Christopher Bloomstran

Berkshire Hathaway Review and State of Value

-Overall the market is still not cheap, even following
-Nowhere near a secular low.
-Fed increasing rates with repercussions. More ripple effects to come? Far from out of the woods.
-On Berkshire:
--Absent BAC, BRK exited from a number of banks that were in the investment portfolio. Too much risk.
--More thoughts on Berkshire's investments in OXY and Chevron. Doubts they are long term investments.
--OXY - Buffett likes their management the Permian. Carbon capture(argues most will be paid by the taxpayer.
--Investment in Berkshire - Bond like. Knowable, durable, predictable.
--Best insurance business.
--Alleghany - Stole it. Operating business spiked in profitability last year.
--Berkshire has more than a 1/3 of global reinsurance business.

more..

YouTube: Value After Hours S05 E12 Christopher Bloomstran, Berkshire Hathaway Review and State of Value (The Acquirers Podcast)