Sep 302016
 

I am quoted in this Omaha World-Herald article on Berkshire Hathaway:

“Berkshire’s return over the past five years has been closely approximating the total return of the S&P 500, as its large size makes it more difficult to outperform the S&P 500,” said David Kass, a business professor at the University of Maryland and Berkshire scholar and shareholder. “However, Berkshire’s superior senior management, businesses, and its current and future investments make it likely to continue outperforming the S&P 500 over time.”

 

 Posted by at 9:24 pm
Sep 202016
 

Berkshire Hathaway’s (NYSE: BRK.A, BRK.B) Todd Combs has been elected to the Board of Directors at JPMorgan Chase (NYSE:JPM), effective September 19.

Prior to joining Berkshire in 2010, Combs was the founder and CEO of Castle Point Capital.  Combs, along with Ted Weschler, each manage about $9 billion for Warren Buffett.

 Posted by at 8:02 am
Sep 192016
 

In an SEC Form 4 filing after the market closed on September 19, Berkshire Hathaway (NYSE: BRK.A, BRK.B) reported that it added $1.4 million to its stake in Phillips 66 (NYSE: PSX) on September 15 at an average price of $77.53 per share.  Berkshire Hathaway now owns 80.7 million shares of PSX, representing 15.4% of its outstanding shares.  Berkshire’s PSX investment is valued at $6.5 billion at the September 19 closing price on the New York Stock Exchange of $80.35.   Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.

 Posted by at 8:50 pm
Sep 142016
 

In an SEC Form 4 filing after the market closed on September 14, Berkshire Hathaway (NYSE: BRK.A, BRK.B) reported that it added $78.8 million to its stake in Phillips 66 (NYSE: PSX) on September 12, 13, and 14 at an average price of $77.21 per share.  Berkshire Hathaway now owns 80.7 million shares of PSX, representing 15.4% of its outstanding shares.  Berkshire’s PSX investment is valued at $6.2 billion at the September 14 closing price on the New York Stock Exchange of $76.97.   Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.

 Posted by at 9:25 pm
Sep 062016
 

In an SEC Form 4 filing after the market closed on September 6, Berkshire Hathaway reported that it added $6.4 million to its stake in Phillips 66 (NYSE: PSX) on September 1 at an average price of $77.86 per share.  Berkshire Hathaway now owns 79.7 million shares of PSX, representing 15.2% of its outstanding shares.  Berkshire’s PSX investment is valued at $6.3 billion at the September 6 closing price on the New York Stock Exchange of $79.11.   Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.

 Posted by at 9:32 pm