Tag: Buffetts

Warren Buffett’s Snowflake, Barrick Gold bets signal new strategy

  • Warren Buffett’s Berkshire Hathaway has made surprise bets on Barrick Gold and Snowflake in recent months, clashing with the investor’s past warnings about gold, tech stocks, and IPOs.
  • Berkshire’s bosses may be pursuing smaller, more frequent investments and cashing in on corporate actions, Brian Gongol, a longtime Berkshire shareholder, told Business Insider.
  • “I wouldn’t be surprised if Buffett, Weschler, Combs, and Ajit Jain all got on the phone and had a talk where they decided to ‘think small’ with some fraction of the company’s cash pile,” Gongol said.
  • Buffett and his team also signaled Berkshire was “the best big investment they could find” when they spent $5.1 billion buying back stock in May and June, Gongol said.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway stunned investors when it revealed a $560 million stake in Barrick Gold in August, and shocked them again with its $735 million

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Warren Buffett’s charity dinner spurred the boss of an online-trading platform to embrace value investing


  • Cryptocurrency entrepreneur Justin Sun paid $4.6 million for a charity dinner with Warren Buffett in January.
  • Sun hoped to convert Buffett into a Bitcoin fan, but instead one of his guests, eToro CEO Yoni Assia, embraced Buffett’s value-investing approach.
  • Assia read the definitive book on the subject written by Buffett’s mentor, hired a value-investing consultant, and became a bigger proponent of in-depth research and longer investment horizons, Bloomberg reported.
  • The boss of the social-trading platform also tweeted that value investing is a “hidden magic that reveals itself to you only after 20 years of making 15-20% and compounding it.”
  • Visit Business Insider’s homepage for more stories.

Cryptocurrency executive Justin Sun shelled out $4.6 million for a charity dinner with Warren Buffett in a vain attempt to convert the billionaire investor into a Bitcoin believer. Instead, one of his guests embraced Buffett’s signature value-investing strategy, Bloomberg reported on

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Warren Buffett’s Berkshire Hathaway discloses Snowflake stake, confirming a rapid $800 million gain

Berkshire Hathaway chairman Warren Buffett sings and plays his ukulele with The Quebe Sisters Band at the Berkshire Hathaway annual meeting in Omaha May 1, 2010.


  • Warren Buffett’s Berkshire Hathaway confirmed the size of its Snowflake stake in a regulatory filing on Monday.
  • The billionaire investor’s company owns about 5.1 million Class A shares, or 2.2%, of the cloud-data platform’s outstanding stock.
  • Berkshire has notched a $800 million gain, as it spent $735 million on shares worth more than $1.5 billion as of Monday’s close.
  • The unusual bet shows that Buffett’s company is “evolving and becoming a much more tech-aware, tech-centric, tech-focused conglomerate,” Snowflake CEO Frank Slootman told Yahoo Finance.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway officially disclosed its stake in Snowflake on Monday, confirming it has scored a $800 million gain on its investment in the cloud-data platform.

The famed investor’s

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Why Warren Buffett’s way of beating the market will not be easily repeated

If you’re hoping that you’ll be the next Warren Buffett, I have some bad news for you.



Warren Buffett, Rebecca Quick standing in front of a crowd: Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway's annual meeting in 2019. A new book lays out the reasons why Buffett's method of market success is increasingly hard to replicate, even for Buffett himself.


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Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. A new book lays out the reasons why Buffett’s method of market success is increasingly hard to replicate, even for Buffett himself.

If you’re hoping to pay an investment professional to outperform the market to the same extent that Buffett did, I’ve got more bad news.

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Buffett, CEO of Berkshire Hathaway and one of the greatest investors of all time, was a very rare bird. Active managers — i.e. professional stock pickers — are constantly claiming that they can outperform market benchmarks like the S&P 500, but they almost never do, particularly over periods of time that go beyond three or more years.

That’s

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Warren Buffett’s $570 million bet on Snowflake shows he completely trusts his deputies, investor Jake Taylor says

  • Berkshire Hathaway’s $570 million bet on Snowflake shows CEO Warren Buffett completely trusts his two portfolio managers, Todd Combs and Ted Weschler, one fund manager says.
  • “Buffett has given full agency to his lieutenants,” Jake Taylor, CEO of Farnam Street Investments and cohost of the “Value: After Hours” podcast, told Business Insider.
  • “A high-profile tech IPO is a resounding confirmation that his actions match his words,” he added.
  • Taylor’s comments echo those of Paul Lountzis, who said the Snowflake investment proves Buffett “totally trusts Todd and Ted” in an interview this week.
  • Visit Business Insider’s homepage for more stories.

Berkshire Hathaway’s plan to invest about $570 million in Snowflake’s IPO shows that CEO Warren Buffett has complete faith in his deputies, Farnam Street Investments CEO and “Value: After Hours” cohost Jake Taylor told Business Insider this week.

“Buffett has given full agency to his lieutenants,” Taylor said, referring

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Warren Buffett’s Apple stake plunged in value by $10 billion during Thursday’s tech rout

  • Warren Buffett’s Berkshire Hathaway saw the value of its Apple stock tumble $US10 billion during the tech sell-off on Thursday.
  • Apple’s stock price dropped 8%, slashing the value of Berkshire’s roughly 981 million shares in the tech titan to below $US119 billion.
  • Berkshire has still more than tripled the value of its Apple investment, as it spent about $US35 billion to build the 5.7% stake.
  • Its Apple stake is still worth more than the market capitalisation of IBM, Citigroup, or Starbucks.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway saw an astounding $US10 billion wiped off the value of its Apple stock during Thursday’s tech rout.

The famed investor’s conglomerate owns close to 981 million Apple shares following the recent four-for-1 stock split, giving it a 5.7% stake in the iPhone maker.

Apple’s stock price tumbled 8% on Thursday, slashing the tech titan’s market capitalisation by $US178

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Warren Buffett’s Apple stake plunges in value by $19 billion in 2 days as tech rout continues

Summary List Placement

  • Warren Buffett’s Berkshire Hathaway saw the value of its Apple stock tumble as much as $19 billion in two days as the tech sell-off continued.
  • Apple’s stock price dropped 8% on Thursday and as much as 7% on Friday, slashing the value of Berkshire’s roughly 981 million shares in the tech titan to below $110 billion.
  • Berkshire has still more than tripled the value of its Apple investment, as it spent about $35 billion to build the 5.7% stake.
  • Its Apple stake is still worth more than the market capitalization of Citigroup or Starbucks.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway saw more than $19 billion wiped off the value of its Apple stock during the tech rout on Thursday and Friday.

The famed investor’s conglomerate owns close to 981 million Apple shares following the recent four-for-one stock split, giving it a 5.7%

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