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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: mungofitch 🐝🐝🐝 GOLD
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Number: of 21939 
Subject: Re: More OXY. Less Liberty.
Date: 06/18/24 3:12 PM
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has anyone kept track of the purchases (ignoring sales during the pandemic) and calculated an average price per share?

Though certainly a useful number to know, unlike some holdings a simple average price per share isn't a great guide to how well they have done so far. I think in the case of Berkshire's investment, you'd want to include all the moving parts, which gets complicated very quickly.
* The dividends are not inconsequential since March 2022, so you'd also want to estimate the after-tax dividends received to date.
* Add the after-tax benefit of the 8% interest on the preferred to date
* The in-the-money mark-to-market profit on the warrants, less a tax provision
* The premium received on the fraction of preferred stock that was redeemed to date
* The time-weighted amount of money put at risk to date: e.g., some recent purchases are profitable despite tying up money for only a few days, and the cost to exercise the warrants has not yet been disbursed.

Messy.

Jim
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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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