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Berkshire Hathaway

Berkshire Hathaway is the investment holding company of billionaires Warren Buffett and Charlie Munger, through which they hold their operating companies and stocks including positions in GEICO, Dairy Queen, Benjamin Moore, Coca-Cola, American Express, General Re, Acme Brick, and more. This archive displays articles that have been tagged with the phrase Berkshire Hathaway to make navigation easier for you.

Berkshire Hathaway Board of Directors Approves Share Repurchase Plan

September 28, 2011 By Leave a Comment
Berkshire Hathaway Share Repurchase and Stock Repurchase Plan

I've made no secret of the fact I've been a net purchaser of Berkshire Hathaway shares for the past year.  The valuation seemed (and still seems) absurdly low relative to intrinsic value.  Apparently, the Berkshire Hathaway Board of Directors and management agrees.1  The company is now looking at itself as the best use of the firm's cash. To the point, a few days ago, The Board of Directors of Berkshire Hathaway announced that the company may repurchase its own stock at any time the share … [Read more...]

Filed Under: Stocks Tagged With: , , ,

We Are Living in the Midst of One of the Biggest Bond Bubbles in History

September 24, 2010 By 8 Comments
McDonald's Bond Certificate Corporate Debentures

Today, I was sitting at the dining room table, drinking a cup of coffee and wearing my Brooks Brothers pajamas watching the stock market skyrocket when it occurred to me that, given the secret project and some other things going on at the business, I want to build some cash and bond reserves at one of the individual operating companies; maybe put aside money a little at a time, let it build and do something fun with it three or four years from now, like design and build a row of townhouses or … [Read more...]

Filed Under: Corporate Bonds Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Memories: Freezing in a Pumpkin Patch

September 11, 2010 By Leave a Comment
Ellie Kelsey and Mark at the Pumpkin Patch

Last fall, my sister wanted the whole family to go with her to the pumpkin patch so my niece could experience it for the first time.  Unfortunately, she kept pushing it off until it was almost winter so the pumpkin patch was going to close.  This left the only available day for a visit in the middle of a massive cold freeze with bone-chilling winds. Not having time to get dressed, I happened to have on a pullover sweatshirt, American Eagle blue jeans, and a pair of Versace prescription … [Read more...]

Filed Under: My Life Tagged With: , , ,

One of the Mansions In Charlie Munger’s Secret “Mungerville” Up for Sale

September 4, 2010 By Leave a Comment
01_1453Bonnymedetwilight

Given that I wrote about Charlie Munger so much this week (re-reading part of his biography caused him to be on my mind), I thought this was interesting ... Years ago, through a tiny property subsidiary called MS Properties (or something along those lines), that is a subsidiary of Wesco Financial Corporation, that is a subsidiary of Berkshire Hathaway, Charlie Munger decided to secretly develop a tiny bit of Southern California as a creative outlet.  His friends called this "Mungerville" but … [Read more...]

Filed Under: Real Estate Tagged With: , , ,

You Will Make Mistakes. Forgive Yourself. Move On. Start Rebuilding.

September 2, 2010 By Leave a Comment

"His son died, his marriage ended, he lost a lot of money," said Charles, Jr.  "He just walks away from that (emotionally).  Dad says to himself, that doesn't work.  Don't revisit it.  There are some things my dad could deal with better if he faced them more.  My dad, if he had a bad experience in a town, in a restaurant, he would not go back.  I'd try again." - Page 45, Damn Right!  Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe You will have failure … [Read more...]

Filed Under: Philosophy Tagged With: , , , ,

The First $100,000 Is Hardest

September 2, 2010 By Leave a Comment

"Munger has said that accumulating the first $100,000 from a standing start, with no seed money, is the most difficult part of building wealth.  Making the first million was the next big hurdle.  To do that a person must consistently underspend his income.  Getting wealthy, he explains, is like rolling a snowball.  It helps to start on the top of a long hill - start early and try to roll that snowball for a very long time.  It helps to live a long life." - Page 242, Damn Right!  Behind the … [Read more...]

Filed Under: Making Money, Saving Money Tagged With: ,

The Secret World of Brooks Brothers

September 1, 2010 By Leave a Comment

Before I "arrived" as they say, I had no idea how different clothes shopping was for men once they became successful.  Honestly, I never thought much about it but the assumption was that in terms of logistics, it would be just like shopping at Wal-Mart only with better surroundings, better service, higher quality and higher price tags.  You know, you walk into a Neiman Marcus or a Saks, look around at the merchandise, and then pay for it at a register if you were satisfied. I was totally, … [Read more...]

Filed Under: Fashion, My Life, Saving Money Tagged With: , , , , , , , , , , ,

New Wardrobe Additions for the Wedding

August 27, 2010 By Leave a Comment
Kelsey and Tyler's Wedding Gift

Aaron and I went shopping today for my sister and soon-to-be-brother-in-law's wedding gifts.  We also decided we wanted to wear something new that wasn't parked in our respective closets so we headed to Nordstrom and a few other stores. I ended up going with a modern cut lavender white stripe dress shirt with mother-of-pearl buttons and a silk bow tie in the same color family, which I will wear with a charcoal gray suit with white and faint blue pinstripes.  I took a picture so I could send … [Read more...]

Filed Under: My Life Tagged With: , , , , , , , , , , , ,

The Sugar Refiner Shares We Own Are Surprising Me (and More Portfolio Updates)

August 19, 2010 By Leave a Comment
Sugar Company Stock Certificate

I hardly ever talk about the portfolios I manage (the last time was when I added Campbell Soup to the blue chip reserve portfolio in Some Changes In the Portfolio), mostly because investment ideas are rare.  Still, I write about it to the same extent I would be willing to discuss something over coffee with fellow investors so here are some thoughts about what has been going on at Kennon Green Enterprises lately. The shares of the sugar refiner I had one of my businesses buy only 3 months ago … [Read more...]

Filed Under: My Businesses Tagged With: , , , , , , , , , , , , , , ,

The Strap on my Montblanc Star Chronograph Automatic Broke (Another Lesson in the Time Value of Money)

August 18, 2010 By Leave a Comment
Montblanc Star Chronograph Automatic Watch

When I was 22 years old, or thereabouts, I bought a Swiss made Montblanc Star Chronograph Automatic stainless steel watch from Borsheim's during the Berkshire Hathaway shareholder meeting.  I wanted something that would last, God willing, for the rest of my life and would remind me of when I was young, just starting out, and successfully building my first businesses and got to hear Warren Buffett and Charlie Munger speak to me as an owner of one of the greatest companies in history.  It was an … [Read more...]

Filed Under: My Life Tagged With: , , , , , , ,
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