Larry Berman CFA, CMT, CTA Berkshire Hathaway Inc. (B) BRK.B-N DON'T BUY Aug 11, 2025

The Buffett premium is disappearing. Sitting on lots of cash, and the bigger risk right now is what do they do with it. He doesn't know where they're going with that. People are unsure about the new management. He's not enticed, not even for the long term.

Likes it. Smartest people in the room, as they were raising cash before the markets went down earlier this year. Buffett's leaving, but has built a pretty deep bench. If it never did another deal, its many legacy brands are really great producers. Doesn't pay a distribution, but owns a bunch of really-high-cashflowing businesses.

Investment portfolio consisting of public stocks and private companies. His firm really likes private equity. Stock dipped when handover to new CEO was announced, but nothing else has changed. That's why he likes the stock now. Greg Abel's been there since 2011 under Buffett's tutelage, so it should be smooth sailing. He sees a parallel with AAPL, when Tim Cook took over from Steve Jobs. 

Doesn't pay a dividend, but will generate a quarter billion dollars in dividends alone this year, which get reinvested back into the business. That's pretty decent growth right there.

Saturday sees the latest results. Enough with the negativity. BRK holds amazing properties, even if Warren Buffet is stepping back as CEO. If they have a good quarter, the stock will run.

The genius running their insurance business remains--business as usual. No, there won't be another Buffett or Munger, but their successor is well-train and hope he was the right choice. Look at Apple: Tim Cook put his own stamp on the company. He remain comfortable owning BRK.

Strip out the stock portfolio, and its operating business is very cheap at 12-13x PE.

It's made a large bet on a correction in the market, with a cash hoard of $300-350B. So far they've been wrong. This afternoon's announcement won't help that if interest rates go lower. It's the biggest buyer of treasury bills in the world.

He's not in favour of trying to time the market. Hard to speak poorly of this name, as it's done so well over many decades. He remains pretty well fully invested in the market and rides the ups and downs.

How can you argue with the wisdom of Buffett? Great holdings. Very patient, long-term capital, and most people aren't patient enough. Like owning an ETF, but a very good one. He's a fan.

Solid uptrend for quite some time, and now starting to level off. Resistance ~$550. Slipped back under $500, that nice round number. Next support looks to be ~$450-460. Looks to him like a sideways consolidation trading range, like a lot of insurance stocks.