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

Continually outperforms the rest of the world. Cash hoard of $150B, so they can jump first on any opportunities. Transition to a younger management team is being really well executed. Unique business.

Excellent company with best capital allocation in the world.
Owner/operator led (Warren Buffett who is not slowing down).
Large amounts of free cash on the balance sheet.
Operating income hitting records ($10 billion).
Excellent array of business' under ownership.

When you don't know what to do, invest in an asset manager like this or BAM-T. BRK is timely because it holds a lot of insurance which has benefit from rising interest rates. It holds $150 billion cash and Warren Buffett will figure out how to deploy that. Buy a half position.

With this company you are buying a fund of funds.You can buy today for the long term and not worry about it since it has delivered well for investors over the years. The insurance business is a big part.

He's into safety now. Might have trouble here. Includes value stocks, not super-correlated to the tech stocks. May not do much for the short term, but a good position to hold as a core position.

Main difference is the price. The As are a really high price, and the Bs are in the $300s. They're largely economically equivalent. The B shares were created in 1996 so that small investors could buy the stock without being taken advantage of by firms charging management fees for ETFs holding BRK.A. If you had a massive amount of money, like institutional investors, you'd be indifferent. Most people prefer the B shares. 

A great defensive holding. Very durable over the long term. Has had a pretty strong runup, so the valuation is more robust that it's been. People have fled to safety because of the banking crisis in the US. Insurance, especially, is counter-cyclical. You want to wait.

Top asset manager with a long, long legacy. Would buy it today. They will capture the volatility in coming years.

It is a perpetual cash machine and owns some of the world's greatest assets. There is some recent news that Warren Buffet may invest in regional banks. They are buying back lots of stock.

Stay long. He runs an unbelievable company and has terrific people behind him.

Wonderful company. Mega-conglomerate. All insurance businesses have performed well as the economy's weakened. Very defensive names. Multiple has been bid up. Has become more of a wealth preservation vehicle. He'd prefer BAM or KKR, these are the new Berkshires with a better succession plan.