Offshore
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Finding Compounders
Characteristics of a Value Trap
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The link is in my bio https://t.co/0Z7dGmzP41
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Characteristics of a Value Trap
Find the full piece by subscribing to my newsletter.
The link is in my bio https://t.co/0Z7dGmzP41
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Offshore
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Invest In Assets 📈
Bill Ackman once said:
"I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts"
Here is Ackman's equity holdings: https://t.co/Q8Oszm8viU
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Bill Ackman once said:
"I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts"
Here is Ackman's equity holdings: https://t.co/Q8Oszm8viU
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Librarian Capital
RT @LibrarianCap: Fundsmith initiated position in Atlas Copco $ATCO (Swedish tools/instruments maker) in Jul-24
-3.1% in Jul, vs. MSCI World +0.1% (£)
Now +5.9% YTD, vs. benchmark +12.9%
Mag 7 members were 3 of 5 top Jul detractors: $MSFT, $META, $NOVO, $SYK, $GOOG
$PM among top contributors https://t.co/x1ElpL1lND
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RT @LibrarianCap: Fundsmith initiated position in Atlas Copco $ATCO (Swedish tools/instruments maker) in Jul-24
-3.1% in Jul, vs. MSCI World +0.1% (£)
Now +5.9% YTD, vs. benchmark +12.9%
Mag 7 members were 3 of 5 top Jul detractors: $MSFT, $META, $NOVO, $SYK, $GOOG
$PM among top contributors https://t.co/x1ElpL1lND
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Offshore
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Finding Compounders
Financial World article from 1992 profiling Wall Streets 100 Highest Paid.
Some notable names https://t.co/FYZAkeVepM
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Financial World article from 1992 profiling Wall Streets 100 Highest Paid.
Some notable names https://t.co/FYZAkeVepM
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Offshore
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Hidden Value Gems
$BRK.A Q2 highlights:
✅ Buffett sells half of $AAPL stake, worth c $88B. Probably expects less upside in Apple and higher taxes in the future. Not sure a big strategic acquisition is on the cards…
✅ Cash pile at $277B, almost 30% of the Mkt Cap. A great position if we enter tough times.
✅ Insurance float at $169B.
✅ After-tax operating profit rose 15% to $11.6B, driven by higher insurance underwriting profits and increased income on the company’s large cash holdings.
✅ Bought back just $345M of stock in the period, one of the lowest quarterly totals in several years. That compares with $2.6B in Q1 2024 and $2.2B in Q4 2023.
✅ Book value per share rose to a record $419,000 per class A share from $398,000 on March 31, 2024. The gain in book value was driven by operating profits and the rise in value of Berkshire’s equity portfolio, which totaled $285B. Berkshire’s stock now trades for about 1.5x the book value.
✅ Geico’s combined ratio was 83% in the second quarter, down from 95% a year earlier.
✅ Profit at Burlington Northern Santa Fe, the railroad business, was down slightly to $1.2B after taxes in the second quarter from $1.3B a year earlier, and profit at Berkshire’s utility operations (Berkshire Hathaway Energy) declined to $655M from $785M a year earlier.
$BRK.A $BRK.B #BRK
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$BRK.A Q2 highlights:
✅ Buffett sells half of $AAPL stake, worth c $88B. Probably expects less upside in Apple and higher taxes in the future. Not sure a big strategic acquisition is on the cards…
✅ Cash pile at $277B, almost 30% of the Mkt Cap. A great position if we enter tough times.
✅ Insurance float at $169B.
✅ After-tax operating profit rose 15% to $11.6B, driven by higher insurance underwriting profits and increased income on the company’s large cash holdings.
✅ Bought back just $345M of stock in the period, one of the lowest quarterly totals in several years. That compares with $2.6B in Q1 2024 and $2.2B in Q4 2023.
✅ Book value per share rose to a record $419,000 per class A share from $398,000 on March 31, 2024. The gain in book value was driven by operating profits and the rise in value of Berkshire’s equity portfolio, which totaled $285B. Berkshire’s stock now trades for about 1.5x the book value.
✅ Geico’s combined ratio was 83% in the second quarter, down from 95% a year earlier.
✅ Profit at Burlington Northern Santa Fe, the railroad business, was down slightly to $1.2B after taxes in the second quarter from $1.3B a year earlier, and profit at Berkshire’s utility operations (Berkshire Hathaway Energy) declined to $655M from $785M a year earlier.
$BRK.A $BRK.B #BRK
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