Page 2 - Berkshire Hathaway

Eli Lilly closer to joining Magnificent Seven in $1 trn market cap club

"Could Lilly be the first $1 trillion biopharma stock?" Morgan Stanley's Terence Flynn and colleagues asked in a note to clients. "We continue to see a path for further upside"

Charlie Munger, Warren Buffet's sidekick at Berkshire Hathaway, dies at 99

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99. Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital. Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades. Munger preferred to stay in the background and let Buffett be the face of Berkshire, and he often downplayed his contributions to the company's remarkable success. But Buffett always credited Munger with pushing him beyond his early value investing strategies to buy great businesses. "Charlie has taught me a lot about valuing businesses and about human nature," Buffett said in 2008. Buffett's early successes were based on what he learned from former Columbia University professor Ben Graham. He would buy stock in companies that were selling cheaply for less than their assets were worth, and then, when the market p

Master of one-liners: Here are some of Munger's lessons on politics, crypto

Munger was also "a generous philanthropist who provided unfiltered advice and refreshing opinions which positively impacted businesses worldwide," Sloan said

Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr

Billionaire Warren Buffet-backed Berkshire Hathaway Inc on Friday divested its entire 2.46 per cent stake in Paytm's parent company One97 Communications for Rs 1,371 crore through an open market transaction. Berkshire Hathaway Inc through its affiliate BH International Holdings sold more than 1.56 crore shares of fintech company Paytm on the National Stock Exchange (NSE). According to the bulk deal data available with the NSE, BH International Holdings offloaded 1,56,23,529 shares, amounting to a 2.46 per cent stake in Noida-headquartered Paytm. The shares were disposed of at an average price of Rs 877.29 apiece, taking the transaction value to Rs 1,370.63 crore. Meanwhile, Copthall Mauritius Investment picked up 75,75,529 shares and Ghisallo Master Fund LP acquired 42.75 lakh shares, amounting to a 1.19 per cent and 0.67 per cent stake in Paytm, respectively. The shares were purchased at an average price of Rs 877.20 per piece, taking the aggregate deal value to Rs 1,039.52 ...

Berkshire Hathaway sells remaining 2.46% in Paytm for Rs 1,371 crore

Berkshire's exit comes after a string of selldowns for the firm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group

Warren Buffet donates Berkshire Hathaway shares to children's foundations

At Thanksgiving I have much to be thankful for, Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately USD 876 million and are in addition to the regular donations he makes each summer to those foundations and the Bill and Melinda Gates Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving. "My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. The testamentary trust w

Buffett owned Berkshire Hathaway's cash at record $157 bn after deal slump

The hoard - which Berkshire has largely parked in short-term Treasuries - surpassed the previous high set two years ago, the Omaha, Nebraska-based firm said on Saturday

Buffett gives $27 mn in Berkshire Hathaway stock to an unnamed charity

Investor Warren Buffett has donated Berkshire Hathaway stock worth USD 27 million to an unnamed charity. Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities and Exchange Commission late Wednesday. This donation is in addition to Buffett's annual gifts to the Bill & Melinda Gates Foundation and four smaller foundations run by his family that he has been making since 2006. Buffett has said that more than 99% of his nearly USD 118 billion fortune will eventually go to charity, and he has gradually been giving it away over time. He has given those five foundations stock worth roughly USD 50 billion over the years. Buffett didn't identify the charity that received his latest donation this week. Even after this latest donation, Buffett still holds 218,237 Class A shares of Berkshire stock, which are the most expensive shares on the market. Thursday morning, the shares were up USD 2.183 to sell for USD 539,680 apiece. Berkshire does have a .

Profits at Warren Buffett's Berkshire Hathaway reach $36 bn as stocks surge

Profits rebounded at Warren Buffett's conglomerate along with the value of its USD 353 billion stock portfolio in the second quarter to hit USD 35.9 billion, and Berkshire Hathaway's assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire Hathaway said on Saturday that its profits surged to hit USD 24,755 per Class A share. A year ago, the Omaha, Nebraska-based company recorded a loss of USD 43.6 billion, or USD 29,633 per Class A share, when the value of its biggest investments fell. But Buffett has long said that those bottom-line figures can be misleading because of the big swings in the paper value of its investments from quarter to quarter when few of Berkshire's investments are actually bought or sold. Instead, Buffett recommends that investors focus on operating earnings to see how the more than 90 companies Berkshire owns are actually performing. By that measure, Berkshire's operating earnings grew 6.6 p

Buffett's Berkshire Hathaway takes control of LNG plant with $3.3 bn deal

Berkshire Hathaway Inc. first took a stake in the one-train export plant with an annual export capacity of 5.25 million tons in 2020.

Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn

Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall

Berkshire Hathaway posts big loss in Q4, cash hoard swells to $130 bn

The Omaha, Nebraska-based firm found more value buying back its own shares, repurchasing $2.6 billion, and bought back about $700 million more in the first month-and-a-half of 2023

Warren Buffett donates more than $750 million to family charities

Billionaire investor Warren Buffett donated more than USD750 million in Berkshire Hathaway stock to the four foundations run by his family, but unlike his annual gifts to charity each summer, the recipients didn't include the Bill & Melinda Gates Foundation. Buffett has been making annual donations to the same five charities every year since 2006 when he unveiled a plan to give away his fortune over time, with the Gates Foundation receiving the biggest donations. Wednesday's donations mark the first time the 92-year-old has made a second major gift within the same year. A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the Omaha, Nebraska-based conglomerate he leads to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gave 11 million

Softbank to divest 29 mn shares in Paytm via block deals on Thursday

Floor price set at Rs 555, 8% discount to last close

Warren Buffett's Berkshire Hathaway buys stock worth $4.1 bn in TSMC

TSMC's other foreign investors include U.S. asset managers BlackRock Inc and Vanguard Group Inc, and Singapore sovereign wealth fund GIC

Buffett's Berkshire Hathway reports $2.7 bn loss on investment drop

Warren Buffett's company again reported a loss this time only USD 2.7 billion because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss on Saturday of USD 2.7 billion, or USD 1,832 per Class A share. That's down from a USD 10.3 billion profit, or USD 6,882 per Class A share, a year ago when the stock market was soaring. In the second quarter of this year, Berkshire reported a USD44 billion loss. Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter. By that measure, Berkshire's operating earnings jumped 20per cent to USD 7.76 billion, or USD 5,293.83 per Class A share. That's up from USD6.47 billion, or USD 4,330.60 per Class A share. The four analysts surveyed by FactS

Warren Buffett's company likely to keep investing in Occidental Petroleum

Warren Buffett's company received clearance to boost its 20% stake in Occidental Petroleum to as much as 50%, but it's not immediately clear how many more shares Berkshire Hathaway plans to buy or whether it will consider buying the entire company. Shares of the of the oil producer soared nearly 12% Friday after the Federal Energy Regulatory Commission revealed that it had approved Berkshire's request to buy up to 50% of the Houston company. Shares slid 4% to around $69 amid a broader sell-off Monday and as speculation cooled over the potential for Berkshire to buy the entire company. Berkshire doesn't typically comment on its stock investments beyond what it is required to disclose, and Buffett didn't respond to questions about Occidental on Monday. But Buffett told shareholders at the company's annual meeting in April that he started buying Occidental shares in late February because what the CEO was telling investors then made nothing but sense to him. Berkshire's Occidental ...

Berkshire Hathaway seeks to buy as much as 50% of Occidental Petroleum

Berkshire has spent this year wagering more on Occidental after first making a bet on the Houston-based oil company three years ago

Warren Buffett's company has bet over $45 billion on the oil sector

Occidental's stock jumped nearly 5% Tuesday to trade for USD 62.89 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares worth more than USD 400 million.

Buffett's Berkshire pounces on market slump to buy equities in June qtr

Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 bn as the insurance and railroad businesses posted gains