Berkshire Hathaway Inc. (B) (BRK.B)

Target price only ~3% higher than where it's trading. A few analysts have it as a Sell or Underperform, which means that the index is expected to beat it. Being treated less like a stock and more like a safe-haven equity. Investors like the simplicity, that it's cash rich, the balance sheet, and diversified earnings. Its theme of quality businesses with steady cashflow plays well when growth gets choppy.

Stock reflects trust and durability, not excitement or aggressive growth. Works when investors want stability, capital preservation, and long-term compounding. Still sees momentum, but not huge growth.

Doesn't think price drop due to concerns about Buffett retiring. Market seems quite comfortable that he's chosen an excellent replacement. Great collection of businesses -- all with the hallmarks of quality, sustainable competitive advantage, and structural profitability.

Lots of dry powder -- another hallmark. Likes to be liquid to take advantage of opportunities. BRK.B will tend to lag indices when markets are ripping like this year, but it creates a good entry point. His firm prefers to pick their own stocks, but they approve of what the company's done. Linked with the American economy, the most dynamic in the world.

He's been aggressively buying it. The chart went down since April, while the market went up. But the one-year chart show higher lows. BRK has beaten the S&P forever, holds a lot of cash, and he's confident in Buffett's successor. The lull now is an opportunity.

It lags the S&P, because it's not a momentum stock and is low-Beta. BKRB shines when things go south, not in momentum markets like now.

They're sitting on a lot to cash to wait for stocks to fall so they can buy. Nothing wrong with that. Is BRK different after Buffet? Of course. You're now buying people whom Buffet taught, who could be good.

Loves it long term and Buffet's legacy. This is so massive that it acts like an index-type strategy. It doesn't pay a dividend, so it's tax-efficient for Canadaians (good). They have a huge amount cash. This will go up and down with market risk. Since Buffet left, the stock has lagged. Still, a great company. Will perform like a market index.

Of course, there are concerns on what happens after Warren Buffet leaves; he's the greatest investor of all time. BRK is very defensive with over $300 billion in cash as they reduce stocks so that they can take advantage of buying opportunities. He continues to buy this.

Although it is just average right now they invest for the long term, not day to day or quarter to quarter. It is up 7% year over year and will go at different speeds. We're in a time of amazing innovation where capital is going to be the best risk/reward.

A lot to learn from a business like this. He doesn't own it for client portfolios because of efficiency -- Berkshire's always been reluctant to return cash to shareholders via dividends. Business is designed to just aggregate cash. But as it's grown, harder to find meaningful acquisitions. Best thing would be to buy back shares, but they don't like doing that.

With recent volatility, $$ has flocked to defensive names like this. So valuation's been pushed up. If market sells off, this name will likely operate counter-cyclically and go up.

For him, names like KKR and BN are the modern-day Berkshires, as their strategies are similar to the smaller and younger BRK.B. So that's where he's been focused instead.

Performed extremely well. Key is that Warren Buffett's stepping down will change its nature. Stock price started falling on that announcement. Big percentage of portfolio in AAPL. Contains a lot of value names, while it's growth that performs well in a falling interest rate environment. Not much in the way of the new frontier of AI.

Could have a place in your portfolio if you want names that have lower valuations.

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.

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.

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.

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

Doesn't know why people are buying and selling daily. Gives you exposure to broad, global markets with significant overweight to the US. You're trusting them to invest your $$ better than you can. Over long periods of time, proven to be no different than buying a large-scale, low-cost index fund. 

20, 30, 40 years ago, they were much smaller and made a difference. So big now that they can't make enough of a difference in buying good companies and have them be accretive. Well run, and the pedigree's there. Great holding if you're looking for something with a value tilt. No dividend.