Yes, we have long been fans of Mr. Buffett and Charlie Munger. And also Greg Abel, he has worked his way up through the ranks, and they have done a really great job with regard to succession planning.
Likewise, in Berkshire, you have many important companies that have been part of this conglomerate structure for a long time. Therefore, we are in fact backing Berkshire Hathaway very strongly in the long term.
Warren Buffett discussed this in 1984 and how he outperformed the market, and if you follow that, you will continue to outperform the market. But Ben says that more than 20 years have passed now and Warren Buffett has not outperformed the market.
Back in 2008, as far as I know, Berkshire made an offer to buy Constellation Energy and received a $1 billion termination fee . This, as far as I know, was orchestrated by Greg.
I mean, I can only imagine, if we go through another big recession or even a normal recession, he might buy back Berkshire shares like crazy and make acquisitions and take action in the stock market .
I'm very bullish on Berkshire Hathaway and Warren Buffett. I think he sees the same thing with real estate. That's why he started investing in housebuilders.
Number one is Berkshire Hathway. This one's a buy and hold forever stock because it gives investors exposure to a diversified collection of highquality businesses, disciplined capital allocation, and Warren Buffett's long-term investing philosophy.
Not to mention the behemoth cash pile they have to go buy more businesses when they start to fail big time in the next crash.
Is there something safe fund, something like that, Berkshire, that can do that for me?
We all seek for cheap funds, easy, and then Berkshire is still at 366 billion in cash. Which is 40 something percent of the balance sheet. Now Greg Abel is spending something I don't know whether me and Warren agree, but that's a different story.
Muneesh Babrai was talking about Berkshire Hathaway's investment in Google, and he had some interesting things to say. But now that we know Buffett actually started the investment center, I'm interested to hear your and your team's take on Berkshire's Google buy-in.
Michael Bury took a look at it and simply said, "I'm done buying Berkshire Hathaway." Did you hear that? "Well, that's the signal that the old way of investing is over, and they've moved on to something else."
there is one company that lacks growth and that is Berkshire Hathaway. It's undoubtedly a great company, and what Warren Buffett has built there is extraordinary. One of the largest piles of cash you'll ever see.
I mean, this is absolutely ridiculous. The government should ask them for a loan. This is crazy, isn't it ? But, Berkshire Hathaway lacks growth. So, I'm not interested in that.
