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- Manlobbi
Halls of Shrewd'm / US Policy❤
No. of Recommendations: 19
No. of Recommendations: 1
Very good article. The most interesting part for me was harkening back to when we all thought Sokol would be the chosen successor. It sure seemed like it at the time. The article doesn't clear that up but I do remember Warren being asked about Sokol being the presumed successor after the Lubrizol scandal and he said something to the effect of "that would've been very presumptuous". But one has to wonder if Sokol's Lubrizol stock purchase never happened would he be the chosen successor today??
No. of Recommendations: 6
Also, there's a chart showing the yearly increase in cash holdings. To me this is the million question, or more like the $300B question. Why have we literally almost doubled our cash holdings in over a year? I know it gets discussed but to me this is a flashing red signal that we just don't know. Here are the only theories I've heard so far.....
1. Winding down Apple because it's either it's too large of a holding or he sees some headwinds long term for the company.
2. There's a big purchase coming.
3. He see's a bubble is stocking up in advance. Personally, I don't see this as plausible because it would fly in the face of "buy and hold forever" and he's not one to predict or time markets.
4. With the interest rate increases over the last 3-4 years he is happy with a 4-5% return on Treasury Bonds.
Of course I have no idea why we have almost doubled our cash holding over the course of a year but I would imagine this is going to be answered in the AR or the shareholders meeting. Very odd indeed!
No. of Recommendations: 5
I have been puzzling this also,and I recall in the banking meltdown he saw his role clearly to help america....My dark thoughts are he sees major trouble coming. when I look at crypto bro's and ho's in government now , creating untraceable and untaxable personal financial sytems , and the rip off thats forming up with taxes, tariffs and crypto....maybe he thinks he will n need to support the dollar itself..... Its an astonishing amount of treasuies....
No. of Recommendations: 16
Keep in mind the buy and hold forever was never meant to be taken literally. Petro China, Disney, and McDonald's have proven that in the past. The Buy and hold theory was really meant for 2 reasons. The first was that Berkshire's "IDEAL" purchase would be to buy and hold. This doesn't mean that they will always hold an equity forever. The philosophy is that they will buy and hold until the story changes (New management, Stock gets overpriced, political ) The 2nd was when a family would sell their business to Berkshire, Berkshire wouldn't buy the company and turn around and gut the company and sell it. They would keep the management and staff in place , Another example or the family or person sold it to Berkshire, the owner could run it still just like they always did but now they don't have the financial burden of said ownership( Mrs. B Nebraska furniture mart).
No. of Recommendations: 2
"I have been puzzling this also,and I recall in the banking meltdown he saw his role clearly to help america....My dark thoughts are he sees major trouble coming. when I look at crypto bro's and ho's in government now , creating untraceable and untaxable personal financial sytems , and the rip off thats forming up with taxes, tariffs and crypto....maybe he thinks he will n need to support the dollar itself..... Its an astonishing amount of treasuies...."
Oh yeah, forgot this as one of the reasons! Crypto Schmypto. A disaster waiting to happen and now they've got their hands on the levers of power. It's going to be interesting because big tech is going to go from DEI being the bane of their existence to "eat the rich". Let's see which one they like better!
