Berkshire Hathaway released its 4Q 2016 13-F filing last week, revealing the contents of its investment portfolio as of December 31, 2016.
Here's the updated portfolio on Dataroma:
More Commentary:
Massive Changes for Berkshire Hathaway and Warren Buffett Stocks in 2017
Warren Buffett just dropped Walmart and signaled the death of retail as we know it
Warren Buffett's Huge Stake in Apple: What He May See In AAPL
Buffett's Berkshire Hathaway reveals stake in Monsanto
On Monday he ate through one Apple. But he was still hungry!
For longtime Buffett watchers, these new investments are not so much of a shock as they might appear to more casual observers. Because what Buffett loves more than anything in the world is paying a fair price for a business with huge barriers to entry. In the parlance of stockpickers, we call these moats (as in the defensive ring of water that surrounded the medieval castles of yore). A good moat means sustainable profit margins and a defensible business model that allows for an investment holding period of (hopefully) forever. [...]Berkshire Hathaway jumps into wearables with a smart jewelry line
This spring, the jewelry manufacturer and distributor is launching a smart jewelry line called Ela. Starting with wristwear, Ela is the Richline Group's first foray into wearables, which should eventually extend into multiple product categories like rings and earrings.
Using Bluetooth Low Energy, Ela connects to both iOS and Android devices. It has a step-tracking feature that syncs with Apple Health and Google Health Kit. However, the company was interested in producing something better than just a "prettier step tracker," Cliff Ulrich, product innovation manager for the Richline Group, explained to ZDNet. The wearable also connects to the Ela app, through which you can create and share photos and other "memories" like special songs or a voice recording. The memories can be pre-loaded when giving it as a gift to someone else. A user can also create alerts -- the gem on the device will softly glow and vibrate when someone on your alert list is trying to contact you. Users can set the device to glow a certain color for specific contacts or groups. [...]
(Note this news article from last summer: Buffett’s Richline Acquires Wearables Maker Viawear (6/7/16))
Warren Buffett explains why he's investing in a risky tech sector: wearables
"Jewelry is a centuries-old business that isn't going anywhere, so it's a safe bet," [Buffett] told CNBC in an emailed statement. "With the addition of technology, we're simply updating something everyone knows and loves to better fit our modern age."
Richline Group product and innovation manager Cliff Ulrich explained, "We've designed Ela to be jewelry first. As a jewelry company, we understand jewelry retailers and consumers, what they want to carry and buy. They want to create an emotional connection, whether your giving Ela as a gift or buying it for yourself because you just got a bonus. Ela allows you to save memories in your jewelry, like a modern day locket." [...]
Warren Buffett’s late play for electricity distributor Endeavour Energy
The NSW government is heading towards another bumper result for its electricity privatisation scheme with Warren Buffett’s Berkshire Hathaway believed to have entered the auction for distribution business Endeavour Energy.
The Australian’s DataRoom column yesterday revealed Berkshire Hathaway is said to be part of a fourth consortium looking to buy the last and smallest of the electricity grid businesses being sold by the Berejiklian government for up to $US3 billion in a process that has attracted strong international attention. [...]
Warren Buffett – How Charlie Convinced Me To Break My Cigar-Butt Investing Habit
My cigar-butt strategy worked very well while I was managing small sums. Indeed, the many dozens of free puffs I obtained in the 1950s made that decade by far the best of my life for both relative and absolute investment performance. [...]
But a major weakness in this approach gradually became apparent: Cigar-butt investing was scalable only to a point. With large sums, it would never work well.
In addition, though marginal businesses purchased at cheap prices may be attractive as short-term investments, they are the wrong foundation on which to build a large and enduring enterprise. [...]
It took Charlie Munger to break my cigar-butt habits and set the course for building a business that could combine huge size with satisfactory profits. [...]
Warren Buffett selling home in Laguna Beach's Emerald Bay for $11 Million
Berkshire Hathaway CEO Warren Buffet has put his six-bedroom house in Laguna Beach’s Emerald Bay on the market for $11 million. [...]
Buffett, 86, has owned the ocean-view home since 1971, when he paid $150,000 for it. He’s used the house for family vacations for the past 46 years, Dolby said. [...]
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