Brother Buffett says!!!
" Ben Stein asked Warren Buffett whether gold was in a bubble, and the Oracle of Omaha responded with a rhetorical question.
Would you rather have a 67-foot gold cube made of all the bullion in the world, or all the farmland in the US, ten Exxon Mobils (XOM), and $1 trillion in walking around money? Because the price is about the same, he pointed out.
Buffett’s point was simple: Gold is not a productive asset. It just sits. Its value is entirely dependent on the whims of buyers."
Sentiment: Strong Buy
What sort of tax implications would you face if you chose to sell your holdings? I would lean towards BRK but it depends on your tax basis.
I myself prefer to own brk. rather than stocks in brk. warren often makes deals with these co. that we cant that boost the return.
25% to 33% drop...I find that hard tom believe. The stock has a floor of 1.2X book for BRK to buy back shares. The company is decentralized in mgmt of ALL the operating companies. Geico and BNSF are extremly well run. The 4 major stocks that make up most of the invesmtent portfolio, KO, WFC, etc would stay in portfolio. BRK has 2 sharp executives who are now making their own investment decisions on the investment side.
Losing Warren would be a great loss, but not catastrophic to the organization. I suggest you do some research by reading Buffets letters to shareholders that explain investment philosophy, the advantage of float, valuing the company on growth in book value, etc...
Then when others make comment about the downside of BRK you can respond from knowledge.
As an added thought if you really think losing Buffet is so great a risk, I suggest you look at MKL also known as a "Baby Berkshire". Operates and invests much the same. Is much smaller. Head of investments is 52.
Thanks for responding. Yes, there would be no divident but the growth appears much higher than my other 4 stocks. However, I have a follow-up question....someone pointed out to me in the last day that due to Warren Buffet's age, if he were to pass away anytime soon, his BRK-A and BRK-B stocks would instantly drop 25-33% and that these stocks would never again grow at the same levels they've grown in the past several years since he is so affiliated with these stocks. What's your thoughts on this? Thanks again...really appreciate your feedback!
Owning BRK-B is better to me than owning the 4 stocks for many reasons. do some research and read articles on Seeking Alpha about BRK to get some insight into business model.
Today is good day to swap as entry point into BRK. Your 4 stocks are down less than 1% on average. BRK-B is down 1.28% today and 3.5% off its recent $142 high. That is a good trade. Keep in mind BRK does not pay divy if that is important to you.
I didn't want to make this too complicated. I really just wanted to know if BRK-B was a solid investment as a replacement for a few individual stocks or just stick with these individual stocks I mentioned above....thanks for responding
It is a simple but very accurate indicator. Pocket change is compared to folding money at church functions.
Sunday school has complete strangers showin up to donate? I will not take credit but I have encouraged my flock to take a look at BRK-B !!!
Sentiment: Strong Buy
As a retired registered investment advisor,you have provided far less imformation than would be necessary to provide"advise/guidance" on portfolio allocation.Also,anyone who would provide such an opinion is acting unprofessionaly and not in your best interest.
Dear Warren Buffett, Can you please invest in GEVO. This company is developing new fuel energy. I am not asking you to invest all your money only a small part of it. Thank you.