Jim LebenthalBerkshire Hathaway Inc. (B)BRK.BBUYAug 10, 2026

He recently sold this at $431, citing lack of momentum--that was not a good trade. He likes the fact that the new CEO is now buying back stock, being aggressive and putting his signature on the company. He bought $10 billion of Alphabet and Home Builders at $7 billion. Sure, some deals will not be good, but to make on omelette you have to crack some eggs.

It's in a transition away from Warren Buffett to the new CEO. It's a show-me story. Greg Abel has recently bought Google and Delta Airlines. The main issue here is that BRK has little exposure to AI, which is driving the US market. Also, the underlying economy in the US sees many consumer struggling to make ends meet and watching their money. This is slowing down BRK. Insurance competition is also a drag.

It acts like a fund. He likes the sectors it holds. The market punished after Buffett retired. It has lots of cash and deep value. It holds rails and insurance and Apple. Is diverified. The chart has obvious support around $470, though if it falls below that, he will sell. Shares are now bouncing off $470. It could break out.

Berkshire has always been about Warren Buffett and what he buys/sells. New management has made some substantial changes, notably adding to GOOG. Pretty flat over past year, actually negative at this point. 200-day MA very sideways to slightly trending down and rolling over.

A bit of uncertainty right now. Stan, of course, prefers to choose his own stocks. Long term, BRK.B worked. But now it's wait and see.

Doesn't pay a dividend, and TFSA's are never taxed. So those are good points. TFSA's are not for current income, so it would be fine. You could get an equivalent low-cost ETF, but BRK.B doesn't have a management fee.

In the last 26 years, it's marginally underperformed the S&P 500. Slightly outperformed the global word market. Great vehicle, but looks a lot like the market. Best returns were when it was a lot smaller. Nothing wrong with management. Could argue that they've been carrying cash for so many years that they're missing out.

So you have some things to think about. He'd have no problem putting it as a core holding into any portfolio.

Buffett was an allocator, Abel's an operator. Time will tell if it's just what the businesses need. Valuation's still fairly full. Nice suite of diversified businesses.

Results haven't been as stellar as some were expecting, insurance business and other parts haven't been tremendous. 

He's excited to see how it does under Greg Abel, who seems to be a terrific operator and is promising to use his salary to buy shares. Share buybacks restarted. Valuation quite attractive here. Betting on growth of the US, and that's a pretty safe bet.

By the way, Buffett's still coming to work every day. 

Diversified portfolio masquerading as a single stock. Insurance has been a long-standing pillar of the organization, potential cyclical headwinds brewing for P&C insurance. More competition on policy pricing. Lower interest rates will pressure its income from bond portfolios.

Great portfolio of iconic, buy-and-hold-forever businesses. On that basis, he could get behind buying this dip.

A top could be forming. We're seeing a series of lower highs over the past year. The stock is neutral with risk to the downside. If it falls below $450, it could be in trouble. There is weakness in insurance in recent months.

(Note the shortish timeframe.)  Earnings from a couple of weeks ago were a bit disappointing, revenues down across the board. New CEO says it's sticking to its principles. Over time, should rise again.

He sold it during the upside, based on technicals. He's not bearish BRK. The market is waiting to see how the new CEO will do. The chart is now consolidating, neither positive not negative. It's 50/50 whether the new CEO performs well.

How will they transition from Warren Buffet? New CEO Greg is putting his stamp on things, taking an activist stamp on companies like Kraft Heinz. He's a very capable executive. BRK is attractively valued now.

Warren Buffett is one of his all-time heroes. The first acquisition made by the "new" guy, Greg Abel, will be very much scrutinized. Reminds him of when Steve Jobs had to leave Apple -- there would never be another Steve Jobs. Tim Cook came in, not a visionary, but now people are worried about when Tim retires.

Phenomenal selection of assets. Abel's been there for many years. A company you can hold for a long time.