berkshire hathaway warren buffettbuffett warrenwarren buffett childhoodessays of warren buffett pdfbyd stock warren buffettwarren buffett best quoteswarren buffett reading listwarren buffett storywarren buffett signaturewarren buffett ukulelebeing warren buffettwarren buffett warning 2017warren buffett top bookswarren buffett willjustin sun warren buffettwhere did warren buffett go to schoolwarren buffett stock picks for beginnerswarren buffett portfolio 2018warren buffett 5 25 rulewarren buffett recommended readingwarren buffett ge stockhow many houses does warren buffett ownwarren buffett on economywarren buffett investment strategy bookhow many shares does warren buffett own in berkshire hathawaywarren buffett must read bookswarren buffett exxonwarren buffett s&p 500 betwarren buffett congressional reform act of 2017how old is warren buffett todaywarren buffett hypocritewarren buffett southwestwarren buffett how did he make his moneywarren buffett contestwarren buffett hobbieswarren buffett career advicewarren buffett. ...is warren buffett a republican or democratwarren buffett stop coddling the super richwarren buffett planned parenthoodwarren buffett recommends index fundswarren buffett techniqueswarren buffett ice cream coneshillary clinton warren buffettwarren buffett awardsdoes warren buffett own a railroadwarren buffett financial crisiswhat did warren buffett invest 13 billion inwarren buffett taxes paidpicture of warren buffettwarren buffett oil companywarren buffett assholewarren buffett approach to sell real estatewarren buffett dollar cost averagingwarren buffett cheap stockswarren buffett warren buffettwarren buffett bloomberg game changerswarren buffett readwarren buffett quotes on debtwarren buffett compounding machinehoward marks warren buffettwarren buffett online coursewarren buffett granddaughter emily greenbergwarren buffett investment portfolio 2015where does warren buffett invest his moneywarren buffett sister scholarshipwarren buffett multi level marketingwarren buffett verizonbest book written by warren buffettwarren buffett realtywarren buffett brainy quoteswhat stock did warren buffett buy 2.19 million shares ofwatch warren buffett documentarycharlie rose interview with warren buffettwarren buffett buy index fundswarren buffett quicken loans bracketwarren buffett bet index fundwarren buffett companies he owns listwhat is warren buffett investing in right nowwarren buffett biography in hindi pdf free downloadwarren buffett average rate of returnwarren buffett annual report 2011warren buffett prioritieswarren buffett new york times op edwarren buffett best investment advicesmith and wollensky warren buffettwarren buffett jimmy buffett relationshipwarren buffett billion dollar give awaywarren buffett internship23 and me warren buffettwarren buffett on indian stock marketwarren buffett jewelry store omaharc willey warren buffettwarren buffett new tech stockwarren buffett raise taxeswarren buffett list of companieswarren buffett omaha steakhousewhat kind of watch does warren buffett wearwarren buffett letter 2011books authored by warren buffettwarren buffett top 10 rules jimmy johnswarren buffett is an assholewarren buffett john boglewarren buffett 2015 stockswarren buffett video 2013warren buffett organizationwarren buffett onwarren buffett opinionwarren buffett valuation formulawarren buffett book amazonwarren buffett advice for successwarren buffett ncaa offerwarren buffett admits to $875 million mistakesocially conscious investments by warren buffettwarren buffett et l'interpr�tation des �tats financiersnest warren buffett bookwarren buffett how you should finance a carwarren buffett energy sectorwarren edward buffett youngdid pablo escobar have more money than warren buffettwarren buffett singapore citizenhow to read and learn more like elon musk and warren buffett between work and personalwarren buffett bought airlineswarren buffett on competitive advantagewarren buffett on venezuelawhat does warren buffett house look likewarren buffett rule about huggingdoes warren buffett own a jetwarren buffett address house 55th streetwarren buffett jordan furniturewarren buffett investment in indian company wall street journalcnbc bill gates and warren buffetthenry paulson, jon corzine, & warren buffett and ltcmwarren buffett cnbc cryptocurrencywarren buffett quotes about strategywarren buffett wealth over yearsinvestment books recommended warren buffettrobert kiyosaki talks about warren buffettwarren buffett motley cruewarren buffett on timing the marketwarren buffett said to send this to 20 peoplehow much did warren buffett lose in 1996warren buffett portfolio breakdowntom wilson warren buffettdocumentary like becoming warren buffettwarren buffett is known as �the oracle of� whatwarren buffett nprwarren buffett be greadywarren buffett firm invests in scottdale companywarren buffett death taxbank of america stock warren buffettwarren buffett decendentswarren buffett stock colapsewarren buffett creditwarren buffett tpp quotewarren buffett intelligent investor forwardwarren buffett non dividend stockthe warren buffett shareholderwarren buffett lieutenantdoes warren buffett invest foreignis warren buffett a filthy jewwhat to look at when buying stock warren buffettwarren buffett lunch restaurant smithwarren buffett mortgage rateswarren buffett "reading"warren buffett power companyfrases celebres de warren buffettomaha life insurance warren buffettwarren buffett 4 point checklist youtubewarren buffett trump tax planwarren buffett zincwhy is warren buffett a public intellectualwarren buffett cover letter to sare shareholderswarren e. buffett $3.6 billion giftwarren buffett math quotewarren buffett 13f 2018richard rainwater warren buffett on amazon audiblewarren buffett 116 billionwarren buffett memoirwarren buffett 4 filterwarren buffett empathywarren buffett daily web bizwarren buffett, at berkshire meetinglive oak homes warren buffettwarren buffett on sprintwarren buffett make money sleephow warren buffett invest mutual fundswarren buffett residential real estate best investmentwarren buffett end the deficit in 5 minuteswarren buffett scedulehow warren buffett chooses stocks without looking at the numberswarren buffett newspaper testamazon biography of warren buffettwarren buffett turns power and prestigewarren buffett intelligencewhat does warren buffett say about universal index fundswarren buffett stock sale 9/11 he is a scumbagwarren buffett of resumeswarren buffett on security analysiswarren buffett secret millionaires club the fashion bottwarren buffett biography juan paulobama warren buffettsecurity analysis warren buffett epubwarren buffett how to win friends and influence people bookwarren buffett majority ownershipwarren buffett quote on facebookwarren buffett and hillary clinton videowarren buffett reasons for successwhat majors if you want to become warren buffettwarren buffett on tradewarren buffett market manipulationlearn about warren buffettwarren buffett took big loss on energy companyto have a lunch with warren buffett is how muchwarren buffett trianglemr warren buffett raymond tusk is warren buffettwarren buffett john mccainmy warren buffett biblewarren buffett blood diamondswarren buffett otc derivativeswarren buffett mealwarren buffett march madness cardinalsamazon warren buffett prescription� prem watsa � �canadian warren buffett�warren buffett what % to savefake warren buffett joseph osmanwarren buffett stock market crash predictionwarren buffett debatewarren buffett twitter surround yourself2018 warren buffett stock event in omaha nebraskawarren buffett intelligence psychologywarren buffett 10 year rulewarren buffett on independent director quoteswarren buffett astrid 2019bill gates, trillionaire? warren buffett shows how it will happenyoutube warren buffett ebitdawarren buffett momentum investingglobal atlantic warren buffettwarren buffett insane to riskwhich vanguard funds does warren buffett invest inodds of winning warren buffett nationwide contestwarren buffett and charli emunger bobbleheadswarren buffett office kiewit plazawarren buffett percent returnwarren buffett comments on obamawarren buffett etf holdingswarren buffett bohemian grovewarren buffett how much has he donatedwarren buffett buying bert ogden mcallen txlearning is the greatest gift to give warren buffettwarren buffett actuarywarren buffett air leasewarren buffett leaving money to charitywhich airline should warren buffett buydoes warren buffett have private security guardsthe warren buffett of bostonwarren buffett policital partywarren buffett insurance quorawarren buffett key ratioswarren buffett on taxes for the wealthywhat tax laws does warren buffett use to his advantagekent baleevit warren buffettwho is warren buffett? how would you describe the business of berkshire hathaway? courseherowarren buffett rental housingwarren buffett march madness winnerswarren buffett bet yahoowarren buffett investment allocation advicewarren buffett will sell coca coclawarren buffett omaha annual meetingthe giving pledge warren buffett contactwarren buffett on insurance companieswarren buffett larry kingwarren buffett dogecoinwarren buffett wife?hbo special on warren buffettwarren buffett quote about investing in addictionfundraiser for warren buffett at ventura ca yacht clubwarren buffett highest income per minutewarren buffett 1965america's top warren buffettwarren buffett investments wikipediawarren buffett regarding management feeswarren buffett puts cash reserves in tipsis warren buffett brokedid warren buffettwarren buffett it's better to buy a great businesswarren buffett hq twitter you will continue to sufferberkshire hathaway annual meeting with warren buffettwarren buffett and abortionwarren buffett john neff templetonwarren buffett contributions 2016what was the first stock warren buffett ever boughtwarren buffett of wall streetwarren buffett 13f streetinsider march 2017warren buffett haircutwarren buffett granddaughter weddingwarren buffett bert ogden mcallen txwarren buffett tax donalt trumpwarren buffett stocks track real timewarren buffett et l'interpr�tation des �tats financiers gratuitwarren buffett, stock market worth more than the gdp of usanoam chomsky on warren buffettwhy is warren buffett such a douchebagwarren buffett eatsbook the warren buffett way freehow does warren buffett budgetfact check warren buffettwarren buffett lobbies for iran agreementwarren buffett huffpostwarren buffett clevelanddoes warren buffett endorse "global cash code"warren buffett issueswarren buffett security guardshow many hours per week does warren buffett work23andme warren buffett voicebest index funds according to warren buffettthe office warren buffett episodewarren buffett when a lady says no she means maybewarren buffett filingwarren buffett 2010warren buffett - hbo documentary scriptherbalife warren buffettwarren buffett if he paid a wealth taxwhat oil stock does warren buffett ownis 50 too late to start investing like warren buffettwarren buffett vs betsy devoswarren buffett coke cola stockswarren buffett cbrewarren buffett marry richwarren buffett best returns 1950sbusinesses warren buffett ownswhere do you fill out warren buffett bracketwarren buffett orders dairy queenebay power lunch with warren buffetthow smart is warren buffettthe secret millionaire warren buffettwarren buffett rumorswarren buffett transformational leaderdinner with warren buffett cost?warren buffett new year advicewarren buffett adulterythe snowball: warren buffett and the business of life the warren buffett waywarren buffett making decisionwarren buffett vegetarianwhy doesn't warren buffett invest in real estatecan warren buffett play any instrumentsfollow warren buffett portfoliowarren buffett bibliographywarren buffett real estate las vegas 2016warren buffett next acquisitionwhat does warren buffett think about global warmingwarren buffett on socialismwarren buffett 1000 dollarswarren buffett mk ultrawarren buffett bio love life"warren buffett's management secrets" - warren buffettwarren buffett tournament challenge who can playcopy warren buffett 13f berkshire hathawaywarren buffett billion dollar bracket ruleswarren buffett romanticismwhen did warren buffett make his first millionben graham vs warren buffettwarren buffett clipartreddit how is warren buffett so successfulwarren buffett new railroadwarren buffett "i will retire" chicago cubsgetting help from warren buffettwarren buffett born in americawarren buffett first interviewwarren buffett reversion to the mean quotewarren buffett on index fundwarren buffett bloodinvestor warren buffett goldbecoming warren buffett hbo peoplehidden assets warren buffettwarren buffett arbyswinning ncaa bracket warren buffettessays of warren buffett tieng vietwarren buffett cash assetsessasys of warren buffettwarren buffett wealth chart timelinewarren buffett annual compound ratewarren buffett on the stock market nowwarren buffett fixing the deficitportafolio de warren buffett ultimas inversiones.warren buffett recession quotewarren buffett march 2017warren buffett investment in windmillwarren buffett real estate investing quotesat what price warren buffett bought appleis warren buffett a socialist?warren. buffett hugely beneficial social effectwarren buffett quotes shadewarren buffett newellwarren buffett/warren buffett drakewarren buffett suits pricecomo ser warren buffett legendado youtubeyoutube warren buffett bill gateswarren buffett saving money july 2017alabama project warren buffettcnbc warren buffett loseswarren buffett and consumptiowhat warren buffett says about torchmark gemet interview with warren buffett0:08 / 1:30 warren buffettwarren buffett supports pipeline railroadwarren buffett partnership certificate gurufocuswhen did warren buffett get out of geproposed constitutional amendments by warren buffettwarren buffett bought weicherthow many cattle ranches does warren buffett ownwarren buffett sells ibm stockwarren buffett quotes consistent earningswarren buffett buy synchrony financialmr. warren e. buffett net worththe essays of warren buffett quizzeswarren buffett snowball effectwarren buffett charting strategieswarren buffett internet is not going to lastrecent stocks warren buffett soldwarren buffett america expressbrackets warren buffettwarren buffett invests 5 billion in bank of americawhat does warren buffett read in the moningwarren buffett interview on cnbc 8/21/17warren buffett pay off mortgagedoes warren buffett own see's candywarren buffett a ceo who retains 10%warren buffett valeant value trapwarren buffett 25% of the profits over 6% per annumwarren buffett class a stockwarren buffett autonomy quotewarren buffett invest in uberwarren buffett speech with hillarywhere will warren buffett invest his money when he diedwarren buffett three mile island companypcc airfoils warren buffettwarren buffett retroactive immigrantwarren buffett builderbergwarren buffett supports tax increase on wagesindex fund warren buffett recommends 2018warren buffett land companies makes no sensewarren buffett coal investmentwarren buffett audiobook investmentdthe tao of warren buffett espa�olpdfwarren buffett has asked billionaires to give money away their fortunes:where does warren buffett grocery shopwarren buffett eftwarren buffett fund manager betwarren e. buffett scam emailkatherine graham and warren buffettwarren buffett quotes on wealthwarren buffett advisewarren buffett bid amadakodoes warren buffett own the oil railroadswarren buffett discussion questionswarren buffett at 31 years olddoes warren buffett still investwarren buffett best way to investwarren buffett daughter charitywarren buffett compilation investment strategywarren buffett farnam streetcomo invertir para generar riqueza warren buffett pdf gratiswarren buffett arbitraje rankia moodymadoff warren buffettwarren buffett nudehow warren buffett analyse stocks bookswarren buffett stocks under $10warren buffett redistribution of wealthwarren buffett buys simcomhow does warren buffett avoid dividend taxeswarren buffett warning for 2017warren buffett franchise characteristicsstock ideas from warren buffettwarren buffett negotiation stylewarren buffett bni buyingbill gates warren buffett jeff bezos yslwarren buffett two books a daywarren buffett full 3 hour interview youtubewarren buffett take care of body mindwarren buffett financial stocks holdingethnicity of celebs warren buffett ethnicitywarren buffett when there is blood in the streetsbecoming warren buffett hbo trailerrecent buys,warren buffettcigar buds warren buffettwhen warren buffett opened first partnershipwhich newspapers does warren buffett readwarren buffett on eushirley munger and warren buffettwarren buffett is he on twitterwhy index funds beats managed funds warren buffettwarren buffett payroll taxeswarren buffett democratethe will and yestament of warren buffettis warren buffett the bestwarren buffett net jetsbuffett warren 90%warren buffett in his 30'swhat is warren buffett holdingwarren buffett says that after the clash of economy trsansportation will rise againhow much should you invest in international stocks warren buffettwarren buffett coupons lburlington railroad warren buffettwho helps warren buffett make decisionsvanguard 500 index fund admiral shares warren buffett million dollar betdon keough warren buffettwarren buffett on the cfawarren buffett jokes about getting a bigger burgerwarren buffett predictions for economywarren buffett ruined everythingwarren buffett real coinwarren buffett aretha franklincareer challenges for warren buffettwarren buffett "meritocracy"warren buffett in habits speechwarren buffett shareholder meeting datewhat is the best stock that warren buffett purchasedwarren buffett balack and whitehow to ask money from warren buffettwarren buffett debt quoteswarren buffett main stockswarren buffett where he gets investment infowarren buffett beating the marketwarren buffett sanders fusion memewarren buffett letter to the shareholderswarren buffett quote librarianswarren buffett recommened bookswarren buffett on mobile appswarren buffett 2016 ncaa bracket sign upwarren buffett 13f recent changeswarren buffett scoreboardwarren buffett rule of goalswarren buffett graduate degreeprem watsa warren buffettwarren buffett black lives matterwarren buffett savings account5 tips from warren buffettshaw flooring warren buffetthow much money did warren buffett donates to charitywarren buffett loves oreoswarren buffett has tagswarren buffett greensboro, n.c.-based apparel maker vf corp.larry page like warren buffettwarren buffett and walmart stockeseje warren buffetta: lekce pro korpor�tn� ameriku (warren buffett)how to save money tips warren buffettwarren buffett fund for helping people in needwarren buffett valuation methodwarren buffett kidnappingwarren buffett balance sheetlawsuits against warren buffettwarren buffett modern portfolio theorywarren buffett says his success is due to 1 thingwarren billionaires - buffettwarren buffett current marketwarren buffett facebook post 2016warren buffett once saidwarren buffett alive12. what did warren buffett think about the prudhoe bay disasterjames altucher on warren buffettaxalta and warren buffettwarren buffett cashless societywarren buffett company ownedwarren buffett sp 500 betwarren buffett stanfordwarren buffett investment fund termshow warren buffett analyse stocksdoes warren buffett look at chartsacorns app warren buffettwarren buffett susanwarren buffett quarter buys 3rd quarterwarren buffett temporary chairman of goldman sachswarren buffett exposes hedge fundswhy did warren buffett bought petrochinawarren buffett stock picks march 2016warren buffett made 60% per year for 5 or 6 years investing his own capital in the early 50�s).warren buffett bankrupwhy warren buffett is sitting on cashhow many great grandchildren does warren buffett havesparknotes the warren buffett waymr warren buffett.warren buffett certificationswarren buffett how much money made 2017warren buffett travel planewuen did warren buffett give away all his monrywarren buffett truckingwarren buffett youtwarren buffett son agriculturewarren buffett 2005 income billionwarren buffett recently bought another 72 million shares of this stockwarren buffett saving money percentagewarren buffett xm stocksharvard rejected warren buffettwarren buffett epswarren buffett interview on cnnyang presidential candidate warren buffett commentwarren buffett signed book by billwarren buffett has a better idea to fix income inequalitywarren buffett march madness bracket for moneywarren buffett same' housewarren buffett buy pioltwarren buffett posingwarren buffett direct selling company purchased pampered chefwarren buffett happiness quotewarren buffett on donld trumpwhat ethnicity is warren buffettwarren buffett got rich by downsizing companieshow much of oracle does warren buffett ownwarren buffett zodiac signwarren buffett take on bitcoinwhat is warren buffett earning right now2016 warren buffett letter to shareholderswikipedia.org warren buffett2. warren buffettwarren buffett fixed index annuitieswhat would warren buffett only pays 7 per share to buy bank of americawhat enneagram is warren buffettwarren buffett got richnumber of times warren buffett has filed for bankruptcyhow much does warren buffett made each yearwarren buffett explains value"warren buffett" "tells cnn" "trouble on the horizon for us economy"warren buffett is a ruthless bastardwarren buffett stock purchase recenthow to invest like warren warren buffettwhat does warren buffett do for livingwarren buffett read a bookwarren buffett doesn't like private equitywarren buffett stock tips 2018craig jelinek and warren buffettredstatewatcher warren buffett sonwarren buffett says he spends 80 percent of his time readingsmall cap index investing warren buffettthe winning investment habits of warren buffettstocks that warren buffett invests inwarren buffett rules don't lose moneywhat makes warren buffett warren buffett business insiderwarren buffett giving 1 billionintrinsic value calculator warren buffettwarren buffett zodiacwarren buffett coca cola 70 year dividendwarren buffett congressional reform act of 2013warren buffett belly art project paintwarren buffett class a shareswarren buffett speaks on kirbywarren buffett citationted cruz healthcare warren buffettwarren buffett economics degreewarren buffett son footballwarren buffett empire preys on poorwarren buffett what to investwarren buffett do what you lovepotash warren buffettwhat is warren buffett emailwarren buffett 2 listswarren buffett warns anderson and america about the global fallout from brexitjoe oz warren buffettwarren buffett without resources and infrastructurewarren buffett growth indexwarren buffett native am oklahoma 2016warren buffett wife funeralbill gates warren buffett columbia university slaverywarren buffett online bookswarren buffett market value per sharewarren buffett takes noteswarren buffett protogetswarren buffett 30 goalswarren buffett masters in economicswarren buffett paintingvaluing stocks the warren buffett waywarren buffett invested in cyber securitywhich investments made warren buffett the most moneywilliam buffett -warrenwhat investments made warren buffett richwarren buffett socialist fox newswarren buffett tried to buy all silver coinswarren buffett donation amountwill warren buffett buy gepsychology today warren buffett planningwarren buffett on apple earnings today cnbcwarren buffett finance book recommendationspsx and warren buffettwarren buffett about insurance collapsewhen did warren buffett become a chief executive officer of berkshine hathawaywarren buffett office homewarren buffett tikun olamcharlie rose show warren buffettwarren buffett ncaa challenge oddsif warren buffett tips for youtheggs in one basket warren buffettwarren buffett bio stockdoes warren buffett like trumpwhat warren buffett is leaving outwarren buffett tax rates\warren buffett heaven charitythe essay of warren buffett kindle freeliberal warren buffettwarren buffett on john templetonwarren+buffett+basculaswarren buffett how to evaluate a bankwhere does warren buffett say i can get 8% interest in my moneywarren buffett brazilwarren buffett greenlandoccidental investment made by warren buffettmimic warren buffett portfolioaxp warren buffett stock pricewarren buffett student loanwhen was warren buffett the ceo of salomon brotherswarren buffett best annual reportswharton warren buffettwarren buffett marktausblickwarren buffett 9 cokeswhy did warren buffett invest in byd companywarren buffett mergerwarren buffett being born into poverty quotewarren buffett total market cap gdpis warren buffett politically biasedwarren buffett laguna beach house bloombergobama has made warren buffett billionaire richerwarren buffett owns candyquotes about israel warren buffetthas warren buffett invested in indiawarren buffett duracellwarren buffett fakehqwarren buffett cheapskatedid warren buffett say i could end the deficit in five minswarren buffett imposterwarren buffett commercialwarren buffett owns liberty mutualwhat did warren buffett businesstesla stock warren buffettwarren buffett annualized rate of returnwarren buffett to public speakingwarren buffett is not a good persowarren buffett polywarren buffett powerpointrwarren buffett invests in canada, but should you? by gretchen morgensonwhy did warren buffett sell at&twhen bill gates first met warren buffettwarren buffett wells fargo ceowarren buffett plays bridgeconocophillips stock warren buffett buy pricenpr news warren buffett index fundwarren buffett lives in same housewarren buffett in the office tvmises warren buffett crookwarren buffett invest in cigarette alcohol and coffeecompanies warren buffett has boughtwarren buffett $1 million dollar betmost updated top ten list of warren buffettwarren buffett inflation protectionaflac warren buffettwarren buffett how he got startedwarren buffett porfolio by quarterwarren buffett"s wifeamerican express warren buffettwarren buffett american magnatewarren buffett 80 20warren buffett behind on taxeswarren buffett swears about cryptocurrencywarren buffett honeywellwarren buffett on distressted companieswarren buffett busineszrail purchases warren buffettwhere did warren buffett get his money fromwarren buffett signal to noisewarren buffett he doesn't think he is infalliblewhen will warren buffett speak in 2018success warren buffettwarren buffett life rate of returnwarren buffett hits back at trumpwarren buffett 12 graham doddsvillewarren buffett to buy walmart transportationgoldman sachs warren buffett portfoliowarren buffett recommendedwarren buffett narozeninywarren buffett stock portfolio through timeken chenault warren buffettintegrity + warren buffettwarren buffett 2017 booingwarren buffett and mlmkpmg technology advances threat warren buffettwisdom from warren buffett msnbcwarren buffett pledges to give his wealth awaydoes warren buffett like coke or pepsiwarren buffett how to fix social securitywhich computer does warren buffett ownwarren buffett on cost cuttingwarren buffett drink diet cokewarren buffett hillary clinton will winwarren buffett billion dollar perfect bracketput all your eggs in one basket warren buffettwarren buffett li�oesnassim taleb warren buffett charlie munger currency forexwarren buffett has own jetwarren buffett says economy okhillary keystone warren buffett railroad moneyeg warren buffettwhat does warren buffett say about trumps tax planwarren buffett fired the guyhow warren buffett sells optionswarren buffett characteristics of a good corporate leaderwarren buffett portfolio oilwarren buffett rich investorswarren buffett biography i n spanish
Buffett cut his Apple stake by 3% in Q3, potentially
because it simply keeps growing and bigger. Even after shedding 36. 3
million shares, Apple represented
practically 48% of Berkshire's total portfolio
worth, up from 44% in Q2. Warren Buffett took his first bite in early 2016, and the iPhone maker has actually
given that ended up being
Berkshire Hathaway's single-largest holding.
The holding business owns 5. 4% of all AAPL shares
exceptional. Just Vanguard and
BlackRock giants of the passively handled index fund universe
hold more Apple stock. Lowered stake
36,095,570 (-5% from Q2) $3. 09 billionBuffett when
again cut its position in (DVA, $113. 14), which was
unchanged for years
Then it cut another 5% in Q3. DaVita serves patients
via more than 3,000 dialysis centers in the U.S.
and 9 other nations. Aging infant
boomers and a graying population in many
industrialized markets should
offer a strong, nonreligious tailwind.
Berkshire divulged its preliminary
position in DaVita throughout 2012's first quarter.
Weschler validated as much in 2014. DaVita's shares
have actually underperformed the S&P 500 by about 7
portion points because
Q1 2012, so it's not awfully
surprising that Berkshire is slowly
relaxing its stake. Minimized
stake 18,010,000 (-6% from Q2) $378. 4 million (LBTYA, $22. 50) and
(LBTYK, $21. 85) are 2 of several Berkshire
bets on communications and media companies
whipped up by billionaire dealmaker John Malone.
Berkshire's investment in the Class A shares
dates to the fourth quarter of 2013. It picked
up the Class C shares, which have no ballot power, in the
first quarter of 2014. Nevertheless, in Q3,
Warren Buffett trimmed a little bit of his
Class A stake, shedding 1. 6 million shares, or approximately
6% of the position.
That said, Liberty Global did extend its
global partnership with
Netflix (NFLX) previously in 2020.
Lowered stake 378,390,000 (-6% from Q2)
$18 millionBerkshire has actually made several de facto bets on legendary pay-TV magnate
John Malone. (LILAK, $11. 70) and (LILAK, $11. 72) shares are the
tiniest of those. Liberty Latin America
supplies cable, broadband,
telephone and wireless services in Chile, Puerto Rico, the
Caribbean and other parts of Latin America.
Buffett cut his holdings of Class A shares by 6%, or
roughly 160,000 shares, in Q3.
Minimized stake 2,919,613 (-35% from Q2)
$268. 9 million (MTB, $126. 92) is a local bank that
runs more than 700 branches in 8 states,
including New york city, Maryland and New
Jersey, in addition to Washington, D.C.
These qualities have actually endeared Warren Buffett to the bank
for a long time. After all,
Buffett has a soft spot for well-run, unassuming
organizations. And he
regularly mentions the
importance of management talent when it
pertains to deciding where to invest. He
certainly was a fan of M&T Bank's late CEO.
"Bob is an extremely smart
man and he has a lot of
good observations," Buffett stated. No
wonder, then, that MTB
had been a member in great standing of
Berkshire Hathaway's equity portfolio because 2001. But his love for MTB, like
other bank stocks, has waned
considerably in 2020. Buffett cut his position
by 15% during the second quarter, and he hacked away
another 35% throughout Q3 almost 2.
Reduced stake 12,000,000 (-42% from Q2)
$337. 3 millionWarren Buffett is the farthest thing from a gold bug. "It
does not do anything however sit there and look at you," he's been known to state.
But holding gold as a property class
isn't the exact same thing as buying a gold miner such as (GOLD, $25.
Buffett initially purchased GOLD in Q2, which was
relatively out of character. But
there's a distinction in between owning gold
and owning GOLD.True, mining stocks are delicate to the
price of whatever commodity they are digging out
of the ground. But a minimum of they produce
something: capital. When it comes to Barrick, it even pays a little dividend.
The remaining position accounts for simply
0. 15% of the portfolio, making it a minimal Berkshire
holding. Minimized stake 127,380,440 (-46%
from Q2 2020) $3. 0 billionWarren Buffett plainly is
sick of (WFC, $24. 90) the
nation's fourth-largest bank by
properties. Wells Fargo, which has actually
been in the Berkshire portfolio considering
that 2001, has actually developed
into a weight around Buffett's neck because 2016, when many scandals bubbled to
The clean-up procedure has been
slow, and it has actually declared not one
however 2 CEOs. WFC stock, meanwhile,
has actually lagged its peers for rather a long
time. Buffett has offered off Wells Fargo
shares in many quarters considering
that the start of 2018. While many of the previous sales appeared to be regular paring
on the position to keep it listed below a regulatory 10% optimum ownership limit for banks,
Buffett discarded more than 55 million shares, or
nearly 15% of his position, at the end of last year.
6 million shares, or more than a quarter of the remaining
stake. In the third quarter, Berkshire cut the position by another
46%. Minimized stake 1,919,827 (-64%) $211
millionBuffett's bank-stock dump continued with (PNC, $126. 29).
Berkshire's position fell by 3,430,759 shares, or 64%, in Q3. It's
quite the turnaround of fortune for PNC, which
looked like it was acquiring favor in
the Berkshire Hathaway portfolio.
Buffett upped Berkshire Hathaway's stake by another 4% in Q1 2019. And
he included another 6%, or 526,930 shares, to begin this
year. However times modification. Buffett lopped off 3. 9
million shares, or about 41%, from his PNC position in Q2, then
reduced it by almost
two-thirds in Q3.
At the 1995 Berkshire Hathaway yearly conference, he
said the market "falls within our circle of
proficiency to assess."
However 2020's discomfort in the monetary
sector has actually forced the Oracle's hand.
Minimized stake 967,267 (-95% from Q2) $93.
1 millionBuffett has actually been paring back on bank stocks for
a number of quarters now, and (JPM, $117.
Buffett cut Berkshire's stake by 95%, selling 21. 2 million
shares. JPM now accounts for simply 0. 04% of
Berkshire's portfolio, below 1. 03% a few
months ago. It's such a slim position that BRK.B is
basically done with the bank.
Buffett first purchased a stake two years
earlier, but obviously it didn't go
according to strategy.
The two have partnered with Jeff Bezos, chairman and
CEO of Amazon. com (AMZN), to form a healthcare
effort intended to improve
protection and lower expenses. Dimon and Buffett
also have actually collaborated to decry
the practice of offering quarterly
revenue forecasts, saying
"short-termism is injuring the economy."But
banks have fallen out of Uncle Warren's favor, a lot of the JPM stake had to all but go.
79) wasn't a big part of Berkshire's portfolio, however
it was long-held name. The warehouse club
signed up with the ranks of the Buffett stocks way
back in the first quarter of 2001, to be
accurate. In the 3rd quarter,
nevertheless, Buffett decided to get out of
the Costco company
totally, offering the
whole of Berkshire's 4,333,363 shares.
Buffett was quite pleased with the
business in 2015, when he extolled
Costco's Kirkland store-branded products on CNBC.Perhaps it was
time to go out while the getting was excellent.
Costco stock is up nearly 33% in 2020. Contributed to stake 1,430,197 (+4% from Q2 2020) $11. 6 millionAs
we pointed out previously,
Berkshire unloaded a bit of its Liberty Latin America
stake by dropping some Class A shares throughout Q3.
Whatever the reason for these opposing tweaks, the
initial appeal of John Malone's homes is obvious: Malone is a leader in the telecom market and a
multibillionaire himself who has actually
developed outsize worth for
investors over his long profession. Game understands game. Added
to stake 80,000,000 (+7% from Q2 2020) $2.
13), the world's fourth-largest automobile
maker by production, in early 2012. And he
should've seen something he liked. He upped Berkshire
Hathaway's holdings in 2018 and 2019, and he has actually
simply contributed to the stack
once again. Buffett bought an extra
5. 3 million shares in Q3, which brought his overall to a cool
80 million shares on the dot.
Berkshire's stockpile now represents 5. 5% of all GM
shares outstanding. General Motors has constantly looked like a
traditional Buffett worth bet. After all, there are
fewer American brands more renowned than
GM. He also has sung the praises of
CEO Mary Barra on numerous
occasions."Mary is as strong as they come,"
Buffett has said.
The stock is beating the marketplace in 2020, which's regardless of GM suspending its
dividend in late April. Added to stake
85,092,006 (+9% from Q2 2020) $1. 01 billion (BAC, $27. 58), the
nation's second-largest bank by
possessions, remains the crown jewel
of Uncle Warren's financial sector holdings. Buffett's
interest in BAC go back to 2011, when he
swooped in to shore up the
firm's finances in the wake of the Great
Recession. Carmakers have
actually been hit hard by coronavirus shutdowns:
Dealerships are closed, factories are idle and
consumers' wallets are shut. Anticipate to see more
on the damage from tomorrow and on Wednesday. Streaming is up,
but advertising is down: (tomorrow) and (Thursday)
ought to describe the
results on their latest
incomes. Stay-at-home orders
provide individuals more time for computer game, as reports from and tomorrow and on Wednesday are
anticipated to show.
end the week on a grim note. Weekly data on
joblessness claims on Thursday enhancing,
however still dreadful are followed on
Friday by regular monthly employment
information. Experts state the April numbers
could reveal a decline of more than 20
million tasks and an unemployment rate around 16
percent. Other noteworthy business reporting
revenues today include,,,,,,,, and.
7 billion into business.
(TechCrunch) U.S. and European banks are on track to book more than $50
billion in provisions for bad loans. (FEET) Jeff
Bezos, Amazon's C.E.O., was contacted us to affirm
prior to Congress as part of an antitrust
examination. One of the business's
fiercest critics is Agent Pramila Jayapal, the Democrat
who represents much of Seattle, Amazon's home.
(WSJ) Bankers overwork even after they leave banking.
(eFinancialCareers) There's a work on Japanese
toilets. (FEET) We 'd love your feedback. Please email
thoughts and ideas to.
By Jody Chudley Initially published July 14, 2020
on Wealthy Retirement After sitting back and
not doing anything through the
March stock exchange crash, Warren Buffett has
actually lastly bought something And it's BIG!
Buffett watchers have been dying to see
which beaten-down sector he would swoop into to lock down an impressive bargain.
At the depths of the financial crisis, he made
dazzling financial investments in
business like (NYSE: BAC), (NYSE: GS) and (NYSE: GE) at
incredible terms for Berkshire. So
where did Buffett dump a few of Berkshire's
$137 billion war chest this time? Pipelines more
specifically, gas pipelines. In a recent announcement, Berkshire consented to spend about $10 billion to
obtain Rule Energy's natural gas
transmission and storage service.
7 billion of financial obligation that is connected to the
pipelines. That is how we get to the $10 billion cost.) Even for Buffett, that's a significant portion of
change. For $10 billion, Buffett will get 7,700 miles of
natural gas pipelines and 900 billion cubic feet of
Dominion-operated natural gas storage.
Once the offer closes, Berkshire will
bring 18% of all the interstate gas transmission
volumes in the country, up from the 8% that the
company presently carries. If you are
utilizing gas to power your home, there is
now an 18% opportunity that it got there
through among Warren Buffett's pipelines.
The most amazing description that
I have actually seen is that in purchasing these gas possessions, Buffett is making a
huge bet on the electrical cars and
truck. The argument is that the coming electrification of American
automobiles will juice the demand for
gas that goes to electric power plants. While
I believe there is some truth to that, I
believe the rationale for this purchase is much
With gas prices at a 25-year low, the
rate was attractive. The cash
flow that these assets
produce is recession-proof. By obtaining these
properties, Buffett is taking $4 billion of
money that was being in the bank and
earning nothing and putting it into these
natural gas assets that
It is crucial to note that the
assets that Buffett got
involve moving and saving
gas. Buffett is not entering
the production or extraction of natural gas, which would
involve taking on product
price danger. There's a huge
distinction. What Buffett bought
predictable cash flow. The
create that cash flow
by charging a fee for permitting
business to carry their natural
The gas being carried is
used to provide electrical energy, the need for which is
extremely foreseeable. Consumers
require power for heating and cooling no matter what the economy
is doing. For Buffett and Berkshire, the capital that these assets
produce is practically
recession-proof. The contracts with
customers are likewise long term.
As financiers, we ought to be
emulating what Buffett is doing. He isn't
swinging for a crowning achievement here. He's
taking a swing at a pitch that he understands he can
pinch hit a single or double. Like Buffett, we
need to be developing
steady streams of earnings that
supply cash flow no
matter what is occurring worldwide.
Buffett's acquisition of these properties
shows that not every great
financial investment has to settle
big rapidly. Great
investments are likewise those that settle progressively over time. Great investing, Jody Jody
Chudley is a Contributing Expert to Wealthy Retirement. He is
a certified accounting
professional with twenty years of
experience in the international banking and hedge
fund markets as a monetary expert.