Secrets of Warren Buffett’s Success

These are the secrets to Warren Buffett’s success as stated by Alice Schroeder. Alice Schroeder is the author of The Snowball: Warren Buffett and the Business of Life. She spent five years with Mr. Buffett to write this book, and was the only one that he allowed exclusive access to his family and life to produce this great piece of work. In this video, she talks about the characteristics that Warren Buffett exhibited, skills he had and what he did that allowed him to be such a successful investor. Enjoy!!

Buffett on Value Investing

Warren Buffett speaks about value investing at the Columbia University Town Hall Meeting.

Buffett on Value Investing

David Sokol on CNBC

One of Berkshire’s top managers named CEO of NetJets as an additional role.

Bruce Greenwald on Value Investing

Berkshire Hathaway Board wants to Split Class B shares

A recent SEC filing states that the Board of Directors unanimously approved, has declared to be advisable and is recommending to the shareholders of the Corporation for approval a 50-for-1 stock split of the Corporation’s Class B stock. The Board wants recommends this split regardless of the Burlington Northern Santa Fe deal.

Read the SEC filing here.


Shareholders will have the opportunity to vote at a meeting in January on the stock split. The expected price after the split should be in the range of $65 - $70.

Read more at Gurufocus.

Warren Buffett Holdings as of September 2009

1710_warren_buffett_1 This is the list of Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) public US equity holdings as of September 30, 2009.




Highlights from the portfolio of the greatest investor of our time.

  • American Express Co. (NYSE: AXP) over 151.6 million shares, same as last quarter.
  • Bank of America Corp. (NYSE: BAC) 5 million shares; same as last quarter.
  • Becton Dickinson & Co. (NYSE: BDX) 1.2 million shares, same as last quarter.
  • Burlington Northern Santa Fe (NYSE: BNI) was reported as 76.77 million shares but frankly it does not really matter as BNSF is becoming part of Berkshire.
  • Carmax Inc. (NYSE: KMX) 9 million shares is same as last quarter.
  • Coca Cola Co. (NYSE: KO) right at 200 million shares, still same as before.
  • Comcast (NASDAQ: CMCSA) 12 million shares, same as before.
  • Comdisco Holdings (NASDAQ: CDCO) roughly 1.5 million shares, same as before.
  • ConocoPhillips (NYSE: COP) 57.43 million shares, DOWN FROM 62.485 million at the end of June.
  • Costco Wholesale (NASDAQ: COST) 5.254 million shares, same as before.
  • Exxon Mobil Corp. (NYSE: XOM) is a NEW HOLDING of 1.276 million shares.
  • Gannett Co. (NYSE: GCI) 3.447 million shares, same as before.
  • General Electric Corp. (NYSE: GE) 7.777 million shares is the same as before, but does not include the huge preferred investment from late 2008.
  • GlaxoSmithKline (NYSE: GSK) 1.51 million shares, same as before.
  • Home Depot Inc. (NYSE: HD) 2.757 million, same as last quarter.
  • Ingersoll-Rand (NYSE: IR) 636,600 shares; WAY DOWN from the 7.78 million listed last quarter.
  • Iron Mountain (NYSE: IRM) 3.3722 million shares, same as before.
  • Johnson & Johnson (NYSE: JNJ) was just over 36.91 million shares; Same as last quarter and still well under the 62 million shares at one point in 2008.
  • Kraft Foods (NYSE: KFT) over 138 million; same as last quarter.
  • Lowe’s Companies (NYSE: LOW) 6.5 million shares, same as last quarter.
  • M&T Bank Corp. (NYSE: MTB) 6.71 million shares, same as before.
  • Moody’s (NYSE: MCO) was listed as over 39.2 million shares, but that is WAY DOWN from the 48 million last quarter.  Be advised that he has noted sales and hinted at more sales here.
  • Nalco Holding (NYSE: NLC) 9.0 million shares, same as last quarter.
  • Nike Inc. (NYSE: NKE) 7.641 million shares, same as before.
  • Norfolk Southern (NYSE: NSC) 1.933 million shares, same as before, but we already know Buffett has or is selling out of non-BNSF shares in rail companies.
  • NRG Energy (NYSE: NRG) 7.2 million, same as before.
  • Eaton Corp. (NYSE: ETN) was NOT LISTED ANY LONGER, so sold from holdings.
  • Procter & Gamble (NYSE: PG) 96.3 million, the same as before.
  • Republic Services Inc. (NYSE: RSG) 3.625 million shares; NEW POSITION following Bill Gates.
  • Sanofi Aventis (NYSE: SNY) more than 3.9 million shares, same as before.
  • Sun Trust Bank (NYSE: STI) 3.079 million shares; DOWN FROM 3.2+ the quarter before.
  • Torchmark Corp. (NYSE: TMK) roughly 2.82 million, same as before.
  • Travelers Cos (NYSE: TRV) 27,336; NEW POSITION but small.
  • US Bancorp (NYSE: USB) roughly 69 million; Same as quarter before.
  • USG Corp. (NYSE: USG) 17.072 million shares, same as before.
  • United Health Group (NYSE: UNH) 3.4 million shares; DOWN from 4.5 million last quarter and down from over 6 million in Q1.
  • Union Pacific Corp. (NYSE: UNP) 9.55 million shares, same as quarter before but this does not matter as Buffett is dumping his non-BNSF rail holdings.
  • United Parcel Service (NYSE: UPS) 1.429 million shares, same as before.
  • Wal-Mart Stores Inc. (NYSE: WMT) 37.8 million; WAY UP from the 19.9+ million shares last quarter.
  • Washington Post (NYSE: WPO) over 1.72 million shares, same as before.
  • Wells Fargo & Co. (NYSE: WFC) 313.3 million shares; ABOVE THE PRIOR 302+ million last quarter and above the 290+ million in Q1.
  • Wellpoint Inc. (NYSE: WLP) 3.394 million; DOWN SLIGHTLY from the 3.5 million last quarter and from the 4.7773 million in Q1.
  • Wesco Financial Corp. (NYSE: WSC) 5.7 million shares, same as before.
  • WABCO Holdings (NYSE: WBC) IS GONE after being 2.7 million shares last quarter.

Alice Schroeder on Warren Buffett's Purchase of Burlington Northern

Bruce Berkowitz of Fairholme Fund talks about Investing

The Fairholme Fund is one of my favorite mutual fund because of Bruce Berkowitz and its performance. He has a Buffett-style philosophy and is very focused on being a steward of shareholders’ wealth. He runs Fairholme as a concentrated portfolio of stocks and holds about 17% cash. In this video, he talks about his investment philosophy, stocks, lessons from the economic downturn and some of Warren Buffett’s recent purchases.

Buffett and Gates at Columbia Town Hall Meeting

Click here for full transcript courtesy of CNBC.

Bruce Berkowitz Interview by PBS

Bruce Berkowitz, founder of the Fairholme Fund, is interviewed by PBS. He is a well-known value investor that follows many of Warren Buffett’s investing philosophies. His top 5 holdings account for 40% of the fund and includes Pfizer, St. Joes, Americredit and Sears Holding company. Great 3 minute interview of Bruce.

For more information on the Fairholme Fund, go to http://www.fairholmefunds.com

Warren Buffett continues to sell Moody’s

moodysChairman of Berkshire Hathaway continues to sell his stake in Moody’s Corp raising $28.7 million in the transaction. Berkshire still holds 38.1 million shares of Moody’s. What does this move indicate? Let’s hear your comments.

Average price range during that selling period was $24.86 and $25.27.


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