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The Real Warren Buffett - 巴菲特每周新闻专贴

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发表于 2009-3-12 12:20:19 | 显示全部楼层
楼上说得正确!应多学人家的成功之处,多看自己的不足之处!
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发表于 2009-5-9 15:17:34 | 显示全部楼层

简单但不容易。

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发表于 2009-5-5 22:18:57 | 显示全部楼层
巴菲特的最佳搭档芒格在伯克希尔股东大会上称:我知道人们普遍认为沃伦和我(投资比亚迪)看起来是疯了,但我不认为是这样。你看到比亚迪的汽车,就会明白这是什么样的一种汽车。我认为他们做出的一切:汽车、玻璃、轮胎……都是非常出色的,这非同一般。我认为对于伯克希尔来说,与比亚迪的合作是一项非常重要的合作。比亚迪可能是一个小公司,但是它有很大的野心。如果比亚迪不成功,我将非常惊讶。关于比亚迪的发展和合作,我感到有生以来最大的荣幸。

芒格的意见曾把伯克希尔推向了一些出人意料的投资方向。几年前,芒格听说了中国一家名不见经传的电池和汽车生产商比亚迪股份有限公司(BYD Inc.),这家公司希望能开发出一种廉价、实用的电动轿车。

巴菲特称:比亚迪是查理最后一年的大手笔,还有收购爱尔兰银行。所以,他是一个胜利者。

巴菲特还在大会上表示:当前的通货膨胀是必然的。纳税人不去消费导致了政府不得不去刺激消费,而且纳税人手里持有大量的美元,这就和投资国债一样,导致了当前消费不振的局面。

巴菲特认为,如果消费者的消费需求旺盛,那么就会对经济增长产生积极的影响。而防止通货膨胀最好的办法就是“赚钱能力”,第二个好的办法是“美好的经济环境”。

下面为芒格其人其事,披露了他为何坚决要投资比亚迪的细节。

芒格其人其事

虽然现年85岁的芒格和现年78岁的巴菲特经常相互沟通想法并就公司的大部分交易彼此交换意见,但两人的行事风格还是有所不同。芒格说话简洁明了,巴菲特则显得??嗦嗦。芒格倾向于共和党,而巴菲特则倾向民主党。芒格愿意出高价收购企业,巴菲特则喜欢那些没有投资风险的超廉价股。

芒格的意见曾把伯克希尔推向了一些出人意料的投资方向。几年前,芒格听说了中国一家名不见经传的电池和汽车生产商比亚迪股份有限公司(BYD Inc.),这家公司希望能开发出一种廉价、实用的电动轿车。

中国的科技企业可与那些伯克希尔投资过的中国制鞋和内衣企业截然不同。但芒格却对投资比亚迪很热心,他对比亚迪的老板王传福比对比亚迪的技术更感兴趣。芒格说,王传福有可能成为有史以来最重要的生意人之一。

虽然巴菲特一开始对投资比亚迪持怀疑态度,但芒格却坚持要投。伯克希尔旗下公用事业公司MidAmerican Energy Holdings Co.的董事长大卫?索科尔(David Sokol)专程去考察了比亚迪在中国的工厂,他也赞同芒格的判断。去年,MidAmerican斥资2.3亿美元购买了比亚迪10%的股份。

巴菲特说,投资比亚迪是芒格的主意。他说,当芒格遇到天才,并且看到此人把企业经营得不错时,他就由衷地感到高兴。

芒格还是伯克希尔2006年向以色列金属切削工具生产商Iscar Metalworking Cos.投资40亿美元的支持者。在当时,这可不是一笔小数目,特别是鉴于巴菲特对投资廉价企业的偏好。芒格却向自己的老搭档保证说,Iscar值这笔钱。

这项交易为伯克希尔在美国以外的其他一些大手笔投资铺平了道路。上述两项投资的效益如何伯克希尔未予公布。

巴菲特和芒格都认为美国的金融体系需要变革,都对这一体系以往的过分之举进行了指责。芒格说,一些人仅仅因为敢于大量举债就获得了高得惊人的报酬。这两人一直在反复提醒人们注意滥用杠杆和衍生品造成的系统性风险。

芒格认为,监管机构可以严格限制银行能够使用的杠杆(即借款)数额。这将压低华尔街公司的薪酬,因为交易员将不能再进行这么大的杠杆化投资。这可能对伯克希尔有利,该公司截至2008年年底共有243亿美元现金储备。他说,这样就会有新的游戏规则,对我们这样的人来说,这会很有意思。

周六的会议是在伯克希尔经历它历史上最糟糕的一年后召开的。去年该公司的每股账面价值缩水了9.6%。这是巴菲特1965年接手这家公司以来的最大跌幅。当时该公司是位于东海岸的一家纺织品企业,巴菲特把它转变成了一个投资王国。自去年9月份以来,伯克希尔的股价下跌了36%。

这两位投资者称,他们预计伯克希尔不久后将会恢复状态,他们还会继续合作。每周他们至少会在各自的办公室通一两次电话──巴菲特在奥马哈,芒格在加州帕萨迪纳。

巴菲特说,芒格可能比许多行业的业内人士更了解这些业务的本质,他比我看到的任何人都能更快抓住要点。

芒格在奥马哈长大,二战期间参加了美国陆军,在阿拉斯加任气象员。战争结束后,他获得哈佛大学法学院学位,成为加州一家公司的律师。

他也成为了一名认真的投资者。1959年,他在奥马哈一家餐馆首次见到巴菲特。经过多年来在众多投资上的合作,两人于1978年终于在伯克希尔成为全职搭档,芒格出任了这家公司的副董事长。

他们早期的一项交易是收购了伯克希尔旗下最知名的品牌之一。1972年,芒格说服巴菲特共同以2,500万美元收购了加州盒装巧克力生产商See's Candies。虽然按一些指标衡量收购价似乎太高,但这项交易却大获成功,共带来了10多亿美元的税前利润。

纽约基金管理公司T2 Partners LLC的经理蒂尔森(Whitney Tilson)说,如果没有这样的投资,伯克希尔不太可能发展成现在这么大。他说,芒格帮助巴菲特鉴别了一些高质量的投资,在几十年后带来了数十亿美元的收入。T2 Partners持有伯克希尔的股票。

在财务方面,巴菲特做得更好。根据福布斯杂志的世界富人排名榜,巴菲特2008年的净资产为370亿美元,排名世界第二,仅次于微软(Microsoft Corp.)创始人盖茨(Bill Gates)。芒格在这份名单上排名522位,净资产为14亿美元。

芒格赢得了伯克希尔公司董事盖茨(Bill Gates)的尊重。盖茨说,当美国司法部上世纪90年代末指控微软在Windows操作系统上滥用垄断权力时,他曾向芒格寻求法律建议。在创立比尔及梅林达.盖茨基金会(Bill & Melinda Gates Foundation)方面,他也曾征求过芒格的意见。

盖茨在接受采访时说,如果没有芒格的辅佐,巴菲特恐怕很难做得这么好

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发表于 2009-2-18 09:59:35 | 显示全部楼层

透视巴菲特谷底投资学

销声匿迹三个月的巴菲特,最近又出手了。投入三亿美元买下哈雷机车债券,又在瑞士再保公司最紧急的当口,挹注了二十六亿美元,更积极加码原本就看好的柏林顿北方圣塔费铁路公司(BNSF),又在《财富》杂志中,鼓吹他对美股死多头的看法。

自从去年九月底、十月初波克夏伸手挽救高盛证券及奇异电子之后,巴菲特就在媒体上噤声,在股神沉默的同时,波克夏的股价,却从收购高盛之后的高价十四万美元,直探现在九万多美元的区间,甚至一度跌破八万美元水平,来到五年新低。“股神法力失效”的说法,又开始甚嚣尘上。

不过,老先生似乎没有被市场这些冷言冷语干扰,二月初,他如期邀请一百多位美国商管科系的学生,到波克夏总部所在地奥马哈(Omaha)做客兼座谈。据参与讨论的学生指出,巴菲特当天谈兴极佳,在他既定想法下,又加进了新的材料及看法,全场一派轻松、巴式妙语如珠。

两个小时讨论下来,巴菲特完全不需要看任何参考数据,讨论结束之后,照例请来宾大嗑牛排,与大家搭肩合照。股神最近到底在想什么?不仅波克夏的股东想知道,全球的投资人也都竖耳聆听。以下是今年二月巴菲特与学生对谈的摘要及其对投资的最新看法。

公债市场泡沫化,优质公司债较有利可图

巴菲特在座谈中坦承,这次金融海啸牵连层面之广,是前所未见,连他自己也想不到情况会如此惨烈,他说,最近波克夏小批买进一些三个月期的国库券,其利率竟然是负值,他说“把钱放在大卖场的床垫下面,都比放在公债中好”,他并预言,目前美国公债已经呈现泡沫化,几年前长期债券及短期债券的殖利率利差太窄,现在则太大,而且呈现负斜率的状况,若在现在这个时点放空公债,买进优质公司债,应该相当有利可图。

美股仍有希望;肯定比亚迪打造梦想能力

虽然巴菲特在过去常常看空美元,但他对美股却一直看多,他说在上一世纪,美国人的生活水平及生活条件,已经增长了七倍,是个藏富于民的社会,虽然失业率已经达7.6%,但体质仍然强,只要时间够,就会复原。

除了美国之外,他也认为中国制造实力愈来愈强。巴菲特并对学生说,他对去年波克夏投资的中国电动汽车厂比亚迪(BYD)的制造水平非常赞赏,也十分欣赏比亚迪在底特律汽车展上展出的电动车款,并将比亚迪的英文缩写BYD,解释为Build Your own Dream(打造属于自己的未来梦想)。

衍生性商品像“性病”,风险仍在持续中

巴菲特在讨论会中仍然认为,衍生性商品是这次金融海啸的元凶之一。他指出,衍生性商品是金融界的“大规模毁灭武器”,金融机构拿远期衍生性商品的虚幻价值,美化账面数字,以换取高额的红利。他还爆料,当波克夏买下General Re再保公司时,公司内竟然有一百年后才到期的衍生性金融商品。

他说,衍生性商品带来的交易对手风险骨牌效应就像“性病”,“重点不只在确保与你睡觉的人有没有性病,还要确定彼此其它的性伴侣都没有病才行!”因为一旦疾病爆发,所有“参与”的人都会有所牵连,像骨牌效应一发不可收拾,防疫系统破了一个洞,就会不断扩大,这是今天金融体系最大的风险。在远古时期,大家只用石头打仗,但今天可是有核子武器,小区域的战争,伤害就可能不断向外扩及,波克夏虽然谨慎小心,但一旦在华尔街或华盛顿的战事扩大,还是难免被波及。

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 楼主| 发表于 2009-2-18 20:54:35 | 显示全部楼层

四个月前巴老在《纽约时报》上发文,呼吁大家买入美国。那么迄今为止,他到底为Berkshire Hathaway买了些什么呢?请看CNBC的总结:


Has Warren Buffett Been "Buying American" for Berkshire Hathaway? We Find Out Today
Posted By: Alex Crippen

Exactly four months ago today, on October 17, Warren Buffett wrote an op-ed piece for the New York Times with one of his rare, specific market calls for investors: "Buy American. I Am."

He explained how falling stock prices had prompted him to pick up U.S. stocks at bargain prices .. for his personal account.

At that time he said, "If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities."

If anything, prices became even more attractive after Buffett's op-ed. The S&P closed at 940.55 on October 17. Just over one month later, on November 20, it had fallen another 20 percent to its current bear-market closing low of 752.44.

Later today (Tuesday), we'll get the answer to a key question: Was Buffett also buying U.S. stocks for Berkshire Hathaway's portfolio at the same time?

After the closing bell, Berkshire will file its portfolio "snapshot" taken at the end of the quarter, on December 31.

Berkshire's filing for the third quarter showed a big increase for its holdings of ConocoPhillips [COP 42.94 -2.73 (-5.98%) ].

We also know that Berkshire has been loaning a lot of money to various companies, acting as a bank of last resort, and thus able to charge premium interest rates.

(See Tiffany, Swiss Re, Harley-Davidson, Goldman Sachs, and General Electric.)

Some of the cash that might have been used to buy stocks for Berkshire has presumably been put to work by the Bank of Buffett.

Current Berkshire stock prices:

Class A: [US;BRK.A 84000.0 --- UNCH (0) ]

Class B: [US;BRK.B 2769.99 --- UNCH (0) ]

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 楼主| 发表于 2009-2-18 21:11:43 | 显示全部楼层

巴氏银行最新批贷,贷款方:蒂芬尼,利率:10%,期限:一半为8年,另一半则为10年。也许,下一次巴老该在Ebay上卖出"Breakfast at Tiffany's"早餐券了。


Friday, 13 Feb 2009
Warren Buffett Goes Shopping at Tiffany's
Posted By: Alex Crippen

Warren Buffett has been doing some shopping at Tiffany's just before Valentine's Day, but he's not taking anything home in a baby-blue shopping bag.

In a filing with the SEC today, Tiffany [TIF 19.92 -0.26 (-1.29%) ] says it has sold $250 million of debt to some Berkshire Hathaway subsidiaries. The jewelry retailer will use the money to "refinance existing indebtedness and for general corporate purposes."

As has been the case repeatedly in recent months, Buffett will get a good return for his money: 10 percent a year.

Half the loan is due to be paid back eight years from now. The other half is due ten years from now. Berkshire will get lump sum repayments when those notes reach maturity.

Tiffany may actually be getting off easy with a 10 percent payout. Buffett got 12 percent for his Swiss Re investment last week, and 15 percent from Harley-Davidson a few days before that.

His multi-billion dollar investments in General Electric and Goldman Sachs both pay 10 percent a year.

On Forbes.com today, Atalanta/Sosnoff Capital founder Martin Sosnoff writes glowingly about Buffett's Deadman's Hand:

"Although Buffett is on record that the stock market is in a fundamental buying range, over the past several months tens of billions got earmarked for defensive, fixed-income investments with equity kickers. In short, Berkshire Hathaway's portfolio seems headed closer to a balanced construct rather than pure equities.

Investors can learn a lot from this gambit. Obviously, we odd lotters can't negotiate privately issued convertible preferreds with 12% yields. But we can buy A-rated preferreds like those from JPMorgan Chase and Viacom yielding 9%."

We'll find out soon if Berkshire was also buying stocks as prices fell last fall.

The company's end-of-fourth-quarter stock portfolio snapshot will be released late Tuesday, February 17.

Buffett went on record last October with the proud announcment he'd been buying U.S. stocks for his personal account, in anticipation of a long-term recovery.

The question is whether he was also willing to put Berkshire's investors into the shaky market as well.

Current Berkshire stock prices:

Class A: [US;BRK.A 84000.0 --- UNCH (0) ]

Class B: [US;BRK.B 2769.99 --- UNCH (0) ]

Swiss Re ADRs: [SWCEY 14.45 -1.81 (-11.13%) ]

Harley-Davidson: [HOG 11.86 -0.44 (-3.58%) ]

General Electric: [GE 10.81 -0.63 (-5.51%) ]

Goldman Sachs: [GS 85.71 -10.74 (-11.14%) ]

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 楼主| 发表于 2009-2-18 21:52:27 | 显示全部楼层

SEC披露Berkshire Hathaway截至2008年12月31日的持仓,强生和宝洁等都成了巴老减持的对象...


Feb.17 5:03 PM ET
Warren Buffett's Berkshire Hathaway Cuts Johnson & Johnson Stake By Half
Posted By: Alex Crippen

Warren Buffett's Berkshire Hathaway has just released its fourth quarter stock portfolio snapshot.

Instead of asking what Buffett has been buying, we should have been wondering what Buffett has been selling.

Most notably, Berkshire slashed its holdings in Johnson and Johnson [JNJ 55.98 --- UNCH (0) ] to just 28.6 million shares as of December 31. That's a drop of almost 54 percent. It had reported holding 61.8 million shares as of the end of the third quarter on September 30.

That brings Berkshire's stake in J&J down to just under 4 percent from almost 8 percent.

Johnson and Johnson's shares price fell almost 18 percent during the fourth quarter. We don't know whether Buffett avoided any or all of that drop since the filing doesn't say when the shares were sold. We do know that the stock is down another 6.4 percent year-to-date, a drop that Berkshire has avoided on the 33.2 million shares sold. Based on their December 31 close, those 33 million shares were worth about $2 billion.

Berkshire also made a sizable cut in its holdings of another healthcare company, Procter & Gamble [PG 50.11 --- UNCH (0) ]. That stake fell 9 percent to 96.3 million shares from 105.8 million.

Berkshire's smaller cuts in Q4:

  • ConocoPhillips [COP 42.94 --- UNCH (0) ] fell 4.8 percent to 79.9 million shares
  • CarMax [KMX 8.81 --- UNCH (0) ] dropped 4.4 percent to 17.6 million shares
  • US Bancorp [USB 10.73 --- UNCH (0) ] reduced by 7.4 percent to 67.6 million shares


Buffett wasn't just selling in the fourth quarter. Berkshire increased these holdings:

  • NRG Energy [IR 16.30 --- UNCH (0) ] soared 44 percent to 7.2 million shares
  • Ingersoll-Rand [IR 16.30 --- UNCH (0) ] increased by 38.1 percent to 7.8 million shares
  • Eaton [ETN 42.04 --- UNCH (0) ] jumped by 10 percent to 3.2 million shares

And there's one new stake: about 8.7 million shares of Nalco Holding. [NLC 11.06 --- UNCH (0) ]

On its web site, the company describes itself as "the leading integrated water treatment and process improvement company in the world."

At today's closing price of $11.06, the Nalco stake is worth just $96 million. (The stock is getting a 6 percent boost in after-hours trading.)

And Buffett is holding tight on his big financial holdings, including stakes in American Express [AXP 13.96 --- UNCH (0) ] and Wells Fargo [WFC 13.69 --- UNCH (0) ].

Overall, the dollar value of Berkshire's disclosed stock portfolio fell 25.8 percent to just under $52 billion as of December 31, down from almost $70 billion on September 30.

Our Berkshire Hathaway Portfolio Tracker shows the portfolio holdings as of December 31 are worth $41.4 billion, using today's closing prices

So what happened to Buffett's high-profile call last October to buy U.S. stocks? He said then he was buying domestic equities for his personal account. Apparently he felt Berkshire's money could be put to better use elsewhere. One alternative we know about are Berkshire high-interest rate loans to well-known companies facing tough times, such as Tiffany, Swiss Re, Harley-Davidson, Goldman Sachs, and General Electric.

Bloomberg quotes Buffett-style investor Mohnish Pabrai as saying before the portfolio filing, "Buffett has shown a preference over the past couple years toward buying whole companies, the debt markets or other private deals."

That's certainly evident in today's filing.

Here are the details from tonight's Berkshire Hathaway portfolio snapshot as of December 31, compared to the filing for September 30.

ADDED STAKES

  • Constellation Energy added at 19,894,322 shares. Berkshire obtained these shares in mid-December as part of its break-up fee after Constellation agreed to be acquired by Électricitié de France and canceled its tentative deal with Berkshire's MidAmerican Energy Holdings. Subsequent filings show that Berkshire sold over five million shares in January and early February, bringing its holdings down to 14,831,107 shares as of February 6.
    [CEG 24.27 --- UNCH (0) ]
  • Nalco Holding added at 8,739,100 shares.
    [NLC 11.06 --- UNCH (0) ]


INCREASED STAKES

  • Burlington Northern increased 9.9% to 70,089,829 shares from 63,785,418 shares.
    (Berkshire reported holding 76,777,029 shares as of January 30.)
    [BNI 62.94 --- UNCH (0) ]
  • Eaton Corp. stake increased 10.0% to 3,200,000 shares from 2,908,700 shares. Eaton was a new holding as of the end of the third quarter.
    [ETN 42.04 --- UNCH (0) ]
  • Ingersoll-Rand stake increased 38.1% to 7,782,600 shares from 5,636,600 shares.
    [IR 16.30 --- UNCH (0) ]
  • NRG Energy stake increased 44.0% to 7,200,000 shares from 5,000,000 shares. The stake was also up in the third quarter, increasing by 54.4%.
    [NRG 19.88 --- UNCH (0) ]


DECREASED STAKES

  • Carmax stake decreased 4.4% to 17,636,500 shares from 18,444,100 shares from 21,300,000 shares.
    [KMX 8.81 --- UNCH (0) ]
  • ConocoPhillips stake decreased 4.8% to 79,896,273 shares from 59,688,000 shares.
    [COP 42.94 --- UNCH (0) ]
  • Johnson & Johnson stake decreased 53.7% to 28,611,591 shares from 61,754,448 shares.
    [JNJ 55.98 --- UNCH (0) ]
  • Procter & Gamble stake decreased 9.0% to 9,530,990 shares from 105,847,000 shares.
    [PG 50.11 --- UNCH (0) ]
  • US Bancorp stake decreased 7.4% to 67,551,426 shares from 72,937,126 shares. [USB 10.73 --- UNCH (0) ]
  • UnitedHealth Group stake decreased 1.3% to 6,300,000 shares from 6,379,900 shares. [UNH 28.42 --- UNCH (0) ]
  • Wells Fargo stake decreased 0.1% to 290,244,868 shares from 290,407,668 shares. [WFC 13.69 --- UNCH (0) ]


UNCHANGED STAKES

  • American Express unchanged at 151,610,700 shares.
    [AXP 13.96 --- UNCH (0) ]
  • Bank of America unchanged at 5,000,000 shares. The stake had dropped 45.1% in the third quarter.
    [BAC 4.90 --- UNCH (0) ]
  • Coca-Cola unchanged at 200,000,000 shares.
    [KO 42.60 --- UNCH (0) ]
  • Comcast unchanged at 12,000,000 shares.
    [CMCSA 12.89 --- UNCH (0) ]
  • Comdisco unchanged at 1,538,377 shares.
    [CDCO 7.50 --- UNCH (0) ]
  • Costco Wholesale unchanged at 5,254,000 shares.
    [COST 42.12 --- UNCH (0) ]
  • Gannett unchanged at 3,447,600 shares.
    [GCI 4.02 --- UNCH (0) ]
  • General Electric unchanged at 7,777,900 shares.
    [GE 10.81 --- UNCH (0) ]
  • GlaxoSmithKline unchanged at 1,510,500 shares.
    [GSK 33.42 --- UNCH (0) ]
  • Home Depot unchanged at 3,700,000 shares.
    [HD 19.94 --- UNCH (0) ]
  • Iron Mountain unchanged at 3,372,200 shares.
    [IRM 19.68 --- UNCH (0) ]
  • Kraft Foods unchanged at 138,272,500 shares.
    [KFT 24.72 --- UNCH (0) ]
  • Lowes Companies unchanged at 6,500,000 shares.
    [LOW 17.07 --- UNCH (0) ]
  • M&T Bank unchanged at 6,715,060 shares.
    [MTB 35.00 --- UNCH (0) ]
  • Moody's unchanged at 48,000,000 shares.
    [MCO 22.90 --- UNCH (0) ]
  • Nike unchanged at 7,641,000 shares.
    [NKE 41.94 --- UNCH (0) ]
  • Norfolk Southern unchanged at 1,933,000 shares.
    [NSC 35.67 --- UNCH (0) ]
  • Sanofi Aventis unchanged at 3,903,933 shares.
    [SNY 29.01 --- UNCH (0) ]
  • SunTrust Banks unchanged at 3,204,600 shares.
    [STI 7.11 --- UNCH (0) ]
  • Torchmark unchanged at 2,823,879 shares.
    [TMK 26.54 --- UNCH (0) ]
  • USG unchanged at 17,072,192 shares.
    [USG 6.67 --- UNCH (0) ]
  • Union Pacific unchanged at 8,906,000 shares.
    [UNP 40.81 --- UNCH (0) ]
  • United Parcel Service unchanged at 1,429,200 shares.
    [UPS 42.95 --- UNCH (0) ]
  • Wabco Holdings unchanged at 2,700,000 shares.
    [WBC 11.41 --- UNCH (0) ]
  • Wal-Mart Stores unchanged at 19,944,300 shares.
    [WMT 48.24 --- UNCH (0) ]
  • Washington Post unchanged at 1,727,765 shares.
    [WPO 400.30 --- UNCH (0) ]
  • Wellpoint stake unchanged at 4,777,300 shares.
    [WLP 41.89 --- UNCH (0) ]
  • Wesco Financial unchanged at 5,703,087 shares.
    [WSC 277.00 --- UNCH (0) ]

Current Berkshire stock prices:

Class A: [US;BRK.A 84000.0 --- UNCH (0) ]

Class B: [US;BRK.B 2769.99 --- UNCH (0) ]

© 2009 CNBC, Inc. All Rights Reserved

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 楼主| 发表于 2009-2-18 18:10:47 | 显示全部楼层

谢谢xds5188和ICE的好贴,老格言都是人类智慧的结晶,每读一次,都能发人深思;BYD缩写的诠释,似乎其公司早就给出,只是巴老这次加了一个'own',倒让我想起巴老颇喜幽此一默,1952年年轻的沃伦曾买入一家叫Cleveland Worsted Mills(克利夫兰精纺厂),因其因股价低估,且有股息保护。可当公司决定取消派息,把沃伦气坏了,改称他们为Cleveland Worst Mills(克利夫兰最坏的工厂)。希望王传福为咱们中国争光,不要最终让巴老改释Build Your own Doom(铺就自己的毁灭之道)而戏谑。

最近事务比较繁忙,无暇上来转贴,抱歉得很。想把此帖改为《巴菲特每周新闻专贴》,否则实在名不副实,无暇顾及,还望管理员批准,谢谢!

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 楼主| 发表于 2009-2-18 20:36:42 | 显示全部楼层

居然有人为巴老这一世界首富举行慈善音乐会 --- 披头士作品夏威夷四弦琴演奏会,巴老最小的儿子也参与其中,并唱上一曲‘你从不给钱我’,颇有意味;买回股票;另一项1.5亿12%回报保证债券投资;购入油砂谣言等...


Published Sunday February 15, 2009
Warren Watch: Ukuleles on the way to Girls Inc.
BY STEVE JORDON
WORLD-HERALD STAFF WRITER

Roger Greenawalt and David Barratt organized a 14-hour benefit concert for Warren Buffett that will end with girls playing ukuleles in Omaha.


Just because a benefit was held for Warren Buffett doesn't mean the billionaire plans to keep the money. He will use the proceeds to buy ukuleles for members of Girls Inc. in Omaha.

A benefit for the nation's richest man? Ukuleles?

You could call Greenawalt and Barratt "performance philanthropists" because their innovative projects typically help good causes. In this case, they were making videos of people in their Williamsburg neighborhood of Brooklyn, discussing the recession.

Somehow they hit upon the idea of giving money to Buffett.

"We're useless with money," Barratt said from Brooklyn. "We figured it would be more effective if we gave the money to him."

They rounded up 67 singers, 37 musicians, a Yoko Ono impersonator and scheduled a concert for Dec. 7 at the Spike Bar, planning to perform all 185 Beatles compositions with ukulele accompaniment.

Greenawalt plays the ukulele, and the pair knew Buffett does, too. One of their videos shows Greenawalt singing his original composition, "The Oracle of Omaha":

He is ethically without a flaw,

Has never knowingly broke the law.

We look up in awe

Upon the Oracle of Omaha.

Warren Buffett's son Peter heard about the concert and told his father, and both thought it would be "hilarious," Barratt said. At the concert Peter sang "You Never Give Me Your Money," a 1969 Beatles tune with an ironically appropriate title.

After the concert the two organizers stuffed the day's contributions ("hundreds of dollars") into a brown paper sack. Warren Buffett had invited them to breakfast in Washington, D.C., in January.

There they discussed the economy, capitalism and ukuleles, including Buffett's use of the instrument during his dating days. He waxed poetic on the advantages of the small, affordable strummed instrument.

The resulting video ended up on ukulelia.com, an Internet Web site devoted to you-know-what, and other Web sites, including boingboing.net.

Ukulele enthusiast Gary A. Peare, who works for a brand design company in San Francisco, posted the videos on the ukulele Web site. He has a Buffett connection, too, arranging in 2006 for Dairy Queen to give Buffett a custom-made ukulele with the ice cream chain's trademark "swirl" on top.

After a casino bought that ukulele in a charity auction, Berkshire Hathaway Inc. subsidiary Dairy Queen made a second one for Buffett's own collection.

After the Washington breakfast, the sack of bills and coins landed on a table in front of Buffett. "This is very suspicious," he said, but explained what he planned to do: use the money to buy ukuleles for members of Girls Inc. in Omaha.

"I would guess that many dozens of girls will get entranced into taking up the uke," Buffett said. "I will go out and give them a lesson, after which fewer will be entranced. We will have a lot of fun with this."

Roberta Wilhelm, executive director of the program, which empowers girls to pursue their dreams, said she is ready for the ukulele invasion.

"I think it's going to happen," she said, as part of the club's music program. "I'm sure the girls are going to be lined up to get the lesson."

'Sweet Deals'

Dairy Queen is adding "Sweet Deals" to its selections after testing the discounted food items in Lexington, Ky., according to that city's Herald Leader newspaper.

Customers can mix and match burgers, hot dogs, chicken wraps, french fries, onion rings, a side salad, beverages and desserts in 20,000 possible combinations.

Stock buyback?

Some investors think Buffett may consider buying Berkshire stock because of comments last month in a PBS interview.

If he does, he would make a public announcement of the purchase price, he said, adding:

"I think if your stock is undervalued, significantly undervalued, management should look at that as an alternative to every other activity. . . . I'm not opposed to buying back stock."

Bubblicious yield

The Hackensack (N.J.) Record reports that Berkshire and Davis Selected Advisers LP have each bought half of the $300 million in five-year bonds issued by Sealed Air Corp., maker of Bubble Wrap and other packaging materials.

The notes are to pay 12 percent a year. Sealed Air said it would use the money for debt obligations. The company also owes money under a settlement in an asbestos lawsuit, stemming from its earlier purchase of another packaging materials business.

Oil sands rumor

Canwest News Service reports a rumor that Berkshire is interested in buying part of Nexen Inc., a Calgary, Canada, company that owns property bearing "oil sands," a mixture of dirt and petroleum that under some circumstances can be converted into fuel.

Buffett has visited some oil sands projects in Canada, but David Sokol of Omaha, who heads Berkshire's MidAmerican Energy Holdings division, has said the company isn't interested in investing in oil sands development.

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发表于 2009-3-1 10:29:02 | 显示全部楼层

谢谢

[此帖子已被 第一滴血 在 2009-3-1 10:29:39 编辑过]
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