No. of Recommendations: 3
Hey Folks,
I have been following BRK for a number of years and have not been a LTBH holder, but have profited from my investments in BRK over the years. With all of the chatter about short term purchases and sales (LTBH is dead?) I was wondering if there was anywhere where one could find a list of every stock acquisition and sale that BRK made going back in time. That might be an interesting and informative list!!
I checked WEB's website but they do not have such a resource. I guess you could pour through each Annual Report but that would probably involve quite a bit of research.
Here's a personal anecdote. I worked for Gillette IT a couple of times in my career. Both as a consultant and employee. It was a great organization, HQ in downtown Boston, and I had the opportunity to work with a bunch of very smart people. I also met my wife of 36 years while working there. I think it was back in the late 1980's, that Ronald Perlman was trying to raid Gillette and Gillette management rebuked the offer.
https://pink.pharmaintelligence.informa.com/PS0110...Instead, Gillette management worked with Warren Buffet to take a controlling interest in the company which pushed Perlman out (or something like that).
Anyway, later in my Gillette career, I had the opportunity to meet with Upper Execs in the Corporate Boardroom. I was pretty impressed... One of the Execs told me that I was sitting in Warren's seat. YIKES!!!
I wanted to check the seat for loose change, but only made a joke about it.Once Warren had a controlling interest in the company, he brought in Jim Kilts as CEO who really polished up the Balance Sheet and guided the later acquisition of Gillette by P&G. Part of that deal was that Warren was required (as part of the agreement) to comment favorably on the acquisition of Gillette by P&G and that he was not going to liquidate his P&G holdings that he gained through the deal.
https://markets.businessinsider.com/news/stocks/wa...I had an opportunity to work with the P&G folks for a number of years until they put the pressure on me to re-locate to Cincinnati to join their Executive training program. No thanks!!!!
BRK is back on my watch list but I'm waiting for a better entry point - somewhere around 270.
'38Packard
--> Nothing against Cincy - just bad timing and I'm a New Englander at heart! 