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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: nola622 ⎊  😊 😞
Number: of 21942 
Subject: Re: WEB's Taiwan Semi Sale
Date: 02/19/23 8:39 AM
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Be sure to include "changed their opinion of the valuation level" in your definition.
The price went up. It's pretty likely they made a quick billion. Nothing wrong with that.

Assuming we are still talking about TSM shares here, I think it is more likely that the 86% of the TSM shares that were sold in Q4 were the shares held at a loss. I suspect the overall average cost the the position was also at a loss at year end if no sales had taken place.

The 60 million TSM shares were purchased during the 3rd quarter of 2022, when prices ranged between $91.94 and $67.74. The end of year closing price was $74.49 / share.

Berkshire would have made a quick billion dollars if they hadn't sold in Q4 but most the pop (from their cost basis) occurred after year-end.

I think the most likely explanation is that Warren Buffett thought about it some more and changed his mind.

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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