle of Omaha” revealed to viewers:

We’ve, net, bought $12 billion of common stocks since the election…

(Editor’s note: Bold added for emphasis)


“Buffett Says He’s Bought $12B In Stock Since Election”
Bloomberg Video

I just blogged about Buffett last Wednesday concerning his belief the United States will be fine under a Trump administration and his long-term outlook for stock prices. From that January 25 post:

Last Thursday, famed investor and Hillary Clinton backer Warren Buffett spoke to CNBC about his thoughts on the United States with Donald Trump at the helm. The third-richest man in the world told viewers:

Certainly he has the most important job in the world. But, America works. And I’ve said this before, it would work wonderfully under Hillary Clinton. I think it will work fine under Donald Trump. We’ve got the “secret sauce.” And it doesn’t work all the time perfectly. But you just look at where we go- milestone after milestone. And, never bet against America.

(Editor’s note: Bold added for emphasis)

The chairman and CEO of Berkshire Hathaway also talked stocks. He predicted:

I have no idea what the stock market’s going to do in the next year. I do know it will be a lot higher 10 years from now and 20 years from now

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Tuesday, January 31st, 2017 Government, Investing, Stocks No Comments

Warren Buffett: U.S. ‘Will Work Fine’ Under Trump, Stocks Headed ‘A Lot Higher’

Last Thursday, famed investor and Hillary Clinton backer Warren Buffett spoke to CNBC about his thoughts on the United States with Donald Trump at the helm. The third-richest man in the world told viewers:

Certainly he has the most important job in the world. But, America works. And I’ve said this before, it would work wonderfully under Hillary Clinton. I think it will work fine under Donald Trump. We’ve got the “secret sauce.” And it doesn’t work all the time perfectly. But you just look at where we go- milestone after milestone. And, never bet against America.

(Editor’s note: Bold added for emphasis)

The chairman and CEO of Berkshire Hathaway also talked stocks. He predicted:

I have no idea what the stock market’s going to do in the next year. I do know it will be a lot higher 10 years from now and 20 years from now

(Editor’s note: Bold added for emphasis)


“Warren Buffett says the US will do fine under Trump, because we’ve got the ‘secret sauce'”
CNBC Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Wednesday, January 25th, 2017 Government, Investing, Political Parties, Stocks No Comments

Quote For The Week

“It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve). As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do. That view is dead wrong: The babies being born in America today are the luckiest crop in history…

For 240 years it’s been a terrible mistake to bet against America, and now is no time to start. America’s golden goose of commerce and innovation will continue to lay more and larger eggs. America’s social security promises will be honored and perhaps made more generous. And, yes, America’s kids will live far better than their parents did.”

-American businessman, investor, and philanthropist Warren Buffett, taken from his just-released annual letter to Berkshire Hathaway shareholders

As someone who followed the billionaire investor on a regular basis as Editor of Investorazzi.com, “Tracking the World’s Greatest Investors,” I find the mainstream media all too happy to disseminate Buffett’s optimism when the economic picture isn’t looking too pretty.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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China Overtakes U.S. As World’s Largest Economy

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

-Warren Buffett, famous American investor

Lost in all the mainstream media frenzy over protests/riots related to the deaths of Michael Brown and Eric Garner was the following from MarketWatch columnist Brett Arends this morning:

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A…

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

(Editor’s note: Bold added for emphasis)

While this century may very well go down in history as being “China’s Century,” I suspect the nation of 1.36 billion people will suffer setbacks (some serious) not unlike America did in the years leading up to it becoming a superpower. Despite this, the Chinese look to be taking the baton from the U.S. as far as 21st century hegemony is concerned.


“Little Apple- 2014 Hot Song in China”
YouTube Video

You can read the rest of Arends’ piece on the MarketWatch website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, December 4th, 2014 Asia, Hegemony, Mainstream Media No Comments

Peter Schiff: U.S. GDP Fell From 2.8 Percent In 2012 To 1.9 Percent In 2013

“Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia’s advance into Ukraine.

Buffett appeared on the business cable channel CNBC Monday morning after releasing an upbeat annual letter to his Berkshire Hathaway Inc. shareholders over the weekend. Buffett is chairman and CEO of the Omaha, Neb., conglomerate.

Buffett said the reports he gets from Berkshire’s 80-odd subsidiaries in a variety of industries show that the economy is growing at a moderate rate, despite swings in investors’ mood.

“The American economy for five years has been moving at a fairly steady rate upwards —not as fast as people would like — but I think that absolutely continues now,” he said…”

-Associated Press, March 3, 2014

Well-known stock investor Warren Buffett has been bullish on the U.S. economy for some time now. Not so for a number of the “crash prophets,” including Peter Schiff. The Euro Pacific Capital CEO and Chief Global Strategist added a new entry Friday on his YouTube video blog The Schiff Report where he pointed out that U.S. GDP numbers for the past two years tell a different tale than the one Buffett shared with CNBC viewers this morning. Schiff observed:

The GDP numbers that were released today for the fourth quarter the government came back and revised down. It was a downward revision to fourth quarter GDP. They originally told us the economy grew by 3.2 percent in the fourth quarter. And today, they revised that down to just 2.4 percent. 2.4 percent.

Now, if you look at the entire year of 2013, the GDP grew by 1.9 percent. For the year.

In 2012- the prior year- the GDP grew by 2.8 percent.

Now, wait a minute. President Obama said in his many speeches in late 2013 that this is the year the recovery became real. That we finally have the real recovery that he’s been promising.

Well wait a minute. If GDP in 2013 was up by 1.9 percent, but it was up by 2.8 percent in the year before when the recovery wasn’t real- how is the recovery more real when the economy is growing more slowly now than it was before?


“Recovery Fantasy Persists Despite Contrary Data”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, March 3rd, 2014 Crash Prophets, GDP, Recovery No Comments

China, Asia Still Pushing To Become World’s Financial Supercenter

Did you see that TV commercial during the run-up to Election Day?

You know, the one featuring the Chinese professor in 2030 lecturing his students about the fall of the American “empire” through foolish fiscal policies.


“Chinese Professor”
YouTube Video

Seeing that again (I heard a lot of people got angry when they saw it for the first time) reminded me of a number of pieces I came across prior to the global financial crisis rearing its ugly head in the fall of 2008 that spoke of Asia becoming the “supercenter” of global finance as the 21st century marched on. So much so that legendary stock investor Warren Buffett confidently announced:

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.

Since those more visible days of the ongoing economic crisis, I haven’t encountered that same level of interest from the financial mainstream media about the flow of capital and jobs moving from West to East. Until recently, that is. Perhaps it’s because the whole thing didn’t come crashing down like a number of China/Asia observers had been saying it would? Who knows, but Huw Jones wrote on the Reuters website back on Halloween:

Hong Kong was named the world’s top financial center for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and a favorable tax regime.

The WEF’s annual Financial Development Report considered a wide range of factors and underscored the rise of Asian trading centers and the influence of China as the world’s second-largest economy.

Rival surveys based purely on the total value of transactions typically put New York or London in top place.

However, stalling capital markets, sputtering economic growth and waning trust in financial organizations served to ensure that the top six positions remained unchanged from 2011, the WEF said.

The United States was the runner-up, Great Britain third, and Singapore fourth in the 2012 rankings.

In another study of global finance centers, the British were hanging on to the top spot- for now. Catherine Boyle wrote on the CNBC website this past Monday:

London is losing its crown in the battle of the global financial hot spots, with New York expected to overtake it this year as the biggest financial-services employer and Hong Kong and Singapore snapping at its heels.

Hong Kong will overtake London by 2015 if current trends in job cuts and moving business to the East continue, according to a new report by UK-based Centre for Economics and Business Research (CEBR).

Singapore’s emergence as a financial center is also changing the focus away from London, which has had the most city-type jobs since the turn of the twenty-first century.

It will be interesting to see how this all pans out down the road, but my gut tells me China/Singapore/Asia are on the road to becoming the world’s next financial supercenter- bar a complete disaster taking place. Even with a global economic crash, this region of the world appears to be in much better shape financially than its trading partners in the West, which will be vital in weathering the storm and the recovery phase. As for New York City and Wall Street? It may no longer be the center of world finance like it once was in such a scenario, but I would think it would continue to play a vital role in the global financial system, especially here in North America. The same can be said for London and Western Europe.

Down, but not out, I suspect.

Sources:

Jones, Huw. “Hong Kong named top financial center for second year.” Reuters. 31 Oct. 2012. (http://www.reuters.com/article/2012/10/31/us-financialcentres-wef-report-idUSBRE89U0BD20121031). 14 Nov. 2012.

Boyle, Catherine. “London Losing Its Crown in Battle of Financial Hubs.” CNBC. 12 Nov. 2012. (http://www.cnbc.com/id/49778263). 14 Nov. 2012.

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Wednesday, November 14th, 2012 Asia, Employment, Europe, North America, Trade, Wall Street No Comments
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
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