Warren Buffett Puts Wind in Berkshire’s Sails (WSJ)
Through a majority-owned subsidiary, Berkshire Hathaway Energy, Mr. Buffett plans to double the $15 billion already committed to renewable-energy projects through early this year, and he is on the hunt for more utility acquisitions. [...] The energy unit is key to Berkshire’s future—it generates more than 7% of the conglomerate’s earnings, and is likely to climb—while also providing Mr. Buffett a way to invest Berkshire’s ever-growing cash pile. [...] Another reason many Buffett watchers are paying attention: Berkshire Hathaway Energy is run by Greg Abel, a 52-year-old Canadian who is among the younger executives seen by analysts as possibly succeeding the 84-year-old billionaire as CEO.
Warren Buffett's Berkshire equity portfolio goes awry; loses $5 bn since June 30 (Economic Times)
Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. In particular, Berkshire has been stung by large holdings in IBM and long-time Buffett favorite Coca-Cola, both of which tumbled after disappointing third-quarter results. His penchant for energy stocks hasn't helped either, given the damage done to the prices of energy assets by the slumping global oil price.
Warren Buffett sells more Tesco shares (The Guardian)
Berkshire Hathaway has further reduced its stake in Tesco in the wake of the admission by the investment group’s boss, Warren Buffett, that buying into the troubled supermarket group was a “huge mistake”. In a statement to the stock exchange, Tesco revealed that Berkshire Hathaway had reduced its holding on 13 October to less than 3% – one of the thresholds at which a company must inform the market.
Berkshire Hathaway: 20%+ Undervalued? DCF Calculation (Seeking Alpha)
The intrinsic value of BRK.B is calculated to be $166.94. This represents 22% upside from today's price. Zacks has recently upgraded Berkshire to 1 (Strong Buy) as analyst estimates have moved upwards. Berkshire is well diversified and is strongly equipped to handle adverse macroeconomic conditions. The company has returned an impressive 19.7% average growth in book value for the last 49 years.
Where in the World Is Warren Buffett? Everywhere (Bloomberg)
There's the Warren Buffett of the flavor industry. There's the Warren Buffett of “super-fancy hotels.” There are Buffetts of barges and of bass fishing, of Tampa, Thailand and Turkey. There's even a Warren Buffett of C-block, where a stock-picking, Buffett-quoting convicted murderer has been dubbed the Oracle of San Quentin. [...] while people around the world are anointed "The Warren Buffett of..." this and that, willy-nilly, the 84-year-old investor actually wants his personal brand to take a back seat to the Berkshire Hathaway's.
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