FYI: Whenever Berkshire Hathaway announces a change in its stock portfolio or CEO Warren Buffett comments about an individual company, it is big news.
Buffett turns 89 on Friday, and the most-covered story about Berkshire Hathaway’s investment portfolio this year has been the continuing difficulties of Kraft Heinz KHC, +0.72%. The company suffers not only from changes in consumer tastes, but also accounting problems, a heavy debt load and an investigation by the Securities and Exchange Commission. Buffett has expressed regrets over Berkshire tremendous investment in the “old” Kraft and involvement in the 2015 merger with Heinz Co.
Among other investments, Buffett recently added to Berkshire’s Amazon.com AMZN, +1.31% holdings, after the position was first made public in May.
Regards,
Ted
https://www.marketwatch.com/story/heres-how-the-stocks-held-by-warren-buffetts-berkshire-hathaway-have-performed-in-2019-2019-08-29/print
