Warren Buffett’s Berkshire Hathaway has disclosed a greater than 10% stake in Burlington Northern Santa Fe (BNI). Through three insurance subsidiaries (Columbia, National Indemnity, and National Fire & Marine) Berkshire beneficially owns 39,027,430 shares of Burlington Northern common stock according to an SEC filing made on Friday, April 6, 2007.
Some Lessons From Warren Buffett’s Annual Letter
Warren Buffetts annual letter to Berkshire Hathaway shareholders was released over the weekend. Readers will find plenty of investing lessons among the twenty-three pages. Warren began this letter as he begins each letter, by stating Berkshires change in per-share book value:
“Our gain in net worth during 2005 was $5.6 billion, which increased the per-share book value of both our Class A and Class B stock by 6.4%. Over the last 41 years, (that is, since present managemen…
The Wonders And Horrors Of Compounding
Google Price Target: $16,578.90
Some of you will immediately recognize this headline is a joke. For the rest of you, I was kind of hoping the ninety cents part would give it away.
If youre reading this because youre interested in what I have to say about Google (GOOG), you can stop now. Im not going to say anything interesting about Google. Rather, Im going to say something (that I hope is) very interesting about the wonders of compounding.
Warren Buffetts annua…
Buffett’s Big Bet
Over the past few days, there have been several stories written about Warren Buffetts $14 billion bet on global stock markets. I believe these stories are all in reference to this excerpt form Berkshire Hathaways annual report:
Berkshire is also subject to equity price risk with respect to certain long duration equity index put contracts. Berkshires maximum exposure with respect to such contracts is approximately $14 billion at December 31, 2005. These contracts genera…